Core Viewpoint - Dazhong Public (600635.SH/01635.HK) was awarded the "Annual A+H Outstanding Enterprise Award" at the recent Gelonghui "Golden Award" annual selection, reflecting its strong performance in a complex market environment and the effectiveness of its dual-driven strategy for future growth [1] Group 1: 2025 Year-End Review - In 2025, Dazhong Public's A-share price increased by 52.57%, with a peak increase exceeding 90%, while H-shares rose by 86.72%, with a maximum increase over 160%, indicating a positive market re-evaluation of the company's value [1] - The company's net profit saw a year-on-year growth of over 200% in the first three quarters of 2025, with a non-recurring net profit reaching 309 million yuan, up 104.79%, showcasing significant improvement in core profitability [4] - By the end of Q3 2025, the company's debt-to-asset ratio was 54.06%, maintaining a reasonable level, and its net cash flow from operating activities surged by 93.84% to 944 million yuan, exceeding net profit, which supports ongoing dividends and new project investments [5] Group 2: Dual-Driven Strategy - Dazhong Public operates under a unique "public utility + financial investment" dual-driven model, with the public utility sector providing stable cash flow and acting as a "ballast" for overall operations [7] - The pipeline gas supply business remains the primary revenue source, with significant advantages in seven administrative regions and exclusive service in Nantong, creating a strong supply barrier [8] - The investment sector serves as a "growth engine," with the company actively managing existing projects and benefiting from its stake in Shenzhen Innovation Investment Group, which has led to multiple successful IPOs in 2025 [9][10] Group 3: 2026 Outlook - The first main line for 2026 focuses on "safety and renovation" in the public utility sector, with investments in pipeline upgrades and smart management expected to enhance operational efficiency and stability [11] - The second main line comes from the value realization of the investment sector, with anticipated A-share market inflows of 2 trillion yuan and an IPO scale of 200 billion yuan in 2026, indicating a favorable environment for technology companies [12] - Overall, Dazhong Public's dual-driven strategy has not only achieved significant results in 2025 but also laid a solid foundation for growth in 2026, offering stable dividends while maintaining patience for the realization of technology investments [13]

Core Viewpoint - Dazhong Public (600635.SH/01635.HK) has been awarded the "Annual A+H Outstanding Enterprise Award" at the recent Gelonghui "Golden Award" annual selection, reflecting its strong performance in a complex market environment and the effectiveness of its dual-driven strategy for future growth [1] Group 1: 2025 Year-End Review - In 2025, Dazhong Public's A-share price increased by 52.57%, with a peak rise exceeding 90%, while H-shares surged by 86.72%, reaching a maximum increase of over 160%, indicating a positive market re-evaluation of the company's value [1] - The company achieved a net profit growth of over 200% year-on-year in the first three quarters of 2025, with a non-recurring net profit of 309 million yuan, reflecting a significant improvement in core profitability [3] - Dazhong Public optimized its financial structure, maintaining a debt-to-asset ratio of 54.06% and achieving a 93.84% increase in net cash flow from operating activities to 944 million yuan, supporting ongoing dividends and new project investments [4] Group 2: Dual-Driven Strategy - Dazhong Public operates under a unique "public utility + financial investment" dual-driven model, with the public utility sector providing stable cash flow and serving as a financial backbone [6] - The company's pipeline gas supply business remains its primary revenue source, with significant advantages in specific administrative regions, creating a strong supply barrier [6] - The investment segment acts as a growth engine, with Dazhong Public actively managing existing projects and benefiting from its stake in Shenzhen Innovation Investment Group, which has led to multiple successful IPOs in 2025 [8] Group 3: 2026 Outlook - The first main line for 2026 focuses on "safety and transformation" in the public utility sector, emphasizing pipeline upgrades and smart management to enhance operational efficiency [9] - The second main line derives from the value realization of the investment segment, with expectations of significant capital inflow into the A-share market and an anticipated IPO scale of 200 billion yuan in 2026 [10] - Dazhong Public's dual-driven strategy has not only yielded significant results in 2025 but also laid a solid foundation for its development in 2026, offering investors stable dividends while maintaining patience for the realization of technology investments [11]

截至2026年1月13日 15:00，国证石油天然气指数(399439)上涨0.81%，成分股中海油服上涨6.03%，招商 轮船上涨4.77%，石化油服上涨4.37%，中曼石油上涨3.64%，中国海油上涨3.57%。油气ETF(159697)上 涨1.15%， 冲击4连涨。最新价报1.23元，今日净申购1500万份。 油气ETF紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相关上 市公司的证券价格变化情况。 数据显示，截至2025年12月31日，国证石油天然气指数(399439)前十大权重股分别为中国石油、中国石 化、中国海油、杰瑞股份、广汇能源、招商轮船、新奥股份、九丰能源、中远海能、大众公用，前十大 权重股合计占比67.11%。 消息面上，根据Raytad Energy预测，2025年全球上游勘探开发支出预计在6000亿美元左右，同比下降 4%，其中深水领域投资预计下降6%。得益于我国长期以来的增储上产战略，2019年以来我国原油产量 止跌回升，天然气产量稳步增长，19-24年我国原油产量CAGR为2.2%，天然气产量CAGR为7.3%。 油气ETF(159697)，场外联接 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300435 | 中泰股份 | 31.60 | 20.02% | 48.97万 | 14.62亿 | | 000593 | 德龙汇能 | 14.39 | 10.02% | 34.21万 | 4.79亿 | | 605090 | 九丰能源 | 50.95 | 9.22% | 42.77万 | 21.38亿 | | 920010 | 凯添燃气 | 11.96 | 3.37% | 8.02万 | 9509.84万 | | 605368 | 蓝天燃气 | 8.02 | 2.17% | 13.17万 | 1.05亿 | | 600635 | 大众公用 | 7.17 | 1.56% | 156.27万 | 11.26亿 | | 600617 | 国新能源 | 3.29 | 1.54% | 40.57万 | 1.32亿 | | 601139 | 深圳燃气 | 6.72 | 1.20% | 19.40万 | 1.30亿 | | 920014 | 特瑞斯 | 12. ...

