8月1日，沪深两融数据显示，中曼石油获融资买入额0.18亿元，居两市第793位，当日融资偿还额0.43亿 元，净卖出2455.59万元。 最近三个交易日，30日-1日，中曼石油分别获融资买入0.55亿元、0.65亿元、0.18亿元。 融券方面，当日融券卖出0.00万股，净卖出0.00万股。 来源：金融界 ...

Group 1 - The core viewpoint of the articles highlights the financial performance and market position of Zhongman Petroleum, indicating a decline in stock price and a relatively low PE ratio compared to industry averages [1][2] - As of August 1, Zhongman Petroleum's stock closed at 19.22 yuan, down 1.59%, with a rolling PE ratio of 11.35 times and a total market capitalization of 8.886 billion yuan [1] - The average PE ratio for the exploration and extraction industry is 29.50 times, with a median of 39.22 times, placing Zhongman Petroleum in 9th position within the industry [1][2] Group 2 - As of March 31, 2025, Zhongman Petroleum had 33,508 shareholders, an increase of 8,199 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares [1] - The main business activities of Zhongman Petroleum include exploration and development, oil service engineering, and oil equipment manufacturing, with key products being equipment manufacturing, leasing, drilling engineering services, and oil sales [1] - In the latest quarterly report for Q1 2025, Zhongman Petroleum reported revenue of 943 million yuan, a year-on-year increase of 16.90%, and a net profit of 230 million yuan, up 32.95%, with a gross profit margin of 45.97% [1]

Market Overview - The oil service engineering sector experienced a decline of 2.09% on July 31, with Tongyuan Petroleum leading the drop [1] - The Shanghai Composite Index closed at 3573.21, down 1.18%, while the Shenzhen Component Index closed at 11009.77, down 1.73% [1] Individual Stock Performance - Notable declines in individual stocks include: - Beiken Energy (002828) down 3.98% to 10.13 [1] - PetroChina Engineering (600339) down 2.56% to 3.43 [1] - Sinopec Oilfield Service (600871) down 1.96% to 2.00 [1] - The trading volume and turnover for these stocks indicate significant market activity, with Beiken Energy having a turnover of 2.82 billion [1] Capital Flow Analysis - The oil service engineering sector saw a net outflow of 149 million from institutional investors, while retail investors contributed a net inflow of 93.17 million [2] - The capital flow for individual stocks shows: - Haiyou Engineering (600583) with a net inflow of 17.39 million from institutional investors [3] - Zhongyou Engineering (600339) with a net inflow of 15.79 million from institutional investors [3] - Beiken Energy (002828) faced a net outflow of 16.96 million from institutional investors [3]

近5日资金流向一览见下表： | | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净占比 散户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-07-30 | 19.76 1.65% | | 2628.58万 | 5.98% | -1587.08万 | -3.61% | -1041.50万 | -2.37% | | 2025-07-29 | 19.74 0.41% | | -2098.30万 | -9.03% | 1300.85万 | 5.60% | 797.45万 | 3.43% | | 2025-07-28 | 19.66 -1.01% | | -1326.57万 | -6.56% | 2059.75万 | 10.18% | -733.19万 | -3.63% | | 2025-07-25 | 19.86 | 0.56% | -3636.66万 | -8.06% | 2235.68万 | 4.95% | 1400.98万 | 3.10% | | 2025-07-24 | 19 ...

中曼石油最新一期业绩显示，截至2025一季报，公司营业总收入9.43亿元、同比增长16.90%，归属净利 润2.30亿元，同比增长32.95%，扣非净利润2.22亿元，同比增长30.61%，流动比率0.996、速动比率 0.852、资产负债率62.91%。 金融界消息 截至2025年7月29日收盘，中曼石油（603619）报收于19.74元，上涨0.41%，换手率 2.55%，成交量11.81万手，成交金额2.32亿元。 资金流向方面，今日主力资金净流出2098.30万元，占比成交额9.03%。其中，超大单净流出642.51万 元、占成交额2.76%，大单净流出1455.79万元、占成交额6.26%，中单净流出流入1300.85万元、占成交 额5.6%，小单净流入797.45万元、占成交额3.43%。 天眼查商业履历信息显示，中曼石油天然气集团股份有限公司，成立于2003年，位于上海市，是一家以 从事石油和天然气开采业为主的企业。企业注册资本46233.8461万人民币，实缴资本22500万人民币。 公司法定代表人为李春第。 通过天眼查大数据分析，中曼石油天然气集团股份有限公司共对外投资了10家企业，参与招投 ...

