Liaogang Co., Ltd. (601880.SH) disclosed its 2023 annual report, and the company achieved revenue of 12 in 2023...
According to the Zhitong Finance App, Liaogang shares (601880.SH) disclosed the 2023 annual report. The company achieved revenue of 12.22 billion yuan in 2023, up 0.43% year on year; net profit to mother of 1,343 billion yuan, up 1.93% year on year; after deducting non-net profit of 1.3 billion yuan, up 5.76% year on year; basic earnings per share were 0.055993 yuan. The company plans to distribute a cash dividend of 0.191 yuan (tax included) for every 10 shares to all shareholders.
In 2023, the Group's container, oil, passenger, etc. business volume increased steadily, and cost control effects were evident, which was the main reason for the increase in profits; however, the decline in the bulk goods business volume, the decline in the performance of joint ventures operating in the oil, chemical, cold chain, food, etc., and the increase in impairment losses limited the increase in profit. Under the combined influence, the Group's net profit attributable to the parent company increased 1.9% year over year.
In 2023, the Group's revenue increased by 52,407,166.41 yuan over the same period last year, up 0.4%, mainly due to the increase in container, oil, passenger rolls, etc. However, due to continued losses in the steel industry, bulk goods business volume such as ore and steel declined, and the decline in container logistics service businesses such as shipping export agents and automobile import parts limited the increase in revenue.