On April 27, 2021, the fourth meeting of the fourth board of directors of Yinlong Co., Ltd. was held in Hejian, Hebei, the high-end prestressed steel gathering area and concrete product headquarters base of Yinlong.
The meeting was chaired by the company’s chairman Mr. Xie Zhifeng. The fourth board members Xie Tiegen, Yu Jingqi, Zhong Zhichao, Zhang Yuejin, Ren Runtang, Zhang Ying, Ma Peixiang, and Li Guoqing all attended the meeting. All members of the board of supervisors and some senior executives Xie Huizong, Zhang Qiming and others attended the meeting. meeting. The meeting reviewed and approved 15 proposals including the 2020 annual report, profit distribution, and related party transactions. The meeting was a complete success.
In 2020, the company achieved operating income of RMB 2,552,228,400 and net profit of RMB 136,571,700. The company’s board of directors submitted a proposal to the 2020 Annual General Meeting of Shareholders to review the profit distribution proposal. For every 10 shares, a cash bonus of RMB 0.7 was distributed, and a total cash bonus of RMB 58.607 million was distributed. The company’s 2020 repurchase of shares amounted to 15.0639 million yuan, which was regarded as a cash dividend, and the total amount of dividends accounted for 53.94% of the net profit attributable to the listed company.
Independent director Ms. Ma Peixiang believes that the company’s annual report truly and accurately reflects the company’s actual operating conditions. Under the premise of the severe epidemic in 2020 and the severe global and domestic economic situation, the company’s performance remains stable and exciting, reflecting the company’s correct decision and management.
Independent directors Mr. Zhang Yuejin and Mr. Ren Runtang respectively expressed important opinions on the transformation and upgrading of the company’s industry in urban rail transit products, exploring new models, and seeking new profit growth points. It is recommended to use the main foundation of the existing track slab industry, pay attention to management, focus on research and development, continue to expand the market, and deliver more “specialized, refined, special and new” products to the rail transit market.
Chairman Mr. Xie Zhifeng concluded his speech. Although 2020 is a year full of challenges, the company has always maintained the steady development of the prestressing industry, and the performance of the rail transit concrete precast parts industry represented by track slabs has gradually released. The company adopts sole proprietorship and joint venture models to complete the industrial layout of multiple track slab production bases, continue to expand the surrounding market, and closely cooperate with various market dominant institutions to realize the rail transit concrete precast parts industry and concrete product equipment industry represented by track slabs. Steady progress. This year is the beginning year of Yinlong’s involvement in high-end industrial tools. Relying on the platform of Shaanxi Hard Co., Ltd., it is committed to solving the problem of domestic substitution of high-end tools, actively exploring and integrating R&D resources, and building a full industry chain enterprise with cemented carbide materials—tools—coating. , Cultivate a new seed industry.
In 2021, Yinlong will continue to adhere to industrial development, take innovative research and development as a breakthrough, and use the capital market as the help to achieve the best returns for customers, shareholders and society.
Post time: Apr-27-2021