Jinfeng Liquor (600616.SH) disclosed its 2023 annual report, and the company achieved revenue of 5 in 2023...
According to the Zhitong Finance App, Jinfeng Liquor (600616.SH) disclosed its 2023 annual report. The company achieved revenue of 573 million yuan in 2023, a year-on-year decrease of 13.42%; net profit to mother was 105 million yuan, an increase of 1927.49%; after deducting non-net profit losses of 52.97 million yuan, a year-on-year increase; and basic earnings per share were 0.16 yuan. The company plans to distribute a cash dividend of RMB 0.5 (tax included) for every 10 shares.
Net profit attributable to shareholders of listed companies increased by 99.3824 million yuan over the same period last year, an increase of 1927.49%. The main reason was that during the reporting period, housing expropriation compensation of 200.165,800 yuan was received on central Sichuan Road. The related income was confirmed as asset disposal income and other income.
Due to slow macroeconomic recovery, competition in the rice wine industry's stock market is becoming more intense, and the company's sales are facing challenges. Revenue for the current period decreased by 13.42% compared to the same period last year. Net profit after deducting non-recurring profit and loss decreased by $55.01 million year-on-year due to reduced revenue, and net cash flow from operating activities decreased by 105.28 million yuan year-on-year.