已推进8个月 关键条款未协商一致 至纯科技终止收购威顿晶磷

Core Viewpoint - The acquisition plan by Zhichun Technology aimed at enhancing its semiconductor industry layout has been officially terminated after 8 months of planning due to failure to reach consensus on key transaction terms and changes in market conditions [2][3][6] Group 1: Acquisition Details - Zhichun Technology announced the termination of the acquisition of 83.7775% of Guizhou Weidun Crystal Phosphorus Electronic Materials Co., Ltd. on October 30, 2025 [2][4] - The acquisition was first disclosed on February 17, 2025, and involved a combination of share issuance and cash payment [4][5] - The target company, Weidun Crystal Phosphorus, specializes in high-purity electronic materials for integrated circuits and photovoltaic applications [5][6] Group 2: Reasons for Termination - The termination was attributed to the inability of the parties to agree on key transaction terms and the prolonged duration of the negotiation process, which led to changes in the market environment [3][6] - Zhichun Technology emphasized that the decision was made after thorough research and discussions with the transaction parties to protect the long-term interests of the company and its investors [6][7] Group 3: Financial Performance - Following the termination, Zhichun Technology reported a decline in its financial performance, with Q3 2025 revenue of 759 million yuan, down 31.74% year-on-year, and a net profit of 45.38 million yuan, down 61.91% [7][8] - For the first three quarters of 2025, the company achieved a total revenue of 2.367 billion yuan, a decrease of 10.33%, and a net profit of 84.70 million yuan, down 56.08% [7][8] - The company attributed the revenue fluctuations to the increasing scale of projects from major integrated circuit clients [7][8] Group 4: Future Outlook - Despite the failed acquisition, Zhichun Technology continues to advance its layout in the electronic materials sector, with a stable operation of its first domestic 12-inch wafer gas supply factory [8] - The company has committed not to plan any major asset restructuring within one month following the termination announcement and will hold an investor briefing on November 3, 2025, to address concerns [8]