Performance Updates - 开拓药业-B (09939.HK) has completed patient enrollment for the Phase III clinical trial of KX-826 solution for androgenetic alopecia in adult males in China [2] - 李氏大药厂 (00950.HK) has received approval from the National Medical Products Administration for Socazolimab to be used in combination with chemotherapy for first-line treatment of extensive-stage small cell lung cancer in mainland China [2] - 恒瑞医药 (01276.HK) has received approval for clinical trials of SHR-8068 injection, Adebali monoclonal antibody injection, and Bevacizumab injection [2] - 恒瑞医药 (01276.HK) has also received approval to conduct clinical trials for HRS-5041, intended for prostate cancer treatment [2] - 深圳高速公路股份 (00548.HK) reported toll revenue of 106 million yuan for the outer ring project in June [2] - 大成生化科技 (00809.HK) has signed an EPC contract with Northeast Electric and Liaoning Electric for boiler renovation projects, with a maximum cost of 129.1 million yuan [2] - 小黄鸭德盈 (02250.HK) has signed a contract to develop an AI marketing system to diversify revenue sources [2] Buyback and Financing Activities - 威海银行 (09677.HK) plans to issue up to approximately 758 million domestic shares and 154 million H-shares, raising nearly 3 billion yuan [2] Financial Results - 香港电讯-SS (06823.HK) reported total revenue of 17.322 billion HKD for the first half, a year-on-year increase of 4%, with a net profit of 2.07 billion HKD, also up 4% [4] - 青岛银行 (03866.HK) reported operating revenue of 7.662 billion yuan for the first half, a growth of 7.5%, and a net profit of 3.065 billion yuan, up 16.05% [4] - 中国石油化工股份 (00386.HK) expects mid-term net profit to be between 20.1 billion and 21.6 billion yuan, a year-on-year decline of 39.5%-43.7% [4] - 汽车之家-S (02518.HK) reported total revenue of 3.212 billion yuan for the first half, a decrease of 7.75%, with a net profit of 772 million yuan, down 15.99% [4] - 绿茶集团 (06831.HK) issued a profit warning, expecting mid-term net profit to be between 230 million and 237 million yuan, a year-on-year increase of approximately 32%-36% [4] - 粤海置地 (00124.HK) issued a profit warning, expecting mid-term net profit to exceed 260 million HKD, turning from loss to profit [4] - 药师帮 (09885.HK) issued a profit warning, expecting mid-term net profit to exceed 70 million yuan [4] - 中国东方教育 (00667.HK) issued a profit warning, expecting mid-term net profit to grow by 45%-50% year-on-year [4] - 中核国际 (02302.HK) issued a profit warning, expecting mid-term revenue to increase to at least 585 million HKD, with net profit of at least 9.5 million HKD [4] - 大唐环境 (01272.HK) issued a profit warning, expecting mid-term net profit to decrease to between 350 million and 400 million yuan [4] - 长江生命科技 (00775.HK) issued a profit warning, expecting mid-term net loss of approximately 150 million HKD, turning from profit to loss year-on-year [4] - 延长石油国际 (00346.HK) issued a profit warning, expecting mid-term loss of approximately 27.9 million HKD [4]

Group 1 - The company, 延长石油国际, expects to incur a loss of approximately 27.9 million HKD for the six months ending June 30, 2025, compared to a loss of about 27.3 million HKD in the same period last year [1] - The anticipated mid-year loss in 2025 is primarily attributed to a loss of approximately 28.3 million HKD from the oil and gas production business in Canada [1]

格隆汇7月31日丨延长石油国际(00346.HK)公布，集团预期截至2025年6月30日止六个月录得亏损约2790 万港元，相对去年同期亏损约2,730万港元。集团于2025年的中期亏损主要由于加拿大的油气生产业务 录得亏损约2,830万港元所致。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 （於 百慕達註冊成立之有限公司） （股份代號：00346） 盈利警告 本 公 告 由 延 長 石 油 國 際 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本集團」） 根據香港聯合交易所有限公司證券上市規則第13.09條及香港法例第571章證券 及期貨條例第XIVA部 之 內 幕 消 息 條 文 而 作 出。 本 公 司 董 事 會（「董事會」）謹 此 知 會 本 公 司 股 東 及 有 意 投 資 者，根 據 現 有 本 集 團 之 未 經 審 核 管 理 帳 目，本 集 團 預 期 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 錄 得 虧損約2,790萬 港 元，相 對 去 年 同 期 虧 損 約2,730萬 港 元。本 集 團 於 二 零 二 五 年 的 中期虧損主要由於加拿大的油氣生產業務錄得虧損約2 ...

