Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan after five months of deliberation, citing that the conditions for implementation are not yet mature [2][4]. Group 1: Termination of Restructuring - The company planned to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity but has decided to terminate the transaction after discussions with all parties involved [4]. - The termination of the restructuring does not impose any breach of contract liabilities on the parties involved, as no formal agreements were signed [6]. Group 2: Future Development Opportunities - Despite the termination of the restructuring, Jianlong Micro-Nano aims to maintain a strategic partnership with Hanxing Energy, focusing on areas such as oil refining, petrochemicals, new energy, and carbon capture [9]. - The company will continue to seek development opportunities and enhance its product matrix while improving quality and profitability for shareholders [9]. - Jianlong Micro-Nano specializes in the research, production, and technical services of molecular sieve adsorbents and catalysts, targeting core sectors like industrial gas separation and renewable resources [9]. Group 3: Market Position - As of November 26, Jianlong Micro-Nano's stock price was reported at 34 yuan per share, with a total market capitalization of 3.4 billion yuan [10].

Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan after five months of deliberation, citing that the conditions for implementation are not yet mature [2][3]. Summary by Sections Termination of Restructuring - On November 26, Jianlong Micro-Nano released an announcement stating that the company planned to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [3]. - After discussions with all parties involved, it was concluded that the conditions for the major asset restructuring were not mature enough, leading to a mutual agreement to terminate the transaction [3][6]. Impact on Business Operations - The transaction was still in the planning stage, and no formal agreements had been signed, meaning that there are no breach of contract liabilities for any party involved [6]. - The termination of the restructuring will not adversely affect the company's business operations, production activities, or financial status, nor will it harm the interests of shareholders, especially minority shareholders [6]. Future Strategic Directions - Despite the termination, Jianlong Micro-Nano recognizes significant business synergy with Hanxing Energy and has established a comprehensive strategic partnership to leverage each other's resources and expertise [9]. - The focus of this partnership will be on areas such as oil refining, petrochemicals, new energy, and carbon capture, with an emphasis on market development and new product/technology collaboration [9]. - The company aims to continue pursuing its development strategy and seek more opportunities for growth, enhancing its product matrix and improving profitability for shareholders [9]. Company Profile - Jianlong Micro-Nano specializes in the research, production, and technical services of molecular sieve adsorbents and catalysts, focusing on core areas such as industrial gas separation, medical oxygen production, petrochemicals, and renewable resources [9]. - As of November 26, the company's stock price was reported at 34 CNY per share, with a total market capitalization of 3.4 billion CNY [10].

Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan after five months of deliberation, citing that the conditions for implementation are not yet mature [2][4]. Group 1: Termination of Restructuring - The company planned to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through a cash payment for equity but has decided to terminate the transaction after discussions with all parties involved [2][4]. - No formal transaction agreements were signed, and all parties will not bear any breach of contract liabilities due to the termination [4]. Group 2: Impact on Business and Future Plans - The termination of the restructuring will not adversely affect the company's business operations, production activities, or financial status, nor will it harm the interests of shareholders, especially minority shareholders [4]. - Despite the termination, Jianlong Micro-Nano recognizes significant business synergy with Hanxing Energy and has established a comprehensive strategic partnership to collaborate in various fields, including oil refining, petrochemicals, and renewable energy [6]. Group 3: Strategic Focus and Market Position - Jianlong Micro-Nano aims to leverage Hanxing Energy's expertise in process design and project management to enhance its capabilities in domestic substitution technology research and market expansion [5]. - The company is focused on becoming a leading provider of new material solutions, specializing in molecular sieve adsorbents and catalysts, and is committed to improving its product matrix and profitability for shareholders [6]. - As of November 26, Jianlong Micro-Nano's stock price was 34 CNY per share, with a total market capitalization of 3.4 billion CNY [6].

Core Viewpoint - Jianlong Micro-Nano is planning to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through a cash payment for equity transfer, which will make Jianlong Micro-Nano the controlling shareholder of Hanxing Energy [1][2]. Group 1: Acquisition Details - The acquisition aims to enhance collaboration in product technology, market resources, and organizational capabilities between Jianlong Micro-Nano and Hanxing Energy [1][2]. - Jianlong Micro-Nano is the first listed company on the Science and Technology Innovation Board in Henan, focusing on the research, production, and sales of molecular sieve adsorbents and catalysts for various industries [2][3]. Group 2: Hanxing Energy Overview - Hanxing Energy specializes in the hydrogen energy industry, covering upstream hydrogen production, midstream transportation, storage, and hydrogen refueling stations [2][4]. - The company has developed a comprehensive hydrogen energy ecosystem over 20 years, focusing on hydrogen production technology and related services [2][4]. Group 3: Financial Performance - Hanxing Energy reported revenues of 296 million yuan and 389 million yuan in 2021 and 2022, respectively, with a revenue of 488 million yuan in 2023, marking a year-on-year growth of 25.45% [4][5]. - The net profit attributable to shareholders was 52.87 million yuan in 2021, 68.58 million yuan in 2022, and 73.97 million yuan in 2023, reflecting a growth of 7.85% [4][5]. Group 4: Strategic Implications - The acquisition is seen as a strategic integration of the upstream and downstream of the industry chain, enhancing the company's full-chain closed-loop capability and facilitating its transition from a material manufacturer to a technology service provider [5]. - Hanxing Energy has a strong technical reserve in the petrochemical industry and possesses numerous patents and proprietary technologies, which can be leveraged by Jianlong Micro-Nano to enhance its competitive edge [3][4].