Core Viewpoint - Jiangsu Huayang Intelligent Equipment Co., Ltd. has terminated its major asset restructuring plan to acquire at least 51% of Guizhou Quanan Miling Technology Co., Ltd. due to a lack of agreement on the final transaction scheme [2][3]. Group 1: Termination of Restructuring - The restructuring plan was initially seen as a significant move to expand the company's business footprint but was terminated just three months after its announcement [3]. - On April 11, the company announced the termination after thorough research and friendly negotiations with the relevant parties, signing a termination agreement [3]. - Prior to the termination announcement, the company indicated that the transaction was still in the planning stage and had not yet signed a formal agreement [3]. Group 2: Financial Performance - For the first three quarters of 2024, the company reported a revenue increase of 1.58% year-on-year, but its net profit attributable to shareholders decreased by 47.6% [2][5]. - In the first half of 2024, the company achieved a revenue of 278 million yuan, a year-on-year growth of 3.99%, while the net profit dropped by 39.94% [5]. - In 2023, the company reported a revenue of 476 million yuan, with a year-on-year growth of 2.7%, and a net profit of 65 million yuan, up by 2.92% [5]. Group 3: Business Overview - The company's main business is the research, production, and sales of micro-special motors and components, primarily serving leading home appliance manufacturers [4][6]. - In 2023, the micro-special motor and component business accounted for 80.4% of the company's total revenue, making it a pillar of the business [6]. - The company has also been expanding into other areas, including medical devices and industrial control chips, leveraging its expertise in micro-special motors [7].
未能就交易最终方案达成一致 华阳智能重大资产重组“告吹”