Core Insights - The recent press conference highlighted significant advancements in the exploration and development of mineral resources, with 534 new large and medium-sized oil and gas fields and mineral sites discovered, supporting high-quality economic development during the "14th Five-Year Plan" period [1][2][3] Industry Developments - The Ministry of Natural Resources has completed the goals set for the "14th Five-Year Plan," effectively supporting high-quality economic and social development [1][6] - A total investment of nearly 450 billion yuan has been made in the new round of mineral exploration, leading to major breakthroughs in energy resource security and optimization of resource structure [3] - Major discoveries in the energy sector include 10 large oil fields and 19 large gas fields, with significant geological reserves of coalbed methane added, particularly in the Ordos Basin, which saw over 300 billion cubic meters of newly proven reserves [3][4] Strategic Mineral Resources - The exploration of strategic minerals such as oil, gas, copper, and lithium has achieved major breakthroughs, with the discovery of a significant lithium mineral belt across four provinces, covering 2,800 kilometers [4] - New resource bases are emerging alongside revitalization of old ones, with notable discoveries in various provinces, including a potential world-class gold mine in Liaoning [4] Future Plans - The Ministry of Natural Resources plans to continue promoting the new round of mineral exploration and development efforts to ensure energy resource security [5]

Market Performance - The gas sector increased by 0.1% on September 10, with Shouhua Gas leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - Shouhua Gas (300483) closed at 12.69, up 4.88% with a trading volume of 362,500 shares and a turnover of 458 million yuan [1] - Victory Co. (000407) closed at 3.74, up 0.81% with a trading volume of 295,100 shares and a turnover of 110 million yuan [1] - Xinjiang Torch (603080) closed at 21.85, up 2.49% with a trading volume of 64,900 shares and a turnover of 141 million yuan [1] Capital Flow Analysis - The gas sector experienced a net outflow of 27.37 million yuan from institutional investors and 49.78 million yuan from speculative funds, while retail investors saw a net inflow of 77.15 million yuan [2] - The top net inflow from retail investors was observed in Meino Energy (001299) with 8.51 million yuan, while Shouhua Gas had a net outflow of 7.80 million yuan from retail investors [3]

Group 1 - The core viewpoint of the article highlights significant stock price increases for several companies in the oil and gas sector, indicating a positive market sentiment [1][2] Group 2 - Junyou Co. and Shandong Molong have reached their daily limit up, reflecting strong investor interest [1] - Tongyuan Petroleum and Keli Co. have seen stock price increases exceeding 10%, suggesting robust performance and market confidence [1] - Other companies such as Shouhua Gas, Beiken Energy, Zhongman Petroleum, and Qianeng Huanxin also experienced stock price increases, indicating a broader trend in the industry [1]

Core Viewpoint - The recent investor relations event for Shouhua Gas Technology (Shanghai) Co., Ltd. attracted significant attention, with various institutions gathering to understand the company's operational status and development plans [1] Group 1: Investor Relations Activity - The investor activity was categorized as a specific object survey held on September 8, 2025, at the Shanghai office, attended by 13 institutions including Morgan Fund, Caizhong Fund, and Tianfeng Securities [1] - Company representatives included the board secretary and vice general manager, Zhang Qian, along with securities affairs representative Wang Zhulin [1] Group 2: Tax Subsidy Policies - The company benefits from tax subsidy policies in unconventional natural gas extraction, including special development funds for clean energy and a VAT policy for coalbed methane extraction [2] - The expected subsidy scale is related to the company's production growth, with anticipated implementation in the second half of this year [2] - The VAT policy is expected to be gradually enjoyed from the second half of 2026 to 2027 due to the company's significant input exceeding output in recent years [2] Group 3: Cost Structure - The company has seen a decrease in extraction costs due to lower investment costs and the dilution of fixed costs from increased gas volume [2] - The investment cost for a single coalbed methane well is approximately 29 million (excluding tax), with a cumulative production of about 55 million cubic meters over its lifespan, leading to a per-cubic-meter investment cost of approximately 0.53 yuan [2] - The company anticipates further reductions in production costs due to infrastructure operations and the application of new technologies [2][3] Group 4: Capital Expenditure Plans - The company plans a capital expenditure of approximately 1.5 billion for 2025, primarily for gas well construction [4] - In the first half of the year, the company spent about 500 million on asset purchases, with an expected net cash flow from operating activities of 800 million, which is projected to cover capital expenditures for the year [4] - The company aims to optimize its asset-liability structure and financing costs without adding new financial liabilities this year [4] Group 5: Pipeline Capacity and Future Plans - The company completed the expansion of its gas transmission capacity to 3 million cubic meters per day last year, with expectations to exceed 900 million cubic meters in gas transmission this year [4] - Plans are in place to increase transmission capacity to 4 million cubic meters per day, with a project capital expenditure expected to be controlled within 100 million [4] - A supplementary agreement for a share transfer was signed on September 5, with ongoing work to be monitored through company announcements [4]

