According to the Zhitong Finance App, Ruifeng New Materials (300910.SZ) released its 2023 annual report. The company's revenue was 2,816 billion yuan, a decrease of 7.57% over the previous year. Net profit attributable to shareholders of listed companies was 606 million yuan, up 3.12% year on year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 569 million yuan, an increase of 3.30% over the previous year. Basic earnings per share were $2.63. In addition, it is proposed to distribute a cash dividend of 13 yuan (tax included) for every 10 shares to all shareholders.

According to the announcement, downstream customers increased their procurement volume based on supply chain security and stable supply risks last year, which led to a slight decline in the company's revenue during the reporting period due to inventory removal.