Core Viewpoint - Shaanxi Natural Gas indicated that the gas consumption in the southern Shaanxi region is relatively low due to multiple factors such as geographical location and economic development level [2] Company Summary - Shaanxi Natural Gas responded to investor inquiries on October 22, highlighting the impact of geographical and economic factors on gas consumption in the southern region [2]

陕天然气（002267.SZ）10月22日在投资者互动平台表示，目前，公司长输管道经营业务以代输为主， 管输能力能够满足下游用气需求。采暖季，公司将积极为用户做好代输服务。 每经AI快讯，有投资者在投资者互动平台提问：供嗳季还有一个月时间，公司作了哪些准备工作？今 冬供气我司有怎样的一个预判？随着气源的逐渐丰富，天气整体变暖，导致利润率较高的备用手段往往 用不了多少，公司有哪些应对方法？ （文章来源：每日经济新闻） ...

Group 1 - The company, Shaanxi Natural Gas (002267.SZ), responded to investor inquiries regarding the impact of heavy rainfall on its pipeline infrastructure, indicating that some water damage occurred to water protection facilities on gas transmission lines [2] - Despite the water damage, the company stated that there was no significant impact on overall natural gas transmission operations [2]

Market Performance - The gas sector increased by 2.93% compared to the previous trading day, with Kaitan Gas leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Individual Stock Performance - Kaitan Gas (code: 920010) closed at 15.77, up 10.43% with a trading volume of 250,200 shares and a transaction value of 375 million yuan [1] - Baichuan Energy (code: 600681) closed at 4.57, up 10.12% with a trading volume of 1,213,600 shares [1] - Changchun Gas (code: 600333) closed at 7.98, up 10.07% with a trading volume of 1,189,100 shares [1] - Guo Xin Energy (code: 600617) closed at 4.40, up 10.00% with a trading volume of 2,466,200 shares [1] - Other notable performers include Dazhong Public Utilities (up 9.94%) and Tianhao Energy (up 8.85%) [1] Capital Flow - The gas sector saw a net inflow of 365 million yuan from main funds, while retail investors experienced a net outflow of 290 million yuan [2][3] - Main funds showed significant net inflows in Dazhong Public Utilities (3.09 million yuan) and Guizhou Gas (36.58 million yuan) [3] - Retail investors had notable outflows in several stocks, including Dazhong Public Utilities and Guizhou Gas [3]

Core Viewpoint - Shaanxi Natural Gas has shown a positive stock performance with a year-to-date increase of 5.43% and a market capitalization of 9.497 billion yuan as of October 17 [1] Financial Performance - For the first half of 2025, Shaanxi Natural Gas reported operating revenue of 4.850 billion yuan, a year-on-year increase of 2.84%, while net profit attributable to shareholders decreased by 1.91% to 509 million yuan [2] - The company has cumulatively distributed 4.216 billion yuan in dividends since its A-share listing, with 1.501 billion yuan distributed over the last three years [3] Stock Market Activity - As of October 17, the stock price of Shaanxi Natural Gas was 8.54 yuan per share, with a trading volume of 1.06 billion yuan and a turnover rate of 1.12% [1] - The stock has seen significant trading activity, with a net inflow of 10.667 million yuan from main funds and a notable presence on the trading leaderboard on May 26, where it recorded a net buy of -33.8575 million yuan [1] Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 13.84% to 31,300, while the average circulating shares per person decreased by 12.16% to 35,540 shares [2] - The top shareholders include various funds, with notable changes in holdings among major institutional investors [3]

Core Viewpoint - Shaanxi Natural Gas experienced a decline of 1.06% in stock price on October 16, with a trading volume of 123 million yuan, indicating a negative sentiment in the market [1] Financing Summary - On October 16, Shaanxi Natural Gas had a financing buy amount of 14.48 million yuan and a financing repayment of 29.94 million yuan, resulting in a net financing outflow of 15.45 million yuan [1] - As of October 16, the total financing and securities lending balance for Shaanxi Natural Gas was 206 million yuan, with the financing balance at 202 million yuan, accounting for 2.17% of the circulating market value, which is above the 60th percentile level over the past year [1] - In terms of securities lending, 2,200 shares were repaid and 8,200 shares were sold on October 16, with a selling amount of 68,600 yuan, while the securities lending balance was 3.61 million yuan, exceeding the 90th percentile level over the past year [1] Business Performance - As of June 30, Shaanxi Natural Gas reported a total of 31,300 shareholders, an increase of 13.84% from the previous period, while the average circulating shares per person decreased by 12.16% to 35,540 shares [2] - For the first half of 2025, Shaanxi Natural Gas achieved an operating income of 4.85 billion yuan, a year-on-year increase of 2.84%, while the net profit attributable to shareholders decreased by 1.91% to 509 million yuan [2] - Since its A-share listing, Shaanxi Natural Gas has distributed a total of 4.216 billion yuan in dividends, with 1.501 billion yuan distributed over the past three years [2] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders of Shaanxi Natural Gas included notable institutions such as Dongfanghong Zhongzheng Dongfanghong Dividend Low Volatility Index A, which held 9.7494 million shares, a decrease of 265,000 shares from the previous period [3] - Hong Kong Central Clearing Limited ranked as the fourth largest circulating shareholder with 9.7072 million shares, an increase of 3.1286 million shares [3] - Other significant shareholders included Invesco Great Wall Zhongzheng Dividend Low Volatility 100 ETF and Tianhong Zhongzheng Dividend Low Volatility 100 ETF, both of which saw reductions in their holdings [3]

Core Viewpoint - The main focus of the news is on the progress of the Qinjin Yellow Tunnel project, with the company confirming that the main engineering work has been completed and is currently in the process of equipment debugging and production process adjustments [2]. Group 1 - Investors inquired about the construction status of the Qinjin Yellow Tunnel project during the National Day holiday [2]. - The company, Shaanxi Natural Gas (002267.SZ), reported that the main project has achieved full connectivity [2]. - The company is actively conducting debugging of production processes and equipment [2].

Core Viewpoint - The company, Shaanxi Natural Gas, has confirmed that it is not currently involved in helium technology development and is focusing on enhancing its core business technologies to improve competitiveness and consolidate market share [1] Group 1 - The company responded to investor inquiries on September 25, indicating its current lack of involvement in helium technology [1] - The company's research and development efforts are primarily directed towards deepening and expanding technologies related to its main business [1] - The focus on core business technologies aims to strengthen the company's competitive position and market share [1]

Core Viewpoint - The company, Shaanxi Natural Gas, stated that the appreciation of the Renminbi has a minimal impact on its operations, as it conducts business domestically and settles transactions in Renminbi [2] Group 1 - The company operates within China and uses Renminbi for its transactions [2] - The impact of Renminbi appreciation on the company's operations is considered to be small [2]

Core Viewpoint - The company is focusing on enhancing its gas transmission capabilities and expanding its market presence through strategic integration and infrastructure development [1] Group 1: Strategic Focus - The company aims to "specialize in long-distance transmission, expand urban gas distribution, and optimize the listed company" as part of its strategic direction [1] - Key priorities include eliminating transmission bottlenecks, strengthening interconnectivity, and expanding market coverage [1] Group 2: Infrastructure Development - The company is accelerating the construction of interconnecting pipelines between provincial gas transmission lines and resource points, as well as the national pipeline network [1] - This development is intended to enhance the gas supply security and resource flexibility of the pipeline network [1] Group 3: Market Integration - The company is actively increasing its efforts in integrating the terminal gas market [1] - It is promoting the consolidation of other sizable natural gas operators within the province to continuously improve market share and profitability [1]