Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 12,072.3 million, a decrease from RMB 12,448.6 million in the previous year[6] - Gross profit for the year was RMB 448.5 million, down from RMB 1,140.8 million year-on-year, indicating a significant decline[4] - The net loss attributable to shareholders for the year was RMB 6.1 million, compared to a profit of RMB 570.8 million in the previous year[18] - Basic earnings per share decreased to RMB 0.04 from RMB 0.79 year-on-year[11] - The net profit for the year ended December 31, 2023, was RMB 421,950,000, compared to RMB 570,784,000 for the previous year, indicating a decrease of 26.0%[23] - The company reported a total comprehensive income of RMB 570,748,000 for the year, slightly down from RMB 570,784,000 in the previous year[23] Assets and Liabilities - Non-current assets increased to RMB 8,649.4 million as of December 31, 2023, compared to RMB 7,124.2 million in the previous year[13] - Total equity attributable to shareholders decreased to RMB 3,460.4 million from RMB 3,513.9 million year-on-year[20] - The company’s total assets less current liabilities stood at RMB 6,747.4 million, slightly up from RMB 6,697.8 million in the previous year[20] - The group had a net current liability of approximately RMB 1,901,959,000 as of December 31, 2023[48] - The group’s current assets totaled RMB 478,258,000[101] - As of December 31, 2023, the total current assets amounted to RMB 551,767,000, while non-current assets were RMB 1,109,019,000[141] Cash Flow and Financing - The company reported a net cash outflow from investing activities of RMB 898.7 million, compared to RMB 1,828.0 million in the previous year[16] - Cash and cash equivalents at the end of 2023 were RMB 917,869,000, showing a slight increase from RMB 913,992,000 at the end of 2022[29] - The company raised RMB 2,007,833,000 through bank borrowings in 2023, compared to RMB 2,423,378,000 in 2022, representing a decrease of 17.2%[29] - The interest paid during the financing activities increased to RMB 203,721,000 in 2023 from RMB 118,366,000 in 2022, marking an increase of 72.0%[29] - The total borrowings increased to RMB 3,943,791 thousand in 2023 from RMB 3,223,120 thousand in 2022, reflecting a rise of about 22.4%[192] Inventory and Expenses - The company’s inventory increased by RMB 262,462,000 for the year ended December 31, 2023, compared to a decrease of RMB 117,433,000 in the previous year[35] - The total expenses for the same period amounted to RMB 2,248,083,000[115] - The group reported a decrease in trade and other receivables from RMB 800,520,000 in 2022 to RMB 494,019,000 in 2023[128] Shareholder and Equity Information - As of December 31, 2023, total equity amounted to RMB 4,840,215,000, an increase from RMB 4,726,480,000 as of December 31, 2022, reflecting a growth of 2.4%[23] - The company issued new shares to non-controlling interests amounting to RMB 260,887,000 in 2023, with no such issuance in the previous year[29] - The company paid dividends of RMB 53,542,000 to non-controlling interests in 2023, compared to RMB 14,700,000 in 2022, reflecting an increase of 264.0%[29] Tax and Deferred Income - Deferred tax assets increased to RMB 140,744,000, while deferred tax liabilities decreased to RMB (71,939,000) as of December 31, 2023[111] - The group recognized deferred tax assets of RMB 170,204,000 for tax losses of RMB 680,816,000 as of December 31, 2023, up from RMB 6,187,000 for RMB 24,748,000 in 2022[126] - As of December 31, 2023, the group reported deferred income from government subsidies related to asset purchases amounting to RMB 18,440,000, a decrease from RMB 20,644,000 in 2022[165] Operational Highlights - The company has established a business location in Hong Kong, which may facilitate future market expansion efforts[36] - The company continues to recognize assets related to the sale and leaseback of certain coke oven facilities, as the transfer did not meet the sales criteria[163] - The company has established a 30-year land lease agreement for the expansion of the "Zenan Reservoir," with rental adjustments every five years based on national grain purchase prices[152] Risk Management - The group assesses whether there is objective evidence indicating potential impairment of interests in associates or joint ventures[55] - The management continuously monitors credit risk levels to ensure timely follow-up actions on overdue debts[198] - The company maintains long-term relationships with quality customers to mitigate credit risk[198]
金马能源(06885) - 2023 - 年度业绩