On the eve of the interim report, this pharmaceutical company sold two school districts at 2 1 10,000! What kind of enterprise is this?

This company is an A-share pharmaceutical company, Northeast Pharmaceutical. Before the auction, there was a saying that it was useless to leave the house idle, so it was better to realize it.

This house is beyond the reach of most people. If you want to own a house of your own in your life, you must make great efforts. But for many enterprises, they will choose to invest in real estate after making enough money through operation. In this incident, we can see that Northeast Pharmaceutical auctioned two school districts on the eve of the interim report, in exchange for 2 1 10,000 yuan, which triggered a heated discussion among netizens after the incident.

What happened?

On August 14, 2022, A shares will go to Northeast Pharmaceutical Company to announce the assets to be disposed of by the company. From these announcements, we can see that two houses located in Building 37, Yuzhong West Road, Xicheng District, Beijing were built in 199 1, with construction areas of 89.3 square meters and 64 square meters, respectively, in Desheng District, Xicheng District. The original value of two real estate assets is 2.85 million. From the purchase to the sale of two sets of Desheng school district houses, it brought about 7.4 times the income for Northeast Pharmaceutical.

What is my personal opinion?

As an investor, the reporter called the office of the board of directors of Northeast Pharmaceutical and asked about the reasons for selling the good storage property during the consultation. The staff said that the two properties were sold because it was useless to revitalize assets, so they were sold. Whether it is related to the good performance of the semi-annual report has not been explained positively.

Why does Northeast Pharmaceutical want to sell real estate?

With the arrival of the epidemic, all walks of life have been affected to some extent. As the main supplier of vitamin C, Northeast Pharmaceutical has a certain relationship with the price of raw materials. The popularization of raw materials has gone far. After a short period of radicalization, Northeast Pharmaceutical has fallen into financial crisis, so it will choose to sell real estate at such a key node.