Deluxe Family(SH:600503) Zheng Quan Zhi Xing·2025-05-09 08:50Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) scheduled for May 16, 2025, where shareholders will review various reports and proposals, including the annual financial report and the board's work report [1][2]. Group 1: Meeting Agenda - The AGM will be held on May 16, 2025, at 14:30 in Shanghai [1]. - The meeting will include the announcement of attendees, introduction of legal representatives, and discussions on various proposals [1]. - Shareholders will review the 2024 Annual Report and its summary, which has been approved by the board [1][2]. Group 2: Board of Directors Report - The board emphasizes its commitment to maintaining company interests and shareholder rights while adhering to legal and regulatory requirements [2]. - In 2024, the board held 8 meetings and 9 committee meetings to ensure effective governance and decision-making [2][3]. - The board has focused on improving internal management and governance structures to adapt to regulatory changes [3]. Group 3: Financial Performance - The company reported a net profit attributable to shareholders of -34.42 million yuan for 2024, a decrease of 159.37% compared to the previous year [12]. - Total revenue for 2024 was approximately 352.79 million yuan, reflecting an increase of 118.47% from 2023 [12][13]. - The company’s total assets increased by 5.01% to approximately 4.43 billion yuan by the end of 2024 [12]. Group 4: Profit Distribution Proposal - Due to the reported loss in 2024, the company proposes not to distribute profits or increase capital reserves [15][16]. - The decision is based on the need to ensure sufficient operational funds and sustainable development [15]. Group 5: Audit and Compliance - The company plans to renew its audit contract with Zhongxinghua Accounting Firm for the 2025 fiscal year, with audit fees set at 750,000 yuan [20]. - The audit firm has a history of providing effective and objective services to the company [20][21]. Group 6: Governance and Regulatory Compliance - The company is revising its governance documents, including the rules for shareholder meetings and the board of directors, to align with regulatory requirements [24][25]. - These revisions aim to enhance operational transparency and governance standards [24][25].