Mei Ri Jing Ji Xin Wen·2025-09-02 17:12Core Viewpoint - China National Petroleum Corporation (CNPC) plans to transfer 541,202,377 shares of its A-shares, representing 0.30% of the total share capital, to China Mobile Communications Group Co., Ltd. through a state-owned share transfer, aiming to deepen strategic cooperation and optimize the equity structure [1][5]. Group 1: Shareholding Changes - Before the transfer, CNPC held 82.46% of the shares, which will decrease to 82.17% post-transfer [3][4]. - China Mobile's shareholding will increase from 0.10% to 0.39% after the transfer [3][4]. Group 2: Strategic Intent and Impact - The transfer is intended to enhance strategic cooperation between CNPC and China Mobile, with no monetary compensation involved, and it will not lead to changes in the controlling shareholder or actual controller of the company [5]. - CNPC stated that the transfer will not significantly impact its normal production and operational activities [5][6]. Group 3: Recent Developments - A strategic cooperation agreement was signed between CNPC and China Mobile on January 4, 2024, focusing on digital transformation, 5G innovation applications, computing power, and artificial intelligence [7]. - The recent launch of a 300 billion parameter Kunlun model represents an upgrade from a previous 70 billion parameter model, showcasing advancements in AI and data management [10]. Group 4: Market Reaction - Following the announcement, CNPC's stock price surged over 4%, reaching a new high for the year at 9.08 CNY per share, with a market capitalization of 1.66 trillion CNY [10]. - China Mobile's stock price is reported at 107.9 CNY per share, with a market capitalization of 2.33 trillion CNY [12].