Foran Energy Group Co Ltd
SZSE:002911
Foran Energy Group Co Ltd's latest stock split occurred on Apr 26, 2024
The company executed a 1-for-1 stock split, meaning that for every share held, investors received 1 new share.
Before the split, Foran Energy Group Co Ltd traded at 14.24 per share. Afterward, the share price was about 9.76.
The adjusted shares began trading on Apr 26, 2024. This was Foran Energy Group Co Ltd's 2nd stock split, following the previous one in Apr 22, 2021.
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Foran Energy Group Co Ltd
Glance View
Foran Energy Group Co Ltd., a prominent player in China's energy sector, operates within the intriguing world of natural gas distribution and sales. Based in the industrial heartland of Foshan, Guangdong Province, the company is a pivotal part of the regional infrastructure, ensuring that the bustling factories and urban households have a steady supply of natural gas to fuel their activities. The company primarily focuses on the distribution of piped natural gas, a cleaner and more efficient alternative to traditional fossil fuels. Foran Energy acts as the critical link between upstream natural gas suppliers and end-users by securing long-term supply contracts and investing in an extensive pipeline network that snakes through cities and industrial zones. Their revenue streams are primarily driven by the volume of natural gas distributed, reflecting both the region's industrial activity and the growth in residential gas consumption. While distribution remains its core business, Foran Energy has strategically diversified its operations to include the construction and operation of gas-fired power plants, adding another layer to its income generation capabilities. This diversification ensures they capitalize on the increased demand for electricity in rapidly urbanizing regions, subsequently boosting their profitability. By marrying their extensive distribution networks with electric power generation, Foran Energy not only enhances its economic resilience but also contributes to the stability and sustainability of the local energy supply. In essence, the company's robust infrastructure and strategic positioning enable it to thrive in a landscape driven by energy transformation and urban expansion.
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