Securities code: Zhejiang Dayuan Pumps Industry Co.Ltd(603757) securities abbreviation: Zhejiang Dayuan Pumps Industry Co.Ltd(603757) Announcement No.: 2022018 Zhejiang Dayuan Pumps Industry Co.Ltd(603757)
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 this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips
● distribution amount per share: cash dividend of 0.35 yuan per share (including tax);
● 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 distribution amount per share unchanged, adjust the total distribution accordingly, and announce the specific adjustment separately.
1、 Main contents of 2021 profit distribution plan
According to the standard unqualified audit report issued by Lixin Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the listed company in the consolidated statements of the company in 2021 was 1472163604 yuan, the annual net profit of the parent company was 15418628402 yuan, the statutory reserve was 1541862840 yuan, and the undistributed profit of the parent company in previous years was 11588813343 yuan. By the end of 2021, The total profit available for distribution to shareholders of the parent company is 25465578905 yuan.
The ninth meeting of the third board of directors held on April 7, 2022 reviewed and approved the profit distribution plan for 2021 (hereinafter referred to as “the plan” or “the plan”). The main contents of the plan are: the company plans to distribute profits in 2021 based on the total share capital registered on the date of equity distribution. The company plans to distribute cash dividends of 3.50 yuan (including tax) to all shareholders for every 10 shares. As of April 7, 2022, the total share capital of the company is 168219000 shares. Based on this calculation, the total cash dividends to be distributed are 5887665000 yuan (including tax). The remaining profits are carried forward for annual distribution. The ratio of the total cash dividends to the net profits attributable to shareholders of the listed company in this profit distribution plan is 39.99%. No capital reserve will be converted into share capital and bonus shares will be given for this profit distribution.
If the total share capital of the company changes due to various reasons from April 7, 2022 to the date of equity distribution and equity registration, the company plans to maintain the distribution proportion per share unchanged and adjust the total distribution accordingly. In case of subsequent changes in the total share capital, the specific adjustment will be announced separately.
The proposal needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
The ninth meeting of the third board of directors of the company deliberated and adopted the company’s 2021 profit distribution plan with 7 votes in favor, 0 abstention and 0 objection.
The proposal needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval.
(II) opinions of independent directors
We believe that the profit distribution plan for 2021 proposed by the board of directors of the company has fully considered the development status, future development plan and cash flow of the company, and there is no situation that damages the interests of the company and shareholders, especially minority shareholders. The proposal has fulfilled the necessary deliberation procedures and complies with the provisions of the company law, the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the guidelines for the self discipline supervision of listed companies No. 1 – standardized operation of Shanghai Stock Exchange and other relevant laws and regulations, as well as the company charter. In view of the above, we agree to the proposal and agree to submit it to the 2021 annual general meeting of shareholders of the company for deliberation.
(III) opinions of the board of supervisors
The profit distribution plan for 2021 proposed by the board of directors complies with relevant laws, regulations and the articles of association, and there is no damage to the interests of the company’s shareholders, especially the minority shareholders. Agree to the plan. 3、 Relevant risk tips
1. The profit distribution plan comprehensively considers the capital needs and financing planning of the company’s future development, and will not have a significant impact on the company’s earnings per share and operating cash flow, nor affect the company’s normal operation and long-term development.
2. The profit distribution plan can only be implemented after being submitted to the 2021 annual general meeting of shareholders for deliberation and approval. Please pay attention to the investment risks.
It is hereby announced.
Zhejiang Dayuan Pumps Industry Co.Ltd(603757) board of directors April 8, 2022
