Core Points - The company, Huakong Saige, has decided to terminate its plan for a private placement of shares due to the expiration of the shareholder meeting resolution and considerations regarding future development and competition [1][2] - The planned fundraising amount was up to RMB 845,604,029.20, intended for repaying interest-bearing loans, with a share price set at RMB 2.80 per share [2] - The company has reported continuous losses in its net profit for seven consecutive years, with a net profit of -1.00 billion in the first three quarters of 2025, compared to -0.73 billion in the same period last year [3][4] Summary by Sections Termination of Share Issuance - Huakong Saige's board approved the termination of the private placement of shares on November 29, 2025, after considering the expiration of the previous resolutions and the company's actual situation [1][2] - The company had previously extended the validity of the private placement resolution by 12 months, now set to expire on December 11, 2025 [1] Financial Performance - The company has reported a decline in operating revenue of 12.54% year-on-year, amounting to 5.18 billion in the first three quarters of 2025 [3] - The net profit attributable to shareholders was -1.00 billion, with a non-recurring net profit of -0.50 billion [3] - The company has experienced a continuous decline in its net profit over the years, with figures showing a net profit of -1.329 billion in 2018 and a projected -1.00 billion in 2025 [3]
华控赛格终止向控股股东不超8.5亿定增 扣非连亏7年3季