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Revenue of Huaibei Mining Industry in 2023 is 733.Namcocoin87 million yuanNamcocoinYear-on-year growth of 6.26%, net profit of 6.225 billion yuan, down 11.21%, commercial coal output decreased by 4.06%, coke output increased by 2.22%, and it is proposed to pay out 10 yuan for every 10 shares.

Text of news flash

[Huaibei Mining (600985) 2023 revenue increased 6.26%, net profit decreased 11.21%] Huaibei Mining recently released its annual report for 2023, during the reporting period, the company achieved operating income of 73387453635.51 yuan, up 6.26% from the same period last year. However, the net profit attributed to shareholders of listed companies was 6224512656.29 yuan, down 11.21% from the same period last year.

During the period, commercial coal production decreased by 4.06% to 21.9734 million tons, while coke production increased by 2.22% to 3.771 million tons. In addition, methanol production rose 40.16% year-on-year to 527700 tons, but the average sales price decreased from the previous year.

The total remuneration of the company's directors, supervisors and senior managers during the period is 12.4736 million yuan. GE Chungui, a director and general manager, received a total pre-tax compensation of 1.1724 million yuan, while Qiu Dan, a director, financial official, deputy general manager and secretary to the board of directors, received 967700 yuan.

The profit distribution plan passed by the board of directors shows that Huaibei Mining will pay a cash dividend of 10 yuan for every 10 shares based on the total share capital on the date of registration of equity distribution. As of March 26, 2024, the total share capital of the company is 2651786518 shares, and the total cash dividend is expected to be 2651786518.00 yuan, accounting for 42.60% of the net profit of shareholders belonging to listed companies in 2023. No bonus shares will be given this year, and no capital accumulation fund will be implemented to increase share capital.

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