河南蓝天燃气股份有限公司 选聘会计师事务所管理办法 第一章 总 则 第一条 为规范河南蓝天燃气股份有限公司（以下简称"公司"） 选聘（含新聘、续聘、改聘）会计师事务所的行为，提高审计工作和 财务信息质量，切实维护股东利益，根据《证券法》《公司法》《国有 企业、上市公司选聘会计师事务所管理办法》《上海证券交易所股票 上市规则》及《公司章程》的有关规定，结合公司实际情况，制定本 办法。 第二条 本办法所称选聘会计师事务所，是指根据有关法律法规 要求，聘任会计师事务所对纳入公司合并范围的年度财务会计报告、 年度内部控制进行审计，发表审计意见、出具审计报告的行为。公司 聘任会计师事务所开展其他审计业务的，可以比照本办法执行。 第三条 公司聘任或解聘会计师事务所，应当经董事会审计委员 会（以下简称"审计委员会"）全体成员过半数审议同意后，提交董 事会审议，并由股东会决定。公司不得在董事会、股东会审议批准前 聘任或解聘会计师事务所。 第四条 公司控股股东、实际控制人不得向公司指定会计师事务 所，不得干预公司审计委员会、董事会及股东会独立履行审核职责。 第二章 会计师事务所执业质量要求 第五条 公司选聘的会计师事务所应当具 ...

河南蓝天燃气股份有限公司 投资者关系管理制度 第一章 总 则 第一条 为规范河南蓝天燃气股份有限公司（以下简称"公司"） 投资者关系管理工作，加强公司与投资者之间的有效沟通，促进公司 完善治理，切实保护投资者特别是中小投资者合法权益，根据《中华 人民共和国公司法》《中华人民共和国证券法》《上市公司治理准则》 《上市公司投资者关系管理工作指引》等有关法律、行政法规、规范 性文件及《河南蓝天燃气股份有限公司章程》（以下简称"《公司章 程》"）等，结合公司实际情况，制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息 披露、互动交流和诉求处理等工作，加强与投资者及潜在投资者之间 的沟通，增进投资者对公司的了解和认同，以提升公司治理水平和企 业整体价值，实现尊重投资者、回报投资者、保护投资者目的的相关 活动。 第三条 公司投资者关系管理的基本原则是： （一）合规性原则。公司投资者关系管理应当在依法履行信息披 露义务的基础上开展，符合法律、法规、规章及规范性文件、行业规 范和自律规则、公司内部规章制度，以及行业普遍遵守的道德规范和 行为准则。 1 （二）平等性原则。公司开展投资者关系管理活动，应当平等 ...

第四条 公司为控股股东、实际控制人及其关联方提供担保的，控股股东、 实际控制人及其关联方应当提供反担保。 第五条 公司全体董事应当审慎对待和严格控制对外担保产生的债务风险， 并对违规或失当的对外担保产生的损失依法承担连带责任。控股股东及其他关联 方不得强制公司为他人提供担保。 第六条 本制度适用于本公司及公司控股子公司。公司控股子公司发生的对 外担保，视同公司行为，按照本制度执行。公司控股子公司应在其董事会或股东 会做出决议后，及时通知公司按规定履行信息披露义务。 1 河南蓝天燃气股份有限公司 对外担保管理制度 第一章 总则 第一条 为规范河南蓝天燃气股份有限公司（以下简称"公司"）对外担保行 为，控制对外担保风险，维护公司财产安全和投资者的合法权益，根据《中华人 民共和国民法典》《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司监管指引第 8 号——上市公司资金往来、对外担保的监管要求》《上海证券交 易所股票上市规则》及《河南蓝天燃气股份有限公司章程》（以下简称"《公司章 程》"）等规定，制定本制度。 第二条 本制度所称对外担保是指公司为他人提供的担保，包括公司对控股 子公司的担保。所称"公司及其 ...

蓝天燃气公告，2025年上半年营业收入22.54亿元，同比下降13.98%。净利润2.05亿元，同比下降 40.08%。公司拟以2025年半年度权益分派实施时的股权登记日登记的总股本为基数，向全体股东每10 股派发现金红利4元（含税）。 ...

