蓝焰控股：增储上产与科技创新双轮驱动，能源保障能力持续提升

Core Viewpoint - Blue Flame Holdings (000968.SZ) reported a stable performance in 2024, achieving a coalbed methane sales volume of 1.262 billion cubic meters, operating revenue of 2.266 billion yuan, and a net profit attributable to shareholders of 434 million yuan, while actively responding to the national "dual carbon" development strategy [1] Group 1: Production and Resource Management - The company completed drilling 144 wells and put 151 wells into operation in 2024, adhering to the "one well, one strategy" principle to enhance production from both existing and new wells [2] - Blue Flame Holdings successfully increased proven geological reserves by 5.722 billion cubic meters and expanded the proven gas-bearing area by 38.3 square kilometers, solidifying its resource base [3] - The company has obtained 23 mining rights for coalbed methane, covering a total area of 2,501.454 square kilometers, with proven geological reserves of 53.191 billion cubic meters [3] Group 2: Technological Innovation - The company invested 90 million yuan in R&D in 2024, focusing on key technologies such as deep coalbed methane development and damage-free fracturing, achieving 19 research projects and obtaining 23 patents [4][6] - Blue Flame Holdings has established three core technology systems: integrated coal mining and gas extraction, deep coalbed methane development, and gas extraction from mined-out areas, enhancing its competitive edge [4][5] Group 3: Operational Efficiency and Reform - The company has implemented a comprehensive risk-control system and streamlined 854 institutional processes, resulting in improved operational efficiency [7] - Blue Flame Holdings has been recognized as a "Double Hundred Enterprise" for two consecutive years, showcasing its commitment to reform and operational excellence [7] Group 4: Strategic Expansion and Future Outlook - The company is advancing its "going out" strategy, successfully completing all tasks for the water creek project in Xinjiang and seeking collaboration with enterprises in other provinces [8] - Looking ahead to 2025, Blue Flame Holdings aims to enhance its position as a leader in the coalbed methane industry and a top clean energy supplier, focusing on resource expansion and digital transformation [8]