Guo Ji Jin Rong Bao·2025-09-03 08:36Core Viewpoint - The cooperation between China National Petroleum Corporation (CNPC) and China Mobile has deepened, with CNPC transferring 541 million A-shares (0.30% of total share capital) to China Mobile to optimize their equity structure and enhance strategic collaboration [1]. Group 1: Share Transfer Details - CNPC will reduce its shareholding in the listed company from 82.62% to 82.33%, while China Mobile's stake will increase from 0.10% to 0.39% following the transfer [1]. - The share transfer is a state-owned equity transfer and does not involve a takeover, nor will it change the controlling shareholder or actual controller of the company [1]. - The transfer agreement has been signed and is pending approval from the State-owned Assets Supervision and Administration Commission [1]. Group 2: Background and Purpose of Cooperation - The share transfer aims to deepen strategic cooperation between CNPC and China Mobile, expanding collaboration areas and achieving mutual benefits [1]. - Both companies are major state-owned enterprises, with CNPC projected to generate revenue of 2.94 trillion in 2024 and China Mobile expected to reach 1.04 trillion [1]. Group 3: Previous Collaborations - Prior to the share transfer, CNPC and China Mobile signed a strategic cooperation agreement on January 4, 2024, focusing on areas such as digital transformation, 5G applications, and financial capital [2]. - In May 2024, CNPC and China Mobile, along with other companies, signed an agreement to jointly develop the Kunlun large model for artificial intelligence, specifically for the energy and chemical sectors [2]. Group 4: Future Developments - In November 2024, China Mobile assisted CNPC in launching a 700 billion parameter Kunlun large model, followed by a full-stack domestic private deployment in February 2025 [3]. - By May 2025, the parameters of the Kunlun model were significantly enhanced, with language model parameters increasing from 700 billion to 3000 billion, and visual model parameters from 3 billion to 44 billion [3].