智通财经APP讯，新天然气(603393.SH)披露2025年半年度报告，报告期公司实现营收20.38亿元，同比 增长4.46%;归母净利润6.22亿元，同比增长2.81%;扣非净利润5.46亿元，同比下降9.14%;基本每股收益 1.47元。 ...

Group 1 - The company reported a revenue of 2.038 billion yuan, representing a year-on-year increase of 4.46% [1] - The net profit attributable to shareholders of the listed company was 620 million yuan, showing a year-on-year growth of 2.81% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 546 million yuan, reflecting a year-on-year decrease of 9.14% [1]

Group 1 - The company reported a revenue of 2.038 billion yuan for the first half of 2025, representing a year-on-year increase of 4.46% [1] - The net profit for the same period was 622 million yuan, showing a year-on-year growth of 2.81% [1]

证券之星消息，8月25日燃气板块较上一交易日上涨0.2%，中泰股份领涨。当日上证指数报收于 3883.56，上涨1.51%。深证成指报收于12441.07，上涨2.26%。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) | | --- | --- | --- | --- | --- | --- | | 300435 | 中泰股份 | 17.56 | 2.09% | 17.53万 | 3.05亿 | | 001299 | 美能能源 | 12.53 | 1.46% | 4.19万 | 5211.59万 | | 603393 | 新天然气 | 30.68 | 1.32% | 9.77万 | 2.99亿 | | 600635 | 大众公用 | 4.26 | 1.19% | 51.92万 | 2.20亿 | | 603080 | 新疆火炬 | 22.10 | 1.14% | 8.02万 | 1.76亿 | | 300483 | 草华燃气 | 12.45 | 1.06% | 18.41万 | 2.27亿 | | 605169 | 洪通燃气 | 16.10 | 0. ...

Investment Rating - The report maintains an "Accumulate" rating for the gas industry [1] Core Viewpoints - The report highlights a cooling trend in temperatures leading to a decrease in US gas prices, while European storage efforts are pushing prices up. Domestic gas prices are also experiencing a decline due to slow demand recovery [5][10] - The supply-demand analysis indicates a slight increase in total gas supply in the US, while demand has decreased slightly. European gas prices have risen due to storage efforts, and domestic gas prices have also fallen [15][16] - The report emphasizes the ongoing progress in price adjustments across various cities, which is expected to enhance profitability for city gas companies and support valuation recovery [35] Summary by Sections Price Tracking - As of August 22, 2025, US HH gas prices decreased by 3.1%, while European TTF prices increased by 7.6%. Domestic LNG prices fell by 1.7% [10][12] Supply and Demand Analysis - US total gas supply increased by 0.4% week-on-week to 1,126 billion cubic feet per day, while total demand decreased by 1.2% to 1,061 billion cubic feet per day. European gas consumption for the first five months of 2025 was 2,180 billion cubic meters, up 6.6% year-on-year [15][16] Price Adjustment Progress - Nationwide, 64% of cities have implemented residential price adjustments, with an average increase of 0.21 yuan per cubic meter. The report suggests that there is still a 10% room for price gap recovery [35] Important Announcements - The report notes significant mid-year performance announcements from various gas companies, indicating mixed results in revenue and profit growth [41] Important Events - The report mentions a reduction in the US LNG import tariff from 140% to 25%, enhancing the economic viability of US gas imports [42][44] - It also discusses the EU's agreement to provide greater flexibility in natural gas storage targets, allowing for a 10% deviation from the 90% storage goal [49] Investment Recommendations - The report suggests focusing on companies that can optimize costs and benefit from the ongoing price mechanism adjustments, particularly those with strong long-term contracts and flexible operations [5][35]

Investment Rating - The report maintains a "Buy" rating for key companies in the petrochemical sector, specifically recommending China National Petroleum Corporation (CNPC), China National Offshore Oil Corporation (CNOOC), China Petroleum & Chemical Corporation (Sinopec), Zhongman Petroleum, and New Natural Gas [4]. Core Insights - The petrochemical industry is entering a phase of "anti-involution," with a focus on potential profit recovery driven by government policies aimed at optimizing supply and eliminating outdated production capacity [2][8]. - Oil prices have shown a slight increase due to geopolitical tensions and sanctions, with Brent crude oil futures settling at $67.73 per barrel, up 2.85% week-on-week [2][42]. - The report highlights the rising U.S. crude oil production, which reached 13.38 million barrels per day, and an increase in refinery throughput to 17.21 million barrels per day, contributing to a decrease in crude oil inventories [3][9]. Summary by Sections Industry Dynamics - The report discusses the ongoing geopolitical situation, particularly the unresolved Russia-Ukraine conflict, which continues to influence oil prices and market sentiment [1][7]. - It notes that the Chinese government is expected to implement a comprehensive restructuring plan for the petrochemical and refining sectors, which could lead to improved profitability for major players like CNPC and Sinopec [2][8]. Market Performance - As of August 22, the CITIC Petroleum and Petrochemical sector index rose by 2.6%, underperforming compared to the CSI 300 index, which increased by 4.2% [12][17]. - Among listed companies, Baomo Co. saw the highest weekly gain of 15.61%, while Hongtian Co. experienced the largest decline of 6.99% [18][19]. Company Forecasts and Valuations - The report provides earnings per share (EPS) forecasts for key companies, with CNPC expected to have an EPS of 0.90 yuan in 2024, while Sinopec is projected at 0.41 yuan [4]. - The report emphasizes the importance of stable performance and high dividend yields in selecting investment targets within the sector [11].