证券代码： 300483 证券简称：首华燃气 首华燃气科技(上海)股份有限公司 投资者关系活动记录表 编号：20250908 | ☑ | 特定对象调研 分析师会议 □ | | | | --- | --- | --- | --- | | □ 投资者关系活动 | 媒体采访 □ 业绩说明会 | | | | □ | 新闻发布会 □ 路演活动 | | | | 类别 □ | 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | | | 参与单位名称及 | 摩根基金、财通基金、酝畴基金、上海合远基金、上海昀启投资、 | | | | 人员姓名 | 上海旭诺资产、北京俊远投资、天风证券、光大证券、东吴证券、 | | | | | 财通证券、华源证券、四川大决策投资 | | | | 时间 | 日 2025 8 | 年 | 月 9 | | 地点 | 上海办公室现场 | | | | 上市公司接待人 | 董事会秘书、副总经理张骞 | | | | 员姓名 | 证券事务代表王竹林 | | | | | 投资者提出的问题及公司回复情况 | | | | | 公司就投资者提出的问题进行了回复： | | | | | 1、公司享受 ...

Core Viewpoint - The financial advisor, Guotai Junan Securities, has issued a verification opinion on the detailed equity change report regarding the acquisition of 10.02% of Shouhua Gas Technology (Shanghai) Co., Ltd. by Shanghai Houde Miao Jing Business Consulting Co., Ltd. from Ganzhou Haide Investment Partnership [1][4][5] Summary by Sections Financial Advisor's Verification Opinion - The financial advisor conducted due diligence and found no false records, misleading statements, or significant omissions in the detailed equity change report [4][6] - The information disclosed by the information disclosure obligor and its concerted actors is deemed true, accurate, and complete, complying with relevant laws and regulations [4][5] Purpose of the Acquisition - The information disclosure obligor aims to gain control over Shouhua Gas due to its recognition of the company's value and growth prospects [4][5] Basic Information of the Information Disclosure Obligor - Shanghai Houde Miao Jing Business Consulting Co., Ltd. is a limited liability company established on July 22, 2022, with a registered capital of 1 million yuan [6][7] - The actual controller of the company is Liu Qingli, who holds 100% of the shares [6][7] Financial Strength for Acquisition - The acquisition involves a cash payment of 330.6744 million yuan for 27,216,000 shares, representing 10.02% of the total share capital of Shouhua Gas [3][17] - The funds for the acquisition will come from the self-owned or self-raised funds of Shanghai Houde and its actual controller [17][22] Management Capability - After the transaction, the information disclosure obligor and its concerted actors will become the controlling shareholders of Shouhua Gas, ensuring the company's independent operation and governance [18][26] - The financial advisor has provided necessary guidance on compliance with securities market regulations to the management of the information disclosure obligor [18][21] Future Plans - There are currently no plans for significant adjustments to the main business or major asset disposals within the next 12 months [23][24] - The information disclosure obligor and its concerted actors have committed to maintaining the stability of the company's operations during the transition period [22][23] Impact on Independence and Development - The acquisition is not expected to adversely affect the independence and sustainable development of Shouhua Gas, as the company has established a sound governance structure [26][28] - The information disclosure obligor has committed to maintaining the independence of the company in terms of personnel, assets, finance, and operations [26][28] Competition and Related Transactions - There is no significant competition between the information disclosure obligor's other businesses and Shouhua Gas, and measures will be taken to avoid potential conflicts [27][28] - No related transactions exist between the information disclosure obligor and Shouhua Gas, and commitments have been made to ensure fair market practices [27][28]

Core Viewpoint - The report outlines a significant equity change involving Shouhua Gas Technology (Shanghai) Co., Ltd, where Ganzhou Haide Investment Partnership (Limited Partnership) is transferring 27,216,000 shares, representing 10.02% of the total share capital, to Shanghai Houde Miaojing Business Consulting Co., Ltd for a total price of RMB 330.6744 million [3][8][10]. Group 1: Equity Change Details - The equity change is executed through a share transfer agreement, with the transfer price set at RMB 12.15 per share, which is above 80% of the closing price on the date of the agreement [8][10]. - Following the transfer, Haide Investment will no longer hold any shares in Shouhua Gas, and the actual controllers will remain the same [5][8]. - The total share capital of Shouhua Gas is 271,721,538 shares, and the transaction will require compliance confirmation from the Shenzhen Stock Exchange before proceeding with the transfer [12][20]. Group 2: Information Disclosure Obligations - The information disclosure obligations have been fulfilled according to relevant laws, ensuring the accuracy and completeness of the report [2][5][13]. - The report confirms that there have been no other transactions involving the shares of Shouhua Gas by the disclosing party or its concerted actors in the past six months [5][12]. - The disclosing party has committed to adhering to legal requirements for any future changes in shareholding within the next 12 months [6][22]. Group 3: Parties Involved - The disclosing party, Ganzhou Haide Investment Partnership, was established on September 14, 2018, with a registered capital of RMB 1 million [3][4]. - The partners of the disclosing party include Wu Hailin, Wu Haijiang, Wu Junliang, Wu Rude, and Wu Junmei, with varying contributions to the partnership [4][5]. - The agreement among the concerted actors was established to ensure unified decision-making regarding significant company matters [5][8].

