China Salt Chemical's net profit in 2023 fell by 38.24% year-on-year
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April 18, 2024, 11:48 AM
On April 17, China Salt Chemical (600328) recently released its 2023 annual report. During the reporting period, the company achieved operating income of 16,100,784,350.12 yuan, a year-on-year decrease of 15.46%; net profit attributable to shareholders of listed companies was 1,151,714,659.19 yuan, a year-on-year decrease of 38.24%.
During the reporting period, the net cash flow from operating activities was 1,587,019,275.22 yuan, and the net assets attributable to shareholders of the listed company were 12,113,892,552.13 yuan.
During the reporting period, the company achieved operating income of 16,100,784,350.12 yuan, a year-on-year decrease of 15.46%; net profit attributable to shareholders of listed companies was 1,151,714,659.19 yuan, a year-on-year decrease of 38.24%. The main reasons were as follows: First, during the reporting period, main products such as soda ash and polyvinyl chloride were affected by market factors, and their prices dropped significantly year-on-year; Second, the production and sales of soda ash products decreased by 7% year-on-year.
The announcement disclosed 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 was audited by Lixin Certified Public Accountants (Special General Partnership). As of December 31, 2023, the undistributed profit at the end of the period in the statement of the company's parent company was RMB 4,230,729,898.66. According to the resolution of the board of directors, the company plans to distribute profits in 2023 based on the total share capital registered on the equity registration date of the implementation of equity distribution.
The company plans to distribute a cash dividend of 0.274 yuan (tax included) per share to all shareholders. As of December 31, 2023, the company's total share capital is 1,472,224,789.00 shares, based on which the total cash dividend to be distributed is 403,389,592.19 yuan (including tax). The proportion of the company's cash dividends (including the cash dividends distributed in the medium term) this year was 35.03%.
Zhongyan Chemical is a production enterprise mainly focusing on salt chemicals. It mainly specializes in basic chemical products represented by soda ash, caustic soda, PVC, paste resin, and ammonium chloride; fine chemical products represented by metallic sodium, sodium chlorate, trichloroisocyanuric acid, etc. Source: Digbei.com
During the reporting period, the net cash flow from operating activities was 1,587,019,275.22 yuan, and the net assets attributable to shareholders of the listed company were 12,113,892,552.13 yuan.
During the reporting period, the company achieved operating income of 16,100,784,350.12 yuan, a year-on-year decrease of 15.46%; net profit attributable to shareholders of listed companies was 1,151,714,659.19 yuan, a year-on-year decrease of 38.24%. The main reasons were as follows: First, during the reporting period, main products such as soda ash and polyvinyl chloride were affected by market factors, and their prices dropped significantly year-on-year; Second, the production and sales of soda ash products decreased by 7% year-on-year.
The announcement disclosed 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 was audited by Lixin Certified Public Accountants (Special General Partnership). As of December 31, 2023, the undistributed profit at the end of the period in the statement of the company's parent company was RMB 4,230,729,898.66. According to the resolution of the board of directors, the company plans to distribute profits in 2023 based on the total share capital registered on the equity registration date of the implementation of equity distribution.
The company plans to distribute a cash dividend of 0.274 yuan (tax included) per share to all shareholders. As of December 31, 2023, the company's total share capital is 1,472,224,789.00 shares, based on which the total cash dividend to be distributed is 403,389,592.19 yuan (including tax). The proportion of the company's cash dividends (including the cash dividends distributed in the medium term) this year was 35.03%.
Zhongyan Chemical is a production enterprise mainly focusing on salt chemicals. It mainly specializes in basic chemical products represented by soda ash, caustic soda, PVC, paste resin, and ammonium chloride; fine chemical products represented by metallic sodium, sodium chlorate, trichloroisocyanuric acid, etc. Source: Digbei.com