Luen Mei Quantum mentioned in Environmental, Social and Governance Report 2021 that, for the new heating business, the priority is given to the renewable clean energy, and new renewable energy technologies such as sewage source heat pump, air source heat pump, river water source heat pump, ground source heat pump and medium and deep geothermal energy are selected according to local conditions to continuously expand the proportion of renewable clean energy.
On August 30, Luen Mei Quantum (600167. SH), a well-known comprehensive energy service provider in China, released its semi-annual report of 2022. In the first half of 2022, the Company earned the operating income RMB 1.943 billion, with a year-on-year increase rate of 2.81%, mainly thanks to the continuous growth of the heating area of the Company and the formal operation of Shandong Fulin Thermal Power Project.
In 2021, with abundant cash flow, Luen Mei Quantum further optimized its asset structure. That year, the net cash flow of operating activities was RMB 1.7 billion, with a large year-on-year increase of 83.31% compared to RMB 930 million in 2020.
On April 28, Luen Mei Quantum (600167.SH) released the first quarterly report of 2022. The operating revenue of the first quarter is about RMB 1.742 billion, with a year-on-year increase of 2.64%, and a year-on-year decrease of net profit attributable to the parent company of 4.40%.
Luen Mei Quantum(600167.SH) recently released its annual financial statement of 2021. It points out that, considering the clean heating business characterized by in-depth regional business development, the company chooses a development strategy that seeks both internal improvement and external expansion for realizing a stable growth.