Sector: Utilities | Industry: Natural Gas Utilities |
Company Contact | |
Address: | 3100 Steeles Av. East, Suite 308 MARKHAM ON L3R 8T3 |
Tel: | N/A |
Website: | www.cfenergy.com/en/index.php |
IR: | See website |
Key People | ||
Ann Siyin Lin Chairman of the Board, Chief Executive Officer, Corporate Secretary | Ling Cao Chief Financial Officer |
Business Overview |
CF Energy Corp. is a Canadian integrated energy provider and natural gas distribution company (or natural gas utility) in the People's Republic of China (PRC). The Company is involved in natural gas distribution and sustainable energy utilization, serving residential, commercial and industrial users as well as electric vehicle (EV) battery swap service in the PRC. Its segments include gas distribution utility, integrated smart energy and smart mobility. The gas distribution utility segment comprises natural gas transmission and sales, including pipeline natural gas sales and liquified natural gas supply distribution sales and related service pipeline installation and connection sub-segments; compressed natural gas vehicle refueling station, and natural gas direct transmission. It provides an integrated smart energy system and an integrated district energy distribution service. The smart mobility segment operates EV battery swap stations, and trades EV to designated customers. |
Financial Overview |
For the fiscal year ended 31 December 2023, CF Energy Corp revenues increased 40% to RMB434M. Net income before extraordinary items decreased 53% to RMB9.4M. Revenues reflect Gas distribution utility - Gas sales segment increase of 22% to RMB394.6M, Integrated smart energy segment increase from RMB10.2M to RMB24.4M, Smart mobility segment increase from RMB1.9M to RMB14.9M. |
Reporting Currency: | Renminbi |
Enterprise value: | $100.69M as of Dec 31, 2023 |
Annual revenue (TTM): | $83.82M as of Dec 31, 2023 |
EBITDA (TTM): | $12.35M as of Dec 31, 2023 |
Net annual income (TTM): | $1.71M as of Dec 31, 2023 |
Free cash flow (TTM): | -$18.73M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $84.88M as of Dec 31, 2023 |
Shares outstanding: | 65,885,000 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |