华东数控2025年度利润分配预案详解：不分红决定及投资者关注要点

关键要点及背景说明

威海华东数控股份有限公司（002248）于2026年4月17日召开第七届董事会第九次会议，审议并通过了《关于2025年度利润分配预案的议案》。本次预案内容为2025年度公司不派发现金红利、不送红股、不以资本公积金转增股本，并将提交股东大会审议。

该决定是基于公司2025年财务状况、未来经营计划及资金需求综合考虑作出。根据致同会计师事务所（特殊普通合伙）出具的2025年度审计报告，公司2025年合并报表归属于上市公司股东的净利润为3,375.1万元，母公司实现净利润为3,399.5万元。尽管实现盈利，但截至2025年12月31日，公司合并报表累计可供分配利润仍为负101,193.5万元，母公司累计可供分配利润为负99,511.6万元。累计可分配利润为负是公司作出不分红的重要原因。

对股东和投资者的重要影响与信息

• 不分红决定的原因：公司累计可供分配利润为负，虽然2025年实现盈利，但历史亏损尚未弥补，公司现金流压力较大，需优先保障研发和运营等正常资金需求，支持公司持续、稳定、健康发展。
• 利润分配政策合规性：本次利润分配方案依据中国证监会相关规定、《公司章程》和《未来三年股东分红回报规划（2024-2026年）》等文件制订，符合合法合规、兼顾公司长远利益。
• 历史分红情况：公司自上市以来，最近三个会计年度累计现金分红总额为0元，近三年平均净利润为867万元，表明公司已连续多年未分红。
• 风险警示：根据《股票上市规则》第9.8.1条，公司本次分红方案未触及需进行其他风险警示的情形。
• 后续流程：本议案尚需提交公司股东大会审议。

对股价潜在影响与投资者须知

对投资者而言，公司延续不分红政策，反映其盈利能力有所恢复但整体财务状况仍需持续改善。累积亏损较大，分红能力受限，可能对短期内依赖分红收益的投资者产生负面情绪，或引发公司估值调整压力。但公司强调将资金优先投入研发和运营，长期来看有望助力公司恢复和增长。

投资者需密切关注公司后续财务恢复进展及分红政策变化，同时关注公司持续盈利能力的提升及治理结构的完善情况。

备查文件

• 威海华东数控股份有限公司第七届董事会第九次会议决议。

免责声明：

本文内容基于公司公告及相关资料整理，仅供投资者参考，不构成任何投资建议。投资有风险，决策需谨慎。请投资者关注公司后续公告及实际经营状况。

English Version

Huadong Numerical Control: 2025 Profit Distribution Plan Detailed Announcement

Key Points and Background

Weihai Huadong Numerical Control Co., Ltd. (002248) held its 9th meeting of the 7th Board of Directors on April 17, 2026, where the “2025 Profit Distribution Plan” was reviewed and approved. The plan proposes no cash dividend, no bonus shares, and no capital reserve to equity conversion for 2025, subject to shareholders’ approval.

This decision was made after considering the company’s 2025 financial status, operational plans, and capital requirements. According to the 2025 audit report by Grant Thornton, the company achieved a net profit attributable to shareholders of RMB 33.75 million and a parent company net profit of RMB 33.99 million in 2025. Despite a profit in 2025, the cumulative distributable profit as of December 31, 2025, remains at negative RMB 1,011.94 million on a consolidated basis, and negative RMB 995.12 million for the parent company. The negative accumulated profit is the primary reason for not distributing dividends.

Important Information for Shareholders and Investors

• Reason for No Dividend: The company’s cumulative distributable profit is negative. Despite recent profitability, historical losses have not been offset. The company needs to prioritize cash for R&D and operations to support sustainable, stable development.
• Compliance: The plan follows CSRC rules, the company’s articles, and the “2024-2026 Shareholder Dividend Return Plan,” ensuring legality and alignment with the company’s long-term interests.
• Dividend History: The company has not paid dividends in the past three years, with an average net profit of RMB 8.67 million over this period.
• Risk Warning: As per the Listing Rules, this plan does not trigger any additional risk warnings.
• Next Steps: The plan will be submitted for shareholders’ approval at the upcoming general meeting.

Potential Impact on Share Price and Investor Notes

For investors, the continued suspension of dividends highlights that, despite a return to profitability, the company’s financial health still requires improvement. The inability to pay dividends due to significant accumulated losses may impact short-term investor sentiment and potentially put pressure on the company’s valuation. However, management’s focus on reinvestment for growth may support long-term prospects.

Investors should closely monitor the company’s progress in repairing its financials, future dividend policy changes, and sustained profitability.

Reference Documents

• Resolution of the 9th meeting of the 7th Board of Directors of Weihai Huadong Numerical Control Co., Ltd.

Disclaimer:

The content above is based on official disclosures and public information, for reference only. It does not constitute investment advice. Investment involves risk; please make decisions cautiously and monitor future company announcements and performance.

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