Core Viewpoint - The company Zhongman Petroleum (603619) has confirmed that its product sales from the Kenki oil field are settled in the local currency, the tenge [1] Company Summary - Zhongman Petroleum is currently conducting sales in the Kenki oil field using the local currency, which is the tenge [1]

Core Viewpoint - The company, Zhongman Petroleum, is actively managing foreign exchange risks by regularly assessing exposure and adjusting strategies to mitigate the impact of currency fluctuations on its performance [1] Group 1: Foreign Exchange Risk Management - The company will periodically evaluate foreign exchange risks and analyze exposure [1] - It plans to dynamically adjust its foreign exchange risk management strategies based on various factors, including local financial environment, contract terms, and relevant foreign exchange policies [1] - The company aims to optimize settlement methods and cycles to minimize the impact of exchange rate volatility on its performance [1] Group 2: Interest Expenses - Interest expenses primarily include bank loan interest and foreign exchange losses [1]

Company Overview - Zhongman Petroleum has seen its stock price increase by 1.19% year-to-date, with a recent 5-day increase of 1.21%, a 20-day decrease of 1.43%, and a 60-day decrease of 2.10% [2] - The company was established on June 13, 2003, and went public on November 17, 2017. Its main business includes exploration and development, oilfield engineering, and petroleum equipment manufacturing [2] - The revenue composition of Zhongman Petroleum includes 54.70% from crude oil and its derivatives, 38.43% from drilling engineering services, 5.97% from drilling equipment and parts sales and leasing, and 0.66% from other sources [2] Financial Performance - For the first half of 2025, Zhongman Petroleum achieved a revenue of 1.981 billion yuan, representing a year-on-year growth of 3.29%. However, the net profit attributable to shareholders decreased by 29.81% to 300 million yuan [2] - The company has distributed a total of 888 million yuan in dividends since its A-share listing, with 718 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, Zhongman Petroleum had 44,300 shareholders, an increase of 32.16% from the previous period. The average number of circulating shares per shareholder decreased by 24.33% to 10,440 shares [2] - Among the top ten circulating shareholders, Dazhong New锐产业混合A (090018) is the fifth largest with 6.851 million shares, while Hong Kong Central Clearing Limited is the eighth largest with 4.395 million shares, having reduced its holdings by 787,200 shares [3] Market Activity - On September 26, Zhongman Petroleum's stock rose by 2.17%, reaching 19.29 yuan per share, with a trading volume of 82.5754 million yuan and a turnover rate of 0.93%. The total market capitalization is 8.919 billion yuan [1] - The net inflow of main funds was 5.5556 million yuan, with large orders accounting for 23.50% of purchases and 16.78% of sales [1]

Key Points - Yunnan Tourism currently lacks the capability for robot complete machine design or production [1] - Dongfang Yuhong plans to invest 600 million yuan in the construction of a new material industry chain project in Shanglin County [1] - Hongrun Construction is part of a consortium that has pre-won a 1.36 billion yuan engineering project [1] - Zhongman Petroleum intends to acquire a 49% stake in Xinhuaxia Dubai [1] - Qibin Group plans to repurchase shares worth between 100 million to 200 million yuan [2] - Shuanglin Co. has submitted an application for the issuance and listing of overseas listed shares (H shares) to the Hong Kong Stock Exchange [2] - Baiya Co.'s controlling shareholder and actual controller's concerted actors plan to reduce their holdings by no more than 2% [2] - Hanyu Pharmaceutical plans to raise no more than 968 million yuan through a private placement [3] - Jihong Co. expects a year-on-year increase of 65.72% to 76.86% in net profit excluding non-recurring gains and losses for the first three quarters [3]

