华控赛格主动终止定增

Core Viewpoint - Huakong Saige announced the termination of its plan to issue shares to specific investors, which was initially aimed at raising funds to reduce its high debt levels and improve financial stability [1][4]. Group 1: Company Actions and Decisions - The company held multiple meetings to discuss the issuance of shares, with the initial plan proposed in August 2023 and extended in December 2024 [3]. - The decision to terminate the share issuance was made after thorough communication and analysis, ensuring it would not adversely affect the company's operations or shareholders [4]. Group 2: Financial Situation - Huakong Saige's debt-to-asset ratio decreased from 90.19% at the end of 2022 to 75.18% by the third quarter of 2025, but it remains high [4]. - As of the third quarter of 2025, the company's total liabilities reached 3.024 billion, with current liabilities at 1.709 billion and cash reserves of only 101 million [4]. - The company has faced continuous losses, with a net profit loss of 1 billion in the first three quarters of 2025, compared to a loss of 733.72 million in the same period the previous year [6]. Group 3: Business Operations - Huakong Saige is engaged in sponge city construction, water engineering, smart water management, EPC contracting, engineering consulting, and new ventures in equipment and bulk commodity trading [5].