Summary by Moomoo AI
TL Natural Gas Holdings Limited recorded a revenue of 96.28 million yuan for the fiscal year 2024, an increase of approximately 18.3 million yuan or 23.5% compared to 2023. The revenue growth was mainly due to increased demand from local Communities, leading to LNG sales contributing 51.34 million yuan, a significant increase of 112.9% from last year. However, CNG sales fell to 45.14 million yuan due to the trend of CNG Autos, including buses, taxis, and private cars, gradually shifting towards electric vehicles.The group's net loss for the year narrowed significantly by 57.5% to 9.89 million yuan from 23.26 million yuan in 2023. The reduction in loss was mainly due to the impairment loss of about 14.34 million yuan recognized for prepaid property in Malaysia in 2023, which was not present in...Show More
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