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CF Energy Corp. (V:CFY)

Business Focus: Natural Gas Distribution

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