Core Viewpoint - China National Petroleum Engineering (中油工程) reported a year-on-year increase in revenue for the first half of 2025, but a decline in net profit and earnings per share [2] Financial Performance - The company's operating revenue for the first half of 2025 was approximately 36.287 billion yuan, representing a year-on-year increase of 12.18% [2] - The net profit attributable to shareholders was about 470 million yuan, showing a year-on-year decrease of 10.87% [2] - Basic earnings per share were 0.0842 yuan, which is a decrease of 10.9% compared to the previous year [2]

Core Viewpoint - The evaluation of China Petroleum Group Finance Co., Ltd. (hereinafter referred to as "the Company") indicates that it possesses valid financial licenses and operates under a sound internal control system, ensuring effective risk management and compliance with regulatory standards [1][5][9]. Basic Information - The Company was approved to establish by the relevant authorities, with a total registered capital of 1,639,527.31 million yuan, representing 100% ownership [1]. - The Company is authorized to conduct various financial activities, including deposit acceptance, loan processing, and investment in fixed-income securities [2]. Internal Control Overview - The Company has established a governance structure that includes a Party Committee, Shareholders' Meeting, Board of Directors, and Supervisory Board, ensuring compliance with the Company Law and other regulations [3][4]. - The internal control system is designed to manage risks effectively, including financial, credit, and investment risks, with a focus on prudent operations and compliance [6][8]. Risk Management - The Company has developed a comprehensive risk management framework, continuously improving its risk assessment processes and compliance checks [5][7]. - As of June 30, 2025, the Company reported a net interest income of 2.478 billion yuan and a total profit of 3.884 billion yuan, indicating strong financial performance [8]. Compliance and Regulatory Standards - The Company has not experienced any significant compliance losses or regulatory penalties, demonstrating effective risk control measures [9]. - The liquidity and safety of deposits are well-managed, with no instances of delayed payments due to insufficient cash positions [10].

证券代码：600339 证券简称：中油工程 公告编号：临 2025-039 中国石油集团工程股份有限公司 关于续聘 2025 年度财务审计机构及聘任 2025 年度内控审计机构的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 原聘任的财务审计机构和内控审计机构名称：分别为信永中和会计师事务所 （特殊普通合伙） （以下简称"信永中和"）和北京中天恒会计师事务所（特殊普通合 伙）（以下简称"北京中天恒"）。 ● 拟聘任的财务审计机构和内控审计机构名称：信永中和。 ● 变更内控审计机构的简要原因及前任审计机构的异议情况：鉴于中国石油集 团工程股份有限公司（以下简称"公司"）与信永中和、北京中天恒的财务审计和内 控审计服务合同已到期，公司按照《国有企业、上市公司选聘会计师事务所管理办法》 的相关规定，采用公开招标的方式选聘 2025 年度财务审计和内控审计机构，并根据 招标结果，拟聘任信永中和为 2025 年度财务审计和内控审计机构。公司已与北京中 天恒就不再续聘及相关事宜进行了事先沟通，北京中天恒就本次变更 ...

Core Points - The article outlines the internal control evaluation management measures of China Petroleum Engineering Corporation, aiming to assess the effectiveness of internal controls and promote continuous optimization [1][2] - The evaluation process is governed by principles of comprehensiveness, significance, and objectivity, ensuring a thorough assessment of internal controls across various business units [1][2] Group 1: General Principles - The internal control evaluation aims to comprehensively assess the design and operational effectiveness of internal controls, identifying and mitigating operational risks [1] - The evaluation applies to the company's headquarters, wholly-owned or controlled subsidiaries, and other business units confirmed by the company [1] Group 2: Organizational Structure and Responsibilities - The company's Discipline Inspection Office (Audit Department) is responsible for the comprehensive management of the internal control evaluation, including organizing the evaluation and preparing reports for the board [2] - The Audit and Risk Committee of the board reviews the internal control evaluation report before it is submitted for board approval [2] Group 3: Evaluation Content - The evaluation covers various elements such as internal environment, risk assessment, control activities, information and communication, and internal supervision [3][4][5][6] - Specific evaluations include assessing the internal environment based on organizational structure, development strategy, human resources, corporate culture, and social responsibility [3] Group 4: Evaluation Process - The internal control evaluation process includes developing a work plan, forming an evaluation team, conducting on-site tests, identifying control deficiencies, and compiling evaluation reports [5][6] - The evaluation team employs various methods such as interviews, surveys, discussions, and sampling to gather evidence on the effectiveness of internal controls [6] Group 5: Reporting and Approval - The internal control evaluation report must include the board's declaration of the report's authenticity, an overview of the evaluation work, and details on deficiencies and corrective measures [7][8] - The report is to be disclosed or submitted to relevant departments within four months after the evaluation date [8] Group 6: Supervision and Assessment - The company incorporates internal control evaluation into performance management, providing assessment feedback and consequences for violations of the evaluation procedures [9][10] - Violations of the internal control evaluation management measures may lead to criticism or accountability for responsible parties [9][10]

