Hitech Develop(SH:600082) 中国基金报·2025-12-05 13:41Core Viewpoint - Haitai Development has terminated its acquisition of the controlling stake in Zhixueyun due to a lack of agreement on key transaction terms such as price and method [2][9]. Group 1: Acquisition Details - The acquisition plan was announced on June 5 and was expected to constitute a major asset restructuring as per regulations [5][9]. - The termination of the acquisition comes after six months of planning and discussions, with investors expressing concerns about the transaction's progress during a Q3 earnings call [9][10]. - Haitai Development has committed to not planning any major asset restructuring for at least one month following the termination announcement [10]. Group 2: Financial Impact - As of December 5, Haitai Development's stock price was 4.77 yuan per share, with a total market capitalization of 3.082 billion yuan [6]. - The company reported net profits of 10.1652 million yuan, 12.6903 million yuan, 9.5828 million yuan, and 2.4220 million yuan for the years 2022 to 2024 and the first three quarters of 2025, respectively [14]. Group 3: Business Operations - The termination of the acquisition indicates that Haitai Development's plans for diversification into the education technology sector have failed [11][13]. - Haitai Development's core business focuses on industrial real estate development and operations, with an innovative operational model combining investment, incubation, and招商 [13]. - The company aims to enhance asset revitalization and market-oriented operations in Q4 2025, focusing on project implementation and efficiency [16].