（文章来源：证券日报） 证券日报网讯 11月28日晚间，武商集团发布公告称，公司下属全资子公司武汉江豚数智科技有限公司 （以下简称"江豚数科"或"受让方"）于2025年11月28日与出让方代表唐永波先生签署了《武汉江豚数智 科技有限公司关于收购杭州小电科技股份有限公司的意向协议书》（以下简称"《意向协议书》"），受 让方与杭州小电科技股份有限公司（以下简称"标的公司"）出于各自发展战略需要，拟进行产业整合和 资本合作，以实现公司从传统零售向商业科技公司转型目标。待标的公司完成法律、财务等方面规范整 改且通过受让方尽职调查后，受让方和出让方拟交易的标的公司股份比例为70%-100%区间。最终比例 由交易各方协商确定。 ...

Core Viewpoint - Yizhangtong Financial Technology Co., Ltd. has completed its privatization and delisted from the US stock market, following a long period of poor stock performance and loss of financing capabilities [2][3]. Group 1: Privatization Details - The privatization plan was disclosed in March 2025, with the controlling shareholder, Boyu, offering to acquire all outstanding shares at a price of HKD 2.068 per share (approximately USD 7.976 per ADS), valuing the company at around HKD 2.4 billion [2]. - After 8 months, Yizhangtong successfully completed the privatization and delisting from the US market [2]. - The company was initially listed on the US stock market in December 2019, raising over USD 300 million and achieving a market capitalization exceeding USD 3 billion [2]. Group 2: Financial Performance - Yizhangtong's revenue for the first half of 2025 was HKD 800 million, a decline of 43.4% compared to HKD 1.416 billion in the same period the previous year [6][7]. - Revenue from Ping An Group and Lufax was HKD 384 million, down 59% from HKD 936 million year-on-year [7]. - Revenue from third-party clients was HKD 417 million, a decrease of 13.1% from HKD 480 million year-on-year [7]. - The gross profit for the first half of 2025 was HKD 209 million, with a gross margin of 26.1%, down from 37.1% in the previous year [7]. - The operating loss for the first half of 2025 was HKD 106 million, with an operating profit margin of -13.2% [7]. Group 3: Market Position and Strategy - Yizhangtong was established in December 2015 and focuses on providing technology services to financial institutions, leveraging its relationship with Ping An Group [5]. - The company aims to better facilitate its transformation post-privatization, as it had lost its financing function due to prolonged low stock prices [3].