核心商业条款未谈拢，涪陵榨菜：终止收购！

Core Viewpoint - Fuling Zhacai has decided to terminate the acquisition of a 51% stake in Sichuan Weizimei Food Technology Co., Ltd. due to changes in the external environment and failure to reach consensus on key commercial terms with the target company [1][2]. Group 1: Acquisition Decision - The acquisition aimed to expand the product matrix through compound seasonings and leverage Weizimei's resources in the catering channel for complementary benefits [1]. - The decision to terminate the transaction was made after careful research and consideration of the industry environment and the actual situation of the transaction [2]. - The company does not foresee any significant adverse impact on its current operations or strategic development due to the termination of this acquisition [2]. Group 2: Financial Performance - For Q3 2025, the company reported a revenue of 6.86 billion, a year-on-year increase of 4.5%, and a net profit attributable to shareholders of 2.32 billion, up 4.3% year-on-year [2]. - The company's total assets reached 95.15 billion by the end of Q3, reflecting a 1.3% increase from the previous year, while the net assets attributable to shareholders grew by 2.2% to 88.86 billion [3]. - The company’s operating cash flow net amount was 4.47 billion, a decrease of 8.9% year-on-year [2].