Ming Jewelry(SZ:002574) Zheng Quan Ri Bao·2025-04-25 23:53Core Viewpoint - The company disclosed its financial performance and significant decisions made during the board meetings, including financial losses and plans for future operations [11][33]. Financial Data - The company reported total revenue of 393.428 million yuan for 2024, a slight decrease of 0.08% compared to 393.737 million yuan in the previous year [11][33]. - The total profit for 2024 was a loss of 10.374 million yuan, representing a decline of 149.95% year-on-year [11][33]. - The net profit attributable to shareholders was 1.798 million yuan, down 88.70% from the previous year [11][33]. - Basic earnings per share were 0.03 yuan, a decrease of 90.00% compared to the previous year [11][33]. Shareholder Information - The company plans to not distribute cash dividends or issue bonus shares for the 2024 fiscal year due to the need for funds for its photovoltaic business [13][36]. Important Matters - The company signed an agreement for cash compensation of 150 million yuan to cover losses, with payments scheduled over multiple years [5]. - The company provided a guarantee of 20 million yuan for its subsidiary, Zhejiang Rihua Energy Technology Co., Ltd. [5]. Board Resolutions - The board unanimously approved the 2024 annual financial report and the internal control self-assessment report, confirming no significant deficiencies in financial reporting [10][40]. - The board also approved the proposal for expected daily related party transactions amounting to 37.353 million yuan for 2025 [48][70]. Accounting Policy Changes - The company made changes to its accounting policies in accordance with new regulations issued by the Ministry of Finance, ensuring compliance with relevant laws and regulations [25][41]. Related Party Transactions - The company plans to engage in various related party transactions, including sales and procurement agreements with its controlling shareholder and subsidiaries, with expected transaction amounts detailed [48][70].