Xin Lang Cai Jing·2026-01-16 01:20Core Viewpoint - China National Petroleum Corporation (CNPC) has shown fluctuations in its stock performance and financing activities, indicating a mixed sentiment among investors and potential challenges in revenue generation [1][2]. Group 1: Stock Performance - On January 15, CNPC's stock rose by 1.22%, with a trading volume of 1.937 billion yuan [1]. - The financing buy-in amount for CNPC on the same day was 90.3494 million yuan, while the financing repayment was 255 million yuan, resulting in a net financing outflow of 165 million yuan [1]. - As of January 15, the total financing and securities lending balance for CNPC was 1.746 billion yuan, with a financing balance of 1.726 billion yuan, representing 0.11% of the circulating market value, which is below the 10% percentile level over the past year [1]. Group 2: Financing Activities - On January 15, CNPC had a securities lending repayment of 59,100 shares and a securities lending sell-out of 208,600 shares, amounting to a sell-out value of approximately 2.0797 million yuan [1]. - The remaining securities lending volume was 1.9799 million shares, with a securities lending balance of 19.7396 million yuan, which exceeds the 60% percentile level over the past year, indicating a relatively high position [1]. Group 3: Company Overview - CNPC, established on November 5, 1999, and listed on November 5, 2007, is primarily engaged in the exploration, development, production, transportation, and sales of crude oil and natural gas, as well as renewable energy [2]. - The company's revenue composition includes refining products (69.64%), crude oil (43.27%), natural gas (39.98%), chemical products (8.78%), and other sales [2]. - As of September 30, 2025, CNPC reported a total revenue of 2.169256 trillion yuan, a year-on-year decrease of 3.86%, and a net profit attributable to shareholders of 126.279 billion yuan, down 4.71% year-on-year [2]. Group 4: Shareholder Information - CNPC has distributed a total of 875.28 billion yuan in dividends since its A-share listing, with 247.078 billion yuan distributed over the past three years [3]. - As of September 30, 2025, the top ten circulating shareholders included China Securities Finance Corporation, holding 1.020 billion shares, while Hong Kong Central Clearing Limited reduced its holdings by 336 million shares [3]. - The Huaxia SSE 50 ETF and Huatai-PineBridge CSI 300 ETF also saw reductions in their holdings, indicating a shift in institutional investment [3].