NJTC: Plans to use CNY 1.574 billion from reserves to cover losses

Zhitong
2025.10.27 11:55

NJTC announced that due to the impact of the financial crisis and the sluggish shipping market, the company experienced consecutive losses from 2010 to 2014, and after delisting and restructuring, there are still unmade-up losses. As of the end of December 2024, the parent company's undistributed profits amount to -1.574 billion yuan. The company plans to first use the surplus reserve of 3.1939 million yuan to make up for the losses, and the remaining 1.571 billion yuan will be covered by the capital reserve. After implementation, the surplus reserve will be reduced to 0 yuan, the capital reserve will be reduced to 2.71 billion yuan, and the undistributed profits will become 0 yuan. This proposal has been approved by the board of directors but still requires review by the shareholders' meeting, which carries uncertainty

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