000695，终止重大资产重组！

Core Viewpoint - Binhai Energy (000695) announced the termination of its plan to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd. through a share issuance and to raise matching funds from specific investors due to changes in market conditions and failure to reach consensus on commercial terms with transaction parties [1][3]. Group 1: Termination of Acquisition - The company held its 25th meeting of the 11th Board of Directors on November 14, where it approved the termination of the acquisition of Cangzhou Xuyang Chemical Co., Ltd. [1][3]. - The initial plan for the acquisition was announced on April 30, 2025, with a subsequent board meeting on May 16, 2025, approving the related proposals [3]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 374.5 million yuan, a year-on-year increase of 2.03%, while the net profit attributable to shareholders was a loss of 49.4 million yuan [4][5]. - In the third quarter of 2025, the revenue was 139 million yuan, reflecting a 14% year-on-year increase, but the net profit attributable to shareholders was a loss of 12.3 million yuan [4][5]. Group 3: Market Position and Stock Performance - Binhai Energy is actively engaged in the research, production, and sales of lithium battery anode materials, with ongoing projects aimed at enhancing operational performance [4]. - The company's stock has shown strong performance recently, with an increase of nearly 30% in the week leading up to November 14, closing at 14.51 yuan per share, resulting in a total market capitalization of 3.22 billion yuan [6].