金发拉比妇婴童用品股份有限公司2025年度利润分配预案详细解读

临时公告要点：

• 公司董事会审议通过2025年度利润分配预案，尚待年度股东大会审议。
• 母公司2025年度录得净利润亏损-180,245,573.36元，但累计可分配利润仍达158,355,477.49元。
• 拟以公司总股本35,402.5万股为基数，向全体股东每10股派发现金红利0.5元（含税）,合计分红金额为17,701,250元。
• 本年度不以资本公积金转增股本，不送红股。
• 公司连续三年现金分红，每年分红金额均为17,701,250元，累计现金分红总额53,103,750元。
• 公司资产负债率仅5.22%，无有息负债，分红不会影响公司正常生产经营。
• 公司2025年度归属于上市公司股东的净利润为负值，但未触及深圳证券交易所风险警示条款。
• 独立董事认为利润分配预案合理，符合监管要求。

详细内容与投资者需关注事项：

金发拉比妇婴童用品股份有限公司（*ST金比，证券代码：002762）于2026年4月14日召开第六届董事会第二次会议，通过了2025年度利润分配预案。根据华兴会计师事务所出具的2025年度审计报告，母公司全年净利润亏损1.8亿元，但由于主要亏损为非现金损失（资产减值、公允价值变动等合计1.87亿元），公司累计未分配利润依然高达1.58亿元。公司资产负债率仅5.22%，且无有息负债，表明公司财务状况稳定，具备持续分红能力。

本次分红方案为：以公司总股本35,402.5万股为基数，每10股派发现金红利0.5元（含税），合计分红金额17,701,250元。若公司股本因可转债转股、股份回购、股权激励或再融资等原因发生变化，则以分红方案实施时股权登记日在册的总股本为基数，保证分红方案公平、公正。

需要注意的是，公司2025年度归属于上市公司股东的净利润为负值，但审计报告为标准无保留意见，且未触及深圳证券交易所关于其他风险警示的条款。过去三年，公司每年均保持现金分红，累计分红总额达5310万元，体现出公司对股东的持续回报承诺。独立董事和董事会认为分红预案合理，不影响公司正常经营，符合上市公司监管指引和公司章程。

投资者需重点关注：

• 公司本年度出现亏损，但分红方案依然实施，表明公司现金流和财务状况良好。
• 分红金额虽持续稳定，但未分配利润逐年减少，若持续亏损，未来分红政策可能受影响。
• 公司未触及任何风险警示，审计报告无保留意见，短期内未现重大不确定性风险。
• 分红方案有可能对股价形成支撑，但长期业绩亏损仍需投资者关注经营和盈利能力。

备查文件：

• 2025年度审计报告
• 第六届董事会第二次会议决议
• 第六届董事会独立董事专门会议决议

免责声明：

本文仅为对上市公司公告的解读，不构成投资建议。投资者应结合自身风险偏好及公司经营状况，谨慎决策。公司未来业绩存在不确定性，现金分红政策可能因经营情况调整。请以公司正式公告及相关法律法规为准。

Detailed English Article

Key Highlights:

• The Board of Directors of Jinfa Labi Maternal & Child Products Co., Ltd. (*ST Jinbi, Stock Code: 002762) has approved the 2025 profit distribution plan, pending the annual shareholders’ meeting.
• The parent company recorded a net loss of RMB -180,245,573.36 in 2025, but distributable profits remain at RMB 158,355,477.49.
• Based on total share capital of 354,025,000 shares, a cash dividend of RMB 0.5 per 10 shares (pre-tax) is proposed, totaling RMB 17,701,250.
• No share capital increase via capital reserves or bonus shares this year.
• Three consecutive years of stable cash dividends, with a cumulative payout of RMB 53,103,750.
• Company’s asset-liability ratio is only 5.22%, with zero interest-bearing debt, so dividend has little impact on operations.
• Although net profit attributable to shareholders is negative, no risk warning triggers are met per Shenzhen Stock Exchange rules.
• Independent directors confirm the plan is reasonable and compliant with regulations.

Detailed Analysis & Investor Considerations:

Jinfa Labi’s Board met on April 14, 2026, approving the 2025 profit distribution plan. While the parent company posted a net loss of RMB 180 million in 2025, most losses are non-cash (asset impairment and fair value changes totaling RMB 187 million). The company’s distributable profits remain strong at RMB 158 million, with a low asset-liability ratio (5.22%) and no interest-bearing debt, indicating solid financial health and dividend sustainability.

The proposal: based on 354,025,000 shares, a cash dividend of RMB 0.5 per 10 shares (pre-tax) to all shareholders, totaling RMB 17,701,250. If total share capital changes due to convertible bonds, share buybacks, employee incentives, or refinancing, the actual dividend will be based on the share register at the time of payment, ensuring fairness.

Notably, the company has been unprofitable this year, yet maintains its commitment to annual cash dividends, signaling healthy cash flow and financial stability. The audit report is unqualified, and no risk warning triggers are met according to Shenzhen Stock Exchange rules. Over three years, cumulative cash dividends reached RMB 53 million, reflecting ongoing shareholder returns. The Board and independent directors believe this dividend plan is reasonable and will not impact normal operations.

Investor Takeaways:

• The company is paying dividends despite posting a loss, indicating robust financial health.
• Stable dividend payouts, but distributable profits are decreasing; continued losses could affect future dividend policy.
• No risk warning triggers, and audit report is unqualified, minimizing short-term uncertainty.
• This dividend plan may support share price, but investors should monitor future profitability and operating performance.

Reference Documents:

• 2025 audit report
• Resolutions of the 6th Board’s 2nd meeting
• Resolutions of the independent directors’ special meeting

Disclaimer:

This article is an interpretation of a listed company’s official announcement and does not constitute investment advice. Investors should consider their own risk tolerance and the company’s operating conditions before making decisions. Future performance is uncertain, and dividend policy may change depending on business results. Please refer to official announcements and legal regulations for final information.

View *ST金比 Historical chart here