According to the Zhitong Finance App, Wuxi Zhenhua (605319.SH) disclosed the 2023 annual report. The company achieved revenue of 2,317 billion yuan in 2023, up 23.19% year on year; net profit to mother was 277 million yuan, up 71.23% year on year; after deducting non-net profit of 266 million yuan, up 266.43% year on year; basic earnings per share were 1.11 yuan. The company plans to distribute a cash dividend of 3.8 yuan (tax included) for every 10 shares to all shareholders.

During the reporting period, demand for production and sales increased mainly in the automotive industry. The company's revenue from the stamping parts business, assembly processing business, and selective precision electroplating processing business all increased dramatically. Among them, the gross margin of the stamping parts business and the sub-assembly processing business increased significantly compared to last year, which in turn led to a sharp rise in net profit for the current period (before and after) compared to the same period last year. At the same time, earnings per share (before and after) and weighted average return on net assets (before and after) both rose sharply compared to the same period last year.