Summary by Futu AI
China Gas Holdings Limited announced its financial performance for the year ending March 31, 2024. Revenue decreased by 11.5% to HKD 81,410,133,000, and gross profit decreased by 6.1% to HKD 11,304,123,000 compared to the same period last year. Adjusted net profit attributable to owners of the company decreased by 4.3% to HKD 3,965,514,000, while attributable surplus decreased by 25.8% to HKD 3,184,939,000. Basic earnings per share were HKD 0.59, a decrease of 25.8% compared to the same period last year's HKD 0.80. Despite the decline in revenue and surplus, the company's operating and free cash flows increased by 13.1% and 70.2%, respectively, indicating a good cash flow situation. The company plans to distribute a dividend of 50 Hong Kong cents per share, with a payout ratio of 84.7%. The company actively adjusted its business structure during the reporting period and maintained a sound financial condition through strict management of foreign exchange and interest rate risks.