突发公告！600800，宣布终止

Core Viewpoint - Bohai Chemical has decided to terminate the major asset sale and related transactions due to the inability to reach an agreement on key terms with the other party, leading to the resumption of its stock trading [1][3][6]. Group 1: Major Asset Sale Termination - The company announced the termination of the plan to sell 100% equity of Tianjin Bohai Petrochemical Co., Ltd. and to acquire control of Anhui Taida New Materials Co., Ltd. through a combination of share issuance and cash payment [3][6]. - The decision was made after both parties failed to agree on essential terms of the transaction [1][6]. Group 2: Stock Resumption - Bohai Chemical's stock will resume trading starting December 22, following the announcement of the termination [2][6]. Group 3: Financial Performance and Business Context - Bohai Petrochemical, established in April 2018, is recognized as a benchmark enterprise in the domestic PDH (Propane Dehydrogenation) sector, with a production capacity of 600,000 tons per year [7]. - The company has been facing long-term operational pressure, with continuous losses reported since 2022, primarily due to the underperformance of its PDH business [8][10]. - The PDH business is currently in a "standstill" state, with maintenance originally planned for 30 days extended due to the need for coordination with new projects in the plant [10]. Group 4: Financial Data Overview - As of the latest financial reports, Bohai Chemical's total revenue for the third quarter of 2025 was 28.09 billion, reflecting a year-on-year decrease of 16.82% [9]. - The company reported a total operating cost of 33.90 billion, leading to an operating loss of 5.76 billion, which is a 7.49% decrease compared to the previous year [9]. - The net profit attributable to shareholders was -5.79 billion, marking a year-on-year decline of 7.85% [9].