Qinghai Salt Lake Industry (000792) 证券之星·2025-03-28 15:23Core Viewpoint - Qinghai Salt Lake Industry Co., Ltd. plans not to distribute profits for the fiscal year 2024 due to negative retained earnings in both consolidated and parent company financial statements [1][2][4] Summary by Sections Profit Distribution Proposal - The company reported a net profit attributable to shareholders of 4.663 billion yuan for 2024, while the parent company reported a net profit of 3.821 billion yuan [1] - The consolidated financial statements show a negative retained earnings of -10.398 billion yuan, and the parent company shows -16.566 billion yuan [2] Cash Dividend Details - Total cash dividends for 2024 are proposed to be 0 yuan, consistent with the previous years where no cash dividends were distributed [2] - The total amount for share repurchase and cancellation in 2024 is approximately 1.499 billion yuan, with a total of 141,304,131 shares canceled, reducing the total share capital from 5.433 billion shares to 5.292 billion shares [2][3] Justification for No Profit Distribution - The company cites that both consolidated and parent company retained earnings are negative, which does not meet the legal and regulatory requirements for profit distribution [4] - The company is exploring the feasibility of using capital reserves to cover losses, pending the release of specific operational guidelines from regulatory authorities [4]