Xi'an Qujiang Cultural Tourism (SHA:600706) said its uncovered losses exceeded one-third of its total paid-in share capital, according to a Shanghai bourse filing on Tuesday.
As of the end of 2025, the Chinese tourism company's accumulated undistributed loss was 415.9 million yuan, higher than the paid-in share capital of 255.1 million yuan.
The uncovered losses were recorded after the company reversed deferred tax assets related to current-period and prior-period losses.