Why did Fosun (00656) choose to proactively unload historical "baggage" at this time?

On March 6, Fosun International (00656) issued a profit warning announcement, stating that based on the existing information of the board of directors and the latest unaudited comprehensive management accounts as of December 31, 2025, the estimated loss attributable to the shareholders of the parent company for the year 2025 is approximately RMB 21.5 billion to 23.5 billion. The appearance of the book loss is mainly due to Fosun's one-off non-cash impairment provision and revaluation of assets based on financial prudence principles. The announcement emphasized that the company's fundamentals remain stable and will continue to advance its strategy of focusing on core businesses and slimming down, promoting business growth through refined operations, and solidifying long-term value. This time, Fosun International made impairment provisions for assets, which is closely related to the downturn in the real estate industry. The announcement stated that during the 2025 fiscal year, the real estate industry continued to decline, with overall market demand weak, putting pressure on the Fosun real estate business sector. The company made significant asset impairment provisions for some real estate projects showing signs of impairment. The group will dynamically adjust its operational and sales strategies according to market conditions, actively seize opportunities, intensify marketing and inventory turnover efforts, and expedite fund inflow. In addition, due to market changes, Fosun also made impairment provisions for goodwill and intangible assets of some non-core business sectors to objectively reflect their value. From a market perspective, the one-off provision of a large non-cash book loss by a Hong Kong-listed company under Hong Kong accounting standards for the valuation of assets and goodwill is a non-cash change in the book value and is not directly related to operations. Fosun International also stated in the announcement, "The above-mentioned assets take a significant non-cash impairment and provision to accurately reflect the company's financial information, without affecting the overall operation and cash flow of the company. The company's fundamentals remain stable, with core industries such as pharmaceuticals and health care, insurance, and finance showing good development trends." Why did Fosun proceed with asset impairment at this time point? Market analysts believe that for Fosun, which is currently advancing a "slimming down and getting fit" strategy, objectively reflecting industry cyclical fluctuations and proactively promoting asset struct... (Unfortunately, the text is too lengthy for me to translate in one go. If you would like me to continue translating, please let me know.)