10月31日晚，因赛集团公告称，公司于2025年10月31日召开第四届董事会第七次会议，审议通过终 止发行股份及支付现金购买资产并募集配套资金事项并撤回申请文件的议案，决定终止本次重大资产重 组事项。 考虑到当前外部环境变化，经交易各方友好协商及与中介机构充分沟通，决定终止本次交易事项并撤回 申请文件。 编辑丨瑜见 截至今日收盘， 因赛集团涨5.22%，报37.07元。 根据公告，公司原 拟以发行股份及支付现金的方式购买刘焱、宁波有智青年投资管理合伙企业（有限 合伙）、黄明胜、韩燕燕及于潜持有的智者同行品牌管理顾问（北京）股份有限公司80%股权并募集 配套资金，本次交易构成重大资产重组。 因赛集团表示， 目前，公司各项业务经营情况正常，本次交易终止不会对公司现有生产经营活动造成 较大不利影响。 ...

Group 1 - The company announced the termination of a major asset restructuring plan, which involved the acquisition of 80% equity in Zhizhetonghang Brand Management Consulting (Beijing) Co., Ltd. [1][3] - The decision to terminate the transaction was made due to changes in the external environment since the initial planning phase, and it was reached after friendly negotiations with all parties involved [3][4]. - The company confirmed that the termination of the transaction would not significantly impact its current business operations [3][4]. Group 2 - For Q3, the company reported a revenue of 204.34 million yuan, a year-on-year decrease of 30.41%, and a net profit attributable to shareholders of 4.15 million yuan, down 74.61% year-on-year [4][5]. - The company's total assets at the end of the reporting period were 1.03 billion yuan, reflecting an 8.30% decrease compared to the previous year [5]. - The company plans to hold an investor briefing on November 7 to discuss the termination of the major asset restructuring [3].

Core Viewpoint - The company has decided to terminate its major asset restructuring plan due to changes in the external environment and will withdraw its application documents [1][3]. Group 1: Termination of Major Asset Restructuring - The company announced on October 31 that it will hold the fourth board meeting on October 31, 2025, to review and approve the termination of the asset restructuring plan [1]. - The restructuring involved acquiring 80% of the shares of Zhizhe Tongxing Brand Management Consulting (Beijing) Co., Ltd. through a combination of issuing shares and cash payments [3]. - The decision to terminate was made after friendly consultations among all parties involved and thorough communication with intermediaries [3]. Group 2: Business Operations and Financial Performance - The company stated that its business operations remain normal and that the termination of the transaction will not significantly impact its current production and operational activities [3]. - For the third quarter, the company reported a revenue of 204.34 million yuan, a year-on-year decrease of 30.41%, and a net profit attributable to shareholders of 4.15 million yuan, down 74.61% year-on-year [4][5]. - The net cash flow from operating activities was negative 51.01 million yuan, reflecting a significant decline of 236.79% [5]. Group 3: Future Communication with Investors - The company plans to hold an investor briefing on November 7 to discuss the termination of the major asset restructuring and communicate with investors [3].

Core Viewpoint - The company has decided to terminate its major asset restructuring plan due to changes in the external environment and to protect the interests of all parties involved [1][3]. Group 1: Termination of Asset Restructuring - The company announced on October 31 that it will hold a board meeting on October 31, 2025, to approve the termination of the asset restructuring plan and withdraw the application documents [1]. - The restructuring involved the acquisition of 80% equity in Zhizhe Tongxing Brand Management Consulting (Beijing) Co., Ltd. through a combination of share issuance and cash payment [3]. - The decision to terminate was made after friendly negotiations among the parties involved and thorough communication with intermediaries [3]. Group 2: Business Operations and Financial Performance - The company stated that its business operations remain normal and that the termination of the transaction will not significantly impact its current production and operational activities [4]. - The company plans to hold an investor briefing on November 7 to discuss the termination of the major asset restructuring [5]. - In the third quarter, the company reported revenue of 204.34 million yuan, a year-on-year decrease of 30.41%, and a net profit attributable to shareholders of 4.15 million yuan, down 74.61% year-on-year [5][6].

