Shenhuo Group: Net profit in 2023 fell by 22.07% year-on-year. Shenhuo

Published: Mar 28, 2024 09:15

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Shenhuo Group: Net profit in 2023 fell by 22.07% year-on-year. Shenhuo Group disclosed its 2023 annual report, with total operating income of 37.625 billion yuan in 2023, a decrease of 11.89% year-on-year; net profit attributable to the parent company was 5.905 billion yuan, a decrease of 22.07% year-on-year; the basic earnings per share of Shenhuo Group during the reporting period were 2.65 yuan, with a weighted average return on net assets of 33.61%. The company's proposed annual profit distribution plan for 2023 is to distribute 8 yuan (tax included) per 10 shares to all shareholders. In 2023, the company's main business revenue included 25.294 billion yuan from aluminum ingots, a decrease of 10.49% year-on-year, accounting for 67.23% of the operating income; 8.012 billion yuan from coal, a decrease of 18.92% year-on-year, accounting for 21.29% of the operating income; and 2.185 billion yuan from aluminum foil, a decrease of 16.71% year-on-year, accounting for 5.81% of the operating income.

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