Summary by Moomoo AI
Henan Jinyuan Hydrogenation Chemical Co., Ltd. (Jinyuan Hydrogenation) released its mid-term report for 2024, which shows that it is the main supplier of hydrogenated benzene chemicals and energy products in Henan Province. During the reporting period, the company's revenue increased from 107.6 million yuan in 2023 to 160.21 million yuan, and the gross margin decreased from 9.9% to 4.5%. The net profit during the period was 44.9 million yuan, a decrease from 65.7 million yuan in the same period last year. The basic earnings per share were 0.03 yuan. The company continued to expand its energy business in the first half of 2024 and started operating hydrogenation station business in the fourth quarter of 2023 in response to the Chinese government's development of a circular economy and its commitment to the "dual carbon" goal. As of June 30, 2024, the company's total assets were 170.04 million yuan and total equity was 112.62 million yuan.
