近日，天壕能源（300332.SZ）发布消息，公司重点工程兴县东门站上载项目，于6月30日实现工程高质 量竣工，首日2万立方米气量成功注入国家管网。 据悉，兴县东门站上载项目于2024年11月20日获得国网正式开口批复。天壕能源管理团队从上游气质组 分精准分析、设计方案科学编制、设备选型严格把控到分包选商全流程优化，全方位对标国家管网标准 建设综合性场站。6月30日，伴随着压缩机轰鸣启动， 2万立方米气量成功注入国家管网——这标志着 天壕能源首个国家级管网气源上载点正式投运，不仅为开拓全国燃气销售市场奠定关键基础，更突破了 原有神安管道仅覆盖晋冀区域的局限，构建起辐射新增终端用户的战略通道，在天壕能源发展历程中铸 就了里程碑式的突破。 ...

Core Viewpoint - Tianhao Energy (300332) announced the resignation of its Deputy General Manager, Li Yulong, due to reaching the legal retirement age, effective immediately upon delivery to the board [1] Company Summary - Li Yulong submitted a written resignation application to the company's board [1] - Following his retirement, Li Yulong will no longer hold any position within the company [1]

Market Overview - On August 1, the gas sector rose by 1.0% compared to the previous trading day, with Shengtong Energy leading the gains [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Gas Sector Performance - Shengtong Energy (001331) closed at 13.99, up 9.98% with a trading volume of 49,100 lots and a transaction value of 68.75 million yuan [1] - Tianhao Energy (300332) closed at 5.29, up 4.75% with a trading volume of 491,000 lots and a transaction value of 258 million yuan [1] - Jiufeng Energy (605090) closed at 28.04, up 4.20% with a trading volume of 180,700 lots and a transaction value of 222 million yuan [1] - Other notable performers include Zhongtai Co. (300435) up 2.64%, Xinjiang Torch (603080) up 2.62%, and Delong Huineng (000593) up 2.08% [1] Capital Flow Analysis - The gas sector experienced a net outflow of 10.66 million yuan from institutional investors, while retail investors saw a net inflow of 20.12 million yuan [2] - The main capital flow data indicates that Shaanxi Natural Gas (002267) had a net inflow of 22.48 million yuan, while Shengtong Energy (001331) had a net inflow of 21.36 million yuan [3] - Other companies like Guizhou Gas (600903) and Xinjiang Torch (603080) also showed varying degrees of net inflow and outflow among different investor categories [3]

天壕能源股份有限公司 董事会 天壕能源股份有限公司（以下简称"公司"）董事会于近日收到公司副总经 理李玉龙先生提交的书面辞职申请。李玉龙先生因已达到法定退休年龄，申请辞 去公司副总经理职务，该辞职申请自送达董事会之日起生效。李玉龙先生退休离 任后，将不再担任公司任何职务。 截至本公告披露之日，李玉龙先生未持有公司股份，不存在应当履行而未履 行的承诺事项。李玉龙先生原定任期至 2026 年 4 月 27 日届满，其承诺将于原定 任期内至任期届满后六个月内继续遵守《公司法》、《深圳证券交易所上市公司自 律监管指引第 18 号——股东及董事、高级管理人员减持股份》等相关法律法规 关于董监高减持公司股份的限制性规定：（一）每年转让的股份不得超过其所持 有本公司股份总数的百分之二十五；（二）离职后半年内，不得转让其所持本公 司股份；（三）《公司法》对董监高股份转让的其他规定。 李玉龙先生在担任公司副总经理期间恪守职责、勤勉尽责，公司及董事会对 李玉龙先生在任职期间所做的工作及对公司发展做出的贡献表示衷心感谢！ 特此公告。 | 证券代码：300332 | 证券简称：天壕能源 公告编号：2025-032 | | --- | ...

