GHMC(SZ:000523) Zheng Quan Zhi Xing·2025-03-31 12:17Core Viewpoint - The company, Guangzhou Hongmian Zhihui Science and Technology Innovation Co., Ltd., has proposed not to distribute profits for the fiscal year 2024, which requires approval from the shareholders' meeting [1][2]. Summary by Sections 1. Review Procedure - The company's board of directors and supervisory board approved the profit distribution proposal on March 31, 2025, which will be submitted for shareholder approval [1]. 2. Profit Distribution Plan - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using capital reserves for the fiscal year 2024 [2]. - The consolidated net profit attributable to shareholders for 2024 is 513 million yuan, while the parent company's net profit is 431 million yuan [1]. - As of December 31, 2024, the consolidated undistributed profits stand at -2.744 billion yuan, and the parent company's undistributed profits are -2.940 billion yuan [2]. 3. Cash Dividend Plan - The total cash dividend for the current year is 0.00 yuan, consistent with the previous two years [2]. - The company does not meet the conditions for cash dividends as both consolidated and parent company undistributed profits are negative, and the per-share distributable profit is below 0.01 yuan [3]. 4. Future Considerations - The company will adhere to relevant laws and regulations regarding profit distribution once it meets the necessary conditions, considering factors that benefit both company development and investor returns [4].