Group 1 - The Ministry of Commerce has added three US entities, including Huntington Ingalls Industries, to the export control list and three others to the unreliable entity list [1] - The digital RMB international operation center has officially launched in Shanghai, introducing three major business platforms: cross-border digital payment, blockchain service, and digital asset platform [1] - The Ministry of Education and the State Administration for Market Regulation have issued guidelines for the procurement and acceptance management of bulk food ingredients in school canteens, requiring suppliers to have legal operating qualifications [1] Group 2 - The Chinese government is initiating a trade and investment barrier investigation against Mexico due to proposed increases in import tariffs on products from non-free trade partners, including China [1] - The China Foreign Exchange Trading Center announced improvements to the "Swap Connect" mechanism, including an increase in the daily net limit to 45 billion yuan starting October 13, 2025 [1] - The China Securities Investment Fund Industry Association reported that the net asset value of public funds in China has surpassed 36 trillion yuan, reaching a historical high of 36.25 trillion yuan as of August 2025 [1] Group 3 - Five A-share companies, including Pingmei Shenma and Yicheng New Energy, announced that the Henan provincial government will implement a strategic restructuring of two major energy groups, which will not significantly impact their operations [1] - Hanyu Pharmaceutical announced plans to raise no more than 968 million yuan for the research and development of Semaglutide, including domestic injectable and US oral formulations [1] - The financing prosperity index for small and micro enterprises in August 2025 was reported at 54.22 points, indicating a slight decline from July, with overall credit structure continuing to optimize [1] Group 4 - Non-coal Holdings plans to implement a strategic restructuring involving its controlling shareholder [6] - China Railway recently won bids for 11 major projects with a total bid amount of 50.215 billion yuan [6] - Ganfeng Lithium's subsidiary is increasing capital and introducing investors for its lithium battery business [6]

Group 1 - The company held its 13th meeting of the 4th Board of Directors on September 24, 2025, to discuss various proposals, including the acquisition of minority shareholder equity in a subsidiary [2][3][5] - The board approved the proposal for the acquisition of 49% equity in Rising Energy International Middle East FZCO for a total consideration of 56,316.03 thousand RMB (approximately 7,931.83 thousand USD) [10][12][15] - The acquisition aims to enhance the company's oil and gas resource volume and production rights, allowing the company to hold 100% equity in the target company after the transaction [10][14][16] Group 2 - The board also approved a revision to the fundraising management system, which will be submitted for shareholder approval [5][6] - A proposal to convene the third extraordinary general meeting of shareholders in 2025 was also approved, scheduled for October 14, 2025 [7][8] - The company has not engaged in any transactions with the same related party in the past 12 months, excluding routine related transactions [12][20] Group 3 - The acquisition is classified as a related party transaction due to the controlling shareholder's significant stake in the selling entity, but it does not constitute a major asset restructuring as defined by regulations [11][18] - The target asset, the Kenge block in Kazakhstan, has estimated geological reserves of 64.41 million tons of crude oil and 21.8 billion cubic meters of natural gas [24][25] - The company aims to leverage its integrated operational capabilities to enhance exploration and development efficiency, thereby increasing production and reducing costs [35]

Group 1: Company Announcements - Yunnan Tourism (002059.SZ) currently lacks the capability for robot complete machine design or production [1] - Dongfang Yuhong (002271.SZ) plans to invest 600 million yuan in the construction of a new material industry chain project in Shanglin County [1] - Macro Construction (002062.SZ) is part of a consortium that has pre-won a 1.36 billion yuan engineering project [1] - Zhongman Petroleum (603619.SH) intends to acquire 49% equity in Xinhuaxia Dubai [1] - Qibin Group (601636.SH) plans to repurchase shares worth between 100 million to 200 million yuan [1] - Shuanglin Co., Ltd. (300100.SZ) has submitted an application for the issuance and listing of overseas listed shares (H shares) to the Hong Kong Stock Exchange [1] - Zhiya Co., Ltd. (002803.SZ) plans to reduce holdings by no more than 2% of shares by the controlling shareholder and actual controller's concerted actors [1] - Hanyu Pharmaceutical (300199.SZ) plans to raise no more than 968 million yuan through a private placement [2] - Jihong Co., Ltd. (002803.SZ) expects a year-on-year increase of 65.72% to 76.86% in net profit excluding non-recurring gains and losses for the first three quarters [2] Group 2: Project Investments - Longxing Technology (002442.SZ) plans to invest in the energy-saving upgrade and transformation project of carbon black tail gas waste heat power generation [1] - Changqing Group (002616.SZ) intends to invest in the second phase of the Maoming Changqing combined heat and power project and supporting pipeline engineering [1] Group 3: Contract Wins - Shiji Hengtong (301428.SZ) has won a project worth 1.065 billion yuan [1] - Beixin Road and Bridge (002307.SZ) has won a 430 million yuan engineering project [1] - State Grid Information and Communication (600131.SH) subsidiary has won a 605 million yuan project from the State Grid [1]

