The year 2023 coincides with the 30th anniversary of the Company. The Company's revenue and profit reached a new peak. The consolidated revenue of NT$13.525 billion hit a new record high. Benefiting from the growth of the aerospace and defense industries, the Company achieved good results against the trend of interest rate hikes.
In terms of governance, over the past few years, we have continued to enhance and refine our corporate governance measures, actively communicating with stakeholders, and with the support of sustained operational performance, we have achieved significant results. In 2023, we were ranked in the top 5% of the 10th corporate governance evaluation, were shortlisted for the best investor relations enterprise at the Taiwan investor relations awards (TIRI IR awards), saw our Taiwan Corporate Credit Risk Index (TCRI) upgrade from 5 to 4, and were included in the "2023 Taiwan Best-in-Class 100" selected by foreign investors. Our various financing efforts have also been successful, completing NT$8 billion in syndicated loans, issuing NT$5 billion in unsecured corporate bonds (CB7), and fully converting NT$3 billion CB6 unsecured corporate bonds issued in the previous year into equity. This has further enhanced our financial strength, demonstrating the positive evaluations we have received from financial, capital, and credit rating markets.
In terms of environment, the European Union's carbon border adjustment mechanism (CBAM) set for its first report in January 2024, marking a new phase in GHG management issues, regulatory requirements from domestic and foreign governments and customer demands will become increasingly stringent. GMTC has established a team to continuously monitor and discuss carbon emissions issues to address future regulatory changes and has implemented various measures internally to reduce carbon emission intensity per unit product, maintaining product competitiveness. In 2023, we received an Excellence Award in the 21st Century Foundation's "Net Zero Industry Competitiveness Excellence Award", a recognition of our attention to and continuous efforts on the issue of climate change.
In terms of social aspect, the Company continues to grow, the number of employees has increased by 1.6%, in line with our scale. The fruits of our collective efforts are shared with all employees, with a 3% salary increase for all employees at the beginning of 2023. This is reflected in the average salary and bonuses for non-managerial staff, which grew by 0.6% compared to the previous year. We are also committed to providing a safe and healthy working environment and cultivating talent. In 2023, Liuying Plant was awarded the Ministry of Health and Welfare's Healthy Workplace Certification - Healthy Startup Label Affirmation. We will continue to provide a safe and healthy workplace for employees to work with peace of mind. In response to the Taiwan Steel Group's beliefs of "gratitude, health, and hope", in terms of social involvement, the Company has invested in strengthening interactions with surrounding communities, taking care of the disadvantaged, helping each other, and supporting community development. We also continue to sponsor grassroots and professional sports events to promote sports culture, with a view to creating a harmonious and healthy society.
Looking forward to 2024, the 50-ton EAF will be commisioning. Coupled with the completion of continuous casting equipment in the future, GMTC will have different production methods and more capacity than in the past. It is not only the production unit that must change with equipment updates, but also production management scheduling, raw material procurement, and sales. There will be significant changes in the face of new challenges, only through constant revision, constant change, and continuous progress can the Company's operations continue to remain at its peak.
