Toly Bread(603866) 搜狐财经· Sou Hu Cai Jing·2025-05-22 08:16Core Viewpoint - The company is seeking to increase its bank credit limit for 2025, but the chairman has expressed concerns about the necessity of this increase given current capacity and financial planning [1][2]. Group 1: Board Meeting Decisions - The third meeting of the seventh board of directors was held on May 22, where a resolution regarding the cancellation of a wholly-owned subsidiary was passed with 6 votes in favor and no opposition [1]. - The proposal to increase the bank's comprehensive credit limit for 2025 received 5 votes in favor and 1 vote against, with the chairman voting against it [1]. Group 2: Credit Limit Proposal - The company plans to apply for an additional 200 million yuan in comprehensive credit from Shanghai Pudong Development Bank to meet operational funding needs, with the final amount subject to bank approval [2]. - After this application, the total planned credit limit from the bank during the credit period will amount to 3.3 billion yuan [5]. Group 3: Financial Performance - In the first quarter of the year, the company reported revenue of 1.201 billion yuan, a year-on-year decrease of 14.2%, and a net profit of 84.0372 million yuan, down 27.07% year-on-year [5].