Securities code: Chongqing Water Group Co.Ltd(601158) securities abbreviation: Chongqing Water Group Co.Ltd(601158) Announcement No.: pro 2022010 bond Code: 163228 bond abbreviation: 20 Yushui 01
Bond Code: 188048 bond abbreviation: 21 Yushui 01
Chongqing Water Group Co.Ltd(601158)
Announcement of annual profit distribution plan in 2021
The company and all members of the board of directors guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Important content tips:
Distribution ratio per share: cash dividend of 0.257 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.
The profit distribution plan can only be implemented after being deliberated and approved by the 2021 annual general meeting of the company.
1、 Contents of profit distribution plan
Audited by Tianzhi International Certified Public Accountants (special general partnership), the parent company of the group realized a net profit of 149432961022 yuan in 2021. According to the provisions of the company law and the articles of association, after withdrawing 14943296102 yuan from the statutory surplus reserve at 10% of the net profit, the profit available for distribution to shareholders in that year was 134489664920 yuan, plus 19765638967 yuan of undistributed profit retained in previous years, As of December 31, 2021, the accumulated profit available for distribution to shareholders of the parent company of the group was 154255303887 yuan.
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 plan is as follows:
The company plans to pay 2.57 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 4800000000 shares. Based on this calculation, the total cash dividend to be distributed is 1233 Shanghai Pudong Development Bank Co.Ltd(600000) yuan (including tax), and the remaining undistributed profit of 30895303887 yuan is transferred to future annual distribution; No bonus shares will be given this year, nor will the capital reserve be converted into share capital.
The amount of cash dividends to be distributed by the company in 2021 accounts for 59.38% of the net profit attributable to the common shareholders of the listed company in the consolidated statements and 63.98% of the distributable profit attributable to the common shareholders of the listed company. If the total share capital of the company changes before the equity registration date of equity distribution, the total amount of distribution shall remain unchanged and the distribution proportion per share shall be adjusted accordingly.
The profit distribution plan needs to 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
Chongqing Water Group Co.Ltd(601158) held the 15th meeting of the 5th board of directors on March 31, 2022, deliberated and adopted the proposal on reviewing the profit distribution plan of Chongqing Water Group Co.Ltd(601158) 2021 (see the announcement on the resolution of the 15th meeting of Chongqing Water Group Co.Ltd(601158) the 5th board of directors (pro 2022007) disclosed by the company in China Securities Journal, Shanghai Securities Journal, securities times and the website of Shanghai Stock Exchange on April 2, 2022), The profit distribution plan needs to be submitted to the annual general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The company’s profit distribution plan for 2021 complies with the relevant provisions of China Securities Regulatory Commission and Shanghai Stock Exchange on cash dividends and the relevant provisions of the articles of association. The dividend of 2021 distributed by the company in cash accounts for more than 60% of the profits available for distribution to shareholders in that year, which is conducive to ensuring the sustainability and stability of the company’s dividend policy and safeguarding the interests of investors, especially small and medium-sized investors. The 15th meeting of the 5th board of directors of the company deliberated and approved the proposal on deliberation of Chongqing Water Group Co.Ltd(601158) 2021 annual profit distribution plan. The convening, convening, deliberation and voting procedures of this meeting comply with relevant laws, regulations and the articles of association, and are legal and effective. It is agreed to submit the profit distribution plan for Chongqing Water Group Co.Ltd(601158) 2021 to the general meeting of shareholders for deliberation.
3、 Relevant risk tips
This profit distribution plan will not have a significant impact on the company’s operating cash flow, nor will it 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. Please pay attention to the investment risks.
It is hereby announced.
Chongqing Water Group Co.Ltd(601158) board of directors April 2, 2022
