Summary by Futu AI
TL Natural Gas (Henry Hub Natural Gas Holdings) released its mid-year report for 2024, showing a revenue of CNY 44,424 thousand during the period, an increase of approximately 41.9% compared to the same period in 2023. However, the company's gross profit only slightly increased, and it recorded a loss of CNY 4,497 thousand during the period, an increase of approximately 63.0% compared to the same period of last year. The basic loss per share was CNY 0.0243. The company emphasized that since most companies listed on the GEM market of the Hong Kong Stock Exchange are small and medium-sized companies, investing in such companies carries higher risks. During the reporting period, TL Natural Gas also explored new business opportunities, including signing a memorandum of understanding with Jingmen Jinhao Li Natural Gas Co., Ltd. to invest in 51% or more of its shares. Looking forward, the company has a positive view on the growth of natural gas consumption and will strive to seize the growth potential brought by policies and industry trends.