Xin Lang Cai Jing·2025-09-03 00:48Core Viewpoint - China National Petroleum Corporation (CNPC) is transferring approximately 541 million A-shares (0.30% of total share capital) to China Mobile Group to deepen strategic cooperation and optimize shareholding structure [1][4][5]. Group 1: Share Transfer Details - The transferring party is CNPC, while the receiving party is China Mobile Group [4]. - Before the transfer, CNPC held 150,923,565,570 A-shares (82.46% of total share capital) and 291,518,000 H-shares (0.16% of total share capital) through its wholly-owned subsidiary [4]. - After the transfer, CNPC will hold 150,382,363,193 A-shares (82.17% of total share capital) and maintain its H-shares [5]. - China Mobile Group will hold 541,202,377 A-shares (0.30% of total share capital) and 178,794,300 shares (0.10% of total share capital) through its subsidiary [5]. Group 2: Strategic Intent and Financial Impact - The transfer aims to deepen strategic cooperation and achieve complementary advantages without significantly impacting normal operations [6]. - The transfer price is set at zero, and it does not involve a tender offer or change in control of the company [6]. Group 3: Financial Performance - For the first half of 2025, the company reported a revenue of 1.45 trillion RMB, a decrease of 6.7% year-on-year [8]. - Oil and gas, along with new energy businesses, generated a revenue of 422.67 billion RMB, down 6.3% year-on-year [8]. - The net profit attributable to shareholders was 84.01 billion RMB, a decline of 5.4% year-on-year, while net cash flow from operating activities increased by 4% to 227.06 billion RMB [8]. - The board has proposed an interim dividend of 0.22 RMB per share, totaling 40.26 billion RMB, maintaining a historically high level [8].