Group 1 - The core point of the news is the performance of the convertible bond of Blue Sky Gas, which saw a 2.0% decline in price to 137.002 yuan per share, with a trading volume of 60.91 million yuan and a conversion premium rate of 13.36% [1] - The convertible bond has a credit rating of "AA" and a maturity of 6 years, with interest rates increasing from 0.30% in the first year to 2.00% in the sixth year [1] - The conversion price for the bond is set at 8.38 yuan, with the conversion period starting on February 21, 2024 [1] Group 2 - Henan Blue Sky Gas Co., Ltd. was established in 2002 and is a major gas enterprise in Henan Province, primarily engaged in natural gas transmission and sales [2] - The company operates significant projects including the national West-to-East gas transmission lines, with a total pipeline length exceeding 700 kilometers [2] - For the first quarter of 2025, Blue Sky Gas reported a revenue of 1.3961 billion yuan, a year-on-year decrease of 11.73%, and a net profit of 132 million yuan, down 34.86% year-on-year [2] - As of August 2025, the company has a relatively dispersed shareholder base with 27,910 shareholders and an average holding of 25.91 million yuan per person [2]

Investment Rating - The report maintains an "Accumulate" rating for the gas industry [1] Core Viewpoints - The report highlights a cooling trend in temperatures leading to a decrease in US gas prices, while European storage efforts are pushing prices up. Domestic gas prices are also experiencing a decline due to slow demand recovery [5][10] - The supply-demand analysis indicates a slight increase in total gas supply in the US, while demand has decreased slightly. European gas prices have risen due to storage efforts, and domestic gas prices have also fallen [15][16] - The report emphasizes the ongoing progress in price adjustments across various cities, which is expected to enhance profitability for city gas companies and support valuation recovery [35] Summary by Sections Price Tracking - As of August 22, 2025, US HH gas prices decreased by 3.1%, while European TTF prices increased by 7.6%. Domestic LNG prices fell by 1.7% [10][12] Supply and Demand Analysis - US total gas supply increased by 0.4% week-on-week to 1,126 billion cubic feet per day, while total demand decreased by 1.2% to 1,061 billion cubic feet per day. European gas consumption for the first five months of 2025 was 2,180 billion cubic meters, up 6.6% year-on-year [15][16] Price Adjustment Progress - Nationwide, 64% of cities have implemented residential price adjustments, with an average increase of 0.21 yuan per cubic meter. The report suggests that there is still a 10% room for price gap recovery [35] Important Announcements - The report notes significant mid-year performance announcements from various gas companies, indicating mixed results in revenue and profit growth [41] Important Events - The report mentions a reduction in the US LNG import tariff from 140% to 25%, enhancing the economic viability of US gas imports [42][44] - It also discusses the EU's agreement to provide greater flexibility in natural gas storage targets, allowing for a 10% deviation from the 90% storage goal [49] Investment Recommendations - The report suggests focusing on companies that can optimize costs and benefit from the ongoing price mechanism adjustments, particularly those with strong long-term contracts and flexible operations [5][35]

Core Viewpoint - The news highlights the recent stock trading activities of Zhao Xin, a senior executive at Blue Sky Gas, indicating a reduction in his shareholding and providing insights into the company's financial performance and revenue composition [1][2]. Group 1: Executive Trading Activities - On August 14, Zhao Xin sold 320,000 shares at an average price of 10.17 yuan, resulting in a total transaction value of 3.2544 million yuan, leaving him with 1.0809 million shares [1][3]. - Zhao Xin has a background in finance, having served as the financial director of Henan Province Yunan Gas Pipeline Co., and holds various positions in other companies [1]. Group 2: Company Financial Performance - As of December 31, 2024, Blue Sky Gas reported a total revenue of 21.62 billion yuan from pipeline natural gas sales, accounting for 45.46% of total revenue, while city gas sales contributed 18.84 billion yuan or 39.62% [2]. - Other revenue streams include gas installation engineering at 5.65 billion yuan (11.88%), with minor contributions from other sources [2]. Group 3: Market Capitalization - The total market capitalization of Blue Sky Gas is reported to be 7.239 billion yuan [4].

