重大资产重组，终止！明日复牌！

Core Viewpoint - Bohai Chemical has announced the termination of its major asset restructuring plan, which included the sale of 100% equity in Tianjin Bohai Petrochemical Co., Ltd. and the acquisition of control over Taida New Materials Co., Ltd. [1][2] Group 1: Termination of Restructuring - The restructuring plan was initiated on December 5, 2025, and lasted only two weeks before being terminated due to a lack of agreement on core terms among the parties involved [5][6] - The termination of the restructuring will not adversely affect the company's business operations or financial status, and the involved parties will not bear any liability for breach of contract [6] Group 2: Stock Performance - Prior to the suspension of trading, Bohai Chemical's stock price surged, reaching a limit up on December 5, with a cumulative increase of approximately 22.87% over five trading days, raising its market capitalization to 5.606 billion CNY [7][9] Group 3: Financial Performance - Bohai Chemical has faced operational challenges in recent years, with revenues of 3.225 billion CNY, 4.784 billion CNY, and 2.809 billion CNY for the first three quarters of 2023, 2024, and 2025 respectively, and net losses of 522 million CNY, 632 million CNY, and 579 million CNY during the same periods [9] Group 4: Taida New Materials Overview - Taida New Materials, established in 1999, specializes in the research, development, manufacturing, and sales of heavy aromatic oxidation products, with its main product being trimellitic anhydride (TMA) [9][10] - The global TMA market has seen significant price increases, with prices rising from 19,000 CNY/ton to 50,000 CNY/ton following the permanent closure of production capacity by a major competitor [9] - Taida New Materials reported a revenue of 1.167 billion CNY in 2024, a year-on-year increase of 146.02%, and a net profit growth of 1112.41% [9]