The Zhitong Finance App learned that Sinotrans (00598) rose more than 8%. As of press release, it had risen 8.45% to HK$3.85, with a turnover of HK$15.9.25 million.
According to the news, Sinotrans announced its 2023 annual results. The group achieved total operating revenue of 101.705 billion yuan (RMB, same below) during the period, a year-on-year decrease of 6.94%; net profit to mother was 4.222 billion yuan, an increase of 3.5% over the previous year, reaching another record high. Among them, 4Q2023 achieved operating income of 28.932 billion yuan, up 1.79% year on year, and realized net profit of 1,058 billion yuan, up 101.36% year on year. It is proposed to pay a final dividend of $0.145 per share.
Guojin Securities pointed out that the company's full-year and fourth-quarter results exceeded market expectations. Freight forwarder profits increased, and professional logistics profits increased. Furthermore, the year-on-year increase in gross margin led to an increase in net profit margin to mother. The company plans to pay a dividend of RMB 0.145 per share at the end of 2023. If implemented, the annual dividend will be 0.29 yuan per share (the company has implemented a mid-term dividend), and the dividend ratio is 49.77%, an increase of 13.99 pcts compared to the 2022 dividend ratio.