Core Viewpoint - Qin'an Co., Ltd. has decided to terminate the plan to acquire 99% of Anhui Yigao Optoelectronics Co., Ltd. through a share issuance and cash payment, opting instead for a cash purchase to enhance transaction efficiency and reduce costs [1][4]. Group 1: Transaction Details - The initial plan for the acquisition was disclosed in June, but the parties involved concluded that the share issuance method could not complete the transaction within the year [4]. - The decision to switch to a cash purchase aims to maintain the stability of Yigao's core team and allow for a quicker response to market demands [4]. - A transaction intention agreement was signed on September 17, 2025, with major shareholders of Yigao for the cash purchase of the company's entire equity [4][5]. Group 2: Company Background - Yigao was established on August 25, 2020, and specializes in the R&D, production, and sales of touch screens, coated conductive glass, and vacuum coating products [5]. - The company is led by its legal representative, Rao Yiran, who also holds executive positions in several related enterprises [5]. - Shenzhen Yuan Zhi Xing Huo Private Equity Fund is the second-largest shareholder with a 20.13% stake, controlled by the Shenzhen State-owned Assets Supervision and Administration Commission [5]. Group 3: Market Context and Performance - The demand for automotive display screens is increasing, expanding the market for Yigao's products, which could complement Qin'an's existing customer resources [6]. - Qin'an, founded in 1995 and listed on the Shanghai Stock Exchange in May 2017, primarily manufactures core components for automotive engines [6]. - In 2024, Qin'an reported a revenue of 1.6 billion yuan, a year-on-year decline of 8.04%, and a net profit of 173 million yuan, down 33.7%, marking the first dual decline since 2018 [6]. - For the first half of 2025, Qin'an's total revenue was 675 million yuan, a decrease of 13.18%, while the net profit attributable to shareholders was 80.39 million yuan, an increase of 29.97% [6].

Group 1 - Qin'an Co., Ltd. announced the termination of the share issuance and cash payment plan to acquire 99% equity of Anhui Yigao Optoelectronics Technology Co., Ltd., opting for a cash purchase instead [1][3] - The decision to change the transaction method was made due to the inability to complete the share issuance acquisition within the year and to ensure the stability of the target company's core team [3] - A transaction intention agreement was signed with major shareholders of Yigao Optoelectronics for the cash purchase of all equity held by them, with further negotiations ongoing regarding the sale of shares held by Yuan Zhi Xing Huo [3] Group 2 - Yigao Optoelectronics, established in August 2020, specializes in the R&D, production, and sales of touch screens, conductive glass, and vacuum coating products, among others [4] - The company has a significant shareholder structure, with Shenzhen Yuan Zhi Xing Huo Private Equity Fund holding 20.13% of the shares, indicating a connection to state-owned assets [4] - The demand for automotive display screens is increasing, which expands the market for Yigao's products, potentially complementing Qin'an's existing customer resources [4] Group 3 - In 2024, Qin'an experienced a decline in both revenue and net profit, with revenue of 1.6 billion yuan, down 8.04% year-on-year, and net profit of 173 million yuan, down 33.7%, marking the first dual decline since 2018 [5] - In the first half of 2025, Qin'an's total revenue was 675 million yuan, a decrease of 13.18% year-on-year, while net profit attributable to shareholders was 80.39 million yuan, an increase of 29.97% [6] - The company is shifting focus towards the automotive intelligence sector to capture opportunities in automotive electrification and intelligence [6]

