According to the Zhitong Finance App, Huada New Materials (605158.SH) released its 2023 annual report. During the reporting period, the company achieved revenue of 7.579 billion yuan, a year-on-year decrease of 6.57%. Achieved net profit of 334 million yuan attributable to shareholders of listed companies, an increase of 65.28% over the previous year. Achieved net profit of 313 million yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies, an increase of 61.13% over the previous year. Basic earnings per share were $0.65. It is proposed to distribute a cash dividend of 0.20 yuan (tax included) per share to all shareholders.

According to the report, the year-on-year increase in net profit attributable to shareholders of listed companies was mainly due to an increase in sales volume during the reporting period, and the comprehensive impact of prices increased current profit; the year-on-year decrease in net cash flow from operating activities was mainly due to an increase in payment of maturing notes during the reporting period; the year-on-year increase in earnings per share was mainly due to an increase in net profit during the reporting period.