Tongda Electric(SH:603390) Shang Hai Zheng Quan Bao·2025-08-28 09:05Core Viewpoint - The company, Guangzhou Tongda Automotive Electric Co., Ltd., announced its 2025 semi-annual profit distribution plan, proposing a cash dividend of 0.50 yuan per 10 shares, amounting to a total distribution of approximately 17.58 million yuan, which represents 55.41% of the net profit attributable to the parent company for the first half of 2025 [5][23]. Company Overview - The company has a total share capital of 351,651,984 shares as of August 15, 2025 [5][23]. - The company does not plan to issue bonus shares or increase capital reserves during this dividend distribution [6]. Financial Data - As of June 30, 2025, the company's undistributed profits amounted to 234,182,330.04 yuan (unaudited) [5]. - The total cash dividend proposed is 17,582,599.20 yuan (including tax) [5][23]. Important Matters - The company will maintain the cash distribution amount per share even if there are changes in total share capital due to convertible bonds, share buybacks, or other corporate actions before the dividend record date [6][4]. - The board of directors has confirmed that the dividend distribution plan complies with the company's profit distribution policy and shareholder return plan [8][23]. Asset Impairment Provision - The company has proposed to recognize an asset impairment provision of 4.08 million yuan for the first half of 2025, which includes provisions for bad debts and inventory write-downs [10][25]. - The specific provisions include 2.95 million yuan for bad debts, -0.18 million yuan for contract assets, and 1.31 million yuan for inventory [11][12]. Fund Management - The company raised a total of 885.37 million yuan from its initial public offering, with a net amount of 818.05 million yuan after deducting fees [30]. - As of June 30, 2025, the company had 90.84 million yuan of unused raised funds remaining in the special account [34].