Core Viewpoint - Binhai Energy has announced the termination of its major asset restructuring plan to acquire 100% equity of Cangzhou Xuyang Chemical due to changes in market conditions and failure to reach consensus on commercial terms with the parties involved [2][4][6]. Group 1: Termination of Major Asset Restructuring - The company planned to acquire Cangzhou Xuyang Chemical through a share issuance and raise matching funds from up to 35 qualified investors [4]. - The termination decision was made after extensive discussions and negotiations, with no party incurring any breach of contract liabilities [6]. - The restructuring plan had been in progress for over six months before the announcement of its termination [6]. Group 2: Company Performance and Market Conditions - Binhai Energy primarily engages in the research, production, and sales of lithium battery anode materials, but is facing continuous pressure on profitability due to intensified competition in the lithium industry [8]. - The company's net profit has significantly declined in the first three quarters of the year, indicating unstable performance over time [9]. - As of November 14, the company's stock price was reported at 14.51 yuan per share, with a total market capitalization of 3.2 billion yuan [13]. Group 3: Strategic Implications of Termination - The acquisition of Cangzhou Xuyang was intended to diversify Binhai Energy's business into nylon new materials, enhancing its growth trajectory and competitive edge [11]. - With the termination of the transaction, the company's strategic development plans are now in jeopardy [12]. - Despite the setback, the company asserts that its operations remain normal and is focusing on expanding its market for anode materials and advancing ongoing projects [12].

公告显示，滨海能源原拟通过发行股份方式购买旭阳集团有限公司、邢台旭阳煤化工有限公司、深创投 制造业转型升级新材料基金（有限合伙）、农银金融资产投资有限公司合计持有的沧州旭阳化工有限公 司100%股权，并拟向不超过35名符合条件的特定投资者非公开发行股份募集配套资金。 北京商报讯（记者 马换换 李佳雪）11月15日，滨海能源（000695）披露公告称，公司终止重大资产重 组。 滨海能源表示，由于市场环境较本次交易筹划初期发生了变化，交易各方在对本次交易进行协商和谈判 后，对相关商业条款未能达成一致，经公司研究及与交易各方协商，同意终止本次交易事项，并授权管 理层办理终止本次交易相关事宜。此外，目前，公司各项经营情况正常，正在积极推动负极材料的市场 开拓、20万吨负极材料一体化项目一期及配套源网荷储绿电项目一期建设、新型负极材料研发等经营工 作，努力持续提升经营业绩。 ...

这家公司，突然宣布终止重大资产重组。 综合自人民财讯 责编：梁秋燕 自交易预案披露以来，公司及交易相关方积极推进此次交易的相关工作，由于市场环境较交易筹划初期发生了变化，交易各方对相关商业条款未 能达成一致，公司充分审慎研究及与交易各方协商，同意终止此次交易事项。 该股近日股价走高，曾收获两个涨停板，11月以来累计涨幅超30%。 滨海能源（000695）11月14日晚间公告，公司原拟通过发行股份方式购买沧州旭阳化工有限公司100%股权，并拟募集配套资金，此次交易预计 构成重大资产重组。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000695证券简称：滨海能源公告编号：2025-078 天津滨海能源发展股份有限公司 第十一届董事会第二十五次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、董事会会议召开情况 天津滨海能源发展股份有限公司（以下简称"公司"）第十一届董事会第二十五次会议通知于2025年11月 10日以电子邮件方式发出，会议于2025年11月14日以通讯表决方式召开。公司共有董事9名，实际参加 会议董事9名。会议由董事长张英伟主持，公司高级管理人员列席了会议。此次会议的召集、召开与表 决程序符合《中华人民共和国公司法》等法律法规和《天津滨海能源发展股份有限公司章程》的规定。 二、董事会会议审议情况 （一）审议《关于终止公司发行股份购买资产并募集配套资金暨关联交易的议案》 会议以5票同意、0票反对、0票弃权，审议通过。 同意终止公司通过发行股份方式购买旭阳集团有限公司、邢台旭阳煤化工有限公司、深创投制造业转型 升级新材料基金（有限合伙）、农银金融资产投资有限公司合计持有的沧州旭阳化工有限公司100%股 ...

