Zheng Quan Ri Bao Wang·2025-09-05 12:39Group 1 - The company announced the termination of the plan to issue shares and pay cash for the acquisition of 100% equity in Xuyang Hydrogen Energy due to a lack of agreement on the transaction scheme [1] - The termination of the transaction is not expected to have a substantial negative impact on the company's existing operations and long-term development strategy [1] - The company has a strong foundation in the hydrogen fuel cell sector, having participated in significant national and local projects, and has established a solid cooperative ecosystem in commercial vehicle applications [2] Group 2 - Since 2025, the company has been actively launching new products, expanding internationally, and collaborating within the industry chain to strengthen its core business advantages [2] - The company has successfully exported hydrogen fuel cell engines to Australia and has signed strategic cooperation agreements to explore new application models for hydrogen heavy trucks [2] - Analysts suggest that the termination of the acquisition does not indicate a retreat from the strategy of industry chain integration, but rather a rational adjustment based on transaction cost-effectiveness and the company's development pace [3]