According to Zhitong Finance App News, China News Group (601512.SH) disclosed its 2023 annual report. The company achieved revenue of 3,657 billion yuan during the reporting period, a year-on-year decrease of 22.89%. Net profit attributable to shareholders of listed companies was 1,362 billion yuan, a year-on-year decrease of 15.29%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 1,177 billion yuan, a year-on-year decrease of 20.16%. Basic earnings per share were 0.91 yuan/share. It is proposed to distribute a cash dividend of RMB 2.73 (tax included) for every 10 shares.
During the reporting period, in terms of park development and operation, the floor area of the current period was reduced, and revenue declined. The development cost of this phase of the park's development and operation project was high, and gross margin decreased compared to the same period last year. In terms of green development, revenue from utilities and environmental emission reduction businesses declined in the current period, while the green power generation business is still in the early stages of layout, causing the sector's overall revenue and profit to decline compared to the same period last year.