Shenzhen Agricultural Power Group (000061.SZ): The fruit and vegetable company has obtained relocated properties and is expected to increase the total pre-tax profit for the year 2025 by approximately 130 million yuan.
Agricultural products (000061.SZ) released an announcement that its wholly-owned subsidiary Shenzhen Fruit and Vegetable Trade Co., Ltd. (referred to as...
Shenzhen Agricultural Power Group (000061.SZ) announced that its wholly-owned subsidiary, Shenzhen Fruits and Vegetables Trading Co., Ltd. (hereinafter referred to as "Fruits and Vegetables Company"), originally located in a property on the south Meihua Road and west Meizhong Road in Futian District of Shenzhen, has been included in a urban renewal project. The property originally occupied an area of 3,000.97 square meters with a building area of 3,486.53 square meters, and the land use was for industrial purposes.
In April 2019, Fruits and Vegetables Company signed a "Relocation Compensation Agreement" and a supplementary agreement (hereinafter referred to as "Relocation Settlement Agreement") with the implementing entity of the urban renewal project, Shenzhen Hengli Innovation Industry Co. Ltd (hereinafter referred to as "Hengli Company"), agreeing that Fruits and Vegetables Company will obtain the property back through property exchange.
Currently, the urban renewal project has been completed, and in accordance with the relocation settlement agreement, Fruits and Vegetables Company has received building 1 of Huali Square with units 1002, 1201, 1202, 1301, 1801 (including the right to use 16 parking spaces, hereinafter referred to as "relocation property"), with a total building area of 3,840.23 square meters (including the apportioned area calculated for property rights survey, final area is subject to property rights certificate). Fruits and Vegetables Company commissioned Shenzhen Lixin Asset Assessment Real Estate Appraisal Co., Ltd. to evaluate the relocation property. On November 11, 2025, Shenzhen Lixin Asset Assessment Real Estate Appraisal Co., Ltd. issued the "Real Estate Valuation Report of Shenzhen Fruits and Vegetables Trading Co., Ltd." (Shenlixinzi [2025] 027), and based on the appraisal, the total appraisal value of the above-mentioned relocation property (3,840.23 square meters) is 132.87 million RMB.
In accordance with the relevant provisions of the "Enterprise Accounting Standards," Fruits and Vegetables Company will carry out corresponding accounting treatment for the received relocation property based on the evaluation results, and is expected to increase the company's pre-tax profit for the year 2025 by approximately 130.4 million RMB.
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