JHS(SH:603922) Zhong Guo Jing Ji Wang·2025-07-01 08:26Core Viewpoint - Jin Hongshun (603922.SH) announced the termination of its major asset restructuring plan due to the inability to reach a consensus among the parties involved after extensive negotiations and due diligence [3]. Group 1: Announcement and Restructuring Plan - On October 23, 2024, Jin Hongshun disclosed its plan to acquire 95.79% of New Thinking Motor Co., Ltd. through a combination of issuing shares and cash payments, along with raising supporting funds [1]. - The company’s stock was suspended from trading on October 23, 2024, and resumed trading on November 6, 2024, after the board approved the restructuring plan [2]. - The restructuring was deemed significant under the regulations but did not constitute a related party transaction, nor did it change the actual control of Jin Hongshun [1][2]. Group 2: Financial Performance of Target Company - The target company, New Thinking, reported revenues of 465.12 million yuan, 878.92 million yuan, and 975.15 million yuan for the years 2022, 2023, and January-August 2024, respectively [4]. - The net profits for the same periods were -228.64 million yuan, 7.27 million yuan, and 93.18 million yuan, indicating a turnaround in profitability [4]. Group 3: Market Reaction - Following the resumption of trading on November 6, 2024, Jin Hongshun's stock hit the daily limit up for two consecutive trading days [5].