关于为子公司提供担保的进展公告 | 证券代码：300332 | 证券简称：天壕能源 | 公告编号：2025-031 | | --- | --- | --- | | 债券代码：123092 | 债券简称：天壕转债 | | 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、担保事项概述 为发挥天壕能源股份有限公司（以下简称"天壕能源"、"公司"或"本公 司"）及合并报表范围内的子公司市场融资功能，提高融资效率，公司及子公司 为合并报表范围内的子公司向金融机构及类金融企业申请融资业务提供担保分 配了额度。2025年预计担保额度总计不超过11.80亿元人民币，有效期为2025年 2月14日至审议预计2026年度担保额度的股东大会决议通过之日止，担保方式包 括但不限于保证、质押、抵押。 公司于 2025 年 2 月 13 日召开 2025 年第一次临时股东大会，审议通过了《关 于 2025 年 度 担 保 额 度 预 计 的 议案》。详见公司在巨潮资讯网 （http://www.cninfo.com.cn）于 2025 年 1 月 21 日披露的《关于 2025 年度 ...

天壕能源股份有限公司 天壕能源股份有限公司 | 证券代码：300332 | 证券简称：天壕能源 | 公告编号：2025-030 | | --- | --- | --- | | 债券代码：123092 | 债券简称：天壕转债 | | 关于归还暂时补充流动资金的闲置募集资金的公告 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。 天壕能源股份有限公司（以下简称"公司"）于 2024 年 7 月 17 日召开第五 届董事会第十四次会议及第五届监事会第八次会议，审议通过了《关于使用部分 闲置募集资金暂时补充流动资金的议案》，同意公司在保证募集资金投资项目建 设和募集资金使用计划的前提下，使用部分闲置募集资金不超过人民币 10,000 万元（含人民币 10,000 万元）用于暂时补充流动资金，使用期限自董事会审议 通过之日起不超过 12 个月，到期或募集资金投资项目需要时归还至募集资金专 户。具体内容详见公司 2024 年 7 月 18 日披露于巨潮资讯网（www.cninfo.com.cn） 的《关于使用部分闲置募集资金暂时补充流动资金的公告》（公告编号：2024-07 ...

| 证券代码：300332 | 证券简称：天壕能源 公告编号：2025-029 | | --- | --- | | 债券代码：123092 | 债券简称：天壕转债 | 天壕能源股份有限公司 根据《深圳证券交易所创业板股票上市规则》和《深圳证券交易所上市公司 自律监管指引第 15 号——可转换公司债券》的有关规定，天壕能源股份有限公 司（以下简称"公司"或"本公司"）现将 2025 年第二季度可转换公司债券（以 下简称"天壕转债"）转股及公司总股本变化情况公告如下： 一、可转债发行上市情况 经中国证券监督管理委员会"证监许可〔2020〕3357 号"文核准，公司于 2020 年 12 月 24 日向不特定对象发行了 423 万张可转换公司债券（以下简称"可 转债"），每张面值 100 元，发行总额 42,300 万元。本次发行的可转债向股权 登记日（即 2020 年 12 月 23 日，T-1 日）收市后登记在册的原股东优先配售， 原股东优先配售后余额部分（含原股东放弃优先配售部分）通过深交所交易系统 网上向社会公众投资者发行，余额由保荐机构（主承销商）包销。 经深交所同意，公司 42,300 万元可转债于 2 ...

| 证券代码：300332 | 证券简称：天壕能源 公告编号：2025-028 | | --- | --- | | 债券代码：123092 | 债券简称：天壕转债 | 天壕能源股份有限公司 关于为子公司提供担保的进展公告 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、担保事项概述 为发挥天壕能源股份有限公司（以下简称"天壕能源"、"公司"或"本公 司"）及合并报表范围内的子公司市场融资功能，提高融资效率，公司及子公司 为合并报表范围内的子公司向金融机构及类金融企业申请融资业务提供担保分 配了额度。2025年预计担保额度总计不超过11.80亿元人民币，有效期为2025年 2月14日至审议预计2026年度担保额度的股东大会决议通过之日止，担保方式包 括但不限于保证、质押、抵押。 公司于 2025 年 2 月 13 日召开 2025 年第一次临时股东大会，审议通过了《关 于 2025 年 度 担 保 额 度 预 计 的 议 案 》 。 详 见 公 司 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）于 2025 年 1 月 21 日 ...

