Beijing Shiji Information Technology (SZ:002153) Xin Lang Cai Jing·2025-12-31 10:41Group 1 - The core announcement from Shiji Information indicates a change in designated information disclosure media, moving from "Securities Times" to "Shanghai Securities Journal" starting January 1, 2026 [1][6][7] - The company has applied for an extension to respond to inquiries regarding the valuation of the acquisition of 100% equity in Sihon Software, which is valued at 160,225.63 million yuan, reflecting a high premium of 398.59% [3][8] - The valuation is based on the income approach, with the assessment firm optimistic about the future growth of the retail digitalization sector [3][8] Group 2 - Sihon Software's projected revenue for 2024 is 33,099.23 million yuan, showing a year-on-year decline of 9.16% compared to 2023 [4][9] - Shiji Information is burdened by high goodwill, amounting to 1.25 billion yuan as of Q3 2025, primarily from past acquisitions [4][9] - The company has reported negative net profit for five consecutive years from 2020 to 2024, raising concerns about the sustainability of its business model amid high goodwill and ongoing losses [4][10]