Core Viewpoint - Huali Co., Ltd. has terminated its acquisition of a 51% stake in Zhongke Huilian due to a lack of consensus on core terms among the parties involved, despite two months of negotiations [1][2]. Group 1: Acquisition Details - The acquisition was intended to be executed through cash payment and was not classified as a related party transaction or a significant asset restructuring [4]. - Huali Co. stated that it had adhered to agreements and actively advanced due diligence processes, but ultimately received a letter from the shareholders of Zhongke Huilian expressing the intention to terminate the acquisition [4]. - The termination of the acquisition agreement was a mutual decision among the parties, with no breach of contract or disputes reported [4]. Group 2: Impact on Digital Transformation - Zhongke Huilian is recognized as a national-level specialized and innovative "little giant" enterprise, providing intelligent interaction and decision-making software solutions across various sectors, including government, finance, healthcare, and education [5]. - The acquisition was expected to enhance Huali Co.'s digital capabilities and business scale, contributing to new profit growth and accelerating its digital transformation [5]. - With the termination of the acquisition, Huali Co.'s strategic plans for digital transformation are now on hold [5]. Group 3: Future Outlook - Huali Co. plans to continue pursuing its strategic objectives and will focus on orderly management operations, aiming for long-term healthy development through internal growth and diversified investment [6]. - On December 29, Huali Co.'s stock price reached a high of 16.59 yuan per share, with a total market capitalization of 4.5 billion yuan [6].

Group 1 - The core point of the article is that Huali Co., Ltd. has terminated its acquisition of 51% of Zhongke Huilian due to a lack of consensus on key terms among the parties involved [2][4][6] - The acquisition was intended to be conducted through cash payment and was not classified as a related party transaction or a major asset restructuring [6] - Huali Co., Ltd. has been actively promoting due diligence work since the initiation of the transaction but ultimately received a letter from the shareholders of Zhongke Huilian expressing the intention to terminate the acquisition [6] Group 2 - Zhongke Huilian is recognized as a national-level specialized and innovative "little giant" enterprise, providing intelligent interaction and decision-making software products and solutions [8] - The company has successfully implemented applications in various fields, including smart governance, finance, enterprise, healthcare, and education, and has developed a large model generation algorithm for government applications [8] - Huali Co., Ltd. aims to enhance its digital transformation and business scale through this acquisition, which would contribute to new profit growth points and improve its profitability and risk resistance [8][9] Group 3 - With the termination of the acquisition, Huali Co., Ltd.'s digital transformation strategy is now stalled [9] - The company plans to continue pursuing its strategic goals through internal development and diversified investment and acquisition methods to promote long-term healthy growth [9] - As of December 29, Huali Co., Ltd.'s stock price reached 16.59 yuan per share, with a total market value of 4.5 billion yuan [10]

Core Viewpoint - The company, Huali Co., Ltd. (华立股份), has decided to terminate the intention to acquire 51% of Beijing Zhongke Huilian Technology Co., Ltd. due to a lack of consensus on key transaction terms among the parties involved [1][3]. Group 1: Acquisition Termination - The company signed a letter of intent on October 30 to acquire 51% of Zhongke Huilian from its existing shareholders through cash [3]. - The company has conducted due diligence and fulfilled disclosure obligations but ultimately received a notice from the shareholders to terminate the acquisition [3]. - The termination of this acquisition will not significantly impact the company's operational and financial status or its future strategic plans [3]. Group 2: Business Strategy and Performance - The company aims to continue its strategic goals and manage operations effectively, focusing on both organic growth and diversified investments [4]. - Huali Co., Ltd. has successfully transformed into a comprehensive holding company, expanding its business into home building materials, smart water management, membrane filtration materials, and industrial digitalization [5]. - For the first three quarters of 2025, the company reported revenue of 978 million yuan, a year-on-year increase of 56.82%, and a net profit attributable to shareholders of 46.81 million yuan, up 34.15% year-on-year, driven by growth in core business segments [5]. Group 3: Future Development - The company plans to increase investment in its digital sector and seek strategic partnerships with high-quality enterprises in big data and artificial intelligence to enhance its digital technology capabilities and innovate its profit models [6].

