Core Viewpoint - Zhongman Petroleum announced that Zhu Fengxue, Gongrong Investment, and Gongyuan Investment hold a combined 7.21% of shares and plan to reduce their holdings between December 19, 2025, and March 18, 2026, due to personal funding needs [1] Group 1: Shareholding Details - Zhu Fengxue holds 5.66%, Gongrong Investment holds 0.90%, and Gongyuan Investment holds 0.65%, making them concerted actors [1] - The total shares to be reduced amount to no more than 13.869 million shares, which is up to 3% of the total share capital [1] Group 2: Reduction Methodology - The planned reduction includes a maximum of 4.623 million shares through centralized bidding, representing up to 1% of the total share capital [1] - Additionally, a maximum of 9.246 million shares will be reduced through block trading, accounting for up to 2% of the total share capital [1] Group 3: Compliance and Reasoning - The reduction aligns with relevant commitments and regulatory requirements [1] - The reason for the reduction is stated as personal funding needs [1]

Core Viewpoint - The announcement details the share pledge situation of Zhongman Petroleum and Natural Gas Group Co., Ltd. and its controlling shareholder, Shanghai Zhongman Investment Holdings Co., Ltd., indicating that the pledge will not impact the company's operations or governance [2][4][5]. Summary by Sections Share Pledge Overview - Zhongman Holdings holds 87,900,528 shares, accounting for 19.01% of the total share capital. After the recent pledge, a total of 50,454,300 shares have been pledged, representing 57.40% of its holdings and 10.91% of the total share capital [2]. - On November 25, 2025, Zhongman Holdings completed the pledge registration for 2,100,000 unrestricted circulating shares [2]. Pledge Details - As of the announcement date, Zhongman Holdings has pledged a total of 10,404,300 shares due within six months, which is 11.84% of its holdings and 2.25% of the total share capital, with a corresponding financing principal balance of 100 million yuan. Additionally, 30,400,000 shares are due within one year, representing 34.58% of its holdings and 6.58% of the total share capital, with a financing principal balance of 250 million yuan [3]. - The sources for repaying the pledged shares include self-owned funds, stock dividends, investment income, and asset sales [3]. Impact on the Company - The share pledge will not affect the company's main business, financing credit, financing costs, or ongoing operational capabilities [4]. - There will be no impact on corporate governance, and the actual control of the company will remain unchanged [5]. - Zhongman Holdings has no performance compensation obligations to fulfill [6]. Other Notes - The company will continue to monitor changes in the share pledge situation of its controlling shareholder and will comply with relevant regulations for timely information disclosure [7].

Focus 1: Jianlong Micro-Nano (688357) - The company has terminated the planning of a major asset restructuring, which was intended to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [1] Focus 2: Industrial Fulian - The company has adjusted the maximum repurchase price for its shares from 19.36 yuan per share to 75.00 yuan per share, reflecting confidence in its future development and market conditions [2] Focus 3: *ST Dongtong - The company received a prior notice from the Shenzhen Stock Exchange regarding the proposed termination of its stock listing [3] Focus 4: Fundraising & Restructuring - Aolaide plans to raise up to 299.71 million yuan through a simplified procedure for issuing shares to specific targets, with proceeds allocated for OLED display core material production and working capital [4] - Maigemi has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific targets, meeting all necessary conditions [4] - Su Yan Jingshen has also received approval for its share issuance application, pending final registration with the China Securities Regulatory Commission [4] Focus 5: Important Matters - Baiao Chemical's major shareholders are transferring a total of 10% of the company's shares to Liu Hongjun, resulting in him holding 10% of the total share capital post-transfer [5][6] - Zhejiang Pharmaceutical is planning to spin off its subsidiary for a listing on the Hong Kong Stock Exchange, which will not affect its control over the subsidiary [6] - Huafeng Aluminum is acquiring 100% of Shanghai Huafeng Puen Polyurethane Co., Ltd. for 100.06 million yuan, which will enhance its operational efficiency and market competitiveness [7] Focus 6: New Investments - Fuda Co. is establishing a wholly-owned subsidiary with an investment of 30 million yuan to enhance its forging business and related manufacturing capabilities [8] - Jianghai Co. is forming a joint venture to establish an innovation research institute with a registered capital of 50 million yuan, focusing on strategic technology research [9][10] Focus 7: Capital Market Activities - Zhongshan Bank has issued 60 billion yuan of subordinated debt with a fixed interest rate of 2.16% for a term of 10 years [17] - China Iron and Steel Group plans to increase its stake in China Iron and Steel Co. by investing between 65 million and 130 million yuan over the next six months [18]

