SSSW(SH:688399) 21世纪经济报道·2025-08-28 08:38Core Viewpoint - The company, Shuoshi Biological (688399.SH), announced voluntary salary reductions for several executives, including a 50% cut for the honorary chairman and the chairman/general manager, in response to ongoing financial pressures and to demonstrate solidarity during challenging market conditions [1][5]. Salary Reduction Details - The honorary chairman, Fang Yongsheng, and the chairman/general manager, Wang Guoqiang, will have their salaries reduced by 50% starting from August 15, 2025 [2][3]. - Other executives, including Liu Zhonghua (director and deputy general manager), Hu Tongyuan (director, deputy general manager, and board secretary), and Zhou Guohui (deputy general manager), will see a 40% salary reduction [2][3]. - The financial director, Meng Yuanyuan, and employee supervisors, Jia Zhaoqiang and Gu Lina, will have their salaries reduced by 10% and 5%, respectively [2][3]. Financial Performance - The company has faced declining financial performance, with a reported revenue of 176 million yuan in the first half of 2025, a decrease of 1.05% year-on-year, and a net profit of 3.99 million yuan, down 86.35% [7]. - The company has experienced net losses for two consecutive years, with revenues of approximately 403 million yuan and 350 million yuan in 2023 and 2024, respectively, and corresponding net profits of -374 million yuan and -2 million yuan [7]. Dividend Distribution - Despite the salary cuts and declining performance, the company plans to distribute a cash dividend of 34.00 yuan per 10 shares, totaling 285 million yuan, reflecting a commitment to return value to shareholders [9]. - As of June 30, the parent company had over 2.4 billion yuan in undistributed profits, allowing for this dividend distribution while maintaining a stable cash flow [9].