Hitech Develop(SH:600082) Zhong Guo Zheng Quan Bao·2025-12-05 14:20Core Viewpoint - Haitai Development has decided to terminate the cash acquisition of a controlling stake in Zhixueyun Technology after failing to reach an agreement on key transaction terms, putting its plans to enter the education technology sector on hold [1][2]. Group 1: Company Overview - Haitai Development is a state-owned listed company controlled by Tianjin Haitai Holding Group, primarily engaged in incubator services, infrastructure construction, and investment in high-tech industries [1]. - The company reported a significant increase in revenue, achieving 445 million yuan in the first three quarters of 2025, a year-on-year growth of 1256.49%, mainly driven by increased real estate sales [2]. Group 2: Acquisition Details - The acquisition of Zhixueyun was intended to align with the State-owned Assets Supervision and Administration Commission's reform requirements and local government policies, aiming to inject educational technology assets into the company [2]. - Zhixueyun, established in 2013, focuses on providing intelligent learning solutions for government and enterprise clients through its proprietary low-code PaaS platform and AI Agent platform [2]. Group 3: Market Reaction - Following the announcement of the major asset restructuring on June 5, Haitai Development's stock price rose significantly, with an increase of 62.2% from April 9 to June 5, and a total rise of over 87% from April 9 to December 5 [3].