公告显示，汉兴能源成立于2010年9月，是国内少数掌握从工艺设计、设备供货到整体交付的全流程实 施能力的企业，长期专注于石油化工、工业气体制备等工业领域，同时拥有石化、化工、医药领域全厂 规划设计能力，逐步在设计方案完善、工艺流程优化、核心装备集成、催化剂和吸附剂升级改良等领域 形成了系列核心技术，广泛应用于石化、可再生资源、合金、化工、光纤、通信、氢能、工业气体等行 业，在业内具有较强的技术认可度与市场基础。 建龙微纳表示，本次交易是公司根据自身发展战略进行的重要业务布局。通过本次交易，公司与汉兴能 源将形成良好的协同效益，推动公司实现从材料制造商向综合技术服务商的战略跃升。 具体而言，建龙微纳称，公司长期深耕分子筛材料领域，当前已在石油化工、能源化工、可再生能源、 可再生资源等四大领域积累技术储备与业务基础。通过本次股权收购，公司将引入汉兴能源在工艺工程 与系统集成方面的核心能力，补齐"材料+工艺+装置"的全链条解决方案能力，从而推动产业链向下游 延伸，拓宽业务边界，培育新的增长点。 建龙微纳认为，本次交易预计将为公司带来多层次的协同效益。产业上，双方可基于现有上下游关系， 以"产品+技术服务"组合模式， ...

Core Viewpoint - Jianlong Micro-Nano (688357.SH) has announced the termination of its major asset restructuring plan to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. [4] Group 1: Termination of Restructuring - Jianlong Micro-Nano decided to terminate the cash acquisition of Hanxing Energy after thorough discussions, concluding that the conditions for the restructuring were not mature [4] - The termination was agreed upon by all parties involved, and no formal transaction agreement was signed, thus no party bears liability for breach of contract [6] Group 2: Background of Hanxing Energy - Hanxing Energy is a downstream enterprise of Jianlong Micro-Nano, specializing in hydrogen energy technologies, including hydrogen production, transportation, storage, and refueling stations [4] - The company has a diverse client base, including major firms like China National Petroleum, Sinopec, and Baofeng Energy [4] Group 3: Financial Performance of Hanxing Energy - Hanxing Energy reported revenues of 296 million yuan, 389 million yuan, and 488 million yuan for the years 2021, 2022, and 2023, respectively [5] - The net profits for the same years were 53.09 million yuan, 67.65 million yuan, and 76.74 million yuan, with non-recurring net profits of 49.21 million yuan, 65.45 million yuan, and 71.66 million yuan [5] Group 4: Jianlong Micro-Nano's Business Overview - Jianlong Micro-Nano is a leading enterprise in the molecular sieve materials sector, focusing on industrial gas separation, medical oxygen, and energy chemical applications [5] - In Q3 2025, Jianlong Micro-Nano achieved revenues of 212 million yuan, a year-on-year increase of 12.34%, and a net profit of 24.05 million yuan, up 70.22% year-on-year [6] Group 5: Strategic Cooperation - Despite the termination of the acquisition, Jianlong Micro-Nano and Hanxing Energy have established a comprehensive strategic partnership to leverage their resources and expertise [6] - The partnership will focus on collaborative market development, complementary new products or technologies, and joint development of new products or technologies in various fields, including petroleum refining and renewable energy [6]

Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan, which was intended to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [2][3] Group 1: Termination of Major Asset Restructuring - The company had previously disclosed its intention to acquire shares of Hanxing Energy on June 25, but after thorough discussions and evaluations, it was determined that the conditions for the restructuring were not mature enough [3] - All parties involved in the transaction have mutually agreed to terminate the restructuring plan, and no formal transaction agreements were signed, meaning no party will bear liability for breach of contract [3] - The termination of this 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 [3] Group 2: Strategic Cooperation with Hanxing Energy - Despite the termination of the asset restructuring, Jianlong Micro-Nano has established a comprehensive strategic partnership with Hanxing Energy, focusing on various fields such as petroleum refining, petrochemicals, coal chemicals, new energy, and carbon capture [4] - The partnership aims to leverage both companies' resources, technical expertise, and experience to explore market opportunities, develop new products and technologies, and enhance collaboration [4] Group 3: Financial Performance - For the first three quarters of 2025, Jianlong Micro-Nano reported revenue of approximately 590 million yuan, a year-on-year increase of 4.34%, and a net profit attributable to shareholders of approximately 72.73 million yuan, reflecting a year-on-year growth of 20.15% [5] - The improvement in performance is attributed to an optimized sales structure, increased revenue and gross margin, and effective cost control leading to a decrease in period expenses [5] Group 4: Shareholder Reduction Plan - Jianlong Micro-Nano announced a share reduction plan by shareholders holding more than 5% of the company, with a maximum reduction of 3% of total shares, due to fund expiration and exit arrangements [6] - The reduction will occur through centralized bidding and block trading within three months following the announcement [6]

