终止！建龙微纳和它的五个月“恋情”结束！

Core Viewpoint - The acquisition of Shanghai Hanxing Energy Technology Co., Ltd. by Luoyang Jianlong Micro-Nano New Materials Co., Ltd. was terminated after five months due to unfulfilled conditions, impacting the stock performance of Jianlong Micro-Nano [2][4][18]. Group 1: Acquisition Details - On June 24, 2025, Jianlong Micro-Nano signed a cooperation intention agreement to acquire at least 51% of Hanxing Energy [1]. - The stock price of Jianlong Micro-Nano rose after the acquisition announcement, reaching a peak of 41.86 yuan per share on November 12, 2025 [8]. - The acquisition was officially terminated on November 26, 2025, leading to a 3.59% drop in stock price to 32.78 yuan per share the following day [4]. Group 2: Financial Performance - Jianlong Micro-Nano's revenue from 2021 to 2024 was 878 million, 854 million, 972 million, and 779 million yuan, with net profits declining from 275 million to 75 million yuan over the same period [10]. - In contrast, Hanxing Energy showed stable growth with revenues of 296 million, 389 million, and 488 million yuan from 2021 to 2023, and net profits increasing from 53.09 million to 76.74 million yuan [11]. Group 3: Strategic Implications - Both companies are part of the same industrial chain, and the acquisition was expected to create synergies in technology, market resources, and organizational capabilities [12]. - Despite the termination of the acquisition, both companies identified significant business collaboration opportunities and established a strategic partnership to work together in various fields, including oil refining and renewable energy [18].