Securities code: Meihua Holdings Group Co.Ltd(600873) securities abbreviation: Meihua Holdings Group Co.Ltd(600873) Announcement No.: 2022010 Meihua Holdings Group Co.Ltd(600873)
Announcement of annual profit distribution plan (plan) 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:
Distribution ratio per share: cash dividend of 4 yuan (including tax) for every 10 shares
The profit distribution is based on the total share capital registered on the equity distribution registration date (deducting the number of shares in the special account for share repurchase), and the specific date will be specified in the equity distribution implementation announcement.
If the total share capital of the company changes before the equity registration date of equity distribution, the distribution proportion per share shall remain unchanged and the total distribution shall be adjusted accordingly.
1、 Contents of profit distribution plan (plan)
According to the audit report issued by Dahua Certified Public Accountants (special general partnership): in 2021, the company realized an operating revenue of 2283689032498 yuan, an increase of 33.94% year-on-year; The net profit attributable to the shareholders of the listed company was 235109166070 yuan, a year-on-year increase of 139.40%. In 2021, the basic earnings per share was 0.76 yuan / share, an increase of 137.50% compared with the previous year.
According to the provisions of the articles of association, in order to better repay shareholders, the profit distribution plan (plan) proposed by the company is to distribute cash dividends of 4.0 yuan (including tax) to all shareholders for every 10 shares based on the total share capital registered on the date of equity distribution (deducting the number of shares in the special account for share repurchase), and it is expected to distribute cash dividends of about 1.239 billion yuan (including tax). The cash dividend ratio of the company this year is about 53%. The plan needs to be submitted to the general meeting of shareholders for deliberation, and the actual amount of distribution shall be subject to the announcement on the implementation of equity distribution issued by the company. If the total share capital of the company changes before the equity registration date of equity distribution, the distribution proportion per share shall remain unchanged and the total distribution shall be adjusted accordingly.
At present, the company holds 44938081 shares through the special account for share repurchase. If the above shares are not transferred out of the special account for share repurchase before the equity registration date of equity distribution, the shares held in the special account for share repurchase will not participate in this profit distribution.
If the total share capital of the company changes from the date of disclosure of this announcement to the date of equity distribution and equity registration due to the conversion of convertible bonds into shares / share repurchase / share incentive grant share repurchase and cancellation / major asset restructuring share repurchase and cancellation, the company will maintain the distribution proportion per share unchanged and adjust the total distribution accordingly.
The profit distribution plan (plan) needs to be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
(I) on March 11, 2022, the 28th meeting of the ninth board of directors held by the company considered the proposal on profit distribution plan (plan) in 2021, and the voting results were 5 affirmative votes, 0 negative votes and 0 abstention votes.
(II) opinions of independent directors
The independent directors believe that the profit distribution plan (plan) of the company in 2021 meets the requirements on cash dividends in the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies (revised in 2022) and the articles of association. The profit distribution plan (plan) matches the development status and capital needs of the company and does not damage the legitimate rights and interests of shareholders of the company, especially small and medium-sized shareholders. It is agreed to submit the plan to the 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 (plan) for 2021 complies with the requirements on cash dividends in the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies (revised in 2022) and the articles of association, and agrees to submit the plan to the general meeting of shareholders for deliberation.
3、 Relevant risk tips
(I) this profit distribution plan (plan) combines the company’s capital situation and the company’s production and operation needs, returns to the majority of shareholders on the premise of ensuring the company’s normal working capital, and will not affect the company’s normal operation and long-term development.
(II) this profit distribution plan (plan) can only be implemented after being submitted to the general meeting of shareholders for deliberation and approval. Please pay attention to the investment risks.
It is hereby announced.
Meihua Holdings Group Co.Ltd(600873) board of directors March 11, 2022
