Shangong Shenbei: The previous acquisition of ICON company's related assets has not yet generated profits

On October 28th, Jin10 Data reported that Shanggong Shenbei issued a risk reminder announcement for stock trading. In July 2024, the company completed the acquisition of the effective assets of the US ICON company through its subsidiary SGIA. There is a risk that the integration measures may be difficult to achieve the expected progress and effectiveness in the subsequent operation and management process, leading to a disconnect in product delivery, as well as uncertainties in the industrialization process of the purchased assets in different industries from the company’s current main business, which may result in business development not meeting expectations. As of now, the ICON company’s related assets acquired in the previous acquisition have not generated profits, and there may be a risk of increased operating expenses leading to a decline in the company’s performance. It is also expected that SGIA may not achieve profitability in 2024, which may have no positive impact on the company’s performance in 2024.