China's Qinfa (00866) announced its annual results for the year ended December 31, 2023. The group made profits during the period...
According to the Zhitong Finance App, China's Qinfa (00866) announced the results for the year ended December 31, 2023. The group achieved revenue of 3.4 billion yuan (RMB, same below) during the period, a year-on-year decrease of 9.1%; profit attributable to the company's equity holders was 200 million yuan, a year-on-year decrease of 56.12%; and the basic profit per share was 7.8 points.
According to the announcement, the Group's gross margin for the year ended December 31, 2023 was 25.5%, while the gross margin for the year ended December 31, 2022 was 33.6%. The decrease in gross margin was mainly due to a decrease in the average selling price of thermal coal.