根据中审众环会计师事务所（特殊普通合伙）出具的 2024 年度审计报告，截 至 2024 年 12 月 31 日，母公司未分配利润为-93,931,354.61 元，盈余公积 218,872,223.24 元，资本公积 1,705,207,747.62 元。 证券代码：603393 证券简称：新天然气 公告编号：2025-031 新疆鑫泰天然气股份有限公司 关于使用盈余公积弥补亏损的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 为深入贯彻落实国务院《关于加强监管防范风险推动资本市场高质量发展的若 干意见》、中国证券监督管理委员会《关于加强上市公司监管的意见(试行)》等法 律、法规要求，积极推动公司高质量发展，提升投资者回报能力和水平，保护投资 者特别是中小投资者的合法权益，公司拟依据《中华人民共和国公司法》（以下简 称"《公司法》"）、财政部《关于公司法、外商投资法施行后有关财务处理问题 的通知》等法律、法规及规范性文件以及《公司章程》的相关规定使用盈余公积弥 补亏损，进一步推动公司符合法律、法规和《公司章程》规定的利 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：603393 证券简称：新天然气 公告编号：2025-032 新疆鑫泰天然气股份有限公司 关于召开2025年第二次临时股东大会的通知 重要内容提示： 一、 召开会议的基本情况 (一)股东大会类型和届次 2025年第二次临时股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合 的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 10 月 16 日15 点 00 分 召开地点：山西省晋城市沁水县嘉峰镇郭北村美中能源有限公司会议室 (五)网络投票的系统、起止日期和投票时间。 股东大会召开日期：2025年10月16日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投 票系统 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 10 月 16 日 至2025 年 10 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 股东大会 ...

证券代码：603393 证券简称：新天然气 公告编号：2025-030 新疆鑫泰天然气股份有限公司 第五届监事会第六次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 新疆鑫泰天然气股份有限公司（以下简称"公司"）第五届监事会第六次 会议的通知于 2025 年 9 月 30 日以电子邮件的方式发出，因情况紧急需要召开 董事会临时会议，全体董事同意本次董事会会议豁免通知时限要求。本次会议 于 2025 年 9 月 30 日以通讯的方式召开，会议应出席监事 3 人，实际出席 3 人。会议由监事会主席黄敏先生主持，符合《公司法》《公司章程》《监事会 议事规则》的有关规定。会议经审议表决，一致通过以下决议： 特此公告。 新疆鑫泰天然气股份有限公司监事会 2025 年 10 月 1 日 经与会监事表决，审议通过该议案。具体内容详见公司同日在上海证券交 易所网站（www.sse.com.cn）披露的《新疆鑫泰天然气股份有限公司关于使用 盈余公积弥补亏损的公告》。 表决结果：同意票 3 票、反对票 0 票、弃权票 0 票。 二、 ...

证券代码：603393 证券简称：新天然气 公告编号：2025-029 新疆鑫泰天然气股份有限公司 第五届董事会第六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本次会议由董事长明再远先生主持，公司监事会成员及部分高级管理人员 列席了会议，符合《公司法》和《公司章程》有关规定，会议合法有效。 二、审议《关于提议召开 2025 年第二次临时股东大会的议案》 经与会董事表决，审议通过该议案。提议公司于 2025 年 10 月 16 日召开 2025 年第二次临时股东大会。 表决结果：同意票 9 票、反对票 0 票、弃权票 0 票。 特此公告。 新疆鑫泰天然气股份有限公司（以下简称"公司"）第五届董事会第六次 会议的通知于 2025 年 9 月 30 日以电子邮件方式发出，因情况紧急需要召开董 事会临时会议，全体董事同意本次董事会会议豁免通知时限要求。本次会议于 2025 年 9 月 30 日以通讯方式召开，会议应出席董事 9 人，实际出席 9 人。 具体内容详见公司同日在上海证券交易所网站（www.sse.com ...