消息面上，全球区域局势持续推升油价，油运市场景气上行。国内方面，2025年，华北油田原油年产量 突破500万吨。这是自2024年以来，该油田原油年产量连续两年突破500万吨。 油气ETF紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相关上 市公司的证券价格变化情况。 数据显示，截至2025年12月31日，国证石油天然气指数(399439)前十大权重股分别为中国石油、中国石 化、中国海油、杰瑞股份、广汇能源、招商轮船、新奥股份、九丰能源、中远海能、大众公用，前十大 权重股合计占比67.11%。 油气ETF(159697)，场外联接(A：019827；C：019828；I：022861)。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 东方证券指出， 委内瑞拉短期原油出口或仍受限，长期出口或合法化提振合规市场油运需求。2025年 委内瑞拉原油产量约占全球1%，原油海运出口量约占全球2%。其中原油海运出口中约17%出口至美 国，五成以上通过影子船队出口至亚洲。短期看，2025年12月委内瑞拉原油海运量环比下降7%，影响 相对有限。长期看，若美国增加对委内瑞拉石 ...

证券日报网讯1月9日，大众公用（600635）在互动平台回答投资者提问时表示，公司不直接持有摩尔线 程。 ...

证券之星消息，1月9日燃气板块较上一交易日上涨0.94%，德龙汇能领涨。当日上证指数报收于 4120.43，上涨0.92%。深证成指报收于14120.15，上涨1.15%。燃气板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000593 | 德龙汇能 | 13.08 | 8.01% | 41.49万 | | 5.27亿 | | 605090 | 九丰能源 | 46.65 | 4.62% | 48.08万 | | 22.19亿 | | 600635 | 大众公用 | 7.06 | 3.67% | 160.16万 | | 11.32亿 | | 603080 | 新疆火炬 | 25.12 | 2.61% | 6.71万 | | 1.67亿 | | 300332 | 天壇能源 | 5.57 | 2.39% | 30.22万 | | 1.67亿 | | 000407 | 胜利股份 | 5.05 | 2.23% | 67.57万 | | 3.40亿 | | 300435 ...

截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 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 公司名稱: 上海大眾公用事業(集團)股份有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01635 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 533,643,000 | RMB | | 1 | RMB | | 533,643,000 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 533,643,000 | RMB | | 1 | RMB | | 533,643,000 ...

Group 1 - The core viewpoint of the news is that the geopolitical situation is driving oil prices higher, with the Venezuelan oil supply being significantly disrupted, leading to a potential short-term increase in oil prices [1] - The China Securities report indicates that Venezuela's oil exports have essentially halted, creating a supply disruption in the global market, with a potential shortfall of around 1 million barrels per day [1] - The current global oil market remains in a supply surplus, with expectations that oil prices will fluctuate between $60 to $70 per barrel despite short-term upward pressure [1] Group 2 - The National Oil and Gas Index (399439) has seen a strong increase of 1.45%, with significant gains in constituent stocks such as Intercontinental Oil and Gas (600759) up 9.21% and Shanghai Petrochemical (600688) up 4.36% [1] - The top ten weighted stocks in the National Oil and Gas Index as of December 31, 2025, include major companies like China National Petroleum (601857) and China Petroleum & Chemical (600028), collectively accounting for 67.11% of the index [2] - The Oil and Gas ETF (159697) closely tracks the National Oil and Gas Index, reflecting the price changes of publicly listed companies in the oil and gas sector [2][3]

证券之星消息，1月5日燃气板块较上一交易日上涨0.94%，升达林业领涨。当日上证指数报收于 4023.42，上涨1.38%。深证成指报收于13828.63，上涨2.24%。燃气板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002259 | 升达林业 | 4.16 | 10.05% | 26.89万 | | 1.10亿 | | 300435 | 中泰股份 | 23.69 | 6.62% | 22.93万 | | · 5.38亿 | | 300483 | 草华燃气 | 14.92 | 5.22% | 14.94万 | | 2.19亿 | | 603080 | 新疆火炬 | 24.79 | 4.95% | 12.49万 | | 3.03亿 | | 002700 | 万憬能源 | 6.98 | 4.02% | 10.24万 | | 7062.32万 | | 605090 | 九丰能源 | 44.63 | 3.55% | 45.55万 | | 20.09亿 | | ...