ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
May 10, 2019 12:52 JST
Source:
Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited Announces First Quarter Results for the Three Months Ended 31 March 2019
Net Profit Attributable to the Owners Increased by 252.2% to HK$13.1 Million
HONG KONG, May 10, 2019 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246) together with its subsidiaries (collective namely the "Group") today announces that the first quarter results for the three months ended 31 March 2019 ("the Current Period"). Revenue of the Group for the Current Period amounted to approximately HK$134.8 million, representing an increase of approximately 98.7% year-on-year. Net profit and total comprehensive income attributable to the owners of the Company also recorded over 252.2% increase to approximately HK$13.1 million. The increase of revenue and net profit attributable to the owners of the Company were mainly contributed by the significant increase in revenue from the New energy business as generated from the trading of Liquefied Natural Gas during the Current Period. Basic and diluted earnings per share for the Current Period were both HK$0.37 cents, as compared to both HK$0.11 cent in the Corresponding Period.
During the Current Period, the Group is mainly focusing on providing new energy related services and operating LNG stations in Tianjin, the PRC. With the kick off of LNG trading in the fourth quarter of 2018, the New energy business revenue was mainly derived from the trading of LNG in the Current Period. During the Current Period, the Group managed to finish a number of heat supply consultancy projects and coal-to-gas construction contracts. Moreover, The Group is fostering a long term relationship with Tractebel Engineering S.A. ("Tractebel") and Tianjin Jinre Heat-Supply Group Co. Ltd ("Jinre Group") which may enable the Group to partner with strong industry elites for any possible cooperation in areas of technological and infrastructure-related business in the New energy industry.
Looking forward, the Group will gradually seek to expand the proportion of LNG trading segment, which is the main revenue source for the New energy business in the Current Period. The Group will continue to devote efforts and resources into the New energy segment to seize further business expansion. Given the high potentials in the LNG business, the Group will speed up the pace of development in the LNG supply via identifying suitable LNG suppliers (including overseas suppliers) and delivering the LNG products. Additionally, the Group has taken further steps in securing other new engineering projects, consultancy projects and even actively looking to pursue new partnerships and collaboration projects in areas of LNG trading, in particular the partnership with Tractebel, one of the world's largest engineering and consultancy companies.
The Group will always continue to look for opportunities to venture into business relating to New Energy business in order to expand the business and market coverage and ultimately to build it into a leading diversified and integrated new energy service provider in the Greater China Region.
Zhonghua Gas Holdings Limited
Zhonghua Gas Holdings Limited is principally engaged in provision of diverse integrated new energy services including technological development, construction and consultancy services in relation to heat supply and coal-to-natural gas conversion, operation of liquefied natural gas stations, coupled with trading of new energy related industrial products. The Group is also engaged in the property investment business.
Media Contacts:
Angel Yeung
Jovian Communications Ltd
Tel: +852 2581 0168
Email:
news@joviancomm.com
Source: Zhonghua Gas Holdings Limited
Sectors: Daily Finance, Energy, Alternatives, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
DOCOMO to Launch "NTT DOCOMO GLOBAL" for Global Expansion
May 10, 2024 18:13 JST
Release of "Fugaku-LLM" - a large language model trained on the supercomputer "Fugaku"
May 10, 2024 12:20 JST
Paltalk, Inc. Reports Slight Increase in Revenue and 33% Reduction in Net Loss for First Quarter 2024
May 09, 2024 20:39 JST
Honda Opens New R&D Facility in Bengaluru to Accelerate Electrification in India
May 09, 2024 14:13 JST
Fujitsu introduces "explainable AI" for use in genomic medicine and cancer treatment planning
May 09, 2024 10:41 JST
Mitsubishi Heavy Industries Increases Dividends on Back of Historically High FY2023 Results, Releases FY2024 Guidance
May 08, 2024 14:27 JST
Rome becomes the first European city to offer open loop transit payments to JCB Cardmembers
May 08, 2024 12:00 JST
NEC X Invests in Public Safety Startup Multitude Insights, Scaling AI-Powered Collaboration and Information Sharing for Law Enforcement
May 08, 2024 10:24 JST
ServiceNow and Fujitsu announce strategic commitment to launch innovative cross-industry solutions
May 08, 2024 08:52 JST
Fujitsu launches mainframe modernization automation service for the Japanese market
May 07, 2024 17:53 JST
MHI Agrees to Collaborate with Chiyoda Corporation for Licensing of CO2 Capture Technologies
May 07, 2024 13:49 JST
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
More Latest Release >>
Related Release
Zhonghua Gas Holdings Limited Announces Signing Strategic Cooperation Agreement with Jiangsu Shagang Group for Expanding Liquefied Natural Gas Filling Station and Pipeline Gas Supply Business
September 15 2021 08:51 JST
Zhonghua Gas Holdings Limited Announces Completion of the Subscription Agreement of Issuance of Convertible Bonds Amounting to HK$97,800,000
November 18 2020 10:18 JST
Zhonghua Gas Holdings Limited Proposed Issue of Convertible Bonds in the Principal Amount of HK$97,800,000
November 03 2020 09:00 JST
Zhonghua Gas Holdings Limited Announces First Quarter Results for the Three Months Ended 31 March 2020
May 13 2020 09:36 JST
Zhonghua Gas Holdings Limited Announces 2019 Annual Results
March 31 2020 12:50 JST
Zhonghua Gas Holdings Limited Announces Results for the Nine Months Ended 30 September 2019
November 13 2019 09:27 JST
Zhonghua Gas Holdings Limited Announces Signed MOU on LNG Cooperation with Shenergy (Group)'s Wholly-Owned Subsidiary Shenergy Jiulian Group
October 25 2019 09:29 JST
Zhonghua Gas Holdings Limited Announces Audited Results for the Six Months Ended 30 June 2019
August 13 2019 09:27 JST
Zhonghua Gas Holdings Limited Announces Positive Profit Alert
July 31 2019 09:00 JST
Zhonghua Gas Holdings Limited Announces Positive Profit Alert for 2019 First Quarter
April 26 2019 10:30 JST
More Press release >>