Gelonghui, April 25 | Shoucheng Holdings (0697.HK) released its annual report for the full year of 2023. Among them, its capital structure remains healthy and continuously optimized. According to the annual report, the company's asset liability ratio in 2023 fell 0.9% from the absolute value in 2023 to 25.7%; the debt-to-capital ratio was 8.0%, down 2.5% from 2022. Achieving such results is inseparable from the company's continuous optimization of the capital structure for many years. According to the 2023 Chairman's Report released by the company recently, the company repaid overseas debt of HK$448 million in 2023, and interest-bearing debt fell to HK$793 million, a decrease of 24%; the interest-bearing debt ratio was only 5.9%, down 1.8 percentage points from 7.7% in 2022. This also means that Shoucheng Holdings has successfully reduced its dependence on debt financing, thereby gaining more flexibility in management decisions. In 2023, the company successfully issued its first parking asset REIT and also set up two 10 billion funds. These measures have effectively promoted the return of capital, and are also a reflection of the company's freedom to invest and expand its asset financing and capital operation business. It is worth noting that thanks to the company's good capital structure, Shoucheng Holdings received the main AAA rating from China Chengxin International and United Credit last year, further proving its reputation and stability in the market.