Core Viewpoint - Bank of America Securities has downgraded Kunlun Energy's retail gas volume growth forecast for the year from 8% to 5%, citing limited growth potential [1] Group 1: Financial Performance - Kunlun Energy's net profit after tax for the first half of the year decreased by 4% year-on-year to 3.2 billion RMB, aligning with the bank's expectations, which may disappoint some investors who anticipated flat year-on-year results [1] - The interim dividend increased by 1% year-on-year, with a payout ratio of 45%, meeting expectations [1] Group 2: Profitability and Sales - The pre-tax profit from natural gas and liquefied petroleum gas (LPG) sales declined by 10% and 3% year-on-year, respectively, primarily due to a decrease in unit gross margins and weak retail gas volume growth [1] Group 3: Forecast Adjustments - The forecast for net profit after tax for the fiscal years 2025 to 2027 has been reduced by 6% to 7% [1] - The target price for Kunlun Energy has been lowered from 8.7 HKD to 8.3 HKD, while maintaining a "Neutral" rating [1]

Core Viewpoint - Kunlun Energy's stock dropped over 4% following the release of its mid-year results for 2025, indicating market reaction to the company's performance despite some growth in gas sales and revenue [1] Financial Performance - Natural gas sales reached 29.095 billion cubic meters, a year-on-year increase of 10.05% [1] - Revenue amounted to 97.543 billion yuan, reflecting a year-on-year growth of 4.97% [1] - Shareholder profit was 3.161 billion yuan, a decrease of 4.36% compared to the previous year [1] - Earnings per share were 0.3651 yuan, with an interim dividend of 0.166 yuan per share [1] Business Development - The company is actively responding to changes in the gas industry landscape by engaging in joint ventures and launching new city gas projects [1] - Five new city gas projects were added in the first half of the year, located in Inner Mongolia, Shandong, and Guizhou [1] - The total number of users reached 16.8526 million, with an increase of 398,800 new users, including 389,800 residential users and 9,000 commercial users [1] Sales and Profitability - The natural gas sales business generated revenue of 80.078 billion yuan, a year-on-year increase of 6.06% [1] - Profit before tax was 4.477 billion yuan, showing a decrease of 10.55% year-on-year [1]

天眼查商业履历信息显示，湖北平安电工科技股份公司，成立于2015年，位于咸宁市，是一家以从事计 算机、通信和其他电子设备制造业为主的企业。企业注册资本18550.3165万人民币，实缴资本 13914.9817万人民币。公司法定代表人为潘渡江。 金融界消息 截至2025年8月19日收盘，平安电工（001359）报收于50.35元，下跌3.27%，换手率 18.19%，成交量8.44万手，成交金额4.32亿元。 资金流向方面，今日主力资金净流出2144.70万元，占比成交额4.97%。其中，超大单净流出1284.46万 元、占成交额2.97%，大单净流出860.23万元、占成交额1.99%，中单净流出流入731.35万元、占成交额 1.69%，小单净流入1413.35万元、占成交额3.27%。 平安电工最新一期业绩显示，截至2025一季报，公司营业总收入2.59亿元、同比增长18.00%，归属净利 润5237.29万元，同比增长22.69%，扣非净利润5154.26万元，同比增长21.43%，流动比率5.637、速动比 率4.466、资产负债率15.18%。 通过天眼查大数据分析，湖北平安电工科技股份公司共对外 ...

Group 1: Natural Gas Business - Company achieved natural gas sales volume of 29.095 billion cubic meters, an increase of 10.05% year-on-year [1] - Revenue from natural gas sales reached RMB 80.078 billion, a year-on-year growth of 6.06% [1] - The number of new users added was 398,800, with a total user base of 16.8526 million [1] Group 2: Financial Performance - Total revenue for the company was RMB 97.543 billion, reflecting a year-on-year increase of 4.97% [1] - Shareholder profit attributable to the company was RMB 3.161 billion, a decrease of 4.36% year-on-year [1] - Earnings per share were 36.51 cents, with an interim dividend of 16.6 cents per share [1] Group 3: LPG and LNG Business - LPG sales volume reached 3.0684 million tons, a year-on-year increase of 4.87% [2] - Revenue from LPG was RMB 13.020 billion, showing a slight increase of 1.03% year-on-year [2] - LNG processing and storage business generated revenue of RMB 4.371 billion, a decrease of 1.58% year-on-year, while pre-tax profit increased by 11.41% to RMB 1.836 billion [2]

免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | --- | --- | | | 股票發行人現金股息（可選擇貨幣）公告 | | 發行人名稱 | 昆侖能源有限公司 | | 股份代號 | 00135 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月之中期股息 | | 公告日期 | 2025年8月19日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.166 RMB | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.1791 HKD | | 匯率 | 1 RMB : 1.07 ...

