According to the Zhitong Finance App, Wuhan Holdings (600168.SH) disclosed its 2023 annual report. The company achieved revenue of 3.103 billion yuan in 2023, up 7.24% year on year; net profit to mother was 145 million yuan, up 1908.64% year on year; after deducting non-net profit loss of 257 million yuan, a year-on-year increase; basic earnings per share were 0.2 yuan. The company plans to distribute a cash dividend of 0.62 yuan (tax included) to all shareholders for every 10 shares, increasing 4 shares for every 10 shares.
The company's net profit attributable to shareholders of listed companies in 2023 was 144.702 million yuan, an increase of 1908.64% over the previous year. The main reason is that part of the state-owned land use rights of Erlangmiao Factory, a subsidiary of the company's subsidiary Drainage Company, was taken back for a fee by the Municipal Land Storage Center in 2023, and the company confirmed asset disposal income of 462.384 million yuan in accordance with the relevant provisions of corporate accounting standards.
The company's net profit attributable to shareholders of listed companies in 2023, after deducting non-recurring profit and loss, was 256.5307 million yuan, a year-on-year decrease of 972.29%. The main reasons were: first, an increase in credit impairment losses due to accounts receivable; second, an increase in the company's financial expenses due to increased bank loans; and third, depreciation expenses increased due to the completion and transformation of the company's various sewage treatment plant renovation and expansion projects.