Market Performance - The gas sector increased by 0.19% on September 1, with Baichuan Energy leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Individual Stock Performance - Baichuan Energy (600681) closed at 3.87, up 4.31% with a trading volume of 336,600 shares and a turnover of 129 million yuan [1] - Jiufeng Energy (605090) closed at 29.66, up 3.09% with a trading volume of 130,000 shares and a turnover of 2.68 million yuan [1] - Shengtong Energy (001331) closed at 12.04, up 2.38% with a trading volume of 56,200 shares and a turnover of 67.25 million yuan [1] - Other notable performers include Telesis (834014) up 2.34%, Victory Co. (000407) up 1.93%, and Kaitian Gas (831010) up 1.81% [1] Fund Flow Analysis - The gas sector experienced a net outflow of 21.30 million yuan from institutional investors, while retail investors saw a net inflow of 0.36 million yuan [2] - Jiufeng Energy had a significant net inflow of 61.44 million yuan from institutional investors, despite a net outflow from retail investors [3] - Longchun Gas (600333) and Baichuan Energy also saw mixed fund flows, with institutional inflows but retail outflows [3]

Core Viewpoint - The recent financial report of Victory Energy (001331) shows a year-on-year increase in both revenue and net profit, but with mixed performance indicators, indicating potential challenges ahead [1]. Financial Performance - Total revenue for the first half of 2025 reached 3.039 billion yuan, a year-on-year increase of 26.88% [1]. - Net profit attributable to shareholders was 30.3653 million yuan, up 48.47% year-on-year [1]. - In Q2 2025, total revenue was 1.364 billion yuan, reflecting a 13.75% year-on-year increase, while net profit for the quarter was 797,300 yuan, down 28.86% year-on-year [1]. Profitability Metrics - Gross margin decreased to 0.71%, a decline of 38.1% year-on-year [1]. - Net margin improved to 1.0%, an increase of 17.02% year-on-year [1]. - Total selling, administrative, and financial expenses amounted to 8.538 million yuan, representing 0.28% of revenue, a significant increase of 354.88% year-on-year [1]. Shareholder Metrics - Earnings per share (EPS) increased to 0.11 yuan, a rise of 48.41% year-on-year [1]. - Book value per share decreased to 5.32 yuan, down 41.28% year-on-year [1]. - Operating cash flow per share was 0.81 yuan, a substantial increase of 1071.68% year-on-year [1]. Debt and Cash Flow - The company reported a decrease in cash assets, with monetary funds at 1.043 billion yuan, down 14.36% year-on-year [1]. - Accounts receivable increased to 45.0365 million yuan, a rise of 26.16% year-on-year [1]. - Interest-bearing debt decreased significantly to 40.7216 million yuan, down 59.60% year-on-year [1]. Historical Performance - The company's historical return on invested capital (ROIC) has been relatively low, with a median of 13.4% since its listing, and a particularly poor ROIC of -4.64% in 2023 [3]. - The company has experienced two years of losses since its listing, indicating a fragile business model [3].

Core Viewpoint - The recent financial report of Victory Energy (001331) shows a year-on-year increase in both revenue and net profit, although some key metrics indicate potential concerns regarding profitability and cash flow [1]. Financial Performance - Total revenue for the first half of 2025 reached 3.039 billion yuan, a year-on-year increase of 26.88% [1]. - Net profit attributable to shareholders was 30.3653 million yuan, up 48.47% year-on-year [1]. - In Q2 2025, total revenue was 1.364 billion yuan, reflecting a 13.75% increase year-on-year, while net profit decreased by 28.86% to 797,300 yuan [1]. Profitability Metrics - Gross margin was reported at 0.71%, a decrease of 38.1% year-on-year [1]. - Net margin improved to 1.0%, an increase of 17.02% year-on-year [1]. - Total selling, administrative, and financial expenses amounted to 8.538 million yuan, representing 0.28% of revenue, a significant increase of 354.88% year-on-year [1]. Cash Flow and Assets - Operating cash flow per share was 0.81 yuan, a substantial increase of 1071.68% year-on-year [1]. - Cash and cash equivalents decreased to 1.043 billion yuan, down 14.36% year-on-year [1]. - Accounts receivable increased to 45.0365 million yuan, a rise of 26.16% year-on-year [1]. Debt and Financial Health - Interest-bearing debt decreased significantly to 40.7216 million yuan, down 59.60% year-on-year [1]. - The company has a historical median Return on Invested Capital (ROIC) of 13.4%, although the worst year recorded a ROIC of -4.64% [3]. - The company has experienced two years of losses since its listing, indicating a fragile business model [3].

