Summary by Moomoo AI
China Lien Plastics Group Holdings Limited announced its annual report for the year ended 31 December 2023 with revenues of RMB308.68 billion and net profit of RMB23.2 billion. The Company proposes to pay a final dividend of HK$0.20 per share, pending approval by the 2024 Annual General Meeting. The plastic piping systems business continues to be the primary revenue source, accounting for 79.6% of total revenue. The Group's investments in joint ventures such as Emerging Aluminum and Coda are expected to create long-term business synergies. The Group's investment properties are valued at RMB91.89 billion and capital expenditures are approximately RMB59.99 billion, mainly for investments in automation facilities and solar installations. The Group has a total debt of RMB206.96 billion, maintaining a healthy capital structure and ample...Show More