Core Viewpoint - The company has signed an EPC contract worth $2.524 billion with the Basra Oil Company in Iraq for a seawater pipeline project, which is expected to positively impact its revenue and profit over the next 4-5 years [1] Group 1 - The contract amount is approximately 180.32 billion RMB [1] - The project duration is 54 months, consisting of 42 months for design, procurement, construction, and trial operation, followed by 12 months for operation maintenance and training [1] - Successful implementation of the project is anticipated to have a positive effect on the company's future operating income and total profit [1]

中油工程表示，该合同对公司本年度的资产总额、净资产和净利润等不构成重大影响，但将对未来3到4 年的营业收入和利润总额产生一定的积极影响。 该项目始于阿布扎比HABSHAN油田气体处理厂，终端位于RUWAIS工业区液化天然气厂，包括长约 25.8千米的56寸天然气管线、154.7千米的52寸天然气管线，以及伴行光缆、31处非开挖穿越、3座收发 球站和6座阀室，项目达成临时验收的计划工期为36个月，之后进入12个月质保期。 中化新网讯 9月21日，中油工程发布公告，公司全资子公司中国石油管道局工程有限公司近日与 ADNOC Gas Operations & Marketing L.L.C.就阿联酋液化天然气(LNG)输送管线项目签署EPC承包合同， 合同金额5.13亿美元(约36.88亿元人民币)。 据悉，ADNOC Gas是阿布扎比国家石油公司的控股子公司，是全球领先的一体化气体生产和运营商之 一，主营业务包括天然气处理、LNG运营、气体输送管线等，满足阿联酋60%以上的气体产品需求。 ...

Group 1 - Company signed an EPC contract worth $513 million (approximately 3.688 billion RMB) with ADNOC Gas for the UAE LNG pipeline project [2][3] - The project has a construction period of 36 months followed by a 12-month warranty period [3] - Successful implementation of the project is expected to positively impact the company's revenue and profit over the next 3-4 years [3] Group 2 - Company has recently secured multiple large contracts in the Middle East, including a $2.524 billion (approximately 18.032 billion RMB) contract for the Iraq seawater pipeline project [4] - As of June 2025, the company's contract liabilities reached 35.15 billion RMB, showing consistent growth over the past three years [4] - Revenue from overseas markets accounted for 28.83% of the company's total income in the first half of 2025 [4]

Group 1 - Global Printing announced that shareholder Hong Kong Yuanshi International Co., Ltd. plans to reduce its stake by up to 3.2004 million shares, accounting for 1% of the total share capital, due to personal funding needs [1] - Sunflower intends to acquire 100% equity of Xi Pu Materials and 40% equity of Zhejiang Beid Pharmaceutical through a combination of share issuance and cash payment, with stock resuming trading on September 22, 2025 [1][2] - Crown Zhong Ecology is planning a change in control, leading to a temporary suspension of its stock and convertible bonds due to significant uncertainties [2] Group 2 - China Oil Engineering's wholly-owned subsidiary signed a $513 million EPC contract for an LNG pipeline project in the UAE, covering approximately 180.5 kilometers of natural gas pipeline with a 36-month construction period [3] - Shanxi Fenjiu announced that shareholder Huachuang Xinrui (Hong Kong) Co., Ltd. plans to reduce its stake by up to 16.2006 million shares, representing no more than 1.33% of the total share capital [4] - Brother Technology's subsidiary received a drug registration certificate for Iopamidol injection, which is included in the national medical insurance catalog [5] Group 3 - Lin Yang Energy is expected to win a bid for a metering equipment project from the State Grid, with an estimated total bid amount of approximately 142 million yuan [6] - Huahai Chengke received approval from the China Securities Regulatory Commission for issuing shares and convertible bonds to purchase assets and raise no more than 800 million yuan in matching funds [8] - Jindi Co. signed a framework agreement to acquire controlling interest in Unico Precision, which specializes in manufacturing gears and automotive parts [10] Group 4 - Ruifeng High Materials announced that its major shareholder plans to reduce its stake by up to 2.4 million shares, accounting for 0.9584% of the total share capital [12] - Changliang Technology's director plans to reduce his stake by 1.05 million shares, representing 0.129% of the total share capital [14] - Zhongjing Food's director plans to reduce his stake by up to 150,000 shares, accounting for 0.10% of the total share capital [16] Group 5 - Haitai Technology announced that two shareholders plan to reduce their stakes by a total of up to 2.53% of the total share capital [18] - Zhenlei Technology's chairman is under detention but the company states that control has not changed and operations remain normal [20] - Huakang Co. plans to distribute a cash dividend of 0.2 yuan per share, totaling approximately 60.61 million yuan [19]

