Four of China’s industrial gas companies listed in the stock market have released their results for the first half of 2017 – and their increased profits may reflect a positive trend of the industry.
Suzhou Jinhong Gas
As one of the largest domestic industrial gas companies in China, Suzhou Jinhong Gas reports a total revenue of RMB 394.57m ($59.98m), a 30% increase in for the first half of 2017, compared with RMB 302.79m ($46.02m) of the corresponding period in 2016. Although the gross profit of the report period has dropped marginally by 2% to 39%, the net profit has increased substantially by 94% to RMB 27.18m ($4.131m). Net profit attributable to shareholders has even increased by 111% from RMB 12.80m ($1.95m) in the first half in 2016 to RMB 27.06m ($4.11m) in the first half of 2017.
Of the operating revenue, bulk gas business accounts for RMB 141.27m ($21.47m) and specialty gases business RMB 143.80m ($21.86m), whereas clean energy accounts for RMB 73.38m ($11.15m).
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