Gelonghui, May 13 | Fortune Securities Research Report indicates that in 2023, Binhai Investment (2886.HK)'s total revenue rose 5% to HK$6.41 billion, net profit of HK$260 million, and gross margin remained at 11.7%. Gas sales achieved a 9.4% year-on-year increase, surpassing the national average. Among them, the share of sales for commercial and commercial users increased significantly to 83.6%, leading the industry. In order to consolidate upstream resources, the Group signed natural gas purchase and sale contracts with companies such as Xintian Green Energy, which not only broadened gas supply channels, but also reduced procurement costs and enhanced profitability through the use of LNG terminals around Tianjin. As the US Energy Information Administration predicts that natural gas prices will drop by 12% in 2024. Coupled with the advancement of the domestic gas price linkage mechanism, the Group has completed price adjustments for 70% of civilian gas. The gross margin will increase to 0.47 yuan in 2023, which indicates that the gross margin is expected to expand further in 2024, thanks to the double benefits of lower costs and higher sales prices. Looking ahead, the Group has set a gas sales growth target of 15% to reach 2.5 billion cubic meters in 2024, and highlights the rapid growth of the value-added services business sector. The compound gross profit growth rate between 2019 and 2023 is 62%, which indicates that the sector will continue to be an important growth engine and maintain a strong growth trend in 2024. Overall, it shows the company's positive progress and optimistic prospects in optimizing the cost structure and expanding market and business diversification.