According to the Zhitong Finance App, the Shanghai-Hong Kong Joint (01001) announced the annual results for the year ended March 31, 2023. The group earned revenue of HK$2,658 billion during the period, a decrease of 5.3%; shareholders' profit of HK$82,846 million, an increase of 26.5% over the previous year; basic profit of HK$12.94 cents per share; and plans to pay a final dividend of HK1.5 cents per share.
The announcement said that despite the difficult economic environment, the Group is still committed to maintaining its highly cost-effective steel procurement mechanism, improving steel processing efficiency, improving its leasing strategy, and implementing a number of cost control measures. As a result, the Group once again handed over its ideal performance this year. Affected by the severe epidemic and the high base effect of last year, the Group's revenue fell slightly by 5.3% year-on-year.