Zhonghua Gas Holdings Limited Announces Results for the Nine Months Ended 30 September 2019
2019年11月13日 - 10:43AM
JCN Newswire
Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246)
together with its subsidiaries (collective namely the "Group")
today announces that the results for the nine months ended 30
September 2019 ("the Current Period"). For the Current Period,
total revenue from continuing operations recorded a stable
year-on-year increase of over 38.2% from HK$186.5 million to
HK$251.4 million. Contribution from the New Energy Business has
taken up over 99.8% of total revenue for the both period in 2018
and 2019. Profit attributable to the owners of the Company slightly
dropped by 0.7% to HK$37.9 million as compared to the Corresponding
Period. Basic and diluted earnings per share for the Current Period
were HK$1.08 cent (2018: HK$1.11 cent) and HK$1.06 cent (HK$1.10
cent) respectively.
During the Current period, revenues were primarily generated from
Liquefied Natural Gas ("LNG") supply and consultancy services in
new energy related construction work which accounted for
approximately 67.6% and 32.2% of the Group's total revenue
respectively.
Entering the last quarter of 2019, the Group is executing strategic
plans to expand the business scope and scale of the LNG supply
business which has been growing to be one of the key revenue
drivers since late 2018. The Group hope to seize further business
expansion with extra efforts placed in LNG supply to reach out
beyond Tianjin to any potential regions in the PRC; via working
closely with local and international LNG suppliers for achieving a
diversified product portfolio; and setting up new joint ventures to
reinforce LNG supply during the heat supply period and enhance our
capability through mergers and acquisitions to cater to any future
business needs.
The Group has signed a Memorandum of Understanding ("MOU") with
Shanghai Jiulian Group (the "Jiulian Group") on cooperation in area
of LNG in October 2019 to form a 60:40 Joint Venture to co-explore
end users market in Yangtze River Delta region for maximizing the
edges of LNG resources of Jiulian Group while end users resources
of the Group. This cooperation enables the Group to expand the
scope of its LNG business, and secure the supply of LNG resources,
and expand its business to the high potential market in the Yangtze
River Delta region. Jiulian Group is a wholly owned subsidiary of
Shenergy (Group) Co., Ltd. (the "Shenergy Group") which is a Top
500 enterprises in the PRC and a member company of State-owned
Assets Supervision and Administration Commission of Shanghai
("Shanghai SASAC"). Shenergy Group is an investor and contractor
for Shanghai's major energy infrastructure as well as supplier for
major energy including electricity and gas. In 2018, the scale of
its LNG operation reached 9 billion cubic meters, accounting for
more than 90% of the market share in Shanghai.
The Group also intends to identify opportunities to develop the
construction related and consultancy business, which is also one of
the Group's major revenue of sources currently. It 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 diversified and integrated new energy services including
technological development, construction related and consultancy
services in relation to heat supply and coal-to-natural gas
conversion, supply of Liquefied Natural Gas, 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
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