Investment Rating - The report maintains an "Outperform the Market" rating for Zhongman Petroleum (603619.SH) with a target price of 21.53 yuan [1][10][9]. Core Views - The company's crude oil production is steadily increasing, with a significant contribution expected from its projects in Iraq. The net profit attributable to shareholders for Q3 2024 increased by 41.62% year-on-year [1][4]. - For the first three quarters of 2024, the company achieved a revenue of 3.051 billion yuan, a year-on-year increase of 6.87%, and a net profit of 668 million yuan, up 12.65% year-on-year [1][4]. - The report highlights the stable growth in oil production from domestic fields and the rapid capacity increase in Kazakhstan, which is expected to drive profitability [1][7]. Financial Performance Summary - In Q3 2024, the company reported revenues of 1.133 billion yuan, a year-on-year increase of 13.23% and a quarter-on-quarter increase of 2.02%. The net profit for the same period was 241 million yuan, reflecting a year-on-year increase of 41.62% but a quarter-on-quarter decrease of 5.84% [1][4]. - The gross margin and net margin for the first three quarters of 2024 were 47.73% and 22.50%, respectively, with slight year-on-year changes [5][1]. - The company’s expenses increased by 1.58 percentage points to 15.78%, primarily due to rising financial and sales costs [5][1]. Production and Project Developments - The Wensu oilfield in China has shown stable production growth, with Q3 2024 production reaching 170,000 tons, a year-on-year increase of 9.18%. The Kazakhstan project saw a remarkable year-on-year production increase of 122.69% in Q3 2024 [7][1]. - The company signed a 20-year development contract for the EBN and MF blocks in Iraq, with estimated geological reserves of approximately 1.722 billion tons of oil and 136.2 billion cubic meters of gas [8][1]. Profit Forecasts - The report adjusts the profit forecasts downward, projecting revenues of 4.339 billion yuan for 2024, 5.258 billion yuan for 2025, and 6.321 billion yuan for 2026. The net profit forecasts are 955 million yuan for 2024, 1.172 billion yuan for 2025, and 1.531 billion yuan for 2026 [9][2]. - The earnings per share (EPS) are expected to be 2.07 yuan for 2024, 2.53 yuan for 2025, and 3.31 yuan for 2026, with corresponding price-to-earnings (PE) ratios of 10.4, 8.5, and 6.5 [9][2].

本次活动将采取网络的方式举行，投资者可以登录"上证路演中心"网站 （https://roadshow.sseinfo.com）或关注微信公众号上证路演中心参与互动交流，活 动时间为 2024 年 11 月 13 日（周三）15:00 至 16:30。 届时公司董事长兼总裁李春第先生、高级副总裁兼财务总监叶吉峰先生、董事 会秘书石明鑫先生将通过网络在线交流形式与投资者就公司治理、发展战略、经营 状况、融资计划、股权激励和可持续发展等投资者关注的问题进行沟通。欢迎广大 投资者积极参与！（如遇特殊情况，出席人员可能进行部分调整）。 特此公告。 中曼石油天然气集团股份有限公司董事会 中曼石油天然气集团股份有限公司 关于参加 2024 年上海辖区上市公司三季报 集体业绩说明会的公告 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。 为进一步加强与广大投资者的沟通交流，中曼石油天然气集团股份有限公司 （以下简称"公司"）将参加"2024 年上海辖区上市公司三季报集体业绩说明会" 活动，现将有关事项公告如下： 证券代码：603619 股票简称 ...

证券代码：603619 股票简称：中曼石油 公告编号：2024-098 中曼石油天然气集团股份有限公司 关于控股股东部分股份解质押的公告 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: 中曼石油天然气集团股份有限公司（以下简称"公司"）控股股东上海中 曼投资控股有限公司（以下简称"中曼控股"）持有公司股份数量 82,142,700 股， 占公司总股本的 17.77%。本次解质押后，中曼控股持有公司股份累计质押数量 为 45,758,627 股，占其持股数量的 55.71%。 公司控股股东中曼控股累计质押股份数量为 45,758,627 股，占其持股比 例的 55.71%；控股股东及其一致行动人累计质押股份数量为 58,758,627 股，占 其持股比例的 50.90%。 一、本次股份解质押的基本情况 公司于 2024 年 11 月 4 日接到中曼控股的通知，获悉中曼控股将质押给王滔 的 5,000,000 股无限售流通股于 2024 年 11 月 1 日办理了解除质押登记手续，具 体情况如下： 1.本次股份被解 ...

