锦江航运(601083) - 2023 Q4 - 年度财报

Financial Performance - Total operating revenue for 2023 was CNY 5,266,128,808.70, a decrease of 22.93% compared to CNY 6,840,169,072.77 in 2022[16] - Net profit for 2023 was CNY 742,544,426.23, a decline of 59.36% from CNY 1,826,979,414.48 in 2022[18] - The company's total operating revenue for 2023 was CNY 3,539,307,592.36, a decrease of approximately 29% compared to CNY 4,989,873,480.60 in 2022[20] - The net profit for 2023 was CNY 416,217,764.30, down from CNY 1,194,878,017.68 in the previous year, representing a decline of about 65%[23] - Basic and diluted earnings per share for 2023 were both CNY 0.67, compared to CNY 1.66 in 2022, indicating a decrease of approximately 60%[20] - The company's operating profit for 2023 was CNY 456,628,048.43, down from CNY 1,490,097,168.73 in 2022, reflecting a decline of around 69%[23] - The total comprehensive income for 2023 was CNY 416,227,917.73, compared to CNY 1,195,016,560.50 in 2022, indicating a decrease of about 65%[23] Assets and Liabilities - As of December 31, 2023, total assets increased to CNY 9,907,791,440.79, up from CNY 8,627,606,118.44 in 2022, representing a growth of approximately 14.8%[3] - Current assets totaled CNY 6,398,749,104.03, an increase of 30% from CNY 4,922,170,688.98 in the previous year[3] - Total liabilities decreased to CNY 1,767,952,703.82 from CNY 2,564,217,941.25, a reduction of 30.9%[6] - The company’s total liabilities were CNY 903,244,062.46 as of December 31, 2023, compared to CNY 2,699,053,549.59 in 2022, indicating a decrease of 66.51%[14] - Non-current assets totaled CNY 3,509,042,336.76, down from CNY 3,705,435,429.46, indicating a decline of 5.3%[5] Equity and Retained Earnings - Owner's equity increased to CNY 8,139,838,736.97, up from CNY 6,063,388,177.19, reflecting a growth of 34.3%[8] - The company’s total equity attributable to shareholders reached CNY 8,106,229,735.69, an increase of 34.7% from CNY 6,020,793,612.46 in the previous year[8] - The company’s retained earnings stood at CNY 3,062,131,729.25, slightly down from CNY 3,115,809,079.45, a decrease of 1.7%[8] - The total equity increased to CNY 5,687,724,900.48 from CNY 3,958,709,501.84, marking a growth of 43.69%[14] Cash Flow - Cash flow from operating activities was CNY 5,071,773,264.22 in 2023, compared to CNY 5,890,943,645.09 in 2022, showing a decrease of about 14%[24] - The net cash flow from operating activities was CNY 1,590,389,844.03, a decrease of 27.4% compared to CNY 2,187,257,691.01 in the previous period[28] - Cash inflow from investment activities totaled CNY 62,374,014.24, up from CNY 37,524,386.20, indicating a 66.1% increase[28] - The net cash flow from investment activities increased to ¥308,356,793.97, up 13.7% from ¥271,149,583.77 in the previous year[104] - Total cash inflow from financing activities reached ¥4,309,196,282.10, significantly higher than ¥2,169,972,775.98 in 2022[104] Dividend Policy - The company emphasizes a cash dividend policy, prioritizing cash dividends over stock dividends in profit distribution[52] - The company plans to distribute at least 50% of its distributable profits to shareholders annually, with a preference for cash dividends[53] - For the fiscal year 2023, the company intends to distribute a cash dividend of RMB 2.87 per 10 shares, totaling RMB 371,412,440, which represents 50.02% of the net profit attributable to shareholders[53] - The company distributed a cash dividend of RMB 6.86 per 10 shares for the fiscal year 2022, totaling RMB 754,600,000[53] Corporate Governance - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 14.1977 million RMB[42] - The remuneration for directors and supervisors is determined based on their positions, workload, responsibilities, and risks, following the company's remuneration decision-making procedures[42] - The company has established a performance evaluation and incentive system for senior management based on annual performance assessments[56] - The company has not faced any penalties from securities regulatory agencies in the past three years[43] Environmental and Social Responsibility - The company reported an investment of RMB 255.84 million in environmental protection during the reporting period[59] - The company has engaged in poverty alleviation projects with a total investment of RMB 354,600, which included material donations[64] - The company has committed to maintaining independence in business, assets, finance, personnel, and organization from its controlling shareholder, Shanghai Port Group[89] Strategic Initiatives - The company plans to continue expanding its market presence, supported by the strong financial results and equity growth[37] - The company is focusing on strategic initiatives, including potential mergers and acquisitions, to enhance market competitiveness[37] - The company has committed to advancing its compliance system and risk management framework for newly established overseas enterprises[79] Audit and Compliance - The company continues to engage with PwC for auditing services, ensuring compliance and accuracy in financial reporting[123] - There are no significant legal disputes or arbitration matters reported for the year, indicating a stable operational environment[124] - The company has not faced any delisting risks or major regulatory penalties during the reporting period[124]