LEP(SH:600644) Shang Hai Zheng Quan Bao·2025-08-29 20:38Core Viewpoint - The company plans to use its capital reserve to offset accumulated losses, aiming to improve its financial condition and enhance investor returns [4][5][34]. Company Overview - The company, Leshan Electric Power Co., Ltd., reported a negative retained earnings of CNY 531,917,431.97 as of December 31, 2024, primarily due to the bankruptcy of its former subsidiaries [4][5]. - The company will not distribute profits or increase capital reserves in 2025 [1]. Financial Data - As of the end of the reporting period, the company had a surplus reserve of CNY 123,023,162.30 and a capital reserve of CNY 1,378,055,899.65 [4][5]. - The total amount to be used for offsetting losses is CNY 531,917,431.97, which includes the surplus reserve and part of the capital reserve [5]. Important Matters - The board of directors and the supervisory board have approved the proposal to use the capital reserve to offset losses, which will require shareholder approval [7][34]. - The company has reported that it will not change its fundraising projects [15]. Fundraising and Usage - The company raised CNY 199,999,996.59 through a simplified procedure for issuing A-shares, with a net amount of CNY 198,133,651.71 after deducting issuance costs [9][10]. - As of June 30, 2025, the company has used CNY 29,291,740.10 of the raised funds, leaving a balance of CNY 169,322,544.79 [10][14]. Management of Funds - The company has established a three-party supervision agreement for the management of raised funds, ensuring compliance with regulatory requirements [11].