Group 1 - The company plans not to distribute profits for the fiscal year 2024 due to negative retained earnings in both consolidated and parent company financial statements, despite achieving a net profit of 114.5 million yuan [1][4] - The consolidated net profit attributable to shareholders for 2024 is reported as 114.5 million yuan, while the parent company's net profit stands at -245.58 million yuan, leading to a total retained earnings of -1.33 billion yuan [1][2] - The decision to not distribute profits or increase share capital from capital reserves will be carried over to the next fiscal year [2][4] Group 2 - The board of directors approved the profit distribution proposal during the third meeting of the tenth board on March 28, 2025, and it will be submitted for shareholder approval [2][5] - The supervisory board also reviewed and approved the same proposal on the same date, confirming the decision to not distribute profits [2][5] - The company does not trigger any risk warning scenarios as per the Shanghai Stock Exchange regulations due to the negative retained earnings [2]
五矿发展: 五矿发展股份有限公司关于2024年度拟不进行利润分配的公告