China Avionics Systems Co.Ltd(600372)
Stock Code: China Avionics Systems Co.Ltd(600372) stock abbreviation: China Avionics Systems Co.Ltd(600372) No.: pro 2022016
China Avionics Systems Co.Ltd(600372)
Announcement of profit distribution plan for 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 1.25 yuan (including tax) for every 10 shares;
● the profit distribution is based on the total share capital registered on the equity distribution registration date minus the share balance of the company’s special repurchase account. The specific date will be specified in the equity distribution implementation announcement;
● if the total share capital of the company changes due to share repurchases and other matters between the date of disclosure of this announcement and the date of equity registration of equity distribution, the company plans to maintain the distribution proportion per share unchanged and adjust the total distribution accordingly, and will announce the specific adjustment separately.
1、 Contents of profit distribution plan
Audited by Dahua Certified Public Accountants (special general partnership), the net profit attributable to the parent company in China Avionics Systems Co.Ltd(600372) 2021 was 79869707126 yuan. According to the resolution of the board of directors, the company plans to make profit distribution in 2021 based on the total share capital minus the share balance of the company’s special repurchase account. The details of this profit distribution plan are as follows:
The company plans to distribute a cash dividend of 1.25 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 1928214265 shares, deducting the current repurchase account of the company
China Avionics Systems Co.Ltd(600372)
After 10415430 shares (the company’s shares held through the repurchase special account do not participate in this profit distribution), a total of 1917798835 shares are distributed. Based on this, the total dividend is 23972485438 yuan, accounting for 30.01% of the net profit attributable to the shareholders of the listed company in the consolidated statement, and the remaining undistributed profit is carried forward to the next year.
If the total share capital of the company changes due to share repurchase and other matters from the date of disclosure of this announcement to the date of equity registration of equity distribution, the company plans to maintain the distribution proportion per share unchanged, adjust the total distribution accordingly, and will announce the specific adjustment separately.
The above profit distribution plan will be submitted to the general meeting of shareholders for deliberation.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The fourth meeting of the seventh board of directors in 2022 held on March 29, 2022 voted and passed the proposal on reviewing the profit distribution plan in 2021, agreed to the company’s profit distribution plan in 2021, and agreed to submit the proposal to the general meeting of shareholders for deliberation.
(II) opinions of independent directors
This profit distribution plan is based on the company’s long-term and stable profitability and confidence in the company’s future development. It is not only conducive to ensuring the normal operation and long-term development of the company, but also conducive to maintaining the continuity and stability of the company’s profit distribution policy, which is in line with the actual situation of the company, relevant laws and regulations and the provisions of the articles of association. We agree to the company’s profit distribution plan for 2021 and agree to submit the profit distribution plan to the general meeting of shareholders for deliberation after being approved by the board of directors.
3、 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.
China Avionics Systems Co.Ltd(600372)
The profit distribution plan can only be implemented after being submitted to the general meeting of shareholders of the company for deliberation and approval. It is hereby announced.
China Avionics Systems Co.Ltd(600372)
Board of directors
March 31, 2022
