Core Points - The company announced a plan to use 328 million yuan from its surplus and capital reserves to cover cumulative losses by December 31, 2024 [1] - The cumulative losses are primarily due to the impact of early business operations, particularly in fruit cultivation and sales, which are vulnerable to extreme weather and pests [1] - After the loss compensation plan, the company's surplus will be reduced to 0 yuan, capital reserves to 189 million yuan, and undistributed profits to 0 yuan [1] - The wholly-owned subsidiary, Shanghai Xili Ke Industrial Development Co., plans to use 53.97 million yuan from capital reserves to cover its losses [1] - The subsidiary's losses are mainly due to interest expenses from acquisition loans related to the purchase of Unified Petrochemical [1] Financial Performance - Despite significant revenue growth in recent years, the company's profitability has been poor, with non-recurring net profits showing losses for 12 consecutive years from 2012 to 2023 [2] - The company reported a slight improvement in 2024, achieving operating revenue of 2.314 billion yuan, a year-on-year increase of 3.35%, and a net profit of 31.39 million yuan [2] - For the first three quarters of 2024, the company recorded operating revenue of 1.916 billion yuan, a year-on-year increase of 4.77%, and a net profit of 49.20 million yuan, up 84.70% year-on-year [2] Market Information - As of November 28, the company's stock price was 25.99 yuan per share, with a total market capitalization of 4.991 billion yuan [3]