Zhongxin Jingwei, April 25 -- On the 25th, Guanghui Energy disclosed its results, and its net profit in the first quarter fell by more than 70%.
According to the announcement, in the first quarter of 2024, Guanghui Energy's operating income will be about 10.041 billion yuan, a year-on-year decrease of 49.44%, and the net profit attributable to shareholders of listed companies will be about 807 million yuan, a year-on-year decrease of 73.15%. Regarding the decline in performance, the company said that it was mainly affected by the decline in commodity prices, the decrease in sales of natural gas and coal chemical products and the decline in sales prices.
Source: Announcement
According to the data, Guanghui Energy transformed into a professional energy development enterprise in 2012, and is a private enterprise that currently has three resources of "coal, oil and gas" at home and abroad. It has built a comprehensive energy industry system with liquefied natural gas (LNG), methanol, coal, coal tar and ethylene glycol as the main products, the coal chemical industry chain as the core, and the energy logistics as the support.
In terms of business, Guanghui Energy's natural gas sales in the first quarter decreased by 44.12% year-on-year. Regarding the industry situation, the company said that since 2024, in the context of concerns about the risk spillover of geopolitical conflicts, the global economic recovery process has been slow, and the impact of high temperatures in the first quarter has led to the high inventory of major natural gas consumption areas in the world, the easing of supply and demand has not been effectively improved, and international natural gas prices have continued to fall.
In the coal sector, the total sales volume was 9.0183 million tons, a year-on-year increase of 1.97%. According to the company, the global coal market fluctuated in the first quarter, the supply remained loose, and coal prices continued to fall. Domestically, the macro economy is stabilizing and rebounding, industrial production is recovering well, seasonal coal demand is relatively strong, and coal consumption is growing steadily year-on-year. Under the background of a slight year-on-year decline in national coal production, coal imports maintained a slight year-on-year growth, the overall supply was relatively sufficient, the market supply and demand relationship gradually weakened, and the coal market price center shifted downward.
On the same day, Guanghui Energy also announced that the demonstration project of green electricity hydrogen production and hydrogen energy integration was put into trial operation.
The trial operation showed that on March 16, the hydrogen analysis purity of the hydrogen refueling station of the hydrogen energy demonstration project reached 99.998%, reaching the standard of hydrogen for vehicle fuel. On April 20, the hydrogen energy demonstration project water electrolysis hydrogen production unit was successfully started at one time, producing qualified hydrogen with a hydrogen purity of 99.992%.
Source: Announcement
Guanghui Energy said that the hydrogen energy demonstration project is an application demonstration project integrating new energy power generation + water electrolysis hydrogen production + hydrogen storage + hydrogen refueling station + hydrogen fuel heavy truck built according to the company's hydrogen energy industry development plan. The project is expected to produce 660 tons of hydrogen per year after it is put into operation, which can reduce carbon dioxide emissions by 5,800 tons per year, which can not only carry out demonstration research on green hydrogen cost control and hydrogen energy transportation application simultaneously, but also make positive contributions to the carbon emission reduction of the company's coal chemical industry chain in the long-term application of hydrogen energy "production, storage and transportation". (Sino-Singapore Jingwei APP)