Shares & Derivatives
(Long Post) AAG 3Q 2022 Results Thoughts
By Investing Thoughts  •  October 31, 2022
(530-Pipeline Accident. Fortunately, no one died but this has resulted in one of the routes that allow the company to transport gas to Henan being cut off) AAG Energy released its results on 27 September 2022. Along with the poor market conditions, the share price declined as well. Taking a look at the surface, profits for the first 3 quarters are up 91% year on year. 3Q 2022 turns out to be the best quarter this year and possibly in the history of AAG Energy as well. This is a shock as revenue of 559 million in Q3 is much lower than 1Q of 733 million Q1 and 596 million of Q2. This revenue fall probably explains the affected volume production With profits coming in at 410 million RMB in 3Q 2022 alone, which has beat the profit levels of 375 million in Q1 2022 and 363 million in Q2 2022. However, on a closer look after breaking it down, the cost was very weird as Q3 cost was...
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By Investing Thoughts
Age 25, currently doing part-time. Studied in NTU as a Banking and Finance student. Also known as zzxiaoboizz Enjoys doing equity research and investing. Currently vested in Hong Kong and Singapore listed Equities Would pen some of his thoughts here. Also enjoys watching concerts.
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