SFC(SH:601595) Zheng Quan Zhi Xing·2025-06-20 10:02Core Viewpoint - The Shanghai Film Co., Ltd. is preparing for its 2024 annual profit distribution plan and the mid-term cash dividend for 2025, emphasizing the importance of maintaining shareholder rights and ensuring orderly conduct during the upcoming shareholder meeting [1][2][5]. Meeting Procedures - The shareholder meeting will be held on June 26, 2025, at 14:00, with provisions for both on-site and online voting [5]. - Only authorized personnel, including shareholders, directors, and invited guests, will be allowed to attend the meeting, ensuring the meeting's seriousness and order [1][2]. - Shareholders wishing to speak must register in advance and adhere to time limits for their remarks [2][3]. Agenda Items - The agenda includes the presentation of the 2024 Board of Directors' report, the Supervisory Board's report, and the financial statements for 2024 [5][6][7]. - A proposal for the 2024 profit distribution plan is included, which states that no profit distribution will occur, and no capital reserve will be converted into share capital [8][10]. - The company plans to propose a mid-term cash dividend for 2025, with an expected amount not less than 40% of the corresponding period's net profit attributable to shareholders [10][11]. Financial Highlights - The company's undistributed profits at the end of the reporting period amount to approximately RMB 458.21 million [8]. - The total cash dividend for the previous year was RMB 43.03 million, down from RMB 51.09 million the year before [8][9]. Audit and Compliance - The company has proposed to reappoint Lixin Certified Public Accountants as the auditing firm for the 2025 fiscal year, highlighting their long-standing reputation and compliance with regulatory standards [11][12][15]. - The audit fees for 2024 are reported to be RMB 1.8 million, with the specific amount for 2025 to be determined by mutual agreement [12][14]. Related Transactions - The company has outlined expected related party transactions for 2024, with significant amounts anticipated for ticket revenue sharing and service procurement [17][18]. - The total expected related party transactions for 2025 are projected to exceed those of 2024, reflecting anticipated growth in the industry [18][19].