Core Viewpoint - The company expresses confidence in achieving higher dividend levels in the future as it completes its business transformation and enhances profitability [2] Group 1: Business Transformation and Profitability - The company is gradually completing its business transformation and improving its profitability [2] - It aims to balance the funding needs of business transformation with shareholder returns [2] Group 2: Dividend Policy - The company has announced a shareholder return plan for the next three years (2025-2027), which includes an active profit distribution policy [2] - The company plans to implement multiple dividends within a year, ensuring reasonable returns for shareholders [2] - When distributing dividends in cash, the company will allocate no less than 30% of the annual distributable profits [2]

Core Points - The company has committed to implement stock buyback measures to stabilize its stock price and enhance investor returns [4][6][19] - The company and its major shareholders have made various commitments regarding profit distribution policies and measures to compensate for any dilution of immediate returns [12][15][19] - The company has outlined specific measures to avoid insider trading and market manipulation during stock buybacks [6][31] Group 1: Stock Buyback and Price Stabilization - The company will take measures to stabilize its stock price, including a commitment to buy back shares within a specified timeframe [1][4] - Non-independent directors and senior management are required to notify the board of their intent to increase shareholdings, with specific conditions for implementation [1][3] - If the stock price does not meet the conditions for stabilization, the management is not obligated to proceed with the buyback [1][3] Group 2: Profit Distribution and Compensation Measures - The company has established a profit distribution policy that will be strictly followed post-IPO, ensuring compliance with relevant regulations [19][20] - Measures will be taken to accelerate investment in projects funded by the IPO to enhance future returns for shareholders [13][15] - The company will strengthen internal controls and management to improve operational efficiency and profitability [14][16] Group 3: Commitments Against Fraud and Misconduct - The company has committed to repurchase shares if it is found to have engaged in fraudulent issuance practices [9][11] - Major shareholders have pledged to avoid conflicts of interest and ensure fair dealings in any related party transactions [29][31] - The company and its executives will face penalties for failing to adhere to these commitments, including potential compensation to investors for losses incurred [21][22][39]

证券日报网讯东航物流（601156）9月12日在互动平台回答投资者提问时表示，公司实施连续、稳定的 利润分配政策，公司重视对投资者的合理投资回报，并兼顾公司的可持续发展。根据2024年10月披露的 分红回报规划，在满足公司现金分红条件的情况下，2024-2026年公司每年度以现金方式分配的利润占 当年度实现的归属于上市公司股东净利润的30%-50%(年内多次分红的，进行累计计算)。 ...

Core Points - The company is holding its first extraordinary general meeting of shareholders in 2025 to discuss amendments to its articles of association and governance rules [1][6][8] - The meeting will take place on September 16, 2025, at 14:00 in Baoji, Shaanxi Province, and will utilize both on-site and online voting methods [4][5] Group 1: Meeting Procedures - Shareholders or their proxies must arrive 30 minutes before the meeting to register and present identification [2][3] - Only registered shareholders, company directors, supervisors, senior management, and invited lawyers are allowed to attend the meeting [1][2] - The meeting will follow a structured agenda, including the announcement of attendees, reading of meeting rules, and voting on proposed resolutions [5][6] Group 2: Proposed Resolutions - The first resolution involves amending the articles of association to eliminate the supervisory board and related rules, transferring its powers to the audit committee of the board of directors [6][7][8] - The second resolution proposes revisions to the cumulative voting system and other governance documents to enhance corporate governance [8][9] Group 3: Voting Procedures - Voting will be conducted through a combination of on-site and online methods, with specific time slots designated for online voting [4][5] - Shareholders will have the right to express their opinions and vote on each resolution, with clear guidelines on how to cast their votes [3][4][5]

