According to Zhitong Finance App, Hebai Group (000417.SZ) announced that the Feixi County Bureau of Natural Resources and Planning plans to take back the right of the company's subsidiary to use 58,732.29 square meters of state-owned construction land for residential use in plot A on the east side of the intersection of the high-speed connection line and Hetong Highway in Yandian Town, Feixi County, at a recovery price of 140 million yuan. After the transaction is completed, the company's net profit attributable to shareholders of listed companies in 2026 will be reduced by about 25.45 million yuan in the short term. The impact on the company is reflected in the company's 2026 semi-annual report results. However, in the medium to long term, it has effectively avoided the accumulation of large amounts of capital and possible larger losses.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.