Toly Bread(SH:603866) Zheng Quan Zhi Xing·2025-08-26 08:11Overview - The company is planning to reduce the registered capital of its wholly-owned subsidiary Haikou Taoli by 7 million RMB, cancel Baotou Taoli, and increase the capital of Tianjin Taoli by 100 million RMB [1][2] Resource Optimization - The reduction of registered capital for Haikou Taoli aims to optimize resource allocation and improve capital efficiency, resulting in a new registered capital of 1 million RMB after the reduction [1][4] - The cancellation of Baotou Taoli is intended to lower management costs and enhance operational efficiency [2][5] - The capital increase for Tianjin Taoli is to support its business development and expand its operational scale, thereby enhancing the overall competitiveness and profitability of the company [2][5] Board Approval - The proposal for the capital reduction, cancellation, and increase was approved by the company's seventh board meeting and does not require shareholder approval [2][6] Financial Status of Subsidiaries - Haikou Taoli's total assets as of June 30, 2025, were 413.85 million RMB, with total liabilities of 10.38 million RMB and net profit of 34.11 million RMB for the first half of 2025 [3] - Baotou Taoli had total assets of 1,064.39 million RMB and a net profit of 42.00 million RMB for the first half of 2025 [3] - Tianjin Taoli reported total assets of 19,096.94 million RMB and a net profit of 1,428.30 million RMB for the first half of 2025 [3] Impact of Changes - The capital reduction will not affect the company's ownership ratio in its subsidiaries and will not have adverse effects on the company's financial status or operational results [5] - The cancellation of Baotou Taoli is not expected to significantly impact the company's overall business development and profitability [5] - The capital increase for Tianjin Taoli is also not anticipated to harm the interests of the company or its shareholders [5]