Core Viewpoint - The gas industry is experiencing stable prices due to sufficient inventory in the US, progress in European storage, and slow recovery in domestic demand [1][2]. Price Tracking - As of September 26, 2025, the week-on-week price changes for various gas prices are as follows: US HH -0.1%, Europe TTF +1.2%, East Asia JKM -0.6%, China LNG ex-factory -0.1%, and China LNG CIF -2.1%, with prices at 0.7, 2.8, 2.9, 2.7, and 2.8 CNY per cubic meter respectively [2][3]. Supply and Demand Analysis - Inventory is sufficient in the US, with average total supply decreasing by 0.1% week-on-week to 111.7 billion cubic feet per day, while total demand increased by 2.7% to 101.3 billion cubic feet per day [3]. - In Europe, gas prices increased by 1.2% week-on-week, with total gas consumption from January to June 2025 at 240.8 billion cubic meters, a year-on-year increase of 5.8% [3]. - Domestic gas prices decreased by 0.1% week-on-week, with apparent consumption from January to August 2025 at 283.2 billion cubic meters, a year-on-year increase of 0.8% [3]. Pricing Progress - From 2022 to August 2025, 65% of cities have implemented residential pricing adjustments, with an increase of 0.21 CNY per cubic meter [4]. Investment Recommendations - For 2025, the industry is expected to see relaxed supply, cost optimization for gas companies, and continued price mechanism adjustments. Key recommendations include companies like Xinao Energy, China Resources Gas, and Kunlun Energy, with attention to companies with quality long-term contracts and cost advantages [5].

Industry Insights - The Ministry of Industry and Information Technology and seven other departments have issued a plan for stabilizing growth in the non-ferrous metals industry, targeting an average annual growth of around 5% in value-added output from 2025 to 2026, and a 1.5% annual increase in the production of ten non-ferrous metals [1] - The industrial profits of large-scale enterprises showed significant improvement, with a year-on-year growth of 20.4% in August, reversing a previous decline of 1.5% [4] - The government is focusing on stabilizing the petrochemical and chemical industries, recommending investments in leading companies with stable performance and high dividends, such as China Petroleum and China Petrochemical [11] Company Developments - The IPO application of Moore Threads has been approved, aiming to raise 8 billion yuan, potentially becoming the largest IPO on the Sci-Tech Innovation Board this year, indicating strong support for domestic high-performance GPU and AI computing chip companies [2] - Ningbo Huaxiang has signed a patent licensing agreement with Jilin University for the industrialization of PEEK technology, which is a positive development for the company [12] - Several companies, including Jin Haitong and United Precision, are planning to reduce their shareholdings, which may impact investor sentiment [12][13] Macro Trends - The People's Bank of China is enhancing monetary policy adjustments to maintain stability in the capital markets, suggesting a proactive approach to economic management [3] - The implementation of "Artificial Intelligence + Transportation" is expected to create new opportunities in the intelligent driving industry, leveraging advanced technologies for real-time monitoring and assessment of infrastructure [10]

Investment Rating - The report recommends a "Buy" rating for major companies in the oil and gas sector, including China National Petroleum Corporation, China Petroleum & Chemical Corporation, China National Offshore Oil Corporation, Zhongman Petroleum, and New Natural Gas [4]. Core Views - The ongoing conflict between Ukraine and Russia has led to increased oil prices due to attacks on Russian oil facilities, impacting supply chains and causing fuel shortages in Russia [1][8]. - Iraq's oil production and export flexibility are expected to improve, which may enhance compliance with OPEC+ production quotas in the short term [1]. - The report anticipates that oil prices will remain volatile in the short term due to geopolitical factors and OPEC+'s concentrated pricing power [1][8]. Summary by Sections Industry Investment Rating - The report provides a "Buy" recommendation for key players in the oil and gas sector, highlighting their stable performance and high dividend yields [4]. Market Overview - As of September 26, 2025, Brent crude oil futures settled at $70.13 per barrel, up 5.17% week-on-week, while WTI futures settled at $65.72 per barrel, up 4.85% [9][36]. - The U.S. crude oil production increased to 13.5 million barrels per day, with refinery throughput rising to 16.48 million barrels per day [9][10]. Company Performance - The report highlights the performance of various companies, with China National Petroleum Corporation, China Petroleum & Chemical Corporation, and China National Offshore Oil Corporation being recommended for their strong fundamentals and dividend policies [4][12]. Oil Supply and Demand - U.S. crude oil inventories decreased, with commercial crude oil stocks at 41.475 million barrels, down 61,000 barrels week-on-week [10]. - The report notes that geopolitical tensions and OPEC+ decisions will continue to influence oil supply and demand dynamics [1][8]. Natural Gas Market - The NYMEX natural gas futures price closed at $2.86 per million British thermal units, down 1.99% week-on-week, while Northeast Asia's LNG price was $11.21 per million British thermal units, down 3.25% [9][44].

