Securities code: Guangdong Lyric Robot Automation Co.Ltd(688499) securities abbreviation: Guangdong Lyric Robot Automation Co.Ltd(688499) Announcement No.: 2022017 Guangdong Lyric Robot Automation Co.Ltd(688499)
Announcement on 2021 profit distribution plan
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 the announcement, and bear legal responsibility for the authenticity, accuracy and integrity of the contents according to law.
Important content tips:
Distribution ratio per share: cash dividend of 2.70 yuan (including tax) will be distributed for every 10 shares. No bonus shares will be given this time, and no capital reserve will be converted into share capital.
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 and the number of shares to be distributed change before the equity registration date of equity distribution, it is proposed to maintain the total distribution unchanged, adjust the distribution proportion per share accordingly, and announce the specific adjustment separately. Brief reasons for the cash dividend ratio of less than 30% this year: the company's downstream power lithium battery customers are expanding rapidly, and the market demand for lithium battery equipment is large; The business scale of the company has developed rapidly and the demand for working capital has increased; The company's R & D investment has increased the demand for funds.
1、 Contents of profit distribution plan
Audited by Ernst & Young Huaming Certified Public Accountants (special general partnership), as of December 31, 2021, Guangdong Lyric Robot Automation Co.Ltd(688499) (hereinafter referred to as "the company") realized a net profit attributable to the owner of the parent company of 212336100 yuan in 2021, and the parent company reported a net profit of 241.01 million yuan in 2021. After withdrawing the statutory surplus reserve in accordance with the articles of association, The profit available to shareholders of the parent company at the end of the year was 467787600 yuan.
In accordance with the relevant provisions of the notice on further implementing matters related to cash dividends of listed companies, the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the relevant provisions of the articles of association of the China Securities Regulatory Commission, after comprehensively considering the reasonable return of investors and the long-term development of the company, and on the premise of ensuring the normal operation and business development of the company, The company's profit distribution plan for 2021 is to distribute cash dividends to all shareholders for every 10 shares based on the total share capital registered on the date of equity distribution
2.70 yuan (including tax). As of April 7, 2022, the total share capital of the company is 88 million shares. Based on this calculation, it is expected to distribute a cash dividend of 23.76 million yuan (including tax), accounting for 11.19% of the net profit attributable to the shareholders of the parent company in 2021. No capital reserve will be converted into share capital and no bonus shares will be given in this year. If the total share capital of the company and the number of shares to be distributed change before the equity registration date of equity distribution, it is proposed to maintain the total amount of distribution unchanged and adjust the distribution proportion per share accordingly. The profit distribution plan needs to be submitted to the general meeting of shareholders for deliberation.
In 2021, the company implemented a semi annual cash dividend scheme. Based on the total share capital of 88 million shares, the company distributed a cash dividend of RMB 3.20 (tax included) for every 10 shares, with a total cash dividend of RMB 28.16 million (tax included), which was completed in October 2021.
The total amount of cash dividends to be distributed by the company twice in 2021 is 51.92 million yuan (including tax), accounting for 24.45% of the company's net profit attributable to the parent company in 2021, and the proportion is less than 30%.
2、 Description of cash dividend ratio less than 30% in this year
The total amount of cash dividends to be distributed by the company twice in 2021 is 51.92 million yuan (including tax), accounting for 24.45% of the company's net profit attributable to the parent company in 2021, and the proportion is less than 30%. The specific reasons are as follows:
(I) downstream power lithium battery customers are rapidly expanding production, and the market demand for lithium battery equipment is large
The intelligent manufacturing equipment produced and sold by the company is mainly lithium battery manufacturing equipment. Benefiting from the support of national policies for new energy vehicles, the penetration rate of new energy vehicles continues to increase, effectively stimulating the demand for power lithium batteries. Power lithium batteries have become the main driving force for the future growth of lithium battery industry. In 2021, a new round of production expansion of new energy vehicles was carried out. This round of production expansion occurred after the decline of subsidies for new energy vehicles, and was dominated by mainstream power battery enterprises with high installed capacity. This round of power battery production expansion is large and sustainable. The mainstream power battery enterprises accelerated the expansion of production, driving the increase of market demand for lithium battery equipment, and the lithium battery equipment manufacturing industry ushered in a period of rapid development.
(II) the business scale of the company has developed rapidly and the demand for working capital has increased
From 2019 to 2021, the company's main business income was 887887900 yuan, 1415458900 yuan and 2325343500 yuan respectively, with a compound annual growth rate of 61.83%. In 2021, the amount of tax included in the newly signed orders and notification of award of the company was about 7.042 billion yuan. The rapid expansion of business had a great demand for working capital, mainly due to the long product acceptance cycle of the company and the high proportion of customer bill settlement in the field of lithium battery. Compared with sales collection, the company needs to pay the purchase money and employee salary in advance in the daily operation and production process. Therefore, with the rapid growth of the company's business scale, the company has a great demand for working capital investment.
(III) increased capital demand for R & D investment
From 2019 to 2021, the number of R & D personnel at the end of each year is 784, 949 and 1517 respectively
The R & D expenses were 1256901 million yuan, 1641201 million yuan and 2727086 million yuan respectively, accounting for more than 10% of the current operating income. The technology upgrading and product upgrading of intelligent manufacturing equipment are fast, and the company's products are customized equipment, which requires high R & D scheme design ability. The company's R & D team size and R & D investment increased rapidly.
In view of the rapid development characteristics of the above company, the rapid growth period of the company and the capital demand of the company, in order to promote the implementation of the company's strategic planning, achieve the company's strategic objectives and ensure the sustainable, stable and healthy development of the company, combined with the current operating conditions and future capital demand, the company puts forward the above profit distribution plan for 2021, which not only protects the legitimate rights and interests of investors, It also takes into account the sustainable and stable development needs of the company. 3、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The company held the 9th meeting of the second board of directors on April 7, 2022, deliberated and passed the proposal on the company's profit distribution plan in 2021, agreed to the profit distribution plan, and agreed to submit the proposal to the company's 2021 annual general meeting for deliberation.
(II) opinions of independent directors
The independent directors believe that the company's profit distribution plan for 2021 meets the requirements for cash dividends in the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the articles of association. The profit distribution plan matches the development status and capital needs of the company, and there is no situation that damages the legitimate rights and interests of the company's shareholders, especially the minority shareholders. Agree to the proposal on the company's profit distribution plan for 2021 and agree to submit the proposal to the 2021 annual general meeting of shareholders for deliberation.
(III) opinions of the board of supervisors
The board of supervisors believes that the company's profit distribution plan for 2021 fully considers various factors such as the company's profitability, cash flow status and capital demand, and there is no damage to the interests of minority shareholders, which is in line with the company's operating status and conducive to the company's sustainable, stable and healthy development.
4、 Relevant risk tips
The profit distribution plan is made according to the company's cash flow status, production and operation status, and comprehensively considering the company's current development stage and future development capital demand and other factors. It 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 the company for deliberation and approval. Please pay attention to the investment risks. It is hereby announced.
Guangdong Lyric Robot Automation Co.Ltd(688499) board of directors April 7, 2022
