What do you mean by major asset restructuring?

Major asset reorganization refers to: from the perspective of property rights economics, the essence of asset reorganization lies in adjusting the boundaries of enterprises. Theoretically, there is an optimal scale problem for enterprises. When the scale of the enterprise is too large, resulting in low efficiency and poor efficiency, in this case, the enterprise should divest some businesses with losses or mismatched costs and benefits; When the scale of the enterprise is too small and the business is single, which leads to greater risks, it should enter new business areas in time through acquisition and merger, and carry out diversified operations to reduce the overall risks. From the accounting point of view, asset reorganization refers to the transaction behavior of adjusting assets, liabilities or owners' equity between enterprises and other entities, so as to realize the effective allocation of resources. If one of the following three conditions is met, it is a major asset reorganization: first, the total assets purchased, sold and replaced account for more than 50% of the total assets of the audited consolidated statements of listed companies in the latest fiscal year; Second, the net assets purchased, sold and replaced (after deducting the liabilities assumed) account for more than 50% of the net assets of the audited consolidated statements of listed companies in the latest fiscal year; III. The main business income generated from the purchase, sale and replacement of assets in the latest fiscal year accounts for more than 50% of the main business income of the audited consolidated statements of listed companies in the latest fiscal year. The purchase or sale of assets by listed companies and their holding companies that meet one of the following criteria constitutes a major asset reorganization: 1. The total assets purchased or sold account for more than 50% of the total assets at the end of the audited consolidated financial accounting report of the listed company in the latest fiscal year; 2. The operating income generated from the purchase and sale of assets in the latest fiscal year accounts for more than 50% of the operating income of the audited consolidated financial accounting report of the listed company in the same period; 3. The net assets purchased and sold account for more than 50% of the net assets of the listed company at the end of the audited consolidated financial accounting report in the latest fiscal year, and exceed RMB 50 million.