Summary by Moomoo AI
ZHEJIANG HANGYONG ANNOUNCED 2023 RESULTS, WITH REVENUE GROWTH OF 10.7% YEAR-ON-YEAR TO RMB169 BILLION 6,502 MILLION. Profit attributable to company owners increased by 0.9% year-on-year to RMB52,368 million. Basic earnings per share were RMB112.95 points and diluted earnings per share were RMB105.32. A dividend of RMB32.0 per share is proposed. Revenue from the highway business was the main growth point, while the securities business continued to grow on the downside in the capital markets. The company has been actively expanding the highway business and has completed several investments and acquisitions to expand the scale of the business. The total amount of capital raised for equity in 2023 was approximately RMB61.5 billion for highway redevelopment projects and replenishment of liquidity. Looking ahead to 2024, the company will focus on its main business development and expects the Chinese economy to continue to recover steadily.