Core Viewpoint - Binhai Energy has announced the termination of its plan to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd. through a share issuance and related fundraising due to changes in market conditions and failure to reach consensus on commercial terms with transaction parties [1][3]. Group 1: Termination of Acquisition - The company held a board meeting on November 14, where it approved the termination of the asset acquisition and fundraising plan [1][3]. - The initial announcement regarding the acquisition was made on April 30, 2025, with subsequent meetings and disclosures leading up to the termination [3]. Group 2: Financial Performance - For the first three quarters of 2025, Binhai Energy reported a revenue of 374 million yuan, a year-on-year increase of 2.03%, while the net profit attributable to shareholders was a loss of approximately 49.44 million yuan [4][5]. - In Q3 2025, the company achieved a revenue of 139 million yuan, reflecting a 14% year-on-year growth, but still reported a net loss of about 12.33 million yuan [4][5]. Group 3: Current Operations and Market Position - Binhai Energy is actively engaged in the research, production, and sales of lithium battery anode materials, with ongoing projects aimed at market expansion and product development [4]. - The termination of the acquisition is not expected to adversely affect the company's existing operations or strategic development [4]. Group 4: Stock Performance - The company's stock has shown strong performance recently, with an increase of nearly 30% in the week leading up to November 14, closing at 14.51 yuan per share, resulting in a total market capitalization of 3.223 billion yuan [6].

Core Viewpoint - Binhai Energy (000695) announced the termination of its plan to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd. through a share issuance and to raise matching funds from specific investors due to changes in market conditions and failure to reach consensus on commercial terms with transaction parties [1][3]. Group 1: Termination of Acquisition - The company held its 25th meeting of the 11th Board of Directors on November 14, where it approved the termination of the acquisition of Cangzhou Xuyang Chemical Co., Ltd. [1][3]. - The initial plan for the acquisition was announced on April 30, 2025, with a subsequent board meeting on May 16, 2025, approving the related proposals [3]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 374.5 million yuan, a year-on-year increase of 2.03%, while the net profit attributable to shareholders was a loss of 49.4 million yuan [4][5]. - In the third quarter of 2025, the revenue was 139 million yuan, reflecting a 14% year-on-year increase, but the net profit attributable to shareholders was a loss of 12.3 million yuan [4][5]. Group 3: Market Position and Stock Performance - Binhai Energy is actively engaged in the research, production, and sales of lithium battery anode materials, with ongoing projects aimed at enhancing operational performance [4]. - The company's stock has shown strong performance recently, with an increase of nearly 30% in the week leading up to November 14, closing at 14.51 yuan per share, resulting in a total market capitalization of 3.22 billion yuan [6].

Core Viewpoint - Binhai Energy has announced the termination of its plan to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd. through a share issuance and related fundraising due to changes in market conditions and failure to reach consensus on commercial terms with transaction parties [1][4]. Group 1: Termination of Acquisition - The company held a board meeting on November 14, where it approved the termination of the asset acquisition and fundraising plan [1]. - The initial announcement regarding the acquisition was made on April 30, 2025, with subsequent meetings and disclosures leading up to the termination [4]. - The decision to terminate was made after careful consideration and negotiations, aiming to protect the interests of the company and its shareholders [4]. Group 2: Business Operations and Financial Performance - Binhai Energy's main business focuses on the research, production, and sales of lithium battery anode materials, with ongoing efforts to expand market reach and develop new materials [5]. - The company reported a revenue of 374.75 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of 2.03%, while the net profit attributable to shareholders was a loss of 49.44 million yuan [5][6]. - In Q3 2025, the revenue was 139 million yuan, showing a 14% increase year-on-year, but the net profit attributable to shareholders was still a loss of 12.33 million yuan [5][6]. - The termination of the acquisition is not expected to significantly impact the company's existing operations or strategic development [5].

