Core Viewpoint - The acquisition and restructuring plan of Slinje (688115) has failed after over 16 months of planning, leading to a significant drop in its stock price and the expectation of its first annual net loss since going public [1][6]. Group 1: Acquisition and Restructuring - Slinje announced on January 25 that it would terminate the acquisition of 71% of Qingdao Kekai Electronics Research Institute and the associated fundraising, marking the failure of Kekai Electronics' attempt to go public [1][3]. - The termination was attributed to the large scale of the transaction and changes in market conditions since the initial planning phase, which prolonged the restructuring process [3][5]. - The transaction price for Kekai Electronics' 71% stake was adjusted multiple times, from 14.91 billion to 14.2 billion, and finally to 13.14 billion [5]. Group 2: Financial Performance - Slinje's financial performance has been disappointing, with an expected net loss of up to 11.5 million in 2025, which would be its first annual loss since its IPO [1][7]. - Revenue figures for Slinje from 2022 to 2025 are projected to be approximately 2.42 billion, 1.68 billion, 1.85 billion, and 1.8 billion respectively, with corresponding net profits of 54.03 million, 8.98 million, 15.27 million, and a projected loss of 843.32 million [7][8]. - The anticipated revenue for 2025 is expected to increase by 29.51% to 45.7%, but the net profit is projected to be negative, indicating a significant decline in profitability [8].

Core Viewpoint - The asset restructuring plan of Slinjet has been terminated, leading to a significant decline in investor confidence regarding its "military + commercial aerospace" vision [1][4]. Group 1: Termination of Restructuring Plan - On January 25, 2026, Slinjet announced the termination of its asset restructuring plan, which involved the acquisition of 71% of Qingdao Kekai Electronics Research Institute [1]. - The company cited the large scale of the transaction and changes in market conditions as reasons for the termination [1][3]. - The termination announcement followed a series of significant stock price declines, with a cumulative drop of 29.68% in the five trading days leading up to the announcement [2]. Group 2: Financial Performance Forecast - On January 24, 2025, Slinjet projected an annual revenue of between 240 million to 270 million yuan, representing a year-on-year increase of 29.51% to 45.70% [2]. - However, the company also forecasted a net loss attributable to shareholders of between -11.5 million to -8 million yuan, a decline of 152.38% to 175.30% compared to the previous year [2]. - The expected net profit after excluding non-recurring gains and losses was projected to be between -16.5 million to -11.5 million yuan, reflecting a year-on-year decline of 230.66% to 287.47% [2]. Group 3: Stock Price Movements - Following the initial announcement of the restructuring plan in September 2024, Slinjet's stock price surged, reaching a maximum increase of 157.88% within six trading days [3]. - However, after peaking at 71.1 yuan per share on January 16, 2025, the stock experienced a significant decline of 33.84% over the next six trading days [3]. - The stock price fell by 5.92% to 47.04 yuan per share on January 26, 2025, after the termination announcement [2]. Group 4: Company Background and Market Position - Slinjet specializes in industrial automation testing, focusing on the design, research, production, and sales of embedded intelligent instrument modules [3]. - The company’s products are primarily used in the automation testing of Apple electronic products [3]. - The intended acquisition of Kekai Electronics was seen as a strategic move to enhance Slinjet's position in the aerospace and military sectors, leveraging Kekai's established sales channels and military qualifications [4].

2026 年 1 月 26 日，公司收到上交所《关于终止对广州思林杰科技股份有限公 司发行股份及支付现金购买资产并募集配套资金暨关联交易审核的决定》（上证科 审〔2026〕3 号），根据《上海证券交易所上市公司重大资产重组审核规则》第五十 二条第二项的有关规定，上交所决定终止对公司发行股份及支付现金购买资产并募 集配套资金暨关联交易的审核。 特此公告。 广州思林杰科技股份有限公司 证券代码：688115 证券简称：思林杰 公告编号：2026-007 广州思林杰科技股份有限公司 关于收到上海证券交易所《关于终止对广州思林杰科技 股份有限公司发行股份及支付现金购买资产并募集配套 资金暨关联交易审核的决定》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、准确性和完整性依法承担法律责任。 广州思林杰科技股份有限公司（以下简称"公司"）于 2026 年 1 月 25 日分别召 开了第二届董事会第二十六次会议、第二届董事会独立董事第八次专门会议、第二 届董事会战略委员会第四次会议，审议通过了《关于终止发行股份及支付现金购买 资产并募集配套资金暨关联交易事项并撤 ...