Core Viewpoint - The oil and gas sector is experiencing significant price fluctuations due to geopolitical tensions, particularly the recent airstrikes by Israel on Iran, which have raised concerns about oil supply disruptions in the Middle East [1][2]. Group 1: Market Performance - As of June 16, 2025, key stocks in the oil and gas sector have shown substantial gains, with Taishan Petroleum up 10.07%, Intercontinental Oil and Gas up 9.88%, and Heshun Petroleum up 8.17% [1]. - The Oil and Gas ETF (159697) has increased by 0.68%, marking its fourth consecutive rise, with a latest price of 1.03 yuan [1]. - Over the week leading to June 13, 2025, the Oil and Gas ETF has accumulated a rise of 4.48% [1]. Group 2: Price Trends - On June 13, 2025, WTI and Brent crude oil futures closed at $72.98 and $74.23 per barrel, respectively, reflecting increases of 16.7% and 14.9% since the beginning of the month [1]. - The report from Huatai Securities indicates that the oil price is expected to enter a high volatility phase due to potential declines in Iranian oil production and exports [2]. Group 3: Supply and Demand Outlook - The global oil demand is being impacted by the transition to electricity and gas, while supply from oil-producing countries is becoming increasingly coordinated and weaker [2]. - The oil price is projected to have a downward trend from 2025 to 2027, with a new equilibrium expected to be above $60 per barrel, driven by marginal costs and supply-side dynamics [2]. Group 4: Index Composition - The National Oil and Gas Index (399439) reflects the price changes of publicly listed companies in the oil and gas sector, with the top ten weighted stocks accounting for 66.48% of the index [2].

Core Viewpoint - The credit rating report indicates that Tianhao Energy Co., Ltd. maintains a stable credit rating of A+ due to its advantages in natural gas pipeline operations and certain regional gas operating rights, despite facing challenges such as declining revenue and profit in 2024 [2][4][5]. Financial Performance - Total assets decreased from 91.27 billion in 2022 to 82.37 billion in 2025 [2][23]. - Total debt reduced from 30.43 billion in 2022 to 24.88 billion in 2025 [2][23]. - Operating revenue fell from 45.22 billion in 2023 to 9.35 billion in 2025, with net profit dropping from 2.88 billion in 2023 to 0.62 billion in 2025 [2][23]. - The company reported a significant decline in EBITDA margin and total asset return rate due to reduced profitability and impairment losses [21]. Business Operations - The company has a strong presence in the natural gas sector, with a pipeline capacity of 50 billion cubic meters per year and a network covering key gas fields [16][18]. - The company’s gas sales volume decreased from 15.47 billion cubic meters in 2023 to 13.23 billion cubic meters in 2024, with a significant reliance on a single supplier, China National Offshore Oil Corporation, accounting for 80.32% of gas procurement [17][18]. - The company’s business is concentrated in specific regions, with the top five customers contributing 61.39% of total sales [5][17]. Risks and Challenges - The company faces risks related to high concentration in customer base and reliance on a single gas source, which could impact operational stability [5][6]. - The goodwill from acquisitions poses a risk, as the company has not met performance commitments from its subsidiary, leading to potential impairment [19][20]. - Short-term debt pressure is increasing, with 78.36% of total debt being short-term, indicating a need for debt structure optimization [6][21]. Industry Environment - The natural gas industry in China is experiencing a shift towards improved supply-demand dynamics, with increased domestic production and reduced reliance on imports [12][13]. - The government is implementing price linkage mechanisms to stabilize the market, which may benefit gas companies in the long run [13][14]. - The overall market for natural gas is expected to grow, driven by industrialization and urbanization trends, despite current price pressures [12][13].