Core Viewpoint - Shenzhen Santai E-commerce Co., Ltd. plans not to distribute profits for the fiscal year 2024, aiming to support its long-term development strategy and ensure stable operations [1][2][4]. Group 1: Meeting Procedures - The independent directors approved the proposal with a unanimous vote of 3-0, stating it aligns with legal regulations and the company's strategic goals [1]. - The board of directors also approved the proposal with a vote of 7-0, agreeing to submit it for shareholder approval [1][2]. - The supervisory board supported the proposal with a vote of 3-0, emphasizing its compliance with company regulations and its benefits for long-term investor interests [2]. Group 2: Profit Distribution Proposal Details - The company reported a net profit of CNY 3,845,048.77 for 2024, with a legal reserve of CNY 384,504.88, and an undistributed profit from the previous year of CNY 324,209,581.95 [2][3]. - The total cash dividend for 2024 is proposed to be CNY 0, compared to CNY 110,439,171.22 in 2023 [3][4]. - The company’s net profit attributable to shareholders for the last fiscal year was CNY 14,368,810.17, reflecting a significant decline of 88.38% year-on-year [5]. Group 3: Rationale for No Profit Distribution - The decision to not distribute profits is based on the need for capital to support ongoing investments in emerging e-commerce platforms and AI SaaS software, which are currently in development phases [5][6]. - The retained earnings will be used to meet operational and project funding needs, ensuring the implementation of the company's long-term strategic plans [6]. - The proposal is consistent with regulatory guidelines and aims to protect the long-term interests of shareholders [6]. Group 4: Industry Context - The company operates in the cross-border e-commerce sector, which is supported by national policies and is experiencing growth, with a reported 10.8% increase in cross-border e-commerce imports and exports in 2024 [4]. - The company aims to leverage technology and innovation to enhance trade efficiency and meet global customer demands [4].
三态股份: 关于公司2024年度拟不进行利润分配的专项说明