智通财经APP讯，因赛集团(300781.SZ)发布公告，公司原拟以发行股份及支付现金的方式购买刘焱、宁 波有智青年投资管理合伙企业(有限合伙)、黄明胜、韩燕燕及于潜持有的智者同行品牌管理顾问(北京) 股份有限公司80%股权并募集配套资金，本次交易构成重大资产重组。 考虑到当前外部环境较本次交易筹划初期发生变化，为切实维护多方利益，经交易各方友好协商及与中 介机构的充分沟通，决定终止本次交易事项并撤回申请文件。 ...

Macro Dynamics - In September, the bond market issued a total of 81,027.8 billion yuan in various bonds, including 14,904.9 billion yuan in government bonds, 8,519.1 billion yuan in local government bonds, 11,741.0 billion yuan in financial bonds, 13,407.3 billion yuan in corporate credit bonds, 365.7 billion yuan in credit asset-backed securities, and 31,627.8 billion yuan in interbank certificates of deposit [2] - In September, China's foreign exchange market had a total transaction volume of 26.87 trillion yuan (approximately 3.78 trillion USD), with the interbank market accounting for 22.44 trillion yuan (approximately 3.16 trillion USD) [3] - In the first three quarters, the revenue of large-scale internet and related service enterprises in China reached 14,420 billion yuan, showing a year-on-year growth of 2.8% [4][5] Financial Institutions - China Taiping announced the sale of minority stakes in four companies for a total consideration of 6.5 billion yuan [8] - Hangzhou Bank received approval to issue capital instruments not exceeding 40 billion yuan [9] Market Data - On October 31, A-shares saw a collective decline, with the Shanghai Composite Index down 0.81%, the Shenzhen Component down 1.14%, and the ChiNext Index down 2.31% [11] - The financing balance in the two markets decreased by 7.392 billion yuan, with the Shanghai Stock Exchange reporting a balance of 12,535.78 billion yuan and the Shenzhen Stock Exchange reporting 12,196.92 billion yuan [12] Company Dynamics - China National Petroleum Corporation announced the resignation of Zhou Song as the chairman of the supervisory board [14] - InSai Group decided to terminate a major asset restructuring plan due to changes in the external environment [15] - Tianqi Co., Ltd. signed a strategic cooperation framework agreement with Foxconn Automotive to deploy at least 2,000 embodied intelligent robots over the next five years [17] - Li Auto announced a recall of 11,411 units of the MEGA 2024 electric vehicle due to potential safety hazards [18] - Qingyue Technology is under investigation by the China Securities Regulatory Commission for suspected false financial reporting [19]

格隆汇10月31日丨因赛集团(300781.SZ)公布，公司原拟以发行股份及支付现金的方式购买刘焱、宁波 有智青年投资管理合伙企业（有限合伙）、黄明胜、韩燕燕及于潜持有的智者同行品牌管理顾问（北 京）股份有限公司80%股权并募集配套资金，本次交易构成重大资产重组。考虑到当前外部环境较本次 交易筹划初期发生变化，为切实维护多方利益，经交易各方友好协商及与中介机构的充分沟通，决定终 止本次交易事项并撤回申请文件。 ...

Group 1 - The core point of the article is that InSai Group announced the termination of its plan to issue shares and pay cash for asset acquisition, along with the withdrawal of related application documents during a board meeting held on October 31, 2025 [1] - InSai Group's revenue composition for the year 2024 is heavily reliant on the advertising industry, which accounts for 99.91% of total revenue, while other businesses contribute only 0.09% [1] - As of the report date, InSai Group has a market capitalization of 6.1 billion yuan [2]

Core Viewpoint - The company has decided to terminate its significant asset restructuring plan to acquire 80% of Zhizhe Tongxing Brand Management Consulting (Beijing) Co., Ltd. due to changes in the external environment since the initial planning stage [1] Group 1 - The company initially planned to acquire the stake through a combination of issuing shares and cash payment [1] - The transaction was intended to raise matching funds alongside the acquisition [1] - The decision to withdraw the application documents indicates a strategic shift in response to external market conditions [1]

Core Viewpoint - The company has decided to terminate its major asset restructuring plan, which involved acquiring an 80% stake in Wisdom Companion Brand Management Consulting (Beijing) Co., Ltd, due to changes in the external environment and after discussions with all parties involved [1] Group 1 - The fourth meeting of the fourth board of directors is scheduled for October 31, 2025, to review and approve the termination of the asset acquisition and fundraising plan [1] - The company will withdraw its application documents related to the terminated transaction [1] - The decision to terminate the transaction was made after friendly negotiations among the parties involved and thorough communication with intermediary institutions [1]