Leascend(SZ:300051) Zhong Guo Jing Ji Wang·2025-10-15 03:08Core Viewpoint - Liansheng Technology (300051.SZ) announced the termination of its plan to issue shares and pay cash for asset acquisition and related fundraising, following a board meeting on October 14, 2025 [1][2]. Group 1: Transaction Details - The company intended to acquire 69.71% of Xingshu Century Technology from 38 counterparties, including Ziyang Jinma Industrial Investment Co., Ltd. and Fuzhou Digital New Infrastructure Industry Investment Partnership [1]. - The transaction was expected to constitute a major asset restructuring but not a restructuring listing, and it involved related party transactions due to the connections between the company and Hainan Liansheng Technology Co., Ltd., its controlling shareholder [2]. Group 2: Financial Performance - Liansheng Technology has reported losses for seven and a half consecutive years, with net profits attributable to shareholders from 2018 to the first half of 2025 being -346 million, -257 million, -69 million, -25 million, -32 million, -40 million, -110 million, and -50 million respectively [2]. - The company's stock was suspended from trading on April 7, 2025, and resumed on April 21, 2025, with a significant price increase of 19.94% on the first day of trading after resumption, closing at 7.46 yuan [2]. Group 3: Earnings and Revenue Metrics - The company reported a total revenue of 500.6 million yuan for the year ending December 31, 2024, which is a 35.90% increase compared to the previous year [3]. - The net profit attributable to shareholders for the same period was -50.16 million yuan, reflecting an 18.24% decrease from the previous year [3]. - The company’s basic earnings per share for the year ending December 31, 2024, was -0.30 yuan, with a diluted earnings per share also at -0.30 yuan [3].