Shenzhen Business Daily·Duchuang Client Reporter Ning Kejian

On the evening of September 4, Huida Sanitary Ware () announced that the company's controlling subsidiary Beiliu Xinshengda New Materials Co., Ltd. (hereinafter referred to as "Beiliu Xinshengda") plans to publicly transfer 100% of its equity and debts (hereinafter referred to as "Guangxi New Goldman Sachs") Guangxi New Goldman Sachs Thin Building and Ceramics Co., Ltd. (hereinafter referred to as "Guangxi New Goldman Sachs") and the company plans to publicly transfer its equity and debts (hereinafter referred to as "Guangxi New Goldman Sachs's debts' 1") Guangxi New Goldman Sachs' debts (hereinafter referred to as "Guangxi New Goldman Sachs' 2")

As of June 30, 2025, the amount of the target claim 1 was 132 million yuan, and the amount of the target claim 2 was 138 million yuan.

The announcement shows that after the completion of this transaction, the scope of the company's consolidated financial statements will be changed, and Guangxi New Goldman Sachs will no longer be included in the scope of the company's consolidated financial statements.

According to data, Huida Sanitary Ware was founded in 1982 and is located in Tangshan City, Hebei Province. It started with sanitary ceramics and gradually extended to all categories of sanitary ware products. The company mainly owns brands such as "HUIDA", "Dufini", "LA'BOBO", "Porta" and "Creo". Among them, "Huida" as the main brand, its business categories include sanitary ware, ceramic tiles, overall kitchen and bathroom, etc.

Guangxi Goldman Sachs is a high-tech enterprise with its main business in the research and development, design, production and sales of ceramic thin rock slab products. Huida Sanitary Ware mentioned that in recent years, Guangxi Goldman Sachs has moved forward withstand pressure. At present, Guangxi New Goldman Sachs is in a state of suspension of production.

In 2024, Guangxi New Goldman Sachs' operating income accounted for 3.17% of the company's latest audited operating income. This asset sale will not have a substantial impact on the company's main business and sustainable operating capabilities.

In the first half of 2025, Huida Sanitary Ware achieved a total operating income of 1.425 billion yuan, a year-on-year decrease of 9.94%; net profit attributable to shareholders was 17.9718 million yuan, a year-on-year decrease of 70.21%; net profit excluding non-net profit was 29.8585 million yuan, a year-on-year profit of 26.9085 million yuan; net cash flow generated by operating activities was 9.1124 million yuan, a year-on-year decrease of 65.26%.

Huida Sanitary Ware said that the year-on-year decrease in the company's non-net profit was mainly affected by factors such as conflicts in overseas regions, changes in tariff policies, lower export tax rebate rates, continued deepening of domestic structural adjustments, and insufficient effective demand. The gross profit margin of overseas export business declined, and the revenue of domestic large customer engineering business declined year-on-year. At the same time, the company's asset impairment is caused by the company's provisions on some inventory and fixed assets.

The year-on-year decrease in net cash flow generated by operating activities is mainly due to the decrease in net receipts for sales and purchase of goods.

Huida Sanitary Ware's latest stock price is 6.85 yuan per share, with a total market value of 2.608 billion yuan. In the past five years, the stock price has been "halved".