Henan Jinyuan Hydrogenated Chemicals Co., Ltd.
2502.HK
Hong Kong Stock Exchange0.65
HKD
+0.09
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Henan Jinyuan Hydrogenated Chemicals Co., Ltd.
2502.HK
(Hong Kong Stock Exchange)
Recent
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0.65
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ROIC.AI
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- Henan Jinyuan Hydrogenated Chemicals Co., Ltd. is a prominent enterprise in the People's Republic of China, primarily involved in the production, processing, distribution, and commercialization of hydrogenated benzene-based chemical compounds and various energy solutions. The company's chemical offerings encompass essential products such as pure benzene, toluene, and xylene, crucial for various industrial applications. In its energy segment, it supplies liquefied natural gas (LNG) and coal gas. Beyond manufacturing, Henan Jinyuan also engages in the trading and retail of LNG and refined oil products, operates fuel and natural gas stations, provides steam services, and offers comprehensive multimodal transportation, warehousing, and distribution for coal products. Its diverse clientele includes manufacturers of nylon and fertilizers, refined oil producers, other chemical entities, industrial consumers, and retail and trading partners. Established on November 23, 2012, and headquartered in Jiyuan, China, the company operates as a wholly-owned subsidiary of Henan Jinma Energy Company Limited. Henan Jinyuan marked a significant milestone by listing on the Main Board of the Hong Kong Stock Exchange on December 20, 2023. The company has recently expanded its capabilities, having commissioned a 200,000 tonnes per annum crude benzene hydrorefining facility in 2023, and inaugurated the largest hydrogen refueling station in Henan Province, capable of servicing a large fleet of hydrogen heavy trucks daily. It anticipates a crude benzene refining capacity of 0.4 million tons annually following further expansions in late 2023, reinforcing its commitment to resource efficiency and a circular economy. For the first half of 2025, the company expects to report a loss, mainly due to a narrowing of gross profit margins for its primary hydrogenated benzene-based chemical products.