Dabeinong announces Q3 dividend, project delays, and guarantees

Beijing Dabeinong Technology Group proposes a cash dividend of RMB 0.3 per 10 shares for the first three quarters of 2025, totaling RMB 128,411,158.95. This plan follows a net profit of RMB 256,998,228.40 attributable to shareholders.

The company also announced delays for several raised capital investment projects, including Phase I of the IT System Upgrade and Fuyang Dabeinong Equipment Upgrade. Reasons cited include market changes, construction impacts from adverse weather, and strategic adjustments. Some idle raised capital of RMB 100,000,000 will temporarily supplement working capital for up to 12 months.

Additionally, Dabeinong is providing joint liability guarantees to five subsidiaries of its associate, Heilongjiang Dabeinong Food Technology Group, totaling RMB 10,500,000. These guarantees are aimed at supporting business development and include various credit facilities. The accumulated related-party guarantees to Heilongjiang Dabeinong and its subsidiaries will not exceed RMB 1,795,265,100.