Summary by Moomoo AI
HUA FENG INTERNATIONAL POWER CO., LTD. (STOCK CODE: 902) RECENTLY ISSUED ITS ANNUAL REPORT. IT ANNOUNCED THAT THE COMPANY ACHIEVED SALES REVENUE OF RMB2543.97 BILLION IN 2023, AN INCREASE OF 3.11% YEAR-ON-YEAR; OPERATING COSTS OF 2235.75 BILLION YUAN, DOWN 6.54% YOY; OPERATING PROFIT 132.46 BILLION YUAN, AN INCREASE OF 227.7% YEAR-ON-YEAR 23%; NET PROFIT OF $90.82 MILLION, UP 190.06% YEAR-ON-YEAR. The 2023 profit distribution forecast proposed by the Company's Board of Directors is a dividend of RMB0.2 (tax included) per ordinary share, with a total dividend payable of approximately RMB313,961.87 million. In addition, the company completed payment work on several bonds during the reporting period, and there was no credit rating adjustment. Net cash flow generated by the Company's operating activities was $454.97 billion, an increase of 39.91% year-on-year. During the reporting period, all of the company's directors attended board meetings and audit reports were issued by the EY Accounting Office with standard unreserved opinions.