TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), an energy provider in the People’s Republic of China (the ”PRC” or “China”), announces that the Company has filed its unaudited interim consolidated financial results for the three-month period ended March 31, 2025. The unaudited condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) can be downloaded from www.seda ...

Financial Performance - Revenue for the year ended December 31, 2024, was RMB520.0 million (approx. CAD99.0 million), an increase of RMB86.0 million (approx. CAD16.2 million), or 20%, from RMB434.0 million (approx. CAD82.8 million) in 2023 [3] - Gross profit in 2024 was RMB134.6 million (approx. CAD25.6 million), an increase of RMB15.3 million (CAD2.8 million) or 13% from RMB119.3 million (approx. CAD22.8 million) in 2023, with a gross profit margin of 25.9%, down from 27.5% in 2023 [4] - Net profit for 2024 was RMB16.9 million (approx. CAD3.2 million), an increase of RMB13.9 million (approx. CAD2.6 million) from RMB3.0 million (approx. CAD0.6 million) in 2023, reflecting a 467% increase [5] - EBITDA for 2024 was RMB103.9 million (approx. CAD19.8 million), an increase of RMB31.7 million (approx. CAD6.0 million), or 44%, from RMB72.2 million (approx. CAD13.8 million) in 2023 [7] Business Transformation - CF Energy has transitioned from a traditional natural gas company to a district energy solutions provider, with the Sanya Haitang Integrated Smart Energy Project now operational and expanding its customer base [8] - The company operates a battery swap station network, aiming to test the viability of district energy storage through this initiative, enhancing its expertise in storage-related technology [9] - The company envisions a smart energy centralized cooling system for hotels and battery swap stations, functioning as a virtual power plant to provide grid services such as peak shaving and load balancing [10][22] Strategic Outlook - The company aims to become the largest clean energy service solutions provider and carbon asset management company in Hainan, recognizing the need to evolve beyond being a natural gas distributor [12] - CF Energy is developing a distributed smart energy ecosystem that integrates various energy storage technologies and energy management systems to enhance sustainability and efficiency [13][17] - The company is working on integrating a demand response system to optimize energy usage during peak periods, allowing for real-time monitoring and control of energy flows [23]