Shenzhen SEG subsidiary property auction reduces net profit 8m yuan

Shenzhen SEG announced its subsidiary SEG New City's property was sold at judicial auction for 79.4 million yuan, with buyers completing payment in July.

The property sale will increase Shenzhen SEG's operating revenue by approximately 75 million yuan while reducing net profit attributable to shareholders by about 8 million yuan. The company said the judgment amount was already accrued in previous years, limiting impact on current period results.