Zhenyang Development's 2023 revenue of 2.115 billion yuan and net profit of 249 million yuan
Source: Digbei.com 
84,609 
April 12, 2024, 11:40 AM
On April 11, Zhenyang Development (603213) recently released its 2023 annual report. During the reporting period, the company achieved operating income of 2,114,638,756.34 yuan, a year-on-year decrease of 17.48%; net profit attributable to shareholders of listed companies was 248,832,193.78 yuan, a year-on-year decrease of 34.42%.
The net cash flow from operating activities during the reporting period was 47,272,019.28 yuan, and the net assets attributable to shareholders of listed companies as of the end of 2023 were 1,775,055,112.56 yuan.
In 2023, due to changes in the market environment, the decline in product sales prices will reduce revenue more than the decrease in costs. Therefore, the net profit attributable to shareholders of the listed company and the net profit attributable to shareholders of the listed company net of non-recurring gains and losses in 2023, basic earnings per share, diluted earnings per share, and basic earnings per share after deducting non-recurring gains and losses decreased compared with the previous year.
The announcement disclosure shows that based on the total share capital on the equity registration date of the implementation of the equity distribution, a cash dividend of 2.82 yuan (including tax) will be distributed to all shareholders for every 10 shares using the profits available for distribution to shareholders, and a total cash dividend of 122,613,600.00 yuan (including tax) will be distributed. This profit distribution does not involve bonus shares or conversion of capital reserve into share capital.
Zhenyang Development's main business is the research and development, production and sales of chlor-alkali related products. The existing caustic soda production capacity is 350,000 tons/year, chlorinated paraffin production capacity is 70,000 tons/year, sodium hypochlorite production capacity is 200,000 tons/year, and MIBK production capacity is 20,000 tons/year, ECH production capacity is 40,000 tons/year, and hydrogen production capacity is 8,750 tons/year. Source: Digbei.com
The net cash flow from operating activities during the reporting period was 47,272,019.28 yuan, and the net assets attributable to shareholders of listed companies as of the end of 2023 were 1,775,055,112.56 yuan.
In 2023, due to changes in the market environment, the decline in product sales prices will reduce revenue more than the decrease in costs. Therefore, the net profit attributable to shareholders of the listed company and the net profit attributable to shareholders of the listed company net of non-recurring gains and losses in 2023, basic earnings per share, diluted earnings per share, and basic earnings per share after deducting non-recurring gains and losses decreased compared with the previous year.
The announcement disclosure shows that based on the total share capital on the equity registration date of the implementation of the equity distribution, a cash dividend of 2.82 yuan (including tax) will be distributed to all shareholders for every 10 shares using the profits available for distribution to shareholders, and a total cash dividend of 122,613,600.00 yuan (including tax) will be distributed. This profit distribution does not involve bonus shares or conversion of capital reserve into share capital.
Zhenyang Development's main business is the research and development, production and sales of chlor-alkali related products. The existing caustic soda production capacity is 350,000 tons/year, chlorinated paraffin production capacity is 70,000 tons/year, sodium hypochlorite production capacity is 200,000 tons/year, and MIBK production capacity is 20,000 tons/year, ECH production capacity is 40,000 tons/year, and hydrogen production capacity is 8,750 tons/year. Source: Digbei.com