中国石油集团工程股份有限公司 股东会和董事会议案管理办法 第一章 总 则 第一条 为进一步规范中国石油集团工程股份有限公司（以 下简称"公司"）股东会、董事会议案管理工作，提升公司治理 水平和决策效能，根据《中华人民共和国公司法》《上市公司治 理准则》等法律法规以及《中国石油集团工程股份有限公司章程》 《中国石油集团工程股份有限公司股东会工作规则》《中国石油 集团工程股份有限公司董事会工作规则》等相关规定，结合公司 实际，制定本办法。 第二条 本办法所称议案是指《公司章程》《股东会议事规 则》和《董事会议事规则》规定的有权提案人按照规定程序提请 股东会、董事会审议或向股东会、董事会报告的正式文件材料。 董事会汇报事项、提交董事会专门委员会审议的议案可参照执行。 第三条 本办法所称董事会议案有权提案人包括： 第五条 本办法适用于公司本部、分公司、全资子公司对公 司股东会及董事会议案的征集、编制、审核与执行等管理。控股 公司、实际控制企业通过法定程序执行本办法，参股公司参照执行。 第二章 议案管理基本程序 第六条 议案管理工作坚持规范有序、精准高效、安全保密 的原则。议案管理基本程序包括议案征集与提报、准备与编制 ...

Core Points - The article outlines the investment management measures of China Petroleum Engineering Group Co., Ltd. to enhance investment efficiency and reduce risks [1] - The investment management framework is designed to comply with national laws and regulations, align with the company's development strategy, and ensure the safety of funds [1][2] - The company categorizes investments into short-term and long-term, with specific guidelines for each type [2] Investment Principles - Major investments must adhere to national laws, align with the company's strategic goals, and focus on risk prevention [1] - Investments requiring government approval must follow necessary procedures to ensure compliance with macroeconomic policies [2] Decision-Making Authority - The Board of Directors and the Shareholders' Meeting are the decision-making bodies for investments, with significant projects requiring prior review by the company's Party Committee [7] - Investments meeting certain thresholds must be approved by the Board and then submitted to the Shareholders' Meeting for approval [8][9] Internal Control - The Development Planning Department is responsible for managing investment projects, including feasibility studies and final investment decision reviews [16] - Various departments, including Finance, Market Analysis, and Project Management, have specific roles in evaluating and overseeing investment projects [18][20] Annual Investment Planning - The annual investment plan consists of a framework plan and batch plans, with the framework plan requiring approval from the Party Committee and the Board of Directors [24][25] - Projects included in the batch plan must comply with the overall investment scale and have completed the necessary approval procedures [27] Implementation and Supervision - After approval, the designated department or subsidiary leads the implementation of investment projects [28] - The Strategic and ESG Committee, along with the Audit and Risk Committee, has the authority to supervise and inspect investment activities [30] Information Disclosure - The company must adhere to legal requirements for information disclosure related to investments, ensuring that all provided information is accurate and timely [32][33]

Core Viewpoint - The company has established internal accountability management regulations to enhance its governance structure, improve decision-making and management levels, and ensure that directors and management fulfill their responsibilities [1][2]. Chapter Summaries Chapter 1: General Principles - The regulations aim to improve the company's governance structure and internal constraints, promoting accountability among directors and senior management [1]. - Internal accountability refers to the responsibility for negligence or failure to perform duties that negatively impact the company [1]. Chapter 2: Scope of Accountability - The accountability scope includes failure to fulfill responsibilities, serious violations by subordinates, major decision-making process violations, and misuse of funds [2]. - It also covers breaches of confidentiality, insider trading, and violations of information disclosure regulations [2]. Chapter 3: Accountability Procedures - Any department or individual can report non-compliance by accountable persons, with the company's disciplinary office responsible for collecting relevant information [3][4]. - The accountability process includes a review by the board of directors and the general manager, with specific procedures for holding directors and senior management accountable [4]. Chapter 4: Accountability Measures and Assessment - Upon confirmation of violations, various accountability measures can be taken, including reprimands, demotions, or termination [5][6]. - Performance assessments may be adjusted based on regulatory actions taken against responsible individuals, with potential deductions from annual performance bonuses [5][8]. Chapter 5: Supplementary Provisions - The regulations take precedence over conflicting internal rules and apply to subsidiary and middle management personnel [10]. - The company's disciplinary office is responsible for interpreting and revising these regulations, which take effect upon approval by the board of directors [10].

