Securities Code: 300291 Securities Abbreviation: Baina Qiancheng Announcement No.: 2026-023
Beijing Baina Qiancheng Film and Television Co., Ltd.
Announcement on Unamortized Losses Reaching One-Third of Paid-in Capital
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Beijing Baina Qiancheng Film and Television Co., Ltd. (hereinafter referred to as the "Company") held the 31st meeting of the Fifth Board of Directors on April 23, 2026, and reviewed and approved the "Proposal on Unamortized Losses Reaching One-Third of Paid-in Capital." This proposal is subject to the review of the Company's 2025 Annual Shareholders' Meeting. The specific situation is hereby announced as follows:
I. Overview
As of December 31, 2025, the Company's consolidated financial statements show an undistributed profit of -388,918.32 million yuan. The Company's paid-in capital is 94,188.9651 million yuan. The amount of unamortized losses has exceeded one-third of the total paid-in capital.
II. Reasons for Losses
This is mainly due to significant losses incurred in previous years, and the Company's operations in 2025 were unable to offset these losses.
III. Mitigation Measures
In 2026, the Company will leverage its own resource endowments, closely follow the trends of industrial digitalization, refinement, and globalization, and focus on reducing losses, increasing efficiency, and transforming and upgrading. The Company will steadily promote high-quality development and gradually improve its profitability.