Futu news on November 16th$JY GAS (01407.HK)$On the first day, it opened 7.04% higher at HK $1.52, with a pre-market turnover of HK $11.5272 million.

In yesterday's dark trading in Fortune, delivery Gas opened 19.72 per cent higher and finally closed up 26.76 per cent, earning HK $760 per hand.

According to the previous public information, the number of applicants for the public placement of Jiaotong Gas is 3647, the winning rate is 30%, and the subscription is stable in 7 hands. Futu Information collates the relevant data as follows:

Jiaotong Gas is a natural gas operator with more than 16 years experience. The company operates in Gaomi City, Weifang City, Shandong Province, and has been awarded as an excellent enterprise in Gaomi City for five consecutive years. The company entered into a concession agreement with Gaomi Municipal Administration, under which the company has the exclusive right to operate pipeline natural gas sales and related business in the operating area, valid for a period of 30 years from August 18, 2009.

As of the last practicable date, the operating area under the concession of transportation gas accounts for about 70.0% of the total administrative area of Gaomi City. The company's pipeline gas suppliers are Petrochina Company Limited and Shandong Shihua (owned by China Petroleum & Chemical Corp). The company has entered into a master agreement and a series of actual procurement contracts with them for the procurement of pipeline natural gas. The company's pipeline natural gas customers are mainly retail (including residential, commercial and industrial) pipeline natural gas end users. The company is also engaged in compressed natural gas and liquefied natural gas sales, providing construction and installation services and gas appliance sales.

Transit gas generates revenue from (I) the sale of piped natural gas, mainly through the company's urban pipeline network to piped natural gas end users in the operating area; (ii) the sale of compressed natural gas and liquefied natural gas at the company's compressed natural gas and liquefied natural gas filling stations; (iii) the provision of construction and installation services; and (iv) the sale of gas appliances.

In terms of finance, from 2019 to 2021, the company's total revenue was 354 million yuan, 348 million yuan and 441 million yuan respectively, with a compound annual growth rate of 11.56%. The total income in the first four months of 2022 was 158 million yuan, an increase of 16.40% over the same period last year.

From 2019 to 2021, the company's gross profit margin was 23.4%, 28.2% and 22.0% respectively, while the net profit margin for the same period was 10.5%, 14.7% and 15.5%, respectively.