XLKG(SZ:000955) Zheng Quan Zhi Xing·2025-04-02 10:28Core Viewpoint - The company, Xinlong Holdings, has announced that it will not distribute profits for the fiscal year 2024 due to negative net profits and accumulated losses [1]. Group 1: Profit Distribution Plan - The company’s net profit attributable to shareholders for 2024 is reported as -16,612,654.59 yuan, with accumulated undistributed profits for the parent company at -391,179,507.90 yuan and consolidated undistributed profits at -379,984,518.02 yuan [1]. - The company plans to implement no cash or stock dividend distribution and will not conduct capital reserve transfers to increase share capital [1]. Group 2: Specifics on Non-Distribution of Cash Dividends - The total cash dividend for the current year is 0.00 yuan, consistent with the previous two years [1]. - The net profit attributable to shareholders for the previous year was -28,428,383.30 yuan, and for the year before that, it was -120,440,704.30 yuan [1]. - The cumulative undistributed profits at the end of the current year are -379,984,518.02 yuan for consolidated statements and -391,179,507.90 yuan for the parent company [1]. Group 3: Reasons for Non-Distribution of Profits - The decision not to distribute profits is based on the negative accumulated profits in both consolidated and parent company statements, which do not meet the objective conditions for profit distribution [1]. - The board of directors aims to ensure the company's sustainable and stable development while protecting the long-term interests of all shareholders [1].