Xin Lang Cai Jing·2025-12-02 05:13Core Viewpoint - China National Petroleum Corporation (CNPC) shows mixed financial performance with a slight decrease in revenue and net profit, while its stock performance indicates low financing balance and high short-selling activity [1][2][3] Financing Summary - On December 1, CNPC's stock rose by 2.15% with a trading volume of 1.135 billion yuan - The financing buy-in amount was 126 million yuan, while financing repayment was 138 million yuan, resulting in a net financing outflow of 12.01 million yuan - As of December 1, the total financing and securities lending balance was 1.986 billion yuan, with a financing balance of 1.964 billion yuan, accounting for 0.12% of the circulating market value, which is below the 10% percentile level over the past year [1] Short Selling Summary - On December 1, CNPC repaid 31,400 shares in short selling and sold 231,200 shares, amounting to 2.3028 million yuan based on the closing price - The remaining short-selling volume was 2.2168 million shares, with a short-selling balance of 22.0793 million yuan, exceeding the 80% percentile level over the past year, indicating a high level of short interest [1] Company Overview - CNPC, established on November 5, 1999, and listed on November 5, 2007, is headquartered in Beijing and engages in oil and gas exploration, production, refining, and sales, as well as new energy and chemical products [2] - The revenue composition includes refining products (69.64%), crude oil (43.27%), natural gas (39.98%), chemical products (8.78%), and other sales [2] Financial Performance - For the period from January to September 2025, CNPC reported a revenue of 2.169256 trillion yuan, a year-on-year decrease of 3.86% - The net profit attributable to shareholders was 126.279 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 in the last three years - As of September 30, 2025, the number of shareholders was 503,900, an increase of 4.46% from the previous period, with an average of 324,618 circulating shares per shareholder, a decrease of 4.33% [3]