核心条款谈不拢！华立股份终止收购中科汇联51%股份 智慧水务转型后仍寻觅数智新标的

Core Viewpoint - Huali Co., Ltd. has decided to terminate its acquisition of a 51% stake in Beijing Zhongke Huilian Technology Co., Ltd. due to a lack of consensus on core transaction terms, marking a setback in the company's transformation efforts [2][7]. Group 1: Acquisition Details - The acquisition was initially announced two months prior, with Huali stating it was a key step in expanding its digital business segment [7]. - Huali had signed a share purchase intention agreement with shareholders of Zhongke Huilian, intending to use self-owned or raised funds for the acquisition [7]. - The termination was confirmed in a recent announcement, indicating that the parties could not reach an agreement on essential terms [7][8]. Group 2: Business Transformation and Performance - Huali Co., Ltd. is a leading player in the decorative composite materials sector, with its "Huafuli" brand well-known in home decoration [9]. - The company has been undergoing a strategic transformation due to a sluggish home decoration market, having completed the acquisition of 51% of Suzhou Shangyuan Intelligent Technology Co., Ltd. for 358 million yuan, which focuses on smart water management solutions [9]. - In 2024, Huali's revenue from the decorative composite materials segment was 861 million yuan, while the smart water segment generated 160 million yuan, indicating total revenue still below 2021 levels [9]. - Shangyuan Intelligent achieved a net profit of 50.73 million yuan in 2024, exceeding its performance commitment of 38 million yuan [10]. Group 3: Future Plans - Despite the failed acquisition of Zhongke Huilian, Huali remains committed to its strategic goals and will continue to explore investment and acquisition opportunities in the digital sector [8]. - The company aims to enhance its digital capabilities and profitability by investing in high-quality enterprises in big data and artificial intelligence with significant technological barriers [11].