证券代码：600803 证券简称：新奥股份 公告编号：临 2025-082 新奥天然气股份有限公司 关于公司股东部分股份解除质押及质押的公告 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： 股东新奥科技发展有限公司（以下简称"新奥科技"）持有 308,808,988 股 公司股份，占公司总股本的 9.97%。新奥科技本次质押股数为 47,560,000 股，占 其持有公司股份总数的 15.40%，占公司总股本的 1.54%。截至本公告披露日， 新奥科技累计质押 155,100,000 股公司股份，占其持有公司股份总数的 50.23%， 占公司总股本的 5.01%。 公司控股股东新奥国际及其一致行动人新奥控股、新奥科技、廊坊合源投 资中心（有限合伙）、河北威远集团有限公司和王玉锁先生（以下统称"新奥国际 及其一致行动人"）合计持有 2,243,449,808 股公司股份，占公司总股本的 72.44%。 截至本公告披露日，新奥国际及其一致行动人累计质押 369,900,000 股公司股份， 占其合计持有公司股份总数 ...

Investment Rating - The report maintains an "Overweight" rating for the gas industry [1] Core Viewpoints - The gas prices are stable across various regions due to sufficient storage in the US, progress in European storage, and marginal improvement in domestic demand [1][5] - The report highlights the gradual recovery of domestic gas consumption, with a year-on-year increase of 0.8% to 283.2 billion cubic meters in the first eight months of 2025 [24][27] - The report emphasizes the importance of cost optimization for gas companies and the ongoing adjustment of pricing mechanisms to stimulate demand [53] Price Tracking - As of October 10, 2025, the weekly changes in gas prices are as follows: US HH -0.9%, European TTF +0.9%, East Asia JKM +0.2%, China LNG ex-factory -0.2%, and China LNG CIF -2.7% [10][15] - The average total supply of natural gas in the US decreased by 0.1% week-on-week to 111.7 billion cubic feet per day, while total demand increased by 2.7% to 101.3 billion cubic feet per day [17] Supply and Demand Analysis - US natural gas storage increased by 800 billion cubic feet week-on-week to 36,410 billion cubic feet, showing a year-on-year increase of 0.3% [17] - European gas consumption in the first half of 2025 was 240.8 billion cubic meters, reflecting a year-on-year increase of 5.8% [18] - Domestic gas consumption in China showed a significant improvement in August 2025, with a year-on-year increase of 4% [24] Pricing Progress - Nationwide pricing adjustments have been gradually implemented, with 65% of cities having executed residential pricing adjustments, resulting in an increase of 0.21 yuan per cubic meter [38] Investment Recommendations - The report recommends focusing on companies that can optimize costs and benefit from the ongoing pricing adjustments, highlighting companies such as New Energy, China Gas, and Kunlun Energy [53] - It suggests paying attention to companies with quality long-term contracts and cost advantages, such as Jiufeng Energy and New Energy Holdings [53]

Investment Rating - The report maintains a "Positive" outlook on the hydropower sector, particularly large hydropower projects, due to improved fundamentals and favorable weather conditions [2][6]. Core Insights - The report highlights that the autumn floods have positively impacted hydropower generation, with significant increases in water inflow expected in the coming days [2][6]. - The announcement from the National Development and Reform Commission regarding the regulation of price competition is expected to alleviate irrational competition in the electricity market [2][8]. - Global natural gas prices are experiencing fluctuations, with U.S. prices remaining low while European prices are rebounding due to geopolitical tensions and increased heating demand [12][21]. Summary by Sections Electricity Sector - The report notes that hydropower generation in the Yangtze River basin has reached historical highs due to concentrated rainfall, with a total generation of approximately 235.13 billion kWh in the first three quarters of 2025, remaining stable compared to the previous year [2][6]. - The announcement on regulating price competition aims to create a fair market environment, which is expected to reduce irrational pricing behaviors in the electricity sector [7][8]. - Recommendations include focusing on large hydropower companies such as Guotou Power, Chuan Investment Energy, and Yangtze Power, as well as green energy firms like Xintian Green Energy and Longyuan Power [11]. Natural Gas Sector - As of October 10, 2025, U.S. Henry Hub spot prices were $2.90/mmBtu, reflecting a weekly decrease of 9.03%, while European gas prices, such as the TTF, saw an increase of 5.26% to €32.63/MWh [12][14]. - The report indicates that the natural gas consumption in August 2025 showed a year-on-year increase of 1.8%, with total consumption reaching 364.1 billion m³ [34]. - Investment recommendations include focusing on integrated natural gas companies like Kunlun Energy and New Hope Energy, as well as gas trading firms [36]. Environmental Sector - The report suggests that companies with stable performance and high dividend yields, such as Zhongshan Public Utilities and Everbright Environment, should be monitored for potential investment opportunities [11]. - The ongoing development of carbon trading markets and environmental regulations is expected to enhance the performance of companies in the environmental sector [46].

