[Colin Electric: plans to sell idle factories and land use rights for 106 million yuan] May 29, Colin Electric announced that the company intends to sell some of the idle factories and their corresponding land use rights in the high-end intelligent power equipment manufacturing base of Colin Electric, No. 8 Yuanhang Road, Sijiazhuang Town, Luquan District, Shijiazhuang City, at a total price of 106 million yuan (excluding tax). Respectively sold to Hebei Changtai Intelligent Electrical Technology Co., Ltd., Hebei Hua Hengxin Communication Technology Co., Ltd., and other 14 enterprises. The sale of idle assets is expected to generate 31.9517 million yuan (excluding tax) from the transfer of assets, accounting for 27.92% of the company's latest net profit.