Zhonghua Gas (08246) announced that the group is expected to have a net loss after tax, from the corresponding period in 2023 to the corresponding period in 2024, the net profit after tax is expected to increase by 115.2% to RMB 6.3 million, while the main reason for the increase in net loss after tax is due to the reversal of provision for trade receivables impairment, which decreased from approximately RMB 55.5 million in the corresponding period to approximately RMB 22.9 million in the middle of 2024 due to the recovery of long-term unpaid trade receivables in the first half of 2024, and the equity-settled share-based payment expenses of approximately RMB 14.1 million in the middle of 2024 (corresponding period: none).
Zhonghua Gas (08246) announced that the expected net loss after tax of the group is expected to increase by 115.2% to RMB 6.3 million in the middle of 2024, from the net profit after tax in the corresponding period of 2023, which was about RMB 41.2 million.
The increase in net loss after tax is mainly due to the reversal of provision for trade receivables impairment, which decreased from approximately RMB 55.5 million in the corresponding period to approximately RMB 22.9 million in the middle of 2024 due to the recovery of long-term unpaid trade receivables in the first half of 2024, and the equity-settled share-based payment expenses of approximately RMB 14.1 million in the middle of 2024 (corresponding period: none).
