China: Growth seen in latest financials


Yingde Gases

The largest independent on-site gas supplier in China has announced its total revenue in 2018 was more than RMB 12.8bn ($1.9bn), 25.4% more than in 2017. EBIDTA was RMB 4.48bn ($679m), a growth of 35.3% over 2017. Net profit recorded RMB 1.2bn ($186m), 67.3% more than in 2017.

As of 31st December (2018), the group had 82 production units operating and 17 under construction, with a total installed capacity of 2,391,000 Nm3/h, a 12.3% increase over 2017. When all projects under construction now are finished by 2020, the total installed capacity will be more than 2,600,000 Nm3/h.

Revenue from on-site gas supply in 2018 was RMB 9.26bn ($1.4bn), an increase of 12.3% and accounting for 72.1% of the total revenue whilst the bulk liquid sales was RMB 2.6bn ($400m), an increase of 32.7% and accounting for 20.6% of the total revenue.

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