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Sinosteel Luonai realized revenue of 25% in 2023CryptogalagamesThe asset-liability ratio of .1.2 billion yuan is 44.76%, which is the lowest level in history. On the evening of April 25th, Sinosteel Luonai (688119) disclosed its 2023 annual report. During the reporting period, the company achieved operating income of 2.512 billion yuan, realizing the net belonging to shareholders of listed companies.

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Sinosteel Luonai achieved revenue of 2.512 billion yuan in 2023 with an asset-liability ratio of 44.76%, the lowest level in history. On the evening of April 25, Sinosteel Luonai (688119) disclosed its annual report for 2023, and the company achieved operating income of 2.512 billion yuan during the reporting period. the net profit belonging to the shareholders of the listed company is 70.0351 million yuan, the total assets are 5.669 billion yuan, and the debt ratio is 44.76%, which is the lowest level in history. According to reports, Sinosteel's core business is the research and development, manufacture, sales and service of medium and high-end refractories. There are 8 series and more than 200 varieties of refractory products, including siliceous products, magnesia products, high-alumina products, composite products, high-purity oxide products, etc., which are widely used in many high-temperature fields, such as iron and steel, non-ferrous metals, petroleum and coal chemical industry, national defense and military industry. According to the annual report, the company's core main business is refractories, with an operating income of 1.921 billion yuan and a gross profit margin of 18.26% during the reporting period, followed by engineering technology and services, with an operating income of 362 million yuan and a gross profit margin of 15.32%. At the same time, the company's share of overseas sales further increased, with revenue up 18.26% over the previous year. During the reporting period, the company invested 136 million yuan in R & D expenses, and the proportion of R & D expenses to revenue was basically the same as that of the previous year. Around the company's core technology and main products, 123 new patents were applied and 92 patents were granted. By the end of the reporting period, the company had a total of 544 patents. In terms of project construction, the annual output D was completed and trial production was carried out during the reporting period, and the completion and acceptance of the project is being actively promoted.CryptogalagamesThe project with an annual output of 90,000 tons of new refractories, of which: the project of "production line of 40,000 tons of high temperature ceramic new composite refractories" has been ignited and debugged, and the project acceptance is being promoted; the design of the project of "10,000 tons of metal composite new refractories" is being deepened; and the construction of the "New Materials Research and Development Center" project has been started. The self-built project "Ultra High temperature Tunnel Kiln for Special Ceramics" and the "production Line of New High temperature functional Materials with an annual output of 100000 tons" have been ignited and put into production one after another; accelerated the implementation of the technical renovation project, organized and implemented the "carbon material processing and preparation technology research-graphite box plate processing verification line" project, and completed as scheduled; completed the local transformation of the 10,000 ton silicon mud production line, and further improved the production efficiency. Looking to the future, Sinosteel Luonai will continue to focus on the vision of "becoming a global leader in the high-temperature non-metallic material industry", adhere to the mission of "focusing on scientific and technological innovation and value creation, and driving the high-quality development of the high-temperature non-metallic material ecosystem". We will thoroughly implement the relevant requirements for the reform and development of state-owned enterprises, focus on improving the core competitiveness and strengthening the core functions of state-owned enterprises, with value creation as the core. Relying on scientific and technological innovation, based on high-temperature industry, expanding strategic emerging material industry, creating inorganic non-metallic material system integration, comprehensive configuration and system solution service provider for high-temperature industry and original technology source of high-temperature non-metallic materials, leading the green, low-carbon, sustainable and high-quality development of high-temperature non-metallic materials industry, and committed to becoming a scientific and technological enterprise with more innovative ability and market value. On the same day, the company also disclosed the profit distribution plan, which intends to distribute a cash dividend of RMB 0.32 yuan (including tax) to all shareholders for every 10 shares, and a cash dividend of RMB 36 million yuan (including tax), accounting for 51.40% of the net profit attributed to shareholders of listed companies in 2023. (Qin Sheng) proofreading: Yang Lilin