急踩刹车！蓝盾光电8000万“芯”婚告吹

Core Viewpoint - The company, Landun Optoelectronics, has decided to terminate an 80 million yuan equity transfer agreement with Zhuhai Luoheng Investment Partnership due to internal and external factors affecting its financial situation and to protect the interests of its shareholders, particularly minority shareholders [1][3]. Group 1: Transaction Details - The equity transfer agreement was intended for the purchase of shares in Shanghai Xingsi Semiconductor Co., Ltd., with a registered capital of 782,844 yuan [4]. - The company has not completed the equity transfer, and no payment has been made for the shares as of the announcement date [1][4]. - The termination agreement was signed after mutual discussions between the parties involved, and both sides agreed to waive any claims related to the original agreement [4]. Group 2: Financial Performance - Landun Optoelectronics has faced continuous declines in revenue and net profit over the past three years, with net profit dropping to 648.5 thousand yuan in 2024, a decrease of over 90% compared to 1.3 million yuan in 2020 [5][8]. - The company's gross margin has decreased from 36.86% in 2020 to 25.08% in 2024, while net margin fell from 18.06% to 1.19% during the same period [6]. - In the first three quarters of 2025, the company reported a revenue decline of 21.33% year-on-year, with a net profit loss of 827.61% [8]. Group 3: Investment Context - The decision to terminate the investment is seen as a pragmatic move to control risks and preserve cash flow, especially given the company's strained financial situation [10][11]. - The previous investment in Xingsi Semiconductor has already resulted in losses, with a reported investment loss of 1.29 million yuan in 2024 and 195.39 thousand yuan in the first three quarters of 2025 [11]. - The semiconductor industry, characterized by high capital and technological demands, presents challenges for Landun Optoelectronics, whose core business focuses on optoelectronic instruments for environmental monitoring and traffic management [10][11].