Core Viewpoint - Hualing Cable announced the termination of its acquisition of Hunan Xingxin Aerospace New Materials Co., Ltd., leading to a significant drop in its stock price, closing at 24.11 yuan per share, down 9.82% on January 20, with a total market value of 15.391 billion yuan [1][3]. Group 1: Acquisition Details - On January 19, Hualing Cable announced the termination of the acquisition of control over Hunan Xingxin Aerospace New Materials, which was initially intended to enhance market share in aerospace and integrated equipment sectors [3][4]. - The acquisition was aimed at integrating technology and resources to support the development of high-end cable integration and smart composite transmission, positioning the company as a leader in the industry [3][4]. - The termination was due to the inability to reach an agreement on specific terms after multiple negotiations, and it was concluded without requiring board approval [4]. Group 2: Company Performance - For the first three quarters of 2025, Hualing Cable reported a revenue of 3.376 billion yuan, representing an 8.68% year-on-year increase [4]. - The net profit attributable to shareholders was 92.163 million yuan, reflecting a 6.85% increase compared to the previous year [4]. - The net profit excluding non-recurring items was 76.475 million yuan, showing an 11.05% year-on-year growth [4].
跌停！华菱线缆终止收购星鑫航天，双方磋商数月未果