Briefly describe the principle and order of after-tax profit distribution stipulated in China's company law.

Legal analysis: the principle of after-tax profit distribution stipulated in China's Company Law is: the principle of legal order distribution. The interest requirements of different stakeholders determine that the distribution of after-tax profits of the company must proceed from the overall situation and take care of the interests of all parties. This is both the basic principle and the basic starting point of after-tax profit distribution. There is no principle of distribution without surplus. The principle of the same share, the same right and the same benefit. Shares with the same rights and shares with the same rights are not only the principles that should be followed when issuing shares publicly, but also one of the principles that companies should follow when distributing dividends to shareholders. The company's shares held by the company shall not be distributed. The distribution order is: make up the company's losses in previous years. Withdraw the statutory provident fund. The shareholders' meeting or shareholders' meeting decides to withdraw the provident fund. After the company withdraws the statutory reserve fund from the after-tax profits, it may also withdraw the reserve fund from the after-tax profits upon the resolution of the shareholders' meeting or general meeting. Pay dividends.

Legal basis: People's Republic of China (PRC) Company Law.

Article 159 Corporate bonds may be transferred, and the transfer price shall be agreed by the transferor and the transferee. Where corporate bonds are listed and traded on a stock exchange, they shall be transferred in accordance with the trading rules of the stock exchange.

Article 166 When distributing the after-tax profits of the current year, the company shall allocate 10% of the profits to the company's statutory reserve fund. If the accumulated amount of the statutory common reserve fund of the company is more than 50% of the registered capital of the company, it may not be withdrawn. If the statutory reserve fund of the company is insufficient to make up for the losses of the previous year, the profits of the current year shall be used to make up for the losses before the statutory reserve fund is withdrawn in accordance with the provisions of the preceding paragraph. After the company withdraws the statutory reserve fund from the after-tax profits, it may also withdraw the reserve fund from the after-tax profits upon the resolution of the shareholders' meeting or general meeting. After-tax profits of the company after making up losses and drawing provident fund shall be distributed by the limited liability company in accordance with the provisions of Article 34 of this Law; A joint stock limited company shall distribute shares according to the proportion of shares held by shareholders, except that the articles of association of a joint stock limited company stipulate that shares shall not be distributed according to the proportion of shares held. If the shareholders' meeting, shareholders' general meeting or the board of directors violates the provisions of the preceding paragraph and distributes profits to shareholders before the company makes up losses and withdraws the statutory reserve fund, the shareholders must return the profits distributed in violation of the provisions to the company. The company's shares held by the company shall not be distributed.

Article 167 The premium paid by a joint stock limited company for issuing shares at an issue price exceeding the par value of the shares and other income listed in the capital reserve fund as stipulated by the financial department of the State Council shall be included in the company's capital reserve fund.