Nata Opto-electronic announces profit distribution, capital changes, and asset impairments

Jiangsu Nata Opto-electronic Material's board approved a 2025 half-year profit distribution of RMB 1.80 per 10 shares, totaling RMB 124,408,242.54. This distribution follows an increase in registered capital from RMB 575,964,086 to RMB 691,156,903, resulting from a 2024 capital reserve transfer of 2 shares for every 10 shares. The company also updated its Articles of Association, eliminating the supervisory board and assigning its functions to the board's audit committee.

The company further reported a total impairment provision of RMB 3,918.68 million for the first half of 2025, comprising RMB -58.33 million in credit impairment losses and RMB 3,977.01 million in asset impairment losses. These adjustments will reduce the 2025 half-year total profit by RMB 3,918.68 million. Additionally, the company provided an overview of its use of raised funds, which includes investments in ongoing projects like the photoresist and nitrogen trifluoride production expansion, alongside the termination and asset sale of the hexafluorobutadiene industrialization project.

The board also approved revisions to various internal policies and systems, including rules for board and shareholder meetings, fundraising management, and disclosure, to align with the latest legal requirements and enhance corporate governance. The company's unaudited net profit attributable to shareholders for the first half of 2025 was RMB 207,814,081.34.