A股重大资产重组，来了！

Core Viewpoint - Jianlong Micro-Nano plans to acquire at least 51% of Hanxing Energy, which is expected to constitute a major asset restructuring, marking a shift from IPO aspirations to mergers and acquisitions [2][5]. Group 1: Acquisition Details - Jianlong Micro-Nano signed a cooperation intention agreement with Hanxing Energy and its shareholders to acquire a majority stake through cash payment [5]. - The final equity ratio and transaction price will be determined through further negotiations and a formal acquisition agreement [12]. Group 2: Strategic Synergy - The acquisition aims to create a dual synergy between Jianlong Micro-Nano and Hanxing Energy, enhancing product technology, market resources, and organizational capabilities [2][14]. - Jianlong Micro-Nano intends to transition from a material manufacturer to a technology service provider, establishing a full-chain capability from high-performance molecular sieve material R&D to end-customer services [2][15]. Group 3: Financial Performance of Hanxing Energy - Hanxing Energy's revenue for 2021, 2022, and 2023 was 296 million, 389 million, and 488 million yuan respectively, with net profits of approximately 52.87 million, 68.58 million, and 73.97 million yuan [17]. - The total assets of Hanxing Energy reached 1.165 billion yuan in 2023, with a debt ratio of 66.76% [18]. Group 4: Market Position and Clientele - Hanxing Energy specializes in hydrogen energy technology development and has established a strong client base, including major companies like China National Petroleum and Sinopec [15][17]. - The company has developed core technologies in various fields, including petrochemicals and industrial gases, which can be further optimized through the resources of Jianlong Micro-Nano [18]. Group 5: Financial Performance of Jianlong Micro-Nano - Jianlong Micro-Nano reported a revenue of 778.75 million yuan in 2024, a decrease of 19.90% year-on-year, with a net profit of approximately 74.76 million yuan, down 51.15% [19][20]. - The decline in performance is attributed to weak demand in the industrial gas sector and reduced operational loads of air separation equipment [21].