Huan Qiu Lao Hu Cai Jing·2025-08-27 06:40Core Insights - China National Petroleum Corporation (CNPC) announced a significant asset acquisition worth over 40 billion yuan, aimed at enhancing the stability and competitiveness of its natural gas supply chain [1] - The company also reported its 2025 semi-annual performance, showing a decline in overall revenue and profit, but highlighted growth in natural gas sales [2][3] Group 1: Asset Acquisition - CNPC's subsidiary, Taihu Company, plans to establish three joint ventures to acquire 100% equity in three gas storage companies for a total of 400.16 billion yuan [1] - The acquisition will add 10.97 billion cubic meters of working gas capacity, improving the company's peak-shaving ability and overall efficiency of the supply chain [1] - The transaction is expected to significantly reduce related party transactions between CNPC and its group companies [1] Group 2: Financial Performance - As of the end of 2024, the three acquired gas storage companies reported net assets of 13.069 billion yuan, 7.904 billion yuan, and 10.467 billion yuan, with combined revenues of 4.643 billion yuan and net profits of 1.858 billion yuan [2] - In the first half of 2025, CNPC's total revenue was 1.45 trillion yuan, a decrease of 6.7% year-on-year, while net profit fell by 5.4% to 839.93 billion yuan [2] - Despite the overall decline, natural gas sales increased by 2.9% to 151.495 billion cubic meters, with domestic sales growing by 4.2% [2] Group 3: Shareholder Returns - CNPC plans to distribute a cash dividend of 0.22 yuan per share, totaling 40.265 billion yuan, to reward shareholders despite the challenging financial environment [3]