Industry News - China's pumped storage capacity has reached 62.365 million kilowatts, achieving the "14th Five-Year Plan" target of 62 million kilowatts as of August 2023, maintaining the world's leading position for nine consecutive years [2] - In August, the National Energy Administration issued 271 million green certificates, with 55.99% being tradable, reflecting a growing trend in renewable energy projects [2] - A new discovery of 760 million tons of coal resources in Anhui province is significant for ensuring strategic reserves in the region [3] - Shanxi province reported a record coalbed methane production of 9.81 billion cubic meters in the first eight months of 2023, accounting for 81.3% of the national output [3] - The first fully autonomous 500 kV substation in China has been put into operation in Liaoning, enhancing grid safety and the ability to transmit renewable energy [3] - The first salt cavern gas storage facility in China has completed its expansion, significantly improving its injection and extraction capacity [3] - The Dashi Gorge Water Conservancy Project in Xinjiang has begun water storage, expected to generate over 1.8 billion kilowatt-hours of clean electricity annually [4] Corporate News - China Power Construction Company signed 3,579 energy and power projects from January to August 2023, with a contract value of 516.24 billion yuan, marking a 14.3% year-on-year increase [7] - China National Petroleum Engineering's subsidiary signed a $513 million contract for a LNG pipeline project in the UAE, with a construction period of 36 months [7]

Core Viewpoint - The company announced its semi-annual profit distribution plan for 2025, detailing a cash dividend of 0.0130 yuan per share, totaling approximately 72.58 million yuan for all shareholders [2][3]. Distribution Plan - The distribution is based on a total share capital of 5,583,147,471 shares, with a cash dividend of 0.0130 yuan per share (before tax) [3]. - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the record date [3]. Relevant Dates - The company held its annual general meeting on June 19, 2025, to approve the profit distribution plan, which was subsequently authorized by the board on August 21, 2025 [2]. Taxation Details - Individual shareholders holding shares for over one year are exempt from personal income tax on dividends, while those holding for one year or less will have taxes deducted upon sale of shares [6]. - For qualified foreign institutional investors (QFIIs), a 10% withholding tax applies, resulting in a net dividend of 0.0117 yuan per share [7]. Contract Signing Announcement - The company’s subsidiary signed an EPC contract worth 513 million USD (approximately 3.688 billion yuan) with ADNOC Gas for a gas pipeline project in the UAE [12][15]. - The project has a construction period of 36 months, followed by a 12-month warranty period [18]. Impact on Company Performance - The contract is expected to positively influence the company's revenue and profit over the next 3-4 years, although it will not significantly impact the current year's financials [12][20]. Guarantee Situation - In August 2025, the company and its subsidiaries executed 34 guarantees totaling approximately 2.78 million yuan, all of which were credit guarantees [23][26]. - The total guarantee balance as of August 31, 2025, was approximately 45.49 billion yuan, representing 171.57% of the company's audited net assets as of December 31, 2024 [24][26].

