According to the Zhitong Finance App, Fenmei Packaging (00468) announced its 2023 results. Revenue decreased by about 3.1% to approximately RMB 3,817 million, net profit after tax increased by about 33.9% to approximately RMB 244 million, basic and diluted earnings per share of $0.18, and recommended final dividend of HK$0.06 per share and a special dividend of HK$0.04 per share.
The announcement stated that the decline in earnings was mainly due to a decrease in sales volume. The increase in net profit was mainly due to customer base optimization, exchange rate fluctuations, and lower freight costs. The company continues to optimize its product portfolio, find qualified alternative suppliers and improve production efficiency, while striving to expand its market share and take various measures to deal with difficult situations. The company's management will continue to seize the growth of the sterile packaging industry and explore potential business opportunities to further enhance shareholder returns.