Hengtian Hailong (000677.SZ) released its 2023 annual report. The company's revenue was 1.03 billion yuan...
According to the Zhitong Finance App, Hengtian Hailong (000677.SZ) released its 2023 annual report. The company's revenue was 1.03 billion yuan, an increase of 3.94% over the previous year. Net profit attributable to shareholders of listed companies was 46.3762 million yuan, a year-on-year decrease of 6.42%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 46.032 million yuan, a decrease of 5.67% over the previous year. Basic earnings per share were $0.05.
In 2023, the polyester curtain cloth market achieved a moderate recovery, showing a strong trend of both supply and demand. The company strengthened close ties with major customers and high-quality customers, strengthened service awareness, deepened cooperative relationships, ensured increased sales volume for some old customers, and increased development of new customers and new specifications. Affected by the domestic and foreign economic situation, demand in the canvas market is weak, profit margins are shrinking, and the company promptly adjusted its sales strategy to increase the development of new specifications and high value-added canvas on the basis of stabilizing existing customers.