Core Viewpoint - China National Petroleum Corporation (CNPC) reported a decline in revenue and net profit for the first half of the year, but maintained a high dividend payout while achieving operational improvements and growth in oil and gas production [1][3]. Financial Performance - CNPC's revenue for the first half of the year was 1.45 trillion yuan, a decrease of 6.7% year-on-year [1]. - The net profit attributable to shareholders was approximately 84 billion yuan, down 5.4% year-on-year [1]. - The company declared an interim dividend of 0.22 yuan per share, totaling 40.265 billion yuan [1]. Operational Highlights - CNPC's oil and gas equivalent production reached 924 million barrels, an increase of 2.0% year-on-year [3]. - Crude oil production was 476 million barrels, up 0.3% year-on-year, while marketable natural gas production was 2.68 trillion cubic feet, increasing by 3.8% [3]. - The company achieved historical highs in natural gas and oil equivalent production [3]. Strategic Initiatives - CNPC focused on efficient exploration and development, optimizing capacity deployment, and enhancing recovery rates [3]. - The company expanded its overseas oil and gas business and improved asset structure and project management to enhance investment returns [3]. - Significant progress was made in renewable energy projects, with wind and solar power generation increasing by 70.0% year-on-year [3]. Refining and Chemical Business - CNPC continued to adjust and upgrade its refining structure, achieving historical highs in ethylene production and chemical product sales [4]. - The company processed 690 million barrels of crude oil and produced 59.57 million tons of refined products [4]. - The new materials segment saw a production increase of 54.9%, maintaining over 50% growth for three consecutive years [4]. Natural Gas Sales - Natural gas sales reached 151.5 billion cubic meters, a 2.9% increase year-on-year, with domestic sales hitting 119.77 billion cubic meters, up 4.2% [4]. - The market share for natural gas sales increased by 2.1 percentage points [4]. Future Outlook - CNPC plans to closely monitor market changes and drive high-quality development across all business segments in the second half of the year [5].

Group 1 - Zhejiang Wenyi announced that independent director Liu Jing has been detained by relevant supervisory authorities, but the matter is unrelated to the company, and other board members continue to perform their duties normally [4] - China Petroleum plans to acquire 100% equity of three gas storage companies for a total consideration of RMB 400.16 billion, with individual contracts valued at RMB 170.66 billion, RMB 99.95 billion, and RMB 129.55 billion respectively [5] - Biyimi plans to acquire 100% equity of Shanghai Xinggan Semiconductor Co., Ltd. for RMB 2.95 billion, which will become a wholly-owned subsidiary after the transaction [6] Group 2 - Dongzhu Ecology is planning to acquire controlling stakes in Kairuixingtong through a combination of share issuance and cash payment, with the stock expected to be suspended for up to 10 trading days [7] - Nanxin Pharmaceutical intends to acquire a group of assets from Future Pharmaceuticals in a cash transaction, which is expected to constitute a major asset restructuring [8] - Xinhua Jin has received a regulatory notice regarding the non-operational occupation of company funds amounting to RMB 406 million, which may lead to risk warnings and potential delisting if not resolved [9] Group 3 - Dongjie Intelligent announced a change in actual control to individual Han Yongguang, with the stock set to resume trading [10] - Sente Co. clarified that it is not involved in "data center" related businesses, focusing instead on BIPV and high-end building metal enclosure businesses [11][12] - Cambridge Technology stated that it currently does not produce chips with CPO technology, and its related business is still in the research and development phase [13] Group 4 - Proya plans to issue H-shares and list on the Hong Kong Stock