2024-04-26-港交所-华津国际控股_2023年报_123页_3mb

Huajin International Holdings Limited (華津國際控股有限公司) is a Cayman Islands exempted company with an H.K. stock code of 2738. Its annual report for 2023 shows significant business expansion in its metal processing segment in Mainland China. Revenue increased by 41.3% YoY to RMB 6.59 billion, driven by higher sales volumes (+53.5%) and improved gross margin (4.5%).

Key developments include:

1. Construction of a new Huajin Metal Industry Park with a 30,000 DWT wharf project expected completion in 2024
2. Significant property, plant and equipment investments (RMB 389.2 million)
3. First-year net profit of RMB 85.7 million after a RMB 165.3 million loss in 2022
4. No interim dividends proposed
5. Tangible progress on the wharf project, with three berths already completed

The Board provides governance oversight through various committees, and management highlights the strategic importance of the wharf development for future revenue diversification. Financial metrics show net gearing ratio of 4.43x (up from 3.56x) and an 18.9% dividend yield. The majority of operations continue to be concentrated in Mainland China (approx. 99.5% sales).