| 证券代码：300483 | 证券简称：首华燃气 | 公告编号：2025-078 | | --- | --- | --- | | 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"首华转债"预计触发赎回条件的提示性公告 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。 特别提示： 自 2025 年 11 月 13 日至 2025 年 12 月 3 日，首华燃气科技（上海）股份有 限公司（以下简称"公司"）股票价格已有 10 个交易日的收盘价格不低于"首 华转债"当期转股价格（12.15 元/股）的 130%（含 130%，即 15.795 元/股）。 若在未来触发"首华转债"的有条件赎回条款（即：在转股期内，如果公司A股 股票在连续三十个交易日中至少十五个交易日的收盘价格不低于当期转股价格 的 130%（含 130%）），届时根据《首华燃气科技（上海）股份有限公司向不 特定对象发行可转换公司债券募集说明书》（以下简称《募集说明书》）中有条 件赎回条款的相关规定，公司董事会有权决定是否按照债券面值加当期应计利息 的价 ...

Group 1: Metal Sector - Huaxi Nonferrous is expected to see net profit growth from CNY 6.58 billion in 2024 to CNY 11.40 billion in 2026, with a PE ratio decreasing from 37.28 to 21.52[10] - The company has a projected capacity increase to 0.6 million tons of tin and 1 million tons of antimony by 2027, benefiting from resource consolidation trends in Guangxi[12] Group 2: Construction Materials - Huaxin Cement's net profit is forecasted to rise from CNY 24.16 billion in 2024 to CNY 36.73 billion in 2026, with a PE ratio dropping from 17.21 to 11.32[10] - The company has diversified its growth strategy, focusing on overseas markets and stabilizing its aggregate business[28] Group 3: Transportation - ZTO Express is projected to achieve net profits of CNY 88.17 billion in 2024, increasing to CNY 104.11 billion by 2026, with a PE ratio improving from 13.39 to 11.34[10] - The "anti-involution" measures in the express delivery sector have led to a recovery in profitability, with significant improvements in average ticket prices since August 2025[33] Group 4: Energy Sector - ChuanTou Energy's net profit is expected to grow from CNY 45.08 billion in 2024 to CNY 52.59 billion in 2026, with a PE ratio decreasing from 15.93 to 13.65[10] - The company benefits from its stake in Yalong River Hydropower, which contributes significantly to its earnings[73] Group 5: Chemical Sector - Yara International's net profit is projected to increase from CNY 9.50 billion in 2024 to CNY 39.34 billion in 2026, with a PE ratio decreasing from 42.50 to 10.27[10] - The company is positioned as a leader in overseas potash mining, with significant reserves in Laos[49]

Market Overview - The gas sector increased by 1.15% on November 28, with Delong Huineng leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Key Performers in Gas Sector - Delong Huineng (000593) closed at 11.96, up 6.22% with a trading volume of 506,400 shares and a transaction value of 589 million [1] - Xinjiang Torch (603080) closed at 23.21, up 6.08% with a trading volume of 65,700 shares and a transaction value of 150 million [1] - Shengtong Energy (001331) closed at 14.32, up 5.84% with a trading volume of 64,300 shares and a transaction value of 90.55 million [1] - Other notable performers include Shouhua Gas (300483) up 5.28% and ST Jinjis (000669) up 4.87% [1] Capital Flow Analysis - The gas sector saw a net inflow of 116 million from institutional investors, while retail investors experienced a net outflow of 80.75 million [2] - The main capital inflow was observed in Shouhua Gas with a net outflow of 34.62 million from institutional investors [3] - Ninefeng Energy (605090) had a net inflow of 31.72 million from institutional investors, indicating strong interest [3]

Core Viewpoint - Shouhua Gas has achieved a natural gas production of 423 million cubic meters in the first half of 2025, and with the upcoming production from gas wells in the second half, it is expected to reach its annual target of 900 million cubic meters ahead of schedule [2] Group 1 - The company reported a natural gas production of 423 million cubic meters in the first half of 2025 [2] - The company anticipates that the production from gas wells in the second half will contribute to achieving the annual target [2] - The annual target set by the company is 900 million cubic meters of natural gas [2]

Core Viewpoint - Shouhua Gas reported that as of November 20, 2025, the total number of common shareholders is 23,505 [2] Summary by Category - **Company Information** - Shouhua Gas has a total of 23,505 common shareholders as of the specified date [2] - **Investor Communication** - The company addressed investor inquiries on an interactive platform regarding shareholder numbers [2]

Group 1 - The company has set an annual natural gas production target of 900 million cubic meters for the year [2] - As of the first half of 2025, the company has achieved a production of 423 million cubic meters [2] - With the gradual production of gas wells in the second half of the year, the company is expected to meet its annual target ahead of schedule [2]

