000545，终止重大资产重组

Core Viewpoint - Jinpu Titanium Industry has announced the termination of its major asset restructuring plan, which included asset swaps, share issuance, and cash payments for asset purchases, due to increased uncertainty in the current market environment [2][4]. Group 1: Termination of Restructuring - On September 23, Jinpu Titanium Industry's board of directors approved the termination of the major asset swap and related transactions [4]. - The company cited significant uncertainty in continuing the restructuring process as the primary reason for the termination [2][4]. Group 2: Financial Performance - Jinpu Titanium Industry reported a revenue of 921 million yuan for the first half of 2025, a year-on-year decrease of 18.50%, and a net loss of 186 million yuan compared to a loss of 20 million yuan in the same period last year [14]. - The company has faced operational challenges due to high production costs and lack of competitive pricing, leading to a need for strategic transformation [11][14]. Group 3: Previous Restructuring Plans - The initial restructuring plan aimed to acquire a controlling stake in Nanjing Lide Oriental Rubber and Plastic Technology Co., which would have shifted the company's focus from titanium dioxide production to rubber products [6][14]. - The restructuring was expected to significantly change the company's main business and improve asset quality and profitability [14]. Group 4: Market Reaction - Following the announcement of the termination, Jinpu Titanium Industry's stock closed at 3.15 yuan per share, reflecting a decline of 4.83%, with a total market capitalization of 3.109 billion yuan [2].