Core Viewpoint - Chenghe Technology's major asset restructuring plan has been abruptly terminated due to failure to reach consensus on core terms among the parties involved in the transaction [1][5]. Group 1: Restructuring Details - Chenghe Technology announced the termination of its plan to acquire at least 51% of Wuhu Yingri Technology Co., Ltd. for a cash consideration, with an estimated total valuation of 1.8 billion yuan for 100% of Yingri Technology [3]. - The termination was attributed to the complex shareholder structure of Yingri Technology and differing opinions on future operational plans, which hindered agreement on key transaction terms, particularly regarding performance commitments [5][6]. - The major shareholders of Yingri Technology include Zhang Bing (30.09%), Tianjin Meitai Vacuum Technology Co., Ltd. (12.61%), Luo Yongchun (6.57%), and Wuhu Yingxin Enterprise Management Partnership (3.77%), collectively holding 53.04% [5]. Group 2: Financial Performance - Yingri Technology reported significant revenue growth from 113 million yuan in 2019 to 315 million yuan in 2021, with year-on-year growth rates of 31.05% and 113.42% respectively. Net profit also saw substantial increases during the same period [5]. - Chenghe Technology has maintained stable revenue growth since its listing in 2021, with projected revenues of 460 million yuan, 576 million yuan, 695 million yuan, 800 million yuan, and 882 million yuan from 2020 to 2024, alongside net profits of 117 million yuan, 157 million yuan, 195 million yuan, 226 million yuan, and 250 million yuan [9]. - In Q1 2025, Chenghe Technology reported a revenue of 220 million yuan, reflecting a year-on-year increase of 14.97%, and a net profit of approximately 71.46 million yuan, up 15.82% year-on-year [9].
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