Gelonghui, March 27, 丨 Shougang Resources (00639.HK) announced that for the year ended December 31, 2023, the Group recorded operating income of about HK$5.891 billion, a year-on-year decrease of about HK$2,324 million or 28% from the previous year's approximately HK$8.215 billion. The decline in operating income was mainly due to a 20% year-on-year reduction in the average realized sales price of fine coking coal and a 7% year-on-year decline in coking coal sales, along with the negative impact of the average RMB exchange rate against the Hong Kong dollar falling by about 4.6% year on year.
The Group recorded net profit of approximately HK$2,301 million, a year-on-year decrease of about 30%, and profit attributable to company owners of about HK$1,889 million, a year-on-year decrease of about 30%. The Board recommended a final dividend of HK18 cents per common share for the year 2023.
The Group's original coking coal production in this year was about 5.25 million tons (2022: about 5.25 million tons), maintaining the same level as last year; while fine coking coal production was about 3.25 million tons (2022: about 3.23 million tons), a slight increase of 1% year-on-year.