From GlobeNewswire: 2025-04-28 17:26:00

CF Energy Corp. has filed its audited consolidated financial results for the year ended December 31, 2024. Revenue in 2024 was RMB520 million, a 20% increase from 2023. Gross profit was RMB134.6 million, up 13% from 2023. Net profit for 2024 was RMB16.9 million, a significant increase from 2023. EBITDA for 2024 was RMB103.9 million, a 44% increase from 2023. The company has successfully transformed into a district energy solutions provider and operates a battery swap station network in China. The company aims to become the largest clean energy service solutions provider in Hainan. The natural gas industry is evolving to face challenges such as regulatory impacts and market dynamics. CF Energy Corp has transformed into an energy solutions provider, incorporating smart energy systems and battery swapping networks for efficient energy management. Projects like Haitang Bay and Meishan demonstrate advanced grid technologies for real-time monitoring and energy distribution. The company is now focusing on electrochemical energy storage and IoT partnerships to create an efficient energy management system. Plans for the future include integrating demand response systems and creating virtual power plants for grid services. CF Energy aims to optimize energy usage and promote sustainability through interconnected smart energy ecosystems. CF Energy Corp integrates traditional core business with renewable energy components to create a distributed energy system in the PRC. The system uses natural gas to balance and support renewable sources during peak demands. The company aims to provide electricity and thermal energy through combined heat and power design. By incorporating natural gas turbines or engines, CF Energy ensures continuous power generation for critical infrastructure. The integrated system also includes centralized cooling and heating services, battery swap stations, and a virtual power plant, promoting energy efficiency and sustainability. CF Energy Corp is a Canadian public company focused on providing sustainable energy solutions in the PRC. The Company has released financial measures that differ from IFRS Accounting Standards, but are used by management to evaluate performance. These non-GAAP measures may not be comparable to those of other companies. They should not be viewed in isolation or as a substitute for IFRS measures. The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the accuracy of this information. Management uses these measures to analyze operating performance and liquidity, providing useful information to investors and shareholders.



Read more at GlobeNewswire: CF Energy Announces Financial Results For The Year ended