报告发布方：中金企信国际咨询 项目可行性报告&商业计划书专业权威编制服务机构（符合发改委印发项目可行性研究报告编制要求）-中金企信国际咨询：集13年项目编制服务经验为各 类项目立项、投融资、商业合作、贷款、批地、并购&合作、投资决策、产业规划、境外投资、战略规划、风险评估等提供项目可行性报告&商业计划书编 制、设计、规划、咨询等一站式解决方案。助力项目实施落地、提升项目单位申报项目的通过效率。 （1）水平定向钻穿越行业竞争格局：国内从事水平定向钻穿越的企业较多，但绝大多数规模较小，属于地域性企业，仅能承接实施较为简单的项目。全国 性的具有大型、超大型项目承做能力的企业较少，具有承做全球性项目的企业更是屈指可数。根据《中国非开挖技术行业年鉴》（2022年），目前国内水平 定向钻穿越服务提供商近400家，具有较强的技术和经济实力的，具有大型项目承做能力的、全国性水平定向钻穿越服务提供商数量较少，仅有20余家。 （2）行业内主要企业分析： | 本页 | 企业名称 | 企业简要情况 | | --- | --- | --- | | | 中国石油管道局工程有 限公司 | 管道局公司成立于 2000年,为上市公司中油工程 ...

Core Viewpoint - Xin'ao Co., Ltd. (600803.SH) has announced its plan to go public in Hong Kong, utilizing a unique privatization strategy of Xin'ao Energy (2688.HK) alongside an introduction listing, aiming to create a dual-platform structure and integrate the entire natural gas industry chain [1][2]. Group 1: Company Strategy and Market Position - The transaction involves a share exchange ratio of 2.9427 new Xin'ao shares for each Xin'ao Energy share, plus a cash component of 24.50 HKD per share [2]. - Xin'ao Energy operates primarily in the downstream segment of the natural gas industry, focusing on investment, construction, and management of gas pipeline infrastructure, as well as the sale of pipeline gas and LNG [2][3]. - The integration of Xin'ao Co. and Xin'ao Energy is expected to enhance resource complementarity and business synergy, reinforcing the strategic positioning of a fully integrated natural gas industry chain [3]. Group 2: Market Trends and Listing Strategy - The introduction listing method allows Xin'ao Co. to efficiently establish a dual capital market platform without the need for immediate financing, attracting international investors and enhancing global influence [5]. - The Hong Kong market has seen a surge in companies applying for listings, with 176 new applications in the first half of 2025, indicating a favorable environment for Xin'ao Co.'s upcoming listing [4]. - The introduction listing is particularly advantageous for large-cap companies, which is expected to positively impact Xin'ao Co.'s H-share valuation post-listing [5]. Group 3: Shareholder Response and Market Expectations - Xin'ao Energy's shareholders are set to benefit from a nearly 50% premium in the privatization offer, along with a clear dividend plan for the next four years [6]. - Following the announcement of the transaction, Xin'ao Energy's stock price has significantly increased, reflecting shareholder optimism and increased interest from southbound funds [7]. - Xin'ao Co.'s A-share shareholders have overwhelmingly supported the privatization plan, with over 99.9% approval at the recent annual general meeting [7].

证券日报网讯 8月12日晚间，新奥股份发布公告称，本次股票上市类型为非公开发行股份；股票认购方 式为网下，上市股数为252，808，988股。本次股票上市流通总数为252，808，988股。本次股票上市流 通日期为2025年8月18日。 （文章来源：证券日报） ...

中信建投证券股份有限公司 关于新奥天然气股份有限公司发行股份及支付现金购买资产暨关联 交易限售股解禁上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券""独立财务顾问"） 作为新奥天然气股份有限公司（以下简称"新奥股份""上市公司"或"公司"） 发行股份及支付现金购买新奥（舟山）液化天然气有限公司 90%股权（以下简称 "标的资产"）暨关联交易（以下简称"本次交易"）的独立财务顾问，根据《中 华人民共和国公司法》 《中华人民共和国证券法》 《上市公司证券发行注册管理办 法》 《上市公司重大资产重组管理办法》 《上市公司并购重组财务顾问业务管理办 法》《上海证券交易所股票上市规则》等有关规定和要求，对新奥股份本次交易 发行股份购买资产部分限售股解禁并上市流通事项进行了核查，具体核查情况如 下： 一、本次限售股上市类型 本次限售股上市流通类型为发行股份购买资产限售股，具体情况如下： （一）股票发行的核准情况 新奥股份以发行股份及支付现金相结合的方式购买新奥科技发展有限公司 （以下简称"新奥科技"）、新奥集团股份有限公司（以下简称"新奥集团"）和 新奥控股投资股份有限公司（以下简称"新奥控股"）持 ...

