Summary by Futu AI
China Hongqiao Group Co., Ltd. (“China Hongqiao”) announced its annual results for the year ended 31 December 2023 with revenues of approximately RMB1336 billion, an increase of approximately 1.5% year-on-year; gross profit of approximately RMB209 billion, an increase of approximately 14.9% year-on-year; annual profit of approximately RMB125 billion, an increase of approximately 27.4% year-on-year; The company's shareholders accounted for a net profit of approximately RMB114.6 million, a year-on-year increase of approximately 31.7%; basic earnings per share of approximately RMB1,2095, an increase of approximately 29.2% year-on-year. The Board of Directors proposes to pay a final dividend of HK$29 cents per share and a cumulative dividend of HK$63 cents per share for the full year. The asset-liability ratio decreased by approximately 1.2 percentage points from last year to approximately 47.0%. The company maintains a sound financial position and continuously optimizes its capital structure.