AVCON(SZ:300074) Zhong Guo Jing Ji Wang·2025-10-28 06:12Core Viewpoint - Huaping Co., Ltd. (300074.SZ) has announced the termination of its plan to issue shares to specific investors due to the failure to extend the validity of the shareholders' resolution [1][2]. Group 1: Share Issuance Details - The company planned to issue shares to its controlling shareholder, Zhihui Technology, at a price of 2.88 CNY per share, which is 80% of the average trading price over the previous 20 trading days [2]. - The total number of shares to be issued was not to exceed 76,388,888 shares, representing up to 30% of the company's total share capital prior to the issuance [2]. - The funds raised from this issuance were intended to be used for replenishing working capital and repaying bank loans, with a total amount not exceeding 22 million CNY [2]. Group 2: Company Financial Performance - As of the announcement date, the total share capital of the company was 531,020,900 shares, with the actual controlling shareholder holding 15.64% of the total shares [3]. - The company reported a net profit attributable to shareholders of -10.79 million CNY for the third quarter of 2025, marking a 301.86% decrease year-on-year [4]. - For the first three quarters of 2025, the net profit attributable to shareholders was -47.52 million CNY, with a decrease of 19.65% compared to the same period last year [4]. - The company has experienced continuous losses in its net profit excluding non-recurring gains and losses from 2021 to 2024, with figures of -18.84 million CNY, -110.5 million CNY, -9.59 million CNY, and -95.4 million CNY respectively [4].