Summary by Moomoo AI
XINYI GLASS'S FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 SHOWED THAT THE COMPANY'S REVENUE REACHED HK$26,798.5 MILLION, AN INCREASE OF 4.1% YEAR-ON-YEAR. Shareholders' retained earnings also increased to HK$5,365.1 million, up 4.6%. Basic earnings per share were HK129.2 cents, higher than last year's 126.6 cents. THE COMPANY PROPOSES TO PAY A FINAL DIVIDEND OF HK37.0 CENTS PER SHARE. In its business review, Xinyi Glass noted that the results of the second half of 2023 improved due to the measures taken by the Chinese government to ensure the completion of real estate projects. However, the automotive glass, building glass and float glass businesses face the challenges of inflation, rising interest rates and geopolitical conflicts. In terms of financial condition, the company has...Show More