Group 1 - Fuchun Dyeing and Weaving's controlling shareholders plan to reduce their holdings by a total of 1% of the company's shares, amounting to a maximum of 194.07 million shares [1] - Yaoshi Technology's shareholder plans to reduce holdings by up to 1% of the company's shares, totaling 232.96 million shares [1][2] - Fucai Technology's shareholder plans to transfer 170 million shares, representing 2.0038% of the company's total shares [3] Group 2 - Xiangxia Precision plans to invest 30 million yuan in a joint investment fund, representing 35.09% of the total subscription amount [4] - Anhui Heli intends to acquire 51% of Jianghuai Heavy Industry for 274 million yuan, which will be included in the company's consolidated financial statements [5] - Jida Zhengyuan's shareholder plans to reduce holdings by up to 3% of the company's shares, totaling 565.2 million shares [6] Group 3 - Hanyu Group plans to invest 10 million yuan in the Tianwei Fund, representing 45.43% of the total investment [7] - Tianshun Co. received a government subsidy of 6.375 million yuan, accounting for 71.49% of the company's latest audited net profit [8] - Hongfuhan's vice chairman plans to reduce holdings by up to 0.87% of the company's shares, totaling 77.63 million shares [9] Group 4 - Yunda Co. reported August express service revenue of 4.119 billion yuan, a year-on-year increase of 5.16% [10] - Feile Audio announced no plans to enter the lithography machine field [11] - Xidamen's controlling shareholder plans to reduce holdings by up to 15.7 million shares, representing 0.0821% of the company's total shares [12] Group 5 - Jian Sheng Group plans to invest in a new project in Vietnam with a total investment of 180 million yuan [13] - Yunnan Tourism's cooperation with Zhejiang Humanoid Robot Innovation Center is still in the early stages [14] - Fengcai Technology's shareholder plans to reduce holdings by up to 3% of the company's shares, totaling 341.76 million shares [16] Group 6 - Jinfat Technology has a penetration holding ratio of 0.32% in Yushu Technology [18][19] - Nanjing Public Utility terminated the cash acquisition of 68% of Yiguang Technology due to failure to reach an agreement [20] - Peking University Medicine plans to donate 3 million yuan to the Capital Medical University Education Foundation [21] Group 7 - Qin'an Co. is negotiating to purchase equity in Yigao Optoelectronics for cash [22] - Jinxin Co.'s major shareholder plans to reduce holdings by up to 1% of the company's shares, totaling 662.15 million shares [23] - Capital Online's two shareholders plan to transfer a total of 5.02% of the company's shares, amounting to 25.2076 million shares [24][25]

Core Viewpoint - Qin'an Co., Ltd. has decided to terminate its previous plan to acquire 99% of Anhui Yigao Optoelectronics Technology Co., Ltd. through a combination of share issuance and cash payment, opting instead for a cash-only acquisition due to the inability to complete the share issuance before year-end [2][6]. Group 1: Acquisition Details - The original acquisition plan involved purchasing shares from 12 parties, including individuals and companies, through a combination of share issuance priced at 12.74 yuan per share and cash [4][5]. - The new plan will involve establishing a wholly-owned subsidiary to facilitate the cash acquisition, with the payment to be made in installments upon meeting certain conditions [5][6]. - The cash acquisition agreement has been signed with 11 major shareholders of Yigao Optoelectronics, while negotiations with one party are still ongoing [5][6]. Group 2: Financial Implications - The previous plan included raising additional funds for various purposes, including project construction and working capital, with a cap of 25% of the transaction price for working capital [7]. - Following the termination of the previous plan, the company has indicated that it will not pursue additional fundraising, although specifics will depend on future negotiations [7]. - As of mid-2025, Yigao Optoelectronics reported owner equity of 260 million yuan, with revenues of 105 million yuan, 254 million yuan, and 79 million yuan for the years 2023, 2024, and the first five months of 2025, respectively [8]. Group 3: Performance Guarantees - The transaction requires one of the parties, Rao Yiran, to purchase at least 5% of the company's shares from the controlling shareholder as a performance guarantee for obligations under the transaction [9]. - Changes in performance commitments have been noted between the new cash acquisition agreement and the previous plan [9].

Core Viewpoint - Qin'an Co., Ltd. has decided to terminate its previous plan to acquire 99% of Anhui Yigao Optoelectronics Technology Co., Ltd. through a combination of share issuance and cash payment, opting instead for a cash-only acquisition method due to the inability to complete the share issuance before year-end [1][5]. Group 1: Acquisition Details - The company will establish a wholly-owned subsidiary to facilitate the cash acquisition of Yigao Optoelectronics [2][5]. - The previous plan involved issuing shares at a price of 12.74 yuan per share, which was above 80% of the average stock price over the previous 20 trading days [5]. - The new cash acquisition agreement has been signed with 11 major shareholders of Yigao Optoelectronics, with ongoing negotiations for the remaining shares held by one party [5][6]. Group 2: Financial Implications - The termination of the previous acquisition plan means that the company will not pursue additional fundraising for the transaction, although future negotiations may influence this decision [6]. - As of mid-2025, Yigao Optoelectronics reported owner equity of 260 million yuan, with revenues of 105 million yuan, 254 million yuan, and 79 million yuan for the years 2023, 2024, and the first five months of 2025, respectively [7]. - Qin'an Co., Ltd. reported cash holdings of 986 million yuan as of mid-2025 [8]. Group 3: Performance Commitments - The new cash acquisition agreement includes performance commitments from the shareholders, with one party required to purchase at least 5% of the company's shares as a guarantee for fulfilling obligations under the transaction [2][9].

