Financial Performance - Revenue for the year ended December 31, 2023, was RMB 2,143,680 thousand, an increase of 3.3% from RMB 2,075,610 thousand in 2022[5] - Gross profit for the same period was RMB 173,567 thousand, up from RMB 171,126 thousand, reflecting a slight increase in gross margin[5] - Profit before tax increased to RMB 50,529 thousand, representing a 25.5% growth compared to RMB 40,121 thousand in the previous year[5] - Net profit for the year was RMB 30,750 thousand, a rise of 13.1% from RMB 27,098 thousand in 2022[5] - Basic and diluted earnings per share rose to RMB 3.75, compared to RMB 3.31 in the previous year, marking an increase of 13.3%[5] - The company reported a net profit of RMB 30,750,000 for the year ended December 31, 2023, compared to RMB 27,098,000 in 2022, reflecting an increase of approximately 9.8%[24] - The company recorded a revenue of RMB 2,143.7 million for the fiscal year 2023, representing an increase of approximately 3.3% compared to the fiscal year ending December 31, 2022[63] - The company's consolidated revenue for 2023 was RMB 2,143.7 million, representing a year-on-year increase of approximately 3.3% compared to RMB 2,075.6 million in the previous fiscal year[69] Assets and Liabilities - Total assets decreased to RMB 3,239,021 thousand from RMB 3,441,318 thousand, indicating a reduction of approximately 5.9%[6] - The total liabilities as of December 31, 2023, were RMB 2,486,924,000, down from RMB 2,709,652,000 in 2022[26] - The company's current assets and cash equivalents were approximately RMB 345.8 million and RMB 255.8 million, respectively, as of December 31, 2023[77] - The company's debt-to-asset ratio improved to 76.8% as of December 31, 2023, down from 78.7% in the previous year[77] Cash Flow and Expenses - The company reported a decrease in cash and cash equivalents to RMB 255,754 thousand from RMB 540,175 thousand, a decline of 52.7%[7] - The operating expenses for the year were RMB 108,862,000, compared to RMB 127,049,000 in the previous year, indicating a reduction in costs[24] - Administrative expenses decreased by 9.2% to RMB 83.9 million in 2023, down from RMB 92.4 million in 2022, with the percentage of administrative expenses to revenue dropping from 4.5% to 3.9%[73] Shareholder Returns - The company proposed a final dividend of HKD 0.0102 per share for the fiscal year 2023, totaling approximately HKD 8,419,000 (equivalent to RMB 7,630,000), an increase from the previous year's dividend[58] - The proposed final dividend is HKD 1.02 per share, compared to HKD 0.92 per share in the previous year[89] Market Strategy and Expansion - The company plans to continue expanding its market presence in China and Southeast Asia, focusing on marine construction and municipal engineering services[10] - The company is focusing on expanding its marine engineering business overseas, particularly in Malaysia, which has contributed to revenue growth[64] - The company aims to strengthen its competitive edge in the domestic market while expanding its environmental engineering business in response to ecological governance policies[68] - The company is committed to monitoring international market changes and promoting high-quality development in line with the Belt and Road Initiative[68] Governance and Compliance - The board approved the financial statements for publication on March 28, 2024, indicating ongoing compliance with regulatory requirements[12] - The audit committee has reviewed the audited consolidated financial statements for the reporting period without objections to the accounting treatment adopted[99] - The company has adopted corporate governance principles to enhance shareholder value and accountability[97] - The company is committed to transparency and compliance with the Cayman Islands Companies Law[104] Employee and Operational Information - The company has a total of 537 employees, with employee costs amounting to approximately RMB 71.7 million during the reporting period[92] - The company has not encountered any major labor disputes or difficulties in hiring and retaining qualified employees during the reporting period[93] Other Financial Information - The company reported a financial asset impairment loss of RMB 20,289,000 for the year ended December 31, 2023[24] - Trade receivables increased to RMB 1,209,411,000 in 2023 from RMB 990,600,000 in 2022, reflecting a growth of 22.1%[48] - The company's total receivables, including trade and other receivables, amounted to RMB 1,800,541,000 in 2023, up from RMB 1,529,134,000 in 2022, indicating a growth of 17.7%[48] - The company's long-term payables decreased significantly from RMB 292,705 thousand in 2022 to RMB 202,396 thousand in 2023, indicating improved cash flow management[57] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[94] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year ended December 31, 2023[82]
华滋国际海洋(02258) - 2023 - 年度业绩