Huan Qiu Lao Hu Cai Jing·2025-09-03 03:36Core Viewpoint - China National Petroleum Corporation (CNPC) is transferring 541 million A-shares to China Mobile Communications Group Co., Ltd. for a consideration of zero, aiming to deepen strategic cooperation and optimize the shareholding structure [1][2]. Group 1: Share Transfer Details - The share transfer represents 0.30% of CNPC's total share capital, reducing CNPC's direct holdings from 1509.24 billion shares (82.46%) to 1503.82 billion shares (82.17%) [1][2]. - Post-transfer, China Mobile Group and its subsidiaries will hold a total of 720 million shares, accounting for 0.39% of CNPC's total share capital [2]. Group 2: Strategic Cooperation - The transfer is part of a broader strategy to enhance collaboration between CNPC and China Mobile, focusing on areas such as information technology integration with the energy sector, digital transformation, 5G applications, and financial capital business [2]. - In January 2024, CNPC and China Mobile signed a strategic cooperation agreement to promote deep integration of new-generation information technology with the energy industry [2]. Group 3: Recent Capital Operations - Recently, CNPC has been active in capital operations, acquiring 100% stakes in three gas storage companies for a total of 400.16 billion yuan [3]. - For the first half of the year, CNPC reported a revenue of 1.45 trillion yuan, a year-on-year decrease of 6.7%, and a net profit of 839.93 billion yuan, down 5.4% year-on-year [3]. - Despite the decline in performance, CNPC plans to distribute a cash dividend of 0.22 yuan per share, totaling 402.65 billion yuan to shareholders [3].