Stock abbreviation: Shanghai Diesel Engine Co.Ltd(600841) Shangchai B Share Stock Code: Shanghai Diesel Engine Co.Ltd(600841) 900920 No.: lin2022008 Shanghai new power automobile technology Co., Ltd
Announcement on 2021 profit distribution plan
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 RMB 0.1275 per share (tax included), of which B-share dividend is converted into US dollars.
The profit distribution is based on the total share capital registered on the equity distribution registration date, 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, it is proposed to maintain the total distribution unchanged, adjust the distribution proportion per share accordingly, and make a separate announcement on the specific adjustment
The company held the second meeting of the tenth session of the board of directors on March 17, 2022, and reviewed and approved the profit distribution plan for 2021. The specific information is announced as follows:
1、 Contents of profit distribution plan
According to the audit of Ernst & Young Huaming Certified Public Accountants (special general partnership), the consolidated net profit attributable to the parent company in 2021 was 69298168917 yuan and earnings per share was 0.56 yuan. The net profit realized by the parent company in 2021 was 49091241885 yuan, the statutory surplus reserve was 4909124188 yuan, plus the undistributed profit carried forward from previous years of 141229653231 yuan, minus the cash dividend of 7197059955 yuan distributed by the company in 2020, the profit available for distribution to shareholders of the parent company at the end of 2021 was 178214710973 yuan. The total share capital of the company at the end of 2021 was 1631535732 shares. Considering the reasonable return to investors and the development of the company, the profit distribution plan for 2021 is proposed as follows after deliberation at the second meeting of the tenth session of the board of directors of the company: Taking the total share capital registered on the date of equity distribution of the company as the base, cash dividends of RMB 1.275 (including tax) are distributed to all shareholders for every 10 shares, and the remaining undistributed profits are carried forward to future annual distribution. The above profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
If the total share capital of the company changes before the equity registration date of equity distribution, it is proposed to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and make a separate announcement on the specific adjustment. According to the calculation of the above distribution plan, if it is deliberated and approved by the general meeting of shareholders, the proportion of cash dividends of the company in 2021 will be 30.02%.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the second meeting of the 10th board of directors on March 17, 2022, and reviewed and approved the profit distribution plan for 2021. The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
(II) opinions of independent directors
The independent directors of the company reviewed the company's profit distribution plan for 2021 and expressed their independent opinions as follows: the profit distribution plan for 2021 submitted by the company to the board of directors for deliberation complies with the provisions of relevant laws and regulations and the profit distribution policies specified in the articles of association, and fully considers the capital needs of the company's operation and development. There is no damage to the interests of shareholders, especially small and medium-sized shareholders, which is conducive to the sustainable, stable and healthy development of the company, It also protects the legitimate rights and interests of small and medium-sized investors. The deliberation procedure of the company's profit distribution plan complies with relevant regulations and fully listens to the opinions of independent directors. There was no adjustment or change of profit distribution policy in 2021.
3、 Relevant risk tips
(I) analysis of the impact of cash dividends on earnings per share, cash flow and production and operation of listed companies
The company's 2021 profit distribution plan combines the company's development stage, future capital demand and other factors, and will not have a significant impact on the company's earnings per share, cash flow status and production and operation.
(II) description of other risks
This profit distribution plan can only be implemented after being submitted to the general meeting of shareholders of the company for deliberation and approval. Please invest rationally and pay attention to risks.
It is hereby announced.
Board of directors of Shanghai New Power Automotive Technology Co., Ltd
March 17, 2022
