Jinhong Gas has released its 2015 annual report, demonstrating a satisfactory growth that outperforms the growth of the China economy.
Total revenue increased by 7.28% from RMB 517m ($78.9m) in 2014 to RMB 554m ($84.5m) in 2015, while profit attributable to shareholders of the listed company also increased more than 15% from RMB 46.3m ($7m) in 2014 to RMB 53.4m ($8.1m) in 2015.
Air gases accounted for 21.3% of total income, with synthetic gases representing 42%, specialty gases 29.5% and other operations contributing 7.2%.
The contribution of specialty gases has shown a particular increase, with Jinhong noting that there is a general trend for specialty gases to be produced locally in order to avoid the long lead times of overseas supply (including two months of customs clearance and approval) and to take advantage of lower costs.
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