Core Viewpoint - Jianlong Micro-Nano has announced the termination of its major asset restructuring plan, which aimed to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [1][2] Group 1: Termination of Major Asset Restructuring - The company had previously disclosed its intention to acquire a significant stake in Hanxing Energy on June 25, but after thorough discussions and evaluations, it was determined that the conditions for the restructuring were not mature enough [2] - All parties involved in the transaction have mutually agreed to terminate the restructuring plan, and no formal agreements had been signed, thus avoiding any breach of contract liabilities [2] Group 2: Strategic Cooperation - Despite the termination of the asset restructuring, Jianlong Micro-Nano and Hanxing Energy have established a comprehensive strategic partnership to leverage their respective resources and expertise [3] - The collaboration will focus on several fields, including petroleum refining, petrochemicals, coal chemicals, new energy, natural gas purification and application, renewable energy, carbon capture and utilization, and gas investment [3] Group 3: Financial Performance - For the first three quarters of 2025, Jianlong Micro-Nano reported approximately 590 million yuan in revenue, a year-on-year increase of 4.34%, and a net profit attributable to shareholders of approximately 72.73 million yuan, reflecting a 20.15% year-on-year growth [4] - The improvement in performance is attributed to an optimized sales structure, increased revenue and gross margin, and effective cost control leading to a decrease in period expenses [4]

Core Viewpoint - Jianlong Micro-Nano announced the termination of its major asset restructuring plan, which involved acquiring at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [1][4]. Group 1: Termination of Restructuring - The company and all parties involved in the major asset restructuring agreed to terminate the transaction due to the immaturity of the conditions necessary for implementation [1][4]. - 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][6]. Group 2: Strategic Cooperation - Despite the termination of the asset restructuring, Jianlong Micro-Nano and Hanxing Energy have established a comprehensive strategic partnership to leverage their respective resources and expertise [5]. - The strategic cooperation will focus on several fields, including petroleum refining, petrochemicals, coal chemicals, new energy, natural gas purification and application, renewable energy, and carbon capture and utilization [5]. Group 3: Financial Performance - For the first three quarters of 2025, Jianlong Micro-Nano reported revenue of approximately 590 million yuan, a year-on-year increase of 4.34%, and a net profit attributable to shareholders of approximately 72.73 million yuan, reflecting a year-on-year growth of 20.15% [6]. - The improvement in performance is attributed to an optimized product sales structure, increased revenue and gross margin, and effective cost control leading to a decrease in period expenses [6]. Group 4: Shareholder Actions - The company received a notice from shareholders holding more than 5% of the shares regarding a plan to reduce their holdings due to fund expiration and exit arrangements [7]. - The shareholders plan to reduce their holdings by up to 3% of the total shares, amounting to no more than 3,001,752 shares, through centralized bidding and block trading within three months after the announcement [7].

Core Viewpoint - Jianlong Micro-Nano (688357) announced the termination of its planned acquisition of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. due to the immaturity of conditions for the major asset restructuring [2][5] Group 1: Acquisition Details - Jianlong Micro-Nano initially intended to acquire a majority stake in Hanxing Energy through cash payment [2][5] - The acquisition aimed to enhance the synergy between the two companies, as they operate in related sectors within the hydrogen energy industry [5][6] - Hanxing Energy specializes in hydrogen production, transportation, storage, and related technologies, serving major clients such as China Petroleum and China Petrochemical [5] Group 2: Strategic Partnership - Despite the termination of the acquisition, Jianlong Micro-Nano and Hanxing Energy have established a comprehensive strategic partnership to explore collaborative opportunities in various fields, including oil refining and renewable energy [6] - The partnership will focus on market development, product and technology complementarity, and new product/technology development [6] - Jianlong Micro-Nano aims to seek further development opportunities and integrate quality resources to enrich its product matrix in the future [6]

Core Viewpoint - The company, Jianlong Micro-Nano, announced the termination of its planned acquisition of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. due to the unavailability of favorable conditions for the major asset restructuring [1][2]. Group 1: Acquisition Details - Jianlong Micro-Nano initially intended to acquire a significant stake in Hanxing Energy, which is a downstream enterprise, to enhance its capabilities across the entire value chain from high-performance molecular sieve material development to customer service [4]. - The acquisition was aimed at transforming Jianlong Micro-Nano from a material manufacturer to a technology service provider, leveraging synergies with Hanxing Energy in various business applications [4]. Group 2: Business Impact - The termination of the acquisition will not adversely affect Jianlong Micro-Nano's business operations or financial status, as the company believes there is substantial business synergy value with Hanxing Energy [5]. - Despite the termination, Jianlong Micro-Nano has established a comprehensive strategic partnership with Hanxing Energy, focusing on areas such as oil refining, petrochemicals, coal chemicals, and renewable energy [5]. Group 3: Future Outlook - The company plans to actively seek more development opportunities and integrate quality resources in a diversified manner to enrich its product matrix at an appropriate time [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].