Group 1 - Guanzhong Ecological is planning a change in control and will suspend trading from September 22, 2025, for up to two trading days [1] - Sunflower intends to acquire 100% equity of Xipu Materials and 40% equity of Beid Pharmaceutical, with trading resuming on September 22, 2025 [1] - Jintou City Development is adjusting its major asset restructuring plan [1] - Zhongke Tongda has terminated its major asset restructuring project [1] Group 2 - Huitian Co., Ltd. and other companies are planning to list in Hong Kong [2] - Taotao Automotive has approved its application for an initial public offering of H shares in Hong Kong [2] - Longxun Co., Ltd. is also planning to issue H shares and apply for listing in Hong Kong [2] Group 3 - Four companies will receive risk warnings, including Fudan Fuhua, which will change its stock name to ST Fuhua and be subject to a 5% price limit [3][4] - Juewei Food will also change its stock name to ST Juewei and be subject to a 5% price limit [3] - Chuangyi Information will change its stock name to ST Chuangyi and be subject to a 20% price limit [4] - Sikui will change its stock name to ST Sikui and be subject to a 20% price limit [4] Group 4 - Multiple companies are undergoing executive personnel changes, including China Petroleum, where Huang Yongzhang has resigned as president [6] - Huashan City A has seen the resignation of its chairman and vice chairman due to retirement and job changes [6] - China Ruilin's chairman has resigned due to age reasons [6] Group 5 - Sunflower is planning a major asset restructuring involving the acquisition of Xipu Materials and Beid Pharmaceutical, focusing on high-end semiconductor materials [9] - Jintou City Development is adjusting its major asset restructuring plan to sell real estate assets while retaining property management [10] - Zhongke Tongda has terminated its planned acquisition of a technology company due to failure to reach agreement on key terms [11] Group 6 - ST King Kong has been accepted for reorganization by the court, and its stock will be subject to additional delisting risk warnings [12] - ST New Power is under investigation by the China Securities Regulatory Commission for information disclosure violations [14] - Zhenlei Technology's chairman is under detention but the company states that control has not changed [14] Group 7 - Guotai Environmental has had its chairman's detention lifted, allowing him to resume duties [15] - Pingming Technology is planning a major matter that may lead to a change in control, resulting in continued suspension of trading [15] Group 8 - Shunhao Co., Ltd. plans to repurchase shares with a total amount between 100 million and 200 million yuan [16] - Baoli International is considering an investment in semiconductor testing equipment company Hongtai Technology [16] - Jindi Co., Ltd. is acquiring control of Guangzhou Yuni Precision Co., Ltd. [17] Group 9 - SF Holding reported a revenue of 24.787 billion yuan in August 2025, a year-on-year increase of 7.86% [18] - China Oil Engineering signed an EPC contract worth 513 million USD for a gas pipeline project in the UAE [18] - Linyang Energy is a recommended candidate for a procurement project with a total expected amount of approximately 142 million yuan [19] Group 10 - Wuzhou Transportation's major shareholder plans to increase its stake with a loan commitment of up to 153 million yuan [21] - Shanxi Fenjiu's shareholder plans to reduce its stake by up to 16.2006 million shares [21][22]

Major Events - Zhenlei Technology's actual controller and chairman, Yu Faxin, has been placed under custody by the Huangshi Municipal Supervisory Committee, but the company's control remains unchanged, and daily operations are managed by senior management [2] - ST Gaohong's stock price has closed below 1 yuan for fifteen consecutive trading days, raising the risk of delisting due to the Shenzhen Stock Exchange's regulations [2] - Sunflower plans to acquire 100% equity of high-end semiconductor materials company Xipu Materials and 40% equity of Zhejiang Beid Pharmaceutical, with stock resuming trading on September 22, 2025 [3] - Guotai Environmental's chairman, Chen Baixiao, has had his custody measures lifted and can resume normal duties [4] - Xingye Technology's stock price has shown abnormal fluctuations, but the company confirms that there are no undisclosed significant matters [5] - Taimusi's stock price has also experienced abnormal fluctuations, with a potential risk of significant price drop after a surge, as control changes are pending [5] - Guanzhong Ecology is planning a change in control, leading to a temporary suspension of its stock [5] Shareholding Changes - Changfei Fiber's major shareholder, Draka Comteq B.V., has reduced its stake by 5% through a block trade [6] - Shanxi Fenjiu's shareholder Huachuang Xinrui plans to reduce its stake by up to 1.33% due to fund exit arrangements [7] - Xiugang Co.'s major shareholders plan to reduce their holdings by up to 1.06% for personal funding needs [8] - Haitai Technology's shareholders plan to collectively reduce their holdings by 2.53% through trading [9] Major Contracts - China Oil Engineering's subsidiary has signed a $513 million contract for an LNG pipeline project in the UAE, expected to positively impact future revenues and profits [10]

Core Viewpoint - China National Petroleum Engineering Company (中油工程) has signed an EPC contract worth $513 million (approximately 3.688 billion RMB) with ADNOC Gas for the UAE LNG pipeline project, which is expected to positively impact the company's revenue and profit over the next 3-4 years [1] Group 1 - The contract is for the construction of natural gas pipelines for the Bab and Bu Hasa oil fields in Abu Dhabi [1] - The construction period is set for 36 months, followed by a 12-month warranty period [1] - The contract is not expected to have a significant impact on the company's performance for the current year [1]

Core Viewpoint - China Petroleum Engineering Corporation (CPE) has signed an EPC contract worth $513 million with ADNOC Gas for the UAE LNG transportation pipeline project in Abu Dhabi [1] Group 1 - The contract is for the natural gas pipeline project at the Bab and Bu Hasa oil fields in the United Arab Emirates [1] - The contract amount is approximately 3.688 billion RMB based on the exchange rate on the project award date [1]