Core Viewpoint - The company has decided to terminate the acquisition of assets and related fundraising due to the inability to reach an agreement on key terms with the counterparty, prioritizing the interests of the company and its shareholders [2][5]. Group 1: Termination of Transaction - On September 19, the company held meetings to approve the termination of the acquisition and related fundraising, and authorized management to handle the termination matters [4][5]. - The planned transaction involved acquiring 100% equity of Xinghe Power (Beihai) Technology Co., Ltd. from Shenzhen Xinghe Power Technology Co., Ltd. through a combination of share issuance and cash payment [5]. Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 82.88 million yuan, a year-on-year decrease of 51.96%, and a net profit attributable to shareholders of -0.8498 million yuan, a decline of 112.14% [6]. - The company experienced delays in project bidding, contract signing, and acceptance due to reduced industry investment and delayed customer demand, leading to lower-than-expected new project numbers and amounts [6]. Group 3: Market Position and Strategy - The company aims to expand from G-end clients to large B-end clients through the terminated transaction, enhancing its customer base and entering the higher value-added data operation sector [5]. - The company specializes in providing professional information technology services for public safety and social governance, focusing on urban public safety management systems [5]. Group 4: Stock Performance - As of September 19, the company's stock closed at 15.03 yuan per share, with a total market capitalization of approximately 1.75 billion yuan [7].

Core Viewpoint - Zhongke Tongda plans to acquire 100% equity of Beihai Technology, leading to a significant drop in its stock price upon resumption of trading, closing at 15.17 yuan, down 9.65% with a total market value of 1.765 billion yuan [1] Group 1: Acquisition Details - The company intends to purchase the equity from Shenzhen Xinghe Power Technology Co., Ltd. through a combination of issuing shares and cash payments, with the specific transaction price yet to be determined [1][2] - The issuance price for the shares is set at 12.30 yuan per share, with the cash portion funded through raised capital and self-financing [1][2] - The total amount of raised funds will not exceed 100% of the transaction price and will be used for various purposes including cash payments for the acquisition and operational expenses [2] Group 2: Financial Performance - The target company, Beihai Technology, is projected to generate revenues of 39.02 million yuan and 85.59 million yuan for the years 2023 and 2024, respectively, with net profits of 3.36 million yuan and 32.68 million yuan [5] - Zhongke Tongda reported a total revenue of 349.74 million yuan for 2024, reflecting a year-on-year increase of 59.54%, but a net loss of 17.31 million yuan [6][7] - The company has experienced significant losses in previous years, with net profits of -8.44 million yuan in 2022 and -10.25 million yuan in 2023 [7][8] Group 3: Strategic Implications - The acquisition is expected to enhance Zhongke Tongda's capabilities in data analysis and operations, facilitating a strategic shift from G-end to B-end clients and improving overall market competitiveness [4] - The transaction is classified as a major asset restructuring and will require approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission [3]