Huida Sanitary Ware announced that the sale of 100% equity and creditor's rights in Guangxi New Gaosheng Thin Building Ceramics Co., Ltd. has been completed, and the transaction payment of 68.000001 million yuan has been received in full. The equity transfer price was 1 yuan, the debt transfer amount was 68 million yuan, and the transferee was Beiliu Shengli Huafu Logistics and Warehousing Co., Ltd. As of the announcement date, the company and its holding subsidiary Beiliu New Shengda have received all payments, and Guangxi New Gaosheng is no longer included in the consolidated financial statements. Previously, in September 2025, the company had listed the subsidiary for transfer at a reserve price of 144 million yuan, but the process was terminated due to no bidders. Huida Sanitary Ware's 2025 revenue was 2.944 billion yuan, down 14.95% year-on-year, with a net loss attributable to the parent company of 190 million yuan, swinging from profit to loss. In the first quarter of 2026, net profit attributable to the parent company was negative 30.47 million yuan, turning negative year-on-year.
Huida Sanitary Ware Co LtdCompleted sale of Guangxi New Gaosheng, receiving 68 million yuan payment and deconsolidating the subsidiary.
