西安环球印务发布2025年度拟不进行利润分配公告，三年连亏，利润滚存保发展

【要点摘要】
西安环球印务股份有限公司（证券代码：002799）于2026年4月23日召开第六届董事会第十七次会议，审议通过了《2025年度利润分配方案》的议案。公司决定2025年度不进行利润分配、不送红股，也不以资本公积金转增股本。该议案尚需提交2025年度股东大会审议。

一、利润分配方案主要内容

• 经天职国际会计师事务所审计，2025年度母公司实现净利润为76,072,043.06元。
• 按照净利润10%提取法定盈余公积金7,607,204.31元。
• 截至2025年12月31日，母公司可供股东分配的利润为169,830,846.87元。
• 但合并报表口径，2025年度归属于上市公司股东的净利润为-22,003,718.99元，已连续三年亏损（前两年分别为-52,376,848.32元和-221,928,603.35元）。
• 公司2025年度现金分红总额为0，上两年度亦为0，再前一年为11,521,440元。
• 公司上市已满三个完整会计年度，三年累计现金分红总额为11,521,440元，三年平均净利润为-98,769,723.55元。
• 本次未触及《深圳证券交易所股票上市规则》第9.8.1条关于其他风险警示的情形。

二、利润不分配的合理性说明

公司章程规定，最近一期经审计净利润为负的，公司可以不进行利润分配。目前公司已连续三年未实现盈利，符合公司章程关于不实施现金分红的前提条件。董事会表示，综合考虑行业特点、发展阶段、财务状况、经营管理和中长期发展，公司决定2025年度不派发现金红利、不送红股、不以资本公积转增股本。本次分配方案符合法律法规及公司分红政策，具备合法、合规、合理性。

三、未分配利润用途及后续计划

为支持公司长远战略发展、更好维护全体股东利益，公司将2025年度未分配利润滚存至下一年度，用于满足日常生产经营资金需求，增强公司抵御风险的能力，促进主营业务稳健发展。未来，公司将继续重视现金分红回报股东，严格遵守相关法律法规及公司章程，积极履行利润分配政策，与投资者共享公司成长成果。

四、对投资者及股价影响分析

投资者应关注事项及潜在影响：

• 公司已连续三年亏损，2025年度合并报表净利润为负，且现金分红连续三年为零，这在A股市场属于明显的负面信号。
• 公司可供分配利润仍然较高，显示有持续经营能力，但短期内盈利能力有限。
• 公司未触及强制风险警示红线，但未分红可能影响市场对公司治理和回报能力的信心，短期或对股价形成压力。
• 公告显示公司将利润滚存以备后续发展，有利于增强抗风险能力和支持主营业务，但投资者需关注公司何时恢复盈利、未来现金分红政策的调整节奏。

五、备查文件

• 第六届董事会第十七次会议决议

公告时间：2026年4月23日

免责声明： 本文根据西安环球印务股份有限公司公开披露的公告材料整理，旨在为投资者提供更全面、详细的信息解读。文中观点仅供参考，不构成任何投资建议。投资者据此操作，风险自负。

Xi’an Global Printing: 2025 No Dividend Distribution Plan Detailed Explanation – Three Years of Losses, Profits to be Retained for Future Growth

Key Highlights:
Xi’an Global Printing Co., Ltd. (Stock Code: 002799) convened its 17th meeting of the 6th Board of Directors on April 23, 2026, and approved the 2025 Profit Distribution Plan. The company proposes not to distribute dividends, nor issue bonus shares, nor convert capital reserves into share capital for 2025. This plan still awaits approval at the 2025 Annual General Meeting.

1. Main Content of Profit Distribution Plan

• Audited by Tianzhi International CPA, the parent company’s net profit for 2025 was RMB 76,072,043.06.
• 10% of net profit, i.e., RMB 7,607,204.31, will be appropriated to statutory surplus reserves.
• As of December 31, 2025, the parent company’s distributable profit was RMB 169,830,846.87.
• However, at the consolidated level, net profit attributable to shareholders was negative RMB 22,003,718.99 in 2025, marking the third consecutive year of losses (previously -RMB 52,376,848.32 and -RMB 221,928,603.35).
• No cash dividends for 2025 or the previous year; only RMB 11,521,440 distributed three years ago.
• The company has been listed for over three full fiscal years, with three-year cumulative cash dividends of RMB 11,521,440 and average three-year net profit of -RMB 98,769,723.55.
• No triggering of “other risk warning” under the Shenzhen Stock Exchange Listing Rules Article 9.8.1.

2. Rationale for No Dividend Distribution

According to the Articles of Association, the company may skip a profit distribution if the latest audited net profit is negative. Having suffered losses for three consecutive years, the company meets this condition. The Board cites industry characteristics, development stage, financial status, management, and medium/long-term strategy as reasons for not distributing cash dividends, bonus shares, or converting capital reserves. The plan complies with regulations and is considered legal, compliant, and reasonable.

3. Use and Plan for Retained Profits

To support strategic growth and protect shareholder interests, the unallocated 2025 profits will be carried forward to the next year, used to meet daily operations and strengthen risk resilience. The company will continue to value cash dividends for shareholders in the future, strictly abide by laws and the Articles, and actively implement dividend policies as conditions permit.

4. Implications for Investors and Share Price

Investors should note the following:

• The company has posted losses for three consecutive years, with negative consolidated net profit for 2025 and no cash dividends for three years—this is a clear negative signal in the A-share market.
• Company’s distributable profit remains relatively high, indicating ongoing operations, but profitability is weak in the short term.
• No regulatory risk warning is triggered, but lack of dividends may affect market confidence in the company’s governance and shareholder returns, potentially exerting short-term pressure on the share price.
• The company stresses retaining profits to support future development and risk resistance, but investors should watch for profitability recovery and changes in dividend policy going forward.

5. Reference Documents

• Resolution of the 17th Meeting of the 6th Board of Directors

Announcement date: April 23, 2026

Disclaimer: This article is compiled based on public disclosures from Xi’an Global Printing Co., Ltd. and seeks to provide investors with more comprehensive information. The views herein are for reference only and do not constitute investment advice. Investors act at their own risk.

View 环球印务 Historical chart here