Core Viewpoint - Qin'an Co., Ltd. has announced the termination of its plan to issue shares and pay cash to acquire 99% equity of Anhui Yigao Optoelectronics Technology Co., Ltd. and will instead pursue a cash-based acquisition [1][2] Group 1: Transaction Details - The company has signed a cash acquisition intention agreement with 11 major shareholders of Yigao Optoelectronics, but the agreement is only preliminary and requires further negotiation and formal agreement [1][2] - The acquisition will be executed through a newly established wholly-owned subsidiary of Qin'an, which will pay cash to acquire the equity from the shareholders [3] - The transaction price will be paid in installments, contingent upon meeting certain payment conditions [3] Group 2: Performance Commitments - The shareholders involved in the transaction have made performance commitments, ensuring that the net profits of Yigao Optoelectronics will not be less than RMB 70 million, RMB 80 million, and RMB 90 million for the years 2025, 2026, and 2027 respectively, with a cumulative net profit of at least RMB 240 million over the three years [5][6] - The calculation of actual net profit includes audited net profit plus 70% of excess R&D expenses [6] Group 3: Financial Performance - Qin'an's revenue for 2024 was RMB 1.6 billion, a decrease of 8.04% year-on-year, while the net profit attributable to shareholders was RMB 173 million, down 33.70% [6] - In the first half of 2025, the company reported revenue of RMB 675 million, a decline of 13.18% year-on-year, but the net profit attributable to shareholders increased by 29.97% to RMB 80 million [7]

Group 1 - The company, Qin'an Co., has decided to terminate the original plan to acquire 99% equity of Anhui Yigao Optoelectronics Technology Co., Ltd. through issuing shares and cash payment, opting instead for a cash acquisition [2] - The initial plan involved purchasing the equity from 12 shareholders, but due to the inability to complete the share issuance before year-end and the need for efficient acquisition to maintain the target company's core team stability, a cash acquisition was deemed more suitable [2] - Since the stock suspension on June 30, 2025, the company has been actively working on the acquisition, including audits, evaluations, and negotiations with the transaction parties [2] Group 2 - Qin'an Co. has signed a cash acquisition intention agreement with 11 major shareholders of Yigao Optoelectronics, planning to establish a wholly-owned subsidiary to facilitate the cash purchase [3] - The transaction price will be paid in installments based on current payment conditions, and performance commitments will be made by the shareholders regarding the operational performance of Yigao Optoelectronics during the commitment period [3] - Shareholder Rao Yiran is required to purchase a certain number of Qin'an Co. shares to guarantee the fulfillment of obligations by all performance commitment parties under the transaction documents [3]

Core Viewpoint - Qin'an Co., Ltd. (603758.SH) announced the termination of its original plan to acquire 99% equity of Anhui Yigao Optoelectronics Technology Co., Ltd. through issuing shares and cash, opting instead for a cash acquisition [1] Group 1: Acquisition Details - The company has signed a cash acquisition intention agreement with 11 major shareholders of Yigao Optoelectronics [1] - The signed agreement is only an intention and the specific transaction plan, pricing, payment arrangements, performance commitments, and compensation terms will be subject to the final formal agreement [1]

Core Viewpoint - The company has decided to terminate the plan to issue shares and pay cash for the acquisition of 99% equity in Anhui Yigao Optoelectronics Technology Co., Ltd. and will instead negotiate a cash purchase of the assets [1] Group 1 - The board of directors approved the termination of the share issuance and cash payment for the acquisition of Yigao Optoelectronics [1] - The company has signed a cash acquisition intention agreement with 11 major shareholders of Yigao Optoelectronics [1] - The signed agreement is only an intention and the specific transaction details, pricing, payment arrangements, performance commitments, and compensation will be determined in a formal agreement [1] Group 2 - The transaction requires further negotiation and necessary internal decision-making processes, including board and shareholder meetings, before implementation [1] - There is uncertainty regarding the smooth progress and implementation of the transaction [1]

智通财经APP讯，秦安股份(603758.SH)公告，公司董事会审议通过了《关于终止发行股份、支付现金 购买资产并募集配套资金事项及继续磋商以现金方式购买资产的议案》，同意终止发行股份及支付现金 购买安徽亦高光电科技有限责任公司99%股权，并募集配套资金事项，另行磋商以现金方式购买前述资 产。 公告提示，公司拟终止原发行股份及支付现金购买安徽亦高光电科技有限责任公司(简称"亦高光 电")99%股权并募集配套资金事项，另行以现金方式收购亦高光电股权，目前已与亦高光电11名主要股 东签署现金收购意向协议。本次签署的仅为意向性协议，具体的交易方案、定价、支付安排、业绩承诺 与补偿等核心条款仍需以最终签署的正式协议为准。本次交易需待交易各方进一步协商并履行必要的内 部决策程序(包括但不限于董事会、股东会审议)后方可实施，能否顺利推进及实施尚存在不确定性。 ...