Core Viewpoint - Shouhua Gas has shown significant stock price movements, with a year-to-date increase of 58.94%, despite a recent decline of 9.60% over the last five trading days [1] Group 1: Stock Performance - As of November 24, Shouhua Gas's stock price is 15.64 CNY per share, with a market capitalization of 4.25 billion CNY [1] - The stock has experienced a trading volume of 91.08 million CNY, with a turnover rate of 2.17% [1] - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) four times this year, with the latest appearance on November 14, where it recorded a net buy of -19.64 million CNY [1] Group 2: Financial Performance - For the period from January to September 2025, Shouhua Gas reported a revenue of 2.037 billion CNY, reflecting a year-on-year growth of 95.91% [2] - The company recorded a net profit attributable to shareholders of -1.619 million CNY, which is a year-on-year increase of 97.93% [2] Group 3: Company Overview - Shouhua Gas, established on January 8, 2003, and listed on June 30, 2015, is based in Shanghai and primarily engages in natural gas exploration, development, production, and sales [2] - The company operates exclusively in the natural gas sector, with 100% of its revenue derived from this business [2] - Shouhua Gas is categorized under the public utility sector, specifically in gas-related industries, and is associated with concepts such as natural gas, sponge cities, small-cap stocks, and carbon neutrality [2] Group 4: Shareholder Information - As of November 10, the number of shareholders for Shouhua Gas is 20,100, which is a decrease of 7.62% from the previous period [2] - The average number of circulating shares per shareholder is 13,528, an increase of 8.26% from the previous period [2] Group 5: Dividend Information - Since its A-share listing, Shouhua Gas has distributed a total of 20.92 million CNY in dividends, with no dividends paid in the last three years [3]

Market Overview - The gas sector experienced a decline of 1.74% on November 19, with Shengli Co. leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, down 0.0% [1] Individual Stock Performance - Notable performers in the gas sector included: - Xin Ao Co. (600803) with a closing price of 20.71, up 1.07% and a trading volume of 105,500 shares [1] - Shouhua Gas (300483) closed at 16.75, up 0.42% with a trading volume of 315,300 shares [1] - Guizhou Gas (600903) closed at 7.36, up 0.41% with a trading volume of 321,800 shares [1] - Conversely, Shengli Co. (000407) saw a significant drop of 10.00%, closing at 6.03 with a trading volume of 809,500 shares [2] - Other notable declines included: - Changchun Gas (600333) down 8.00% to 6.90 [2] - Xinjiang Torch (603080) down 5.28% to 22.59 [2] Capital Flow Analysis - The gas sector experienced a net outflow of 535 million yuan from main funds, while retail investors contributed a net inflow of 463 million yuan [2][3] - The breakdown of capital flow showed: - New Natural Gas (603393) had a main fund net inflow of 13.43 million yuan but a retail net outflow of 12.62 million yuan [3] - Guizhou Gas (600903) saw a main fund net inflow of 6.56 million yuan, with a retail net inflow of 202,450 yuan [3] - Shengli Co. (000407) had a significant main fund net outflow of 6.76 million yuan [3]

Group 1 - The core point of the news is that Shouhua Gas experienced a decline of 5.03% in its stock price, reaching 16.43 CNY per share, with a trading volume of 589 million CNY and a turnover rate of 12.72%, resulting in a total market capitalization of 4.465 billion CNY [1] - Shouhua Gas Technology (Shanghai) Co., Ltd. was established on January 8, 2003, and went public on June 30, 2015. The company primarily engages in the research, production, and sales of gardening products, as well as natural gas exploration, development, production, and sales [1] - The main business revenue composition of Shouhua Gas is 100% from natural gas operations, with no revenue from other sources [1] Group 2 - According to data from the top ten holdings of funds, Yongying Fund has one fund heavily invested in Shouhua Gas. The Yongying Hejia One-Year Holding Mixed A Fund (017220) held 106,700 shares in the third quarter, accounting for 0.3% of the fund's net value, making it the third-largest holding [2] - The Yongying Hejia One-Year Holding Mixed A Fund was established on December 29, 2022, with a latest scale of 258 million CNY. Year-to-date returns are 4.43%, ranking 6944 out of 8140 in its category, while the one-year return is 6.85%, ranking 6441 out of 8057 [2] Group 3 - The fund manager of Yongying Hejia One-Year Holding Mixed A Fund is Yuan Xu, who has been in the position for 1 year and 203 days. The total asset scale of the fund is 5.266 billion CNY, with the best fund return during the tenure being 8.26% and the worst being 0.12% [3]

Core Viewpoint - The company is focused on enhancing the efficiency and cost-effectiveness of natural gas resource exploration and development in the Shilou West Block through geological understanding, technological innovation, and optimization of plans [1] Group 1 - The company is committed to deepening geological understanding in its exploration efforts [1] - The company emphasizes technological innovation as a key factor in improving project outcomes [1] - The company collaborates with partners to continuously enhance project efficiency and cost optimization [1]