Financial Performance - Revenue increased by approximately 1.5% year-on-year, reaching approximately RMB 133,623,632,000[2] - Gross profit rose by approximately 14.9% year-on-year, amounting to approximately RMB 20,954,597,000[2] - Annual profit increased by approximately 27.4% year-on-year, totaling approximately RMB 12,497,752,000[2] - Net profit attributable to shareholders increased by approximately 31.7% year-on-year, reaching approximately RMB 11,460,678,000[2] - Basic earnings per share increased by approximately 29.2% year-on-year, recorded at approximately RMB 1.2095[2] - Total comprehensive income for the year, after tax, was RMB 12,488,002,000, compared to RMB 10,476,523,000 in the previous year[4] - The company reported a net profit of RMB 11,460,678 thousand for 2023, up 31.5% from RMB 8,701,953 thousand in 2022[25] - The company's net profit attributable to shareholders was approximately RMB 11.46 billion, an increase of about 31.7% year-on-year, mainly due to increased overall gross profit and reduced administrative expenses[44] Assets and Liabilities - The asset-liability ratio decreased by approximately 1.2 percentage points year-on-year, to approximately 47.0%[2] - Non-current assets increased to RMB 112,925,122,000 from RMB 98,174,101,000 year-on-year[5] - Current liabilities decreased to RMB 74,029,126,000 from RMB 71,373,124,000 year-on-year[6] - Total equity increased to RMB 106,256,445,000 from RMB 96,305,777,000 year-on-year[6] - The total liabilities of the group as of December 31, 2023, were approximately RMB 94,063,640,000, compared to approximately RMB 89,436,014,000 at the end of 2022[55] Revenue Breakdown - Revenue from aluminum products in 2023 was RMB 133,623,632 thousand, a slight increase of 1.5% from RMB 131,699,427 thousand in 2022[15] - The revenue from liquid aluminum alloy was RMB 83,750,044 thousand in 2023, down 2.5% from RMB 85,833,912 thousand in 2022[15] - The revenue from steam supply increased to RMB 924,918 thousand in 2023 from RMB 765,353 thousand in 2022, marking a growth of 21%[15] - The company's aluminum alloy products revenue was approximately RMB 94.64 billion, a decrease of about 1.6% year-on-year, primarily due to a decline in selling prices[46] - The revenue from alumina products was approximately RMB 26.56 billion, an increase of about 24.1% year-on-year, attributed to higher sales volumes[46] Expenses and Costs - Sales and distribution expenses for the year ended December 31, 2023, were approximately RMB 755,274,000, an increase of about 26.4% from approximately RMB 597,679,000 in the same period last year[48] - Administrative expenses decreased by approximately 16.5% to about RMB 4,952,875,000 for the year ended December 31, 2023, compared to approximately RMB 5,933,759,000 in the previous year[49] - Financial expenses increased by approximately 8.2% to about RMB 3,267,938,000 for the year ended December 31, 2023, due to an increase in total borrowings and rising average financing costs[50] Cash Flow and Capital Expenditure - Cash and cash equivalents increased by approximately 15.8% to about RMB 31,721,122,000 as of December 31, 2023, compared to approximately RMB 27,384,542,000 at the end of 2022[51] - The net cash inflow from operating activities for the year ended December 31, 2023, was approximately RMB 22,402,302,000[51] - The group’s capital expenditure for the year ended December 31, 2023, was approximately RMB 6,046,330,000, primarily for quality assurance deposits and construction expenditures for various projects[51] Shareholder Information - The company declared a special interim dividend of HKD 0.22 per share for 2023, compared to no special dividend in 2022[24] - The company proposed a final dividend of HKD 0.29 per share, totaling HKD 0.63 per share for the year, compared to HKD 0.51 per share in 2022[36] - The significant shareholder, Shiping Trust Company, holds 6,076,513,573 shares, accounting for 64.13% of the total issued share capital[71] - Ms. Zhang Hongxia and Ms. Zhang Yanhong, as part of a concerted action arrangement, are deemed to have interests in 6,085,383,573 shares, which is approximately 64.22% of the total issued share capital[71] Corporate Governance - The board consists of four executive directors, four non-executive directors, and four independent non-executive directors, ensuring a balanced governance structure[64] - The board of directors consists of twelve members, including four executive directors and eight non-executive directors, ensuring a balance of power and authority[91] - The company has adhered to the corporate governance code, with the exception of the separation of roles between the Chairman and the CEO, which is held by Mr. Zhang Bo due to his extensive management experience and industry knowledge[89] Compliance and Reporting - The audit committee reviewed the financial performance for the year ending December 31, 2023, and confirmed compliance with accounting standards and appropriate disclosures[77] - The annual performance announcement and annual report will be published by April 19, 2024, on the Hong Kong Stock Exchange and the company's website[90] Strategic Initiatives - The company is focusing on green development and has made significant progress in building a high-end aluminum industry system[37] - The group is committed to high-quality development and will accelerate the implementation of new energy projects while focusing on technology transformation and lightweight industry ecosystem construction[60] - The group aims to embrace green initiatives and innovation to advance towards high-end industrial chains and new industrialization[60]
中国宏桥(01378) - 2023 - 年度业绩