商业航天“大牛股” 终止收购！

Core Viewpoint - The acquisition of control over Xingxin Aerospace by Hualing Cable has been terminated due to a lack of agreement on specific terms between the parties involved, and this decision will not adversely affect the company's operations or financial status [4][6]. Group 1: Acquisition Details - Hualing Cable announced its intention to acquire control of Xingxin Aerospace, a high-tech enterprise established in 2003, which specializes in high-temperature resistant materials and has provided products for various Chinese space missions [5]. - The termination of the acquisition agreement was mutually agreed upon by both parties and does not require board approval [4][6]. Group 2: Financial Performance - 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 during the same periods [7]. - Hualing Cable's main business involves the research, production, and sales of electric wires and cables, with special cables accounting for over half of its revenue and power cables nearly 40% [7]. Group 3: Market Performance - Hualing Cable is recognized as a "star stock" in the commercial aerospace sector, with its stock price increasing by 178% from November 27, 2025, to January 12, 2026, although it has recently adjusted from its peak [7]. - 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 [7].