Core Viewpoint - Dongzhu Ecology (603359.SH) has decided to terminate the acquisition of 89.49% equity in Kairuixingtong Information Technology (Nanjing) Co., Ltd. due to failure to reach an agreement on valuation and commercial terms with the counterparty, influenced by changes in the market environment [1][2]. Group 1: Transaction Details - The company announced the termination of the transaction on January 31, following a thorough review and discussions with the counterparty [1]. - The initial plan involved issuing shares and cash to acquire Kairuixingtong, which would have made it a subsidiary of Dongzhu Ecology [1]. - The final transaction price and payment structure were not determined as the audit and evaluation of the target assets were incomplete at the time of the announcement [2]. Group 2: Financial Performance - Dongzhu Ecology expects a net loss attributable to shareholders for the year 2025 to be between -1,135.27 million and -935.27 million [3]. - The company has reported losses for the past two years, with revenues of 1,242.04 million, 828.69 million, and 375.93 million for the years 2022 to 2024, respectively [3]. - The net profits for the same years were 27.21 million, -325.67 million, and -635.34 million, indicating a significant decline in financial performance [3]. Group 3: Historical Context - Dongzhu Ecology, previously known as Dongzhu Landscape, changed its name in July 2018, while maintaining its stock code [3]. - The company went public on September 1, 2017, raising a total of 1,034.44 million, with a net amount of 937.01 million after expenses [4]. - The funds raised were intended for various projects, including operational capital and ecological restoration initiatives [4].
东珠生态终止购买凯睿星通 2017年上市近3年连亏