FilingReader Intelligence

Lingyuan Iron & Steel: Heavy losses prompt no dividend for 2024

April 1, 2025 at 05:04 AM UTCBy FilingReader AI

Lingyuan Iron & Steel (SSE:600231) reported substantial losses in 2024, prompting the board to recommend no dividend payment for the year and also not to capitalize on the stock premium. This decision, outlined in the Ninth Session of the Board's twenty-second meeting, stems from a significant loss of CNY1,678.46 million attributed to shareholders and the recognition of approximately CNY468 million as a deferred income tax expense.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600231Shanghai Stock Exchange
Steel

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