【导读】海泰发展终止收购知学云控股权，此前预计构成重大资产重组 12月5日晚间，海泰发展（600082）发布公告称，因交易双方尚未就交易对价、交易方式等关键交易条款达成一致意见，公司决定终止以现金方式收购知 学云（北京）科技股份有限公司（以下简称知学云）控股权事项。 此前，海泰发展预计上述交易构成《上市公司重大资产重组管理办法》规定的重大资产重组，部分投资者关注上述交易能否顺利推进。 截至12月5日收盘，海泰发展股价报4.77元/股，总市值为30.82亿元。 来源：海泰发展2025年第三季度业绩说明会 如今，海泰发展终止收购知学云控股权，承诺自终止本次交易事项披露之日起至少1个月内，不再筹划重大资产重组事项。同时，海泰发展将针对本次交 易进行内幕知情人登记及自查工作。 历时半年终止重大资产重组 将针对交易实施自查工作 海泰发展筹划收购知学云控股权事项历时半年。6月5日晚间，海泰发展公告称，公司董事会在当日审议通过议案，筹划以现金方式收购知学云控股权。 在11月19日召开的海泰发展2025年第三季度业绩说明会上，部分投资者就本次交易能否顺利推进，多次询问海泰发展的相关高管，但未获正面回应。 公告显示，海泰发展计 ...

【导读】海泰发展终止收购知学云控股权，此前预计构成重大资产重组 12月5日晚间，海泰发展发布公告称，因交易双方尚未就交易对价、交易方式等关键交易条款达成一致意见，公司决定终止以现金方式收购知学云（北 京）科技股份有限公司（以下简称知学云）控股权事项。 此前，海泰发展预计上述交易构成《上市公司重大资产重组管理办法》规定的重大资产重组，部分投资者关注上述交易能否顺利推进。 截至12月5日收盘，海泰发展股价报4.77元/股，总市值为30.82亿元。 历时半年终止重大资产重组 将针对交易实施自查工作 海泰发展筹划收购知学云控股权事项历时半年。6月5日晚间，海泰发展公告称，公司董事会在当日审议通过议案，筹划以现金方式收购知学云控股权。 在11月19日召开的海泰发展2025年第三季度业绩说明会上，部分投资者就本次交易能否顺利推进，多次询问海泰发展的相关高管，但未获正面回应。 来源：海泰发展2025年第三季度业绩说明会 如今，海泰发展终止收购知学云控股权，承诺自终止本次交易事项披露之日起至少1个月内，不再筹划重大资产重组事项。同时，海泰发展将针对本次交 易进行内幕知情人登记及自查工作。 公告显示，海泰发展计划向中国证券登记 ...

Group 1 - The core point of the article is that Haitai Development plans to acquire a controlling stake in Zhixueyun through a cash transaction, marking its entry into the digital and intelligent new productivity sector [2][5]. - The acquisition is characterized by "cash purchase + control integration," with Haitai Development aiming to optimize its industrial structure and explore new business segments aligned with its strategic planning [5][7]. - Zhixueyun, established in 2013, focuses on AI-driven learning solutions and is recognized as a "little giant" enterprise in Beijing, which aligns with Haitai Development's goal of expanding into digital services [7][8]. Group 2 - The transaction is expected to constitute a significant asset restructuring under the regulations, although the specific transaction price and equity acquisition ratio are yet to be finalized [5][8]. - Haitai Development's financial performance shows challenges, with a reported revenue of 7.78 million yuan in Q1, a year-on-year decline of 35.15%, and a net profit attributable to shareholders of -13.71 million yuan, indicating the financial pressures associated with the acquisition [8]. - The company's stock price has seen a significant increase, rising 62.2% since April 9, with a closing price of 4.12 yuan per share on June 5, reflecting positive market sentiment towards the acquisition [8].

Core Viewpoint - HaiTai Development is planning to acquire a controlling stake in ZhiXueYun, an AI-based learning solutions provider, to enhance its business and create a second growth curve [1][6]. Group 1: Acquisition Details - HaiTai Development is in the process of negotiating the cash purchase of ZhiXueYun's controlling stake, with the exact transaction price and share acquisition ratio yet to be determined [1][3]. - The acquisition aims to secure control over ZhiXueYun, which will become a subsidiary of HaiTai Development upon completion of the transaction [3][6]. - The transaction is still in the planning stage, and no formal agreements have been signed, pending further negotiations and necessary approvals [3][4]. Group 2: ZhiXueYun Overview - ZhiXueYun focuses on providing AI-driven digital learning solutions, helping clients achieve scalable, intelligent, and personalized talent development [1][8]. - The company has developed a proprietary low-code PaaS platform and serves over 2,500 clients, with more than 30 million users and a market coverage exceeding 60% [8][9]. - Notable clients include major enterprises such as China Nuclear Group, China Mobile, and SAIC Group [9]. Group 3: HaiTai Development's Business Context - HaiTai Development primarily operates in industrial real estate development and has faced declining revenues for three consecutive years, with a reported revenue of 7.78 million yuan in Q1 2025, down 35.15% year-on-year [11]. - The company aims to diversify its business and enhance its core competitiveness through this acquisition, which aligns with the interests of its shareholders [6][11]. - As of Q1 2025, HaiTai Development had a cash balance of 418 million yuan, indicating its financial capacity to pursue this acquisition [11].