Group 1: Metal Futures and Market Impact - Recent rapid increases in precious and industrial metal futures prices have led to heightened volatility risks, prompting the CME Group to raise margin requirements for trading metals including gold, silver, palladium, and lithium [1] - The new margin requirements, effective after the close of trading on the upcoming Monday, include a 10% increase for gold futures, approximately 13.6% for silver, and 23% for platinum [1] - Following the announcement, international metal futures prices experienced multiple rounds of declines, with gold prices falling below the $4500 per ounce mark, closing at $4497.9 per ounce, a decrease of 1.20% [1] Group 2: AI and Investment Insights - Jinglin Asset Management, a major private equity firm, has indicated that 2026 may mark the true beginning of the widespread adoption of AI Agents [1] Group 3: Fund and Market Adjustments - Guotou Silver LOF announced a temporary suspension of trading on December 30, 2025, to protect investor interests, with the possibility of extending the suspension if market price premiums do not decrease [2] Group 4: Airline Fuel Charges - Starting January 5, 2026, domestic airlines in China will reduce the fuel surcharge for passenger transport, with fees decreasing by 10 yuan for flights under 800 kilometers and 20 yuan for longer flights [3] Group 5: Energy and Technology Developments - The first 30MW pure hydrogen gas turbine has successfully achieved stable operation, marking a significant advancement in hydrogen power generation technology [3] - The Chinese government has confirmed the continuation of the "national subsidy" for consumer goods, which has significantly boosted the sales of mid-to-high-end products in recent years [4] Group 6: Corporate Changes and Developments - Financial adjustments include the appointment of Bi Chunhui as the deputy director of the research institute at Zheshang Securities [5] - Zero Run Technology's CEO confirmed that the company will maintain control by the founding team despite the investment from FAW [6] - China Software plans to sell 555 X86 servers and two properties to optimize idle assets [7] Group 7: Market Transactions and Contracts - Financial services firm Caitong Securities has received approval from the China Securities Regulatory Commission to publicly issue bonds totaling up to 150 billion yuan [8] - Southeast Network Frame has won an EPC project worth 8.87 billion yuan [11] - Shanxi Expressway intends to acquire a 15% stake in Shanxi Transportation Development Group for 74.8 million yuan [12] - Rima Precision's subsidiary has been designated as a supplier for a new energy vehicle project, with expected sales of approximately 1.342 billion yuan over its lifecycle [13] - Nankuang Group signed a 3 billion yuan equipment procurement contract for iron ore processing [14] - Guangdong Yuedian A's Dapu Power Plant's second phase has successfully commenced commercial operations [15] - China Energy Construction's subsidiary has won an EPC project worth approximately 6.864 billion yuan [16] Group 8: Stock Market Updates - ST Dongtong's stock will resume trading on December 30, 2025, entering a delisting preparation period [17] - The Shanghai Composite Index recorded a slight increase, marking a nine-day rise, while the Shenzhen Component Index experienced a decline [18][19]

Core Viewpoint - Huali Co., Ltd. has terminated its acquisition plan for a 51% stake in Zhongke Huilian Technology Co., Ltd. due to a lack of consensus on key transaction terms among the parties involved [1] Group 1: Acquisition Details - The acquisition plan was initially disclosed on October 29, with Huali intending to purchase the stake in cash, which would make Zhongke Huilian a subsidiary [1] - Huali emphasized that the termination of the acquisition will not have a significant adverse impact on its production, financial status, or future development strategy [1] Group 2: Business Context - Huali Co., Ltd. has a diverse business portfolio including home building materials, smart water management, membrane filtration materials, and industrial digitalization [2] - Zhongke Huilian specializes in intelligent interaction and decision-making software, particularly in the government sector with its "Smart Government Model Generation Algorithm" [2] Group 3: Future Outlook - Huali remains committed to pursuing acquisition opportunities and will continue to focus on its strategic goals through internal development and diversified investment [3] - Following the announcement, Huali's stock rose by 4.87%, bringing its total market capitalization to 4.5 billion [3]

华立股份表示，交易各方未能就交易核心条款达成共识，公司于近期已收到标的公司股东方面送达的终 止本次收购意向的《函》，决定终止本次收购。 交易行情显示，12月29日，华立股份收涨4.87%，收于16.59元/股，总市值44.57亿元。 北京商报讯（记者 马换换 李佳雪）12月29日，华立股份（603038）披露公告称，公司终止股份收购意 向性协议。 公告显示，华立股份于10月30日与北京中科汇联科技股份有限公司（以下简称"中科汇联"）的股东游世 学、北京中科汇合控股有限公司、北京合和汇科技中心（有限合伙）、罗敏、华纳沣佳企业管理（北 京）合伙企业（有限合伙）、周瑞香、嘉兴君宁股权投资基金合伙企业（有限合伙）、张成方、北京财 富华纳投资有限公司、游利芳、李建成、于韶光、黄趁速、芜湖市中太银信股权投资合伙企业（有限合 伙）、张燕芝签署了意向性协议，公司原拟通过现金方式收购现有股东持有的中科汇联51%的股份。 ...

