Summary by Futu AI
HUA RUN CONSTRUCTION MATERIALS TECHNOLOGY (CR BLDG MAT TEC) ANNOUNCED 2023 RESULTS, WITH REVENUE DOWN 12.9% COMPARED TO 2022, REPORTING RMB255 BILLION; COMPANY OWNERS' PROFIT FELL SHARPLY BY 60.1% TO RMB6.44 BILLION. Basic earnings per share fell to RMB0.092 from RMB 0.231 in 2022, and the proposed final dividend per share also fell from HK$0.009 to HK$0.006. Total assets increased slightly by 1.3% to RMB727.92 billion; the Company's owners' shareholders' equity increased slightly by 0.6% to RMB441.09 billion. Borrowing increased to 36.9% and net assets per share increased slightly to RMB6.32. The consolidated comprehensive income statement shows that annual profit was RMB6.19 billion, other comprehensive expenses were RMB4,017 million, and total annual income was RMB5.78 billion. Faced with the challenges of slowing economic growth and reduced construction activity, the Group will continue to drive green development and actively adjust its business structure to respond to market changes.