Oil and gas prices soared New Trend Energy's net profit in the first three quarters increased by 4.5 times

On October 30, Xinchao Energy disclosed its beautiful 2021 third quarter report
.
In the first three quarters of this year, Xinchao Energy achieved operating income of 3.
353 billion yuan, a year-on-year decrease of 7.
49%; The net profit attributable to shareholders of the listed company was 502 million yuan, a year-on-year increase of 446.
88%; Basic earnings per share were 0.
07 yuan per share, a year-on-year increase of 427.
86%.

Among them, the operating income in the third quarter was 1.
244 billion yuan, with the rise in international oil prices, offsetting the impact of reduced capital investment and bad weather on production, an increase of 7.
29% year-on-year; The net profit attributable to shareholders of listed companies was 200 million yuan, compared with a loss of 08.
7 million yuan in the same period last year, and the operating performance returned
strongly.

Since the beginning of this year, oil and gas prices have risen
sharply due to factors such as insufficient oil investment and demand recovery.
Data show that in the past year, the price of liquefied natural gas in Asia has risen nearly 6 times, and the price of natural gas in Europe has soared more than 10 times
since May last year.
At the same time, oil prices also soared rapidly, Brent crude oil briefly exceeded $86, the highest level in nearly three years, and now remains above $83; WTI crude futures hit a high of $85.
41 a barrel, the highest level in nearly seven years, and now remain above
$82 a barrel.

The soaring price of oil and natural gas has led to a general significant increase in the performance of listed companies in the oil and gas industry
.
At the same time, the performance of the petroleum and petrochemical sector in the secondary market this year is also remarkable
.
Whether it is performance growth or stock market performance, Xinchao Energy is at the forefront
of the petrochemical sector.