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首次重大资产重组,告吹!

Core Viewpoint - Tengjing Technology (688195) has decided to terminate its plan to acquire Shenzhen Xuntech Communication Technology Co., Ltd. and raise matching funds due to changes in the market environment and difficulties in reaching an agreement among the parties involved [2][3]. Group 1: Acquisition Details - In February, the company announced its intention to acquire control of Xuntech Communication through a combination of issuing shares and cash payments, which was expected to constitute a significant asset restructuring [2]. - The updated acquisition plan aimed to purchase 100% of Xuntech Communication's shares, but the latest announcement indicates that the transaction will not proceed [3]. - This acquisition was the first major asset restructuring since Tengjing Technology's listing in 2021 [4]. Group 2: Company Background - Xuntech Communication, established in 2008, is a national high-tech enterprise focused on the research and manufacturing of optical interconnection products, providing solutions for AI computing centers, cloud computing centers, 5G, and telecommunications networks [4]. - Tengjing Technology specializes in the research, production, and sales of various precision optical components and fiber optic devices, primarily serving the optical communication and fiber laser sectors [5]. Group 3: Financial Performance - Tengjing Technology's financial performance has been stable since its listing, with revenues of 303 million, 344 million, 340 million, and 446 million yuan from 2021 to 2024, and net profits of 52 million, 58 million, 41 million, and 70 million yuan during the same period [6]. - The company attributes its revenue growth in 2024 to a focus on optical and optoelectronic core businesses, optimization of business and product structures, and increased operational efficiency, while also capitalizing on the growing demand for high-speed optical communication components driven by AI computing [6].