Summary by Moomoo AI
POWER DEVELOPMENT GROUP LIMITED (STOCK CODE: 1277) ANNOUNCES RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. The report showed that the company's revenue fell to RMB4,155.8 million from RMB4,155.8 million in the previous year, a decrease of 22.9%. Gross profit decreased from $4,023.5 million to $2,803.0 million and gross profit decreased from 65.4% to 59.1%. Earnings attributable to shareholders of the company also fell 22.0% from $2,664.5 million to $2,077.8 million. Basic and diluted earnings per share were RMB24.65, down 31.61 points from last year. The Company proposes a final dividend of HK5.0 cents per share. In addition, the company proposed the adoption of a new organizational charter and charter rules to comply with the latest regulatory requirements. The Company's Board of Directors stated that it will continue to pursue the principles of safe, efficient, green and environmentally friendly mine development in the future and actively seek potential mining project targets or new business diversification beyond mining.