Core Viewpoint - The company, Beifang Changlong, announced the termination of its plan to acquire a 51% stake in Henan Zhongsheng Composite Materials Co., Ltd., leading to a significant drop in its stock price by 11.19% to 80.00 yuan [1][2]. Group 1: Acquisition Details - The company intended to acquire the stake for a total cash consideration of 101.9786 million yuan, with 42 million yuan for equity transfer and 59.9786 million yuan for capital increase [3][4]. - The overall valuation of the target company was set at 140 million yuan, with the final transaction price to be determined by a qualified assessment agency [3][4]. Group 2: Reasons for Termination - The termination was due to changes in market conditions and the target company's operational status, which did not meet the company's requirements for financial internal control [2][3]. - The decision was made after thorough research and discussions with the transaction counterpart, ensuring no breach of obligations by the company or related parties [3]. Group 3: Financial Performance - In 2024, the company reported a revenue of 108 million yuan, a decrease of 20.13% year-on-year, with a net loss of 10.89 million yuan [4]. - For Q1 2025, the company achieved a revenue of 20.569 million yuan, down 16.86% year-on-year, and a net loss of 5.0704 million yuan [5].
连亏股北方长龙终止收购 消息刺激月初股价创历史新高