Core Viewpoint - Huibo Yuntong (301316.SZ) has announced the termination of its plan to issue shares to specific targets for the year 2024, citing changes in external market conditions and the company's actual situation as reasons for this decision [1]. Group 1: Share Issuance Details - The planned share issuance was intended for the company's actual controller, Yu Hao, who was to subscribe to all shares through cash [1][2]. - The issuance price was set at 14.39 yuan per share, which is not less than 80% of the average trading price over the 20 trading days prior to the pricing benchmark date [2]. - The total number of shares to be issued was not to exceed 30,000,000 shares, representing 7.50% of the total share capital before the issuance [2]. Group 2: Company Control and Shareholding Structure - As of the announcement date, the total share capital of the company was 400,010,000 shares, with Yu Hao directly holding 2.92% and controlling a total of 39.29% of the shares through related entities [3]. - Following the proposed issuance, the total share capital would increase to 430,010,000 shares, with Yu Hao's control rising to 43.53%, indicating no change in the company's control [3]. Group 3: Fundraising and Use of Proceeds - The total amount intended to be raised from the issuance was capped at 43,170,000 yuan, with net proceeds planned for big data and AI model research and to supplement working capital [2]. - The company previously raised 30,407.60 million yuan in its 2022 IPO, with net proceeds of 24,076.45 million yuan after expenses, which were lower than the original plan [4].

Core Viewpoint - Huibo Yuntong (301316.SZ) announced a joint investment and related party transaction involving the acquisition of 32.0875% of Baode Computer by its controlling shareholder Shenzhen Shenhui Holdings and Zhejiang Provincial State-owned Assets Supervision and Administration Commission [1][2]. Group 1: Transaction Details - Shenhui Holdings, which holds 21.16% of Huibo Yuntong, will acquire 22.0875% of Baode Computer, gaining control over it [2][6]. - The total valuation for Baode Computer is set at 4.5 billion yuan, with the share price for the transaction calculated at 6.7365 yuan per share, totaling approximately 1.443 billion yuan [3][4]. - The transaction involves cash payments from Shenhui Jinwei and Hangzhou Chantu to the sellers, with specific share allocations and corresponding prices detailed [3][4]. Group 2: Financial Performance - For the first half of 2025, Huibo Yuntong reported revenue of 1.0258754 billion yuan, a year-on-year increase of 33.50%, but a net profit attributable to shareholders of only 5.6477 million yuan, down 78.37% [4]. - The company also reported a negative net cash flow from operating activities of -118.3085 million yuan, compared to -45.6583 million yuan in the same period last year [4]. - Baode Computer is projected to achieve revenues of 9.2700421 billion yuan and 10.0077561 billion yuan in 2023 and 2024, respectively, with net profits of 200.7744 million yuan and 235.1358 million yuan [6][7]. Group 3: Future Commitments - The sellers, Horquos Baode and Baode Research Institute, have committed to ensuring that Baode Computer's audited net profit for 2025 meets or exceeds the forecasted figures in the evaluation report [3][4]. - If the actual net profit falls short, the sellers will compensate Shenhui Holdings for the difference [4].