According to the Securities Times reporter's incomplete statistics, since 2026, more than 10 listed companies have issued announcements to list and sell the shares of their subsidiaries in the name of 1 yuan. Most of the shares of subsidiaries that were sold at low prices continued to lose their performance, and many were even in a state of insolvency. According to industry insiders, the superficial logic of this kind of “cabbage price” transfer is mainly that listed companies are anxious to separate loss-making assets from consolidated statements and optimize current financial statements, thereby maintaining listing eligibility and maintaining their normal financing capacity in the capital market. However, transaction boundaries are vague, and there are greater risks hidden behind transferring non-performing assets at low prices.

According to the Securities Times reporter's incomplete statistics, since 2026, more than 10 listed companies have issued announcements to list and sell the shares of their subsidiaries in the name of 1 yuan. Most of the shares of subsidiaries that were sold at low prices continued to lose their performance, and many were even in a state of insolvency. According to industry insiders, the superficial logic of this kind of “cabbage price” transfer is mainly that listed companies are anxious to separate loss-making assets from consolidated statements and optimize current financial statements, thereby maintaining listing eligibility and maintaining their normal financing capacity in the capital market. However, transaction boundaries are vague, and there are greater risks hidden behind transferring non-performing assets at low prices.