By Victor Leung2018-09-13T15:05:00+01:00
Yingde Gases has released its interim report for the first half of 2018.
Total revenue is more than RMB 5.6bn ($831.6m), 19.5% more than the same period last year. Net profit is RMB 900m ($133.7m), 70.5% more than the same period last year.
The company also announced that the total installed capacity has reached 2,255,900 Nm3/h as of 30th June (2018) and will achieve 2,500,000 Nm3/h in 2020 when all the projects under construction are completed.
Onsite supply accounts for 77.9% of the total revenue – RMB 4.4bn ($653.4m) – and merchant sales is RMB 1.2bn ($173.8m), representing 20.5% of the total revenue, increasing by 63.7%.
Air Products has signed cooperation and equipment supply agreements with Beijing Sinoscience Fullcryo Technology Co. (Fullcryo) to accelerate the development of hydrogen (H2) infrastructure and support China’s first, commercial-scale liquid H2-based fuelling station.
Four of China’s industrial gas companies have released their results for the first half of 2018.
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