Core Viewpoint - The announcement reveals that the controlling shareholder, Zhongman Holdings, has pledged 2,100,000 shares of Zhongman Petroleum, increasing the total pledged shares to 50,454,300, which represents 57.40% of Zhongman Holdings' total shares and 10.91% of the company's total equity [1] Group 1 - Zhongman Holdings notified that it completed the pledge registration for 2,100,000 unrestricted circulating shares on November 25, 2025 [1] - After this pledge, the total number of pledged shares by Zhongman Holdings amounts to 50,454,300 [1] - The pledged shares account for 57.40% of Zhongman Holdings' total shareholding and 10.91% of Zhongman Petroleum's total share capital [1]

（文章来源：证券日报） 证券日报网讯 11月26日晚间，中曼石油发布公告称，公司于2025年11月26日接到控股股东上海中曼投 资控股有限公司的通知，获悉其将所持有公司2，100，000股无限售流通股于2025年11月25日办理了质 押登记手续。 ...

证券代码：603619 证券简称：中曼石油 公告编号：2025-071 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 87,900,528 股，占公司总股本的 19.01%。本次质押完成后，中曼控股累计质押股份 50,454,300 股，占其所持公司股份总数的 57.40%，占公司总股本的 10.91%。 公司于 2025 年 11 月 26 日接到控股股东中曼控股的通知，获悉其将所持 有公司 2,100,000 股无限售流通股于 2025 年 11 月 25 日办理了质押登记手续。具 体情况如下： 途。 3.股东累计质押股份情况 截止本公告披露日，中曼控股累计质押股份情况如下： | | | | | | | | | 已质押股份情况 | | 未质押股份情况 | | --- | --- | --- | --- | --- | ...

Investment Strategy - The oil and gas capital expenditure trend is declining, leading to a slowdown in supply growth. Since the signing of the Paris Agreement in 2015, global capital expenditure in the oil and gas upstream sector has significantly decreased, with a notable drop of nearly 22% from the 2014 peak to $351 billion in 2021. This trend is expected to continue as major energy companies face pressure to decarbonize and shift focus towards energy transition and renewable projects [9][25][27] - The current active drilling rig count in the US remains low, with new well costs closely aligned with current oil prices, limiting profit margins. The growth rate of US oil production is anticipated to slow down, with evidence emerging from the first half of 2025 [9][25][27] Oil Market - Brent crude oil spot price is currently at $63.54 per barrel, reflecting a week-on-week increase of 0.63%, while WTI crude oil is at $59.43 per barrel, down 0.43% [10][28] - The geopolitical situation, particularly the easing of tensions in the Russia-Ukraine conflict, is contributing to a volatile oil price environment. The expectation of a breakthrough in diplomatic negotiations has led to fluctuations in oil prices [10][28] Coal Market - The average market price for Qinhuangdao port thermal coal (Q5500) is reported at 820 RMB per ton, with a week-on-week increase of 0.35%. However, the market is experiencing a stalemate as downstream demand remains cautious towards high prices [11][12] - The total inventory at nine ports in the Bohai Rim is reported at 23.93 million tons, up 6.74% week-on-week, while southern ports report a decrease of 1.48% to 603.8 million tons [11][12] Coking Coal Market - Coking coal prices are experiencing a high-level consolidation, with the price of coking coal at the Jingtang port reported at 1,780 RMB per ton, down 4.30% week-on-week. The price of coking coal is less regulated compared to thermal coal, allowing producers to benefit from price increases [13][14] - The average daily iron output from 247 steel mills is reported at 2.3621 million tons, reflecting a slight decrease of 0.30% week-on-week, indicating a weak demand environment for steel products [13][14] Natural Gas Market - Russian LNG is entering the Chinese market at prices 20-30% lower than market rates, despite US pressure on Japan and Europe to halt imports of Russian LNG. This influx is contributing to a stable supply environment [14][15] - The average price of natural gas in the US is reported at $4.44 per million British thermal units, down 1.4% week-on-week, while European gas prices are on the rise [14][15] Oilfield Services - The oilfield services sector is expected to maintain its growth due to government policies aimed at ensuring energy security. The capital expenditure of major oil companies is projected to remain high, supporting the oilfield services industry's outlook [16][17] - The global active rig count is reported at 1,800, with a slight decrease in the Middle East and Asia-Pacific regions, while the US shows a week-on-week increase of 5 rigs [16][17]

