证券代码：603619 证券简称：中曼石油 公告编号：2025-054 中曼石油天然气集团股份有限公司 关于 2025 年 8 月对外担保的进展公告 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： 担保对象及基本情况 （二）内部决策程序 公司已分别于 2025 年 4 月 23 日和 2025 年 6 月 5 日召开第四届董事会第八 次会议和 2024 年年度股东大会，审议通过了《关于预计公司 2025 年度对外担保 额度的议案》，具体内容详见公司于 2025 年 4 月 25 日在指定信息披露媒体上发 布的《关于预计公司 2025 年度对外担保额度的公告》（公告编号：2025-018）。 | 中曼石油装备集团有限公司（以下 | 被担保人名称 | 简称"中曼装备集团"） | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 本次担保金额 | 1,000 | 万元 | 担保对象一 | 实际为其提供的担保余额 | 3,000 | 万元 | | ...

证券之星消息，9月4日油服工程板块较上一交易日下跌1.05%，仁智股份领跌。当日上证指数报收于 3765.88，下跌1.25%。深证成指报收于12118.7，下跌2.83%。油服工程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) | | | --- | --- | --- | --- | --- | --- | --- | | 300191 | 潜能恒信 | 20.33 | 1.40% | 6.53万 | | 1.32亿 | | 002828 | 贝肯能源 | 10.33 | 1.18% | 14.05万 | 1.46亿 | | | 600339 | 中油工程 | 3.46 | 0.00% | 38.36万 | | 1.32亿 | | 002207 | 准油股份 | 7.41 | -0.54% | 20.20万 | | 1.50亿 | | 600583 | 海丁田駅 | 5.36 | -0.56% | 56.76万 | | 3.03亿 | | 600871 | 石化油服 | 2.03 | -0.98% | 115.47万 | | 2.35亿 | | 601 ...

行业研究 证 券 研 究 报 告 能源周报（20250825-20250831） 乌克兰袭击俄罗斯能源设施，本周油价震荡 推荐（维持） 运行 基础化工 2025 年 09 月 01 日 华创证券研究所 证券分析师：杨晖 邮箱：yanghui@hcyjs.com 执业编号：S0360522050001 证券分析师：吴宇 邮箱：wuyu1@hcyjs.com 执业编号：S0360524010002 证券分析师：陈俊新 《新疆周报（20250823-20250829）：山能 80 万吨 煤制烯烃 MTO 装置总承包开工会召开》 2025-09-01 《基础化工行业周报（20250825-20250831）：本周 腈纶短纤、正丁醇、丙烯酸甲酯价格涨幅居前》 2025-08-31 《农药行业深度研究报告系列一：行业景气周期 已至——结构性行情转向全面周期向上》 邮箱：chenjunxin@hcyjs.com 执业编号：S0360525040001 行业基本数据 | | | 占比% | | --- | --- | --- | | 股票家数(只) | 493 | 0.06 | | 总市值(亿元) | 51,830.02 | ...

Financial Performance - For the first half of 2025, the company's operating revenue was approximately 1.98 billion, an increase from 1.92 billion in the same period last year, reflecting a growth of about 3.3% [1] - The total profit for the same period was approximately 441 million, down from 546 million year-on-year, indicating a decline of about 19.1% [1] - The net profit attributable to shareholders was approximately 300 million, a decrease from 428 million in the previous year, representing a decline of about 29.8% [1] - The net cash flow from operating activities was approximately 429 million, down 11.96% from 487 million in the previous year [22] Asset and Liability Changes - As of the end of the first half of 2025, the company's net assets attributable to shareholders were approximately 4.19 billion, up from 4.00 billion at the end of the previous year [1] - The company's long-term borrowings increased by 22.96%, while short-term borrowings decreased by 8.98% compared to the end of the previous year [35] - The company's inventory increased by 32% compared to the end of the previous year, while cash and cash equivalents decreased by 3.16% [32][38] Shareholder Structure - The top ten shareholders as of the end of the first half of 2025 included new entrants such as Dachen New锐 Industrial Mixed Securities Investment Fund and Shanghai Gongrong Investment Center [47] - The largest shareholder, Shanghai Zhongman Investment Holding Co., Ltd., held approximately 19.01% of the total shares, with a slight increase in shareholding [48] - Notably, 14.02% of the company's shares were under pledge as of August 22, 2025, with significant portions pledged by the top two shareholders [47] Valuation Metrics - As of August 27, 2025, the company's price-to-earnings (P/E) ratio was approximately 15.48, the price-to-book (P/B) ratio was about 2.21, and the price-to-sales (P/S) ratio was also around 2.21 [1]