Core Viewpoint - The company aims to establish a scientific, sustainable, and stable profit distribution mechanism to protect the legitimate rights and interests of small and medium investors while ensuring continuous and stable profit distribution policies [1] Profit Distribution and Cash Dividend Policy - The company emphasizes reasonable returns to investors and aims for a continuous and stable profit distribution policy that considers sustainable development [2] - Profit distribution can be in cash, stock, or a combination, with a preference for cash dividends when conditions allow [2][3] - The company will prioritize cash dividends if there are no major investment plans or significant cash expenditures [2][4] - The company’s profit distribution must not exceed the cumulative distributable profit and should not harm its ongoing operational capacity [2] Annual Profit Allocation - The annual after-tax profit distribution follows a specific order: covering previous losses, allocating statutory reserve funds, discretionary reserve funds, and paying ordinary stock dividends [2][3] - The statutory reserve fund is set at 10% of after-tax profits until it reaches 50% of the registered capital [2] Cash Dividend Proportions - For mature companies without major expenditures, cash dividends should constitute at least 80% of the profit distribution [3] - For mature companies with significant expenditures, this proportion should be at least 40% [3] - For growth-stage companies with major expenditures, the cash dividend proportion should be at least 20% [3] Conditions for Not Distributing Cash Dividends - The company may refrain from cash dividends under certain conditions, such as planned investments exceeding 50% of net assets or total assets, negative net cash flow, or a net asset return rate below 6% [4][5] Cash Dividend Policy Goals - The company aims to distribute at least 20% of the annual distributable profit in cash and a cumulative total of at least 30% of the average annual distributable profit over three consecutive years [5][6] Shareholder Return Planning - The board should focus on long-term sustainable development and establish a three-year dividend plan, which will be evaluated every three years [6][7] Dividend Decision-Making Mechanism - The board must propose a profit distribution plan that requires majority approval and independent director consent, ensuring thorough discussion with shareholders, especially minority shareholders [7][8] Supervision and Disclosure - The audit committee will supervise the execution of cash dividend policies and ensure compliance with decision-making procedures and information disclosure [9] - The company must disclose detailed information about its cash dividend policy and shareholder return planning in its annual report [9][10]

Core Viewpoint - The company has established a profit distribution management system to ensure a scientific, sustainable, and stable dividend mechanism, protecting the legitimate rights and interests of minority investors [1][2]. Profit Distribution Policy - The company emphasizes reasonable returns for investors while considering its funding needs and sustainable development [1]. - The distribution of annual after-tax profits follows a specific order: covering previous losses, allocating statutory reserves, discretionary reserves, and then paying dividends to shareholders [1][2]. - The company prioritizes cash dividends but may also use stock dividends or a combination of both, depending on profitability and operational needs [2][3]. Dividend Conditions and Proportions - Cash dividends will be distributed only if the company is profitable, has no unaddressed losses, and has sufficient cash to support normal operations [3]. - The company aims to distribute at least 20% of its distributable profits as cash dividends each year [3]. - In cases of significant capital expenditures, the minimum cash dividend proportions vary based on the company's development stage, ranging from 20% to 80% [4][5]. Decision-Making Mechanism - The profit distribution proposal is developed by the management and board, considering the company's articles of association, profitability, funding needs, and shareholder return plans [5][6]. - Independent directors can express opinions if they believe the cash dividend proposal may harm the company or minority shareholders [6]. Supervision and Constraints - The company must disclose its profit distribution plans and the execution of cash dividend policies in regular reports [7]. - Any changes to the profit distribution policy due to significant external or internal changes must be approved by a two-thirds majority of the voting rights at the shareholders' meeting [7]. Implementation - The profit distribution management system will take effect after approval by the shareholders' meeting [7].

