Group 1 - The core point of the article is that Guangzhi Technology has decided to terminate the acquisition of 100% of Xian Dao Electronics Technology Co., Ltd. and the related fundraising, which has attracted significant market attention due to the scale of the acquisition [1][2] - Guangzhi Technology's stock price experienced a significant increase, reaching a peak of 115.55 CNY per share in October 2023, with an overall increase of over 100% since the announcement of the restructuring plan in September 2023 [2] - The termination of the acquisition was attributed to changes in the external environment and disagreements on certain commercial terms with some transaction parties, leading the company to prioritize the long-term interests of its shareholders [2] Group 2 - Guangzhi Technology reported a revenue of 1.455 billion CNY in 2024, representing a year-on-year growth of 43.82%, while the net profit attributable to shareholders was 12.26 million CNY, marking a return to profitability [3] - The company has faced challenges in recent years, with non-recurring net profits being negative for three consecutive years, indicating ongoing operational difficulties [3] - Future plans include becoming a leading provider of comprehensive infrared solutions in China, focusing on extending the industrial chain and expanding market share in mature material products [3]

Group 1 - The company announced the termination of its plan to issue shares and pay cash to acquire assets and raise matching funds, which was initially aimed at purchasing 100% of the shares of a target company, Xian Dao Electronics Technology Co., Ltd. [1][3] - The decision to terminate the restructuring was made after careful consideration due to changes in the external environment and disagreements on certain commercial terms with some transaction parties [3] - The company emphasized that its production and operations remain normal, and it will continue to seek development opportunities in the future while maintaining shareholder interests [3] Group 2 - Following the announcement of the acquisition plan in October 2023, the company's stock experienced a continuous rise, hitting the limit up for eight consecutive trading days [3][4] - The target company, Xian Dao Electronics, is valued at over 20 billion, while the company's total market capitalization was approximately 3.136 billion as of September 27, 2024 [4]

Core Viewpoint - The acquisition of Xian Dao Electric Science by Guangzhi Technology has been terminated due to disagreements on certain commercial terms, marking the end of a highly anticipated merger in the market [1][12][16]. Group 1: Acquisition Details - Guangzhi Technology announced plans to acquire a 100% stake in Xian Dao Electric Science, which was valued at 20 billion yuan, while Guangzhi's market capitalization was only around 3 billion yuan [13]. - The acquisition was initially seen as a significant move following the implementation of new merger regulations by the China Securities Regulatory Commission [13]. - The deal faced challenges, including delays in auditing and due diligence, which were cited as reasons for the termination [14][16]. Group 2: Market Reaction - Following the announcement of the acquisition plan, Guangzhi Technology's stock price surged over 100%, reaching a peak of 115.55 yuan per share [17][18]. - As of June 27, 2025, the stock price settled at 47.28 yuan, giving the company a market capitalization of approximately 6.5 billion yuan [18]. Group 3: Financial Performance - Guangzhi Technology reported a revenue of 1.455 billion yuan in 2024, a year-on-year increase of 43.82% [20]. - The company achieved a net profit of 12.26 million yuan, marking a turnaround from previous losses, although the net profit excluding non-recurring items remained negative at -37.16 million yuan [20]. - The total assets of the company increased by 21.93% year-on-year, reaching approximately 4.069 billion yuan by the end of 2024 [21].

Core Viewpoint - The acquisition attempt by Guangzhi Technology to purchase 100% of XianDao Electronics has been officially terminated due to disagreements on certain commercial terms, marking the end of a highly anticipated merger [1][2][15]. Group 1: Acquisition Details - Guangzhi Technology announced the termination of the acquisition on June 27, 2025, after a prolonged negotiation period [1][17]. - The acquisition was initially seen as a significant move, with Guangzhi's market value at over 3 billion yuan and XianDao's valuation at approximately 20 billion yuan, representing a "snake swallowing an elephant" scenario [16]. - The merger was intended to enhance Guangzhi's business scope and upgrade its main operations, aligning with both companies' focus on high-purity rare earth elements and related materials [14][21]. Group 2: Market Reaction and Financial Performance - Following the announcement of the merger plan, Guangzhi Technology's stock price surged over 100%, reaching a peak of 115.55 yuan per share in October 2024 [19]. - As of June 27, 2025, the stock price settled at 47.28 yuan, with a total market capitalization of approximately 6.5 billion yuan [19]. - The company has faced financial challenges, with a net profit of 12.26 million yuan in 2024, recovering from previous losses, but still reporting a negative net profit of 37.16 million yuan when excluding non-recurring items [20].

光智科技（300489）公告，公司决定终止发行股份及支付现金购买先导电科100%股份并募集配套资金 的关联交易事项。公司与部分交易对方未能就商业条款达成一致意见，且重组事项历时较长，外部环境 发生变化。终止重组事项不影响公司正常生产经营，公司承诺自公告披露后一个月内不再筹划重大资产 重组事项。 ...

