By Stuart Radnedge2014-08-29T12:43:00+01:00
Kaimeite Gases in China has recently released its interim results of 2014. Total revenue has increased by 39.71% from RMB 89.37m in first half of 2013 to RMB 124.86m in first half of 2014.
Operating profit has increased by 7.68% to RMB 21.51m. Net profit attributable to shareholders of listed company has also increased by 9.18% from RMB 25.44m in first half of 2013 to RMB 27.77m in the corresponding period in 2014. Net cash flow has drastically increased 287.70% to RMB 41.78m in the report period as compared with RMB 10.77m in 2013.
The company gives a breakdown in their income by region and by products:
Income by region:
Hunan RMB 10.31m
Hubei RMB 7.45m
Anhui RMB 61.30m
Others RMB 14.31m
Income by products:
Liquid Carbon dioxide RMB 55.36m
Dry Ice RMB 3.27m
Nitrogen RMB 3.58m
Argon RMB 0.757m
Oxygen RMB 2.13m
Hydrogen RMB 20.72m
LPG RMB 29.59m
Pentane RMB 9.32m
The company commented that in the first half of 2014 it still faced a stringent economic climate, and they had adhered to the development strategies and business targets, and worked hard to overcome unfavorable results, accurately capitalised the industry development and market opportunities.
A statement from the management said, “Due to the unanimous endeavor of the management team and all the staff, the main business of the company continues to present a stable, sustainable and healthy development.”
Following the listing of Yingde Gases and Hangzhou Hangyang, Hunan Kaimeite Gases has become the latest Chinese industrial gas company to now be listed in the capital market.
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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