000695，终止重大资产重组

Core Viewpoint - Binhai Energy has announced the termination of its plan to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd. through a share issuance and related fundraising 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 a board meeting on November 14, where it approved the termination of the asset acquisition and fundraising plan [1][3]. - The initial announcement regarding the acquisition was made on April 30, 2025, with subsequent meetings and disclosures leading up to the termination [3]. Group 2: Financial Performance - For the first three quarters of 2025, Binhai Energy reported a revenue of 374 million yuan, a year-on-year increase of 2.03%, while the net profit attributable to shareholders was a loss of approximately 49.44 million yuan [4][5]. - In Q3 2025, the company achieved a revenue of 139 million yuan, reflecting a 14% year-on-year growth, but still reported a net loss of about 12.33 million yuan [4][5]. Group 3: Current Operations and Market Position - Binhai Energy is actively engaged in the research, production, and sales of lithium battery anode materials, with ongoing projects aimed at market expansion and product development [4]. - The termination of the acquisition is not expected to adversely affect the company's existing operations or strategic development [4]. Group 4: Stock Performance - 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 3.223 billion yuan [6].