On March 28, CIMC Group, a world leading supplier of logistics and energy equipment, announced its audited results for the year ended December 31, 2022.
FY2022 Key Highlights
Total revenue was RMB141.5 billion, maintaining above RMB 100 billion level. Net profit attributable to shareholders and other equity holders of the Company after deducting non-recurring profit or loss was RMB 4.28 billion, the second highest performance in history
— Total revenue was RMB141.5 billion, a decrease of 13.54% YoY; The share of domestic income rose steadily to 51.5 percent.
— The gross profit was RMB21.6 billion and the gross profit margin was 15.28%.
— The operating profit was RMB7.505 billion, a decrease of 44.29% YoY.
— Net profit attributable to shareholders and other equity holders of the Company was RMB3.219 billion , a decrease of 51.70% YoY; Net profit attributable to shareholders and other equity holders of the Company after deducting non-recurring profit or loss was RMB4.28 billion , the second highest level in history.
— The consolidated asset-liability ratio decreased from 63% to 57%, mainly due to disposal of CIMC Financial Leasing and absorption of minority shareholders’ funds by subsidiaries.
— The final dividend of 2022 is planned to be RMB 1.8 (tax included) per 10 shares, and the dividend payout ratio is maintained at 30%.
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Source: Benzinga