Core Viewpoint - The announcement details the upcoming public listing of 252,808,988 shares from a non-public offering by Xin'ao Natural Gas Co., Ltd., which will be available for trading starting August 18, 2025 [1][4]. Summary by Sections 1. Type of Restricted Shares Listing - The shares being listed are from a non-public issuance aimed at purchasing assets, specifically 90% of the equity in Xin'ao (Zhoushan) Liquefied Natural Gas Co., Ltd. [1][2]. - The shares were issued to Xin'ao Technology Development Co., Ltd. for 45% of the equity, while cash payments were made to Xin'ao Technology, Xin'ao Group, and Xin'ao Holdings for the remaining 25%, 15%, and 5% respectively [1]. 2. Approval and Registration - The China Securities Regulatory Commission approved the issuance on July 29, 2022, allowing the company to issue shares to Xin'ao Technology for asset acquisition [2]. - The new shares were registered on August 16, 2022, and are subject to a 36-month lock-up period [2][3]. 3. Changes in Share Capital - The total number of restricted shares is 252,808,988, and there have been no changes in this number due to stock dividends or capital increases since their formation [3]. 4. Commitments Related to Restricted Shares - Xin'ao Technology has committed to not transferring the shares obtained from this transaction for 36 months post-issuance, with specific conditions for extending this lock-up period if stock prices fall below the issuance price [3][4]. 5. Current Status of Commitments - As of the announcement date, Xin'ao Technology has adhered to its commitments, ensuring no issues affecting the listing of the restricted shares [4]. 6. Financial Advisor's Review - Independent financial advisors confirmed that the release of restricted shares complies with relevant laws and regulations, and there are no objections to the listing of these shares [4][6]. 7. Listing Details - The total number of shares to be listed is 252,808,988, with the listing date set for August 18, 2025 [4][5]. 8. Share Capital Structure Changes - The share capital structure will reflect a decrease in restricted shares from 276,529,005 to 23,720,017, while unrestricted shares will increase from 2,820,558,602 to 3,073,367,590, maintaining a total of 3,097,087,607 shares [5]. 9. Future Plans - The company plans to privatize Xin'ao Energy Holdings Limited and subsequently list it on the Hong Kong Stock Exchange to enhance market competitiveness [5][6].

新奥股份以发行股份及支付现金相结合的方式购买新奥科技发展有限公司 （以下简称"新奥科技"）、新奥集团股份有限公司（以下简称"新奥集团"）和 新奥控股投资股份有限公司（以下简称"新奥控股"）持有的新奥（舟山）液化 天然气有限公司（以下简称"新奥舟山"或"标的公司"）90%股权。其中，公 司向新奥科技发行股份购买其持有的新奥舟山45%股权，向新奥科技、新奥集团、 新奥控股支付现金分别购买其持有的新奥舟山25%、15%和5%的股权，现金对价 由公司全资子公司新奥（天津）能源投资有限公司（以下简称"新奥天津"）支 付。本次交易完成后，公司通过全资子公司新奥天津间接持有新奥舟山上述90% 股权。 公司于2022年7月29日收到中国证券监督管理委员会（以下简称"中国证监 中信建投证券股份有限公司 关于新奥天然气股份有限公司发行股份及支付现金购买资产暨关联 交易限售股解禁上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券""独立财务顾问"） 作为新奥天然气股份有限公司（以下简称"新奥股份""上市公司"或"公司"） 发行股份及支付现金购买新奥（舟山）液化天然气有限公司 90%股权（以下简称 "标的资产"）暨 ...

关于非公开发行限售股上市流通公告 证券代码：600803 证券简称：新奥股份 公告编号：临 2025-063 新奥天然气股份有限公司 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为 252,808,988股。 本次股票上市流通总数为252,808,988股。 本次股票上市流通日期为2025 年 8 月 18 日。 一、本次限售股上市类型 新奥天然气股份有限公司（以下简称"公司"、"上市公司"或"新奥股份"）本次 限售股上市流通类型为非公开发行股份购买资产限售股，具体情况如下： （一）股票发行的核准情况 新奥股份以发行股份及支付现金相结合的方式购买新奥科技发展有限公司 （以下简称"新奥科技"）、新奥集团股份有限公司（以下简称"新奥集团"）和新奥 控股投资股份有限公司（以下简称"新奥控股"）持有的新奥（舟山）液化天然气有 限公司（以下简称"新奥舟山"）90%股权（以下简称"本次交易"）。其中，公司向 新奥科技发行股份购买其持有的新奥舟山 45%股权（以下简称"本次发行"），向新 奥科技、新奥集团、新奥控股支付现金分别购买其持有的新奥舟山 25%、15%和 5%的股权，现金对价由公司全资子公司新奥 ...

