Financial Performance - In 2023, the company's revenue was RMB 33.493 billion, a decrease of 16% compared to 2022[4] - The net profit for 2023 was RMB 158 million, down 50% from the previous year[4] - Earnings per share for 2023 were RMB 0.10, reflecting a decline of 47% year-over-year[4] - Total operating income for 2023 was RMB 33,492,866,000, down 16.5% from RMB 40,006,018,000 in 2022[35] - The total comprehensive income attributable to the parent company for 2023 was RMB 52,527,000, significantly lower than RMB 301,109,000 in 2022, marking an 82.5% decrease[13] - Total revenue for 2023 reached RMB 33,471,799 thousand, a decrease from RMB 39,969,607 thousand in 2022, representing a decline of approximately 16.4%[40] - The company reported a gross profit margin of approximately 5.36% for 2023, compared to 5.93% in 2022[11] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 64.886 billion, down from RMB 67.632 billion in 2022[6] - Current assets totaled RMB 58.298 billion, a decrease from RMB 61.126 billion in the previous year[6] - The company's total liabilities were RMB 58.658 billion, down from RMB 61.464 billion in 2022[9] - The total liabilities, including accounts payable, were RMB 34,488,055,000 in 2023, down from RMB 36,587,127,000 in 2022[30] - The capital debt ratio improved to 92.1% in 2023 from 97.1% in 2022[110] - Cash and cash equivalents as of December 31, 2023, were approximately RMB 6.528 billion, down from RMB 8.488 billion at the end of 2022[94] Equity and Investments - The total equity attributable to shareholders increased to RMB 6.047 billion from RMB 5.995 billion in 2022[9] - Long-term equity investments decreased by RMB 15 million to RMB 501 million as of December 31, 2023[98] - The company successfully acquired 51% of Zhongwei Construction Engineering Co., Ltd. for RMB 51.51 million, with the agreement signed on March 19, 2024[112] Revenue Sources - Revenue from housing construction projects was RMB 20,490,784 thousand in 2023, down from RMB 26,203,970 thousand in 2022, a decrease of about 22.0%[40] - Infrastructure construction revenue was RMB 9,683,182 thousand in 2023, compared to RMB 10,029,152 thousand in 2022, reflecting a decline of approximately 3.4%[40] - The company recognized revenue of RMB 4,829,215 thousand from contract liabilities in 2023, an increase from RMB 4,594,190 thousand in 2022, representing a growth of about 5.1%[44] Expenses - Research and development expenses for 2023 were RMB 148 million, slightly down from RMB 150 million in 2022[11] - Management expenses for 2023 were RMB 528 million, a reduction of RMB 43 million from 2022, primarily due to lower salary expenses[84] - The company’s income tax expenses for 2023 were RMB 833,807,000, an increase of 17.4% from RMB 709,929,000 in 2022[31] Contracts and Projects - The new contract amount for 2023 was RMB 31.964 billion, a decrease of 27.0% from RMB 43.732 billion in 2022[65] - The uncompleted contract amount as of 2023 was RMB 59.849 billion, down from RMB 69.722 billion in the previous year, representing a decline of 14.5%[65] - The new contracts in the housing construction segment amounted to RMB 17.292 billion in 2023, a significant drop of 38.9% from RMB 28.295 billion in 2022[69] - The infrastructure construction segment secured new contracts worth RMB 10.436 billion, down 10.5% from RMB 11.693 billion in 2022[71] Future Outlook and Strategy - The company anticipates 2024 to be a critical year for achieving its "14th Five-Year Plan" goals, focusing on healthy development amidst global economic challenges[113] - The company aims to enhance market development in key cities such as Xiong'an New Area, Shijiazhuang, and Tangshan in 2024[124] - The company will continue to focus on safety production and improve project site management standards[124] - The company emphasizes the importance of innovation and efficiency improvement in its operations[125] Governance and Compliance - The company has adhered to all corporate governance codes and regulations as of December 31, 2023[127] - The company has appointed Ernst & Young as its auditor for the financial year ending December 31, 2023[130] Dividends - The company plans not to distribute dividends for the year ending December 31, 2023[63] - The board recommends not to declare a final dividend for the year ending December 31, 2023[125]
河北建设(01727) - 2023 - 年度业绩