Core Viewpoint - The acquisition of Shanghai Hanxing Energy Technology Co., Ltd. by Luoyang Jianlong Micro-Nano New Materials Co., Ltd. was terminated after five months due to unfulfilled conditions, impacting the stock performance of Jianlong Micro-Nano [2][4][18]. Group 1: Acquisition Details - On June 24, 2025, Jianlong Micro-Nano signed a cooperation intention agreement to acquire at least 51% of Hanxing Energy [1]. - The stock price of Jianlong Micro-Nano rose after the acquisition announcement, reaching a peak of 41.86 yuan per share on November 12, 2025 [8]. - The acquisition was officially terminated on November 26, 2025, leading to a 3.59% drop in stock price to 32.78 yuan per share the following day [4]. Group 2: Financial Performance - Jianlong Micro-Nano's revenue from 2021 to 2024 was 878 million, 854 million, 972 million, and 779 million yuan, with net profits declining from 275 million to 75 million yuan over the same period [10]. - In contrast, Hanxing Energy showed stable growth with revenues of 296 million, 389 million, and 488 million yuan from 2021 to 2023, and net profits increasing from 53.09 million to 76.74 million yuan [11]. Group 3: Strategic Implications - Both companies are part of the same industrial chain, and the acquisition was expected to create synergies in technology, market resources, and organizational capabilities [12]. - Despite the termination of the acquisition, both companies identified significant business collaboration opportunities and established a strategic partnership to work together in various fields, including oil refining and renewable energy [18].

Core Viewpoint - Jianlong Micro-Nano 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 [1][3]. Group 1: Acquisition Details - Jianlong Micro-Nano had previously signed a letter of intent on June 24 to acquire a majority stake in Hanxing Energy, which is a downstream enterprise [3]. - The acquisition aimed to create a full-chain capability from high-performance molecular sieve material R&D to end-customer services, facilitating a transformation from a material manufacturer to a technology service provider [3]. Group 2: Company Profiles - Hanxing Energy specializes in hydrogen energy technologies, including hydrogen production, transportation, storage, and refueling stations, serving major clients like China Petroleum and China Petrochemical [3]. - Jianlong Micro-Nano is the first Sci-Tech Innovation Board listed company in Henan, focusing on the R&D, production, and sales of molecular sieve adsorbents and catalysts in various sectors, including industrial gas separation and renewable energy [3]. Group 3: Future Plans - The termination of the acquisition will not adversely affect Jianlong Micro-Nano's business operations or financial status [4]. - The company plans to establish a comprehensive strategic partnership with Hanxing Energy, focusing on areas such as oil refining, new energy, and carbon capture, while exploring new product and technology development [4]. - Jianlong Micro-Nano aims to seek more development opportunities and diversify its resource integration in the future [4].

Core Viewpoint - The company, Luoyang Jianlong Micro-Nano New Materials Co., Ltd. (Jianlong Micro-Nano), has decided to terminate its plan for a significant asset restructuring involving the cash purchase of at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. (Shanghai Hanxing Energy) [1][2] Group 1 - Jianlong Micro-Nano signed a cooperation intention agreement with Shanghai Hanxing Energy on June 24, aiming to acquire a controlling stake [1] - The termination of the asset restructuring was agreed upon after discussions revealed that the conditions for proceeding were not mature [1][3] - Jianlong Micro-Nano primarily engages in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in various fields, including industrial gas separation and petrochemicals [1] Group 2 - Despite the termination of the acquisition, both companies recognize significant business synergy and have established a comprehensive strategic partnership [2] - The strategic cooperation will focus on areas such as oil refining, petrochemicals, coal chemicals, new energy, and carbon capture [2] - Jianlong Micro-Nano aims to seek more development opportunities in the future to enhance its product matrix and improve profitability [2]

Core Viewpoint - Jianlong Micro-Nano's stock price has experienced fluctuations, with a year-to-date increase of 63.37% but a recent decline of 10.56% over the past five trading days [1] Company Overview - Jianlong Micro-Nano Materials Co., Ltd. is located in Yanshi District, Luoyang City, Henan Province, and was established on July 27, 1998, with its listing date on December 4, 2019 [1] - The company specializes in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in fields such as medical oxygen, energy chemistry, environmental protection, energy-saving building materials, and refrigeration systems [1] - The main business revenue is derived entirely from product sales, accounting for 100% [1] Financial Performance - For the period from January to September 2025, Jianlong Micro-Nano achieved operating revenue of 590 million yuan, representing a year-on-year growth of 4.34% [1] - The net profit attributable to the parent company was 72.73 million yuan, showing a year-on-year increase of 20.15% [1] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 9.71% to 6,257, while the average circulating shares per person decreased by 8.85% to 15,991 shares [1] - The company has distributed a total of 298 million yuan in dividends since its A-share listing, with 139 million yuan distributed over the past three years [2] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include Noan Pioneer Mixed A (320003) as the fifth largest shareholder, holding 4.0588 million shares, an increase of 486,000 shares from the previous period [2] - Noan Preferred Return Mixed A (001743) is the seventh largest shareholder, maintaining its holding of 1.6448 million shares [2]