中信证券股份有限公司 关于新奥天然气股份有限公司发行股份及支付现金购买资产暨关联 交易限售股解禁上市流通的核查意见 中信证券股份有限公司（以下简称"中信证券""独立财务顾问"）作为新奥 天然气股份有限公司（以下简称"新奥股份""上市公司"或"公司"）发行股份 及支付现金购买新奥（舟山）液化天然气有限公司 90%股权（以下简称"标的资 产"）暨关联交易（以下简称"本次交易"）的独立财务顾问，根据《中华人民共 和国公司法》《中华人民共和国证券法》《上市公司证券发行注册管理办法》《上 市公司重大资产重组管理办法》《上市公司并购重组财务顾问业务管理办法》《上 海证券交易所股票上市规则》等有关规定和要求，对新奥股份本次交易发行股份 购买资产部分限售股解禁并上市流通事项进行了核查，具体核查情况如下： 一、本次限售股上市类型 本次限售股上市流通类型为发行股份购买资产限售股，具体情况如下： （一）股票发行的核准情况 新奥股份以发行股份及支付现金相结合的方式购买新奥科技发展有限公司 （以下简称"新奥科技"）、新奥集团股份有限公司（以下简称"新奥集团"）和 新奥控股投资股份有限公司（以下简称"新奥控股"）持有的新奥（舟山）液化 ...

中化新网讯 近日，胜利油田石油工程技术研究院三采所科研人员在孤东905-P8井成功应用硅盐树脂堵 水技术。技术实施后，该井日增油量达到4.7吨，含水率下降13.97%，增油控水效果显著。 该堵水剂有三个特性：一是即时溶解，在5分钟内可完全溶解，有利于堵水一体化施工；二是高温固化 长效，温度80℃无碍固化，适应热采堵水条件，且固化强度高、时间长；三是可选择性堵水，遇水堵塞 率80%，遇油堵塞率小于20%。 该项技术已在各开发单位的150多口井中应用，经济有效率达到80%，累计增油超过6万吨。 在此基础上，配合使用钙化凝胶堵水剂。该堵水剂具有低黏易注入、耐温耐盐特性，而且选择性堵水能 力更强，遇水堵塞率大于98%，可实现对高含水层的精准封堵，同时不污染出油层。二者组合应用，达 到最佳堵水封窜效果。在现场实施过程中，通过优化堵剂用量比例，并配套复合工艺技术，进一步实现 稠油热采井的降本增效开发。 据了解，稠油热采水平井在经过多轮次的吞吐作业后，水窜、汽窜问题严重，严重影响到稠油开发区块 控制递减和采收率。根据水平井完井特点以及热采井开发需求，科研人员从2015年起即开展攻关研究， 到目前已形成较为成熟的以硅盐树脂、 ...

Core Viewpoint - Methanol fuel is a key clean energy source in China's energy transition and "dual carbon" goals, supported by various national policies for applications in shipping, aviation, and related technologies [1][2][5] Industry Overview - Methanol fuel is primarily produced from coal, natural gas, biomass, or green electricity, categorized into traditional fossil methanol and green methanol based on raw materials and production processes [2][5] - The industry is characterized by a dual-track competition between traditional coal chemical giants transitioning to low-carbon methods and innovative new energy companies [1][23] Development Drivers - **Policy Drive**: The Chinese government has established a comprehensive policy framework to support methanol fuel as a strategic clean energy and chemical raw material, promoting its use in various sectors [9][10] - **Technological Innovation**: Advances in production technologies are reducing carbon emissions and enhancing competitiveness, with traditional coal-based methanol seeing a 20% reduction in carbon intensity over the past decade [9][10] - **Market Demand**: The structural contradiction between China's energy endowment and "dual carbon" goals positions methanol fuel as a solution for energy security and low-carbon transition [10][11] Current Industry Status - China's methanol production capacity is projected to reach 109.776 million tons per year by 2024, with a 10.4% year-on-year increase in output, indicating a shift from expansion to quality improvement [15][17] - The downstream demand is increasingly driven by emerging sectors, with methanol for olefins and fuel applications accounting for approximately 70% of total consumption [17][19] Competitive Landscape - The industry features a mix of traditional coal chemical companies like Baofeng Energy and new energy firms like Shanghai Electric, focusing on green methanol production [23][24] - Key players are leveraging their respective strengths in technology and market positioning to enhance competitiveness, with a focus on cost control and international certification [23][24] Future Trends - The methanol fuel industry is expected to evolve towards low-carbon, intelligent, and diversified pathways, with significant growth in transportation applications and a projected increase in methanol vehicle ownership [26][28] - Regional collaboration and industry consolidation are anticipated, with a focus on enhancing production efficiency and expanding market reach [29][30]