Hilong Holdings (01623) announced 2023 results, net profit of about 148.7 million yuan, an increase of 40.8% year-on-year

According to the Zhitong Finance App, Hilong Holdings (01623) announced its 2023 results, with revenue of approximately RMB 4,251.5 billion, an increase of about 38.4% over the previous year. Gross profit was approximately RMB 915.5 million, an increase of about 33.6% over the previous year. The annual profit attributable to the company's owners was approximately RMB 148.7 million, an increase of 40.8% over the previous year. Basic earnings per share were $0.0876.

According to the announcement, the increase in revenue was mainly due to increased revenue from the Oilfield Equipment Manufacturing and Services and Offshore Engineering Services segments.

Notably, the independent auditor does not express an opinion on the Group's consolidated financial statements.