According to the Zhitong Finance App, Ganghua Smart Energy (01083) announced its annual results for the year ended December 31, 2023. The group achieved a turnover of HK$19.842 billion, a year-on-year decrease of 1.15%; profit attributable to shareholders of HK$1,575 billion, an increase of 63.21% over the previous year; basic profit per share was 47.74 HK cents, and a final dividend of HK16 cents per share was planned.

In 2023, although economic recovery fell short of expectations, the Group took a number of measures to increase adaptability and competitiveness, and the business maintained steady growth; the urban gas and renewable energy business covered 25 provinces, autonomous regions, and municipalities in mainland China.

The Group's overall gas sales volume increased significantly during the year, rising 8% to 16.5 billion cubic meters. As of December 31, 2023, the Group has implemented the development of 124 zero-carbon smart parks, with a total contract of 2.96 gigawatts and 1.8 gigawatts of grid-connected PV installed capacity. The turnover was RMB 17.915 billion, up 4.2%, but due to the exchange rate, the turnover in Hong Kong dollars decreased slightly by 1.2% to HK$19.842 billion.

Following friendly negotiations, the Group withdrew 25% of Shanghai Gas's shares and has already recovered RMB 4.663 billion of capital during the year. In the future, the two sides will continue to establish a stronger strategic partnership in the fields of natural gas resources, low-carbon energy, services and technology.