LEO(SZ:002131) Zhong Guo Jing Ji Wang·2025-08-11 05:49Core Viewpoint - Liou Co., Ltd. has announced the approval of a securities investment plan using its own funds, with a maximum limit of 3 billion RMB, to enhance capital efficiency and increase investment returns for the company and its shareholders [1][2]. Group 1: Securities Investment Plan - The board of directors approved the use of up to 3 billion RMB of self-owned funds for securities investment, which includes various investment methods such as new stock placements, stock and bond investments, and entrusted financial management [1][2]. - The authorization is valid for 12 months from the date of approval and does not require shareholder meeting approval [1]. Group 2: Financial Performance - The company reported a normal operating condition and good financial status, indicating that the use of idle funds for securities investment aims to maximize the effectiveness of these funds [2]. - The half-year performance forecast for 2025 estimates a net profit attributable to shareholders of between 350 million RMB and 450 million RMB, with a net profit excluding non-recurring gains and losses expected to be between 130 million RMB and 180 million RMB [2]. Group 3: Historical Financial Data - Revenue from 2021 to 2024 was reported as follows: 202.81 billion RMB, 202.68 billion RMB, 204.71 billion RMB, and 211.71 billion RMB respectively [3]. - The net profit attributable to shareholders showed fluctuations, with figures of -1.012 billion RMB in 2021, -441 million RMB in 2022, 196.6 million RMB in 2023, and -259 million RMB in 2024 [3][4]. - The net cash flow from operating activities also varied, with negative values reported for each year from 2021 to 2024 [3][4]. Group 4: Corporate Governance Issues - The company faced regulatory scrutiny due to short-term trading by a relative of its directors, which violated stock trading regulations [5][6]. - The trading activities involved buying and selling shares within a six-month period, resulting in a loss of approximately 123,500 RMB for the relative [5].