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Furenan Energy: Report for the third quarter of 2024
Foran Energy Group (002911.SZ) released its performance for the first three quarters, with a net income of 0.462 billion yuan, a year-on-year increase of 6.23%.
Foran Energy Group (002911.SZ) released the third quarter report of 2024. In the first three quarters, the company achieved revenue...
Foran Energy Group (002911.SZ): The net income in the first three quarters was 0.462 billion yuan, a year-on-year increase of 6.23%.
On October 25, Foran Energy Group (002911.SZ) announced its third quarter report for 2024, achieving revenue of 22.301 billion yuan in the first three quarters, a year-on-year increase of 26.11%; net income attributable to shareholders of the listed company was 0.462 billion yuan, a year-on-year increase of 6.23%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.444 billion yuan, a year-on-year increase of 10.30%; basic earnings per share was 0.3513 yuan.
Press Release: Foran Closes US$250M Upsized Project Finance Credit Facility
Foran Energy Group (002911.SZ): Continuously carries out technological research and development such as SOFC solid oxide fuel cells, hydrogen energy equipment manufacturing.
Foran Energy Group (002911.SZ) stated on the investor interaction platform on September 5 that the company actively responds to the "dual carbon" goal, actively extends the industrial chain in recent years, actively expands into clean energy such as hydrogen energy, and continues to carry out R&D in technology such as SOFC solid oxide fuel cells and hydrogen energy equipment manufacturing. In terms of hydrogen production and hydrogenation, the company has successively built Shunfeng hydrogenation station, Nanzhuang hydrogen production and hydrogenation integrated station, and Mingcheng comprehensive energy supply station. In terms of equipment, the company has completed the design, assembly, HAZOP analysis, and installation of the 500Nm³/h trailer-mounted natural gas hydrogen production equipment.
Foran Energy Group (002911): Revenue growth contributed by the supply chain, profit improvement through gross margin improvement.
Key Point: Revenue growth driven by supply chain business, with a YoY increase of 5.4% in the first half of the year. The company released its half-year report for 2024, with a revenue of 14.124 billion yuan (+27.4% YoY) and a net profit attributable to the parent of 0.289 billion yuan (+28.7% YoY).
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