Suzhou Jinhong Gas Co. Ltd (Jinhong Gas) will enter the New Year with a renewed buzz after recently listing on a national equities exchange in China.
After the traditional ceremony of hitting the bell three times (pictured), 3rd December saw Jinhong Gas officially listed on the National Equities Exchange and Quotations of the so-called New Third Board in Beijing.
The move comes as the company looks toward its future development; Jinhong explained via a statement that its strategy is to develop horizontally and vertically.
The company will develop more electronic specialty gases to more than 20 types to achieve a cluster effect and to achieve a one-shop-stop benefit for its customers. Jinhong Gas will also copy its successful model to other key areas, extending its reach to customers outside the 200–300km distance constrain that a gas company might typically set.
Gasworld understands the company will also install tailored onsite gas plants to supply gases 24/7 to meet the specific requirements of its core customers.
A view to 2016
Founded in October 1999, Suzhou Jinhong Gas – from its current 120,000m2 headquarters located in the Panyang Industrial Park, Huangdi Town in Xiangcheng District in the Suzhou City of Jiangsu Province of China – now has 15 years of business under its belt in the industrial gases and specialty gas market.
Starting with a small gas plant for filling cylinders, the company now operates eight branches and subsidiaries and the total value of its assets amount to RMB 709.81m (US$115m approx.).
Its product range now includes 101 types of gases, with a major focus on electronic grade specialty gases, and provides support to a wide range of industries including the semiconductor industry, the food industry and the medical sector. The company has also established a National CNAS laboratory, a Jiangsu Province Enterprise Technology Centre, and a Jiangsu Province Post-Doctorate Innovation Base.
In 2012 and 2013, the total revenue of Jinhong Gas was RMB 351m ($56.6m) and RMB 442m ($713m) respectively, with the goal to achieve revenue of RMB 968m ($156m) in 2016.