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - International oil prices have declined due to geopolitical factors, with Brent and WTI prices at $62.56 and $58.06 per barrel respectively as of November 21, 2025 [9][22] - The oil and petrochemical sector has seen a decrease of 2.99% in the past week, while the broader market (CSI 300) fell by 3.77% [10][12] - The report highlights a potential restart of peace talks between the US and Russia regarding the Ukraine conflict, which may impact oil prices [9] Summary by Sections Oil Price Review - Brent crude futures settled at $62.56 per barrel, down $1.83 (-2.84%) from the previous week, while WTI crude futures fell to $58.06, down $2.03 (-3.38%) [22] - The report notes that geopolitical tensions, including US sanctions on Russian oil, have influenced market dynamics [9] Offshore Drilling Services - As of November 17, 2025, the number of global offshore self-elevating drilling rigs was 365, a decrease of 5 from the previous week [25] Oil Supply - US crude oil production was reported at 13.834 million barrels per day as of November 14, 2025, a decrease of 28,000 barrels from the previous week [36] - The number of active drilling rigs in the US increased by 2 to 419 as of November 21, 2025 [36] Oil Demand - US refinery crude processing increased to 16.232 million barrels per day as of November 14, 2025, up by 259,000 barrels from the previous week [46] Oil Inventory - As of November 14, 2025, total US crude oil inventory was 835 million barrels, a decrease of 2.893 million barrels (-0.35%) [56] - Strategic oil inventory increased by 533,000 barrels (+0.13%) to 411 million barrels [56] Refined Oil Prices - In North America, average prices for diesel, gasoline, and jet fuel were $107.63, $81.99, and $98.74 per barrel respectively as of November 21, 2025 [78]

证券之星消息，11月19日油服工程板块较上一交易日上涨0.94%，中曼石油领涨。当日上证指数报收于 3946.74，上涨0.18%。深证成指报收于13080.09，下跌0.0%。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) | | --- | --- | --- | --- | --- | --- | | 002629 | 仁智股份 | 9.41 | -2.39% | 13.33万 | 1.26亿 | | 002554 | 惠博音 | 3.76 | -1.57% | 48.41万 | + 1.82亿 | | 002828 | 贝肯能源 | 12.00 | -0.33% | 22.79万 | 2.76亿 | | 002207 | 准油股份 | 8.88 | 0.23% | 35.41万 | 3.15亿 | | 300191 | 潜能恒信 | 20.76 | 0.24% | 9.24万 | 1.92亿 | | 600339 | 中油工程 | 3.60 | 0.28% | 38.07万 | 1.37亿 | | 600583 | 脚丁思與 | 5.70 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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87,900,528股，占公司总股本的19.01%。本次解除质押及再质押完成 后，中曼控股累计质押股份48,354,300股，占其所持有公司股份总数的55.01%，占公司总股本的 10.46%。 公司于2025年11月17日接到控股股东中曼控股的通知，获悉其将质押给浙商银行股份有限公司上海分行 的10,404,300股无限售流通股办理了解除质押，并将10,400,000股无限售流通股办理了再质押手续，具体 情况如下： 一、上市公司股份解除质押的基本情况 1.本次股份被解除质押情况 ■ 2、本次解除质押的股份部分用于后续质押，具体情况见"二、上市公司股份质押情况"。 2.股东累计质押股份情况 截止本公告披露日，中曼控股累计质押股份情况如下： ■ 三、控股股东股份质押情况 1.中曼控股所质押股 ...