Investment Rating - The report maintains an "Overweight" rating for the gas industry [1] Core Viewpoints - The report anticipates a rise in US gas prices due to warmer temperatures in August, while domestic gas prices are expected to decline amid slow demand recovery and intensified competition between sea and land sources [5][10] - The report highlights the ongoing adjustments in pricing mechanisms and the potential for cost reductions in downstream gas companies, which may lead to improved profitability and valuation recovery [37][50] Price Tracking - As of August 8, 2025, US HH gas prices increased by 1.5% week-on-week, while European TTF prices decreased by 2.7%, and domestic LNG prices fell by 3.8% [5][10] - The average total supply of natural gas in the US decreased by 1.1% week-on-week to 1,119 billion cubic feet per day, while total demand fell by 6.5% to 1,025 billion cubic feet per day [14][27] Supply and Demand Analysis - The report notes that China's apparent natural gas consumption decreased by 0.2% year-on-year to 2,103 billion cubic feet in the first half of 2025, attributed to warmer winter conditions in 2024 affecting heating demand [27][28] - Domestic LNG import prices averaged 3,819 yuan per ton in June 2025, reflecting a 3.3% increase month-on-month but an 8% decrease year-on-year [27][31] Pricing Mechanism Progress - The report indicates that 64% of cities have implemented residential pricing adjustments, with an average increase of 0.21 yuan per cubic meter [37] - The new pricing mechanism for provincial natural gas pipeline transportation aims to reduce costs and enhance efficiency, with a permitted return rate lower than current provincial levels [50][51] Investment Recommendations - The report recommends focusing on companies that can benefit from cost reductions and pricing adjustments, such as Xin'ao Energy, China Resources Gas, and Kunlun Energy, among others [53] - It also suggests monitoring companies with quality long-term contracts and flexible scheduling capabilities, such as Jiufeng Energy and Xin'ao Shares [53]

Core Points - Blue Sky Gas (605368) closed at 10.12 yuan on August 8, 2025, up 1.4% from last week's 9.98 yuan [1] - The company's current market capitalization is 7.232 billion yuan, ranking 11th out of 29 in the gas sector and 2358th out of 5151 in the A-share market [1] Company Announcements - Blue Sky Gas will pay the second-year interest on its convertible bonds, "Blue Sky Convertible Bonds," on August 15, 2025, with an interest amount of 0.50 yuan (including tax) per bond with a face value of 100 yuan [1] - The interest payment is for the period from August 15, 2024, to August 14, 2025, with a coupon rate of 0.50% [1][3] Convertible Bond Details - The bond's registration date for interest payment is August 14, 2025, and the ex-dividend date is August 15, 2025 [3] - The total issuance amount of the convertible bonds is 870 million yuan, with a face value of 100 yuan each [3] - The bonds are listed on the Shanghai Stock Exchange, with a maturity period from August 15, 2023, to August 14, 2029, and a conversion price of 8.38 yuan per share [3]

Core Viewpoint - The announcement details the interest payment schedule for the convertible bonds issued by Henan Lantian Gas Co., Ltd., highlighting key dates and financial terms related to the bonds [2][4][11]. Summary by Sections Convertible Bond Issuance Overview - The convertible bonds were issued on August 15, 2023, with a maturity date of August 14, 2029 [2]. - The bonds have an initial conversion price of 10.13 CNY per share, which will be adjusted based on profit distribution [3][6]. Interest Payment Details - The interest payment for the second year will be 0.50% per annum, equating to 0.50 CNY for each bond with a face value of 100 CNY [10][11]. - The interest payment dates are set as follows: - Record date: August 14, 2025 - Ex-dividend date: August 15, 2025 - Payment date: August 15, 2025 [4][11]. Bond Characteristics - The total issuance amount of the convertible bonds is 870 million CNY (87,000,000 CNY) [5]. - The bonds are listed on the Shanghai Stock Exchange, with the listing date being September 8, 2023 [5]. Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net interest payment of 0.40 CNY after tax for each bond [13]. - Foreign institutional investors are exempt from corporate income tax on interest income until December 31, 2025 [14]. Contact Information - The issuer is Henan Lantian Gas Co., Ltd., with contact details provided for further inquiries [15][16].