Glonghui, March 27 | China Merchants China Fund (00133.HK) announced that the profit attributable to shareholders for the year ended December 31, 2023 was US$5.73 million, while the previous year recorded a loss attributable to shareholders of US$153.17 million. The main reason for turning loss into profit and profit was a sharp decline in the overall value of financial assets taken into account at fair value, while investment income increased significantly compared to the previous year. The Group's net asset value as of December 31, 2023 was US$557.94 million (December 31, 2022: US$571.57 million) and net asset value per share was US$3.663 (December 31, 2022: US$3.752).

The net loss on financial assets for the year was $9.03 million, compared to the net loss of $19.78 million in the previous year. Among them, the Group's listed and unlisted investment projects recorded net losses of US$62.7 million and net earnings of US$53.67 million respectively.

Annual investment income increased by 28.75% over the previous year to US$19.12 million (2022: US$14.85 million), mainly due to a significant increase in dividend income from investment projects.

The Board of Directors has decided to recommend the payment of a final dividend of 7 cents or HK$0.546 per share (2022:7 cents per share) and a special dividend of 1 cent or HK$0.078 per share (2022: none) for the year ended 31 December 2023 at the annual general meeting of shareholders to be held. If approved, the final and special dividends will be paid in cash on July 26, 2024. The full year dividend will be 8 cents or HK$0.624 per share (2022:7 cents).