Shenzhen Business Daily·Readchuang client reporter Ning Kejian

On the evening of September 4, Huida Sanitary Ware () announced that the company's holding subsidiary Beiliu Xinshengda New Materials Co., Ltd. ("Beiliu Xinshengda") planned to publicly transfer 100% of the equity and claims ("Target Claims 1") held by Guangxi New Goldman Sachs Thin Building Ceramics Co., Ltd. ("Guangxi New Goldman"). The company planned to publicly list and transfer the claims held by Guangxi New Goldman Sachs ("Target Claims 2").

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

The announcement shows that after the completion of this transaction, the scope of the company's consolidated statements will change, and Guangxi New Goldman Sachs will no longer be included in the scope of the company's consolidated 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", "Duffini", "LA'BOBO", "Porta" and "Creo". Among them, "Huida" is the main brand, and its business categories include sanitary ware, ceramic tiles, integrated kitchen and bathroom, etc.

Guangxi New Goldman Sachs is a high-tech enterprise whose main business is the R&D, design, production and sales of ceramic thin slate products. Huida Sanitary Ware mentioned that in recent years, Guangxi New Goldman Sachs has resisted pressure and moved forward. Currently, Guangxi New Goldman Sachs is in a state of suspension.

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

In the first half of 2025, Huida Sanitary Ware achieved total operating income of 1.425 billion yuan, a year-on-year decrease of 9.94%; net profit attributable to the parent company was 17.9718 million yuan, a year-on-year decrease of 70.21%; deducting non-net profit loss of 29.8585 million yuan, a profit of 26.9085 million yuan in the same period last year; the net cash flow generated from 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 due to 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 has declined, and the revenue from the engineering business of domestic major customers has declined year-on-year. At the same time, the company made provision for asset impairment on some inventories and fixed assets.

The year-on-year decrease in net cash flow from operating activities was mainly due to the decrease in net receipts from sales and purchases of goods.

The latest stock price of Huida Sanitary Ware was 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 cut in half.