Xin Lang Cai Jing·2025-09-01 14:38Core Viewpoint - Shouhua Gas Technology (Shanghai) Co., Ltd. has recently conducted an investor relations activity with 18 institutions, highlighting significant growth in revenue and profitability in the first half of 2025, driven by increased natural gas production and sales [1] Group 1: Investor Relations Activity - The investor relations activity included specific object research and roadshow events held from August 27-28 and September 1, 2025, at the Shanghai office and via conference calls [1] - Participating institutions included Changjiang Securities, Zheshang Securities, and several asset management firms [1] - The company was represented by the board secretary and deputy general manager, Zhang Qian [1] Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 1.338 billion yuan, a year-on-year increase of 117%, attributed to higher natural gas production and sales [1] - The gross profit margin was approximately 13.6%, up by about 6.8 percentage points year-on-year [1] - Net profit reached 34.61 million yuan, marking a turnaround from a loss, with an increase of approximately 108 million yuan [1] - The company reported a cash flow from operating activities of about 1.9 billion yuan, with total cash and investments around 1.9 billion yuan and a debt-to-asset ratio of approximately 59% [1] Group 3: Operational Highlights - Natural gas production reached 420 million cubic meters, and sales were 640 million cubic meters, representing year-on-year growth of 116% and 109%, respectively [1] - The company completed 31 coalbed methane horizontal wells and put 11 into production, with an additional 2 tight sandstone gas horizontal wells deployed [1] - The pipeline transportation segment benefited from expansion projects, leading to an increase in transportation volume [1] Group 4: Future Outlook - For the second half of 2025, the development segment aims for a daily production rate of 3.2 million cubic meters, with an annual production target of 900 million cubic meters [1] - The pipeline segment is expected to exceed 900 million cubic meters in transportation volume, potentially surpassing 1 billion cubic meters [1] - The company plans to optimize its capital structure and financing costs without adding new financial liabilities this year [1] Group 5: Institutional Questions and Responses - The company anticipates a reasonable scale of subsidies based on production growth, with specific details to be announced [1] - The impact of policies on pipeline transportation pricing is expected to enhance the company's competitive advantage across the entire industry chain [1] - The company is focused on cost reduction through increased production and operational efficiencies [1]