On March 21, Ge Longhui | Ruian Real Estate (00272.HK) announced that for the whole of 2023, despite the difficult operating environment, the Group recorded revenue of RMB 9.752 billion, net profit of RMB 1,397 billion, and profit attributable to shareholders of RMB 810 million. The Board of Directors has recommended a year-end dividend of HK$5.8 cents per share (2022: HK$6.4 cents). Together with the interim dividend of HK$3.2 cents per share, the dividend for the full year of 2023 is HK$9 cents per share (2022: HK$10).
In 2023, the Group completed and put into operation several commercial projects, including the opening of Shanghai Panlong Tiandi and Shanghai Hongshou Square. Total annual rent and related revenue (including joint ventures and associated companies) increased to RMB 3.243 billion, an increase of 16% year-on-year.