Core Viewpoint - Zhongman Petroleum has signed a significant exploration and development contract for the Zerafa II natural gas block in Algeria, which is expected to positively impact the company's future performance [2][4]. Group 1: Company Performance - As of July 25, 2025, Zhongman Petroleum's stock closed at 19.86 yuan, reflecting a 2.53% increase from the previous week's 19.37 yuan [1]. - The company's total market capitalization is 9.182 billion yuan, ranking 6th out of 13 in the oil service engineering sector and 1867th out of 5148 in the A-share market [1]. Group 2: Contract Details - On July 21, 2025, Zhongman Petroleum signed a 30-year exploration and development contract for the Zerafa II natural gas block with the Algerian National Oil Company, with a potential 10-year extension [2]. - The Zerafa II block covers an area of 38,697.73 square kilometers, with geological reserves and resources estimated at 140 billion cubic meters, while the company's preliminary assessment predicts 109.257 billion cubic meters [2]. Group 3: Dividend Distribution - Zhongman Petroleum announced a cash dividend of 0.30 yuan per share, with the A-share registration date set for July 29, 2025, and the dividend payment date on July 30, 2025 [3][4]. - The total cash dividend distribution amounts to 137,503,248.30 yuan based on 458,344,161 shares [3].

Investment Rating - The report recommends a positive investment outlook for several companies in the oil and gas sector, highlighting their strong earnings certainty and high dividend characteristics [4][12]. Core Insights - Oil prices are expected to remain volatile in the short term, with OPEC+ likely to maintain its current production increase plans, leading to a potential increase of 548,000 barrels per day in September [1][9]. - The report emphasizes the impact of ongoing trade disputes, particularly between the EU and the US, which could affect market dynamics and economic outlook [1][9]. - The US oil production has decreased, while refinery processing rates have increased, indicating a shift in the supply-demand balance [10][11]. Summary by Sections Industry Overview - The OPEC+ Joint Ministerial Monitoring Committee (JMMC) is scheduled to meet on July 28, with a separate meeting for eight member countries regarding voluntary production cuts on August 3 [1][9]. - Current market expectations suggest no adjustments to the existing production increase plans, with a full lifting of previous cuts anticipated [1][9]. Market Performance - As of July 25, the Brent crude oil futures price was $68.44 per barrel, down 1.21% week-on-week, while WTI futures settled at $65.16 per barrel, down 3.24% [10][37]. - The report notes a decrease in US crude oil production to 13.27 million barrels per day, a reduction of 100,000 barrels from the previous week [10][11]. Company Performance - The report provides earnings forecasts and valuations for key companies, including: - China National Petroleum Corporation (PetroChina) with a recommended rating and an estimated EPS of 0.90 yuan for 2024 [5]. - China National Offshore Oil Corporation (CNOOC) also recommended, with an estimated EPS of 2.90 yuan for 2024 [5]. - Sinopec (China Petroleum & Chemical Corporation) is highlighted for its high dividend yield and integrated operations [5][12]. Investment Recommendations - The report suggests focusing on companies with strong resource advantages and robust risk management capabilities, such as PetroChina, CNOOC, and Sinopec [4][12]. - It also recommends monitoring companies in growth phases, like Zhongman Petroleum and New Natural Gas, which are encouraged by domestic policies to increase oil and gas reserves [4][12].

