Home Business Fulian Industrial’s tens of billions of dividends and other motions were approved to reiterate that they will not build complete vehicles – Xinhua English.news.cn

Fulian Industrial’s tens of billions of dividends and other motions were approved to reiterate that they will not build complete vehicles – Xinhua English.news.cn

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On June 23, Fulian Industrial (601138) held its 2021 Annual General Meeting of Shareholders. The 10 billion dividend plan, the 2 billion employee stock ownership plan, and the election of new directors were all passed. At this meeting, the company reiterated that it “does not build complete vehicles”.

Billions of dividends and other proposals passed

In 2021, Fii’s annual revenue was 439.6 billion yuan, a year-on-year increase of 1.8%, and its net profit exceeded the 20 billion yuan mark for the first time, a year-on-year increase of 14.8%, both hitting a record high, and this growth trend continued in the first quarter of this year , since its listing, its first-quarter revenue has crossed the 100 billion mark for the first time.

At the same time as the annual report was disclosed, Fulian Industrial disclosed that it planned to distribute a cash dividend of 5 yuan (tax included) to all shareholders for every 10 shares, with a total dividend of nearly 10 billion yuan, doubling from last year, and planned to spend 47.6 billion to buy wealth management and structural deposits, and attracted widespread market attention.

The 16 proposals including the 10 billion cash dividend plan, the 2 billion employee stock ownership plan and the election of new directors were reviewed and approved at the Fii shareholders meeting.

Fulian Industrial Co., Ltd. will distribute a cash dividend of 5 yuan for every 10 shares, and will distribute a total of nearly 10 billion yuan in cash dividends to all shareholders, accounting for nearly 50% of the net profit attributable to shareholders of listed companies in 2021. 21.4 billion yuan.

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Fii will also implement the 2022 employee stock ownership plan, adding 500 million yuan to the repurchase amount on the basis of the original plan, involving up to 2 billion yuan in funds, which can benefit up to 12,000 employees. In addition, Liu Junjie, a technical expert in the field of high-end precision machine components, also officially became a member of the board of directors of Fulian Industrial.

Zheng Hongmeng, CEO of Fii, said that in the future, the company will adhere to the strategic route of taking root in China and deploying globally, and will continue to contribute to the country’s economic development.

Reiterate not to build the whole vehicle

In terms of products, Zheng Hongmeng said at the shareholders’ meeting that the WiFi7 product, which has attracted much market attention, will be released in the fourth quarter of this year.

In addition to strengthening the leadership of the main business, Fii is also continuously strengthening its investment layout and accelerating the creation of the second growth pole.

In terms of semiconductors, Zheng Hongmeng said that in the next three years, the company will rely on the accumulation of intelligent manufacturing experience and data, as well as automation equipment and high-end precision equipment technology, to establish a semiconductor industry Internet ecology, and extend investment to core technologies to meet the company’s large number of chips. Demand, enhance the company’s influence in all aspects of semiconductors, enhance ODM design capabilities, enrich product types, realize value chain extension, and focus on advanced packaging, testing, equipment and materials, EDA software, chip design and other fields.

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In terms of new energy vehicles, Zheng Hongmeng reiterated that Fulian Industrial does not build complete vehicles, but focuses on the research and development and production of parts and components, and walks on two legs with “technical product development + investment and acquisition”, from new energy vehicles to lightweight and energy-saving. and intelligent three aspects to promote the layout.

At the previous 2021 annual performance briefing, the management of Fulian Industrial once stated that the intelligent cockpit developed by the company and solution providers is planned to be mass-produced in 2023; automotive motors and high-voltage connectors produced using the company’s high-end precision manufacturing technology and other products are expected to be mass-produced in 2023; in terms of AI computing units for new energy vehicles, the L3/L4 products currently designed and produced by the company have been mass-produced, and the L5 products have entered the production schedule.

In the field of automation and robotics, Fii provides external empowerment services by integrating products, expanding the application of technology factories, exploring innovative technologies and strategic investments. The service areas cover semiconductor test automation, automotive industry manufacturing applications, and new energy storage. Equipment, medical and health equipment, smart home appliances, metal material manufacturing and many other fields.

At present, Fii has completed strategic investments in this business area, including Siling Robotics, Lingyunguang and other companies. Recently, Lingyunguang launched an inquiry and IPO, and will soon be listed on the A-share Science and Technology Innovation Board.

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