Welcome to the website of Dalian BingShan Group Co., Ltd.!

搜索历史清除全部记录

最多显示8条历史搜索记录噢~

All

All
Product Management
News and Information
Introduction Content
Enterprise outlets
Frequently Asked Questions
Corporate Video
Corporate Brochure

Iceberg Cold & Heat Technology Co., Ltd.

News Center

Enterprises are public instruments of society.

News Center

Document No. 4: Report on the Company’s 2005 Profit Distribution Plan

Document No. 4 for the 2005 Annual General Meeting

Report on the Company’s 2005 Profit Distribution Plan

Dear Shareholders:
The Company’s 2005 annual financial statements have been audited by Dalian Hualian Certified Public Accountants LLP and PwC Zhongtian Certified Public Accountants LLP. The following proposal is hereby submitted for the distribution of the Company’s 2005 profits:
According to the audit conducted by Dalian Hualian Certified Public Accountants LLP, the Company recorded a net profit after tax of RMB 100.812 million for the year 2005. In accordance with relevant state regulations and the Company’s Articles of Association, RMB 10.081 million was appropriated as the statutory surplus reserve at a rate of 10%, RMB 10.081 million as the statutory public welfare fund at a rate of 10%, and RMB 1.690 million was set aside as reserves for consolidated subsidiaries, for a total appropriation of RMB 21.852 million. Consequently, the profit available for distribution to shareholders for the year amounted to RMB 78.960 million. Combined with the undistributed profits at the beginning of the year of RMB 137.283 million, the cumulative profit available for distribution to shareholders totaled RMB 216.243 million.
According to the audit conducted by PwC Zhongtian Certified Public Accountants LLP, the company recorded after-tax profits of RMB 101.685 million in 2005. After making statutory surplus reserve, statutory public welfare fund, and provisions for subsidiaries under the consolidation, the profit available for distribution to shareholders for the year amounted to RMB 79.833 million. Combined with the undistributed profits at the beginning of the year of RMB 107.148 million, the cumulative profit available for distribution to shareholders totaled RMB 186.982 million.
In accordance with the relevant provisions of the Company’s Articles of Association and applying the lower-of-the-two principle, the distribution is made as follows: the total profit available for distribution to shareholders for the current year amounts to RMB 186.982 million, of which RMB 10.081 million is appropriated as discretionary statutory surplus reserve at a rate of 10%, RMB 52.502 million is allocated for dividend distribution, and the remaining balance of RMB 124.399 million is carried forward for distribution in the next fiscal year.
Company’s 2005 Dividend Distribution Plan:
Based on the total share capital of 350,014,975 shares as of the end of 2005, a cash dividend of RMB 1.50 per 10 shares (inclusive of tax) will be distributed; the cash dividend for B shares will be converted into Hong Kong dollars for payment.
This year, the company will not capitalize its capital reserve to increase share capital.
Please review the above report.

May 30, 2006