Hubei Yihua's net profit in 2023 fell by 79.06% year-on-year
Source: Digbei.com 
79,312 
April 15, 2024, 11:31 AM
On April 12, Hubei Yihua (000422) recently released its 2023 annual report. During the reporting period, the company achieved operating income of 17,042,037,265.76 yuan, a year-on-year decrease of 17.72%; net profit attributable to shareholders of listed companies was 453,146,283.51 yuan, a year-on-year decrease of 79.06%.
During the reporting period, the net cash flow from operating activities was 1,626,449,159.93 yuan, and the net assets attributable to shareholders of the listed company were 6,574,480,657.91 yuan.
Through the guidance of incentive policies, the company focuses on rewards for the market development of "specialized, specialized and innovative" products, and actively explores two international markets in China, deeply explores the potential of high-priced markets and high-priced industries, actively promotes new logistics, expands the proportion of direct sales, and strengthens In-depth cooperation with major strategic customers to stabilize the fundamentals of operations. At the same time, we actively study and judge market conditions, appropriately carry out current-based and band-based operations to ensure that grains return to positions and maximize profits.
The announcement disclosure shows that the company's profit distribution plan reviewed and approved by the board of directors is: based on the total share capital of 1,057,866,712 shares as of December 31, 2023, a cash dividend of 3.20 yuan (tax included) will be distributed to all shareholders for every 10 shares, and 0 bonus shares (tax included) will be paid, and the provident fund will not be converted into share capital.
Hubei Yihua belongs to the chemical raw materials and chemical products manufacturing industry, which is subdivided into the chemical fertilizer industry (the main products are urea and diammonium phosphate) and the chemical industry (including chlor-alkali products such as polyvinyl chloride and caustic soda, and fine chemical products such as pentaerythritol, trimethylolpropane, sodium hydroxide, and PBAT). Source: Digbei.com
During the reporting period, the net cash flow from operating activities was 1,626,449,159.93 yuan, and the net assets attributable to shareholders of the listed company were 6,574,480,657.91 yuan.
Through the guidance of incentive policies, the company focuses on rewards for the market development of "specialized, specialized and innovative" products, and actively explores two international markets in China, deeply explores the potential of high-priced markets and high-priced industries, actively promotes new logistics, expands the proportion of direct sales, and strengthens In-depth cooperation with major strategic customers to stabilize the fundamentals of operations. At the same time, we actively study and judge market conditions, appropriately carry out current-based and band-based operations to ensure that grains return to positions and maximize profits.
The announcement disclosure shows that the company's profit distribution plan reviewed and approved by the board of directors is: based on the total share capital of 1,057,866,712 shares as of December 31, 2023, a cash dividend of 3.20 yuan (tax included) will be distributed to all shareholders for every 10 shares, and 0 bonus shares (tax included) will be paid, and the provident fund will not be converted into share capital.
Hubei Yihua belongs to the chemical raw materials and chemical products manufacturing industry, which is subdivided into the chemical fertilizer industry (the main products are urea and diammonium phosphate) and the chemical industry (including chlor-alkali products such as polyvinyl chloride and caustic soda, and fine chemical products such as pentaerythritol, trimethylolpropane, sodium hydroxide, and PBAT). Source: Digbei.com