Group 1 - The core viewpoint of the news is that Jianlong Micro-Nano has seen a stock price increase of 5.04%, reaching 40.88 CNY per share, with a total market capitalization of 4.09 billion CNY [1] - Jianlong Micro-Nano specializes in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in various fields including medical oxygen, energy chemistry, environmental protection, energy-saving building materials, and refrigeration systems [1] - The company's main business revenue is entirely derived from product sales, accounting for 100% of its revenue [1] Group 2 - According to data, the fund "Everbright Prudential Sunshine Three-Month Holding Period Mixed (FOF) A" holds 26,400 shares of Jianlong Micro-Nano, representing 0.2% of the fund's net value, making it the fifth largest holding [2] - The fund has generated an estimated floating profit of approximately 51,700 CNY from its investment in Jianlong Micro-Nano [2] - The fund was established on June 19, 2025, with a current scale of 416 million CNY and has achieved a return of 18.48% since inception [2] Group 3 - The fund managers of "Everbright Prudential Sunshine Three-Month Holding Period Mixed (FOF) A" are Zhao Hao and Zhang Yun, with Zhao having a tenure of 70 days and Zhang having a tenure of 336 days [3] - Zhao Hao's fund has a total asset scale of 526 million CNY, with the best return during his tenure being 3.76% and the worst being 3.69% [3] - Zhang Yun's fund has a total asset scale of 629 million CNY, with the best return during his tenure being 18.48% and the worst being 13.25% [3]

Group 1 - The core point of the news is that Jianlong Micro-Nano has experienced a decline in stock price, dropping by 5.2% to 35.72 CNY per share, with a total market capitalization of 3.574 billion CNY [1] - Jianlong Micro-Nano specializes in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in various fields including medical oxygen, energy chemistry, environmental protection, energy-saving building materials, and refrigeration systems [1] - The company's main business revenue is entirely derived from product sales, accounting for 100% of its revenue [1] Group 2 - From the perspective of fund holdings, one fund under Caitong Fund has Jianlong Micro-Nano as a significant holding, with 1,000 shares representing 0.05% of the fund's net value [2] - The fund, Caitong Yixiang Steady Pension One-Year Holding Period Mixed Initiation (FOF) (021166), has a current scale of 54.72 million CNY and has achieved a year-to-date return of 6.84% [2] - The fund's performance ranks 722 out of 1,046 in its category this year, with a one-year return of 9.99%, ranking 633 out of 1,015 [2]

Group 1 - The core viewpoint of the news is that Jianlong Micro-Nano has seen a stock price increase of 5.2%, reaching 38.81 yuan per share, with a total market capitalization of 3.883 billion yuan [1] - Jianlong Micro-Nano specializes in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in various fields including medical oxygen, energy chemicals, environmental protection, energy-saving building materials, and refrigeration systems [1] - The company's main business revenue is entirely derived from product sales, accounting for 100% of its revenue [1] Group 2 - According to data from fund holdings, a fund under Zheshang Securities Asset Management has Jianlong Micro-Nano as one of its top ten heavy positions, holding 32,200 shares, which represents 0.73% of the fund's net value [2] - The fund, Zheshang Huijin Quantitative Selected Stocks A (011824), has achieved a year-to-date return of 26.65% and a one-year return of 51.51%, ranking 1969 out of 4220 and 1436 out of 3835 in its category respectively [2] - The fund manager, Chen Gujun, has been in position for 5 years and 254 days, with the fund's total asset size at 204 million yuan [3]

