Suning.com Transfers Equity in Four Subsidiaries for 8 Yuan, Focusing on Core Business or Reducing Debt Pressure

Suning.com recently announced that its wholly owned subsidiary, Jiangsu Suning Commercial Investment Co., Ltd., has signed an equity transfer agreement with Guangdong Ruifeng Rong Enterprise Management Co., Ltd. to sell all 100% equity interests in Xiangyang Lemai Sales Co., Ltd., Zhuzhou Lemai Sales Co., Ltd., Yantai Lemai Sheng Trading Co., Ltd., and Liaoning Lemai Trading Co., Ltd. The total transaction amount is 8 RMB.

According to the disclosed financial data, as of the valuation date, the equity of all four target companies was negative. Xiangyang Lemai’s book value was -48.0281 million yuan, with an assessed value of -48.069 million yuan, a depreciation rate of 0.09%; Zhuzhou Lemai’s book and assessed values were both -50.7567 million yuan, with no change; Yantai Lemai’s book value was -14.7962 million yuan, assessed at -14.7787 million yuan, an appreciation rate of 0.12%; Liaoning Lemai’s book and assessed values were both -3.8889 million yuan, with no change. After negotiations, the transfer price for each company’s equity was set at 2 yuan.

Suning.com emphasized in the announcement that this asset divestment is an important step for the company to focus on its core home appliance and 3C business. By continuously clearing non-core loss-making assets and non-main business operations, the company aims to optimize its asset structure, reduce debt levels, and ease operational pressure. The finance department’s preliminary estimate indicates that, based on December 31, 2025, this transaction is expected to increase the company’s net profit attributable to shareholders by approximately 1.17 billion yuan. The specific figures are subject to audited periodic reports.

It is worth noting that this is not the first time Suning.com has disposed of assets at a symbolic price. In September 2025, the company sold the equity of 12 Carrefour China subsidiaries for a total of 12 yuan, attracting market attention. According to the earnings forecast released in January this year, Suning.com expects a net profit of 50 million to 75 million yuan for 2025, representing a year-on-year decline of 87.72% to 91.81%, but it has maintained profitability for two consecutive years.

Market analysts pointed out that through its “light-asset” transformation strategy, Suning.com is gradually divesting inefficient assets, which helps to concentrate resources on strengthening core business competitiveness. Although the transaction amount for this equity transfer is small, debt restructuring and asset optimization may bring tangible improvements to the company’s financial condition.