Group 1 - The core point of the article is that Shengtong Energy (SZ 001331) held its third fourth board meeting on August 25, 2025, to discuss the revision of the "Board Secretary Work Guidelines" and other documents [1] - For the first half of 2025, Shengtong Energy's revenue composition shows that LNG sales accounted for 99.05%, transportation services for 0.63%, refined oil for 0.27%, and other businesses for 0.05% [1]

Core Points - The company has not distributed cash dividends or bonus shares during the reporting period [3] - The company held its third board meeting on August 25, 2025, with all directors present [6] - The company plans to hold its second extraordinary general meeting of 2025 on September 12, 2025 [53] Financial Data - The company raised a total of RMB 803.4 million from its initial public offering, with a net amount of RMB 698.35 million after deducting underwriting fees and other expenses [31] - As of June 30, 2025, the company has used RMB 241.88 million of the raised funds, leaving a balance of RMB 456.47 million [32] - The company temporarily used RMB 300 million of idle raised funds to supplement working capital [37] Corporate Governance - The company has revised its articles of association to reflect changes in its business scope, which now includes gas operations and electric vehicle charging infrastructure [47][48] - The company has made several amendments to its internal management systems, including information disclosure and risk management [14][22][23] Shareholder Information - The company has confirmed that there have been no changes in its controlling shareholders during the reporting period [5] - The company will conduct a vote on the proposed changes to its articles of association at the upcoming extraordinary general meeting [49] Regulatory Compliance - The company has ensured that all disclosures are accurate and complete, with no misleading statements or omissions [30][78] - The company has appointed a new sponsor representative to ensure compliance with ongoing regulatory requirements [78]

证券代码：001331 证券简称：胜通能源 公告编号：2025-038 胜通能源股份有限公司 2022 年 9 月，公司与国元证券股份有限公司分别和中国光大银行股份有限 公司烟台龙口支行、兴业银行股份有限公司烟台龙口支行、招商银行股份有限公 司烟台分行、浙商银行股份有限公司合肥分行签署《募集资金三方监管协议》， 本公司、本公司全资子公司龙口市胜通物流有限公司与国元证券股份有限公司和 广发银行股份有限公司烟台分行、上海浦东发展银行股份有限公司烟台龙口支行 签署《募集资金四方监管协议》，并开设募集资金专项账户。前述监管协议与深 圳证券交易所三方监管协议范本不存在重大差异，监管协议的履行不存在问题。 2025 年半年度募集资金存放与使用情况的专项报告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、募集资金基本情况 （一）募集资金金额及资金到位时间 经中国证券监督管理委员会《关于核准胜通能源股份有限公司首次公开发行 股票的批复》（证监许可[2022]1333 号）核准，并经深圳证券交易所同意，胜 通能源股份有限公司（以下简称"公司"或"本公司"）获准向社会公开发 ...

