Foran Energy Group (002911.SZ) released its 2024 half-yearly report on August 8th. During the reporting period, the company achieved a revenue of CNY 14.124 billion, a YoY growth of 27.43%, with a net income of CNY 0.289 billion attributable to the shareholders of the listed company, a YoY growth of 5.44%, and a net income of CNY 0.275 billion attributable to the shareholders of the listed company after deducting non-recurring gains and losses, a YoY growth of 11.68%. The basic earnings per share were CNY 0.2306.
The company's current performance mainly comes from urban gas business. The growth of the company's performance is mainly affected by various factors such as natural gas supply capacity, commodity costs, market development, government policies, and internal management of the company. In the future, the company will continue to focus on gas supply business and carry out fine operations, continue to develop industrial and commercial users on the basis of consolidating and serving existing customers, and steadily promote the development of gas projects.
