Summary by Futu AI
Xinyi Glass Holdings Limited announces its final results for the year ended 31 December 2023. For the year, the company generated revenues of HK$26,798.5 million, an increase of 4.1% over the previous year; equity holders made a profit of HK$5,365.1 million, an increase of 4.6%. Basic earnings per share were HK129.2 cents, an increase of 2.1%. The Board of Directors proposed a final dividend of HK37.0 cents per share, an increase of 68.2% from HK$22.0 cents last year. The company improves operational efficiency and achieves reasonable levels of profitability in a global market environment. The company's financial position is stable, with cash and bank deposits of HK$3,426.6 million, a liquidity ratio of 1.20 and a net capital and debt ratio of 13.3%. The company will continue to invest in R&D, improve product quality and develop new products, and seek opportunities for global expansion.