Amounts expressed in millions of Renminbi (except for data per share and items specifically stated)
| For the year ended 31 December 2023 |
For the year ended 31 December 2022 |
Change | |
| OPERATING RESULTS | |||
| Revenue | 69,031 | 53,491 | +29.1% |
| EBIT | 2,845 | 2,251 | +26.4% |
| EBITDA | 3,448 | 3,006 | +14.7% |
| Profit for the year | 1,766 | 1,407 | +25.5% |
| Profit attributable to owners of the Company | 1,069 | 827 | +29.3% |
| FINANCIAL POSITION | |||
| Net cash from operating activities | 2,476 | 5,148 | -51.9% |
| Cash position * | 12,575 | 12,407 | +1.4% |
| Borrowings | 15,315 | 15,257 | +0.4% |
| Equity attributable to owners of the Company | 18,139 | 17,867 | +1.5% |
| Working capital | 11,249 | 10,899 | +3.2% |
| Bills receivables | 1,769 | 1,990 | -11.1% |
| Trade receivables | 9,698 | 8,066 | +20.2% |
| Inventories | 9,894 | 8,947 | +10.6% |
| KEY RATIOS | |||
| Gross profit margin (%) | 14.0% | 15.3% | -1.3pp |
| EBIT margin (%) | 4.1% | 4.2% | -0.1pp |
| EBITDA margin (%) | 5.0% | 5.6% | -0.6pp |
| Profit margin (%) | 2.6% | 2.6% | - |
| ROE (%) | 5.9% | 4.6% | +1.3pp |
| Debt to equity (%) ** | 67.3% | 69.7% | -2.4pp |
| Current ratio (times) | 1.3x | 1.3x | - |
| Trade receivables turnover period (days) *** | 57 days | 76 days | -25.0% |
| Inventories turnover period (days) *** | 60 days | 71 days | -15.5% |
| DATA PER SHARE | |||
| Earnings per share – Basic (RMB cents) | 43.15 | 31.97 | +35.0% |
| Earnings per share – Diluted (RMB cents) | 43.15 | 31.95 | +35.1% |
| Dividend per share (HK cents) | 8.0 | 3.0 | +166.7% |
| Book value per share (RMB cents) | 945.89 | 846.89 | +11.7% |
| SHARE INFORMATION AT FINANCIAL YEAR END | |||
| Skyworth Group Limited (shares are listed in Hong Kong, stock code: 00751) | |||
| Number of shares in issue (million) | 2,406 | 2,585 | -6.9% |
| Market capitalisation (HK$ million) | 7,169 | 8,660 | -17.2% |
| Skyworth Digital Co., Ltd. (shares are listed in Shenzhen, stock code: 000810) | |||
| Number of shares in issue (million) | 1,150 | 1,150 | - |
| Market capitalisation (RMB million) | 18,070 | 16,034 | +12.7% |
| * | Cash position refers to pledged and restricted bank deposits, cash and cash equivalents |
| ** | Borrowings/total equity |
| *** | Calculation based on average inventory; average sum of bills receivables and trade receivables |
