Financial Performance - For the year ended December 31, 2023, the profit attributable to shareholders increased by 60% to RMB 1,895,700,000 from RMB 1,181,400,000 in the previous year[3]. - EBITDA for the year was RMB 8,931,300,000, a 25% increase from RMB 7,158,200,000 last year[3]. - The total revenue for the year was RMB 24,519,374,000, up from RMB 21,484,840,000, representing a growth of approximately 9.5%[4]. - The basic and diluted earnings per share for the year were RMB 18.24 and RMB 18.21, respectively, compared to RMB 11.33 and RMB 11.31 in the previous year[4]. - The company reported a net profit of RMB 3,064,327,000 for the year, compared to RMB 2,335,171,000 in the previous year[5]. - The company reported a pre-tax profit of RMB 4,028,439,000 for the year ended December 31, 2023, compared to RMB 3,265,457,000 for the year ended December 31, 2022[25][32]. - The company's net profit attributable to shareholders for 2023 was RMB 1,895,681,000, a significant increase of 60.5% compared to RMB 1,181,430,000 in 2022[35]. - The total proposed final dividend for 2023 is RMB 1,419,586,000, slightly up from RMB 1,396,137,000 in 2022, maintaining the same per share dividend of 8.7 HKD cents[33]. Assets and Liabilities - The total assets as of December 31, 2023, amounted to RMB 165,493,193,000, an increase from RMB 161,751,644,000 in the previous year[7]. - The company’s total non-current assets increased to RMB 125,108,357,000 from RMB 120,756,110,000 year-on-year[7]. - As of December 31, 2023, total equity reached RMB 54,133,475,000, an increase of 3.7% from RMB 52,207,300,000 in 2022[8]. - Non-current liabilities totaled RMB 68,861,047,000, up 6.1% from RMB 64,892,125,000 in the previous year[8]. - Current liabilities decreased to RMB 42,498,671,000, down 4.8% from RMB 44,652,219,000 in 2022[8]. - Total liabilities amounted to RMB 111,359,718,000, reflecting a 1.7% increase from RMB 109,544,344,000 in 2022[8]. - The company reported a net current liability of RMB 2,000,000,000 and capital commitments of approximately RMB 18,100,000,000 as of December 31, 2023[9]. - The company’s total borrowings rose to RMB 74,244,700,000 in 2023 from RMB 72,243,900,000 in 2022, reflecting an increase of approximately 2.8%[117]. Revenue Breakdown - The total operating revenue for the year ended December 31, 2023, was RMB 24,519,374,000, representing an increase of 14.5% compared to RMB 21,484,840,000 for the year ended December 31, 2022[25][27]. - Revenue from wastewater and recycled water treatment services was RMB 8,643,409,000 for the year ended December 31, 2023, compared to RMB 8,491,352,000 in the previous year[29]. - The company’s revenue from mainland China was RMB 23,159,277,000, up from RMB 20,155,038,000 in the previous year[27]. - The revenue from urban resource services surged by 131% to RMB 5,057.6 million in 2023, compared to RMB 2,184.9 million in 2022[57]. - The company’s total revenue from technical services and equipment sales decreased by 16% to RMB 2,459.1 million in 2023[57]. Expenses and Costs - The financial expenses for the year ended December 31, 2023, totaled RMB 3,260,857,000, an increase from RMB 2,745,678,000 in the previous year[31]. - The total sales cost for the year ended December 31, 2023, was RMB 15,518,621,000, compared to RMB 13,024,158,000 in the previous year[25][26]. - Management expenses increased to RMB 3,317,400,000 from RMB 2,973,300,000, primarily due to the consolidation of North Control Urban Resources[92]. - Other expenses, including headquarters costs and financial expenses, totaled RMB 3,260,900,000[51]. Cash Flow and Investments - The cash and cash equivalents decreased to RMB 10,215,161,000 from RMB 11,584,201,000 year-on-year[7]. - The company reported a total tax expense of RMB 964,112,000 for 2023, compared to RMB 930,286,000 in 2022, reflecting an increase of 3.6%[33]. - The total capital expenditure for the year amounted to RMB 6,834,800,000, an increase from RMB 6,299,400,000 as of December 31, 2022[119]. - The company issued perpetual capital instruments amounting to RMB 2,000,000,000 during the year, contributing to the increase in equity instruments[110]. Strategic Developments - The company has integrated the concept of "Future New Water Services" into its strategic development, focusing on sustainable innovation and technology[120]. - The company plans to continue expanding its market presence and developing new technologies in the water treatment sector[48]. - The company aims to lead asset-light transformation through a "Technology Development Platform" in 2024[122]. - The company plans to distribute a final dividend of HKD 0.087 per share, pending approval at the annual general meeting on June 5, 2024[129]. Corporate Governance - The company has adhered to all corporate governance codes as per the listing rules for the year ending December 31, 2023[132]. - The audit committee, composed of three independent non-executive directors, has reviewed and approved the financial results for the year ending December 31, 2023[134].
北控水务集团(00371) - 2023 - 年度业绩