Core Viewpoint - The article discusses the significant asset restructuring of Jianlong Micro-Nano Materials Co., Ltd. (建龙微纳) through the acquisition of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. (汉兴能源), marking the company's first major asset restructuring since its listing [1][4]. Group 1: Acquisition Details - Jianlong Micro-Nano plans to acquire a controlling stake in Hanxing Energy, which will become a subsidiary and included in the consolidated financial statements [1]. - This acquisition is significant as Hanxing Energy previously attempted an IPO on the ChiNext board but withdrew its application [4]. Group 2: Hanxing Energy Overview - Hanxing Energy specializes in the hydrogen energy industry, providing comprehensive services including hydrogen production, transportation, storage, and refueling stations [3]. - The company has established relationships with major clients such as China National Petroleum Corporation and China Petroleum & Chemical Corporation [3]. Group 3: Financial Performance - Hanxing Energy's revenue from 2021 to 2023 was 296 million, 389 million, and 488 million yuan, respectively, with net profits of 53.1 million, 67.7 million, and 76.7 million yuan [4]. - The company faced scrutiny over its IPO fundraising plan, which allocated over 87.82% of the raised funds for working capital, exceeding the regulatory limit of 30% [5][6]. Group 4: Financial Risks - Hanxing Energy's cash flow from operating activities showed volatility, with net cash flows of -18.7 million, 9.98 million, and 64.2 million yuan from 2021 to 2023, indicating potential financial strain [7]. - The company's debt-to-asset ratio remained high at 56.81%, 57.46%, and 55.04% over the same period, raising concerns about its financial stability [7]. Group 5: Strategic Implications for Jianlong Micro-Nano - The acquisition is expected to enhance Jianlong Micro-Nano's capabilities in technology services, transitioning from a materials manufacturer to a technology service provider [9]. - The integration aims to leverage both companies' strengths in the petrochemical and energy sectors, fostering collaboration and resource sharing [9]. Group 6: Jianlong Micro-Nano's Financial Challenges - Jianlong Micro-Nano has faced declining performance, with revenues from 2020 to 2024 of 452 million, 878 million, 854 million, 972 million, and 779 million yuan, and net profits decreasing over three consecutive years [10]. - The company's debt-to-asset ratio increased from 17.57% in 2020 to 39.08% in 2024, indicating rising financial pressure [11].

Group 1 - Jianlong Micro-Nano announced on June 24 that it signed a letter of intent with Shanghai Hanxing Energy Technology Co., Ltd. to acquire at least 51% of Hanxing Energy's equity through cash transfer, making Jianlong Micro-Nano the controlling shareholder after the transaction [1] - Hanxing Energy specializes in the hydrogen energy industry, focusing on upstream hydrogen production and midstream transportation, storage, and refueling stations, providing comprehensive services including technology development, consulting design, and equipment integration [1] - Hanxing Energy has developed a business system around hydrogen energy, serving over 500 clients across various industries, including petrochemicals, metallurgy, and electronics, with products exported to multiple countries and regions [1] Group 2 - Jianlong Micro-Nano is engaged in the research, production, and sales of molecular sieve adsorbents and catalysts for various fields, including industrial gas separation and renewable resources, and has strong independent R&D capabilities [2] - The main products of Jianlong Micro-Nano are molecular sieve adsorbents and catalysts, which have been successfully used in thousands of installations, achieving import substitution and competing with international companies [2] - The strategic integration with Hanxing Energy is expected to create synergies in product technology, market resources, and organizational capabilities, enhancing both companies' competitive positions [2][3] Group 3 - Hanxing Energy possesses rich technical reserves and qualifications in the petrochemical industry, which Jianlong Micro-Nano can leverage for research and market expansion in domestic substitution technologies [3] - The collaboration allows Hanxing Energy to optimize its technical solutions using Jianlong Micro-Nano's resources in molecular sieve materials, enhancing its core competitiveness [3] - The strategic integration aims to establish a complete closed-loop capability from high-performance molecular sieve material R&D to customized process design and customer service, facilitating Jianlong Micro-Nano's transformation from a manufacturer to a technology service provider [3]