Summary by Moomoo AI
ZHONGYUAN HAC ANNOUNCED A SIGNIFICANT DECLINE IN 2023 RESULTS, WITH NET PROFIT AND PROFIT BEFORE INTEREST TAX (EBIT) DOWN 78.40% AND 78.54%, RESPECTIVELY. THE COMPANY IS EXPECTED TO RECORD A PROFIT BEFORE INCOME TAX OF APPROXIMATELY RMB366.43 MILLION FOR THE REPORTING PERIOD FROM JANUARY 1 TO DECEMBER 31, 2023, NET PROFIT OF APPROXIMATELY RMB283.89 MILLION, AND NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF LISTED COMPANIES OF APPROXIMATELY RMB238.59 MILLION, NET PROFIT OF NON-RECURRING LOSSES $237.47 billion. Compared to the data revisited in the same period in 2022, all indicators showed a significant decline. The company noted that the decline in the container shipping business revenue was due to weak transportation demand, increased labor supply and geopolitical tension that led to a significant drop in market freight rates. Despite its challenges, SMC remains committed to providing comprehensive supply chain solutions and advancing global digital supply chain and green smart shipping construction. THE COMPANY EMPHASIZES THAT THIS RESULTS ANNOUNCEMENT HAS NOT BEEN REVIEWED OR REVIEWED BY AUDITORS AND THE FINAL DATA WILL BE REPORTED ANNUALLY.