Core Viewpoint - Shaanxi Natural Gas Group is transferring a total of 14,456.98 million shares, which represents a combined 13% of the company's total shares, to two entities, China Communications Capital and Huitong Capital, with the approval of the Shaanxi Provincial Government's State-owned Assets Supervision and Administration Commission [1] Group 1 - Shaanxi Natural Gas Group will transfer 77,845,300 shares to China Communications Capital, accounting for 7% of the total shares [1] - The company will also transfer 66,724,500 shares to Huitong Capital, representing 6% of the total shares [1] - Following the completion of these transactions, Shaanxi Natural Gas Group's ownership will decrease from 64.43% to 51.43% [1]

Core Viewpoint - Shaanxi Natural Gas's major shareholder, Shaanxi Gas Group, is transferring 144,569,808 shares at a price of 7.97 yuan per share, which represents 13% of the company's total shares, leading to a reduction in its ownership from 64.43% to 51.43% [1] Summary by Categories Share Transfer Agreement - The share transfer agreement was signed between Shaanxi Gas Group, China Communications Capital, and Huitong Capital [1] - The transaction price is set at 7.97 yuan per share for the 144,569,808 shares being transferred [1] Ownership Changes - Post-transaction, Shaanxi Gas Group's ownership will decrease to 51.43%, while China Communications Capital and Huitong Capital will hold 7% and 6% respectively [1] Regulatory Approval - The share transfer has received approval from Shaanxi State-owned Assets Supervision and Administration Commission [1] - The transaction is pending review by the Shenzhen Stock Exchange, and the company will continue to disclose updates regarding the transaction [1]

Market Overview - On September 22, the gas sector experienced a slight decline of 0.05%, with Tress leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Dazhong Public Utilities (600635) saw a significant increase of 9.98%, closing at 5.51 [1] - Other notable gainers included Zhutong Gas (605169) with a 3.74% increase, and Xinjiang Torch (603080) with a 1.96% increase [1] - Tress (834014) led the declines with a drop of 4.01%, closing at 13.66 [2] - Jiufeng Energy (605090) and ST Jinj Chicken (000669) also experienced declines of 3.41% and 2.68%, respectively [2] Trading Volume and Capital Flow - The gas sector saw a net inflow of 132 million yuan from institutional investors, while retail investors experienced a net outflow of 87.12 million yuan [2][3] - Dazhong Public Utilities attracted the highest net inflow from institutional investors at 1.49 billion yuan, representing 11.54% of its trading volume [3] - Blue Sky Gas (605368) and Xinjiang Torch (603080) also had notable net inflows of 25.34 million yuan and 12.14 million yuan, respectively [3]

Group 1 - The company stated that its natural gas long-distance pipeline network has a depreciation period of 30 years, which is based on accounting policy rather than actual usable life [1] - Changes in accounting depreciation policy will have a certain impact on the company's operating costs [1]

Group 1 - The company, Shaanxi Natural Gas, indicated that advancements in technology and improvements in process levels have led to enhancements in the physical characteristics of natural gas pipelines [2] - In 2024, the company's depreciation for natural gas pipelines is projected to be approximately 624 million yuan, with the lifespan determined by factors such as pipeline material, usage conditions, and integrity technical inspections [2] - Generally, pipelines can continue to be used if they meet technical standards, with regular evaluations and inspections conducted [2]

Core Viewpoint - The article highlights the strategic initiatives and achievements of Shaanxi Natural Gas Co., Ltd. during the "14th Five-Year Plan" period, focusing on its transformation into a comprehensive energy service provider and its contributions to the green energy supply system in Shaanxi Province [1][12]. Group 1: Infrastructure Development - Shaanxi Natural Gas has significantly enhanced its long-distance pipeline construction, with approximately 690 kilometers of new pipelines put into operation, increasing annual gas transmission capacity from 14.56 billion cubic meters at the end of the "13th Five-Year Plan" to 17 billion cubic meters, a growth of 16.8% [2]. - The company has established a comprehensive pipeline network centered around Xi'an and Yulin, creating a "three-ring, four vertical, five horizontal" backbone grid for gas distribution [2]. Group 2: Resource Allocation and Digital Transformation - The company has broken down resource allocation barriers by achieving direct connections with 12 purification plants of Yanchang Petroleum and enhancing interconnectivity with the national pipeline network, significantly improving resource dispatch flexibility and emergency response capabilities [5]. - Shaanxi Natural Gas is advancing its digital and intelligent transformation, applying technologies such as remote monitoring and laser scanning for pipeline integrity management, which enhances operational efficiency [6]. Group 3: Market Expansion and User Base Growth - The city gas business has become a key growth driver, with the company expanding its market through acquisitions and new projects, including the establishment of new gas companies and partnerships with local governments [7]. - By the end of 2024, the company’s city gas enterprises will have constructed over 4,500 kilometers of urban gas pipelines, serving more than 800,000 users, with city gas sales reaching 1.473 billion cubic meters, accounting for 11.1% of total sales [8]. Group 4: Corporate Governance and Value Enhancement - As a state-owned listed company, Shaanxi Natural Gas emphasizes the integration of production and finance to enhance corporate value, receiving multiple awards for its governance and operational efficiency [9][11]. - The company has implemented a robust shareholder return mechanism and optimized asset structure through capital operations, including acquisitions and restructuring [11]. Group 5: Industry Standards and Future Plans - The establishment of the Shaanxi Natural Gas Standardization Technical Committee aims to lead industry development by creating a comprehensive standard system for pipeline construction and urban gas management [12]. - Looking ahead to the "15th Five-Year Plan," the company plans to continue its strategic focus on pipeline construction, hydrogen-blended gas transportation trials, and further contributions to the province's green low-carbon development [12].

