华虹公司: 关于2024年度利润分配方案的公告

Profit Distribution Plan - The company plans not to distribute profits for the fiscal year 2024, which includes no cash dividends, no bonus shares, and no capital reserve transfers, with remaining undistributed profits carried over to the next year [1][4] - The decision is based on the company's development stage, R&D investments, operational funding needs, and long-term strategic planning [2][4] Industry Context - The wafer foundry industry is characterized as technology, capital, and talent-intensive, requiring significant capital expenditures and talent investments, with high entry barriers [2] - Competitors in the industry invest heavily in new plant construction, capacity expansion, and product R&D, necessitating substantial funding for the company to maintain technological competitiveness [2] Company Development Stage - The company is currently in a capacity expansion phase, focusing on increasing supply capabilities and enhancing process R&D efforts [2] - The company aims to continuously improve operational management and achieve technological breakthroughs to solidify and enhance market share while maintaining reasonable profit margins [2] Financial Performance - For the fiscal year, the company achieved a total revenue of 1,438,830.77 million RMB and a net profit attributable to shareholders of 38,057.62 million RMB [2] - The company needs to reserve sufficient funds to meet R&D investments, business development, project construction, and working capital requirements to ensure stable operations and healthy growth [2][3] Use of Retained Earnings - The undistributed profits for 2024 will be accumulated for the next year to support production operations, R&D innovation, project construction, and equipment purchases [3] - The company will adhere to relevant laws and regulations while considering various factors related to profit distribution to better protect the long-term interests of all shareholders [3] Shareholder Communication - The company has established multiple channels for investor communication, allowing minority shareholders to express their opinions on cash dividend policies [5] - The company is committed to enhancing investor returns by focusing on improving competitiveness and leveraging existing resources to meet business growth demands [5] Decision-Making Process - The company's board of directors approved the profit distribution plan on March 27, 2025, and it will be submitted for approval at the annual general meeting [5]