HYC(SZ:000586) Zheng Quan Zhi Xing·2025-03-26 11:17Core Viewpoint - The company, Sichuan Huiyuan Optical Communication Co., Ltd., announced that it will not distribute profits for the fiscal year 2024 due to negative net profit and negative distributable profits in the parent company's financial statements [1][2]. Summary by Sections 1. Approval Process - The profit distribution plan for 2024 was approved by the Board of Directors and the Supervisory Board during meetings held on March 26, 2025, and will be submitted for shareholder approval [1][2]. 2. Profit Distribution Plan - The net profit attributable to shareholders for 2024 is reported as -9,342,609.95 yuan, leading to a proposal of no profit distribution and no capital reserve increase [2][3]. 3. Cash Dividend Details - The total cash dividend for the current year is 0 yuan, consistent with the previous two years. The cumulative undistributed profits at the end of the current year for the consolidated report stand at 47,892,891.86 yuan, while the parent company's cumulative undistributed profits are -146,879,551.10 yuan [3]. 4. Justification for No Profit Distribution - The company cites the negative distributable profits in the parent company's financial statements as the reason for not meeting the conditions for profit distribution. The decision considers the current market environment, operational conditions, and the need to support subsidiaries [4][5]. 5. Future Outlook - The company emphasizes its commitment to improving investor returns through new product development, process improvements, and exploring new industries to enhance profitability and achieve sustainable development [5].