Summary by Moomoo AI
First Steel Resources (00639.HK) announced its full-year results for the year ended December 31, 2023, with revenue down 28% year-on-year to HK$58.91 billion, gross profit down 34% to HK$34.6 billion, year-on-year profit down 30% to HK$23.01 billion, and owners' receivables down 30% to HK$18.89 million. Basic earnings per share were HK37.66 cents, down 30% from last year. NET ASSET VALUE FELL SLIGHTLY BY 1% TO HK$184.71 BILLION AND THE LIQUIDITY RATIO INCREASED 23% TO 3.97 TIMES. The Board of Directors proposes a final dividend of HK18 cents per ordinary share. In the face of the complex domestic and foreign environment, the company will continue to invest in technological innovation, improve efficiency, and strengthen environmental, social and governance work to achieve full coordination of sustainable development, SBC said.