证券时报·2025-09-02 15:42Core Viewpoint - China National Petroleum Corporation (CNPC) is transferring 541 million A-shares to China Mobile Group, which will increase China Mobile's total holdings in CNPC to 720 million shares, representing 0.39% of the total share capital [1][2]. Shareholding Structure - Before the transfer, CNPC held 1509.2 billion A-shares (82.46% of total share capital) and 29.2 million H-shares (0.16%) through its subsidiary [1]. - After the transfer, CNPC will hold 1503.82 billion A-shares (82.17%) and maintain its H-share holdings, while China Mobile will hold 541 million A-shares (0.30%) and 1.79 million H-shares (0.10%) [2]. Market Performance - On September 2, CNPC's A-shares rose over 4%, with a total market capitalization of 1.62 trillion yuan [3]. - The company's half-year report indicated a revenue of 1,450.099 billion yuan, a decrease of 6.7% year-on-year, and a net profit of 84.007 billion yuan, down 5.4% [3]. Dividend Policy - CNPC announced a mid-term dividend of 0.22 yuan per share for 2025, with a total payout of approximately 402.65 billion yuan, reflecting the company's commitment to shareholder returns [4]. Strategic Acquisitions - CNPC plans to acquire three gas storage facilities for a total of 40.016 billion yuan, which will enhance its natural gas supply chain and storage capacity [3].