2024年9月24日，思林杰公告称，公司拟通过发行股份及支付现金方式，向王建绘、王建纲、王新和王科等23名交易对方收购青岛科凯电子研究所股份有限 公司71%股份，并募集配套资金。 科凯电子主营业务为高可靠微电路模块的研发、生产及销售，主要产品包括电机驱动器、光源驱动器、信号控制器以及其他微电路产品。自2004年以来，公 司深耕高可靠微电路模块领域，为以军工集团下属企业及科研院所为主的客户群体提供自主可控、安全可靠、质量稳定、技术领先的微电路模块产品，并于 去年在创业板递交IPO招股书获受理。 2024年4月份，科凯电子撤回上市申请，深交所决定终止其发行上市审核。 1月26日，思林杰发布公告，宣布终止发行股份及支付现金购买资产并募集配套资金暨关联交易事项，并计划于2026年1月27日召开投资者说明会。 据公告披露，思林杰于2026年1月25日审议通过了《关于终止发行股份及支付现金购买资产并募集配套资金暨关联交易事项并撤回申请文件的议案》等相关 议案，同意终止本次重大资产重组交易，并与交易对方签署相关终止协议，同时撤回申请文件。 ...

Core Viewpoint - The company, Silin Jie (688115.SH), announced the termination of its plan to issue shares and pay cash for asset acquisition, along with the withdrawal of related application documents [1] Group 1: Termination of Asset Acquisition - The company held meetings on January 25, 2026, where it approved the termination of the asset acquisition plan and the withdrawal of application documents [1] - The decision was made after careful consideration and was formalized through the signing of a termination agreement with the transaction counterparties [1] Group 2: Previous Plans for Asset Acquisition - On September 24, 2024, the company had previously approved a plan to acquire a 71% stake in Keke Electronics through a combination of share issuance and cash payment [2] - The plan included raising up to 50 million yuan through the issuance of shares to no more than 35 specific investors, with a share price set at 17.26 yuan per share [2] Group 3: Valuation and Transaction Details - The intended acquisition involved purchasing 71% of Keke Electronics, with a total assessed value of 1.852 billion yuan and an appreciation of 882.36 million yuan, resulting in a 91% increase in value [3] - The final transaction price for the 71% stake was set at 1.3135 billion yuan, with 528.5 million yuan to be paid through share issuance and 785 million yuan in cash [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688115 证券简称：思林杰 公告编号：2026-004 广州思林杰科技股份有限公司关于终止发行 股份及支付现金购买资产并募集配套资金 暨关联交易事项并撤回申请文件的公告 2024年9月24日，公司召开第二届董事会第九次会议、第二届监事会第八次会议，审议通过了《关于 〈广州思林杰科技股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易预案〉及其摘 要的议案》等与本次交易相关的议案，具体内容详见公司于2025年9月25日在上海证券交易所网站 （www.sse.com.cn）披露的《广州思林杰科技股份有限公司发行股份及支付现金购买资产并募集配套资 金暨关联交易预案》及相关公告。 公司于2026年1月25日分别召开第二届董事会第二十六次会议、第二届董事会独立董事第八次专门会 议、第二届董事会战略委员会第四次会议，审议通过了《关于终止发行股份及支付现金购买资产并募集 配套资金暨关联交易事项并撤回申请文件的议案》和《关于公司与交易对方签署相关终止协议的议 案》，同意公司终止发行股份及支付现金购买资产并募集配套资金暨关联交易事项并撤回申请文件，以 及 ...

