Summary by Futu AI
Changjiang Infrastructure Group Co., Ltd. (“Changjiang Infrastructure”) recorded solid results in 2013, with net profit of HK$8 billion, up 4% year-on-year. Excluding one-time gains, net profit actually increased by 12%. Operating cash flow also hit an all-time high of HK$86 billion. The company is in good financial condition, ample cash and low debt ratio. It has HK$133 billion in cash and a net debt to total capital ratio of 7.7%. Changjiang Infrastructure has been awarded an “A/ Stable” credit rating by Standard & Poor's. The Board proposes to distribute a final dividend of HK$1.8 per share and a total dividend of HK$5.5 per share for the full year, an increase of twenty-seven consecutive years. If approved by the Annual...Show More