Market Overview - On September 17, the gas sector rose by 0.15% compared to the previous trading day, with Dazhong Public Utilities leading the gains [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Individual Stock Performance - Dazhong Public Utilities (600635) closed at 4.85, with a gain of 6.59% and a trading volume of 2.2875 million shares, amounting to a transaction value of 1.073 billion yuan [1] - Other notable performers included: - Zhongtai Co., Ltd. (300435) at 19.25, up 2.56% [1] - Fuan Longyuan (002911) at 11.54, up 2.49% [1] - Changchun Gas (600333) at 5.85, up 1.92% [1] - New Natural Gas (603393) at 29.21, up 1.14% [1] Fund Flow Analysis - The gas sector saw a net inflow of 90.0868 million yuan from institutional investors, while retail investors experienced a net outflow of 34.2687 million yuan [2] - The main stocks with significant fund flows included: - Dazhong Public Utilities with a net inflow of 68.1613 million yuan [3] - Fuan Energy with a net inflow of 18.0718 million yuan [3] - Changchun Gas with a net inflow of 13.9757 million yuan [3]

证券代码：002267 证券简称：陕天然气 公告编号：2025-040 陕西省天然气股份有限公司 关于因签订物资供应协议形成关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、关联交易概述 为规范企业采购管理，充分发挥规模采购优势，防范风险，陕西省天 然气股份有限公司（以下简称"公司"）及下属全资、控股子公司拟与陕西 延长石油物资集团有限责任公司（以下简称"延长物资集团"）及下属子公 司签订物资集中采购《物资供应框架协议》。延长物资集团及下属子公司 向公司及下属全资、控股公司提供物资采购服务。 延长物资集团为公司间接控股股东陕西延长石油（集团）有限责任公 司全资子公司， 陕西延长石油物资集团江苏有限公司、 陕西延长石油物 资集团西安有限公司、陕西延长石油物资集团天津有限公司、陕西延长石 油物资集团上海有限公司、江苏延长国际物流有限公司及陕西延长石油物 资集团延安有限公司为延长物资集团控股公司，根据《深圳证券交易所股 票上市规则》的有关规定，本次交易构成公司的关联交易。 公司第六届董事会第二十二次会议于 2025 年 9 月 12 日审议通过了 ...

证券代码：002267 证券简称：陕天然气 公告编号：2025-039 陕西省天然气股份有限公司 第六届董事会第二十二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 关联董事刘宏波、陈东生、毕卫、闫禹衡、张栋、郭娜对该议案回避 表决。 表决结果：5 票同意，0 票反对，0 票弃权。 1 同意该议案。 三、备查文件 一、董事会会议召开情况 陕西省天然气股份有限公司（以下简称"公司"）第六届董事会第二十 二次会议于 2025 年 9 月 12 日以通讯方式召开。召开本次会议的通知已于 2025 年 9 月 9 日以直接送达或电子邮件方式送达各位董事。会议应参加 表决董事 11 名，实际参加表决董事 11 名。会议的召开符合法律法规和《公 司章程》的有关规定。 二、董事会会议审议情况 审议通过《关于与陕西延长石油物资集团有限责任公司及其子公司 签订物资供应协议形成关联交易的议案》 具体内容详见公司于 2025 年 9 月 16 日在指定媒体和巨潮资讯网披露 的《关于因签订物资供应协议形成关联交易的公告》（公告编号： 2025-040）。 第六届董事会 ...

Group 1 - The company, Shaanxi Natural Gas (SZ 002267), announced that its 22nd meeting of the 6th board of directors was held on September 12, 2025, via communication methods [1] - The meeting reviewed a proposal regarding the signing of a material supply agreement with Shaanxi Yanchang Petroleum Material Group Co., Ltd. and its subsidiaries, which involves related party transactions [1] - For the first half of 2025, the company's revenue composition was 66.62% from pipeline transportation and 33.38% from urban gas sales [1] Group 2 - As of the report, the market capitalization of Shaanxi Natural Gas is 9 billion yuan [1]