NNCI(SH:600301) Sou Hu Cai Jing·2025-11-27 14:25Core Viewpoint - Guangxi Huaxi Nonferrous Metals Co., Ltd. is addressing its accumulated losses by utilizing its surplus reserves, which indicates a strategic move to stabilize its financial position and restore investor confidence [1]. Financial Performance - As of November 27, 2025, the stock price of Huaxi Nonferrous closed at 38.76 yuan, down 1.25% from the previous trading day, with a total market capitalization of 24.518 billion yuan [1]. - The stock opened at 40.55 yuan, reached a high of 40.98 yuan, and a low of 38.65 yuan, with a trading volume of 6.9 billion yuan and a turnover rate of 6.31% [1]. Corporate Actions - The company held a board meeting on October 30, 2025, and a temporary shareholders' meeting on November 17, 2025, where it approved a proposal to use surplus reserves to cover losses [1]. - As of December 31, 2024, the company's undistributed profits amounted to -1,069,418,631.49 yuan, and it plans to use a total of 1,069,418,631.49 yuan from surplus reserves and capital reserves to offset these losses [1]. - The capital reserve is derived from the capital premium formed by shareholder contributions and has no specific restrictions [1]. - The company is legally required to notify creditors, who have 45 days from the announcement date to request debt repayment or provide guarantees [1].