智通财经APP获悉，10月13日，Wind发布2025年前三季度中国并购市场交易排行榜。据Wind数据统计，2025年前三季度，中国并购市场 (包含中国企业跨境并购)整体活跃度保持平稳，共披露5,870起并购事件，同比微增0.51%;交易规模约14,981亿元，同比下降约2.61%。百 亿元规模以上的并购事件共19起，其中海光信息吸收合并中科曙光100%股权的事件以1,159.67亿元的交易规模排名第一;新奥股份子公司 收购新奥能源65.89%股权的事件以552.97亿元的交易规模排名第二;大连万达商管出售48家万达广场以500.00亿元的交易规模排名第三。 从财务顾问参与并购事件的规模来看，以并购事件首次公告日为统计口径，中金公司以2,410.04亿元位居财务顾问榜首，中信证券和中邮 证券分别以2,400.85亿元和1,163.67亿元位列第二名和第三名。以并购交易完成日为统计口径，中信证券以2,248.34亿元位居榜首，中信建 投和东方证券分别以1,566.15亿元和1,055.92亿元位列第二名和第三名。 1.1 近三年中国并购市场规模与趋势 2025年前三季度，中国并购市场共披露了5,870起并购事件 ...

Core Insights - China's energy cooperation with Gulf Cooperation Council (GCC) countries has deepened significantly in recent years, driven by global energy market volatility and US-China trade tensions, with long-term procurement agreements solidifying energy ties and ensuring energy security [1][6][12] Energy Supply Agreements - In April 2025, China National Offshore Oil Corporation (CNOOC) signed a five-year LNG supply agreement with Abu Dhabi National Oil Company (ADNOC) to supply 500,000 tons annually starting in 2026 [3] - ADNOC also reached agreements with two other Chinese companies for long-term LNG contracts, effectively reducing market volatility risks for Chinese buyers amid increasing US sanctions on Iranian oil [3][6] - China's imports from GCC countries in 2023 included approximately 201 million tons of crude oil and 18 million tons of LNG, accounting for one-third and one-quarter of its total imports, respectively [5] Strategic Diversification - Iraq, as China's third-largest crude oil supplier, is expected to double its production to 500,000 barrels per day by 2030, enhancing China's crude oil imports from Iraq beyond the current 1.2 million barrels per day [4] - The long-term contracts with GCC countries serve as a strategic hedge against external pressures, reducing reliance on sanctioned nations [6][12] Broader Energy Network - China is expanding its energy strategy beyond GCC countries by collaborating with ASEAN nations to build a more extensive Asian energy network, enhancing traditional and clean energy cooperation [7] - The first trilateral summit in May 2025 among China, GCC, and ASEAN focused on strengthening energy supply chains and investing in new energy sources [7] Clean Energy Collaboration - Cooperation in clean energy is accelerating, with GCC countries aiming to diversify their economies and reduce oil dependency, as seen in Saudi Arabia's Vision 2030 and UAE's Net Zero 2050 strategy [8] - China has become a key partner in the energy transition for GCC countries, with significant investments in renewable energy projects [8] Bilateral Trade Growth - In 2024, bilateral trade between China and the UAE surpassed $100 billion, reflecting extensive economic ties beyond energy [10] Geopolitical Considerations - The geopolitical landscape poses challenges, with regional instability and external pressures impacting China's energy strategy, necessitating a balance between economic interests and geopolitical considerations [13]

Core Points - The Shanghai Composite Index is at 3927.63 points, slightly down by 0.16%, with a total trading volume of 1.2446 trillion yuan [1] - A total of 181 A-shares have surpassed the half-year line, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Li Min Co., Ltd. (002734) has a deviation rate of 4.31% with a price increase of 6.27% [1] - Yuanda Environmental Protection (600292) shows a deviation rate of 3.35% and a price increase of 3.93% [1] - Oriental Carbon (920175) has a deviation rate of 3.28% with an 8.17% price increase [1] Trading Activity - The total trading volume for A-shares today is reported at 1.2446 trillion yuan [1] - The stocks with the smallest deviation rates include Lian Ke Technology, Lingkang Pharmaceutical, and Publishing Media, which have just crossed the half-year line [1] Deviation Rate Rankings - The top stocks with the highest deviation rates include: - Li Min Co., Ltd. (002734) at 4.31% - Yuanda Environmental Protection (600292) at 3.35% - Oriental Carbon (920175) at 3.28% [1] - Other notable stocks with significant price increases and deviation rates include: - Han Commercial Group (600774) at 3.19% - Rui Pu Biological (300119) at 2.99% [1]

