集团拟于本期间后以拍卖方式出售减值资产及液化天然气加气站。于本公告日期，集团正就拍卖编制文件。CGII HLDGS (01940) announced that based on the preliminary assessment of the unaudited comprehensive account management of the group as of June 30, 2024...
According to the preliminary evaluation of the unaudited comprehensive account management for the six months ending on June 30, 2024 ("the Period") and the information currently available to the group management, CGII HLDGS (01940) announced that the group is expected to achieve a post-tax profit of not less than RMB 50 million during the Period, while the post-tax profit for the six months ended June 30, 2023 was approximately RMB 69.5 million. The decrease in the post-tax profit of the company during the Period is mainly due to the impairment losses of property, plant and equipment recognized during the Period, which amounted to approximately RMB 38 million ("impairment loss"). The negative impact on the profit is offset by several cost-saving measures adopted by the group during the Period, resulting in a decrease in operating expenses.
Due to the continued implementation of the Phase-out and Relocation Plan ("the Plan") by the company's controlling shareholder and the main customer, HBIS COMPANY LIMITED, Tangshan Branch of Hesteel Co., Ltd. ("HBIS Tangshan"), the management of the company evaluated the production plan of the group during the Period and identified impairment indicators for some machinery and equipment ("impaired assets") of the group's headquarters and Tangshan Ironworks, a wholly-owned subsidiary of the company. In addition, the group's autos Henry Hub natural gas refilling station generated operating losses. Therefore, the value of the impaired assets and the natural gas refilling station has been written down to their recoverable amounts, which are measured based on their estimated fair value less selling costs. The management estimated the fair value of the impaired assets and the natural gas refilling station using the cost approach. Excluding the impairment loss, it is expected that the group will increase its post-tax profit by not less than RMB 18 million during the Period.
The group intends to sell the impaired assets and the natural gas refilling station by auction after the Period. As of the date of this announcement, the group is preparing auction documents.