Investment Rating - The report maintains a "Buy" rating for Zhongman Petroleum (603619 SH) [4] Core Views - Zhongman Petroleum achieved revenue of 3 051 billion yuan in the first three quarters of 2024, a year-on-year increase of 6 87% Net profit attributable to the parent company was 668 million yuan, up 12 65% year-on-year [4] - In Q3 2024, the company's revenue was 1 133 billion yuan, a year-on-year increase of 13 23% and a quarter-on-quarter increase of 2 02% Net profit attributable to the parent company was 241 million yuan, up 41 62% year-on-year but down 5 84% quarter-on-quarter [4] - The company's crude oil production continues to grow steadily, with the Wensu project producing 170,000 tons in Q3 2024, a year-on-year increase of 9 18% The Zhange project produced 53,000 tons, up 122 69% year-on-year [4] Crude Oil Reserves and Growth Potential - The Wensu oilfield has proven geological reserves of 30 11 million tons, with an additional 10 924 million tons of oil reserves preliminarily proven in 2023 [5] - The Zhange oilfield in Kazakhstan has combined C1+C2 geological reserves of 78 535 million tons [5] - The EBN block in Iraq has an original oil in place of approximately 12 365 billion barrels (1 766 billion tons) and dissolved gas of 543 1 billion cubic feet (153 8 billion cubic meters) [6] - The MF block in Iraq has an original oil in place of approximately 2 813 billion barrels (400 million tons) and dissolved gas of 731 billion cubic feet (20 7 billion cubic meters) [6] Financial Projections - Assuming Brent crude oil price of 75 USD/barrel, the company's net profit attributable to the parent company is expected to be 950 million yuan in 2024, 1 4 billion yuan in 2025, and 1 62 billion yuan in 2026 [7] - The PE ratio is projected to be 10 4X for 2024, 7 1X for 2025, and 6 1X for 2026 based on the closing price on November 1, 2024 [7] Iraq Project Development - The company signed development and production contracts for the EBN and MF blocks in Iraq on October 27, 2024, with a contract term of 20 years, extendable by 5 years [10] - The company is required to submit an initial development plan within 6 months of the contract's effective date and complete necessary operations within 3 years after the plan's approval [10]

Investment Rating - The report maintains a "Recommended" rating for Zhongman Petroleum (603619.SH) [4][6]. Core Views - The company achieved a revenue of 3.051 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 6.87%, and a net profit attributable to shareholders of 668 million yuan, up 12.65% year-on-year [1]. - In Q3 2024, the company reported a revenue of 1.133 billion yuan, a year-on-year increase of 13.23%, and a net profit of 241 million yuan, which is a 41.62% increase year-on-year [1][2]. - The company has signed new oil and gas blocks in Iraq, which are expected to significantly contribute to long-term production growth [3]. Financial Performance - For the first three quarters of 2024, the company’s crude oil production reached 628,000 tons, a year-on-year increase of 28.08% [2]. - The Q3 2024 crude oil production was 223,000 tons, reflecting a year-on-year growth of 24.23% [2]. - The company forecasts net profits of 917 million yuan, 1.218 billion yuan, and 1.516 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 1.98 yuan, 2.63 yuan, and 3.28 yuan [4][7]. Future Outlook - The report anticipates that global capital expenditure in oil will remain insufficient, leading to a tight supply-demand situation and stable high oil prices, which will benefit the company’s growth [4]. - The company’s production capacity is expected to grow significantly, supported by its integrated cost advantages [4].