Market Overview - The Shanghai Composite Index closed at 3771.10 points, above the annual line, with a change of 0.13% [1] - The total trading volume of A-shares reached 24603.35 billion yuan [1] Stocks Breaking Annual Line - A total of 28 A-shares have surpassed the annual line today, with notable stocks including: - Meihua Medical (301363) with a deviation rate of 14.81% and a daily increase of 18.00% [1] - Meirui New Materials (300848) with a deviation rate of 4.67% and a daily increase of 5.49% [1] - Kangle Health (833575) with a deviation rate of 4.29% and a daily increase of 4.40% [1] Stocks with Smaller Deviation Rates - Stocks that have just crossed the annual line with smaller deviation rates include: - Guotou Power (600886) with a deviation rate of 0.01% and a daily increase of 1.30% [2] - Shanghai Pharmaceuticals (601607) with a deviation rate of 0.08% and a daily increase of 0.95% [2] - *ST Jinglun (600355) with a deviation rate of 0.20% and a daily increase of 0.86% [2]

Market Overview - The Shanghai Composite Index is at 3781.13 points, above the annual line, with a change of 0.40% [1] - The total trading volume of A-shares is 1,193.158 billion yuan [1] Stocks Breaking Annual Line - A total of 31 A-shares have surpassed the annual line today, with notable stocks including Meihua Medical, *ST Aowei, and Pianzaihuang, showing divergence rates of 14.13%, 2.94%, and 2.77% respectively [1] - Stocks with smaller divergence rates that have just crossed the annual line include China Wuyi, Huilun Crystal, and Zhuoshengwei [1] Top Stocks by Divergence Rate - Meihua Medical (301363) has a significant increase of 17.30% with a turnover rate of 23.04% and a divergence rate of 14.13% [1] - *ST Aowei (002231) increased by 3.12% with a turnover rate of 7.79% and a divergence rate of 2.94% [1] - Pianzaihuang (600436) rose by 3.70% with a turnover rate of 1.03% and a divergence rate of 2.77% [1] Additional Notable Stocks - Tongrentang (600085) increased by 1.93% with a divergence rate of 1.77% [1] - Maire Medical (300760) rose by 3.40% with a divergence rate of 1.53% [1] - Other stocks with minor divergence rates include Aima Technology (603529) and China Railway Construction (601186) with divergence rates of 1.06% and 0.96% respectively [1]

证券之星消息，8月19日，新天然气（603393）融资买入2739.94万元，融资偿还2088.19万元，融资净买 入651.75万元，融资余额5.05亿元，近3个交易日已连续净买入累计2051.27万元，近20个交易日中有12 个交易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-08-19 | 651.75万 | 5.05亿 | 3.97% | | 2025-08-18 | 1145.10万 | 4.98亿 | 3.90% | | 2025-08-15 | 254.42万 | 4.87亿 | 3.80% | | 2025-08-14 | 1096.98万 | 4.85亿 | 3.82% | | 2025-08-13 | -9.56万 | 4.74亿 | 3.70% | 融券方面，当日融券卖出1.68万股，融券偿还1400.0股，融券净卖出1.54万股，融券余量3.33万股。 | 交易日 | 融券冷卖用(股) | | 融券余重(股) | 融券余额(元) | | --- | --- | --- | ...

Investment Rating - The report maintains a "Buy" rating for key companies in the oil and gas sector, including China National Petroleum Corporation, China National Offshore Oil Corporation, Sinopec, Zhongman Petroleum, and New Natural Gas [5]. Core Insights - The report emphasizes that oil prices have bottom support in the short term, regardless of the outcomes of the US-Russia meeting [1][9]. - It highlights that major international oil agencies have raised their supply growth forecasts for 2025, indicating a potential oversupply situation [2][10]. - The report suggests that the US oil production is on the rise, which could impact global oil prices and supply dynamics [4][11]. Summary by Sections Industry Overview - The report discusses the geopolitical context surrounding oil prices, particularly the US-Russia meeting and its implications for oil supply and demand [1][9]. - It notes that OPEC's production increased by 262,000 barrels per day in July, with varying contributions from member countries [1][9]. Supply and Demand Forecasts - EIA and IEA have adjusted their 2025 supply and demand growth forecasts, with EIA raising supply by 47,000 barrels per day and demand by 18,000 barrels per day, leading to a projected oversupply of 1.64 million barrels per day [2][10]. - OPEC's forecast indicates a supply growth adjustment of 10,000 barrels per day, while IEA has raised supply growth by 40,000 barrels per day but lowered demand growth by 20,000 barrels per day [2][10]. Price Trends - As of August 15, Brent crude oil futures settled at $65.85 per barrel, down 0.87% week-on-week, while WTI futures settled at $62.80 per barrel, down 1.69% [3][11]. - The report also notes a decline in natural gas prices, with NYMEX natural gas futures closing at $2.92 per million British thermal units, down 2.44% [3][11]. Company Performance and Recommendations - The report recommends focusing on companies with strong resource advantages and high dividend yields, such as China National Petroleum Corporation, China National Offshore Oil Corporation, and Sinopec [4][14]. - It also highlights the growth potential of Zhongman Petroleum and New Natural Gas, which are encouraged by domestic policies to increase oil and gas reserves [4][14].