中核科技终止筹划重大资产重组，系市场环境及标的公司有变

Core Viewpoint - China Nuclear Technology announced the termination of the transaction to acquire 98.87% of Xi'an China Nuclear Instrument Co., Ltd. due to changes in market conditions and the actual situation of the target company [1][6][10] Group 1: Transaction Details - The planned transaction was expected to constitute a major asset restructuring and related party transaction, aligning with the industry's trend of enhancing competitiveness through mergers and acquisitions [1][6] - The transaction was part of China Nuclear Group's strategy to inject quality assets into its listed companies, with both China Nuclear Technology and Xi'an China Nuclear Instrument being controlled by China Nuclear Group [1][5] - The transaction involved multiple parties, including China Nuclear Power Engineering Co., Ltd. and various investment funds, all under the control of China Nuclear Group [3][5] Group 2: Financial Data - As of September 30, 2024, China Nuclear Technology reported total assets of 2.663 billion yuan and net assets of 1.491 billion yuan [2] - The company's revenue for 2022, 2023, and the first three quarters of 2024 were 1.149 billion yuan, 1.324 billion yuan, and 663 million yuan, respectively, with net profits of 177 million yuan, 164 million yuan, and 81.6 million yuan [1][2] - The total liabilities as of September 30, 2024, were 1.172 billion yuan, with total equity of 1.491 billion yuan [2] Group 3: Strategic Implications - The termination of the transaction is seen as a setback for China Nuclear Technology, which aimed to enhance its strength and core competitiveness in the nuclear equipment manufacturing sector [6][7] - Xi'an China Nuclear Instrument is recognized as a key supplier in the nuclear industry, specializing in radiation monitoring systems and other safety systems, indicating its strong market position [6] - The company had anticipated that the transaction would improve its profitability and investment value, aligning with industry development trends [7]