Workflow
持续拓展天然气能源全产业链 新天然气2024年净利润同比增长13.12%

Core Viewpoint - Xinjiang Xintai Natural Gas Co., Ltd. reported a revenue of 3.777 billion yuan for 2024, a year-on-year increase of 7.40%, and a net profit attributable to shareholders of 1.185 billion yuan, up 13.12% from the previous year, despite a decline in global natural gas prices [1] Group 1: Financial Performance - The company achieved a net profit of 1.185 billion yuan, with a basic earnings per share of 2.8 yuan, reflecting a growth of 13.36% [1] - The non-deductible net profit reached 1.197 billion yuan, marking a 17.79% increase year-on-year [1] Group 2: Business Strategy and Operations - The company focused on the "full natural gas energy industry chain" strategy, achieving significant growth in coalbed methane production and breaking through in conventional and tight gas production [1][2] - Coalbed methane production reached 2.005 billion cubic meters, a 17.66% increase from 1.704 billion cubic meters in the previous year, with total sales of 1.950 billion cubic meters, up approximately 20% [2] Group 3: Project Development and Resource Acquisition - The company acquired control of the Kashgar North project, covering an area of approximately 3,146 square kilometers, enhancing its exploration and production capabilities [3] - The company successfully obtained exploration rights for shale gas in Guizhou, covering about 300 square kilometers, breaking the previous reliance on PSC agreements for resource acquisition [4] Group 4: Future Plans and Industry Positioning - The company aims to enhance its resource acquisition and production capabilities, focusing on oil and gas exploration and coal resources, while participating in the construction of major industrial clusters in Xinjiang [4]