筹划超一年！600610，突然宣布：终止定增！

Core Viewpoint - The company Zhongyida (600610) has terminated its plan for a private placement of A-shares aimed at supplementing cash flow, citing changes in the capital market and related policies as reasons for the decision [1][2]. Group 1: Financing Plan and Execution - The private placement plan had been in progress for over a year, with the company initially planning to issue shares at a price of 3.07 yuan per share to raise up to 210 million yuan [1]. - The funds were intended to alleviate debt pressure, reduce the debt-to-asset ratio, optimize the capital structure, lower financial expenses, and enhance future financing capabilities [1]. - The company reported a current funding gap of 794 million yuan as of December 31, 2024, based on its cash reserves and operational needs [3]. Group 2: Regulatory Scrutiny and Compliance - The Shanghai Stock Exchange raised comprehensive inquiries regarding the legality and compliance of the financing plan, including the necessity of the raised funds and the risk of declining revenue and net profit [2]. - Zhongyida's cash reserves were found to cover operational costs for an average of only 0.78 months, significantly lower than the industry average of 2.85 months [3]. Group 3: Business Operations and Impact - Despite the termination of the private placement, Zhongyida stated that all production and operational activities are continuing normally and that the decision would not adversely affect the company's business operations or shareholder interests [3].