CISC(SH:601005) Zheng Quan Zhi Xing·2025-03-28 14:42Core Viewpoint - Chongqing Iron & Steel Company Limited plans not to distribute profits for the fiscal year 2024 due to negative retained earnings and a net loss of 3.169 billion yuan [1][2]. Group 1: Profit Distribution Plan - The company’s board of directors has proposed a profit distribution plan for 2024 that includes no profit distribution and no capital reserve fund transfer to increase share capital, as the cumulative undistributed profits are negative [1][2]. - As of the end of 2024, the company's net profit is reported at -3.169 billion yuan, with cumulative undistributed profits amounting to -12.335 billion yuan [2][3]. Group 2: Decision-Making Process - The profit distribution plan was approved by the 12th meeting of the 10th board of directors with 9 votes in favor and no opposition or abstentions [3]. - The 8th meeting of the 10th supervisory board also approved the plan with 5 votes in favor, confirming that it complies with relevant laws and regulations and does not harm the interests of the company or minority shareholders [3].