Core Viewpoint - The report details the equity change of Shouhua Gas Technology (Shanghai) Co., Ltd., indicating that Shanghai Houde Miaojing Business Consulting Co., Ltd. has increased its shareholding, aiming to gain control over the company and enhance its operational efficiency and governance structure [1][14]. Group 1: Equity Change Details - Shanghai Houde plans to acquire 27,216,000 shares, representing 10.02% of the total share capital of Shouhua Gas, from Ganzhou Haide Investment Partnership [19]. - The total payment for the shares is set at RMB 330.6744 million, with the first payment of RMB 100 million already made [20][23]. - After the transaction, the combined shareholding of Shanghai Houde, Shanxi Huijing, and Liu Jinli will amount to 35,165,308 shares, or 12.94% of the total share capital [18]. Group 2: Stakeholder Information - Liu Qingli is identified as the actual controller of both Shanghai Houde and Shanxi Huijing, establishing a unified action relationship among the stakeholders [14][17]. - Shanxi Huijing holds 100% of its shares under the control of China Panorama Energy Ltd., with Liu Qingli as the actual controller [9][10]. - Liu Jinli directly holds 17,183,968 shares, accounting for 6.32% of the total share capital [17]. Group 3: Future Plans and Governance - The purpose of the equity change is to recognize the value and development prospects of Shouhua Gas, with plans to improve operational efficiency and governance [14]. - The stakeholders commit to not transferring the acquired shares within 18 months post-acquisition and may consider further acquisitions based on business needs [14][23]. - No immediate plans for significant changes to the main business operations of Shouhua Gas have been outlined for the next 12 months [23].

Group 1 - The core point of the announcement is the transfer of control of Shouhua Gas Technology (Shanghai) Co., Ltd. from Ganzhou Haide Investment Partnership to Shanghai Houde Miaojing Business Consulting Co., Ltd. [1][2] - The original agreement for the transfer of 27,216,000 unrestricted shares was terminated, and the new agreement designates Houde Miaojing as the buyer [2][3] - After the completion of the share transfer, Haide Investment will no longer hold any shares in the company, and Houde Miaojing will hold 27,216,000 shares, representing 10.02% of the total share capital [2][4] Group 2 - The actual controllers of the company will change to Liu Qingli and Liu Jinli after the transfer, with Liu Qingli holding 27,216,000 shares through Houde Miaojing and 7,949,308 shares through Shanxi Huijing [4][5] - The total shareholding of Liu Qingli and Liu Jinli will amount to 35,165,308 shares, which is 12.94% of the total share capital [4][5] - The share transfer price is set at RMB 12.15 per share, totaling RMB 330.6744 million for the 27,216,000 shares [7][8] Group 3 - The payment for the share transfer will be made in two installments, with the first installment of RMB 100 million already paid [8][9] - The second installment of RMB 230.6744 million is due within one month after the confirmation of the share transfer by the China Securities Depository and Clearing Corporation [8][9] - The agreement stipulates that if the transfer is not completed within 90 trading days due to the transferor's reasons, the buyer has the right to terminate the agreement and request a refund of the paid amount [10] Group 4 - The transfer of shares is not expected to adversely affect the company's governance or ongoing operations, as the company maintains a stable management team and normal operations [11] - The company has a sound corporate governance structure and independent operational capabilities, ensuring that the transfer will not harm the interests of other shareholders [11] - The announcement also notes that the completion of the share transfer is subject to uncertainties, and investors are advised to be aware of potential risks [3][11]

| 证券代码：300483 | 证券简称：首华燃气 | 公告编号：2025-061 | | --- | --- | --- | | 债券代码：123128 | 债券简称：首华转债 | | 首华燃气科技（上海）股份有限公司 关于签署《〈股份转让协议〉之补充协议》暨公司控制权拟发生 变更的进展公告 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。 特别提示： 1、2024 年 11 月 26 日，首华燃气科技（上海）股份有限公司（以下简称"公 司""上市公司"）的控股股东赣州海德投资合伙企业（有限合伙）（以下简称 "海德投资"）与刘庆礼签署了《赣州海德投资合伙企业（有限合伙）与刘庆礼 关于首华燃气科技（上海）股份有限公司之股份转让协议》（以下简称"《股份 转让协议》""原协议"），约定海德投资将其所持上市公司股份无限售条件股 份 27,216,000 股以及由此所衍生的所有股东权益和义务全部转让给受让方刘庆 礼（以下简称"原交易"）。 2025 年 9 月 5 日，海德投资与刘庆礼、上海厚得妙景商务咨询有限公司（以 下简称"厚得妙景"）签署《〈股份转让协议〉之补充协 ...