公司原油产量稳步提升，不过国际油价大幅下滑拖累业绩。2025 年上半年,公司油气产量持续攀升,合计 生产原油43.89 万吨,同比增加8.37%,生产油气当量54.82 万吨。温宿项目作为公司产量核心支柱，2025 年上半年生产原油31.80 万吨，同比增加0.54%，伴生气2,417.85 万方，合计生产油气当量33.73 万吨； 坚戈项目产量显著提升，上半年生产原油12.09 万吨，同比增加36.30%，伴生气11,292 万方，合计生产 油气当量21.09 万吨。2025 年上半年原油及衍生品销量共计37.05 万吨，其中温宿区块销量为26.93 万 吨；坚戈区块销量为10.12 万吨。从价格来看，2025Q2 布油均价为66.71 美元/桶，环比一季度74.98 美 元/桶下滑11.0%，受此影响，公司二季度油气销售板块经营利润环比显著下滑。此外，公司二季度财务 费用1.37 亿元，环比一季度大幅增长1.6 亿元，主要是公司伊拉克油田建设基金摊销增加利息费用所 致。 作为国内首家拥有自主油田的民营企业，在不考虑未来股本变动的情况下，假设布油约63美元/桶，预 计公司2025 年-2027 年归母净利润 ...

Market Overview - On August 29, the oil service engineering sector declined by 1.11%, with Haiyou Development leading the drop [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Individual Stock Performance - Among the oil service engineering stocks, Zhongman Petroleum (603619) rose by 1.98% to a closing price of 19.57, with a trading volume of 174,400 shares and a transaction value of 340 million yuan [1] - Haiyou Development (600968) fell by 2.44% to a closing price of 66, with a trading volume of 927,500 shares and a transaction value of 374 million yuan [2] - Other notable performers include Renji Co. (002629) with a 1.48% increase and a closing price of 6.85, and Qianeng Hengxin (300191) with a 1.28% increase and a closing price of 20.56 [1][2] Capital Flow Analysis - The oil service engineering sector experienced a net outflow of 165 million yuan from institutional investors, while retail investors saw a net inflow of 80.99 million yuan [2] - The capital flow for individual stocks indicates that Zhongman Petroleum had a net inflow of 56.2 million yuan from institutional investors, while Haiyou Development had a net outflow of 9.35 million yuan [3]

据证券之星公开数据整理，近期中曼石油（603619）发布2025年中报。截至本报告期末，公司营业总收 入19.81亿元，同比上升3.29%，归母净利润3.0亿元，同比下降29.81%。按单季度数据看，第二季度营 业总收入10.38亿元，同比下降6.59%，第二季度归母净利润7046.3万元，同比下降72.36%。本报告期中 曼石油公司应收账款体量较大，当期应收账款占最新年报归母净利润比达96.99%。 本次财报公布的各项数据指标表现一般。其中，毛利率44.0%，同比减6.25%，净利率16.07%，同比减 30.16%，销售费用、管理费用、财务费用总计2.99亿元，三费占营收比15.08%，同比增29.19%，每股净 资产9.06元，同比增37.27%，每股经营性现金流0.93元，同比减23.83%，每股收益0.76元，同比减 30.28% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 19.18 Z | 19.81 Z | 3.29% | | 归母净利润(元) | 4.28亿 | 3亿 | -29.81% | ...

