China General Number (688009.SH) issued 2023 annual results, with a net profit of 3.477 billion yuan attributable to its parent, down 4.30 from the same period of last year. It is planned to send 1.70 yuan for every 10 shares.
DATE:  Mar 26 2024

China General Number (688009.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 37.002 billion yuan, a year-on-year decrease of 7.96; net profit attributable to shareholders of listed companies was 3.477 billion yuan, a year-on-year decrease of 4.30; attributable to The net profit of shareholders of listed companies after deducting non-recurring gains and losses was 3.266 billion yuan, a year-on-year decrease of 4.41; basic earnings per share was 0.32 yuan per share.

After deliberation and approval at the 20th meeting of the fourth board of directors, the company plans to distribute profits based on the total share capital registered on the date of equity distribution in 2023. The profit distribution plan is as follows: the company plans to distribute cash dividends of RMB 1.70 (including tax) to all shareholders for every 10 shares, of which domestic shareholders pay in RMB and H-share shareholders in Hong Kong dollars, the exchange rate of the Hong Kong dollar is converted at the average closing price of the relevant foreign exchange published by the People's Bank of China for the three working days prior to the announcement of the dividend.

in 2023, the company further strengthened its leading position in operation and made every effort to seize the market. the total amount of new contracts signed in the whole year was 73.121 billion yuan, up 0.15 from the same period in 2022, of which: 25.112 billion yuan in railway field, up 5.01 percent from the same period last year; 13.18 billion yuan in urban rail field, up 3.91 percent from the same period last year; 3.74 billion yuan in overseas fields, up 45.18 percent from the same period last year; and 31.089 billion yuan in general contracting and other fields, down 8.11 percent. By the end of 2023, the company had orders in hand of 168.831 billion yuan.

during the reporting period, in terms of basic and forward-looking research, the company completed the construction of the research and test platform for the electromagnetic environmental effects of rail transit, laying an important foundation for the offline effect test of pantograph-catenary and the verification of protection technology, overcoming the technical problems of pantograph-catenary offline discharge with high power (high voltage and high current) simultaneous output and multi-physical quantity controllable, and building the first 1:1 large-scale test platform in China, the research on the electromagnetic characteristics and test methods of pantograph-catenary offline interference under the condition of power frequency, high voltage and high current, and the research on anti-interference technology of signal system under the electromagnetic environment of 400 km/h high-speed railway have been carried out. The research and development of low vacuum tube ultra-high speed maglev operation control system has been carried out, the research and development of zoned operation control system and cabin-borne operation control system has been completed, the first stage test of Shanxi Datong yang high-high speed test line, and second stage.

"electromagnetic environment effect and electromagnetic safety railway industry engineering research center" and "high-speed railway operation environment intelligent monitoring railway industry engineering research center" have become the railway industry science and technology innovation bases recognized by the national railway administration. To carry out SIL4 safety cloud platform technology research, has completed interlocking products and urban rail side product requirements and technical scheme research, is carrying out cloud platform development, it breaks through the massive heterogeneous, multi-environment, multi-protocol device access and management technology, and achieves the connection and data access capability of 100,000-level devices.

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