According to Zhitong Finance App, Jin Hyundai (300830.SZ) released its 2023 annual report. During the reporting period, the company achieved operating income of 508 million yuan, a year-on-year decrease of 19.11%; net profit attributable to shareholders of listed companies was 126.55,800 yuan, a year-on-year decrease of 77.88%; net profit attributable to shareholders of listed companies deducted non-recurring profit and loss of 333.54 million yuan, a year-on-year decrease of 92.61%; basic earnings per share were 0.03 yuan/share.
The company's profit distribution plan reviewed and approved by the board of directors is to distribute a cash dividend of 0.23,2491 yuan (tax included) to all shareholders for every 10 shares, 0 bonus shares (tax included), and 0 shares will be transferred to all shareholders for every 10 shares using the capital reserve fund.
During the reporting period, the company's operating income and net profit declined. The main reason was that the company was in a period of strategic adjustment. While eliminating some low-end businesses, the total number of employees declined, the implementation progress of some projects fell short of expectations, and the effectiveness of new products required a relatively long period of time. As a result, overall production capacity declined, leading to a decline in operating income. At the same time, in order to maintain the effective implementation of the two-wheel drive strategy, the company's R&D investment and sales expenses have all increased, leading to a sharp decline in net profit.