突发！呈和科技终止收购……

Core Viewpoint - Chenghe Technology has abruptly terminated its major asset restructuring plan after two months of preparation due to failure to reach consensus on key terms with the involved parties [1][4]. Group 1: Asset Restructuring Details - Chenghe Technology announced plans to acquire at least 51% of Wuhu Yingri Technology Co., Ltd. for a cash consideration, with an estimated total valuation of 1.8 billion yuan for 100% of Yingri Technology [3]. - Yingri Technology specializes in the research, production, and sales of high-performance sputtering targets, which are essential materials in the electronics manufacturing industry, particularly for semiconductor display panels and touch screens [3][4]. - The complexity of Yingri Technology's shareholder structure and differing opinions on future business development plans hindered the agreement on core transaction terms, particularly regarding performance commitments [4][5]. Group 2: Financial Performance - Yingri Technology reported significant revenue growth from 113 million yuan in 2019 to 315 million yuan in 2021, with year-on-year growth rates of 31.05% and 113.42% respectively. Net profit also increased from 12 million yuan to 84 million yuan during the same period, with growth rates of 115.45% and 215.85% [3][8]. - Chenghe Technology has maintained stable revenue growth since its establishment, with projected revenues increasing from 460 million yuan in 2020 to 882 million yuan in 2024, and net profits rising from 117 million yuan to 250 million yuan in the same period [8]. - In the first quarter of 2025, Chenghe Technology reported a revenue of 220 million yuan, reflecting a year-on-year growth of 14.97%, and a net profit of approximately 71.5 million yuan, up 15.82% year-on-year [8]. Group 3: Impact of Termination - The termination of the asset restructuring will not adversely affect Chenghe Technology's business operations, production activities, or financial status, nor will it harm the interests of the company and its shareholders, particularly minority shareholders [8].