Xinao Energy (02688) fell nearly 4%. As of press release, it was down 3.74% to HK$59.15, with a turnover of HK$152 million.
The Zhitong Finance App learned that Xinao Energy (02688) fell nearly 4%. As of press release, it was down 3.74% to HK$59.15, with a turnover of HK$152 million.
According to the news, Xinao Energy recently announced its 2023 results. Driven by the gas wholesale and engineering installation business, the company's 2023 turnover increased slightly by 3.5% year on year to 113.825 billion yuan, and core profit was 7.586 billion yuan, down 4.8% year on year. Furthermore, overall gross profit and gross margin were also under pressure, falling 9.0% year on year to RMB 14.338 billion and 1.7 percentage points to 12.6%, respectively
In addition, in 2023, the company's gas retail revenue increased slightly by 0.9% to RMB 60.611 billion, while the revenue and gross profit of the gas wholesale business decreased by 0.9% and 60.0% year-on-year to RMB 29.695 billion and RMB 1,095 billion, respectively. Retail gas volume fell 3.1% year on year to 25.144 billion cubic meters. Among them, industrial and commercial users, accounting for 77.5%, sold 19.486 billion cubic meters of gas, down 4.4% year on year.