Core Viewpoint - Binhai Energy has terminated its major restructuring plan aimed at acquiring 100% of Cangzhou Xuyang Chemical Co., which was intended to alleviate profitability pressures in its lithium battery anode materials business and establish a dual business model of "anode materials + nylon new materials" [4][12][14]. Group 1: Restructuring Plan Overview - The restructuring plan was initiated on April 30, 2025, with the intention to issue shares to acquire Cangzhou Xuyang and raise supporting funds [9]. - The board of Binhai Energy approved the termination of the asset purchase and fundraising plan on November 14, 2025, after six months of progress updates [6][10]. - The termination of the transaction also halts the planned change in the controlling shareholder from Xuyang Holdings to Xuyang Group [4][10]. Group 2: Reasons for Termination - The termination was attributed to changes in the market environment since the initial planning phase, leading to a lack of consensus on commercial terms among the parties involved [12][14]. - Binhai Energy emphasized that the decision to terminate was made after thorough communication and analysis, ensuring no party would incur breach of contract liabilities [14]. Group 3: Business Context and Future Outlook - Binhai Energy's main business, focused on lithium battery anode materials, has faced increasing competition, resulting in sustained pressure on profitability despite rising revenue [13][14]. - The acquisition of Cangzhou Xuyang was seen as a potential solution to enhance the company's product offerings and create a second growth curve through the integration of high-quality chemical new materials [14]. - Following the termination, Binhai Energy reassured that its current operations remain stable and that it will continue to pursue market expansion and development projects in anode materials [15].

Core Viewpoint - Binhai Energy's major restructuring plan has been terminated after six months of efforts, impacting its strategy to alleviate profitability pressures in its main business of lithium battery anode materials and to establish a dual business model of "anode materials + nylon new materials" [2][8]. Group 1: Restructuring Plan Details - On November 14, Binhai Energy's board approved the termination of the plan to issue shares for the acquisition of 100% equity in Cangzhou Xuyang Chemical Co., which would have changed its controlling shareholder from Xuyang Holdings to Xuyang Group [2][3]. - The restructuring process began with a suspension announcement on April 30, 2025, followed by a series of board meetings and disclosures, culminating in the termination announcement after six months without substantial progress [5][6]. Group 2: Reasons for Termination - The termination was attributed to changes in the market environment since the initial planning phase, leading to a failure to reach consensus on commercial terms among the parties involved [7]. - Binhai Energy's motivation for the acquisition was to address profitability pressures in its core business, which has been facing increased competition despite rising revenue [7][8]. Group 3: Future Outlook - Following the termination, Binhai Energy stated that its current operations remain normal and that the decision will not significantly impact its existing production and strategic development [9]. - The company is focusing on expanding its market for anode materials and advancing projects related to integrated anode material production and new material research [9].

Core Viewpoint - Binhai Energy has officially terminated its major restructuring plan aimed at acquiring 100% of Cangzhou Xuyang Chemical Co., which was intended to alleviate profitability pressures in its lithium battery anode materials business and establish a dual business model of "anode materials + nylon new materials" [2][10]. Group 1: Restructuring Plan Details - On November 14, Binhai Energy's board approved the termination of the proposal to issue shares for asset acquisition and related fundraising [2][3]. - The restructuring process began on April 30, 2025, with the company announcing plans to acquire Cangzhou Xuyang and raise funds through a private placement [7]. - The acquisition was expected to significantly alter Binhai Energy's shareholder structure, changing the controlling shareholder from Xuyang Holdings to Xuyang Group, although the actual controller would remain the same [8]. Group 2: Reasons for Termination - The termination was attributed to changes in the market environment and the inability of the parties involved to reach an agreement on commercial terms [9]. - Binhai Energy's motivation for the acquisition stemmed from ongoing profitability pressures in its main business of lithium battery anode materials, which has faced increased competition [9][10]. Group 3: Future Outlook - Despite the termination of the restructuring, Binhai Energy stated that its current operations remain normal and will not be significantly adversely affected [11]. - The company is focusing on expanding its anode materials market, developing a 200,000-ton integrated anode materials project, and researching new anode materials [11].