Summary by Moomoo AI
GEELEY AUTOMOBILE HOLDINGS LIMITED (THE “COMPANY”) ANNOUNCES ITS CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013. During the year, the Group's total revenue increased by 21% to RMB1,792 billion; net profit was RMB49.4 billion, up 6% year-on-year. Excluding interests of non-controlling shareholders, the profit attributable to equity holders of the Company was RMB53.1 billion, an increase of 1% year-on-year. Total deliveries of the Group's new energy vehicles reached 487,461 vehicles, an increase of 48% year-on-year and 29% sales. The Board of Directors proposes to pay a final dividend of HK$0.22 per ordinary share, subject to shareholder approval at the Annual General Meeting on 31 May 2014. The Group continued to maintain good operating cash flow during the year, with total cash levels (bank balances and cash plus restricted bank deposits) increasing by 13% at year-end 2013 to RMB379.6 billion. The Group's total borrowings decreased by 44% to RMB61 billion. As of the end of 2013, the Group's financial position remained stable.