Investment Rating - The investment rating for Zhongman Petroleum (603619.SH) is "Buy" [1]. Core Views - The report highlights that in Q3 2024, Zhongman Petroleum achieved a revenue of 3.051 billion yuan, a year-on-year increase of 7%, and a net profit attributable to shareholders of 668 million yuan, up 13% year-on-year. However, the net profit after deducting non-recurring items decreased by 6% year-on-year [1]. - The increase in revenue and profit is primarily attributed to the exploration and development segment as well as the equipment manufacturing segment [1]. - The company’s oil production saw rapid growth, with Q3 2024 oil output reaching 223,000 tons, a year-on-year increase of 24.23% [1]. Financial Performance Summary - For the first three quarters of 2024, the company reported total revenue of 3.051 billion yuan, a 7% increase year-on-year, and a net profit of 668 million yuan, a 13% increase year-on-year. The net profit after non-recurring items was 633 million yuan, down 6% year-on-year [1]. - The operating cash flow for the period was 872 million yuan, up 7% year-on-year, with basic earnings per share at 1.67 yuan, an 11% increase year-on-year [1]. - The gross margin for Q3 was 49.1%, up 1.5 percentage points quarter-on-quarter, while the net margin was 21.6%, down 1.5 percentage points quarter-on-quarter due to increased management, financial, and tax expenses [1]. Production and Development Highlights - The company’s oil production for Q3 2024 was 223,000 tons, with a year-on-year increase of 24.23% and a quarter-on-quarter increase of 7.63%. The production from the Wensu area was 170,000 tons, up 9.18% year-on-year [1]. - The Kange oil field production reached 53,000 tons, a significant year-on-year increase of 122.69% [1]. - The company has entered a rapid capacity expansion phase for the Kange project, with total oil production for the first three quarters of 2024 amounting to 628,000 tons, a year-on-year increase of 28.08% [1]. Future Outlook and Earnings Forecast - The report forecasts net profits for Zhongman Petroleum to be 951 million yuan in 2024, 1.028 billion yuan in 2025, and 1.239 billion yuan in 2026, with year-on-year growth rates of 17.5%, 8.0%, and 20.5% respectively [1]. - The earnings per share (EPS) are projected to be 2.06 yuan in 2024, 2.22 yuan in 2025, and 2.68 yuan in 2026, with corresponding price-to-earnings (P/E) ratios of 9.86, 9.13, and 7.57 [1].

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,133,107,508.09, representing a 13.23% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2024 was ¥240,759,791.37, a decrease of 41.62% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥214,969,536.37, down 15.47% from the previous year[3]. - The basic earnings per share for Q3 2024 was ¥0.58, reflecting a 34.88% increase compared to the same period last year[4]. - The net profit for the third quarter of 2024 reached ¥686,388,254.26, an increase from ¥603,516,516.57 in the same period of 2023, representing a growth of approximately 13.0%[21]. - The company's operating profit for Q3 2024 was ¥883,455,673.07, up from ¥818,845,066.06 in Q3 2023, reflecting a growth of approximately 7.9%[20]. - The company's total profit for Q3 2024 was ¥882,317,209.47, compared to ¥817,125,758.58 in Q3 2023, indicating a growth of approximately 8.0%[20]. Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached RMB 3,051,055,887.38, an increase of 6.86% compared to RMB 2,855,015,148.22 in the same period of 2023[18]. - Total operating costs for the first three quarters of 2024 were RMB 2,197,704,855.85, up from RMB 2,043,135,878.69 in 2023, reflecting a year-on-year increase of 7.59%[18]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,854,340,855.07, marking a 16.82% increase from the end of the previous year[5]. - Total liabilities amounted to RMB 6,728,673,755.15, up from RMB 6,400,218,472.17, which is an increase of 5.12%[17]. - Shareholders' equity increased to RMB 4,125,667,099.92 from RMB 2,891,596,420.26, showing a growth of 42.61%[17]. - Current assets as of September 30, 2024, totaled RMB 4,496,388,183.33, compared to RMB 3,158,245,100.34 at the end of 2023, marking a significant increase of 42.38%[15]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥871,594,124.89, an increase of 6.70% compared to the same period last year[3]. - The net cash flow from operating activities for the first three quarters of 2024 was ¥871,594,124.89, compared to ¥816,837,041.23 in 2023, showing an increase of about 6.7%[23]. - Cash and cash equivalents increased to RMB 2,300,284,214.19 from RMB 1,249,711,633.83, representing an increase of 83.83%[15]. - The ending balance of cash and cash equivalents reached $2.09 billion, compared to $1.20 billion at the end of the previous year[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,963, with no preferred shareholders recovering voting rights[9]. - The company issued 62,338,361 shares at a price of RMB 19.00 per share, raising a total of RMB 1,184,428,859, with a net amount of RMB 1,167,615,808 after expenses[12]. Projects and Production - In Q3 2024, the Wensu project produced 170,000 tons of crude oil, an increase of 14,300 tons or 9.18% year-on-year[14]. - The Jiange project achieved a crude oil output of 53,000 tons, up 29,200 tons or 122.69% year-on-year[14]. - For the first three quarters of 2024, the Wensu project produced 486,300 tons of crude oil, an increase of 55,500 tons or 12.88% year-on-year[14]. - The Jiange project produced 141,700 tons of crude oil in the first three quarters, an increase of 82,200 tons or 138.15% year-on-year[14]. Strategic Initiatives - The company continues to implement a strategy focused on "oil and gas resources + technological innovation" to enhance production capacity[13]. - The company is enhancing its technical capabilities and manufacturing capacity through increased technological innovation[13]. - The company has made significant progress in optimizing design and advancing oilfield block exploration and development[13]. Non-Recurring Gains and Expenses - The company reported non-recurring gains of ¥25,790,255.00 for the current period, down from ¥35,152,688.19 in the previous year[7]. - Research and development expenses for Q3 2024 were ¥88,638,480.21, down from ¥103,532,619.06 in Q3 2023, a decrease of about 14.4%[20]. - The financial expenses for Q3 2024 totaled ¥184,113,280.36, an increase from ¥124,426,872.39 in Q3 2023, representing a rise of approximately 47.9%[20]. - The company reported a decrease in management expenses for Q3 2024, totaling ¥168,510,509.48, down from ¥185,704,421.50 in Q3 2023, a reduction of about 9.3%[20]. Other Financial Metrics - The other comprehensive income after tax for Q3 2024 was -¥66,445,750.59, compared to -¥17,763,739.49 in Q3 2023, reflecting a decline in comprehensive income[21]. - The company reported a net profit margin improvement, with net profit for the first three quarters of 2024 expected to show positive growth compared to the previous year[18].

