According to Zhitong Finance App News, Lianrui New Materials (688300.SH) disclosed its 2023 annual report. The company achieved revenue of 712 million yuan in 2023, an increase of 7.51%; net profit to mother of 174 million yuan, a year-on-year decrease of 7.57%; deducted non-net profit of 150 million yuan, an increase of 0.21%; and basic earnings per share of 0.94 yuan. The company plans to distribute a cash dividend of 5 yuan (tax included) for every 10 shares to all shareholders.
During the reporting period, facing a business environment such as weak demand in the global terminal market in the first half of the year and a steady recovery in downstream demand in the second half of the year, the company actively promoted the transformation and upgrading of the product structure, and the share of high-end products increased. Compared with last year, operating income has increased; net profit has declined compared to last year due to factors such as increased R&D expenses, reduced exchange earnings, and increased depreciation expenses.