Jinwu Financial News | Shanghai Industrial Holdings (00363) announced that for the full year of 2023, the company's owners should account for profit of $3.424 billion (HKD, same below), an increase of 47.96% over the previous year; basic profit per share was $3.149. A final dividend of 52 cents per share is proposed.
During the period, the Group's turnover was 32,698 billion yuan, up 4.30% year on year; gross profit was 12.79 billion yuan, up 41.62% year on year. Overall gross margin increased 10.3 percentage points.
According to the announcement, the profit of the infrastructure and environmental protection business this year was 2,321 billion yuan, up 20.5% from the previous year, accounting for about 64.2% of the Group's net profit. The increase in profits was mainly due to the rapid decline in epidemic control factors since the beginning of the year, a sharp increase in toll road traffic and toll revenue, and a sharp increase in subsequent travel conditions, and a surge in travel demand.
The total net profit of the toll road/bridge business was 1,454 billion yuan, up 63.5% year on year; toll revenue was 4.41 billion yuan, up 30.1% year on year.