NAR(SZ:002825) Zheng Quan Shi Bao Wang·2026-01-14 23:47Group 1 - The company NAR Co., Ltd. announced the termination of its acquisition plan for Shanghai Feilai Testing Technology Co., Ltd. after failing to reach consensus on key cooperation arrangements during negotiations [1][2] - The acquisition was initially intended to allow NAR to hold at least 51% of Feilai Testing, thereby gaining control and entering the semiconductor equipment sector, with an estimated transaction value of approximately 350 to 400 million yuan [1][2] - NAR emphasized the strategic importance of the acquisition for creating a second growth curve and overcoming limitations in its existing business [1] Group 2 - Feilai Testing specializes in semiconductor chip testing reliability solutions, offering a comprehensive range of products including wafer AOI equipment and chip testers under its "FeedLiTech" brand [2] - The termination was attributed to disagreements on equity proportions and concerns regarding the maturity of business integration and governance structures between NAR and Feilai Testing [2] - NAR plans to continue leveraging its resources to strengthen its core business and enhance competitiveness, while also announcing a private placement to acquire 100% of Nantong NAR's shares [2][3] Group 3 - Nantong NAR focuses on the research, production, and sales of automotive protective films, serving major clients such as Seres and BYD, and has established itself as a leading player in its niche market [3] - Financial projections indicate that Nantong NAR's net profits are expected to be 19.33 million yuan in 2023 and 33.96 million yuan in 2024, with a net profit of 66.66 million yuan reported for the first three quarters of 2025 [3]