The profit distribution plan of Chinese PICC 2021 is released: 1.47 yuan for each 10 shares of cash dividends, a total of 6501 billion yuan

On the evening of June 20, the Chinese PICC (SH601319, a stock price of 5.05 yuan, and a market value of 231.3 billion yuan) issued an announcement saying that the Chinese People's Pureth held a 2021 shareholders' meeting in Beijing on the same day, and the meeting reviewed and approved the "Proposal on the 2021 Profit Distribution".

Specifically, in accordance with the dividend distribution policy, the Chinese PICC should formulate the company's profit distribution plan in accordance with factors such as the company and its subsidiaries 'solvency, business development status and demand, business performance, and shareholders' return. Under the premise of considering the above factors and compliance with laws and regulations and regulatory regulations, the company's annual cash distribution profits are not less than 10%of the distribution profits achieved by the year.

In accordance with the China Accounting Standards and International Financial Report Guidelines, the net profit of the approved parent company in 2021 was 8.676 billion yuan. According to the provisions of the company law and the company's articles of association, the newly added distribution profit of the distribution of distribution was 7.808 billion yuan in accordance with the 10%of the net profit of 10%of the net profit. After 2020 and mid -2021 cash dividends of 6.059 billion yuan, the parent company available for distribution at the end of 2021 was 7.155 billion yuan.

Therefore, the proposal suggested that the Chinese -People's PICS dividend in 2021 was distributed at 1.47 yuan (including tax) per 10 shares of cash dividends, and the total shares were about 44.24 billion shares as the base, and a total of 6501 billion yuan was allocated. 100 million yuan, the dividend ratio reached 30.04%.

According to the Chinese PICC, the company's solvency still maintains sufficient levels after the above amount is divided into dividends to meet regulatory requirements.

Public information shows that the Chinese People's Insurance is developed and changing from the Chinese People's Insurance Corporation. After more than 70 years of development, Chinese people's insurance has become a comprehensive insurance finance group. It has more than 10 professional subsidiaries, and its business scope covers property insurance, personal insurance, reinsurance, asset management, real estate investment and alternative investment, financial technology and other fields.

Data show that as of December 31, 2021, the total assets of Chinese people's insurance were 1376.402 billion yuan, the total liabilities were 1079.697 billion yuan, and the total shareholders' equity was 296.705 billion yuan. In 2021, China Insurance realized insurance business revenue of 585.423 billion yuan and net profit of 30.602 billion yuan, and net profit attributable to shareholders of parent company was 21.638 billion yuan.

Daily Economic News

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