Securities code: Guanghui Logistics Co.Ltd(600603) securities abbreviation: Guanghui Logistics Co.Ltd(600603) Announcement No.: 2022017 Guanghui Logistics Co.Ltd(600603)
Announcement of no profit distribution in 2021
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Guanghui Logistics Co.Ltd(600603) (hereinafter referred to as "the company") plans not to distribute profits and convert capital reserve into share capital in 2021.
The profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
1、 Profit distribution plan for 2021
Audited by Daxin Certified Public Accountants (special general partnership), the company realized the net profit attributable to the shareholders of the parent company of 57289924986 yuan in the consolidated statement in 2021. The net profit of the parent company in 2021 was 1875143442 yuan. As of December 31, 2021, the accumulated undistributed profit of the parent company was 27519352600 yuan.
In consideration of the long-term interests of the company's operation and development and the large amount of debt and interest to be repaid by the company in the next year, in order to ensure the smooth progress of the company's business projects, the company plans not to distribute profits and convert capital reserve into share capital in 2021 after deliberation and approval at the second meeting of the 10th board of directors held on March 9, 2022.
The profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
2、 Description of no profit distribution in 2021
As of the disclosure date of the annual report, the company's short-term debt and interest due in the next year totaled 941 million yuan. At the same time, as the company's supporting fund-raising investment project "Urumqi North Station comprehensive logistics base project" (phase II) will continue to be constructed, the supporting fund-raising fund of 505 million yuan temporarily used to supplement working capital needs to be returned, The company has a large amount of deterministic cash expenditure in the next year. At the same time, affected by covid-19 pneumonia epidemic, real estate regulation policies and other factors, the business environment faced by the company will remain severe, complex and changeable in the foreseeable future. In 2021, it is very important to ensure the company's stable cash flow and long-term capital reserve, so as to better protect the company's long-term capital reserve and enhance the company's ability to resist risks.
3、 Purpose and use plan of undistributed profits of the company
The undistributed funds will be used for production and operation funds, reduce financing scale, reduce financial expenses, improve the ability to resist capital turnover risks, ensure the demand for working capital for the rapid development of the company, and help to improve the company's operating performance and sustainable development ability.
4、 Decision making procedures for the implementation of this profit distribution plan
(I) convening, deliberation and voting of the board meeting
After deliberation at the second meeting of the 10th board of directors in 2022 held on March 9, 2022, all directors unanimously adopted the proposal on the company's proposed no profit distribution in 2021.
(II) opinions of independent directors
The company's plan not to carry out profit distribution in 2021 is in line with the current actual situation of the company, takes full account of the company's current operating performance and strategic needs, takes into account the immediate and long-term interests of shareholders, is conducive to the sustainable, stable and healthy development of the company, and complies with the articles of association, the relevant provisions of the CSRC and the Shanghai Stock Exchange on cash dividends of listed companies, directors Supervisors and senior managers are diligent and responsible, and there is no situation that damages the interests of the company and its shareholders, especially small and medium-sized shareholders, no obvious unreasonable situation such as cash out of major shareholders, or relevant shareholders abuse shareholders' rights and improperly intervene in the company's decision-making. Therefore, we agree to submit the proposal of no profit distribution in 2021 to the 2021 annual general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The board of supervisors believes that the company's profit distribution plan for 2021 complies with the relevant provisions of the CSRC, Shanghai Stock Exchange and the articles of association on cash dividends of listed companies, takes full account of the company's current business development needs and capital needs, takes into account the company's future development and the long-term interests of shareholders, and is in line with the company's strategic development needs and the company's current actual situation, It can fully guarantee the reasonable return to investors and agrees to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
5、 Relevant risk tips
The proposal that the company will not make profit distribution in 2021 needs to be submitted to the 2021 annual general meeting of shareholders for deliberation and approval. Please pay attention to the investment risks.
It is hereby announced.
Guanghui Logistics Co.Ltd(600603) board of directors
March 10, 2022