（股份代號：00135.HK） | 業績公佈 | | | | | --- | --- | --- | --- | | 本集團財務業績摘要 | | | | | | | 截至6月30日止六個月 | | | | 2025年 | 2024年 | 變動% | | 天然氣總銷售量 （百萬立方米） | 29,095 | 26,438 | 10.05 | | （百萬立方米） 天然氣零售氣量 | 16,666 | 16,302 | 2.23 | | 人民幣百萬元 | | 人民幣百萬元 | | | 收入 | 97,543 | 92,922 | 4.97 | | 除所得稅費用前溢利 | 6,737 | 7,249 | (7.06) | | 本公司股東應佔本期內溢利 | 3,161 | 3,305 | (4.36) | | 扣除利息、稅項、折舊及攤銷前盈利 （附註1） | 9,523 | 9,915 | (3.95) | | 人民幣分 | | 人民幣分 | | | 每股盈利（基本） | 36.51 | 38.17 | (4.35) | | 每股股息－中期 | 16.60 | 16.41 | 1.16 | 香港交易及結算所有限公司及香 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 昆 侖 能 源 有 限 公 司 KUNLUN ENERGY COMPANY LIMITED (incorporated in Bermuda with limited liability) 有關轉讓於天津壓縮公司之股權的補充公告 於本公告日期，董事會成員包括劉國海先生為主席兼執行董事、錢治家先生為行政總裁兼執行董 事、呂菁女士及戚振忠先生為非執行董事，及辛定華先生、曾鈺成先生及郭志成先生為獨立非執行 董事。 現向股東提供有關天津壓縮公司截至估值日期之經審核資產淨值的進一步背景資料，有關評估乃由 本公司獨立估值師於2024年12月方始作出，而本公司此後一直在尋求合適的時間進行出售事項。本 公司獨立估值師確認，自估值日期起直至出售事項日期，天津壓縮公司之估值並無任何重大變動。 出售事項之財務影響 茲提述昆侖能源有限公司（「本公司」）日期為2025年7月23日有關出售事項之公告（「該公告」）。除非 本公告中另有 ...

茲通告昆侖能源有限公司（「本公司」）將於2025年8月19日（星期二）舉行董事會（「董事會」）會議，藉 以（其中包括）考慮本公司及其附屬公司截至2025年6月30日止六個月的中期業績，及考慮宣派股息 （如有）。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 昆 侖 能 源 有 限 公 司 KUNLUN ENERGY COMPANY LIMITED (incorporated in Bermuda with limited liability) （股份代號：00135.HK） 董事會會議通告 承董事會命 昆侖能源有限公司 公司秘書 謝茂 香港，2025年8月6日 於本公告日期，董事會成員包括劉國海先生為主席兼執行董事、錢治家先生為行政總裁兼執行董 事、呂菁女士及戚振忠先生為非執行董事，及辛定華先生、曾鈺成先生及郭志成先生為獨立非執行 董事。 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 昆侖能源有限公司 | | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00135 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 16,000,000,000 | HKD | | 0.01 | HKD | | 160,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | ...

Group 1 - The Asia Value & Moat Stocks research service targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value, focusing on deep value balance sheet bargains and wide moat stocks [1] - The service emphasizes investment opportunities in the Hong Kong market, providing watch lists and monthly updates for investors [1] - The Value Pendulum specializes in the Asian equity market, with over a decade of experience on both buy and sell sides, indicating a strong expertise in the region [2] Group 2 - The analyst has a beneficial long position in KUNLUN ENERGY (0135.HK), suggesting a personal investment interest in this stock [2] - The article expresses the author's own opinions and does not involve compensation from any company mentioned, indicating an independent analysis [2]