Core Viewpoint - Hualing Cable announced the termination of the acquisition agreement with Xingxin Aerospace due to a lack of consensus on specific terms, which will not adversely affect the company's operations or financial status [1][3]. Group 1: Acquisition Details - Hualing Cable and Xingxin Aerospace mutually agreed to terminate the "Intent Agreement for the Acquisition of Hunan Xingxin Aerospace New Materials Co., Ltd." [1]. - The acquisition was not finalized with a formal agreement as of the announcement date [3]. - The termination does not require board approval and is a result of mutual agreement between the parties [3]. Group 2: Company Background - Xingxin Aerospace, established in 2003, is a national high-tech enterprise specializing in high-temperature resistant materials and products for various space missions, including Shenzhou and Chang'e series [4]. - Xingxin Aerospace reported revenues of 56.42 million yuan, 51.37 million yuan, and 68.15 million yuan for the years 2022, 2023, and 2024, respectively, with net profits of 23.63 million yuan, 22.46 million yuan, and 26.49 million yuan [4]. Group 3: Market Performance - Hualing Cable is recognized as a "bull stock" in the commercial aerospace sector, with a stock price increase of 178% from November 27, 2025, to January 12, 2026 [4]. - As of January 19, 2026, Hualing Cable's stock price was 26.79 yuan per share, with a market capitalization of 17.101 billion yuan [4].
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