"Performance" Seazen's annual net profit is 393 million RMB, down 19.9%
Seazen (01030.HK) announced its full-year results for the year ended December last year, with a revenue of RMB 53.136 billion, a year-on-year decrease of 40.4%. The net profit was RMB 393 million, a year-on-year decrease of 19.9%; earnings per share were 6 cents. No dividend was declared.
Gross profit was approximately RMB 12.401 billion; the gross profit margin was 23.3%, an increase of 6.5 percentage points year-on-year.
The total borrowings amounted to approximately RMB 54.758 billion, a year-on-year decrease of 5.15%; the weighted average cost of borrowing was 5.81%, a year-on-year decrease of 0.07 percentage points. The net debt to equity ratio was 58.3%
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