Exchange, with no changes to the controlling shareholder or actual controller [14] - Northern Rare Earth reported a net profit of RMB 931 million for the first half of 2025, a year-on-year increase of 1951.52% [15] - Cambrian Technology achieved a net profit of RMB 1.038 billion in the first half of 2025, turning around from a loss in the previous year [16] Group 5 - Shenghong Technology reported a net profit of RMB 2.143 billion for the first half of 2025, a year-on-year increase of 366.89% [17] - Inspur Information achieved a net profit of RMB 799 million, up 34.87% year-on-year, with a revenue of RMB 801.92 billion [18] - China Petroleum's net profit decreased by 5.4% year-on-year to RMB 84.01 billion, with a revenue decline of 6.7% [19] Group 6 - Ping An Insurance reported a net profit of RMB 680.47 billion for the first half of 2025, down 8.8% year-on-year [20] - Shudao Equipment's net profit surged by 5972.30% to RMB 10.15 million in the first half of 2025 [21] - China Duty Free Group's net profit decreased by 20.81% year-on-year to RMB 2.6 billion [22] Group 7 - Zijin Mining reported a net profit of RMB 23.292 billion for the first half of 2025, a year-on-year increase of 54.41% [23] - 360 Company reported a net loss of RMB 282 million in the first half of 2025, with a revenue increase of 3.67% [24] - Aerospace Science and Technology achieved a net profit of RMB 88.97 million, a year-on-year increase of 2161.91% [25][26] Group 8 - Yuntian Lifelike reported a net loss of RMB 206 million in the first half of 2025, despite a revenue increase of 123.10% [27] - Dongshan Precision reported a net profit of RMB 758 million, up 35.21% year-on-year [28] - China Gold's net profit decreased by 46.35% year-on-year to RMB 319 million [29] - Kosen Technology reported a net loss of RMB 105 million in the first half of 2025 [30] - Proya achieved a net profit of RMB 799 million, a year-on-year increase of 13.80% [31]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內 容而引致的任何損失承擔任何責任。 中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） (股份代號：857) 海外監管公告 证券代码 601857 证券简称 中国石油 公告编号 临 2025-019 中国石油天然气股份有限公司 第九届监事会第十一次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條作出。 茲載列中國石油天然氣股份有限公司在上海證券交易所網站刊登的《中國石油天然氣股份有限 公司第九屆監事會第十一次會議決議公告》，僅供參閱。 特此公告 中國石油天然氣股份有限公司董事會 中國北京 2025 年 8 月 26 日 於本公告日，本公司董事會由戴厚良先生擔任董事長，由段良偉先生及 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內 容而引致的任何損失承擔任何責任。 中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） (股份代號：857) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條作出。 茲載列中國石油天然氣股份有限公司在上海證券交易所網站刊登的《中國石油天然氣股份有限 公司第九屆董事會第十四次會議決議公告》，僅供參閱。 特此公告 中國石油天然氣股份有限公司董事會 中國北京 2025 年 8 月 26 日 於本公告日，本公司董事會由戴厚良先生擔任董事長，由段良偉先生及謝軍先生擔任非執行董事， 由黃永章先生、任立新先生及張道偉先生擔任執行董事，由蔣小明先生、何敬麟先生、閻焱先生、 劉曉蕾女士及張玉新先生擔任獨立非執行董事。 证券代码 601857 证券简称 中国石油 公告编号 临 2025-020 中国石油天然气股份有限公司 第九届董事会第十四次会议决议公告 ...

Core Viewpoint - China Petroleum (601857) reported a decline in both revenue and net profit for the first half of 2025, primarily due to falling crude oil and refined oil prices, as well as changes in oil and gas product sales [1] Financial Performance - The company achieved an operating revenue of 1,450.99 billion yuan, a year-on-year decrease of 6.7% [1] - The net profit attributable to shareholders was 84.007 billion yuan, down 5.4% compared to the previous year [1] - Basic earnings per share were reported at 0.46 yuan [1] Dividend Announcement - The board of directors decided to distribute an interim dividend of 0.22 yuan per share based on the total share capital of 1,830.21 billion shares as of June 30, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內 容而引致的任何損失承擔任何責任。 茲載列中國石油天然氣股份有限公司在上海證券交易所網站刊登的《中油財務有限責任公司風 險持續評估報告》，僅供參閱。 特此公告 中國石油天然氣股份有限公司董事會 中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） (股份代號：857) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條作出。 （二）经营资质：中油财务持有营业执照（统一社会信用代码 91110000100018558M）和金融许可证（机构编码：L0003H211000001）。 （三）注册资本：163.95亿元（除特别注明外，本报告金额单位均 为人民币），股东构成如下： | 序号 | 股东名称 | 出资额（万元） | 股权比例 | | --- | --- | --- | --- | | 1 | 中国石油天然气集团有限公司 | 655,810 ...

