Ningbo Fubong released its annual report showing that in 2023, the company achieved operating revenue of 329 million yuan, an increase of 8.59% year-on-year; and the net profit attributable to shareholders of the listed company was 16 million yuan, a decrease of 90.82% year-on-year. The significant reduction in net profit was mainly due to the sharp decline in non-recurring gains and losses caused by the change in the fair value of 2.5% equity of China Paper Industry in 2023 compared with the previous year.
In 2023, the company's aluminum processing business and trading sector achieved stable operation overall, with the aluminum processing business achieving sales revenue of 131 million yuan, an increase of 17.42% year-on-year; and the trading business achieving sales revenue of 198 million yuan.
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