保变电气拟用公积金弥补亏损

Core Viewpoint - Baobian Electric (600550.SH) plans to use its surplus reserves and capital reserves to offset accumulated losses, which currently amount to -54.50 billion yuan in undistributed profits as of December 31, 2024 [2] Group 1: Financial Situation - As of December 31, 2024, Baobian Electric's accumulated undistributed profits stand at -54.50 billion yuan, with surplus reserves of 3.26 billion yuan and capital reserves of 39.92 billion yuan, including a share premium of 39.75 billion yuan [2] - The company intends to first utilize the statutory surplus reserve of 3.26 billion yuan to offset losses, followed by using the capital reserve (share premium) of 39.75 billion yuan for any remaining losses [2] Group 2: Strategic Implications - The company believes that this move will help improve its equity structure, reduce the burden of historical losses, and enhance the ability and level of returns for investors [2] - The proposal is subject to approval at the shareholders' meeting, indicating a level of uncertainty regarding its implementation [2] Group 3: Business Performance - Baobian Electric's main business involves the research, manufacturing, and sales of power transmission and transformation equipment [2] - For the first three quarters of 2025, the company reported revenue of 4.502 billion yuan, representing a year-on-year increase of 41.90%, and a net profit of 146 million yuan, reflecting a year-on-year growth of 72.91% [2]