Huida Sanitary Ware (603385.SH) plans to sell 100% equity and debt of Guangxi Xingaosheng to optimize its industrial structure.

Huida Sanitary Ware (603385.SH) announced that its holding subsidiary, Beiliu Xinshengda New Materials Co., Ltd. ("Beiliu Xinshengda"), plans to publicly list and transfer 100% equity and debt (referred to as "target debt 1") of Guangxi Xingaosheng Thin-walled Ceramic Co., Ltd. ("Guangxi Xingaosheng"). The company also plans to publicly list and transfer the debt of Guangxi Xingaosheng (referred to as "target debt 2") held by it. As of June 30, 2025, the amount of target debt 1 is 132 million yuan, and the amount of target debt 2 is 138 million yuan. The announcement shows that Guangxi Xingaosheng is a high-tech enterprise mainly engaged in the research, design, production, and sales of ceramic thin rock board products. In recent years, the real estate market has gradually entered a phase of deep adjustment, with real estate developers facing liquidity pressures. Currently, Guangxi Xingaosheng is in a state of suspension. The announcement states that this transaction can adjust and optimize the company's industrial structure, integrate corporate resources, reduce management costs, and improve asset operation efficiency and quality.