Ensure both epidemic prevention and supply Suzhou Jinhong Gas Co.Ltd(688106) spare no effort to ensure gas supply in the Yangtze River Delta

Recently, many policies have been issued to promote enterprises in the Yangtze River Delta to step up their resumption of work and production. The official account of WeChat public, Ministry of industry, said in April 15th that the relevant departments in Shanghai should make every effort to ensure the supply of medical materials, and promote the stable production and resumption of production of key industrial enterprises, so as to ensure the smooth operation of the supply chain of the industrial chain.

As an important manufacturing area in China, Suzhou is close to Shanghai, and the epidemic situation in Shanghai has an impact on the transportation and logistics of the Yangtze River Delta. In the face of the severe and complex situation of epidemic prevention and control, a number of Suzhou manufacturing enterprises took the initiative to ensure the normal operation of enterprises and actively guarantee supply while doing a good job in epidemic prevention deployment.

Suzhou Jinhong Gas Co.Ltd(688106) 6 was founded in Suzhou in 1999 and entered the capital market in 2020. Now it has become an environment-friendly and intensive comprehensive gas supplier specializing in gas R & D, production, sales and service integration solutions in China. In the face of the epidemic situation, Suzhou Jinhong Gas Co.Ltd(688106) said that the company’s products include both hydrogen, ammonia and other production raw materials urgently needed by enterprises, as well as important epidemic prevention and anti epidemic materials such as medical liquid oxygen.

Therefore, Suzhou Jinhong Gas Co.Ltd(688106) on the premise of ensuring the fulfillment of the main responsibility of epidemic prevention, it has steadily done a good job in the work resumption and supply guarantee. Its wholly-owned subsidiary Suzhou Jinhong Logistics Co., Ltd. (hereinafter referred to as “Jinhong logistics”) is in sincere unity with all departments of the enterprise, taking “supply guarantee” as the highest goal and providing reliable services with “closed loop”.

The announcement shows that since March, Jinhong logistics has provided a solid guarantee for the normal work of a large number of enterprises, institutions and medical institutions. On March 29, Jinhong logistics began to deliver medical oxygen to Kunshan Hospital; Honghu University and Dushu University ensure the normal operation of products distribution to the campus in April. It is reported that at present, Hengtong North Electro-Optic Co.Ltd(600184) Co., Ltd. and Suzhou Zhuomi Intelligent Manufacturing Technology Co., Ltd. have sent thank-you letters to Suzhou Jinhong Gas Co.Ltd(688106) . In addition, Jiangsu Huadian Kunshan Thermal Power Co., Ltd., Wangting power plant and other enterprises also expressed sincere thanks to Suzhou Jinhong Gas Co.Ltd(688106) one after another.

Suzhou Jinhong Gas Co.Ltd(688106) disclosed in the 2021 annual report, the company achieved a revenue of 1.741 billion yuan, an increase of 40.05% year-on-year; The net profit attributable to the parent company was 167 million yuan. In terms of business, the company achieved revenue of 699 million yuan, 659 million yuan and 233 million yuan for bulk gas, special gas and natural gas respectively, with a year-on-year increase of 44.97%, 46.90% and 65.00% respectively.

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