LED lighting company Changfang Group plans to transfer two assets

On August 5, Shenzhen Changfang Group Co., Ltd. ("Changfang Group") announced that the company plans to publicly list and transfer its two assets, Changfang Industrial Park and Changfang Group Building in Pingshan, Shenzhen, with a total listing price of 374.31 million yuan. According to the announcement, the assets to be transferred include the Changfang Industrial Park in Pingshan Town and the Changfang Group Building south of Qingyan 1st Road. Changfang Group stated that the subject assets planned for transfer this time are currently in a leased or idle state. This public listing and transfer of the subject assets will help revitalize the company's assets, improve asset operation efficiency, enhance the company's profitability, and will not affect the company's normal production and operations. The proceeds from the sale of assets will be used to repay bank loans or borrowings and supplement the funds required for the company's production and operations. Information shows that Changfang Group is mainly engaged in the research and development, design, production and sales of LED lighting source devices, LED lighting products and other electronic products such as electric fans and portable energy storage products. In 2024, Changfang Group achieved revenue of 505 million yuan, a year-on-year decrease of 7.13%; the net profit loss attributable to the parent company narrowed year-on-year. In the first quarter of 2025, Changfang Group achieved operating income of 118 million yuan, a year-on-year decrease of 13.9%. Previously, Changfang Group stated that in 2025, the company will continue to focus on turning losses into profits as its core goal, strengthen product research and development innovation, expand market channels, and increase market share and company performance. In the field of lighting, the company will increase its research and development efforts on plant lighting device packaging and market-differentiated new products, and increase its investment in research and development of Kangmingsheng intelligent lighting, military lighting and other products to continuously enrich product categories.