The 2020 Annual Performance Statement Meeting Held
Release time:
Jul 05,2022
Record Form of Investor Relations Activities of Jinzhou Port Co., Ltd.
Stock code: 600190/900952 Stock abbreviation: Jinzhou Port/Jingang B shares
Record Form of Investor Relations Activities of Jinzhou Port Co., Ltd.
Number: 2021-05-06
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Category of Investor Relations Activities |
□ Specific object research □ Analyst meeting □ Media interview √ Performance presentation □ Press conference □ Road show □ Site visit □ Other |
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Name of Participating Unit and Name of Personnel |
Attend Jinzhou Port 2020 All investors in the online performance briefing |
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Time |
May 06, 2021 |
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Location |
SSE Roadshow Center |
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Name of Reception Personnel of Listed Company |
Mr. Xu Jian, Chairman; Mr. Liu Hui, Vice Chairman and President; Ms. Li Guiping, Vice President and Secretary of the Board; Ms. Li Ting, Chief Financial Officer |
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Introduction to the main contents of investor relations activities |
(I) investor's question: The situation in the past two years is quite special. In the case of the market downturn, it may be safer to hold cash in your hands. In consideration of the company's operating conditions, what will your company do with the idle funds? Consider returning shareholders? Company ReplyDear investors, thank you for your attention to the company. The port industry in which the company is located is an important basic industry to support the sustainable development of the national economy. From the basic characteristics of the industry, the port industry is a capital-intensive industry with large investment scale, high fixed cost and long investment return period. Therefore, sufficient financial support is very important for the sustainable development of the company in the future. In 2020, the Company will achieve operating income of $6.804 billion, total profit of $0.241 billion, and net profit attributable to owners of the parent company of $0.187 billion. According to the company's production and operation plan, the investment plan expenditure in 2021 is about 0.691 billion yuan, of which the port construction expenditure is 0.671 billion yuan and the equipment purchase expenditure is 0.02 billion yuan. For idle funds, the company will fully consider the industry development stage, the company's growth cycle, future strategic planning and other factors to make reasonable arrangements to ensure the continuity and stability of future profit distribution to investors. (II) Investor Question: Please describe the company's 2020 profit distribution plan? Company ReplyDear investors, thank you for your attention to the company. The Company's annual profit distribution plan for 2020, as approved at the eighth meeting of the Tenth Board of Directors of the Company, is as follows: It is proposed to pay a cash dividend of 0.20 yuan (including tax) to all shareholders for every 10 shares based on the total number of share capital on the date of equity registration when the company implements the 2020 profit distribution plan, and no capital reserve will be converted into share capital this year. The remaining distributable profits after this distribution are transferred to the next year for the Company's production and operation and future annual distributions. As of December 31, 2020, the Company's total share capital was 2,002,291,500 shares, which is used to calculate the total proposed cash dividend of $40,045,830 (including tax), and the proportion of the Company's cash dividend (including interim cash dividends distributed) for the year was 21.42. If the total share capital of the company changes during the period from the date of disclosure of this announcement to the date of the implementation of equity distribution, it is proposed to maintain the distribution ratio per share unchanged and adjust the total amount of distribution accordingly. If the subsequent total share capital changes, the specific adjustment will be announced separately. The profit distribution plan is still to be submitted to the shareholders' meeting for consideration. For details, please refer to the Announcement of the 2020 Annual Profit Distribution Plan of Jinzhou Port Company Limited (Announcement No. Pro 2021-008) disclosed by the Company on April 29, 2021 in the China Securities Journal, Shanghai Securities News, Securities Times, Hong Kong Business Daily and the website of the Shanghai Stock Exchange. |
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List of attachments (if any) |
None |
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Date |
May 06, 2021 |
Key words:
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