Summary by Moomoo AI
In 2024, JINYUAN HCHEM's revenue increased by 33.1% to 3.102 billion RMB, mainly benefiting from the increase in hydrogenated phenolic Chemicals production capacity from 200,000 tons to 400,000 tons in the fourth quarter of 2023, driving sales up by 46.9% to 353,000 tons. However, due to rising raw material prices and adjustments in the consumption tax on non-aromatic sales, the group turned from profit to loss, recording a loss attributable to Shareholders of 16.04 million RMB.In the Energy products division, LNG production remained at 71,000 tons, but under the impact of a 5.5% decline in average selling prices, along with a 12.7% drop in gas sales due to reduced supply from Jinma Group, division revenue fell by 7.3% to 0.604 billion RMB. However, due to an improvement of approximately 5.2% in LNG...Show More
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