Core Points - The company Siwei Technology (01202) announced a board meeting on November 27, 2025, to review a proposal to use reserves to offset accumulated losses [1] - As of December 31, 2024, the company's cumulative losses amounted to RMB 272 million, while the surplus reserves were RMB 8.7 million and capital reserves were RMB 571 million [1] - The cumulative losses were primarily due to slow business transformation, lagging product iterations, insufficient profitability, and failure to seize opportunities in the optical communication industry from 2012 to 2021 [1] Financial Summary - The proposal suggests using surplus reserves of RMB 8.7 million and capital reserves of RMB 571 million (totaling RMB 579.7 million) to offset the cumulative losses [1] - After the implementation of the proposal, the capital reserves will decrease to RMB 307.7 million, and cumulative losses will be reduced to zero [2] - This action is expected to help the company meet profit distribution conditions as per relevant laws and regulations, thereby enhancing investor return capabilities and achieving high-quality development [2]
四威科技(01202)拟使用公积金弥补亏损