688339，终止重大资产重组

Core Viewpoint - Yihuatong has decided to terminate the major asset restructuring plan to acquire 100% equity of Danzhou Xuyang Hydrogen Energy Co., Ltd. due to the inability to reach a consensus on the final transaction plan with the counterparty [1][8]. Group 1: Termination of Restructuring - The termination of the transaction is not expected to have a significant adverse impact on the company's production operations and financial status [5]. - The restructuring was initially anticipated to enhance Yihuatong's layout in the hydrogen energy industry chain and improve business synergy [7][8]. Group 2: Departure of Key Personnel - Core technical personnel Yang Shaojun has left the company due to personal reasons, and he will no longer hold any position within Yihuatong [11]. - Following Yang's departure, the number of core technical personnel at Yihuatong is now four, and the company claims that its R&D team structure remains intact and capable of supporting ongoing projects [11]. Group 3: R&D Personnel and Financial Performance - Yihuatong has seen a significant decline in the number of R&D personnel, dropping from 346 in 2024 to 156, and further to 128 in the first half of 2025 [12][14]. - The total compensation for R&D personnel has also decreased, with the average salary rising from 25.17 thousand to 33.26 thousand, indicating a focus on cost management amid ongoing losses [13][14]. - The company reported a net profit attributable to shareholders of -1.67 billion, -2.43 billion, and -4.56 billion from 2022 to 2024, reflecting continuous financial struggles [14].