Summary by Moomoo AI
China Lien Plastics Group Holdings Limited announces its annual results for the year ended 31 December 2023. Group revenue increased slightly by 0.3% to RMB308.68 billion, gross profit decreased 1.5% to RMB81.1 billion, year-on-year profit decreased 7.9% to RMB23.20 billion, and basic earnings per share were RMB0.77, a decrease of 6.1%. It is proposed to pay a final dividend of HK$20 cents per share. In the year, the revenue of the Plastic Piping Systems business was RMB245.85 billion, accounting for 79.6% of the Group's total revenue. Construction home business revenue was RMB28.39 billion, environmental business revenue was RMB3.87 billion, supply chain service platform business revenue was RMB15.15 billion, and new energy business revenue was RMB10.57 billion. The capital expenditure amounted to RMB59.99 million, mainly for the improvement of automation equipment of the production base and the installation of photovoltaic power generation facilities and the expansion of the existing production base. As of the end of the reporting period, the Group had a total debt of RMB206.96 billion and a balance of 46.0%.