证券代码：001331 证券简称：胜通能源 公告编号：2025-041 胜通能源股份有限公司 关于变更保荐代表人的公告 公司董事会对章郑伟先生在公司首次公开发行股票及持续督导工作期间所 做出的贡献表示衷心感谢。 特此公告。 胜通能源股份有限公司 董事会 2025 年 8 月 27 日 附件：丁维立先生简历 丁维立先生：保荐代表人，国元证券投资银行总部资深经理，具有多年投资 银行工作经验，担任了胜通能源股份有限公司首次公开发行股票项目协办人，主 要参与了芜湖富春染织股份有限公司、合肥科威尔电源系统股份有限公司首次公 开发行股票项目；芜湖富春染织股份有限公司 2022 年公开发行可转换债券项目、 海螺（安徽）节能环保科技新材料股份有限公司 2023 年再融资项目；芜湖雅葆 轩电子股份有限公司、安徽省小小科技股份有限公司北交所项目，并参与多家拟 IPO 公司的辅导改制及财务顾问工作。丁维立先生在保荐业务执业过程中严格遵 守《证券发行上市保荐业务管理办法》等有关规定，执业记录良好。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 胜通能源股份有限公司（以下简称"公司" ...

证券代码：001331 证券简称：胜通能源 公告编号：2025-039 许可项目：燃气经营；燃气汽车加气经营；移动式压力容器/气瓶充装；危 险化学品经营。（依法须经批准的项目，经相关部门批准后方可开展经营活动， 具体经营项目以相关部门批准文件或许可证件为准）；一般项目：货物进出口； 技术服务、技术开发、技术咨询、技术交流、技术转让；特种设备出租；集中式 快速充电站；电动汽车充电基础设施运营。（除依法须经批准的项目外，凭营业 执照依法自主开展经营活动）。 二、《公司章程》修订情况 根据上述经营范围的变更，拟对公司 2025 年第一次临时股东大会审议通过 的《公司章程》部分条款进行修订，形成新的《公司章程》。具体对照如下： 胜通能源股份有限公司 关于变更经营范围及修订《公司章程》的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 胜通能源股份有限公司（以下简称"公司"）于 2025 年 8 月 25 日召开第三 届董事会第四次会议，审议通过了《关于变更经营范围及修订<公司章程>的议案》， 该议案尚需提交公司股东会审议。现将具体情况公告如下： 一、经营范围变更情 ...

在谷产负债 2025年6113011 | 编制单位:胜通能源数学系公司 | | | | 112 31 - | 日中:人民日 | | --- | --- | --- | --- | --- | --- | | | | 期初致 | 项 팀 | 期末数 | 期初数 | | 流动资产 | | | 流动负债: | | | | 货币贷金 | 1.043 872,582.38 | 984,719,818.36 | 819117 4 | 39,752,000.00 | 162,086,347,81 | | 6813 交易性金融资产 | 184.595.095.50 | 140,459,840.14 | 交易性金融负债 | | | | 衍生金融资产 | 37,532,969.32 | | 街生金融负债 | 29,220,188,24 | 25,634.193.82 | | 应收费加 | 14,644,146.44 | 4,935,892.62 | 应付监期 | 40,000,000.00 | 51,000,000,00 | | 应收账款 | 45,036,505.20 | 75,698,011.92 | 应付账款 | 6,08 ...

胜通能源股份有限公司 2025 年半年度财务报告 胜通能源股份有限公司 2025 年半年度财务报告 （未经审计） 2025 年 8 月 1 胜通能源股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：胜通能源股份有限公司 胜通能源股份有限公司 2025 年半年度财务报告 | 一年内到期的非流动负债 | 969,614.13 | 960,373.36 | | --- | --- | --- | | 其他流动负债 | 19,293,047.73 | 2,243,900.41 | | 流动负债合计 | 176,315,792.09 | 300,497,387.53 | | 非流动负债： | | | | 保险合同准备金 | | | | 长期借款 | | | | 应付债券 | | | | 其中：优先股 | | | | 永续债 | | | | 租赁负债 | 636,695.33 | 1,150,155.50 | | 长期应付款 | | | | 长期应付职工薪酬 | | | | 预计负 ...