Jinjian Rice Industry (600127.SH) released its 2023 annual report. The company achieved 48 operating income during the reporting period...
According to Zhitong Finance App News, Jinjian Rice Industry (600127.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 4.868 billion yuan, a year-on-year decrease of 24.08%; net profit attributable to shareholders of listed companies was 286.594 million yuan, which turned a year-on-year loss into a profit; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 17.5892 million yuan; basic earnings per share were 0.0447 yuan/share.
The main reason for the increase in profit: (1) During the reporting period, the company's overall gross margin increased 1.68 percentage points year on year, and gross profit increased by 36.76 million yuan year on year due to a decrease in the company's procurement costs for edible raw oil and changes in revenue structure. (2) During the reporting period, in order to further improve management efficiency, the company optimized and adjusted the organizational structure, etc., and strengthened accounts receivable and inventory management, reduced the usage amount of bank loans, improved the efficiency of fund management, etc., and reduced sales expenses, management expenses, and financial expenses by 44.59 million yuan over the same period. (3) During the reporting period, the company's investment losses and fair value change losses in participating companies decreased by 7.14 million yuan over the same period last year.