SGSG(SZ:300561) Zhong Guo Jing Ji Wang·2025-08-28 06:35Core Viewpoint - *ST Huike has announced the termination of its 2023 annual private placement of shares due to regulatory disapproval from the local state-owned assets supervision authority [1][3]. Group 1: Termination of Share Issuance - The company received a notice from Zibo Guotou on August 21, 2025, indicating the formal cancellation of the share transfer framework agreement and related agreements [2]. - The termination is a result of the Zibo municipal state-owned assets supervision authority's disapproval of Zibo Guotou's acquisition and subscription of shares [1][3]. - The planned private placement aimed to raise approximately RMB 360 million, intended for supplementing working capital [3][4]. Group 2: Financial Performance - In the first half of 2025, the company reported revenue of RMB 48.25 million, a year-on-year increase of 5.49% [6]. - The net profit attributable to shareholders was RMB 3.66 million, reflecting a significant year-on-year growth of 210.89% [6]. - The net profit after excluding non-recurring gains and losses was RMB 3.26 million, up 193.49% compared to the previous year [6].