证券代码：603619 股票简称：中曼石油 公告编号：2024-097 中曼石油天然气集团股份有限公司 关于签署伊拉克油气区块开发生产合同的公告 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： 目前双方已完成合同的签署，且合同已获得伊拉克共和国部长会议审批通 过。 项目具体开发方案需报 EBN 区块和 MF区块油田作业联合管理委员会审批 后确定，项目开展具体涉及金额尚不确定。 二、交易对手方介绍 （一）基本情况 1.交易对手方名称：Midland Oil Company of the Iraq（伊拉克中部石油公 司） 2.公司负责人：Mohammed Yasseen Hasan 3.主营业务：伊拉克油气资源勘探、开发、生产及运输等。 一、合同签署情况 2024 年 5 月 11 日，中曼石油天然气集团股份有限公司（以下简称"公司"） 参与了伊拉克石油部第五（+）轮和第六轮油气区块招标，公司成功中标获得伊拉 克 East Baghdad Northern Extension 区块（又称 North Extensi ...

中曼石油天然气集团股份有限公司 关于为全资子公司提供担保的公告 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: 被担保人名称：中曼石油钻井技术有限公司(以下简称"中曼钻井") 本次为中曼钻井向上海农村商业银行股份有限公司张江科技支行申请 1,000 万元人民币贷款提供连带责任保证担保。截至目前，公司为中曼钻井提供的 担保余额为 3,000 万元人民币（不含本次担保）。 一、交易情况概述 中曼石油天然气集团股份有限公司（以下简称"公司"）全资子公司中曼钻井向 上海农村商业银行股份有限公司张江科技支行申请 1,000 万元人民币贷款，期限为 为 12 个月，公司为上述贷款提供连带责任保证担保。 公司已分别于 2024 年 4 月 28 日和 2024 年 5 月 20 日召开第三届董事会第四十 六次会议和 2023 年年度股东大会，审议通过了《关于预计公司 2024 年度对外担保 额度的议案》，具体内容详见公司于 2024 年 4 月 30 日在指定信息披露媒体上发布 的《关于预计公司 2024 年度对外担保额度的 ...

关于中曼石油天然气集团股份有限公司 以自筹资金预先投入募集资金投资项目和支付发行费用的 鉴证报告 中国杭州市钱江新城新业路8号UDC时代大厦A座5~8层、12层、23层 Floors 5~8. 12 and 23, Block A, UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-88879000 www.zhcpa.cn 中汇 关于中曼石油天然气集团股份有限公司 以自筹资金预先投入募集资金投资项目和支付发行费用的 监证报告 中汇会鉴[2024]10104号 中曼石油天然气集团股份有限公司全体股东: 我们鉴证了后附的中曼石油天然气集团股份有限公司(以下简称中曼石油公 司)管理层编制的《以自筹资金预先投入募集资金投资项目和支付发行费用的专 项说明》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供中曼石油公司为以募集资金置换预先已投入募集资金投资 项目和支付发行费用的自筹资金之目的使用，不得用作任何其他目的。 二、管理层的责任 三、注册会计师的责任 我们的责任是在实施 ...