Mingzhi Technology (688355.SH) released its 2023 annual report. During the reporting period, the company achieved an operating income of 5...
Zhitong Finance App News, Mingzhi Technology (688355.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 533 million yuan, a year-on-year decrease of 12.92%; net profit attributable to shareholders of listed companies was 146.635 million yuan, a year-on-year decrease of 60.40%; non-recurring net profit and loss attributable to shareholders of listed companies deducted 6.058 million yuan per share; basic earnings per share were 0.12 yuan/share.
The company plans to pay a cash dividend of 4.0 yuan (tax included) to all shareholders for every 10 shares based on the total share capital registered on the share registration date of the equity distribution and no bonus shares for every 10 shares.
Affected by the downturn in the global economic environment, the impact of weak downstream demand in the market has not completely dissipated. Competition in the industry intensified, causing the company's sales to fall short of expectations. Among them, the decline in sales revenue from aluminum alloy castings was the main reason for the decline in the company's revenue.