Understanding the Profit Distribution Decisions of鏁︾厡绉嶄笟 and 閲戣兘绉戞妧
When it comes to financial decisions, especially those related to profit distribution, it’s crucial to delve into the specifics of each company’s situation. In this article, we will explore the profit distribution decisions made by two Chinese companies, 鏁︾厡绉嶄笟 and 閲戣兘绉戞妧, based on their 2024 annual reports and announcements.
鏁︾厡绉嶄笟’s 2024 Profit Distribution Decision
According to a鍏憡 released by 鏁︾厡绉嶄笟 on March 21, 2025, the company has decided not to distribute profits for the year 2024. This decision has been approved by both the company’s board of directors and the board of supervisors, and it will be submitted to the annual general meeting for final approval.
As of the end of 2024, 鏁︾厡绉嶄笟’s net profit was 117,005,536.56 yuan, with the net profit attributable to shareholders amounting to -913,460,375.03 yuan. The available profit for distribution to shareholders was -867,476,230.03 yuan. The accumulated retained earnings of the parent company were -1,009,897,843.62 yuan, which is negative.
The company’s decision not to distribute profits for 2024 is based on the negative accumulated retained earnings. According to the provisions of the “Company Law” and the “Articles of Association,” the company is not eligible for profit distribution when the accumulated retained earnings are negative. Therefore, the board of directors proposed not to distribute profits for 2024, which will be submitted to the annual general meeting for approval.
閲戣兘绉戞妧’s 2024 Profit Distribution Decision
In a鍏憡 released by 閲戣兘绉戞妧 on the same day, the company also announced that it will not distribute profits for the year 2024. The profit distribution plan has been approved by the board of directors and will be submitted to the annual general meeting for final approval.
According to the audit report, 閲戣兘绉戞妧’s net profit attributable to shareholders for 2024 was -57,872,897.83 yuan, with the net profit of the parent company amounting to 140,783,600.49 yuan. According to the provisions of the “Company Law” and the “Articles of Association,” the company is not eligible for cash dividends and other forms of profit distribution this year.
The company’s decision not to distribute profits for 2024 is based on the fact that it does not meet the conditions for implementing cash dividends. According to the provisions of the “Articles of Association,” the company is not eligible for cash dividends and other forms of profit distribution when it does not meet the conditions for implementing cash dividends. Therefore, the board of directors proposed not to distribute profits for 2024, which will be submitted to the annual general meeting for approval.
Comparison of Profit Distribution Decisions
Both 鏁︾厡绉嶄笟 and 閲戣兘绉戞妧 have decided not to distribute profits for the year 2024. The reasons for their decisions are mainly due to the negative accumulated retained earnings and the fact that they do not meet the conditions for implementing cash dividends.
| Company | Net Profit for 2024 | Accumulated Retained Earnings | Decision for Profit Distribution |
|---|---|---|---|
| 鏁︾厡绉嶄笟 | 117,005,536.56 yuan | -1,009,897,843.62 yuan | Not to distribute profits |
| 閲戣兘绉戞妧 | -57,872,897.83 yuan | 140,783,600.49 yuan | Not to distribute profits |
It is worth noting that both companies have emphasized that their decisions not to distribute profits for 2024 are in accordance with relevant laws and regulations and the provisions of the “Articles of Association.” They also mentioned that they will strive to improve their financial performance and will consider distributing profits in the future when conditions permit.
In conclusion, the profit distribution decisions made by 鏁︾厡绉嶄笟 and 閲戣兘绉戞妧
