Summary by Moomoo AI
Zhongyuan Hai Holding announced its annual results on December 31, 2023, showing a significant decline in both revenue and profit. Annual revenue was RMB1754 billion, down 55.14% year-on-year; net profit attributable to the Company's shareholders was RMB238.60 billion, down 78.27% year-on-year. Basic and diluted earnings per share were RMB1.48. The Board of Directors proposes to pay a final dividend of RMB0.23 per share. The results reflect the impact of slowing global economic growth and weaker demand in the container shipping market. Sino-Far Sea Control said it will continue to optimize global shipping layouts, drive green low-carbon eco-innovation, and commit to providing full-chain supply chain services. The Company repurchased and completed write-offs of A and H shares in 2023 in order to preserve the company's value and shareholders' interests. Looking ahead, the company will face challenges such as changing supply relationships in the container shipping market, evolving digital supply chain ecology, and deepening the industry's green low-carbon footprint.