Group 1 - The core point of the news is that Jianlong Micro-Nano has seen a stock price increase of 5.31%, reaching 34.14 CNY per share, with a total market capitalization of 3.416 billion CNY [1] - Jianlong Micro-Nano, established on July 27, 1998, specializes in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in various fields including medical oxygen, energy chemistry, environmental protection, energy-saving building materials, and refrigeration systems [1] - The company's main revenue composition includes 95.36% from molecular sieve materials, 2.82% from activated alumina, and 1.82% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under Zheshang Securities Asset Management has Jianlong Micro-Nano as a significant investment, holding 32,200 shares, which accounts for 0.73% of the fund's net value [2] - The Zheshang Huijin Quantitative Selected Stock A fund has achieved a year-to-date return of 23.52% and a one-year return of 58.88%, ranking 1698 out of 4222 and 1287 out of 3789 in its category, respectively [2] - The fund manager, Chen Gujun, has been in position for 5 years and 229 days, with the fund's total asset size at 204 million CNY [3]

Group 1: Mergers and Acquisitions Overview - During the period from June 23 to June 28, 2025, four listed companies announced new mergers and acquisitions, including Guotou Zhonglu, Shaoyang Hydraulic, Longyang Electronics, and Jianlong Micro-Nano, covering industries such as agriculture, machinery, electronics, and basic chemicals [1][6][9]. Group 2: Guotou Zhonglu - Guotou Zhonglu specializes in the production and sales of concentrated fruit and vegetable juices, with its main product being concentrated apple juice. The company operates on a B2B sales model and maintains long-term stable relationships with well-known beverage and food companies [1][6]. - The target company for this transaction is China Electronic Engineering Design Institute Co., Ltd., which has a registered capital of 9,242.74508 million yuan and was established on August 27, 1992 [1][6]. Group 3: Shaoyang Hydraulic - Shaoyang Hydraulic focuses on industrial transmission and high-end manufacturing, achieving domestic substitution of hydraulic products through independent research and technological innovation. In 2024, the R&D investment was 16,007,060.18 yuan, accounting for 4.56% of revenue [2][7]. - The company is planning to issue shares and pay cash to acquire a stake in Chongqing Xincheng Hangrui Technology Co., Ltd., which is expected to constitute a major asset restructuring [2][7]. Group 4: Longyang Electronics - Longyang Electronics primarily deals with electromagnetic shielding materials, with stable and significantly growing revenue. The company has a concentrated customer base among high-end brands, ensuring strong order support [2][7]. - The company plans to acquire 100% of Suzhou Deyou New Material Technology Co., Ltd. through cash payment, with funding sourced from part of the raised funds and its own capital [2][7]. Group 5: Jianlong Micro-Nano - Jianlong Micro-Nano is engaged in the research, production, sales, and technical services of molecular sieve adsorbents and catalysts in various fields, including industrial gas separation and renewable resources [3][8]. - The company is planning to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment, aiming to create a closed-loop integration from material research and process design to end services [3][8].

Core Viewpoint - Jianlong Micro-Nano plans to acquire at least 51% of Hanxing Energy, which is expected to constitute a major asset restructuring, marking a shift from IPO aspirations to mergers and acquisitions [2][5]. Group 1: Acquisition Details - Jianlong Micro-Nano signed a cooperation intention agreement with Hanxing Energy and its shareholders to acquire a majority stake through cash payment [5]. - The final equity ratio and transaction price will be determined through further negotiations and a formal acquisition agreement [12]. Group 2: Strategic Synergy - The acquisition aims to create a dual synergy between Jianlong Micro-Nano and Hanxing Energy, enhancing product technology, market resources, and organizational capabilities [2][14]. - Jianlong Micro-Nano intends to transition from a material manufacturer to a technology service provider, establishing a full-chain capability from high-performance molecular sieve material R&D to end-customer services [2][15]. Group 3: Financial Performance of Hanxing Energy - Hanxing Energy's revenue for 2021, 2022, and 2023 was 296 million, 389 million, and 488 million yuan respectively, with net profits of approximately 52.87 million, 68.58 million, and 73.97 million yuan [17]. - The total assets of Hanxing Energy reached 1.165 billion yuan in 2023, with a debt ratio of 66.76% [18]. Group 4: Market Position and Clientele - Hanxing Energy specializes in hydrogen energy technology development and has established a strong client base, including major companies like China National Petroleum and Sinopec [15][17]. - The company has developed core technologies in various fields, including petrochemicals and industrial gases, which can be further optimized through the resources of Jianlong Micro-Nano [18]. Group 5: Financial Performance of Jianlong Micro-Nano - Jianlong Micro-Nano reported a revenue of 778.75 million yuan in 2024, a decrease of 19.90% year-on-year, with a net profit of approximately 74.76 million yuan, down 51.15% [19][20]. - The decline in performance is attributed to weak demand in the industrial gas sector and reduced operational loads of air separation equipment [21].