On April 9, 2019, Yingde Gases Group (hereinafter referred to as “ Yingde Gases” or “the Group”) is pleased to announce its 2018 annual results, with revenue exceeding RMB 12.8 billion, an increase of 25.4% compared with 2017; the net profit for the whole year was 1.229 billion yuan, an increase of 67.3% compared with 2017.
As of December 31, 2018, the Group had a total of 82 production facilities under operation and 17 production facilities under construction, with a total installed capacity of 2,391,000 standard cubic meters per hour, with 12.3% year-on-year growth; industrial gas sales exceeding 35.7 billion standard cubic meters, an increase of 17.9% year-on-year growth. It is expected that after completion of all projects under construction in 2020, the total installed capacity will exceed 2,600,000 standard cubic meters per hour.
According to the 2019 SAI report study, the Group is currently the largest independent on-site industrial gas supplier in China. The main gas products are oxygen, nitrogen and argon. As of December 31, 2018, the Group's on-site gas supply business revenue was 9.26 billion yuan, an increase of 13.4% year-on-year growth, accounting for 72.1% of the Group's business income. The customers of the on-site gas production business mainly come from the steel, chemical and non-ferrous metals industries. They usually have a 10- to 30-year partnership with the Group and are a long-term stable source of income for the Group.
Thanks to the growth of the manufacturing industry and the Group's vigorous development of the liquid sales business, the Group's liquid sales revenue in 2008 was 2.64 billion yuan, a year-on-year increase of 32.7%, and the proportion of the Group's business income rose to 20.6%.
Group CEO Li Zhengyu said: "For more than a year, Yingde Gases has achieved outstanding results in strategic advancement, tactical operations and financial indicators. It is inseparable from the efficient integration and joint efforts of new and old employees. I am proud of such a team."
In the future, Yingde Gases will adhere to the core values of “Integrity, Innovation, Safety and Win-Win”, and will be cohesive and courageous with customers, employees, shareholders and partners with high-quality products, sincere service, efficient management and advanced technology. Be brave to scale heights and work together to create a better future!