江西江钨稀贵装备股份有限公司：2025年度拟不进行利润分配公告详解

报告要点概览

• 公司2025年度利润分配预案为“不进行利润分配”，也不进行资本公积转增股本或其他形式的分配。
• 2025年度归属上市公司股东的净利润为亏损：-291,336,869.78元，母公司净利润为-42,290,984.95元。
• 截至2025年12月31日，合并报表未分配利润为-3,137,116,054.46元，母公司未分配利润为-829,464,774.24元。
• 本次利润分配预案尚需提交2025年度股东大会审议。
• 公司未触及《上海证券交易所股票上市规则（2025年4月修订）》第9.8.1条关于被实施其他风险警示的情形。

对投资者的核心影响与潜在价格敏感信息分析

• 连续亏损与未分配利润为负：公司2025年度继续录得大额亏损，且累计未分配利润高达31.37亿元，为负值。这显示公司目前财务压力较大，盈利能力存在持续性风险。
• 无现金分红或转增股本安排：公司明确表示2025年度将不进行现金分红或任何形式的股本扩张，投资者短期内无法通过分红获益。
• 长期资本回报能力受质疑：连续亏损及无分红政策，或将影响市场对公司长期投资价值的预期，可能对股价造成压力。
• 风险警示情况：公司目前未被触及实施其他风险警示，但若持续亏损，未来不排除相关风险加剧的可能性。
• 公司经营及发展规划：公司公告强调当前经营情况、未来发展规划及资金需求等均为暂不分配利润的考量因素，显示公司可能将更多资源用于自救及业务调整。

决策程序及后续安排

• 本利润分配预案已于2026年4月17日获得第九届董事会第八次会议审议通过。
• 最终方案仍需2025年度股东大会审议决定。
• 投资者需关注后续股东大会相关决议，及时把握公司最新动向。

投资者风险提示

• 本次利润分配预案尚未最终确定，存在变动可能。
• 公司持续亏损及无分红政策可能带来股价波动风险，请投资者理性判断，注意投资风险。

结语

江西江钨稀贵装备股份有限公司2025年度利润分配预案显示，公司正处于财务压力较大、盈利能力短期难以改善的阶段。无分红政策或将对公司股价及投资者信心产生影响，投资者需密切跟踪公司后续公告及经营动态，合理评估风险。

免责声明：本文基于公司公告公开信息整理，仅供投资者参考，不构成任何投资建议。投资有风险，入市需谨慎。

English Version

Jiangxi Jiangwu Rare & Precious Equipment Co., Ltd.: Detailed Analysis of the 2025 Non-Distribution of Profits Plan

Key Highlights of the Report

• The company’s 2025 profit distribution plan is “no distribution of profits” and no capital reserve to be converted into share capital or other forms of distribution.
• Net profit attributable to shareholders for 2025 is a loss: -291,336,869.78 RMB; parent company net profit: -42,290,984.95 RMB.
• As of December 31, 2025, accumulated undistributed profit on a consolidated basis: -3,137,116,054.46 RMB; parent company undistributed profit: -829,464,774.24 RMB.
• This profit distribution plan is still subject to approval at the 2025 Annual Shareholders’ Meeting.
• The company currently does not trigger other risk warning situations specified by the Shanghai Stock Exchange Listing Rules (April 2025 revision) Article 9.8.1.

Core Impact on Investors & Potential Price-Sensitive Information

• Ongoing losses and negative undistributed profits: The company continues to record substantial losses in 2025, with a cumulative undistributed profit deficit of 3.137 billion RMB, underscoring significant financial pressure and persistent profitability challenges.
• No cash dividend or share capital increase: The company clearly states that for 2025, there will be no cash dividend or any form of share capital expansion, meaning investors will not receive returns via dividends in the short term.
• Long-term capital return ability questioned: Ongoing losses and no dividend policy may affect the market’s outlook on the company’s long-term investment value, potentially exerting pressure on the stock price.
• Risk warning situation: The company is not currently subject to other risk warnings, but continued losses could increase future risks.
• Business operations and planning: The company notes that current operations, future plans, and funding needs are all reasons for not distributing profits, suggesting a focus on self-rescue and business restructuring.

Decision Process & Next Steps

• The profit distribution plan was approved by the company’s 9th Board of Directors at its 8th meeting on April 17, 2026.
• The final proposal still requires approval at the 2025 Annual Shareholders’ Meeting.
• Investors should monitor subsequent shareholder meeting resolutions for the latest updates.

Investor Risk Warning

• This profit distribution plan is not yet final and may change.
• Continued losses and the no-dividend policy may cause stock price volatility. Investors should exercise caution and rational judgment.

Conclusion

Jiangxi Jiangwu Rare & Precious Equipment Co., Ltd.’s 2025 profit distribution plan indicates the company is under significant financial strain, with profitability unlikely to improve in the short term. The no-dividend policy may impact share price and investor confidence. Investors should closely monitor follow-up announcements and developments, and assess risks carefully.

Disclaimer: This article is compiled based on public company disclosures and is for reference only. It does not constitute investment advice. Investing is risky, so please proceed with caution.

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