宁夏国运新能源2025年度不进行利润分配公告：不派息不转增股本原因及详情

*ST 宝实（宁夏国运新能源）2025年度利润分配预案详情披露

要点概述

公司名称：宁夏国运新能源股份有限公司（证券简称：*ST 宝实，证券代码：000595）
公告编号：2026-030
2025年度利润分配预案：不派发现金红利、不送红股、不以资本公积转增股本
利润状况：2025年度实现净利润83,320,873.64元，但截至2025年末累计未分配利润为负值，合并报表未分配利润为-12.43亿元，母公司未分配利润为-13.47亿元
历史分红情况：最近三个会计年度均未分红，累计现金分红及回购注销金额为0
不触及风险警示：本年度利润分配预案不涉及深交所《股票上市规则》第9.8.1条相关的其他风险警示情形

详细内容

宁夏国运新能源股份有限公司于2026年4月16日召开了第十届董事会独立董事专门会议第二十次会议及第十届董事会第三十二次会议。公司董事会审议并通过了《2025年度利润分配预案》，该议案尚需提请2025年度股东大会审议。

1. 经营及财务状况

2025年度，公司经审计实现归属于上市公司股东的净利润为83,320,873.64元，实现扭亏为盈。
截至2025年12月31日：
- 合并报表期末未分配利润为-1,243,633,186.94元（约-12.44亿元），依然为大额负值。
- 母公司报表期末未分配利润为-1,346,947,599.64元（约-13.47亿元）。
公司自上市以来已满三个完整会计年度，最近三年净利润均值为负，且未进行任何现金分红或回购注销。

2. 利润分配预案

鉴于公司2025年度合并报表及母公司报表累计未分配利润仍为负值，公司董事会提议2025年度不派发现金红利、不送红股、不以资本公积转增股本。

本次利润分配预案符合《公司法》、《公司章程》及相关法律法规规定。
公司表示，未分配利润为负值，不满足现金分红条件，作出不分配利润的决定，是为保障公司持续、稳定、健康发展，维护全体股东的长远利益。

3. 对投资者的影响和需关注事项

分红政策连续三年未有变化，且累计未分配利润为高额负值，显示公司整体财务状况虽有改善但仍未根本扭转亏损积累。
2025年度实现净利润为正，表明公司经营状况有所好转，但离恢复分红能力仍有较大距离。
本次利润分配预案不触及深交所股票上市规则第9.8.1条第（九）项规定的其他风险警示情形，意味着公司暂不面临因未分红引发的特别风险警示。
投资者应关注公司后续经营能力、盈利持续性以及未来可能的利润分配和资本运作计划。
该公告需待2025年度股东大会表决通过方能正式实施。

备查文件

第十届董事会独立董事专门会议第二十次会议决议
第十届董事会第三十二次会议决议

总结

本次公告对公司股价具有一定参考价值。公司实现单年度盈利但仍未分红，显示其在业绩修复路上仍需时日。投资者应关注公司后续的财务结构调整、持续盈利能力以及未来利润分配政策的变化。若公司能持续保持盈利并逐步修复未分配利润，未来有望恢复分红，届时可能会对公司价值和市场信心形成正面驱动。当前，公司不分红政策或对短期市场情绪构成一定压力，需加以关注。

免责声明：本文仅为信息披露整理和投资参考，不构成任何投资建议。投资者据此操作，风险自负。

English Version

*ST Baoshi (Ningxia Guoyun New Energy) 2025 Dividend Distribution Proposal Details

Summary of Key Points

Company Name: Ningxia Guoyun New Energy Co., Ltd. (Stock code: 000595, Stock short name: *ST Baoshi)
Announcement No.: 2026-030
2025 Dividend Distribution Plan: No cash dividends, no bonus shares, no capital reserve to share capital conversion
Profit Status: Net profit attributable to shareholders in 2025 is 83,320,873.64 yuan; however, as of year-end 2025, accumulated undistributed profit remains negative: -1.24 billion yuan (consolidated), -1.35 billion yuan (parent)
Dividend History: No dividends or share buybacks for the past three accounting years
No Risk Warning Triggered: The 2025 dividend plan does not involve other risk warning events as per SZSE Listing Rules Article 9.8.1

Details

Ningxia Guoyun New Energy Co., Ltd. held the 20th Independent Directors’ Meeting and 32nd Board Meeting on April 16, 2026. The Board reviewed and approved the “2025 Dividend Distribution Proposal”, which still requires approval at the 2025 Annual Shareholders’ Meeting.

1. Business and Financial Status

For 2025, the company achieved a net profit attributable to shareholders of 83.32 million yuan, indicating a turnaround from losses.
As of December 31, 2025:
- Consolidated accumulated undistributed profit: -1.24 billion yuan (still significantly negative)
- Parent company accumulated undistributed profit: -1.35 billion yuan
The company has been listed for three full years, with an average net profit for the past three years still negative, and no cash dividends or share buybacks.

2. Dividend Distribution Proposal

Since the accumulated undistributed profit for both consolidated and parent company accounts is negative, the Board proposes no cash dividends, no bonus shares, nor conversion of capital reserve to share capital for 2025.

This plan complies with the Company Law, the Articles of Association, and other relevant regulations.
The company states that this non-distribution decision is made to ensure sustainable, stable, and healthy development and to safeguard the long-term interests of all shareholders.

3. Impact on Investors and Key Points to Watch

Dividend policy remains unchanged for three consecutive years, with large negative accumulated undistributed profit, showing that while profitability improved, historical losses are not yet reversed.
2025’s positive net profit signals operational improvement, but the capacity to resume dividends is still some way off.
This proposal does not trigger risk warnings under SZSE Listing Rules, indicating no special regulatory risk currently.
Investors should monitor the company’s continued profitability, financial restructuring, and potential future changes to dividend and capital policies.
This proposal is subject to approval at the 2025 annual shareholders’ meeting.

Reference Documents

Resolutions of the 20th Independent Directors’ Meeting of the 10th Board
Resolutions of the 32nd Meeting of the 10th Board

Conclusion

This announcement is of reference value to the company’s share price. The return to single-year profitability but continued suspension of dividends reflects that the company is still in the process of repairing its financial position. Investors should pay attention to the company’s future profitability and potential for resuming dividends, which could positively impact market confidence and valuation if sustained. In the short term, the continued non-distribution may exert some pressure on market sentiment.

Disclaimer: This article is for information disclosure and investment reference only. It does not constitute any investment advice. Investors are responsible for their own decisions and risks.