Group 1 - The core point of the article is that New Hope Liuhe Co., Ltd. announced its cash dividend distribution plan for the first half of 2025, which includes a cash dividend of 0.18 yuan per share (tax included) for A-shares [1] - The record date for the dividend distribution is set for October 15, 2025, while the ex-dividend date and the date of cash dividend payment are both scheduled for October 16, 2025 [1]

北京国枫律师事务所 关于新奥天然气股份有限公司 差异化分红事项的专项核查意见 北京国枫律师事务所 关于新奥天然气股份有限公司 差异化分红事项的专项核查意见 国枫律证字[2025] AN146-1 号 国枫律证字[2025]AN146-1 号 GRANDWAY 北京国枫律师事务所 Grandway Law Offices 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 邮编: 100005 电话(Tel): 010—88004488/66090088 传真(Fax): 010—66090016 致:新奥天然气股份有限公司 北京国枫律师事务所(以下简称"本所")受新奥天然气股份有限公司(以 下简称"公司""上市公司"）委托，根据《中华人民共和国公司法》（以下简 称"《公司法》")、《中华人民共和国证券法》(以下简称"《证券法》") 等相关法律、法规、规章、规范性文件的有关规定,就公司 2025年中期实施特 别派息所涉及的差异化分红（以下简称"本次差异化分红"）相关事项进行了核 查并出具本专项核查意见。 为出具本专项核查意见,本所律师特作如下声明: 1. 本所律师已根据中国证券监督管理委员会(以下简称" ...

证券代码：600803 证券简称：新奥股份 公告编号：临 2025-081 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.18元 新奥天然气股份有限公司 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/10/15 | － | 2025/10/16 | 2025/10/16 | 差异化分红送转： 是 一、通过分配方案的股东会届次和日期 根据新奥天然气股份有限公司（以下简称"公司"）2025 年 5 月 28 日召开的2024 年年度股东大会授权，本次 2025 年半年度利润分配方案经公司 2025 年 9 月 16 日 召开的第十一届董事会第三次会议审议通过。 二、分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - In August, the electricity consumption growth rate in the secondary industry increased, contributing the largest increment to total electricity consumption, accounting for 59% of the total increase [3][7] - The total electricity consumption in August reached 10,154 billion kWh, a year-on-year increase of 5.0% [3][6] - The manufacturing sector saw a record monthly growth rate for the year, with high-tech and equipment manufacturing electricity consumption growing by 9.1%, surpassing the average manufacturing growth rate by approximately 4.6 percentage points [3][7] Summary by Sections 1. Electricity: August Secondary Industry Consumption Growth - The total electricity consumption in August was 10,154 billion kWh, with a year-on-year growth of 5.0% [3][6] - The first industry consumed 164 billion kWh (9.7% growth), the second industry consumed 5,981 billion kWh (5.0% growth), the third industry consumed 2,046 billion kWh (7.2% growth), and residential consumption was 1,963 billion kWh (2.4% growth) [3][8] - The secondary industry contributed the most to the total electricity consumption increase, with a significant growth in manufacturing, particularly in high-tech and equipment manufacturing [6][7] 2. Gas: Supply and Demand Stability - Global gas prices have shown narrow fluctuations, with the Henry Hub spot price at $2.90/mmBtu, a weekly increase of 0.17% [16][19] - The LNG national ex-factory price was 4,016 yuan/ton, with a slight weekly decrease of 0.07% [16][36] - The report suggests a positive outlook for city gas companies due to cost reductions and improved profitability [38] 3. Weekly Market Review - The public utility and environmental protection sectors underperformed compared to the CSI 300 index, while the electric equipment sector outperformed [40][42] 4. Company and Industry Dynamics - The report highlights recent government initiatives aimed at promoting high-quality development in energy equipment, focusing on enhancing the efficiency of energy conversion equipment and advancing renewable energy technologies [49] - Key announcements from companies include significant contract wins and strategic investments aimed at enhancing operational capabilities and market positioning [50]