Securities code: Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) securities abbreviation: Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) Announcement No.: 2022027 Jiangsu Changshu Automotive Trim Group Co.Ltd(603035)
Announcement on annual 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 3.496 yuan (including tax) per 10 shares.
● this profit distribution is based on the total share capital on the equity registration date of profit distribution, and the specific date will be specified in the equity distribution implementation announcement.
● if the total share capital of the company changes due to the conversion of convertible bonds into shares between the date of disclosure of the profit distribution plan and the date of equity registration of profit distribution, it is proposed to maintain the distribution proportion of cash distribution per share unchanged, adjust the total amount of cash distribution accordingly, and announce the specific adjustment separately.
1、 Contents of profit distribution plan
According to the audit of Lixin Certified Public Accountants (special general partnership), the net profit of the company in 2021 was 42027421165 yuan, the statutory surplus reserve was 882198350 yuan, the undistributed profit at the beginning of the year was 137960604266 yuan, and the paid common stock dividend was 11102910293 yuan. The profit available for distribution to shareholders of the company in this year was 168 Chongqing Pharscin Pharmaceutical Co.Ltd(002907) 788 yuan.
According to the company's long-term development strategy, the company's profit distribution plan for 2021 is as follows:
(1) Profit distribution plan of the company in 2021
Based on the total share capital on the date of equity registration of profit distribution, 3.496 yuan (including tax) will be distributed to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 360749112 shares. Based on this calculation, the total cash dividend to be distributed is 12611788956 yuan (including tax), and the remaining undistributed profits are carried forward and retained.
The company's cash dividends accounted for 30.00% of the net profit attributable to the common shareholders of the listed company in the annual consolidated statements. Capital reserve will not be converted into share capital this time.
If the total share capital of the company changes due to the conversion of convertible bonds into shares between the date of disclosure of the profit distribution plan and the date of equity registration of profit distribution, it is proposed to maintain the distribution proportion of cash distribution per share unchanged and adjust the total amount of cash distribution accordingly.
(2) Implementation period:
The implementation of this proposal shall be completed within 2 months from the date of approval by the general meeting of shareholders of the company.
2、 Decision making procedures performed by the company
(I) convening, deliberation and voting of the board meeting
On April 18, 2022, the company held the sixth meeting of the Fourth Board of directors in the company's conference room by on-site voting. The proposal on the annual profit distribution plan in 2021 was deliberated and adopted by 7 votes in favor, 0 votes against and 0 abstentions. The proposal needs to be submitted to the general meeting of shareholders of the company for deliberation.
(II) opinions of independent directors
The decision-making procedure and distribution method of the company's annual profit distribution plan in 2021 comply with the provisions of relevant laws, regulations and the articles of association, and fully consider various factors such as the company's profitability, cash flow and capital demand, which is conducive to the sustainable, stable and healthy development of the company, and there is no damage to the rights and interests of the company and shareholders, especially small and medium-sized shareholders. We agree to submit the proposal on annual profit distribution in 2021 to the general meeting of shareholders for deliberation.
(III) opinions of the board of supervisors
The board of supervisors believes that this profit distribution plan complies with the profit distribution policies and relevant laws and regulations stipulated in the guidelines for the supervision of listed companies No. 3 - cash dividends of listed companies and the articles of association, takes full account of the actual operation and future development plan of the company, meets the needs of the company's long-term sustainable development, does not damage the legitimate rights and interests of minority shareholders, and is in line with the interests of the company and all shareholders, Agree to this profit distribution plan.
3、 Relevant risk tips
This profit distribution plan combines the company's actual operation, capital demand, future development plan and other factors, and 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 general meeting of shareholders for deliberation and approval.
Investors should pay attention to rational investment risk.
It is hereby announced.
Jiangsu Changshu Automotive Trim Group Co.Ltd(603035) board of directors April 19, 2022
