Securities code: China Merchants Energy Shipping Co.Ltd(601872) securities abbreviation: China Merchants Energy Shipping Co.Ltd(601872) Announcement No.: 2022 [011] China Merchants Energy Shipping Co.Ltd(601872)
Announcement on profit distribution plan in 2021
The board of directors and 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 0.11 yuan per share (tax included)
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 amount of cash distribution per share unchanged, adjust the total profit distribution accordingly, and announce the specific adjustment separately.
1、 Contents of profit distribution plan in 2021
Audited by ShineWing certified public accountants, China Merchants Energy Shipping Co.Ltd(601872) (hereinafter referred to as "the company" or "the company") achieved a net profit of 360906903918 yuan attributable to the shareholders of the listed company in 2021 (after consolidation and adjustment under the same control), of which the net profit actually attributable to the shareholders of the listed company was 295620872542 yuan and the net profit reported by the parent company was 104487706333 yuan. The profit distribution plan for 2021 is as follows:
1. 10% of the statutory surplus reserve of 10448770633 yuan is withdrawn according to the net profit of the parent company; 2. As of December 31, 2021, the total share capital of the company is 8107841801 shares, and the cash dividend of RMB 1.10 (tax included) is distributed to all shareholders for every 10 shares, with a total cash dividend of RMB 89186259811 (tax included). The cash dividend accounts for 30.17% of the net profit actually attributable to the shareholders of China Merchants Energy Shipping Co.Ltd(601872) listed company in the reporting period according to the consolidated statements.
The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
On March 24, 2022, the company held the 12th meeting of the 6th board of directors, which deliberated and adopted the proposal on the company's profit distribution plan in 2021. The board of directors considered that the company's profit distribution plan for 2021 fully considered the company's strategic development needs and the company's current financial situation, took into account the company's future development and shareholders' interests, and agreed to submit the plan to the company's 2021 annual general meeting for deliberation.
On March 24, 2022, the company held the 10th meeting of the 6th board of supervisors, which deliberated and adopted the proposal of the company's profit distribution plan for 2021. The board of supervisors believes that the profit distribution proposal complies with laws, regulations, securities regulatory rules, the articles of association and the internal management system of the company.
The independent directors believe that the company's profit distribution plan for 2021 complies with the relevant provisions of the CSRC and Shanghai Stock Exchange on cash dividends of listed companies and the provisions on cash dividends in the articles of association. And fully consider the company's current profitability, cash flow, business development needs, capital needs and other factors. At the same time, it can ensure the reasonable return of shareholders, which is in line with the actual situation of the company. The deliberation and voting procedures of this proposal are legal and compliant, and there is no situation that damages the interests of investors, especially small and medium-sized shareholders. The 2021 profit distribution plan needs to be approved by the 2021 annual general meeting of shareholders of the company.
On March 23, 2022, the company held the seventh meeting of the audit committee of the sixth board of directors, which deliberated and adopted the proposal on the company's profit distribution plan in 2021. The Audit Committee approved the company's profit distribution plan for 2021.
3、 Relevant risk tips
This profit distribution plan comprehensively considers the company's development stage, the tax impact of overseas profit repatriation, future capital demand and other factors, and will not have a significant impact on the company's operating cash flow, nor affect the company's normal operation and long-term development. The profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval.
It is hereby announced.
China Merchants Energy Shipping Co.Ltd(601872) board of directors March 28, 2022
