Financial Performance - The net profit attributable to shareholders for the year 2023 was RMB 604 million, a decrease of 22.6% compared to the previous year[6]. - Total revenue for 2023 decreased by 8.8% to RMB 7.5729 billion[6]. - Gross profit increased by 2.7% to RMB 2.7044 billion compared to the previous year[6]. - Revenue for the three months ended December 31, 2023, was RMB 1,223,933 thousand, a decrease of 51.4% compared to RMB 2,516,089 thousand for the same period in 2022[10]. - The company reported a pre-tax profit of RMB 137,641 thousand for the three months ended December 31, 2023, a decrease of 64.3% from RMB 386,017 thousand in the previous year[10]. - The company’s net profit attributable to owners for the three months ended December 31, 2023, was RMB 95,137 thousand, a decrease of 65.8% from RMB 278,007 thousand in the same period last year[10]. - The company’s diluted earnings per share for the year was RMB 0.80, down 90.1% from RMB 8.12 in the previous year[10]. - The group's pre-tax profit for the year ended December 31, 2023, was RMB 1,393,520 thousand, a decrease from RMB 1,485,950 thousand in 2022, representing a decline of about 6.2%[13]. - The after-tax profit for the year ended December 31, 2023, was RMB 1,019,656,000, compared to RMB 1,121,781,000 in 2022, representing a decrease of about 9.1%[45]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 42,607,940 thousand, an increase from RMB 40,545,215 thousand as of December 31, 2022[11]. - The company's total current assets reached RMB 9,270,986 thousand, up from RMB 8,325,150 thousand in 2022[11]. - The group's total current liabilities as of December 31, 2023, amounted to RMB 10,258,345 thousand, up from RMB 7,887,162 thousand in 2022, marking an increase of approximately 30.0%[12]. - The group's non-current liabilities totaled RMB 17,059,139 thousand as of December 31, 2023, down from RMB 17,843,481 thousand in 2022, indicating a decrease of about 4.4%[12]. - The total liabilities for the reportable segments were RMB 27,317,484,000 as of December 31, 2023, compared to RMB 25,730,643,000 in 2022, marking an increase of about 6.2%[47]. Cash Flow - The group's cash generated from operating activities for the year ended December 31, 2023, was RMB 1,901,197 thousand, compared to a cash outflow of RMB 1,394,655 thousand in 2022, indicating a significant turnaround[13]. - The group's cash flow from operating activities before changes in working capital was RMB 2,660,905 thousand for the year ended December 31, 2023, compared to RMB 2,555,296 thousand in 2022, reflecting an increase of about 4.1%[13]. - The group's cash flow from operating activities for the three months ended December 31, 2023, was RMB 392,649 thousand, compared to a cash outflow of RMB 311,684 thousand in the same period last year[14]. - Net cash inflow from operating activities for the 12 months of 2023 was RMB 1.9012 billion, while excluding changes in receivables under service concession arrangements, the net cash inflow was RMB 1.9772 billion[92]. Dividends - The company declared dividends to non-controlling interests amounting to RMB 4,000 thousand during the reporting period[16]. - The company declared dividends to equity shareholders amounting to RMB 69,801 during the period[20]. - The group announced a final cash dividend of RMB 0.006 per share, subject to approval at the upcoming annual general meeting[97]. - Total annual dividends for 2023 amounted to RMB 202,703 thousand, compared to RMB 192,118 thousand in 2022, reflecting an increase[104]. Segment Performance - Revenue from water and sludge treatment segment was RMB 5,030,061,000 in 2023, compared to RMB 4,720,907,000 in 2022, reflecting an increase of about 6.6%[44]. - The revenue from the solid waste power generation segment decreased to RMB 976,180,000 in 2023 from RMB 1,753,946,000 in 2022, a decline of approximately 44.4%[44]. - The operating profit for the reportable segments was RMB 2,102,176,000 for 2023, compared to RMB 2,050,796,000 in 2022, indicating a slight increase of 2.5%[45]. Financial Position - As of December 31, 2023, the group's cash and cash equivalents amounted to RMB 2.89 billion, indicating a healthy financial position[6]. - The group's total equity as of December 31, 2023, was RMB 15,290,456 thousand, an increase from RMB 14,814,572 thousand in 2022, indicating a growth of approximately 3.2%[12]. - The net asset value per share for the group as of December 31, 2023, is RMB 393.35, an increase from RMB 381.09 as of December 31, 2022[61]. - The total equity attributable to the owners of the company for the year ended December 31, 2023, is RMB 20,634,000, compared to RMB 209,184,000 for the year ended December 31, 2022[62]. Risks and Management - The company faces various financial risks, including foreign currency risk, interest rate risk, liquidity risk, and credit risk, which are managed by the board and executed by management[41]. - The business has not been significantly affected by seasonal or cyclical factors during the fiscal period[42]. Accounting Policies - The company has not made any changes to its accounting policies or faced any retrospective adjustments due to the adoption of new standards during the reporting period[39]. - The financial statements are prepared in RMB, as the majority of the company's operations are conducted in China[38]. - The company has assessed goodwill for impairment as of December 31, 2023, and determined that no impairment provision is necessary[40].
上海实业环境(00807) - 2023 - 年度业绩