Core Viewpoint - The company has established a shareholder return plan for the next three years (2025-2027) to ensure a stable and continuous profit distribution policy, focusing on cash dividends as the primary method of returning value to investors [1][2]. Group 1: Considerations for Shareholder Return Plan - The company emphasizes a sustainable profit distribution policy that balances investor returns with long-term business development [1]. - Factors influencing profit distribution include operational development, shareholder expectations, cash flow, and external financing conditions [1]. Group 2: Principles of Shareholder Return Plan - The plan prioritizes cash dividends and incorporates feedback from shareholders and independent directors [2]. - Cash dividends will be implemented when the company meets profitability and operational stability criteria, ensuring that distributions do not exceed available distributable profits [1][2]. Group 3: Profit Distribution Scheme and Execution - The company will submit profit distribution proposals to the shareholders' meeting for approval, including conditions and limits for mid-year cash dividends [2]. - Independent directors' opinions must be disclosed if not fully adopted by the board, ensuring transparency in decision-making [2]. Group 4: Specific Plans for Shareholder Returns (2025-2027) - The company may distribute profits through cash, stock, or a combination, with cash dividends preferred [3][4]. - Cash dividends will be distributed annually, with the possibility of mid-year distributions based on profitability and cash flow [4]. Group 5: Conditions for Cash Dividends - Cash dividends will be issued if the company has positive net profit after tax and sufficient cash flow, ensuring ongoing operational capability [4]. - A minimum of 20% of distributable profits will be allocated for cash dividends unless significant investment plans arise [4][5]. Group 6: Conditions for Stock Dividends - Stock dividends may be considered if the company faces cash flow constraints or needs to expand its capital base [5]. - The board may opt for stock dividends if the stock price does not align with the company's capital structure [5].

Core Points - The article outlines the profit distribution management system of Beijing Bairen Medical Technology Co., Ltd, aiming to establish a scientific, sustainable, and stable distribution mechanism to enhance transparency and protect investors' rights [1][2]. Chapter Summaries Chapter 1: General Principles - The company aims to regulate profit distribution behavior and enhance transparency in accordance with relevant laws and its articles of association [1]. Chapter 2: Profit Distribution Order - The company prioritizes reasonable returns for investors, especially minority shareholders, and outlines the order of profit distribution, including mandatory allocations to statutory reserves and provisions for loss compensation [2]. Chapter 3: Profit Distribution Policy - The company adopts a continuous and stable profit distribution policy, considering various factors such as investor returns, actual conditions, and future development goals [3][4]. Chapter 4: Supervision and Constraints - The audit committee is responsible for supervising the execution of profit distribution policies and decision-making processes [5]. Chapter 5: Execution and Information Disclosure - The company must strictly adhere to its cash dividend policy and disclose profit distribution plans in annual and semi-annual reports, ensuring compliance with its articles of association [6]. Chapter 6: Supplementary Provisions - The company reserves the right to modify the profit distribution system as per legal requirements and must seek shareholder approval for any changes [6].

Group 1 - The company has established a three-year shareholder return plan for 2025-2027 to enhance transparency and operability in profit distribution policies [1][2] - The plan emphasizes sustainable development and considers factors such as operational performance, future development goals, and shareholder expectations [1][2] - The company aims to implement a stable and continuous profit distribution policy, prioritizing cash dividends over stock dividends [2][3] Group 2 - The company will distribute at least 10% of its distributable profits as cash dividends annually, provided it meets certain conditions [2][3] - The cash dividend proportion varies based on the company's development stage and capital expenditure needs, with a minimum of 80% for mature stages without major expenditures [3][4] - The board of directors is responsible for proposing profit distribution plans, which must be approved by the shareholders' meeting, ensuring independent directors and minority shareholders' opinions are considered [3][4][5] Group 3 - In cases where cash dividends are not proposed, the board must provide specific reasons and disclose the intended use of retained earnings [4][5] - The company will utilize online voting for shareholders during meetings to facilitate communication, especially with minority shareholders [4][5] - Any adjustments to the profit distribution policy due to significant changes in the operating environment must be proposed by the board and approved by the shareholders' meeting [4][5]

Core Viewpoint - Sichuan Meifeng is actively managing its market value through various strategies, including cash dividends and share buybacks, while aiming to provide long-term stable returns to investors [1] Group 1: Company Response to Investor Concerns - The company acknowledged investor concerns regarding its stock performance, especially in light of a 26% increase in the index this year, while its stock has remained stagnant [1] - Sichuan Meifeng emphasized its commitment to a balanced approach between operational development, performance, and shareholder returns [1] - The company plans to continue implementing a stable and predictable profit distribution policy to reward investors for their trust and support [1] Group 2: Financial Management Strategies - Sichuan Meifeng has a cash reserve of 2.4 billion, which it aims to utilize effectively in its market value management efforts [1] - The company is focused on key areas such as industrial layout, quality improvement, cost reduction, and capacity release to enhance overall performance [1]