Core Insights - China National Petroleum Corporation (CNPC) reported a decline in both revenue and net profit for the first half of the year, marking the first such occurrence in five years [1] Financial Performance - The company's revenue decreased by 6.7% year-on-year to 1.45 trillion yuan [1] - Net profit attributable to shareholders fell by 5.4% year-on-year to 84.01 billion yuan [1] Sales and Pricing Trends - Half of the eight major products sold externally experienced a decline in sales volume [1] - Average selling prices for six major products also dropped, with significant declines in kerosene, crude oil, diesel, and gasoline [1] - Crude oil and diesel average selling prices fell by 12.3% and 9.4% respectively, reaching 3,690 yuan/ton and 6,213 yuan/ton [1] Market Conditions - The global oil market is characterized by a loose supply-demand balance, leading to a decrease in international crude oil prices [1] - The average Brent crude oil spot price fell by 14.5% year-on-year to $71.87 per barrel, while WTI spot price decreased by 14.4% to $67.6 per barrel [1] - Domestic consumption of gasoline and diesel continues to be suppressed due to increased competition from alternative energy sources [1] - Prices of major chemical products have also declined due to the drop in international oil prices, resulting in low production profits [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內 容而引致的任何損失承擔任何責任。 中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） (股份代號：857) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條作出。 茲載列中國石油天然氣股份有限公司在上海證券交易所網站刊登的《中國石油天然氣股份有限 公司 2025 年半年度報告》，僅供參閱。 特此公告 中國石油天然氣股份有限公司董事會 中國北京 2025 年 8 月 26 日 於本公告日，本公司董事會由戴厚良先生擔任董事長，由段良偉先生及謝軍先生擔任非執行董事， 由黃永章先生、任立新先生及張道偉先生擔任執行董事，由蔣小明先生、何敬麟先生、閻焱先生、 劉曉蕾女士及張玉新先生擔任獨立非執行董事。 中国石油天然气股份有限公司 2025 年半年度报告 （A 股股票代码：601857） 2025 年 8 月 26 日 | | - | | --- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等內 容而引致的任何損失承擔任何責任。 中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （於中華人民共和國註冊成立之股份有限公司） (股份代號：857) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條作出。 茲載列中國石油天然氣股份有限公司在上海證券交易所網站刊登的《中國石油天然氣股份有限 公司 2025 年半年度 A 股利潤分配方案的公告》，僅供參閱。 特此公告 中國石油天然氣股份有限公司董事會 中國北京 2025 年 8 月 26 日 於本公告日，本公司董事會由戴厚良先生擔任董事長，由段良偉先生及謝軍先生擔任非執行董事， 由黃永章先生、任立新先生及張道偉先生擔任執行董事，由蔣小明先生、何敬麟先生、閻焱先生、 劉曉蕾女士及張玉新先生擔任獨立非執行董事。 证券代码 601857 证券简称 中国石油 公告编号 临 2025-021 中国石油天然气股份有限公司 2025 年半年度 ...

Core Viewpoint - China National Petroleum Corporation (CNPC) reported strong performance in the first half of 2025, achieving record natural gas and oil equivalent production despite pressure from international oil prices, with revenue of 1.45 trillion yuan and net profit of 840.07 billion yuan, exceeding expectations [2] Financial Performance - The company achieved a revenue of 1.45 trillion yuan and a net profit of 840.07 billion yuan in the first half of 2025, indicating better-than-expected operational performance [2] - Unit oil and gas operating costs decreased by 8.1% year-on-year to $10.14 per barrel, down from $11.03 per barrel [3] - Oil and gas equivalent production reached 924 million barrels, a 2.0% increase year-on-year [3] Sales and Market Performance - Despite a 25.2% decline in operating profit due to falling refined oil prices, the company improved its market share, with domestic refined oil sales increasing by 0.3% and market share rising by 1.5 percentage points [4] - Natural gas sales reached a historical high of 119.77 billion cubic meters, with a market share increase of 2.1 percentage points, and operating profit from natural gas sales grew by 10.8% to 18.63 billion yuan [4] Production and Resource Development - The company focused on resource base consolidation, achieving record natural gas and oil equivalent production during the reporting period [5] - Domestic production initiatives included optimizing capacity construction and enhancing recovery rates, with the Xinjiang Jimsar shale oil demonstration area achieving a maximum daily output of over 5,000 tons [5] - The company is also expanding its overseas oil and gas business, emphasizing efficient exploration and management [5] New Energy and Materials - The company reported a 70% year-on-year increase in "wind and solar" power generation, totaling 3.69 billion kilowatt-hours [7] - The largest photovoltaic project in operation, the Tarim Oilfield, is expected to provide 2.1 billion kilowatt-hours of clean electricity annually [7] - New materials production reached 1.665 million tons, a 54.9% increase year-on-year, maintaining over 50% growth for three consecutive years [8]