Hubei Heyuan Gas Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 26, 2023 at 06:46 am EDT
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Hubei Heyuan Gas Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 405.6 million compared to CNY 302.7 million a year ago. Revenue was CNY 405.6 million compared to CNY 302.7 million a year ago.
Net income was CNY 30.62 million compared to CNY 25.84 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to CNY 0.16 a year ago. Diluted earnings per share from continuing operations was CNY 0.19 compared to CNY 0.16 a year ago.
Hubei Heyuan Gas Co., Ltd. is a China-based company mainly engaged in the research and development, production and sales of various types of gases, as well as industrial exhaust gas recovery and recycling businesses. The Company provides three types of products, including ordinary gas, specialty gas and clean energy. The Company's main gas products include medical oxygen, industrial oxygen, food nitrogen, industrial nitrogen, argon, hydrogen, helium, liquefied natural gas, carbon dioxide, acetylene, propane and various mixed gases. The Company's gas products mainly meet the gas and clean energy needs of chemical, food, energy, lighting, home appliances, steel, machinery, agriculture and other basic industries, as well as photovoltaic, communications, electronics and medical industries. The Company distributes its products within domestic market, with Hubei as its main market.
HUBEI HEYUAN GAS CO.,LTD. 
