Heyuan Gas: It is expected that the operating conditions will gradually improve starting from the second quarter

Heyuan Gas stated at the performance briefing that the company's operating revenue in the first quarter was 355 million yuan, basically flat year-on-year, and the net profit attributable to the parent company was 25.2 million yuan, a year-on-year decrease of 16.47%. The main reason for this was the phased recognition of employee restricted stock equity incentive expenses and the impact of additional depreciation from some projects being capitalized. As the related products from the company's two major industrial parks in Qianjiang and Yichang gradually stabilize in production, it is expected that the company's operating situation will gradually improve starting from the second quarter of 2025