On March 22, Ge Longhui Industrial (01962.HK) announced that for the year ended 31 December 2023, the company's revenue was HK$979.2 million, down 11.0% from HK$1,100.4 million for the year ended 31 December 2022. The gross margin for the year was 23.8%, up 0.4 percentage points from 23.4% for the year ended December 31, 2022. Net profit for the year was HK$48.2 million, down from HK$58.3 million for the year ended 31 December 2022.
The board of directors has recommended the payment of a final dividend of HK2.9 cents per share for the year, plus an interim dividend of 4.2 HK cents per share that has been declared and paid, bringing the total dividend to HK7.1 cents per share (2022: final dividend of 3.7 HK cents per share and interim dividend of 1.7 HK cents per share). The dividend payout ratio for the year is approximately 99.2% (2022:63.5%).