Group 1 - The core viewpoint of the article is that Zhongnong Lihua has terminated its acquisition of at least 50% of Taizhou Agricultural Materials Co., Ltd. after six months of negotiations [2][3]. - Zhongnong Lihua announced on November 17 that it had signed a letter of intent for the acquisition on May 20 with seven individual shareholders of Taizhou Agricultural Materials, but failed to reach a final agreement on key terms [4][6]. - The termination of the acquisition will not have a significant impact on Zhongnong Lihua's financial and operational status, and there are no adverse effects on the company or its shareholders [6][9]. Group 2 - Zhongnong Lihua primarily engages in pesticide distribution and plant protection technology services, focusing on sales of pesticide raw materials and formulations, as well as providing crop health solutions to farmers [8]. - Taizhou Agricultural Materials aims to provide high-quality products to agricultural customers and has a diverse business model that includes chain distribution, agency distribution, and direct sales to large farmers [8]. - The acquisition was expected to enhance Zhongnong Lihua's understanding of market demands and customer dynamics, thereby increasing customer loyalty and market penetration in Zhejiang and surrounding areas [9]. Group 3 - In the first three quarters, Zhongnong Lihua reported a revenue of 8.95 billion yuan, a year-on-year increase of 5.11%, while the net profit attributable to shareholders decreased by 13.63% to 151 million yuan [9][10]. - The company’s total operating costs for the same period were 8.70 billion yuan, reflecting a significant increase in costs compared to the previous year [10].
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