11个交易日涨超45%，牛股突然宣布终止重大资产重组

Core Viewpoint - Nanjing Shanglv has decided to terminate the acquisition of 100% equity in Nanjing Huangpu Hotel Co., Ltd. due to changes in market conditions and related circumstances after a year and a half of planning and waiting [1][4]. Group 1: Acquisition Details - The acquisition was initially planned to be executed through the issuance of shares and cash payment for the 100% equity of Huangpu Hotel, which is a high-end hotel in Nanjing [4]. - The restructuring process faced multiple challenges, including adjustments to the acquisition plan and temporary suspensions of the review by the Shanghai Stock Exchange [4][5][6][7]. - On December 19, 2025, the board of directors approved the termination of the transaction, citing changes in market conditions and the need to protect the interests of the company and its investors [7][8]. Group 2: Financial Performance - In 2024, the company reported a revenue of 776 million yuan, a year-on-year decrease of 9.31%, while the net profit attributable to shareholders was 45.64 million yuan, an increase of 33.69%, primarily due to non-recurring gains [8]. - For the first three quarters of 2025, the company achieved a revenue of 553 million yuan, down 8.07%, and a net profit of 18.98 million yuan, down 51.46%, indicating ongoing challenges in its main business operations [8]. - The company emphasized that the termination of the restructuring would not significantly impact its existing business operations or financial status [8]. Group 3: Future Plans - Nanjing Shanglv has committed to continuing its "tourism + commerce" dual business strategy and will actively seek opportunities for business expansion [9]. - An investor briefing regarding the termination of the restructuring will be held on December 25, 2025, to address investor concerns [10].