Summary by Moomoo AI
CHINA PHARMACEUTICAL HOLDINGS LIMITED (THE “COMPANY”) ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH SALES OF RMB181 BILLION, UP 26.7% OVER THE SAME PERIOD IN 2022; NET PROFIT WAS RMB13.96 BILLION, AN INCREASE OF 93.6% COMPARED TO THE SAME PERIOD IN 2022. Basic earnings per share were RMB25.52, up 68.1% from the same period last year. The Group maintains a sound financial position with ample liquidity and no significant or indebtedness. The Board of Directors does not propose the distribution of a final dividend for the year ended 31 December 2023. The company is listed on the United Stock Exchange of Hong Kong Limited with the stock code 570. During the reporting period, the Group continued to strengthen its business segments such as Chinese Medicine Formulated Granules, Chinese Medicine and Chinese Medicine Drinks, and actively promoted brand building and market exploration. The Group announced after the reporting period that Kung Yue Yue Co., Ltd., has proposed privatization, which may result in the withdrawal of the listed status of the Company's shares.