Core Viewpoint - Russia anticipates that the Sakhalin-3 natural gas project will commence operations in 2028 [1] Group 1 - The Sakhalin-3 project is a significant development in Russia's natural gas sector [1] - The project is expected to enhance Russia's natural gas production capacity [1] - The timeline for the project's operational start is set for 2028, indicating a long-term investment strategy [1]

Market Overview - On September 22, the gas sector experienced a slight decline of 0.05%, with Tress leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Dazhong Public Utilities (600635) saw a significant increase of 9.98%, closing at 5.51 [1] - Other notable gainers included Zhutong Gas (605169) with a 3.74% increase, and Xinjiang Torch (603080) with a 1.96% increase [1] - Tress (834014) led the declines with a drop of 4.01%, closing at 13.66 [2] - Jiufeng Energy (605090) and ST Jinj Chicken (000669) also experienced declines of 3.41% and 2.68%, respectively [2] Trading Volume and Capital Flow - The gas sector saw a net inflow of 132 million yuan from institutional investors, while retail investors experienced a net outflow of 87.12 million yuan [2][3] - Dazhong Public Utilities attracted the highest net inflow from institutional investors at 1.49 billion yuan, representing 11.54% of its trading volume [3] - Blue Sky Gas (605368) and Xinjiang Torch (603080) also had notable net inflows of 25.34 million yuan and 12.14 million yuan, respectively [3]

Investment Rating - The report maintains an "Overweight" rating for the gas industry [1] Core Views - The report highlights that the U.S. is expected to experience a temperature drop, leading to reduced cooling demand, while European storage is progressing and domestic demand is slowly recovering, resulting in relatively stable gas prices across regions [1][10] - It emphasizes the ongoing price adjustments in the domestic market, with a focus on the gradual implementation of pricing reforms that enhance profitability for city gas companies [35] Price Tracking - As of September 19, 2025, the weekly price changes for various gas markets are as follows: U.S. HH -0.2%, European TTF -0.7%, East Asia JKM +0.1%, China LNG ex-factory -0.8%, and China LNG CIF +0.7%, with prices at 0.7, 2.8, 2.9, 2.7, and 2.9 CNY/m³ respectively [5][10] - The average total supply of natural gas in the U.S. decreased by 0.5% week-on-week to 1,118 billion cubic feet per day, while total demand fell by 1.1% to 985 billion cubic feet per day [14] Supply and Demand Analysis - The report indicates that the average natural gas consumption in China for the first seven months of 2025 increased by 0.3% year-on-year to 246.1 billion cubic meters, attributed to warmer winter conditions in 2024 affecting heating demand [26] - In Europe, natural gas consumption for the first half of 2025 was 240.8 billion cubic meters, reflecting a year-on-year increase of 5.8% [17] Pricing Progress - Nationwide, 65% of cities have implemented residential pricing adjustments, with an average increase of 0.21 CNY/m³, indicating a trend towards improved profitability for city gas companies [35] Investment Recommendations - The report recommends focusing on companies that can optimize costs and benefit from the ongoing pricing reforms, highlighting key companies such as New Hope Energy, China Resources Gas, and Kunlun Energy, among others [50] - It also suggests monitoring companies with quality long-term contracts and flexible scheduling capabilities, such as Jiufeng Energy and New Hope Holdings [50]