Securities code: Shanghai Environment Group Co.Ltd(601200) securities abbreviation: Shanghai Environment Group Co.Ltd(601200) Announcement No.: pro 2022007 Shanghai Environment Group Co.Ltd(601200)
Announcement of annual profit distribution 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: Shanghai Environment Group Co.Ltd(601200) (hereinafter referred to as "the company") plans to distribute cash dividend of 0.10 yuan (including tax) per share to all shareholders based on the total share capital of 1121858543 shares at the end of 2021, and the remaining undistributed profit will be reserved for distribution in the future years.
The reason why the proportion of cash dividend is lower than 30% in this year: at present, the company's environmental protection industry has maintained a continuous growth trend. The company plans to implement a proactive market strategy. In order to seize the investment opportunities of environmental protection projects and ensure the continuous and stable operation of the original projects, a relatively stable dividend scheme has been formulated this time. At the same time, in order to safeguard the interests of existing shareholders, Compared with 2020, the level of cash dividends has been steadily improved. The total amount of cash dividends to be distributed accounts for 16.34% of the net profit attributable to shareholders of listed companies realized in 2021, and the proportion of dividends has increased compared with previous years.
1、 Contents of profit distribution plan
According to the audit report issued by Ernst & Young Huaming Certified Public Accountants (special general partnership) (Ernst & Young Huaming (2022) SZ No. [61359339b01]), the undistributed profit of the company at the beginning of the year was 374240769712 yuan, the net profit attributable to the owner of the company in 2021 was 68651139732 yuan, the statutory surplus reserve was 3011140879 yuan, and the cash dividend in 2020 was 9552160337 yuan, As of December 31, 2021, the company's accumulated undistributed profit was 430328608228 yuan.
According to the resolution of the 21st Meeting of the second board of directors of the company, the profit distribution plan is as follows:
In 2021, based on the total share capital of 1121858543 shares at the end of 2021, the company plans to distribute cash dividends of 1.00 yuan (including tax) to all shareholders for every 10 shares, and the remaining undistributed profits will be reserved for distribution in future years. According to the plan, the total cash dividend to be distributed this time is 11218585430 yuan (including tax), accounting for 16.34% of the net profit attributable to the shareholders of the company in 2021.
The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
2、 Description of cash dividend ratio less than 30% in this year
During the reporting period, the net profit attributable to the shareholders of the listed company was 68651139732 yuan, and the accumulated undistributed profit was 430328608228 yuan. Based on the total share capital of the company at the end of 2021, the total cash dividend to be distributed by the listed company was 11218585430 yuan (including tax), accounting for less than 30% of the net profit attributable to the shareholders of the listed company this year. The specific reasons are described below.
(I) industry situation and characteristics of listed companies
2021 is the first year of the "14th five year plan" to start the journey of building a socialist modern country in an all-round way. The construction of ecological civilization has been continuously promoted, the battle of pollution prevention and control has been continuously launched, and the field of solid waste presents a development pattern of both opportunities and challenges. "Waste free city" has entered a new stage of promotion, the market gate under the "double carbon goal" is about to be opened, the 14th five year plan of circular economy is issued, the recycling of solid waste will become the main driving force of the market, and the solid waste industry will gradually transform from high-speed development to high-quality development. As China enters a new era of ecological civilization, the goal of building a well-off society in an all-round way has also brought new development requirements to water supply and environmental governance. Since the beginning of the 14th five year plan, the government has launched a series of policies to make up for deficiencies in the field of sewage treatment, focusing on the treatment of urban black and smelly water bodies, the improvement of quality and efficiency of urban sewage treatment, the protection and restoration of the Yangtze River, the ecological protection and treatment of the Yellow River, the treatment of key sea areas, the treatment of agricultural and rural pollution, etc. In the future, there is still much room for investment in the environmental protection industry.
