Group 1 - The company holds a 2.2727% stake in Fuzhou Zijing Haixia Technology Investment Partnership (Limited Partnership) and is a limited partner [1] - The company does not have any other venture capital-related businesses [1]

Group 1 - Tianhao Energy's stock price increased by 8.85% on October 20, with a trading volume of 714 million yuan [1] - The financing buy-in amount for Tianhao Energy on the same day was 89.54 million yuan, while the financing repayment was 78.18 million yuan, resulting in a net financing buy-in of 11.37 million yuan [1] - As of October 20, the total balance of margin trading for Tianhao Energy was 365 million yuan, which accounts for 6.11% of its market capitalization [1] Group 2 - As of June 30, the number of shareholders for Tianhao Energy was 29,100, an increase of 15.49% compared to the previous period [2] - The average circulating shares per person decreased by 13.41% to 28,541 shares [2] - For the first half of 2025, Tianhao Energy reported operating revenue of 1.372 billion yuan, a year-on-year decrease of 32.15%, and a net profit attributable to shareholders of 69.01 million yuan, also down by 32.08% [2] Group 3 - Since its A-share listing, Tianhao Energy has distributed a total of 344 million yuan in dividends, with 122 million yuan distributed over the past three years [3]

Core Viewpoint - The A-share market saw a significant rise in gas stocks, driven by a cold air mass affecting the central and eastern regions of China, leading to lower temperatures and an early onset of winter [1]. Company Performance - **Guo Xin Energy (国新能源)**: Increased by 10.00%, with a total market value of 8.488 billion and a year-to-date increase of 62.96% [2]. - **Public Utilities (大众公用)**: Rose by 9.94%, with a market capitalization of 20.3 billion and a year-to-date increase of 55.67% [2]. - **Bai Chuan Energy (百川能源)**: Gained 7.47%, with a market value of 5.980 billion and a year-to-date increase of 35.85% [2]. - **Tian Hao Energy (天壕能源)**: Increased by 6.16%, with a market capitalization of 5.814 billion and a year-to-date increase of 16.06% [2]. - **Changchun Gas (长春燃气)**: Rose by 5.79%, with a market value of 4.671 billion and a year-to-date increase of 37.70% [2]. - **Hong Tong Gas (洪通燃气)**: Increased by 5.73%, with a market capitalization of 5.010 billion and a year-to-date increase of 78.07% [2].

Core Viewpoint - The A-share market saw a significant rise in gas stocks, driven by a cold air mass affecting the central and eastern regions of China, leading to lower temperatures and an early onset of winter [1] Group 1: Market Performance - Gas stocks in the A-share market experienced notable gains in the afternoon session, with Guo Xin Energy hitting the daily limit up [1] - Other companies such as Dazhong Public Utilities, Baichuan Energy, Tianhao Energy, Changchun Gas, and Hongtong Gas also saw increases in their stock prices [1] Group 2: Weather Impact - A cold air mass is expected to continue moving east and south, impacting the central and eastern regions of China on October 20 and 21 [1] - Northern regions are experiencing persistently low temperatures, while southern areas are forecasted to reach new lows for the second half of the year [1] - This cold air mass is causing many areas in North China to enter the winter season earlier than usual [1]

Core Viewpoint - The gas sector is experiencing a significant increase in stock prices, with Shouhua Gas rising over 10% and other companies in the sector following suit, indicating a positive market sentiment towards gas companies [1] Company Performance - Shouhua Gas has seen its stock price increase by more than 10% [1] - Guo Xin Energy previously reached its price limit, indicating strong investor interest [1] - Other companies such as Changchun Gas, Hongtong Gas, Chengdu Gas, and Tianhao Energy also experienced stock price increases, reflecting a broader trend in the gas industry [1]

Core Viewpoint - Natural gas concept stocks experienced a rapid increase, driven by the early initiation of winter heating in several regions, including Gansu, in response to continuous temperature drops [1] Group 1: Stock Performance - Shouhua Gas surged over 12% [1] - Changchun Gas hit the daily limit [1] - Hongtong Gas, Chengdu Gas, and Tianhao Energy also saw significant gains [1] Group 2: Market Drivers - The onset of winter heating mode has led to a peak in natural gas demand [1] - The early start of heating in multiple areas indicates a proactive approach to managing energy needs during colder months [1]

Core Viewpoint - Tianhao Energy has signed an investment agreement for the natural gas development and comprehensive utilization project in Jian'ge County, enhancing regional energy security and solidifying its strategic position in Southwest China [1] Group 1 - The investment agreement was signed on October 14 [1] - The project is located in a region rich in natural gas resources [1] - The successful signing of the project will strengthen the energy security capabilities of the area [1] Group 2 - The agreement represents a significant step in Tianhao Energy's strategic layout in Southwest China [1]

Group 1: Company Performance - Tianhao Energy's stock price decreased by 1.78% on October 15, with a trading volume of 244 million yuan [1] - For the first half of 2025, Tianhao Energy reported revenue of 1.372 billion yuan, a year-on-year decrease of 32.15%, and a net profit attributable to shareholders of 69.01 million yuan, also down by 32.08% [2] Group 2: Financing and Shareholder Information - On October 15, Tianhao Energy had a net financing purchase of 9.89 million yuan, with a total financing balance of 373 million yuan, representing 7.09% of its market capitalization [1] - The number of shareholders increased by 15.49% to 29,100 as of June 30, while the average number of circulating shares per person decreased by 13.41% to 28,541 shares [2] Group 3: Business Segments - Tianhao Energy's main business segments include natural gas supply and pipeline operation (95.00% of revenue), membrane product sales (3.22%), and other services (1.78%) [1]

Group 1 - The company, Tianhao Energy (300332.SZ), currently has no business related to the hydrogen energy sector [1]

Core Viewpoint - The gas sector in the A-share market is showing strong performance, with several companies experiencing significant stock price increases despite broader market trends [1] Group 1: Company Performance - Guo Xin Energy and Fu Ran Energy both reached the daily limit increase in stock price [1] - Changchun Gas saw a stock price increase of over 9% [1] - Xinjiang Torch experienced a stock price rise of over 6% [1] - Hongtong Gas increased by over 5% [1] - Nanjing Public Utilities rose by 4% [1] - Tianhao Energy, Chengdu Gas, and New Natural Gas all saw stock price increases of over 3% [1]