The Zhitong Finance App learned that China Metallurgical (01618) fell by more than 4%. As of press release, it fell 4.19% to HK$1.6, with a turnover of HK$74.824,900.
According to the news, China Metallurgical announced its 2023 annual results. The group obtained operating income of 633.87 billion yuan (RMB, same below) during the period, an increase of 6.95%; net profit attributable to shareholders of listed companies was 8.67 billion yuan, a year-on-year decrease of 15.63%; basic income per share was 0.33 yuan; and a final dividend of 0.72 yuan per 10 shares was proposed. Furthermore, according to the company's estimates, impairment reserves of RMB 8.949 billion will be calculated in 2023.
According to CITIC Construction Investment Securities, in the fourth quarter, the company achieved revenue of 166.55 billion yuan, a year-on-year decrease of 14.9%, and realized net profit of 490 million yuan, a year-on-year decrease of 86.4%. The company's revenue and orders grew steadily, and performance declined due to significant impairment of accounts receivable and inventory. The amount of new contracts signed by the company for the year was 1424.78 billion yuan, an increase of 6.0% year on year. Among them, the amount of new contracts signed overseas increased by 43.7% year on year, achieving a high growth rate.