Core Viewpoint - Zhongman Petroleum's stock closed at 19.75 yuan, up 1.65%, with a rolling PE ratio of 11.67, marking a 15-day low, and a total market capitalization of 9.131 billion yuan [1] Company Summary - Zhongman Petroleum's main business includes exploration and development, oil service engineering, and petroleum equipment manufacturing. Key products consist of equipment manufacturing, leasing and sales, drilling engineering services, and the sale of oil and its derivatives [1] - As of March 31, 2025, Zhongman Petroleum had 33,508 shareholders, an increase of 8,199 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] - The latest quarterly report for Q1 2025 shows the company achieved operating revenue of 943 million yuan, a year-on-year increase of 16.90%, and a net profit of 230 million yuan, up 32.95%, with a gross profit margin of 45.97% [1] Industry Summary - The average PE ratio for the extraction industry is 30.26, with a median of 39.54, placing Zhongman Petroleum in 9th position within the industry [2] - The PE ratio (TTM) for Zhongman Petroleum is 11.67, while the industry average is 30.26, indicating a significant undervaluation compared to peers [2]

Distribution Plan - The profit distribution plan was approved at the company's 2024 annual general meeting held on June 5, 2025 [1] - The distribution is based on a total share capital of 462,338,461 shares, with 3,994,300 shares held in the company's repurchase account excluded, resulting in a base of 458,344,161 shares for distribution [2] - Each shareholder will receive a cash dividend of 0.30 yuan per share (including tax), totaling 137,503,248.30 yuan (including tax) [2] Dividend Calculation - The ex-dividend reference price is calculated as (previous closing price - 0.2974) [3] - The company will only distribute cash dividends and will not implement any other forms of distribution, such as capital reserve transfers [2][3] Implementation Method - Cash dividends for shareholders, except Shanghai Zhongman Investment Holding Co., Ltd., will be distributed through the China Securities Depository and Clearing Corporation Limited Shanghai Branch [3] - The company’s repurchase account shares will not participate in this profit distribution [3] Taxation Information - For individual shareholders and securities investment funds, dividends are subject to different tax treatments based on the holding period [4] - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of 0.27 yuan per share [5] - For Hong Kong investors through the Stock Connect, a 10% withholding tax applies, also resulting in a net cash dividend of 0.27 yuan per share [5] Contact Information - For inquiries regarding the implementation of this profit distribution, shareholders can contact the company's securities affairs department at 021-61048060 [6]

Core Viewpoint - The legal opinion letter addresses the differentiated equity distribution and special ex-rights and ex-dividend treatment for Zhongman Petroleum and Natural Gas Group Co., Ltd. for the year 2024, ensuring compliance with relevant Chinese laws and regulations [1][4][8]. Group 1: Background of Share Buybacks - In June 2022, Zhongman Petroleum approved a share buyback plan, allowing the repurchase of 5 to 8 million shares at a maximum price of RMB 23.00 per share [4][5]. - By October 26, 2022, the company had repurchased 5,457,900 shares at prices ranging from RMB 21.12 to RMB 22.86, totaling approximately RMB 119.99 million [5]. - In October 2023, a new buyback plan was approved, allowing the repurchase of 1.5 to 3 million shares at a maximum price of RMB 30.95 per share [6]. Group 2: Differentiated Equity Distribution Plan - The differentiated equity distribution plan is necessitated by the discrepancy between the total share capital and the actual shares participating in the distribution due to the buyback [8]. - The proposed cash dividend for 2024 is RMB 3.00 per 10 shares, with adjustments based on the number of shares held in the buyback account [8][9]. - As of July 3, 2025, the total share capital is 462,338,461 shares, with 3,994,300 shares in the buyback account, resulting in 458,344,161 shares eligible for distribution [9]. Group 3: Calculation of Ex-rights and Ex-dividend Reference Price - The ex-rights and ex-dividend reference price is calculated as (previous closing price - cash dividend) / (1 + change in circulating shares ratio), with the previous closing price being RMB 19.85 [9][10]. - The calculated reference price impact from the differentiated distribution is minimal, approximately 0.0133% [10]. - The legal opinion concludes that the differentiated equity distribution complies with relevant laws and does not harm the interests of the company or its shareholders [10].