Group 1 - The core viewpoint of the article highlights the significant market activity in low-priced oil and gas stocks in the Hong Kong market, particularly the dramatic rise in share prices of certain companies [1] - Jixing New Energy (03395.HK) experienced a surge of over 300% in its stock price, indicating strong investor interest and market speculation [1] - Other companies in the sector also saw notable increases, with Baikin Oil Services (02178.HK) rising over 40% and Yanchang Petroleum International (00346.HK) increasing by 13% [1]

Group 1 - Hong Kong low-priced oil and gas stocks opened higher, with Jixing New Energy (03395.HK) rising nearly 15% [1] - Extended Petroleum International (00346.HK) increased by over 11% [1] - Baikin Oil Services (02178.HK) saw a rise of over 13% [1]

Group 1 - The Hong Kong stock market saw a strong performance in the oil sector, with notable gains in several companies [1] - Yanchang Petroleum International (00346.HK) experienced a significant increase of 20.59% [1] - Other companies in the sector also reported gains, including Kunlun Energy (00135.HK) up by 2.78%, China National Offshore Oil Corporation (00833.HK) up by 2.18%, and CNOOC Services (02883.HK) up by 2.08% [1]

行业估值方面，石油及天然气行业市盈率（TTM）平均值为-5.71倍，行业中值4.02倍。延长石油国际市 盈率6.2倍，行业排名第8位；其他珠江钢管（01938.HK）为0.86倍、CGII HLDGS（01940.HK）为4.02 倍、域高国际控股（01621.HK）为4.84倍、中信资源（01205.HK）为5.01倍、交运燃气（01407.HK） 为5.23倍。 资料显示，延长石油国际有限公司的业务贯穿油气行业的上、下游。上游业务包括油气勘探、开发及开 采;下游业务包括燃油买卖及分销。延长石油集团海外业务及旗舰延长石油国际是其最大主要股东—延 长石油集团发展海外业务的重要平台,延长石油集团为中国从事勘探及开发石油和天然气的四大国有企 业之一。2021年,延长石油集团位居《财富》世界500强企业第234位。在大股东的支持下,延长石油国际 积极在政治稳定地区寻求并购机会,锐意成为中型国际能源企业。上游业务延长石油国际透过其全资子 公司Novus EnergyInc.(「Novus」)成功进入北美油气市场。Novus在加拿大萨斯喀彻尔省及艾伯塔省从 事油气生产业务。Novus油气生产业务:Novus在加拿大的萨 ...

Company Overview - 延长石油国际有限公司 operates across the upstream and downstream sectors of the oil and gas industry, with upstream activities including exploration, development, and production, while downstream activities involve the sale and distribution of fuel [2] - The company is a significant platform for 延长石油集团, which is one of China's four state-owned enterprises engaged in oil and gas exploration and development [2] - 延长石油集团 ranked 234th in the Fortune Global 500 in 2021, indicating its substantial market presence and support for 延长石油国际's international expansion efforts [2] Financial Performance - As of December 31, 2024, 延长石油国际 reported total revenue of 27.026 billion yuan, representing a year-on-year growth of 5.2% [1] - The company's net profit attributable to shareholders was 50.1247 million yuan, showing a significant decline of 75.12% compared to the previous year [1] - The gross profit margin stood at 1.07%, with a debt-to-asset ratio of 53.57% [1] Market Position and Valuation - 延长石油国际's price-to-earnings (P/E) ratio is 5.59, ranking 8th in the oil and gas industry, which has an average P/E ratio of -18.17 and a median of 2.43 [1] - The company has underperformed the Hang Seng Index, with a cumulative increase of 5.77% over the past month and year, lagging behind the index's 14% rise [1] Business Operations - The upstream segment includes Novus Energy Inc., which has successfully entered the North American oil and gas market, focusing on production in Saskatchewan and Alberta [2] - Novus has drilled approximately 360 horizontal wells since its inception in 2009 and currently holds 160,000 net acres of land, indicating significant development potential [2] - The downstream segment operates through 河南延长, which has a distribution capacity exceeding 2 million tons of refined oil annually and maintains a 100% cash collection rate under its "payment before delivery" policy [2]

