300199SZSE
🚨 Material Event

Announcement on Uncovered Losses Exceeding One-Third of Paid-in Capital

Hybio Pharmaceutical Co., Ltd.··2 pages

✨ AI Summary

Shenzhen Han Yu Pharmaceutical Co., Ltd. announces that its accumulated uncovered losses have exceeded one-third of its paid-in capital as of December 31, 2025. This situation necessitates a shareholder vote. The company attributes this to significant prior year losses, despite current year profits. Strategies include core business expansion, cost reduction, and increased R&D investment.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Securities Code: 300199

Securities Abbreviation: Han Yu Pharmaceutical

Announcement Number: 2026-039

Shenzhen Han Yu Pharmaceutical Co., Ltd.

Announcement on Uncovered Losses Exceeding One-Third of Paid-in Capital

The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

Shenzhen Han Yu Pharmaceutical Co., Ltd. (hereinafter referred to as the "Company") held the fifteenth meeting of the Sixth Board of Directors on July 1, 2026, and approved the "Proposal on Uncovered Losses Exceeding One-Third of Paid-in Capital." This proposal will be submitted to the Company's third extraordinary general meeting of shareholders in 2026 for review. The relevant situation is hereby announced as follows:

I. Overview

According to the "Audit Report" issued by Zhengdazhiyuan (Shenzhen) Certified Public Accountants (Special General Partnership), as of December 31, 2025, the Company's consolidated financial statements for 2025 showed undistributed profits of -1,813,796,112.86 yuan, and the Company's paid-in capital was 883,241,336.00 yuan. The Company's uncovered losses have exceeded one-third of its paid-in capital. In accordance with the "Company Law of the People's Republic of China" and the "Articles of Association," when uncovered losses reach one-third of the paid-in capital, the matter must be submitted to the Company's shareholders' meeting for review.

II. Reasons for Uncovered Losses

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.