Jiahua Energy's net profit in 2023 fell by 26.21% year-on-year
Source: Digbei.com 
83,524 
April 2, 2024, 11:32 AM
On March 29, Jiahua Energy (600273) recently released its 2023 annual report. During the reporting period, the company achieved operating income of 8,774,132,405.76 yuan, a year-on-year decrease of 23.72%; net profit attributable to shareholders of listed companies was 1,179,654,814.04 yuan, a year-on-year decrease of 26.21%.
During the reporting period, the net cash flow from operating activities was 312,659,306.24 yuan, and the net assets attributable to shareholders of the listed company were 9,886,123,704.73 yuan.
In 2023, the total steam consumption of chemical companies in the park where the company is located will increase slightly compared with the same period. Due to the linkage between steam business and coal prices, coal prices fell during the reporting period, resulting in a decline in the unit price of steam sales. The annual sales revenue was 1.857 billion yuan, a decrease of 14.58% from the same period last year. During the reporting period, there was insufficient demand for sulfonated pharmaceutical products and downstream industries, competition continued to intensify, and product prices remained low. The company's sulfonated pharmaceutical series achieved annual sales revenue of 449 million yuan, a decrease of 33.32% from the same period last year. nbsp;
The announcement disclosure shows that the profit distribution plan or the plan for converting provident fund to share capital approved by the resolution of the board of directors for the reporting period is based on the total share capital on the equity registration date at the time of the company's 2023 annual profit distribution, deducting the shares in the repurchase account, and providing a cash dividend of 2 yuan (including tax) for every 10 shares. No bonus shares will be paid, nor will capital reserve be converted into share capital. The remaining undistributed profits are carried forward to the next year.
Jiahua Energy is a high-tech enterprise committed to building a circular economy as its core development model. The company conducts industrial layout around the upstream and downstream of its main business and achieves comprehensive development and efficient utilization of resources and energy through circular economy. Source: Digbei.com
During the reporting period, the net cash flow from operating activities was 312,659,306.24 yuan, and the net assets attributable to shareholders of the listed company were 9,886,123,704.73 yuan.
In 2023, the total steam consumption of chemical companies in the park where the company is located will increase slightly compared with the same period. Due to the linkage between steam business and coal prices, coal prices fell during the reporting period, resulting in a decline in the unit price of steam sales. The annual sales revenue was 1.857 billion yuan, a decrease of 14.58% from the same period last year. During the reporting period, there was insufficient demand for sulfonated pharmaceutical products and downstream industries, competition continued to intensify, and product prices remained low. The company's sulfonated pharmaceutical series achieved annual sales revenue of 449 million yuan, a decrease of 33.32% from the same period last year. nbsp;
The announcement disclosure shows that the profit distribution plan or the plan for converting provident fund to share capital approved by the resolution of the board of directors for the reporting period is based on the total share capital on the equity registration date at the time of the company's 2023 annual profit distribution, deducting the shares in the repurchase account, and providing a cash dividend of 2 yuan (including tax) for every 10 shares. No bonus shares will be paid, nor will capital reserve be converted into share capital. The remaining undistributed profits are carried forward to the next year.
Jiahua Energy is a high-tech enterprise committed to building a circular economy as its core development model. The company conducts industrial layout around the upstream and downstream of its main business and achieves comprehensive development and efficient utilization of resources and energy through circular economy. Source: Digbei.com