Bangyan Technology (SH:688132) Zhong Guo Ji Jin Bao·2025-05-25 11:05Group 1 - The company plans to terminate the acquisition of 100% equity in Xingwang Xintong after six months of planning [2] - The board of directors approved the termination of the asset restructuring and acquisition on May 25, 2025, due to a lack of consensus among transaction parties [6] - The company has shifted from profit to loss in 2023, with ongoing losses since then [7] Group 2 - The company focuses on information communication and security, with major revenue from the military industry, and aims to diversify by developing civilian products [9] - The acquisition of Xingwang Xintong was intended to create a second growth curve for the company, which provides integrated communication solutions to financial institutions and large enterprises [9] - As of May 23, the company's stock price was 21.32 yuan, with a market capitalization of 3.25 billion yuan [9]