Luen Mei Holdings: In the first three quarters, it achieved revenue of 2.184 billion yuan
On the evening of October 30, Luen Mei Holdings (600167) released its performance report for the third quarter of 2023. In the first three quarters, Luen Mei Holdings achieved revenue of 2.184 billion yuan, net profit attributable to shareholders of listed companies of 653 million yuan, net profit after deducting non-recurring gains and losses of 628 million yuan, and cash on hand of 7.1 billion yuan.
Over the years, Luen Mei Holdings has actively deployed its integrated energy business, and has formed unique development advantages in multi-energy utilization, multi-energy supply and intelligent operation such as central heating and cogeneration, reclaimed water source heat pump heating, natural gas distributed combined cooling, heating and power, and biomass cogeneration, and is committed to providing sustainable, clean and efficient solutions for district energy.
Under the guidance of the concept of green development, Luen Mei Holdings continues to deepen its industrial layout across the country, selects renewable energy technologies such as flue gas waste heat recovery and utilization, reclaimed water source heat pumps, air source heat pumps, medium and deep geothermal, photovoltaic +, and biomass according to local conditions in a combination of self-construction, acquisition and operation management, continuously expands the proportion of clean energy, actively explores and develops industrial applications such as energy storage and hydrogen energy, and continues to help the whole society form a green and environmentally friendly industrial structure, production and lifestyle. Provide better comprehensive energy services for social development and people's lives.
In particular, Luen Mei Holdings' flue gas waste heat recovery and utilization project has achieved the triple purpose of energy saving, emission reduction and water saving, with remarkable results in energy saving, emission reduction, consumption reduction and efficiency increase, with more than 400,000 gigajoules of heat recovery, about 50,000 tons of carbon emissions, and more than 100,000 tons of condensate per year, maximizing the recycling of water resources. The reclaimed water source heat pump heat source station can achieve zero-carbon heating area of 3.1 million square meters, which is the largest reclaimed water source heat pump heating project in China, reducing carbon dioxide emissions by 35,000 tons, and the biomass cogeneration project can process 300,000 tons of biomass raw materials per year and reduce carbon emissions by about 85,000 tons per year.
Luen Mei Holdings has formed a unique development advantage with innovative technology, and continues to help the whole society form a green and environmentally friendly industrial structure, production and lifestyle, and provides better comprehensive energy services for social development and people's lives, which has been recognized by all parties.
As an enterprise that adheres to the concept of "clean, efficient, smart and low-carbon", Luen Mei Holdings has stable finance, abundant cash flow, strong risk resistance, and has continued to reward investors through a high proportion of dividends in recent years. It is understood that Luen Mei Holdings' cash dividends in 2022 will reach 475 million yuan, accounting for 50.34% of the net profit attributable to shareholders of the parent company, and it will return investors with a large proportion of dividends for three consecutive years as promised. The abundant cash flow and monetary funds are conducive to Luen Mei Holdings to promote the upgrading of its comprehensive energy strategy more easily, expand strategic businesses such as hydrogen energy and energy storage, and enhance the core competitiveness of listed companies.
