Core Viewpoint - The company, Leysen Jewelry Co., Ltd., reported a net loss of approximately 184.34 million yuan for the fiscal year 2024 and has decided not to distribute profits, including cash dividends or stock bonuses, due to its financial situation and future business needs [3][52][98]. Company Overview - Leysen operates in the jewelry retail industry, focusing on brand management, product design, and retail of various jewelry types, including gold, diamonds, and jade [4]. - The company has upgraded its gold product line and aims to create unique artistic gold pieces that blend Eastern and Western design elements [4][10]. Financial Performance - For the fiscal year 2024, the company reported a net profit attributable to the parent company of -184,338,868.63 yuan, with an ending undistributed profit of 137,443,457.38 yuan as of December 31, 2024 [3][98]. - The decision to not distribute profits aligns with regulatory guidelines and is intended to support the company's ongoing operations and development [52][98]. Profit Distribution Plan - The company plans to forgo profit distribution for 2024, which includes not issuing cash dividends, stock bonuses, or capital increases from reserves [3][52][98]. - This decision has been approved by the board and will be submitted for shareholder approval [99][100]. Stock Incentive Plan - The company has a stock incentive plan that allows for the release of 1,035,000 shares from restrictions, which will be available for trading on April 29, 2025 [19][35][88]. - The plan has undergone necessary approvals and is in compliance with relevant regulations [41][42].