Core Viewpoint - The report highlights the financial performance and strategic direction of China Petroleum Engineering Co., Ltd. for the first half of 2025, emphasizing revenue growth, project execution, and market expansion in both domestic and international sectors [1][2]. Financial Performance - The company reported a revenue of 36.29 billion yuan, a 12.18% increase compared to the same period last year [2][6]. - Total profit amounted to 767.71 million yuan, reflecting an 8.31% decrease year-on-year [2][6]. - Net profit attributable to shareholders was 470.12 million yuan, down 10.87% from the previous year [2][6]. - The net cash flow from operating activities was -1.53 billion yuan, showing significant improvement compared to -7.05 billion yuan in the previous year [2][6]. Business Operations - The company aims to become a world-class energy engineering service provider, focusing on traditional oil and gas engineering while expanding into LNG, marine engineering, and environmental engineering [3][4]. - The operational model includes comprehensive project management from consulting to execution, covering the entire value chain of engineering services [3][4]. Market Development - New contracts signed totaled 734.01 billion yuan, a 3.10% decrease year-on-year, with domestic contracts accounting for 68.42% and international contracts 31.58% [6][7]. - The company successfully secured significant projects in high-end chemicals and new materials, reinforcing its market position [7][8]. Industry Context - The domestic economy showed a robust growth of 5.3%, with a focus on new energy and materials, driven by government policies supporting green and digital transformation [4][5]. - Internationally, oil prices remained stable amid geopolitical tensions, providing opportunities for engineering service providers [5][6]. Technological Innovation - The company has made strides in technology development, with 124 research achievements and 105 new patents granted, including 58 invention patents [10][11]. - Emphasis on digital transformation and AI applications in engineering projects has been a key focus area [10][11]. Governance and Risk Management - The company has implemented reforms to enhance governance, including the establishment of an ESG management framework, which has improved its ESG rating to "AA" [11][12]. - Risk management strategies have been strengthened, particularly in quality, health, safety, and environmental (QHSE) aspects, achieving a 100% acceptance rate for engineering quality [12][13].

Core Viewpoint - China Petroleum Engineering Corporation reported a total asset increase of 8.85% year-on-year, reaching approximately 118.03 billion yuan as of June 30, 2025, compared to 108.44 billion yuan at the end of the previous year [1] Financial Performance - The company's operating revenue for the reporting period was approximately 36.29 billion yuan, reflecting a year-on-year increase of 12.18% from 32.35 billion yuan [1] - Total profit for the period was approximately 767.71 million yuan, showing a decrease of 8.31% compared to 837.25 million yuan in the same period last year [1] - Net profit attributable to shareholders was approximately 432.00 million yuan, down 14.73% from 506.61 million yuan year-on-year [1] - The net cash flow from operating activities was approximately -1.53 billion yuan, compared to -7.05 billion yuan in the previous year, indicating an improvement in cash flow [1] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 79,288 [2] - The largest shareholder is China National Petroleum Corporation, holding a significant stake in the company [2]

Core Viewpoint - The company has announced a cash dividend distribution plan for the 2025 interim period, with a payout of 0.13 yuan per 10 shares, based on the total share capital as of June 30, 2025 [1][2]. Group 1: Profit Distribution Plan - The total undistributed profit of the company as of June 30, 2025, is approximately 1.04 billion yuan [1]. - The profit distribution plan is based on a total share capital of 5.58 billion shares, with a distribution amounting to 15.44% of the net profit attributable to shareholders, which is approximately 470.12 million yuan [1][3]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares as part of this distribution [1]. Group 2: Decision-Making Process - The company held its annual general meeting on June 19, 2025, where the profit distribution proposal was authorized, allowing the board to decide on the distribution plan without further shareholder approval [2]. - The board of directors unanimously approved the profit distribution plan during its meeting on August 21, 2025, confirming compliance with the company's profit distribution policy [3]. - The audit and risk committee reviewed the distribution plan on August 15, 2025, and deemed it aligned with regulatory requirements and beneficial for shareholder returns [3].