Core Viewpoint - The A-share merger and acquisition (M&A) market is experiencing significant activity, with numerous companies announcing major asset restructuring plans, driven by supportive policies aimed at promoting industrial resource integration and enhancing new productivity development [2]. Group 1: Recent M&A Announcements - Hunan Gold announced a plan to acquire 100% equity of Huangjin Tianyue and 100% equity of Zhongnan Smelting through a share issuance, with the stock resuming trading on January 26 [2][4]. - Yongjie New Materials plans to purchase 100% equity of Aokening Qinhuangdao and 95% equity of Aokening Kunshan for a cash consideration equivalent to approximately $1.8 billion [6][7]. - Nearly 20 A-share listed companies have disclosed M&A progress since January 15, including notable firms like Longyun Co., Mingyang Smart Energy, and others [2]. Group 2: Details of Hunan Gold's Acquisition - The acquisition involves integrating mining resources and smelting operations, which is expected to enhance resource reserves and profitability [5]. - Hunan Gold anticipates a net profit of 1.27 billion to 1.608 billion yuan for 2025, representing a year-on-year increase of 50% to 90%, primarily due to rising sales prices of gold, antimony, and tungsten products [5]. Group 3: Details of Yongjie New Materials' Acquisition - The acquisition is expected to significantly increase Yongjie New Materials' production capacity and scale effects, as the target companies operate in the same industry [7]. - The preliminary total consideration for the acquisition is set at approximately $1.8 billion, with specific amounts allocated for each target company [6]. Group 4: Other M&A Activities - Other companies such as Longyun Co. and Mingyang Smart Energy are also involved in significant M&A activities, indicating a broader trend of consolidation in various sectors [2][3]. - The M&A activities are seen as a strategic move to enhance competitive positioning and operational efficiency within the respective industries [2].

Mergers and Acquisitions - Yongjie New Materials plans to acquire 100% equity of Aokening Qinhuangdao and 95% equity of Aokening Kunshan from Aokening China for cash, which will significantly enhance production capacity and scale effects [1] - Hunan Gold intends to purchase 100% equity of Golden Tianyue and 100% equity of Zhongnan Smelting through share issuance, with the transaction expected to constitute a major asset restructuring and related party transaction, enhancing gold resource reserves and refining capabilities [2] - Silin Jie has decided to terminate the planned acquisition of Keke Electronics due to changes in market conditions and the complexity of the transaction, applying to withdraw related application documents [3] Shareholding Changes - MediXi's shareholder Lin Changqing plans to reduce his stake by up to 0.6% of the company's total shares, amounting to a maximum of 80,000 shares through trading methods [4] - Shanghai Huguang's shareholder Mingxin Guangchu plans to reduce his stake by up to 3% of the total shares, equivalent to a maximum of 10.1072 million shares [5] - Rijiu Optoelectronics' controlling shareholder Chen Xiaoli has reduced his stake by 8.2746 million shares, representing 2.9440% of the total shares [6] - Chunqiu Electronics' shareholder Shanghai Xinchuo has reduced his stake by 0.74%, amounting to 337.67 thousand shares [7] Significant Events - Jiamei Packaging's stock price surged by 408.11% from December 17, 2025, to January 23, 2026, leading to a suspension for investigation due to significant price fluctuations that diverged from the company's fundamentals [8]

（文章来源：证券日报） 证券日报网讯 1月25日，思林杰发布公告称，公司将于2026年1月27日16：00-17：00在上海证券交易所 上证路演中心以网络文字互动方式召开终止重大资产重组投资者说明会，就终止发行股份及支付现金购 买资产并募集配套资金暨关联交易事项与投资者交流。 ...

最新公告。 目前，上市公司各项业务经营情况正常，本次交易的终止不会对公司的日常经营活动产生重大不利影 响，不会损害公司及全体股东、特别是中小股东利益。未来公司将继续围绕主营业务和既定的战略目标 有序开展各项经营管理工作，完善业务布局，持续提升公司综合竞争力，切实维护广大股东利益。公司 承诺自本公告披露之日起至少一个月内，不再筹划重大资产重组。 日前，思林杰发布了2025年度业绩预告，经公司财务部门初步测算，预计2025年度实现营业收入24000 万元到27000万元，同比增加29.51%到45.70%；预计2025年度实现归属于母公司所有者的净利润与上年 同期（法定披露数据）相比，将出现亏损，实现归属于母公司所有者的净利润-1150万元 到-800万元。 公告显示，本次交易预计构成重大资产重组且构成关联交易。自筹划重大资产重组事项以来，公司严格 按照相关法律法规要求，积极稳步推进本次重大资产重组包括审计和评估在内的各项工作，并按照有关 规定及时履行信息披露义务，并在筹划重大资产重组提示性公告及进展公告中对相关风险进行了充分提 示，同时积极履行信息保密义务，严格控制内幕信息知情人的范围。 对于终止原因，思林杰称 ...