JINHONG GAS(SH:688106)2024-12-02 09:24Company Overview - Jin Hong Gas Co., Ltd. was established in 1999 and listed on the Sci-Tech Innovation Board in 2020 with stock code 688106, specializing in integrated gas solutions [2] - The company adheres to a vertical and horizontal development strategy, focusing on technology to become a leading gas service provider [3] Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of CNY 1.858 billion, a year-on-year increase of 4.37% [3] - The net profit attributable to shareholders was CNY 210 million [3] - As of September 30, 2024, total assets amounted to CNY 6.920 billion, reflecting a growth of 10.91% compared to the end of the previous year [3] Core Competitiveness - The company possesses a highly experienced team in on-site gas production, with strong technical and management capabilities [4] - It has a competitive advantage in pricing by adapting to different projects and collaborating with suitable manufacturers [4] - Brand recognition in key market areas enhances customer confidence [4] Project Management - For large on-site gas projects, the company evaluates local gas demand and future potential to optimize liquid surplus configuration, enhancing overall profitability [4] - Capacity utilization rates for large projects vary based on client ramp-up and market conditions, with fixed costs unaffected by utilization rates [4] Market Outlook - The market for specialty gases is expected to expand due to rapid developments in industries like semiconductors and new application scenarios [5] - The company has successfully integrated markets in the Jiangsu, Zhejiang, and Shanghai regions, with steady performance improvements [5] Future Growth Strategies - Upcoming projects in electronic bulk gas and on-site gas production are anticipated to stabilize and increase revenue [6] - Continuous investment in construction projects and deepening international trade partnerships along the Belt and Road Initiative will further enhance business scope and performance [6]