证券代码：300489 证券简称：光智科技 公告编号：2025-055 光智科技股份有限公司 关于终止发行股份及支付现金购买资产并募集配套资金 暨关联交易事项的公告 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。 光智科技股份有限公司（以下简称"公司"或"上市公司"）于2025年6月 27日分别召开第五届董事会第二十七次会议和第五届监事会第二十三次会议， 审议通过了《关于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 联交易事项的议案》，同意公司终止本次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。现将有关情况公告如下： 一、本次交易基本情况 公司拟通过发行股份及支付现金的方式购买广东先导稀材股份有限公司（ 以下简称"先导稀材"）等先导电子科技股份有限公司（以下简称"先导电科" 或"标的公司"）全体55名股东（以下简称"交易对方"）合计持有的先导电 科100%股份，同时拟向不超过35名特定投资者发行股票募集配套资金（以下简 称"本次交易"或"本次重组"）。 本次发行股份及支付现金购买资产的交易对方之一先导稀材为上市公司实 际控制人朱世会先生控 ...

光智科技股份有限公司 证券代码：300489 证券简称：光智科技 公告编号：2025-053 第五届董事会第二十七次会议决议公告 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 1.光智科技股份有限公司（以下简称"公司"）第五届董事会第二十七次 会议经第五届董事会全体董事同意豁免会议通知时间要求，会议通知已于2025 年6月26日以电子邮件的形式送达各位董事。 2.会议于2025年6月27日以现场和通讯相结合的方式在公司会议室召开。 （一）审议通过了《关于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的议案》 公司拟通过发行股份及支付现金的方式购买广东先导稀材股份有限公司等 先导电子科技股份有限公司（以下简称"先导电科"）全体55名股东合计持有 的先导电科100%股份，同时拟向不超过35名特定投资者发行股票募集配套资金 （以下简称"本次交易""本次重组"）。 自筹划本次交易以来，公司严格按照相关法律法规及规范性文件要求，积 极组织交易各相关方推进本次重组工作。但鉴于本次重组事项自筹划以来已历 时较长，外部环境较本次重组 ...

光智科技股份有限公司（以下简称"公司"）于 2025 年 6 月 27 日分别召开第 五届董事会第二十七次会议和第五届监事会第二十三次会议，审议通过了《关于公司 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的议案》，同意公 司终止本次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（以下简 称"本次交易"）。具体内容详见公司同日在巨潮资讯网（http://www.cninfo.com.cn） 披露的《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的 公告》（公告编号：2025-055）。 为加强与投资者的沟通和交流，根据深圳证券交易所的相关规定，公司决定于 2025 年 7 月 1 日（星期二）15:00-16:00 举办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投资者说明会（以下简称"说明会"），就终止本 次交易的相关情况与投资者进行互动交流和沟通。说明会具体安排如下： 一、说明会召开的时间、地点和方式 证券代码：300489 证券简称：光智科技 公告编号：2025-056 光智科技股份有限公司 关于召开终止发行股份及支付现金购买资产并募集配套资金 ...

光智科技股份有限公司 第五届监事会第二十三次会议决议公告 一、会议召开情况 证券代码：300489 证券简称：光智科技 公告编号：2025-054 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 1.光智科技股份有限公司（以下简称"公司"）第五届监事会第二十三次会议经第 五届监事会全体监事同意豁免会议通知时间要求，会议通知已于 2025 年 6 月 26 日以电 子邮件的形式送达各位监事。 2.会议于 2025 年 6 月 27 日以通讯方式在公司会议室召开。 3.本次会议应参与表决监事 3 名，实际参与表决监事 3 名。其中肖溢、彭伟校、龚 晓宇以通讯表决方式出席会议。 4.会议由监事会主席肖溢女士主持。 5.本次会议的召开和表决程序符合《中华人民共和国公司法》等法律法规和《公司 章程》的有关规定。 二、会议审议情况 （一）审议通过了《关于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 关联交易事项的议案》 重组事项。经审慎审议，公司监事会同意终止本次重组事项。本次重组终止事项不存在 公司及相关方需承担相关违约责任的情形。 具体内容详见公司同日刊载于中国 ...

关于重大资产重组的进展公告 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。 特别提示： 证券代码：300489 证券简称：光智科技 公告编号：2025-052 光智科技股份有限公司 截至本公告披露之日，公司未直接或间接持有标的公司股份。本次交易完成 后，先导电科将成为公司的全资子公司，公司将合法拥有标的资产，能实际控制 标的公司的生产经营。本次交易构成重大资产重组但不构成重组上市。 二、本次交易的进展情况 2024 年 10 月 11 日，公司召开了第五届董事会第十七次会议、第五届监事 会第十四次会议，审议通过了《关于〈光智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 关的议案并履行了相关信息披露程序。具体内容详见 2024 年 10 月 14 日公司在 巨潮资讯网（http://www.cninfo.com.cn）披露的相关公告。经向深圳证券交易所 申请，公司股票于 2024 年 10 月 14 日（星期一）开市起复牌。 1、光智科技股份有限公司（以下简称"公司"）于 2024 年 10 月 14 ...