股价刷新近一年低点 蓝天燃气获控股股东增持

Core Viewpoint - Blue Sky Gas is experiencing a decline in stock price and operational performance, prompting its controlling shareholder to initiate a share buyback to boost investor confidence and support the company's long-term development [1][2]. Group 1: Stock Performance and Buyback Plan - As of June 19, Blue Sky Gas's stock price fell to 9.79 CNY per share, with a low of 9.72 CNY on June 17, marking the lowest point since February of the previous year [1]. - The controlling shareholder, Henan Blue Sky Group, plans to buy back shares worth between 100 million CNY and 150 million CNY, with a maximum of 2% of the total share capital [1]. - The buyback will be executed without a set price range, depending on market conditions and the perceived value of the stock [1]. Group 2: Business Operations and Financial Performance - Blue Sky Gas operates in the mid to downstream sectors of the natural gas industry, primarily in pipeline and urban gas services in Henan Province [2]. - The company reported a decline in revenue and net profit for 2024, attributed to delayed price adjustments for residential gas and a strategy to maintain market share through a tailored pricing mechanism [2]. - Despite the downturn, the company continues to expand its business operations [3]. Group 3: Strategic Expansion and Acquisition - In 2022, Blue Sky Gas announced a plan to acquire a 52% stake in Changge Blue Sky New Energy, which will become a wholly-owned subsidiary upon completion of the deal [3]. - The acquisition is expected to add over 100 million cubic meters of urban gas sales annually and enhance the company's distribution capabilities [3]. - Financial projections for Changge Blue Sky show a steady increase in net profit from 57.92 million CNY in 2022 to 68.88 million CNY in 2024, exceeding performance commitments [3].