On the evening of April 25, Hongtong Gas released its first quarter report for 2024.
The report shows that the company achieved operating income of approximately 462 million yuan in the first quarter, a year-on-year increase of 40.54%; net profit attributable to the parent company was 2.1442 million yuan.
The company is a professional natural gas operator focusing on the field of clean transportation energy supply. Its main business is the production, processing, storage, transportation and sales of LNG and CNG, as well as the sales of residential, commercial and industrial natural gas.
Among them, the LNG products operated by the company are mainly used as fuel for logistics heavy trucks, and CNG is mainly used as fuel for family cars, taxis, city buses, etc.
In recent years, as the infrastructure in the western region has been increasingly improved with the support of national policies, the transportation conditions that previously restricted the company\’s business development are gradually improving, laying a good foundation for the company\’s sustainable development.
Against the backdrop of the central government\’s aid to Xinjiang and the acceleration of strategic energy exchanges under the \”One Belt and One Road\” strategy, the company has made full use of the advantages of rich resource reserves in the key areas of the Western Development, responded to the overall strategic layout of the joint construction of the \”One Belt and One Road\”, taken the lead in planning, and further tapped potential market space.
(Wang Jianing)
