Securities code: Guanglian Aviation Industry Co.Ltd(300900) securities abbreviation: Guanglian Aviation Industry Co.Ltd(300900) Announcement No.: 2022034 Guanglian Aviation Industry Co.Ltd(300900)
Announcement on the company’s profit distribution plan for 2021
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Guanglian Aviation Industry Co.Ltd(300900) (hereinafter referred to as the company) deliberated and approved the company’s profit distribution plan for 2021 at the second meeting of the third board of directors held on March 18, 2022. This proposal needs to be submitted to the 2021 annual general meeting of shareholders for deliberation, and the independent directors of the company expressed their independent opinions on this matter. Relevant matters are hereby announced as follows:
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.
According to the provisions of the company law of the people’s Republic of China and the Guanglian Aviation Industry Co.Ltd(300900) articles of association, in combination 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 and the long-term consideration of the 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.
3、 Deliberations of the board of directors and the board of supervisors
On March 18, 2022, the company held the second meeting of the third board of directors and the second meeting of the third board of supervisors respectively, which reviewed and approved the company’s profit distribution plan for 2021. It is considered that the profit distribution plan complies with the provisions of relevant laws, regulations and Guanglian Aviation Industry Co.Ltd(300900) articles of association, does not damage the interests of the company’s shareholders, especially small and medium-sized investors, and is conducive to the sustainable and stable development of the company.
The board of directors and the board of supervisors agreed to this profit distribution plan and agreed to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
4、 Opinions of independent directors
Independent directors believe that the profit distribution plan complies with the requirements of relevant laws, regulations and the articles of association, does not damage the interests of shareholders, especially small and medium-sized shareholders, conforms to the current actual situation of the company, and is conducive to the sustainable, stable and healthy development of the company. We agree to the profit distribution plan and agree to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
5、 Relevant risk tips
The profit distribution plan can only be implemented after being submitted to the general meeting of shareholders for deliberation and approval.
Please pay attention to investment risks.
6、 Documents for future reference
1. Resolution of the second meeting of Guanglian Aviation Industry Co.Ltd(300900) the third board of directors
2. Resolution of the second meeting of Guanglian Aviation Industry Co.Ltd(300900) the third board of supervisors
3. Independent opinions of Guanglian Aviation Industry Co.Ltd(300900) independent directors on matters related to the second meeting of the third board of directors
It is hereby announced.
Guanglian Aviation Industry Co.Ltd(300900) board of directors March 19, 2022
