Securities code: Shanghai Step Electric Corporation(002527) stock abbreviation: Shanghai Step Electric Corporation(002527) Announcement No.: pro 2022015 Shanghai Step Electric Corporation(002527)
Announcement on 2021 profit distribution plan
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Shanghai Step Electric Corporation(002527) (hereinafter referred to as “the company”) deliberated and adopted the 2021 profit distribution plan at the 20th meeting of the 5th board of directors and the 14th meeting of the 5th board of supervisors held on April 23, 2022. This proposal needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation. The relevant information is hereby announced as follows:
1、 Basic information of profit distribution plan
According to the 2021 annual accounting statement audited by Lixin Zhonglian Certified Public Accountants (special general partnership), the company realized a net profit of 15017481519 yuan attributable to the shareholders of the listed company in 2021, withdrawn 63305711 yuan of legal surplus reserve, plus 64486136320 yuan of undistributed profit at the beginning of the year, minus 2491154444 yuan of profit distribution to shareholders in 2021, At the end of 2021, the profit available to shareholders at the level of merger was 76947499328 yuan. In 2021, the parent company realized a net profit of 3492355472 yuan, withdrawn 63305711 yuan of legal surplus reserve, plus 28941502898 yuan of undistributed profit at the beginning of the year, minus 2491154444 yuan of profit distribution to shareholders in 2021. As of December 31, 2021, the profit available for distribution to shareholders of the parent company was 29879398215 yuan.
In accordance with the notice on further implementing matters related to cash dividends of listed companies (zjf [2012] No. 37), the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the articles of association, the Shanghai Step Electric Corporation(002527) future cash dividend policy and other relevant provisions of the CSRC, in combination with the company’s current operation and business development prospects, and on the premise of fully considering the future operation and investor returns, Based on the total share capital on the equity registration date when the company’s profit distribution plan for 2021 is implemented (as of March 31, 2022, the total share capital of the company is 659951891 shares), the company plans to distribute a cash dividend of 0.7 yuan (tax included) to all shareholders for every 10 shares. It is expected to distribute a cash dividend of 4619663237 yuan (tax included) in 2021, and the remaining undistributed profits will be carried forward to the next year. No bonus shares will be given this year, and no capital reserve will be converted into share capital.
If there is any change in the company’s share capital between the announcement of the company’s profit distribution plan and the date of equity distribution registration, the amount of distribution shall be adjusted according to the principle of unchanged distribution proportion based on the share capital that can participate in profit distribution on the date of equity registration when the profit distribution plan is implemented in the future.
The profit distribution plan complies with the provisions of the company law, accounting standards for business enterprises and the articles of association, as well as the profit distribution policy, profit distribution plan, long-term return plan of shareholders and relevant commitments made by the company. There is no significant difference between the cash dividend level of the company and the average level of Listed Companies in the industry.
2、 Opinions of the board of supervisors
After verification, the company’s profit distribution plan for 2021 complies with the relevant provisions of laws and regulations such as Shanghai Step Electric Corporation(002527) articles of association and Shanghai Step Electric Corporation(002527) future cash dividend policy, and there is no situation that damages the interests of the company’s shareholders, especially small and medium-sized shareholders. Therefore, we agree to the company’s 2021 profit distribution plan and agree to submit it to the company’s 2021 annual general meeting for deliberation.
3、 Opinions of independent directors
The independent directors of the company believe that the profit distribution plan for 2021 meets the requirements of the notice on further implementing matters related to cash dividends of listed companies (zjf [2012] No. 37), the guidelines for the supervision of listed companies No. 3 – cash dividends of listed companies, the articles of association and Shanghai Step Electric Corporation(002527) future cash dividend policy of the company, which is conducive to the sustainable, stable and healthy development of the company. Therefore, we agree to the company’s 2021 profit distribution plan and agree to submit it to the company’s 2021 annual general meeting for deliberation. 4、 Other instructions
1. This profit distribution plan needs to be submitted to the 2021 annual general meeting of shareholders of the company for deliberation and approval. There is uncertainty. Please invest rationally and pay attention to investment risks;
2. Before the disclosure of this profit distribution plan, the company strictly controlled the scope of insiders and performed the obligation of confidentiality and prohibition of insider trading to relevant insiders.
5、 Documents for future reference
1. Resolutions of the 20th meeting of the 5th board of directors of the company;
2. Resolutions of the 14th meeting of the 5th board of supervisors of the company;
3. Independent opinions of independent directors on matters related to the 20th meeting of the Fifth Board of directors;
4. Opinions of the board of supervisors on matters related to the 14th meeting of the 5th board of supervisors.
It is hereby announced
Shanghai Step Electric Corporation(002527) board of directors April 26, 2022
