Summary by Moomoo AI
WEISHAI POWER CO., LTD. (THE “COMPANY”) ANNOUNCES FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. Operating income of the Company was approximately RMB213,958 million, up approximately 22.2% year-on-year; net profit attributable to shareholders of the parent company was approximately RMB9,014 million, up approximately 83.8% year-on-year; basic earnings per share were RMB1.04, up approximately 84.5% year-on-year. The Company achieved high quality development during the reporting period, with significant year-on-year growth in key indicators, and through effective cost control, increased its pre-interest tax profit margin from approximately 4.3% last year to approximately 7.7% this year. In addition, the Company adopted the A Share Restricted Stock Incentive Scheme at the Extraordinary General Meeting held on 13 November 2023 to attract and retain talent, motivate core and backbone employees, and completed the relevant registration on 20 December 2023. The Company's Board of Directors approved the audited consolidated financial statements for the year on March 25, 2024.