170亿商业航天大牛股，终止收购

Core Viewpoint - The termination of the acquisition agreement between Hualing Cable and Xingxin Aerospace is a mutual decision due to disagreements on valuation and payment terms, which will not adversely affect the company's operations or financial status [1][4]. Group 1: Acquisition Details - Hualing Cable announced the termination of the acquisition of Hunan Xingxin Aerospace New Materials Co., Ltd. due to a lack of consensus on specific agreement terms [1]. - The acquisition was intended to create a vertical integration from "materials" to "cables," aiming to provide high-end integrated solutions in the aerospace sector [4]. - The termination does not require board approval and is stated to protect the interests of all shareholders, particularly minority shareholders [4]. Group 2: Company Performance - As of the latest report, Hualing Cable's revenue reached 2.19 billion yuan, reflecting a year-on-year growth of 12.35%, while the net profit attributable to shareholders was approximately 54.36 million yuan, up by 10.98% [4]. - The company is recognized as a leading manufacturer of specialized cables, with applications across various sectors including aerospace, transportation, and renewable energy [4]. Group 3: Market Context - Hualing Cable is considered a "star stock" in the commercial aerospace sector, with its stock price increasing by as much as 187.13% since November 27, 2025 [6]. - The company's market capitalization as of January 19 was reported at 17.1 billion yuan, with a closing stock price of 26.79 yuan per share [6].