Core Viewpoint - LNG oil-to-gas conversion is a significant direction for clean energy transition, utilizing the low-temperature liquid characteristics of LNG for efficient storage and transportation, while significantly reducing pollutant emissions and fuel costs [1][2] Industry Overview - LNG oil-to-gas conversion refers to the process of retrofitting traditional fuel-driven vehicles to use liquefied natural gas (LNG) as the primary fuel, leveraging LNG's low-temperature liquid properties for efficient storage and combustion [2][3] - Compared to traditional fuels, LNG combustion results in a significant reduction in emissions, with nitrogen oxides reduced by 85% and particulate matter by 95%, while fuel costs can decrease by 30%-55% [2] Policy Analysis - China has implemented multiple top-level policies, such as the "2030 Carbon Peak Action Plan," to support the LNG oil-to-gas industry, focusing on energy structure optimization and infrastructure improvement [5][6] - Local policies, like the LNG refueling station layout plan in Hunan Province, aim to address refueling bottlenecks and enhance user confidence in LNG vehicles [5] Industry Chain - The LNG oil-to-gas industry chain consists of upstream gas source development, midstream storage and transportation infrastructure, and downstream application expansion [6] - Upstream includes natural gas extraction and importation, while midstream focuses on vehicle retrofitting and LNG refueling infrastructure [6] Current Development Status - China's energy structure shows a "rich coal, poor oil, and scarce gas" characteristic, leading to a growing supply-demand gap for natural gas [7] - LNG demand has rapidly increased due to policies promoting "coal-to-gas" and "oil-to-gas" transitions, with LNG's superior peak-shaving capabilities making it a key transitional energy source [7][8] Market Performance - The LNG oil-to-gas market is projected to grow significantly, with an estimated market size of approximately 760 billion yuan in 2024, expected to reach around 900 billion yuan by 2025 [9] - The number of LNG refueling stations is anticipated to exceed 7,000 by 2025, enhancing the refueling network across the country [8][9] Future Trends - The industry is expected to evolve towards three main trends: intelligent upgrades across the entire chain, low-carbon and hydrogen energy integration, and regional market differentiation alongside global resource integration [10][11][12] - Intelligent upgrades will enhance efficiency and safety through advanced technologies like IoT and AI, while low-carbon initiatives will focus on integrating LNG with renewable energy sources [10][11] - The market will see a differentiated layout domestically, with high-density LNG refueling networks in key regions, and internationally, Chinese companies will expand their global LNG resource footprint [12]

Core Viewpoint - ST Guangwu (600603.SH) has announced its intention to apply for the removal of other risk warnings on its stock, believing it meets the necessary conditions as per the Shanghai Stock Exchange regulations [1] Summary by Relevant Sections - **Company Decision**: The company's 11th Board of Directors held its 7th meeting in 2025, where it approved the application to the Shanghai Stock Exchange for the removal of other risk warnings on its stock [1]

Core Viewpoint - ST Guangwu (600603.SH) has conducted a self-inspection in accordance with the relevant provisions of the Shanghai Stock Exchange's listing rules and confirmed that it does not meet any conditions for additional risk warnings [1] Group 1 - The company plans to apply to the Shanghai Stock Exchange for the removal of the additional risk warning on its stock [1] - As of the announcement date, the company meets the conditions outlined in Article 9.8.8 regarding the application for the removal of additional risk warnings [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00603 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 125,000,000,000 | HKD | | 0.01 | HKD | | 1,250,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 125,000,000,000 | HKD | | 0.01 | HKD | | 1,250,000,000 | 本月底法定/註冊股本總額： HKD 1,250,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF ...

China Oil And Gas Group Limited (the "Company") – Notice of Availability Notice of publication of Interim Report (the "Current Corporate Communication") The Current Corporate Communication of the Company has been published in English and Chinese languages and are available on the website of the Company at www.hk603.com and the HKEXnews (the "HKEXnews") website at www.hkexnews.hk. (incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock code 股份代號: 603) 17 September 2025 Dear non-registered sha ...

(incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock code 股份代號: 603) Dear registered shareholder(s), 17 September 2025 China Oil And Gas Group Limited (the "Company") – Notice of Availability Notice of publication of Interim Report (the "Current Corporate Communication") Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited under the expansion of paperless listi ...

(Incorporated in Bermuda with Limited Liability) Stock Code: 603 INTERIM REPORT 2025 中期報告 C M Y CM MY CY CMY K ai17575524225_China Oil and Gas IR2025 Cover V02A OP.pdf 1 11/9/2025 上午9:00 Contents 目錄 Page 頁次 | Enterprise Culture | 企業文化 | 2 | | --- | --- | --- | | Natural Gas Distribution Business in China | 中國天然氣分銷業務 | 3 | | Oil and Gas Production Business in Canada | 加拿大油氣生產業務 | 4 | | Corporate Information | 公司資料 | 5 | | Condensed Consolidated Statement of Comprehensive Income | 簡明綜合全面收益表 | 7 | | Condensed ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 中油燃氣集團有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00603 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 125,000,000,000 | HKD | | 0.01 | HKD | | 1,250,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 125,000,000,000 | HKD | | 0.01 | HKD | | 1,250,000,000 | 本月底法定/註冊股本總額： HKD 1,250,0 ...

中油燃气（00603）发布截至2025年6月30日止6个月中期业绩，该集团取得营业额78.9亿港元，同比减 少15.09%；公司拥有人应占溢利2.51亿港元，同比减少6.72%；每股盈利4.8港仙。 来源：新浪港股 ...

Core Viewpoint - The company reported a decline in revenue and profit for the six months ending June 30, 2025, while implementing measures to enhance the efficiency of its gas business [1] Financial Performance - The company achieved a revenue of HKD 7.89 billion, a year-on-year decrease of 15.09% [1] - Profit attributable to shareholders was HKD 251 million, down 6.72% year-on-year [1] - Earnings per share stood at HKD 0.048 [1] Gas Business Efficiency - The company adopted a strategy of "strengthening the fundamentals, stabilizing the main business, and addressing losses" to ensure stable development of its gas business [1] - The gas extraction rate remained high at 99%, with the average procurement price decreasing by RMB 0.04 per cubic meter year-on-year [1] - An innovative "resource pool + collective transportation" model was implemented to effectively address regional shortages [1] User Growth and Gas Volume - The total number of residential users exceeded 2.16 million, while industrial and commercial users surpassed 20,000 [1] - Gas sales volume reached 2.305 billion cubic meters, and gas transmission volume was 1.332 billion cubic meters [1]