成飞集成2025年度利润分配预案：不分红、不转增、不送股，投资者需关注亏损风险

一、报告要点速览

• 2025年度母公司净利润为负：净亏损达47,525,585.61元。
• 累计未分配利润仍为正：截至2025年底，母公司报表累计未分配利润为388,138,244.47元。
• 2025年度不分红、不转增资本公积金、不送红股：合并报表与母公司报表均未实现可分配利润。
• 未触及退市风险或其他风险警示条件：公司近三年平均净利润为负，但现金分红比例等未触发风险警示红线。
• 2025年年度利润分配预案需提交年度股东会审议，尚未最终实施。

二、详细内容解析

1. 利润分配预案的审议与流程

2026年3月12日，四川成飞集成科技股份有限公司召开了第八届董事会第二十七次会议，审议通过了2025年度利润分配预案。该预案尚需提交2025年年度股东大会审议通过后方可正式实施。

2. 2025年度盈利及未分配利润情况

• 母公司2025年度实现净亏损47,525,585.61元。
• 加上以前年度结转未分配利润435,663,830.08元，扣除2024年度未分配（0元），2025年底累计未分配利润为388,138,244.47元。
• 合并报表归属于上市公司股东的净利润为-43,949,168.25元，累计未分配利润为667,517,858.88元。

3. 利润分配及资本公积金转增股本方案

由于2025年度合并报表与母公司报表均为亏损，不满足实施现金分红、资本公积金转增股本及送红股的条件。公司2025年度拟不派发现金红利、不进行资本公积金转增股本、不送红股。

4. 近三年分红及风险警示情况

• 2023年度现金分红4,304,752.12元，2024、2025年度无分红。
• 近三年累计现金分红总额4,304,752.12元，平均净利润为-35,170,142.71元。
• 公司已上市满三个完整会计年度，近三年未触及深圳证券交易所第9.8.1条第（九）项规定的其他风险警示情形。

5. 利润分配预案合理性说明

公司依据财政部、深交所相关规定及公司章程，利润分配应以母公司报表可供分配利润为基础，并以合并及母公司报表中较低者为准。2025年度公司合并与母公司报表均为亏损，因此不具备分红条件，符合相关法规和公司内部规定。

6. 风险提示

• 本次利润分配预案披露前，公司已严格履行内幕信息保密和管理规定，防止信息泄露和内幕交易。
• 该预案尚需年度股东会审议通过后方可实施。

三、投资者需重点关注的信息及潜在股价影响

• 连续亏损态势：公司2024、2025连续两年亏损，尽管累计未分配利润仍为正，但持续亏损可能影响投资信心与估值。
• 不分红可能影响投资者回报预期：2025年无现金分红、无转增、无送股，股东短期内无法获得现金回报，或对股价形成一定压力。
• 尚未触及重大风险警示线：公司未触及退市警示等风险，但需继续关注未来盈利修复情况。
• 预案尚未最终实施：最终方案需股东会通过，若有调整需及时关注。

四、结论

成飞集成2025年度利润分配预案显示，公司因年度亏损，将不进行现金分红、资本公积金转增股本或送红股。尽管累计未分配利润仍有较大余额，但连续亏损需引起投资者警惕。投资者应关注公司后续经营改善及年度股东大会决议情况，合理评估投资风险和回报预期。

免责声明：本新闻稿仅供参考，不构成任何投资建议。投资者据此操作，风险自负。

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English Version

Chengfei Integration 2025 Profit Distribution Plan: No Dividend, No Bonus Issue – Key Takeaways for Investors

1. Key Highlights

• 2025 Parent Company Net Profit Negative: Net loss of RMB 47,525,585.61.
• Accumulated Undistributed Profit Still Positive: As of end-2025, parent company’s accumulated undistributed profit is RMB 388,138,244.47.
• No Dividend, No Capital Reserve to Equity, No Bonus Shares for 2025: Both consolidated and parent company reports showed no distributable profit.
• No Delisting or Major Risk Warning Triggered: Three-year average net profit is negative, but cash dividend ratio and other indicators have not triggered risk warning lines.
• Plan Pending Shareholder Approval: Distribution plan must be approved at the 2025 annual general meeting before final execution.

2. Detailed Breakdown

1. Review and Approval Process

On March 12, 2026, the company’s 8th Board of Directors held its 27th meeting and approved the 2025 profit distribution plan, which will be submitted to the 2025 AGM for final approval.

2. Profit and Undistributed Profits for 2025

• Parent company net loss for 2025: RMB 47,525,585.61.
• Adding undistributed profit from previous years (RMB 435,663,830.08) and deducting 2024 distribution (RMB 0), cumulative undistributed profit at end-2025 is RMB 388,138,244.47.
• Consolidated net profit attributable to shareholders: -RMB 43,949,168.25; cumulative undistributed profit: RMB 667,517,858.88.

3. Distribution and Capital Reserve Plan

Due to losses in both consolidated and parent statements, the company does not meet the conditions for cash dividend, capital reserve to equity, or bonus shares for 2025. No distributions will be made.

4. Recent Three-Year Dividend and Risk Warning Status

• 2023 cash dividend: RMB 4,304,752.12; 2024 and 2025: none.
• Three-year cumulative cash dividend: RMB 4,304,752.12; average net profit: -RMB 35,170,142.71.
• The company has been listed for more than three accounting years and has not triggered Shenzhen Stock Exchange risk warning criteria.

5. Rationale for the Profit Distribution Plan

The plan complies with Ministry of Finance and SZSE rules and company articles, requiring that profit distributions are based on parent company distributable profits, and the lower of parent or consolidated figures. As both are negative, distribution conditions are not met, in full compliance with regulations and internal rules.

6. Risk Reminders

• Company has fulfilled insider information management and reporting obligations prior to disclosure, to prevent leaks or insider trading.
• Plan must be approved at the AGM before execution.

3. Investor Focus & Potential Price Impact

• Ongoing Losses: Two consecutive years of losses (2024, 2025); while accumulated undistributed profit remains positive, ongoing losses may hurt investor confidence and valuation.
• No Dividend May Affect Shareholder Returns: No cash dividend, bonus shares, or capital reserve conversion may pressure share price due to reduced near-term returns.
• No Delisting or Major Risk Warning: Not yet reached major regulatory thresholds, but ongoing performance recovery is crucial to monitor.
• Plan Not Yet Final: Plan could change at the AGM—investors should monitor closely.

4. Conclusion

Chengfei Integration’s 2025 profit distribution plan reflects a prudent approach in light of consecutive losses – no dividend, no bonus issue, and no capital reserve conversion. Despite a positive cumulative profit, the loss trend warrants investor caution. Watch for further updates from the AGM and assess risk/return accordingly.

Disclaimer: This news report is for reference only and does not constitute investment advice. Investors act at their own risk.

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