筹划两年未果 禾川科技终止与关联方共同投资计划

Core Viewpoint - Hechuan Technology (688320.SH) has announced the termination of its joint investment plan with affiliated companies after nearly two years of planning, citing ongoing industry impacts on its performance as the primary reason [2][6]. Group 1: Investment Plan Details - The initial plan involved establishing a joint venture with Robert Bosch International Investment Co., Ltd. and Bosch (China) Investment Co., Ltd., with a total registered capital of 120 million yuan [3]. - Hechuan Technology was set to hold a 50% stake in the joint venture, while Robert Bosch and Bosch China were to hold 40% and 10%, respectively, with planned contributions of 48 million yuan, 12 million yuan, and 60 million yuan [3][4]. - The joint venture was intended to focus on research, production, and provision of automation and electrification solutions, enhancing Hechuan Technology's business scope and R&D capabilities [4]. Group 2: Reasons for Termination - The termination was influenced by the persistent negative impact of the industry on the company's performance, with ongoing external investment pressures and a lack of improvement in industry payment terms [6]. - Hechuan Technology indicated that the macroeconomic environment had changed significantly, leading to a shift in the cooperation landscape, and projected potential losses for the joint venture in its initial phase [6][7]. - The decision to terminate the investment was made after discussions between the parties, considering Bosch China's adjustments in domestic business layout [6]. Group 3: Impact of Termination - As of now, the joint venture has not been established, and Hechuan Technology has not made any actual capital contributions towards the investment [7]. - The termination of the investment plan is not expected to have a substantial impact on the company's development strategy or financial status, nor will it harm the interests of the company or minority investors [7].