Jingsheng Shares announced on August 30 that it has decided to terminate the issuance of shares and payment of cash to purchase assets, the related fundraising, and the connected transaction, and to withdraw the application documents. The restructuring was initiated in August 2025 and was called off after about a year. The company had originally planned to acquire 100 percent of Beijing Weizhun Intelligent Technology Co., Ltd., but due to changes in the overall market environment compared with the early stage of the transaction planning, and after prudent consideration and friendly consultation with the transaction parties, it decided to terminate the deal. The company pledged not to plan any major asset restructuring for at least one month from the date of the termination announcement, and plans to hold an investor briefing on September 1. The 2026 semi-annual report disclosed on the same day shows that the company achieved operating revenue of 40.6483 million yuan in the first half of the year, down 41.72 percent year on year. Net profit attributable to shareholders of the listed company was negative 11.7651 million yuan, down 100.04 percent year on year. Despite the earnings pressure, the company maintained high research and development investment, with first-half R&D expenses of 21.0355 million yuan, accounting for 51.75 percent of operating revenue.
Crystal Growth & Energy Equipment Co. Ltd. AJingsheng Shares terminated its major asset restructuring to acquire Beijing Weizhun and withdrew application documents, and reported H1 revenue down 41.72% with net loss widening 100.04%.
Beijing Weizhun was the acquisition target whose 100% stake purchase was terminated due to changed market environment, leaving its deal outcome unclear.
