Securities code: Shanghai Huayi Group Corporation Limited(600623) 900909 stock abbreviation: Shanghai Huayi Group Corporation Limited(600623) Huayi B share No.: 2022011 Shanghai Huayi Group Corporation Limited(600623)
Announcement of 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: cash dividend of 0.42 yuan (including tax) per share for a shares, and dividend of B shares 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 keep the total distribution unchanged, adjust the distribution proportion per share accordingly, and announce the specific adjustment separately.
1、 Contents of profit distribution plan
Audited by Lixin Certified Public Accountants (special general partnership), the undistributed profit of the company at the end of 2021 was 981611845474 yuan, including: 1) the undistributed profit at the beginning of 2021 was 702590285008 yuan; 2) According to the profit distribution plan for 2020, 12782288178 yuan of dividends will be distributed to all shareholders and have been cashed in 2021; 3) The audited net profit attributable to the parent company in the consolidated statements of the company in 2021 is 296772675648 yuan, and 4968827004 yuan of statutory reserve shall be withdrawn according to law. According to the resolution of the board of directors, the company plans to distribute profits based on the total share capital registered on the date of equity distribution in 2021. The profit distribution plan is as follows:
The company plans to distribute a cash dividend of 4.2 yuan (including tax) to all shareholders for every 10 shares, and the dividend of B shares will be converted into US dollars. As of the date when the board of directors made a resolution on the profit distribution plan, the total share capital of the company was 21344959800 shares. Based on this calculation, the total cash dividend to be distributed was 89520883116 yuan (including tax). The cash dividend ratio of the company this year was 30.16%.
Before the equity registration date of equity distribution, if the total share capital of the company changes, it is proposed to maintain the total distribution unchanged, adjust the dividend proportion per share accordingly, and make a separate announcement on the specific adjustment.
The profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The 17th meeting of the 10th board of directors of the company deliberated and approved the profit distribution plan of the company in 2021, and agreed to submit the proposal to the 2021 annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors:
According to the notice of the CSRC on further implementing matters related to cash dividends of listed companies (zjf [2012] No. 37) and the relevant provisions of the articles of association of the company, after reviewing the profit distribution plan of the company in 2021, we believe that the cash dividend of the company is based on the total share capital registered on the date of equity distribution, and the cash dividend of 4.2 yuan (including tax) is distributed to all shareholders for every 10 shares, and the dividend of B shares is converted into US dollars, The dividend scheme and deliberation procedures comply with the relevant provisions of relevant laws, regulations and normative documents on profit distribution, and there is no situation that damages the rights and interests of all shareholders, especially minority shareholders. We agree to this profit distribution plan and submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
3、 Relevant risk tips
This profit distribution plan has no significant impact on the company’s earnings per share, cash flow and production and operation, and will not affect the company’s normal operation and long-term development.
It is hereby announced.
Shanghai Huayi Group Corporation Limited(600623) board of directors
March 29, 2002
