西藏矿业发展股份有限公司2025年度利润分配预案公告深度解读

【要点概览】

• 2025年度公司亏损，拟不派发现金红利、不送红股、不以资本公积金转增股本
• 董事会已审议通过分配预案，尚需提交年度股东大会审议
• 公司不存在触及风险警示的情形，近三年累计分红金额远超监管红线
• 公告强调公司将持续聚焦主营业务，提升经营业绩，承诺未来与投资者共享发展成果

一、利润分配预案审议情况

2026年4月8日，西藏矿业发展股份有限公司（以下简称“公司”）召开第八届董事会第九次会议，审议通过了《关于公司2025年度利润分配预案的议案》。根据相关规定，该预案还需提交2025年度股东大会审议。

二、2025年度利润分配及资本公积金转增股本方案详细信息

• 2025年母公司实现净利润为-19,625,723.17元，归属于上市公司股东的净利润为-30,211,138.32元。
• 年初未分配利润为300,093,214.75元，本年其他转入27,083,370.81元，扣除2024年度现金红利26,058,707.00元后，截止2025年12月31日，母公司累计可供分配利润为281,492,155.39元。
• 合并报表累计可供分配利润为667,567,909.17元，但依据合并报表与母公司报表孰低原则，实际可供分配利润以281,492,155.39元为准。
• 公司2025年度归属于上市公司股东的净利润为负值。为保障公司健康发展，增强抗风险能力，2025年度拟不派发现金红利、不送红股、不以资本公积金转增股本。

三、现金分红方案及风险披露

• 2025年度现金分红总额为0元，与2024年度的26,058,707.00元、2023年度的302,608,062.41元形成鲜明对比。
• 归母净利润为负值，但公司近三年（2023-2025）累计现金分红金额达328,666,769.41元，远高于三年年均归母净利润的30%，且累计分红金额不低于5,000万元。
• 公司未触及《深圳证券交易所股票上市规则》第9.8.1条第（九）项规定的其他风险警示情形。

四、利润分配预案合理性说明

公司2025年度不实施现金分红的决定，系综合考虑公司实际经营情况、发展阶段、盈利水平及未来规划等因素做出的理性选择。当前，公司正专注提升主营业务能力、夯实运营基础，力争在未来实现主营业务收入与利润的稳健增长，承诺以更优异的业绩回报投资者。

五、备查文件

• 第八届董事会第九次会议决议

【投资者需关注的潜在影响与重要信息】

• 本次预案明确2025年度不分红，主要因公司净利润为负且需保留资金应对经营风险，这可能在短期内对股价产生压力，尤其对依赖分红收益的投资者构成负面影响。
• 不过，公告亦强调公司已连续三年累计高额分红，当前决策符合监管要求，不触及退市或风险警示红线，反映出公司治理的合规性与稳健性。
• 公司未来经营方向为提升主营业务竞争力和业绩，投资者可关注公司后续业绩改善及分红政策调整的可能。

Disclaimer： 本文仅为新闻报道及信息披露解读，不构成任何投资建议。投资者据此操作，风险自担。

English Version

In-Depth Review: Tibet Mineral Development Co., Ltd. 2025 Profit Distribution Plan Announcement

Key Highlights

• Company recorded a loss for 2025; proposes no cash dividends, no bonus shares, and no capital reserve to share capital conversion
• Board has approved the distribution plan, pending approval at the annual shareholders’ meeting
• No risk warning triggers; three-year cumulative dividends far exceed regulatory thresholds
• Company emphasizes focus on core business and future shareholder returns

1. Review and Approval Process

On April 8, 2026, Tibet Mineral Development Co., Ltd. (“the Company”) held its 9th meeting of the 8th Board of Directors and approved the “2025 Profit Distribution Plan.” The plan will be submitted to the 2025 Annual General Meeting for approval.

2. Details of the 2025 Profit Distribution and Capital Reserve Conversion Plan

• In 2025, the parent company reported a net profit of -19,625,723.17 yuan, with net profit attributable to shareholders at -30,211,138.32 yuan.
• Beginning unallocated profits were 300,093,214.75 yuan; other transfers in the year totaled 27,083,370.81 yuan; after deducting the 2024 cash dividend (26,058,707.00 yuan), the parent company’s distributable profit as of Dec 31, 2025 was 281,492,155.39 yuan.
• Consolidated statements show total distributable profit at 667,567,909.17 yuan, but per regulatory requirements, the lower figure (281,492,155.39 yuan) is used for profit distribution.
• Due to the negative net profit in 2025, the company proposes no cash dividends, no bonus shares, and no conversion of capital reserve to share capital for the year, prioritizing cash retention for business needs and risk management.

3. Cash Dividend Plan and Risk Disclosure

• Cash dividend for 2025 is 0 yuan, compared with 26,058,707.00 yuan in 2024 and 302,608,062.41 yuan in 2023.
• Although net profit for 2025 is negative, the company paid a cumulative cash dividend of 328,666,769.41 yuan over 2023-2025—well above the regulatory minimum of 30% of three-year average net profit and 50 million yuan in total.
• No triggers for other risk warnings under the Shenzhen Stock Exchange Listing Rules.

4. Rationale for the Profit Distribution Plan

The decision not to pay dividends for 2025 is based on the company’s actual operational status, development stage, profitability, and future plans. The company reiterates its commitment to improving core business and operating results and promises to return more value to shareholders as performance improves.

5. Reference Documents

• 9th Meeting Resolution of the 8th Board of Directors

Investor Takeaways & Potential Impact

• The “no dividend” proposal for 2025 due to a net loss could exert downward pressure on the share price, especially among income-focused investors.
• However, the company’s cumulative dividend record and compliance with regulatory standards reduce the risk of forced delisting or other warnings, demonstrating management’s prudence and compliance.
• Investors should watch for future improvements in company performance and any adjustments to the dividend policy.

Disclaimer: This article is for news reporting and information disclosure interpretation purposes only and does not constitute investment advice. Investors should make decisions at their own risk.

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