新天然气2025年上半年实现利润总额8.87亿 科威特主权基金新晋十大股东押注全球能源安全布局

Core Insights - New Natural Gas (603393) reported a revenue of 2.038 billion yuan for the first half of 2025, representing a year-on-year increase of 4.46% [1] - The company's total profit reached 888 million yuan, up 9.16% year-on-year, while net profit attributable to shareholders was 622 million yuan, reflecting a 2.81% increase [1] Industry Context - The international supply uncertainty of natural gas has increased, making unconventional natural gas a significant growth point for China's natural gas production, contributing to resource replacement, energy security, and low-carbon transition [1] - The government has introduced various policies to support the development of coal, oil, and natural gas industries, with Xinjiang focusing on energy as a core strategy for building a modern industrial system [1] Company Operations - New Natural Gas holds city gas franchise rights in eight cities in Xinjiang and operates in several key regions for conventional and unconventional natural gas exploration and production, including Shanxi, Ordos, and Tarim basins [1] - The company achieved a total natural gas production of approximately 1.217 billion cubic meters during the reporting period, a year-on-year increase of about 25.33% from 971 million cubic meters [2] - The Shanxi Tongyu pipeline resumed operations in May, expected to enhance connectivity and sales channels for gas sources in the Qinshui Basin [2] Project Developments - The company is advancing its coal resource development in the Santanghu mining area, with exploration rights obtained and a detailed exploration report expected by the end of November [2] - The company is establishing China's first "Deep Coal-to-Gas Industrialization Demonstration Zone" in Gansu, utilizing new technology routes for deep coal gasification [3] - The Santanghu project aims to integrate coal chemical processes with carbon capture and utilization (CCUS), aligning with national carbon reduction strategies and enhancing economic benefits [3] Shareholder Activity - Notable new shareholders include Xinda Securities and the Kuwait Investment Authority, indicating strong interest in the company's strategic direction and operational layout [3]