According to the Zhitong Finance App, Kangli International Holdings (06890) announced the results for the year ended December 31, 2023. The group achieved revenue of 1,928 billion yuan (RMB, same below) during the period, an increase of 29.24%; profit attributable to shareholders was 774.46 million yuan, and losses due to shareholders were 31.253 million yuan during the same period last year, turning a year-on-year loss into a profit; basic profit per share was 0.13 yuan.
According to the announcement, the sales volume of rolled hard coils in this year was about 25,900 tons, up about 42.1% from the previous year, and the sales volume of galvanized products for the year ended December 31, 2023 was about 304,700 tons, an increase of about 38.6% over the previous year. Overall sales increased by about 38.9% this year. The average selling price of different products decreased by about 6.8% to 7.9%, while the overall average selling price decreased by about 7.0% from the previous year. The sharp increase in sales this year was mainly due to increased sales.