每经AI快讯，民生证券8月28日发布研报称，给予中曼石油（603619.SH，最新价：19.09元）推荐评 级。评级理由主要包括：1）毛利环比表现稳健，伊拉克油田项目启动以及汇兑损失增加使得期间费用 大增；2）原油业务毛利下滑，油服业务盈利回升；3）原油产量迅速增长，首次布局非洲勘探市场。风 险提示：油价大幅下降风险；勘探进程不达预期的风险；海外油田作业进度不及预期的风险。 每经头条（nbdtoutiao）——世界首例基因编辑猪肺成功移植人体 对话主要参与者：距离临床应用还有 多远？ （记者 张明双） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 ...

证券研究报告 公司研究 [Table_ReportType] 点评报告 [Table_StockAndRank] 中曼石油（603619.SH） 投资评级 买入 上次评级 买入 刘红光 石化行业联席首席分析师 执业编号：S1500525060002 邮箱：liuhongguang@cindasc.com ➢ 上半年公司利润出现同比下降，主要受到国际油价下跌（H1 布油均价 同比-15%至 70 美元/桶）、Q2 坚戈汇率变动导致汇兑损失增加、伊拉 克油田项目启动导致管理费用增加（其中勘探费用同比+4880 万元）三 方面的影响。上半年公司库存商品增加约 1.9 亿元。 ➢ 上半年公司原油业务的桶油毛利润 32 美元/桶，同比-7.86 美元/桶。 原油平均实现价格为 48 美元/桶（按原油产量计），同比约-6 美元/桶 （同比-11.16%），小于布油跌幅，可能是哈萨克地区原油内销价格波 动较小的影响。桶油平均生产成本 15 美元/桶（按原油产量计），同比 约+2 美元/桶，可能是哈萨克油田产量占比增加所致。 ➢ 海外坚戈油田为增产主力。H1 公司温宿、坚戈油气产量当量分别为 33.73、21.09 万吨，同 ...

Investment Rating - The report maintains a "Recommended" rating for the company [5][7]. Core Views - The company achieved a revenue of 1.981 billion yuan in the first half of 2025, representing a year-on-year growth of 3.29%. However, the net profit attributable to shareholders decreased by 29.81% to 300 million yuan [1][3]. - The gross profit margin showed resilience, but the operating expenses surged significantly due to the initiation of the Iraq oilfield project and increased foreign exchange losses [2][4]. - The company has successfully entered the African exploration market with a new project in Algeria, holding a 90% stake in a 38,700 square kilometer area with estimated natural gas reserves of 109.257 billion cubic meters [4]. Summary by Sections Financial Performance - In Q2 2025, the company reported a revenue of 1.038 billion yuan, a year-on-year decline of 6.56% but a quarter-on-quarter increase of 10.02%. The net profit attributable to shareholders was 70 million yuan, down 72.44% year-on-year and 69.33% quarter-on-quarter [2]. - The gross profit for Q2 2025 was 438 million yuan, a year-on-year decrease of 17.17% but a slight quarter-on-quarter increase of 0.98%. Operating expenses reached 287 million yuan, a significant year-on-year increase of 71.38% and a quarter-on-quarter increase of 257.56% [2]. Business Segments - The oil sales segment generated 1.084 billion yuan in revenue, down 2.72% year-on-year, while the oil service segment saw a revenue increase of 15.75% to 761 million yuan [3]. - The gross profit from oil sales decreased by 11.96% to 734 million yuan, while the oil service segment's gross profit surged by 203.29% to 119 million yuan [3]. Production and Exploration - The company produced 438,900 tons of crude oil in the first half of 2025, an increase of 8.37% year-on-year. The production from the Wensu and Gengke blocks was 318,000 tons and 120,900 tons, respectively [4]. - The company has optimized its extraction plans in the Gengke block, showing significant production increases in Q1 and Q2 2025 [4]. Investment Outlook - The company is expected to have strong cost advantages and high growth potential in production. The projected net profits for 2025, 2026, and 2027 are 685 million yuan, 922 million yuan, and 1.041 billion yuan, respectively, with corresponding EPS of 1.48 yuan, 1.99 yuan, and 2.25 yuan [5][6].