By Victor Leung2016-03-28T00:02:00+01:00
Dalian Longyuan Gas Company Limited (Longyuan Gas) has been approved to be listed in the National Equities and Exchange Quotations (NEEQ), also called the New Third Board in China.
Based in Dalian, Liaoning Province in Northern China, Longyuan Gas was established in January 2003 with its business mainly in the manufacture, sales and distribution of industrial and specialty gases.
As reported, the company’s revenues in 2013, 2014, and from January to July 2015 were RMB 29.79m ($4.5m approx.), RMB 29.95m ($4.6m), and RMB 14.81m ($2.2m), respectively, with net profit standing at RMB 3.16m ($485,000), RMB 3.01m ($462,000) and RMB 1.08m (165,000), respectively.
As the second-largest economy in the world, the policies and plans that the China government announced at the Fourth Session of the 12th National People’s Congress perhaps provide some hints for the development trend of what is now the second-largest industrial gas market.
Encouraging performances have been reported across the Chinese industrial gas and equipment community, with the recent fiscal releases of various companies.
When we profiled the North Pacific industrial gases business last year, we noted how in 2018 the region had for the first time in history eclipsed the size of the European market to become the second-largest industrial gas market in the world, at a value of almost $20bn.
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