中农发种业：拟用公积金1.48亿元弥补母公司亏损

Core Viewpoint - The company has approved a proposal to use reserve funds to cover losses, pending shareholder approval, in response to a significant negative retained earnings balance as of December 31, 2024 [1] Financial Summary - As of December 31, 2024, the company's retained earnings stand at -148 million yuan, necessitating the use of 15.63 million yuan from surplus reserves and 132 million yuan from capital reserves to offset the losses [1] - Following the implementation of this proposal, surplus reserves will be reduced to 0 yuan, capital reserves will decrease to 262 million yuan, and retained earnings will be adjusted to 0 yuan [1] - The primary reason for the losses is attributed to the impairment provision for long-term equity investments made in 2017 [1]