(II) development stage and business model of listed companies
In order to consolidate and develop into an excellent provider of comprehensive environmental solutions, the company aims to enhance its core competitiveness, closely follows the development opportunities of China's environmental protection industry, and evolves from "2 + 4" to "environmental governance +" strategic pattern. Deeply cultivate the local market in Shanghai, integrate into the construction of "five new towns" and "resilient cities", the integration of the Yangtze River Delta and the overall situation of ecological and environmental protection in the Yangtze River economic belt, promote the penetration of mature businesses, the acceleration of star businesses, the cultivation of emerging businesses and future business reserves, accelerate the upgrading of business models, expand environmental housekeeper services and increase the share of non electricity revenue, Taking the three asset light businesses of "planning and design, ecological restoration and agent construction and management" and the three asset heavy businesses of "domestic waste, hazardous waste and medical waste and sewage treatment" as the main line, we should pay attention to both severity and two wheel drive to promote the development of horizontal diversification and vertical integration.
(III) profitability and capital demand of listed companies
Adhering to the steady business style, the company's profitability has continued to grow in recent three years, and the operation of its main businesses has been flat
Stable, stable and safe operating cash flow. The company firmly grasps the development period of environmental protection business and is under construction in recent three years
There are many projects, and the demand for project capital and construction funds is large.
(IV) reasons for the low level of cash dividends of listed companies
At present, the company's environmental protection industry has maintained a continuous growth trend, and the company plans to implement a proactive market strategy
In order to seize the investment opportunities of environmental protection projects and ensure the continuous and stable operation of the original projects, this system is adopted
A relatively stable dividend plan has been set. At the same time, in order to safeguard the interests of existing shareholders, it has been steadily improved compared with 2020
Cash dividend level: the proportion of the total cash dividend to be distributed reaches 2021, which belongs to the listed company
16.34% of the net profit of shareholders, and the dividend proportion has increased compared with previous years.
The profit distribution of the company in the last three years is as follows:
Currency: RMB
Accounting for the total amount of bonus shares (including shares converted into total share capital (shares) (including tax) of the company's common stock shareholders in the consolidated statement for every 10 shares in the year of dividend distribution in the consolidated statement Net profit of shareholders (%)
2021 0 1.00 0 1,121858,543 112185,854.30 686511,397.32 16.34
2020 0 0.85 0 1,121858,543 95,52160337 625409,940.40 15.27
2019 0 0.85 0 702543,884 78,173048.62 616259,178.45 12.69
(V) the exact purpose of retained undistributed profits of the listed company and the expected income
The retained undistributed profits of the company are mainly used for construction in progress and expansion projects, in addition to ensuring the normal operation of production and operation
Investment and construction.
In 2022, the company will continue to strive to meet the requirements of the company's investment income through market competition
Investment in the construction of hazardous sewage and domestic waste disposal projects; product
It is very important to carry out strategic layout. It does not rule out asset acquisition or M & A of a certain scale. The above investment funds are from all sources
Raised by the company and supported by financing.
The use of the company's undistributed profits will help to improve the company's comprehensive competitiveness and sustainable profitability in the future, promote the implementation of the company's strategy, and the expected income is good, which is in line with the long-term interests of the majority of shareholders. 3、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The 21st Meeting of the second board of directors of the company passed the proposal on profit distribution of the company in 2021 with 9 affirmative votes, 0 negative votes and 0 abstention, and the independent directors expressed independent opinions on the proposal. (II) opinions of independent directors
This profit distribution plan is based on the company's long-term and stable operating capacity. On the premise of ensuring the normal operation and long-term development of the company, it takes into account the immediate and long-term interests of the majority of shareholders, conforms to the interests of the company and the majority of investors, especially small and medium-sized investors, conforms to the provisions of relevant laws, regulations and the articles of association, and is conducive to the sustainable, stable and healthy development of the company.
(III) opinions of the board of supervisors
The 14th meeting of the second session of the board of supervisors of the company deliberated and adopted the proposal on the company's profit distribution in 2021 with 3 affirmative votes, 0 negative votes and 0 abstention. The board of supervisors considered that the profit distribution plan was based on the company's long-term and stable operation ability, took into account the immediate and long-term interests of the majority of shareholders on the premise of ensuring the normal operation and long-term development of the company, and was in line with the company and the majority of investors, In particular, the interests of small and medium-sized investors comply with the provisions of relevant laws, regulations and the articles of association, which is conducive to the sustainable, stable and healthy development of the company. 4、 Relevant risk tips
This 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 operating cash flow, and will not affect the company's normal operation and long-term development.
It is hereby announced.
Shanghai Environment Group Co.Ltd(601200) board of directors March 26, 2022
