中洲控股2025年度利润分配方案：不分红，亏损大幅收窄，投资者需密切关注

一、公告要点梳理

• 深圳市中洲投资控股股份有限公司（股票代码：000042，简称“中洲控股”）2025年度拟不进行利润分配，即不派发现金红利、不送红股、不进行资本公积转增股本。
• 2025年度归属于上市公司股东的净利润为亏损90,240.70万元（约9.02亿元），但亏损金额较2024年同期减少55.43%，显示公司经营状况有所改善。
• 该利润分配方案已于2026年4月16日经公司第十届董事会第十五次会议审议通过，尚需提交2025年度股东大会审议。

二、详细财务数据及分红方案说明

• 2025年度公司实现归属于上市公司股东的净利润为-902,407,022.03元（负数），上年度为-2,024,703,774.39元，上上年度为-1,844,825,335.86元，亏损有所收窄。
• 2025年末累计未分配利润为-343,363,772.22元（合并报表），母公司层面累计未分配利润为6,323,928,192.15元。
• 最近三个会计年度，公司累计现金分红总额和回购注销总额均为0元，平均净利润为-1,590,645,377.43元，显示公司连续三年未进行现金分红或回购注销。
• 公司上市已满三个完整会计年度，且不触及《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。

三、利润分配方案未分红的合理性分析

• 公司表示，2025年度合并利润表归属于上市公司股东的净利润为负，考虑公司当前盈利状况、宏观经济形势、行业整体环境及2026年资金需求，根据公司章程，决定不进行现金分红、不送红股、不转增股本。
• 公司强调本次分配预案综合考虑行业状况、发展战略、经营情况及投资计划，有利于保障公司持续稳定经营和后续可持续发展，更好地维护全体股东的长远利益。

四、对股东及投资者的潜在影响

• 亏损大幅收窄：2025年亏损大幅减少，说明公司经营状况出现改善迹象，若后续持续向好，可能提振市场信心。
• 连续三年未分红：公司连续三年未进行现金分红及回购注销，短期内对于寻求现金回报的投资者并不利，可能对股价形成压力。
• 未触及风险警示：尽管公司持续亏损，未触及强制风险警示条款，显示公司整体运营尚可控。
• 发展战略调整迹象：公司强调保留资金，保障持续经营和未来发展，或预示公司正处于战略调整期，投资者需关注未来经营和转型进展。

五、投资者须知及重要时间节点

• 本利润分配预案尚需提交2025年度股东大会审议，最终结果尚未确定。
• 建议投资者关注公司2026年及以后年度的经营情况和利润分配政策变化。

六、公告原文相关信息

• 董事会决议通过时间：2026年4月16日
• 公告发布日期：2026年4月18日
• 审计机构：德勤华永会计师事务所

免责声明

本文内容仅供参考，不构成任何投资建议。投资者需结合自身风险承受能力，谨慎决策。公司未来业绩及政策存在不确定性，敬请注意投资风险。

English Version

Zhongzhou Holdings: No Dividend for 2025, Significant Loss Reduction Signals Recovery—Key Information for Investors

1. Key Highlights

• Shenzhen Zhongzhou Investment Holdings Co., Ltd. (Stock Code: 000042, “Zhongzhou Holdings”) plans not to distribute profits for 2025—no cash dividends, no bonus shares, and no capital reserve to share conversion.
• The company’s net loss attributable to shareholders for 2025 is RMB 902.41 million, but the loss has narrowed by 55.43% compared to 2024, indicating improved operations.
• The proposal has been approved by the 15th meeting of the 10th Board of Directors on April 16, 2026, but still requires approval from the 2025 Annual General Meeting of shareholders.

2. Financial Data and Dividend Policy Details

• 2025 net loss attributable to shareholders: -RMB 902,407,022.03; 2024: -RMB 2,024,703,774.39; 2023: -RMB 1,844,825,335.86. The loss is narrowing year-on-year.
• As of year-end 2025, cumulative undistributed profit: -RMB 343,363,772.22 (consolidated); RMB 6,323,928,192.15 (parent company).
• No cash dividends or share buybacks in the past three years; average net profit over the period: -RMB 1,590,645,377.43.
• The company has been listed for more than three full fiscal years and does not trigger any other risk warnings as per stock exchange rules.

3. Rationale for No Dividend Distribution

• Zhongzhou Holdings cited continued negative net profits, macroeconomic conditions, industry trends, and funding needs for 2026 as reasons for the no dividend policy, in accordance with its Articles of Association.
• The company believes the plan benefits sustainable and stable operations and protects the long-term interests of all shareholders.

4. Potential Impact on Shareholders and Investors

• Significant Loss Reduction: The company’s annual loss has sharply narrowed, suggesting operational improvements that could boost market sentiment if the trend continues.
• No Shareholder Return for Three Years: The lack of cash returns for three consecutive years may pressure the share price, especially for income-focused investors.
• No Forced Risk Warning: Despite continued losses, the company is not subject to mandatory risk warnings, indicating overall operational control.
• Strategic Focus on Future Growth: Emphasis on retaining capital may reflect a period of strategic adjustment—investors should monitor future restructuring and business transformation efforts.

5. Investor Notes & Key Dates

• The profit distribution plan is subject to approval at the 2025 Annual General Meeting; final outcome pending.
• Investors are advised to closely track Zhongzhou Holdings’ subsequent performance and any changes to dividend policy.

6. Other Key Information

• Board resolution date: April 16, 2026
• Announcement date: April 18, 2026
• Audit firm: Deloitte Touche Tohmatsu Certified Public Accountants LLP

Disclaimer

The content above is for reference only and does not constitute investment advice. Please assess your risk tolerance carefully. The company’s future performance and policies remain subject to change; exercise caution when making investment decisions.

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