000695，终止重大资产重组！

Core Viewpoint - Binhai Energy has announced the termination of its plan to acquire 100% equity of Cangzhou Xuyang Chemical Co., Ltd. through a share issuance and related fundraising due to changes in market conditions and failure to reach consensus on commercial terms with transaction parties [1][4]. Group 1: Termination of Acquisition - The company held a board meeting on November 14, where it approved the termination of the asset acquisition and fundraising plan [1]. - The initial announcement regarding the acquisition was made on April 30, 2025, with subsequent meetings and disclosures leading up to the termination [4]. - The decision to terminate was made after careful consideration and negotiations, aiming to protect the interests of the company and its shareholders [4]. Group 2: Business Operations and Financial Performance - Binhai Energy's main business focuses on the research, production, and sales of lithium battery anode materials, with ongoing efforts to expand market reach and develop new materials [5]. - The company reported a revenue of 374.75 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of 2.03%, while the net profit attributable to shareholders was a loss of 49.44 million yuan [5][6]. - In Q3 2025, the revenue was 139 million yuan, showing a 14% increase year-on-year, but the net profit attributable to shareholders was still a loss of 12.33 million yuan [5][6]. - The termination of the acquisition is not expected to significantly impact the company's existing operations or strategic development [5].