Core Viewpoint - The company Qingdao Deguote Energy Equipment Co., Ltd. has announced the termination of its plan to acquire 100% equity of Haowei Cloud Computing Technology Co., Ltd. due to a lack of consensus on transaction terms among parties involved [1][2]. Group 1: Company Overview - Deguote is recognized as a "hidden leader" in the carbon black equipment manufacturing industry, focusing on four major sectors: energy efficiency, advanced environmental protection, resource recycling, and customized equipment [2]. - The company has three main product lines: energy-saving heat exchange equipment, powder equipment, and specialized customized equipment [2]. Group 2: Financial Performance - In Q3 2025, Deguote achieved a total operating revenue of 132 million yuan, a quarter-on-quarter increase of 4.94%, and a net profit attributable to shareholders of 23.23 million yuan [2]. - The net cash flow from operating activities for the first three quarters reached 60.55 million yuan, a significant year-on-year increase of 1447.22% [2]. - Total assets amounted to 1.238 billion yuan, reflecting a growth of 10.09% compared to the end of 2024 [2]. Group 3: Market Position and Strategy - Deguote holds a strong market share both domestically and internationally, maintaining a high gross profit margin due to its ongoing internationalization strategy [2]. - The company has established a global sales network and accumulated a substantial number of high-quality overseas clients [2]. - The termination of the acquisition is viewed as a proactive decision, indicating the company's commitment to exploring new development paths through capital operations [2][3]. Group 4: Industry Context - The termination of mergers and acquisitions is not uncommon in the capital market, with 48 announced terminations in the A-share market this year, reflecting a rational assessment of merger quality [3]. - Deguote's improved revenue and cash flow, along with steady asset expansion, demonstrate enhanced operational quality and resource readiness for future business development [3].