Summary by Moomoo AI
BEIJING GAS BLUE SKY HOLDINGS LIMITED (“BEIJING GAS BLUE SKY”) ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH REVENUES OF HK$2,150.3 MILLION, AN INCREASE OF 37.1% COMPARED TO 2022. Gross profit was HK$65.4 million, an increase of 31.9%, but the gross margin decreased slightly to 3.0%. Year-over-year, total gas sales rose by 93.5% to 733.6 million cubic meters, mainly driven by increased demand for natural gas and the acquisition of urban gas projects in Guangshido Prefecture. Profit for the year increased significantly to HK$102.6 million, an increase of 786.0%, while shareholders' receivables increased significantly to HK$91.3 million. Earnings before interest, tax, depreciation and amortisation also increased 77.9% to HK$416.7 million. The Board does not propose to declare a full-year dividend for 2023. The company will continue to promote the application and promotion of natural gas in energy transformation and actively participate in energy transformation to accelerate the deployment of new energy business.