Securities code: Unittec Co.Ltd(000925) securities abbreviation: Unittec Co.Ltd(000925) Announcement No.: pro 2022013
Announcement on 2021 profit distribution plan
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Unittec Co.Ltd(000925) (hereinafter referred to as “the company” or “the company”) the 10th meeting of the 8th board of directors was held on April 20, 2022. The meeting deliberated and adopted the profit distribution plan for 2021. The relevant information is hereby announced as follows: I. contents of the profit distribution plan
According to the audit of Zhonghui Certified Public Accountants (special general partnership), the parent company realized a net profit of 16453992460 yuan in 2021. According to the provisions of the company law of the people’s Republic of China and the Unittec Co.Ltd(000925) articles of Association (hereinafter referred to as the “articles of association”), the statutory reserve of 1429855912 yuan was withdrawn according to 10% of the accumulated undistributed profit. The total profit available for distribution in 2021 was 12868703205 yuan.
The profit distribution plan for 2021 is to distribute cash dividends of 0.5 yuan (including tax) to all shareholders for every 10 shares. Based on the company’s total share capital of 558041062 shares as of December 31, 2021, a total of 2790205310 yuan (including tax) is proposed to be distributed, accounting for 13.91% of the net profit attributable to ordinary shareholders of Listed Companies in the consolidated statements.
No bonus shares will be given this year, nor will the capital reserve be converted into share capital.
If the total share capital of the company changes from the announcement of the distribution plan to the implementation, the final actual total amount of cash dividends of the company will be determined according to the total share capital on the equity registration date determined when the profit distribution plan is implemented.
The profit distribution plan must be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval, and the general meeting of shareholders shall authorize the board of directors to handle matters related to profit distribution in 2021. 2、 Description of cash dividend ratio less than 30% in this year
The ratio of the total cash dividends to be distributed by the company in 2021 to the net profit attributable to the shareholders of the listed company in that year is less than 30%, and the reasons are explained as follows:
(I) industry conditions and characteristics of the company
Under the tide of digital economy, emerging information technologies such as artificial intelligence, cloud computing, big data, Internet of things and blockchain continue to be deeply integrated with the rail transit field. Intelligent transportation has gradually become a new trend in deepening digital reform in the transportation field, and digitization and intellectualization have become new features in the development of the transportation field.
Under the influence of national dividend policy and industrial demand, the integration of digital technology and industry has become more and more obvious, and industrial digitization has entered a new period of ecological development. There will be more vertical industries pouring in, giving birth to the new economic situation and productive integration format, and building a new digital scene with strong interaction and wide coverage, which is an important motivation for the company to bring industrial digital intelligence services into the new strategic territory.
In order to better tap the market demand of smart transportation and expand industrial digital business, the company needs to retain sufficient funds to integrate resources, strengthen capacity-building and R & D innovation, strive to enable systematic and intelligent business, and ensure the medium and long-term sustainable and high-quality development of the company.
At the same time, the company is committed to strengthening the endogenous semiconductor material business. It will speed up the technological breakthrough, break through the key technical problems of large-scale products, extend to large-scale products, and make a reasonable layout to the key industrial chain links of semiconductors through industrial investment.
(II) profitability and capital demand of the company
2021 is the first year when the company’s distributable profit is positive. With the continuous promotion of the company’s strategy, the company’s businesses are in the stage of rapid development, and the demand for net capital is growing. In order to better seize the market opportunities and continuously improve the long-term return to investors, the company has a large capital demand, and the retention of sufficient funds can ensure the sustainable and high-quality development of the company. 3、 Expected purpose and income of retained undistributed profits
The undistributed profits of the company in 2021 will be accumulated and rolled over to the next year to meet the capital needs related to the company’s production and operation, product R & D and project investment. The company will continue to standardize the use and management of funds and improve the efficiency of fund use.
The company will continue to strictly comply with relevant laws and regulations and the articles of association, comprehensively consider various factors related to profit distribution, actively implement the company’s profit distribution policy from the perspective of conducive to the long-term development of the company and the return of investors, and share the achievements of the company’s development with the majority of investors. 4、 Decision making procedures performed by the company
(I) deliberation and voting at the board meeting
At the 10th meeting of the 8th board of directors held on April 20, 2022, the company reviewed and approved the 2021 profit distribution plan by unanimous vote.
(II) independent opinions expressed by independent directors
This cash dividend plan of the company balances the current capital demand and future development investment of the company, short-term cash dividend return and medium and long-term return of shareholders, reflects the reasonable return of the company to investors, takes into account the reasonable needs of the company’s operation and development, does not damage the interests of the company and small and medium-sized investors, and complies with the articles of association and relevant provisions of laws and regulations.
(III) opinions of the board of supervisors
The company’s profit distribution plan for 2021 complies with the requirements of the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies and the articles of association on the proportion of cash dividends. The independent directors agreed to strictly implement the decision-making procedures on cash dividends in the articles of association. The distribution plan comprehensively considers the actual operation and future business development of the company, takes into account the sustainable development of the company and the reasonable return needs of shareholders, and does not damage the interests of the company and shareholders. 5、 Relevant risk tips
(I) analysis of the impact of cash dividends on earnings per share, cash flow status and production and operation of listed companies this profit distribution plan combines the company’s development stage, future capital demand and other factors, will not have a significant impact on the company’s operating cash flow, will not affect the company’s earnings per share, and is conducive to the company’s production and operation and long-term stable development.
(II) description of other risks
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. It is hereby announced.
Unittec Co.Ltd(000925) board of directors April 20, 2002
