Guanglian Aviation Industry Co.Ltd(300900)
2021 profit distribution plan
1、 Basic information of profit distribution plan
Audited by Tianzhi International Certified Public Accountants (special general partnership), the undistributed profit of the company at the beginning of 2021 was 23015565420 yuan, and the net profit attributable to the owner of the parent company in 2021 was 3837476165 yuan. After deducting the accrued surplus reserve of 411679350 yuan and the distribution of cash dividend of 2102400000 yuan in 2020 in the reporting period, At the end of 2021, the profit available for investors to distribute was 24338962235 yuan (the data of the company’s consolidated statements).
The undistributed profit at the beginning of 2021 in the financial statements of the parent company is 20823218471 yuan, and the net profit in 2021 is 4116793500 yuan. After deducting the accrued surplus reserve of 411679350 yuan and deducting the cash dividend of 2102400000 yuan in 2020 in the reporting period, the profit available for distribution to investors at the end of 2021 is 22425932621 yuan.
In accordance with the provisions of the company law of the people’s Republic of China and the articles of association, combined with the company’s current actual operating conditions, performance growth and the funds required for business expansion, in order to ensure the steady and sustainable development and stable operation of the company, as well as the long-term interests of all shareholders, the company’s profit distribution plan for 2021 is: no cash dividend, no bonus shares and no conversion of accumulation fund into share capital in 2021.
2、 Reasons for no profit distribution in 2021
Since the company is currently in a critical stage of strategic development, in 2022, the company will continue to improve its product layout, increase R & D and market investment, promote R & D progress and product upgrading, and expand the market of new products. Therefore, the company has a large demand for funds. At the same time, considering the continuous impact of covid-19 pneumonia epidemic, the company retains sufficient capital to ensure the capital demand of normal operation and the smooth implementation of development strategy, improve the ability to deal with potential risks, and promote the steady operation and long-term development of the company.
Guanglian Aviation Industry Co.Ltd(300900) board of directors March 18, 2022
