Yingde Gases Group Company Limited
YINGDE GASES: Announced Its 2015 Interim Results
For Immediate Release 11 August 2015 YINGDE GASES GROUP COMPANY LIMITED Announced Its 2015 Interim Results
(Hong Kong – 11 August 2015) Yingde Gases Group Company Limited (“Yingde Gases” or the “Group”, HKSE stock code: 02168), is pleased to announce the interim results of the Group for the six months ended 30 June 2015.(the “Reporting Period”) During the reporting period, the total revenue of our Group amounted to RMB3,799 million, representing a 3.4% increase as compared with RMB3,673 million for the same period in 2014. The increase was mainly attributable to the increase in revenue from our on-site gas supply operation caused by 4 additional production facilities commencing operating from the second half of 2014, although the growth in gross profit was partially offset by the decline in merchant unit-price. To review the 2015 interim results, Yingde Gases commented, “Affected by the global industrial production which remained sluggish in the first half of 2015, the growth in demand for China’s domestic industrial consumer goods slowed down, resulting in a lower growth rate of chemical, metallurgy and other industries. Meanwhile, the overcapacity situation in related industries remained unresolved. It is expected that macroeconomic will remain flat in the second half of 2015 while the demands in industrial gases remain stable.” As at 30 June 2015, our Group had a total of 65 facilities in operation and 14 facilities under development. The total installed capacity amounted to 1,812,300 Nm3/hr in terms of installed oxygen capacity, representing an increase of 7.8% as compared with the corresponding period last year. During the period under review, our Group sold 11,495 million Nm3 of industrial gases, representing a growth of 2.6% as compared with the corresponding period last year. The total sales volume of oxygen products, nitrogen products and argon products were 5,187 million Nm3, 4,918 million Nm3 and 106 million Nm3, respectively. It is expected that the total installed capacity will exceed 2,100,000 Nm3/hr by 2017 upon completion of all facilities under development. On-site Gas Supply Operation On-site gas supply accounted for approximately 88.1% of the revenue of our Group. It is mainly contributed by customers from the steel, chemical and non-ferrous metals industries. In order to secure a stable stream of income, it is our Group’s policy to enter into long-term on-site gas supply contracts including a take-or-pay clause and minimum gas supply commitment with customers selected through stringent process. Merchant Gas Operation Prospects About Yingde Gases Group Company Limited ~ END ~ This press release is issued by Yingde Gases Group Company Limited. End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=XHEKHBHEMJ Document title: YINGDE GASES: Announced Its 2015 Interim Results Key word(s): Quarter Results 11/08/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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