Shenzhen Zhenye Group(SZ:000006) Shang Hai Zheng Quan Bao·2025-04-26 01:33Core Points - The company reported a net profit of -1,568,365,378.32 yuan for 2024, leading to a proposal of no profit distribution for the year [21][40] - The company plans to provide a guarantee limit of 1.2 billion yuan for its subsidiaries in 2025, with specific allocations based on their debt ratios [29][33] - The company has undergone a change in accounting policies due to new regulations issued by the Ministry of Finance, effective from January 1, 2024 [14][19] Financial Performance - The company recorded a significant increase in operating revenue, up 540.28% year-on-year, attributed to a higher volume of projects completed [53] - The net cash flow from operating activities increased by 100.53% compared to the previous year, mainly due to reduced cash payments related to operating activities in the prior year [53] Asset Impairment - The company has made provisions for asset impairment totaling 167,158.34 million yuan for the year 2024, which includes 156,880.03 million yuan for inventory and 10,278.31 million yuan for bad debts [10][39] Shareholder Information - The company has proposed not to distribute cash dividends or issue bonus shares for the fiscal year 2024, reflecting its focus on maintaining operational stability amid market challenges [24][25] Corporate Governance - The company held its first regular board meeting of 2025 on April 24, 2025, where several key resolutions were passed, including the approval of the annual report and the asset impairment provisions [36][40]