According to Zhitong Finance App, Shanghai and Nanjing Co., Ltd. (300669.SZ) released its 2023 annual report. The company's operating income was 376 million yuan, down 7.12% year on year; net profit attributable to shareholders of listed companies was 485.8854 million yuan, down 6.24% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 46.6913 million yuan, up 8.12% year on year; basic earnings per share were 0.2521 yuan/share. It is proposed to distribute a cash dividend of 1.2 yuan (tax included) for every 10 shares to all shareholders.

During the reporting period, in the face of market challenges such as declining demand for shock absorber products and increased price competition, the company maintained “innovation-leading” development strength. All cadres and employees made concerted efforts and full management cooperation to overcome the impact of various adverse factors. On the one hand, it stabilized the fundamentals of performance through safety gear products, and on the other hand, actively analyzed and judged the market competition situation, adjusted sales strategies in a timely manner, and organized strategic discussions to actively face future market challenges.