九丰能源：公司拟对外投资建设新疆庆华年产55亿立方米煤制天然气示范项目二期工程

Core Viewpoint - Jiufeng Energy has established a stable pricing capability through a dual resource pool of "offshore gas + onshore gas" and efficient resource allocation, which supports its growth strategy and business layout [2] Group 1: Upstream Resources - The company aims to invest in the second phase of the Xinjiang Qinghua project, which will produce 4 billion cubic meters of coal-to-natural gas annually, to secure cost-effective and stable gas resources [2] - The complete upstream resource pool will consist of equity gas, long-term contract gas, and spot gas to meet the company's strategic development needs [2] Group 2: Midstream and Downstream Operations - The company has established core asset barriers in the midstream sector and operates with high efficiency and low costs [2] - In the downstream sector, Jiufeng Energy is expanding its direct terminal user base and enhancing the matching capability between resource end and client end [2] - The company balances customer interests and its own pricing revenue through various methods such as price linkage, back-to-back transactions, cost-plus pricing, and agreement pricing [2]