Core Viewpoint - The company Zhongman Petroleum plans to acquire a 49% stake in Rising Energy International Middle East FZCO for approximately 560 million RMB, aiming for full ownership of the company and its oil and gas assets in Kazakhstan [1][4][3]. Group 1: Acquisition Details - Zhongman Petroleum's wholly-owned subsidiary, Zhongman Haibay, will purchase the 49% stake from China Rising Energy International (Cayman) Co., Limited for 79.3183 million USD, equivalent to about 560 million RMB [4][6]. - Prior to the acquisition, Zhongman Haibay already held a 51% stake in Rising Energy, making it the controlling shareholder [6]. - The transaction is classified as a related party transaction due to the ownership structure, with the ultimate controlling party being Li Chundi, the actual controller of Zhongman Petroleum [2][7]. Group 2: Financial Implications - The independent directors of Zhongman Petroleum believe that the acquisition will enhance the company's oil and gas resource reserves, increase production, and ultimately improve financial performance [8]. - The valuation report indicates that the total equity value of Rising Energy is approximately 1.149 billion RMB, with a book value of 579 million RMB, resulting in a valuation increase of 570 million RMB, representing a 98.54% premium [10][11]. - The increase in value is primarily attributed to long-term equity investments, which saw a valuation rise from 392 million RMB to 963 million RMB, reflecting a 145.41% increase [11]. Group 3: Asset Overview - The project in question, the Jange oil and gas field, is located in southwestern Kazakhstan and is characterized as a medium-sized oil and gas field with developed surrounding infrastructure [12]. - According to a third-party assessment, the Jange oil field has a 2P (Proven and Probable) geological oil reserve of 64.41 million tons, with an economically recoverable reserve of 5.9753 million tons [12].

Mergers and Acquisitions - Zhongman Petroleum plans to acquire 49% stake in Xinhuaxia Dubai from Xinhuaxia Cayman for a transaction amount of 563 million RMB (approximately 79.32 million USD) [1] - Gansu Energy Chemical intends to acquire 100% stake in Gansu Energy Coal Storage and Transportation Company from its related party for a price of 102 million RMB, which constitutes a related party transaction but does not qualify as a major asset restructuring [2] - Yicheng New Energy received notification from its controlling shareholder, China Pingmei Shenma Group, regarding a strategic restructuring initiated by the Henan provincial government for Henan Energy Group and China Pingmei Shenma Group [3] Shareholding Changes - Shengshi Technology's employee shareholding platforms plan to collectively reduce their holdings by up to 3% of the company's shares, amounting to a maximum of 7.84 million shares [4] - Milkway's actual controllers, Chen Yinhai and Li Renli, plan to reduce their holdings by up to 4.02% of the company's shares through block trades and centralized bidding, with a specific reduction of up to 1.5% and an additional shareholder planning to reduce by up to 1.02% [5] - Haizheng Biomaterials announces that Sinopec Capital intends to reduce its holdings by no more than 1% of the company's shares, equating to a maximum of 202,670 shares [6] - Jialiqi's shareholders, holding a combined 6.7824% stake, plan to reduce their holdings by up to 3%, which translates to a maximum of 248,930 shares [7]

Core Viewpoint - Zhongman Petroleum (603619) announced the acquisition of a 49% stake in Xinhuaxia Dubai from its subsidiary Xinhuaxia Cayman for 563 million RMB (approximately 79.32 million USD), which will result in Zhongman holding 100% of Xinhuaxia Dubai and indirectly 100% of the Jange Block [1] Group 1: Acquisition Details - The acquisition amount is 563 million RMB (approximately 79.32 million USD) [1] - After the acquisition, Zhongman will hold 100% equity in Xinhuaxia Dubai [1] - The transaction is classified as a related party transaction due to the controlling shareholder holding 58.57% of Xinhuaxia Energy [1] Group 2: Financial Impact - The funding for the acquisition will come from the company's own funds and bank loans [1] - The company stated that the transaction will not have a significant impact on its operational and financial status [1] - There are no concerns regarding the protection of the company's and all shareholders' rights [1]