Yuan Heng Gas Holdings Reports Sharp Profit Decline

Yuan Heng Gas Holdings Ltd (HK:0332) has released an update.

Yuan Heng Gas Holdings Limited reported a significant decrease in gross profit for the fiscal year ended March 31, 2024, falling from RMB 251,695,000 in 2023 to RMB 76,726,000. The company faced a loss before tax of RMB 173,817,000, contrasting with a smaller loss of RMB 6,529,000 the previous year, largely due to increased impairment losses and lower sales. Overall, the group’s total comprehensive expense for the year was RMB 169,830,000, marking a challenging financial period.

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