Financial Performance - In 2024, Novus Energy Inc. sold 843,000 equivalent barrels of oil and gas, a year-on-year decrease of 22.95%, with sales revenue of CAD 60.8 million, down 29.61%[7]. - The average natural gas sales price dropped significantly by 41.02%, while the mixed oil and gas sales price decreased by 8.65%[7]. - Novus achieved a net profit of CAD 11.6 million, aided by a reversal of impairment on oil and gas assets amounting to CAD 25.26 million[7]. - The company's revenue for the fiscal year ending December 31, 2024, was HKD 29,184,915,000, representing a 5% increase from HKD 27,742,529,000 in 2023[28]. - Other income decreased by 49% to HKD 9,132,000 from HKD 17,784,000 in the previous year[31]. - The cost of revenue increased to HKD 28,782,973,000, up 6% from HKD 27,145,282,000, primarily due to increased sales in the oil and by-products trade in China[32]. - The operating loss from exploration, extraction, and production business was HKD 4,300,000, compared to an operating profit of HKD 33,431,000 in 2023, with oil and gas sales volume dropping to 843,000 equivalent barrels from 1,093,000[29]. - Revenue from oil and by-products trade in China increased to HKD 28,853,582,000 from HKD 27,240,712,000, despite a decrease in selling prices[30]. - The company recorded a profit of HKD 55,578,000 for the year, a significant decrease from HKD 580,132,000 in the previous year, primarily due to the absence of one-time gains recognized in 2023[46]. Production and Operations - Total capital expenditure for the year was CAD 11.31 million, with 5 new one-mile wells drilled, contributing 7,300 tons of new well production[8]. - Novus implemented over 105 production optimization measures, resulting in an increase of 129 equivalent barrels per day in production[9]. - The company signed a 5-year transportation agreement with a pipeline company, reducing transportation rates by 11% and saving CAD 650,000 in transportation costs for 2024[9]. - Novus completed a comprehensive geological study of its oilfield, which was recognized with a first-class award from the Shaanxi Petrochemical Science and Technology Award[10]. - The company successfully maintained over 80 drillable locations to avoid expiration risks, ensuring operational readiness[9]. - Novus's single well completion cost decreased by CAD 80,000 per well compared to the previous year[9]. - Novus drilled 5 one-mile wells with a total footage of 11,628 meters, achieving a drilling cycle of under 5 days and a 100% drilling success rate[11]. - Novus completed the drilling of one exploratory well in the "Success" reservoir, producing a cumulative output of 5,000 equivalent barrels over six months[15]. Reserves and Assets - The 2P reserves increased by 124.7 thousand equivalent barrels, reaching 18.52 million equivalent barrels by the end of 2024, a year-on-year increase of 2.3%[12]. - As of December 31, 2024, the group's capital commitments for property, plant, and equipment amounted to HKD 179,000, down from HKD 275,000 as of December 31, 2023[69]. - The group's confirmed and probable reserves as of January 1, 2024, were estimated at 13,601.3 thousand barrels of oil equivalent, increasing to 13,737.0 thousand barrels by December 31, 2024[85]. - The total assets decreased from HKD 3,684,542,000 in 2023 to HKD 2,799,999,000 in 2024, representing a decline of approximately 24%[62]. - The company's property, plant, and equipment decreased by 5% from HKD 1,859,533,000 in 2023 to HKD 1,771,918,000 in 2024[44]. - The company's exploration and evaluation assets decreased by 22% from HKD 11,384,000 in 2023 to HKD 8,898,000 in 2024[44]. Liabilities and Financial Health - The company’s total liabilities decreased from HKD 2,336,376,000 in 2023 to HKD 1,499,820,000 in 2024, a reduction of approximately 36%[62]. - The company's current ratio improved from 79.5% in 2023 to 107.0% in 2024, indicating better short-term financial health[62]. - The company’s capital debt ratio improved from 173.3% in 2023 to 115.4% in 2024, reflecting a stronger equity position[62]. - Trade receivables decreased by 55% from HKD 1,014,916,000 in 2023 to HKD 457,758,000 in 2024[53]. - Cash and bank balances increased by 23% from HKD 226,188,000 in 2023 to HKD 278,675,000 in 2024[55]. Corporate Governance - The board did not recommend any dividend for the year ending December 31, 2024, consistent with the previous year[73]. - The company has adopted the standard code of corporate governance as per the listing rules and confirmed compliance for the year ending December 31, 2024[144]. - The board is committed to high standards of corporate governance and will continue to review and improve governance practices to enhance shareholder value[151]. - The company has established three board committees: the audit committee, remuneration committee, and nomination committee, to assist the board in fulfilling its responsibilities[168]. - The audit committee is tasked with overseeing the financial reporting, risk management, and internal control systems of the group[169]. - The company has engaged external independent consultants for annual reviews of its risk management and internal control systems[184]. - The board has confirmed compliance with the standards set out in the listing rules regarding securities transactions throughout the year[177]. Shareholder Relations - The company maintains a shareholder communication policy to enhance transparency and facilitate effective communication between shareholders and management[198]. - The board of directors is open to addressing shareholder inquiries during annual general meetings[196]. - The company has a clear procedure for shareholders to propose resolutions at special meetings, requiring a written request from shareholders holding at least 10% of the paid-up capital[194]. - The company actively communicates with shareholders through annual and interim reports, ensuring timely disclosure of relevant information[196]. Environmental and Social Responsibility - The company achieved a carbon dioxide reduction of 136,000 tons, avoiding penalties of CAD 13.52 million for carbon emissions[18]. - The company has established a robust anti-corruption policy, ensuring no incidents of corruption were reported during the year[187]. - Employees are encouraged to report suspicious activities anonymously, with investigations conducted confidentially and without retaliation[189]. - The company has implemented a fair procurement process to eliminate potential corruption risks[187]. - The company's internal anti-corruption policies are mandatory for all employees, promoting a culture of integrity[187].