Xin Lang Cai Jing·2025-12-01 01:17Core Viewpoint - China National Petroleum Corporation (CNPC) has experienced a decline in stock price and trading volume, with significant changes in financing and margin trading activities [1][2]. Financing Summary - On November 28, CNPC's stock price fell by 1.02%, with a trading volume of 730 million yuan. The financing buy-in amounted to 49.09 million yuan, while financing repayment was 48.34 million yuan, resulting in a net financing buy of 0.76 million yuan [1]. - As of November 28, the total financing and margin trading balance for CNPC was 1.995 billion yuan, with a financing balance of 1.976 billion yuan, representing 0.13% of the circulating market value, which is below the 10% percentile level over the past year [1]. - In terms of margin trading, CNPC repaid 106,600 shares on November 28, with a margin sell of 24,300 shares, amounting to 236,900 yuan at the closing price. The remaining margin balance was 201,700 shares, with a margin balance of 19.67 million yuan, exceeding the 70% percentile level over the past year [1]. Company Overview - CNPC, established on November 5, 1999, and listed on November 5, 2007, is headquartered in Beijing and engages in various sectors including oil and gas exploration, production, refining, and sales, as well as new energy and chemical products [2]. - The revenue composition of CNPC includes refining products (69.64%), crude oil (43.27%), natural gas (39.98%), chemical products (8.78%), and other segments [2]. - As of September 30, 2025, CNPC reported a total revenue of 2.169 trillion yuan, a year-on-year decrease of 3.86%, and a net profit attributable to shareholders of 126.28 billion yuan, down 4.71% year-on-year [2]. Dividend and Shareholder Information - CNPC has distributed a total of 875.28 billion yuan in dividends since its A-share listing, with 247.08 billion yuan distributed over the past three years [3]. - As of September 30, 2025, the top ten circulating shareholders included China Securities Finance Corporation with 1.02 billion shares, while Hong Kong Central Clearing Limited reduced its holdings by 336 million shares [3].