每经记者｜黄鑫磊 每经编辑｜魏官红 10月30日，高空作业车龙头海伦哲（300201.SZ，股价5.51元，市值55.6亿元）公告称，公司与长沙正浩 企业管理咨询有限公司（以下简称"长沙正浩"）、湖南华汛应急装备有限公司（以下简称"湖南华汛"） 签署终止相关股权并购合作的协议书。 原标题：高空作业车龙头海伦哲终止收购湖南华汛股权扩大应急排水市场占有率计划受阻 然而，经过一年多的磋商，各方未能就并购关键条款达成一致意见。根据终止协议，原协议自终止协议 生效之日起终止，各方确认就原协议的履行不存在纠纷，不存在依据原协议向其他方主张任何与本次并 购相关的权利、费用、赔偿或违约责任等情形，在尽职调查过程中已相互披露的保密信息仍受原协议约 束，保密期限及例外情形按原协议执行。海伦哲表示，此次终止事项不会影响公司正常经营，也不会影 响公司未来的发展规划，不存在损害公司及全体股东利益的情形。 重点开发城市排涝产品 从行业环境来看，应急产业仍处于政策红利期，《安全应急装备重点领域发展行动计划（2023—2025 年）》提出，力争到2025年安全应急装备重点领域产业规模超过1万亿元，形成10家以上具有国际竞争 力的龙头企业、5 ...

Core Viewpoint - The company Helen Zhe announced the termination of its equity acquisition cooperation with Changsha Zhenghao and Hunan Huaxun, which was initially aimed at gaining control over Hunan Huaxun, a company specializing in emergency drainage equipment [1][2][3]. Financial Performance - For the first three quarters of 2025, the company reported a revenue of 1.29 billion yuan, representing a year-on-year growth of 28.75% - The net profit attributable to shareholders reached 176 million yuan, up 32.57% year-on-year, with basic earnings per share approximately 0.19 yuan, an increase of 39.05% [1]. Acquisition Details - The acquisition agreement was signed in September 2024, with the intention to enhance the company's market share in emergency drainage products [2]. - Hunan Huaxun's products, including portable high-flow submersible pumps and emergency drainage vehicles, were highlighted for their application in disaster relief efforts [2]. Termination of Acquisition - After over a year of negotiations, the parties could not reach an agreement on key terms of the acquisition, leading to the termination of the original agreement without disputes or claims against each other [3]. - The company stated that this termination would not affect its normal operations or future development plans [3]. Industry Environment - The emergency industry is currently benefiting from policy incentives, with a target to exceed 1 trillion yuan in industry scale by 2025, aiming to develop over 10 leading enterprises with international competitiveness [4]. - As of August 2024, there were 1,953 emergency product tenders totaling approximately 2.9 billion yuan, with significant demand for drainage vehicles [4]. Product Development Focus - The company plans to focus on developing small, high-capacity urban drainage products and optimizing configurations for pumps with capacities between 3,000 m³/h and 5,000 m³/h [4]. - The introduction of intelligent and digital technologies is also a priority for enhancing product efficiency [4]. New Product Innovations - The company has developed a lightweight power supply vehicle aimed at improving emergency power supply operations in urban areas, along with a new robotic insulated boom lift, achieving over 110 signed contracts worth 154 million yuan [5]. Stake in Related Company - The company holds a 22.93% stake in Guangdong Xinyu Intelligent Equipment Co., becoming its largest shareholder, which specializes in lithium battery production equipment [6]. - The related company has seen a year-on-year order increase of approximately 89%, with 60% of new orders related to energy storage [6].