深圳市卓翼科技股份有限公司2025年度拟不进行利润分配公告深度解读

重点信息概览

• 利润分配方案：公司2025年度拟不派发现金红利、不送红股，也不以资本公积金转增股本。
• 业绩情况：2025年度归属于上市公司股东的净利润为-25,836.43万元，母公司净利润为-37,632.25万元，均为大幅亏损。
• 未分配利润：合并报表未分配利润为-165,865.82万元，母公司未分配利润为-87,855.81万元。
• 连续亏损：最近三个会计年度累计净利润均为负值（平均为-29,558.34万元），且2023、2024、2025年均未进行现金分红或回购注销。
• 风险警示相关：公司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。
• 方案流程：该利润分配预案已由董事会通过，尚需股东大会审议。
• 未来展望：公司强调未来将持续提升管理效率，推进转型发展，努力改善经营业绩。

对投资者和股东的影响与潜在股价影响点

• 连续亏损与无分红：连续三年亏损且不分红，表明公司经营压力较大，短期内难以为股东带来直接回报。这一消息可能对市场情绪产生负面影响，尤其是依赖分红收益的投资者可能考虑减持。
• 资金安排与未来发展：公司解释当前不分红的主要原因在于保障2026年业务拓展、研发投入和生产经营资金需求，显示公司更倾向于“保守经营”，希望通过内部资金保留来寻求转型突破，长期潜力依赖于转型成效。
• 风险警示及合规性：虽然公司连续亏损，但未被实施“其他风险警示”，表明公司目前虽处困境但未触及退市或重大风险红线，为投资者留有一线希望。
• 需关注事项：本次利润分配预案尚需2025年度股东大会审议，若有股东强烈反对或公司经营状况恶化，后续会有进一步的不确定性。

详细内容解读

深圳市卓翼科技股份有限公司（证券代码：002369）于2026年4月24日召开董事会，审议通过了2025年度利润分配预案。由于公司2025年及近年持续亏损，利润分配方案为：不派发现金红利、不送红股、不以资本公积金转增股本。该方案将提交2025年度股东大会进行审议。

审计数据显示，公司2025年度合并报表归属于上市公司股东的净利润为-25,836.43万元，母公司净利润为-37,632.25万元，累计未分配利润分别为-165,865.82万元和-87,855.81万元。2023年至2025年，公司合并净利润均为负值，且三年内未进行任何现金分红或股份回购注销。

公司明确指出，当前不分红的主要考虑是保障未来业务发展与资金需求，维护公司及股东长期利益。虽然公司连续亏损，但目前未触及深交所相关重大风险警示条款，表明公司依然具备持续经营能力。

公司还承诺，未来将继续提升运营管理效率，积极转型，并努力改善经营业绩，以期回报广大股东。

投资者需要密切关注

• 公司连续大额亏损，短期内未有分红预期，可能影响投资者持股信心。
• 若后续经营未见起色，或遇到流动性风险，不排除公司面临更严峻监管措施的可能性。
• 建议投资者关注2025年度股东大会最终审议结果，以及公司后续经营与转型进展。

免责声明

本文基于深圳市卓翼科技股份有限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。请投资者结合自身情况和专业意见作出决策。

English Version

In-depth Analysis of Shenzhen Zhuoyi Technology Co., Ltd. 2025 Profit Distribution Proposal

Key Highlights

• Profit Distribution Plan: The company proposes no cash dividend, no bonus shares, and no capital reserve to share capital transfer for 2025.
• Performance: Net profit attributable to shareholders in 2025 is -258.36 million RMB; parent company net profit is -376.32 million RMB, both showing significant losses.
• Undistributed Profits: Consolidated undistributed profits are -1.658 billion RMB; parent company undistributed profits are -878.56 million RMB.
• Continuous Losses: The company has reported negative net profits for three consecutive years (average -295.58 million RMB), and no dividends or share buybacks in 2023, 2024, or 2025.
• Risk Alert: The company has not triggered the “other risk alerts” under Shenzhen Stock Exchange Listing Rules Article 9.8.1.
• Process: The plan has been approved by the board and will be submitted to the 2025 Annual General Meeting for consideration.
• Future Outlook: The company emphasizes ongoing management efficiency improvements and transformation efforts, aiming to improve performance.

Impact and Price-sensitive Points for Investors & Shareholders

• Continuous Losses & No Dividend: Three consecutive years of losses with no dividend signal severe operational pressure and may negatively impact investor sentiment, particularly dividend-focused shareholders.
• Capital Allocation & Future Development: The company’s main reason for no distribution is to safeguard funds for 2026 expansion, R&D, and operations, showing a conservative, survival-focused approach. Long-term recovery depends on successful transformation.
• Risk Alert Status: Despite losses, the company has not triggered a formal risk alert, indicating it remains above the delisting or significant risk threshold, offering a glimmer of hope for investors.
• Matters to Watch: The plan is pending shareholder approval at the 2025 AGM; any strong opposition or further deterioration in operations could bring more uncertainty.

Detailed Breakdown

Shenzhen Zhuoyi Technology Co., Ltd. (SZ:002369) held its board meeting on April 24, 2026, and approved the 2025 profit distribution proposal: no cash dividends, no bonus shares, and no capital reserve to share capital transfer, due to persistent losses. The plan will be submitted to the 2025 AGM for approval.

Audited financials show the company posted a net loss attributable to shareholders of -258.36 million RMB in 2025, with the parent company reporting -376.32 million RMB. Consolidated and parent company undistributed profits stand at -1.658 billion RMB and -878.56 million RMB, respectively. The company has made losses for three years and paid no dividends or buybacks in this period.

The company stresses its decision is to ensure future business expansion, R&D, and operating capital, aiming to protect long-term shareholder interests. Although deeply in the red, it has not triggered formal risk warnings under Shenzhen Stock Exchange rules, suggesting it retains going-concern status.

The company further promises to continue improving operational management and pursue transformation in a bid to return to profitability and reward shareholders in the future.

What Investors Should Watch

• Persistent heavy losses and no short-term dividend prospects may erode investor confidence.
• If operations do not recover, or liquidity risks arise, more severe regulatory actions could follow.
• Investors should monitor the outcome of the 2025 AGM and subsequent operating and transformation progress closely.

Disclaimer

This article is based solely on Shenzhen Zhuoyi Technology Co., Ltd.’s public disclosures and is for informational purposes only. It does not constitute investment advice. Investing involves risks; please make decisions carefully and consult professionals as needed.

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