赫美集团2025年度不进行利润分配公告深度解读
赫美集团2025年度拟不进行利润分配，投资者需密切关注
【2026年4月20日，深圳】 深圳赫美集团股份有限公司（002356）发布公告，董事会审议通过了《关于2025年度利润分配预案的议案》，明确2025年度公司将不派发现金红利、不送红股、亦不以公积金转增股本。该预案尚需提交2025年年度股东大会审议。
一、公告要点及详细内容
- 利润分配预案： 赫美集团2025年度不进行任何形式的利润分配，包括不派发现金红利、不送红股、不以公积金转增股本。
- 主要原因： 公司2025年母公司及合并报表未分配利润均为负数，不符合利润分配的条件。根据公司章程及《未来三年（2024-2026年）股东回报规划》，董事会做出不分配利润的决定。
- 财务数据披露：
- 2025年度归属于上市公司股东的净利润为38,386,777.50元，但母公司实现净利润为-87,768,036.04元。
- 截至2025年12月31日，公司可供上市公司股东分配的净利润为-2,822,457,480.74元，母公司可供股东分配的净利润为-2,732,682,030.33元。
- 2023年及2024年公司均未进行现金分红或回购注销，三年累计现金分红及回购均为0。
- 风险警示： 公司本次不分红未触及《深圳证券交易所股票上市规则》第9.8.1条规定的其他风险警示情形，不会因此被实施ST等特别风险警示。
- 后续安排： 本次利润分配预案将提交2025年年度股东大会审议。相关决议及资料已依法备查。
二、对投资者及股价的潜在影响
- 重要提示： 公司连续三年未分红，且截至2025年末累计未分配利润大额为负，反映出赫美集团整体盈利能力和经营状况仍需改善。这一轮利润分配决策或将影响投资者对公司现金流及未来分红能力的信心，可能对二级市场股价形成一定压力。
- 公司承诺： 董事会承诺将进一步加强经营管理、持续提升公司业绩以增强盈利能力，促进公司长期健康发展并强化投资者回报。
三、投资者需关注事项
- 2025年度利润分配预案尚需年度股东大会审议，投资者需关注后续股东大会决议及相关公告。
- 赫美集团当前累计未分配利润为负，公司短期内实施分红的可能性较低，投资者应综合考虑公司未来盈利改善和现金流状况。
- 虽未触及强制性风险警示，但连续多年不分红和大额未分配亏损，需警惕公司业绩压力及其对股价的潜在负面影响。
四、备查文件
免责声明： 本文内容基于赫美集团公开披露公告及相关材料整理，仅作信息解读之用，不构成任何投资建议。股市有风险，投资需谨慎。
English Version
Hemay Group 2025 No Profit Distribution Announcement – In-depth Analysis
Hemay Group Announces No Profit Distribution for 2025: Key Points for Investors
[Shenzhen, April 20, 2026] Shenzhen Hemay Group Co., Ltd. (002356) has announced that its Board of Directors has approved the 2025 profit distribution plan, under which the company will not distribute cash dividends, issue bonus shares, or increase share capital via capital reserves for the year. This plan is subject to approval at the 2025 Annual General Meeting of Shareholders.
1. Key Highlights and Details
- Profit Distribution Plan: For 2025, Hemay Group will not distribute any form of profits, including cash dividends, bonus shares, or capital reserve transfers.
- Primary Reason: Both parent and consolidated statements show negative undistributed profits for 2025, making the company ineligible for any profit distribution. This decision complies with the company’s articles and the “Three-Year (2024–2026) Shareholder Return Plan.”
- Financial Data Disclosed:
- Net profit attributable to shareholders in 2025: RMB 38,386,777.50, but parent company net profit: RMB -87,768,036.04.
- As of December 31, 2025, undistributed profits for shareholders: RMB -2,822,457,480.74; for the parent company: RMB -2,732,682,030.33.
- No cash dividends or share buybacks in 2023 or 2024; three-year cumulative dividends and buybacks: zero.
- Risk Warning: The current non-distribution plan does not trigger any “other risk warning” under Article 9.8.1 of the Shenzhen Stock Exchange Listing Rules. No ST or special risk warning will be imposed.
- Next Steps: The profit distribution plan will be submitted for shareholder approval at the 2025 AGM. Relevant resolutions and materials are on file.
2. Potential Impact on Investors and Share Price
- Key Reminder: The company has not distributed profits for three consecutive years, and accumulated undistributed profits remain deeply negative as of end-2025. This decision may impact investor confidence in Hemay’s cash flow and future dividend prospects, possibly putting pressure on the share price.
- Management’s Promise: The Board pledges to strengthen operations, improve performance, and enhance profitability to deliver long-term sustainable growth and investor returns.
3. Matters for Investors’ Attention
- The 2025 profit distribution plan is pending shareholder approval; investors should monitor subsequent AGM resolutions and related disclosures.
- With accumulated undistributed losses, the likelihood of short-term dividends is low; investors should consider the company’s future profitability and cash flow outlook.
- While no mandatory risk warning is triggered, persistent non-distribution and large accumulated losses indicate performance pressures that could negatively affect the share price.
4. Reference Documents
- Resolutions from the 7th Board of Directors’ 2nd meeting, among others.
Disclaimer: The above content is based on Hemay Group’s official disclosures and is for information purposes only. It does not constitute investment advice. Stock market investments carry risks; please make decisions prudently.
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