祥源文旅拟通过母公司公积金弥补累计亏损 分红进程有望加速

Core Viewpoint - Zhejiang Xiangyuan Cultural Tourism Co., Ltd. plans to use surplus reserves and capital reserves to offset accumulated losses, which is significant for accelerating dividend distribution and enhancing investor confidence [1][2]. Financial Summary - As of December 31, 2024, the company has an accumulated undistributed profit deficit of 519 million yuan, with surplus reserves of approximately 45.91 million yuan and capital reserves of about 2.1 billion yuan [1]. - The loss offset will prioritize using surplus reserves first, followed by capital reserves, aiming to bring the undistributed profit to zero by the end of 2024 [1]. Performance Highlights - In the first half of 2025, the company reported revenue of 500 million yuan, a year-on-year increase of 35.41%, and a net profit attributable to shareholders of 91.61 million yuan, reflecting a 54.15% increase, both marking the highest figures for the same period in recent years [1]. Dividend Implications - With the implementation of the reserve offset plan, the company's past accumulated losses will be cleared in the coming months, allowing part of the net profit to be allocated for shareholder dividends after the necessary legal reserves are set aside [2].