In order to further improve the cash dividend decision-making and supervision mechanism of Jiangsu Yang You Anchor Chain Co., Ltd. (hereinafter referred to as "the company"), maintain the continuity and stability of profit distribution policy, and fully guarantee the right to return on assets enjoyed according to law, Jiangsu Yuehang Anchor Chain Co., Ltd. has been formulated for the next three years (2002) according to the spirit of the Notice on Further Implementing Relevant Matters Concerning Cash Dividends of Listed Companies, the Supervision Guidelines for Listed Companies 3-Dividends of Cash Listed Companies and other documents.
The anchor chain is a part of the ship. Through the relationship between supply and demand, the development bottleneck of China Shipyard has been highlighted, and its profitability has been declining. Anchor chain sales are low. Although China is the largest shipbuilding country in the world, it is still far from being a powerful country. According to the latest data, the shipbuilding industry in China has been completed, and the new orders and procedures account for 36.3%, 35.4% and 35.8% of the international market share respectively, of which the new orders are limited to the second, and the other two are the first in the world.
Obviously, after the financial crisis, the recovery trend of China shipbuilding industry is obvious. Therefore, the anchor chain industry has also risen accordingly. At present, there are two main risks: one is geopolitics and trade friction. Especially after 20 16, the rise of European right-wing forces and the rise of American trade protectionism have had a great impact on the shipbuilding industry, and new orders are getting less and less; The other is the financial crisis. The renovation of domestic shipbuilding enterprises has not improved the domestic situation, but it is not strong. From 2009 to 20 16, more than 40 shipbuilding enterprises in China closed down and 90 were acquired. The orders received by the top ten domestic shipbuilding enterprises account for more than 70% in the domestic market, but the rough situation of shipbuilding technology hats in the international market has not changed. Basically, the scheduled ship is an oil tanker. The development of ships has created a huge demand for anchor chains.
Based on the five-year plan, the plan requires that by 2020, China will form some world advanced offshore engineering equipment manufacturing enterprises with strong core competitiveness. In order to achieve this goal, we must avoid strangling large enterprises and integrate as soon as possible.
Therefore, during the 20 19 session, the high-level officials have already expressed their position on promoting the strategic reorganization in the shipbuilding field, and the merger of CSSC and CSSC is imperative, that is, the reorganization of Nanchuan and Beichuan is ready. With the experience of strategic restructuring of CNR, the restructuring of Nanchuan and Beichuan is bound to accelerate, and the plan may be launched in the second half of this year for 70 days. Judging from the history of Nanchuan and Beichuan, southern Europe is mainly civilian, while Beichuan mainly involves military undertakings. Therefore, the development of anchor chain can not be separated from shipbuilding industry.