Market Overview - The renovation and building materials sector experienced a decline of 0.41% compared to the previous trading day, with Jingxue Energy leading the drop [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Stock Performance - Notable gainers in the renovation and building materials sector included: - Yangzi New Materials (002652) with a closing price of 4.86, up 9.95% [1] - Huali Co., Ltd. (603038) with a closing price of 16.59, up 4.87% [1] - ST Nachuan (300198) with a closing price of 2.55, up 3.24% [1] - Conversely, significant decliners included: - Jingxue Energy (301010) with a closing price of 22.42, down 3.28% [2] - Lezhishun Group (002398) with a closing price of 5.90, down 3.28% [2] - Zhongqi New Materials (001212) with a closing price of 51.65, down 2.55% [2] Capital Flow - The renovation and building materials sector saw a net outflow of 178 million yuan from institutional investors, while retail investors experienced a net inflow of approximately 89.27 million yuan [2] - Key stocks with significant capital flow included: - Huali Co., Ltd. (603038) with a net inflow of 22.13 million yuan from institutional investors [3] - Gongyuan Co., Ltd. (002641) with a net inflow of 16.95 million yuan from institutional investors [3] - Jingxue Energy (301010) with a net outflow of 12.6 million yuan from institutional investors [3]

证券代码：603038 证券简称：华立股份 公告编号：2025-068 东莞市华立实业股份有限公司 关于终止股份收购意向性协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本次交易自启动以来，公司严格恪守约定，积极推进审计评估等各项前期尽 调工作，及时履行信息披露义务。但交易各方未能就交易核心条款达成共识，公 司于近期已收到标的公司股东方面送达的终止本次收购意向的《函》。为维护公 司及全体股东的合法权益，经公司审慎研究，决定终止本次收购。 三、终止本次筹划收购事项对公司的影响 股份收购意向性协议仅为双方基本意愿的意向性约定，旨在表达各方合作意 向。终止股份收购意向性协议是交易各方协商一致的结果，不存在违约行为及违 约责任追究之情形，不存在任何争议和纠纷。终止本次拟收购事项不会对公司的 生产经营及财务状况产生重大不利影响，也不会影响公司未来的发展战略及经营 规划。 未来，公司将继续围绕既定的战略目标，有序开展各项经营管理工作，积极 地通过内生性发展和投资并购等多元化的方式，推动公司长期健康发展，持续提 升公司发展 ...

华立股份（603038）(603038.SH)发布公告，此前披露，公司拟通过现金方式收购现有股东持有的中科 汇联51%的股份。本次交易各方未能就交易核心条款达成共识，公司于近期已收到标的公司股东方面送 达的终止本次收购意向的《函》。 ...

本次交易自启动以来，公司严格恪守约定，积极推进审计评估等各项前期尽调工作，及时履行信息披露 义务。但交易各方未能就交易核心条款达成共识，公司于近期已收到标的公司股东方面送达的终止本次 收购意向的《函》。为维护公司及全体股东的合法权益，经公司审慎研究，决定终止本次收购。 登录新浪财经APP 搜索【信披】查看更多考评等级 格隆汇12月29日丨华立股份(603038.SH)公布，公司于2025年10月30日与北京中科汇联科技股份有限公 司(以下简称"中科汇联"或"标的公司")的股东游世学、北京中科汇合控股有限公司、北京合和汇科技中 心(有限合伙)、罗敏、华纳沣佳企业管理(北京)合伙企业(有限合伙)、周瑞香、嘉兴君宁股权投资基金合 伙企业(有限合伙)、张成方、北京财富华纳投资有限公司、游利芳、李建成、于韶光、黄趁速、芜湖市 中太银信股权投资合伙企业(有限合伙)、张燕芝(以下合称"现有股东")签署了意向性协议，公司拟通过 现金方式收购现有股东持有的中科汇联51%的股份。 ...