消息面上，中泰股份在前一晚发布的减持公告显示，公司董事兼总经理章有虎拟减持300万股，董事兼 财务总监唐伟、董事兼董事会秘书周娟萍、董事俞富灿和董事刘晓庆分别计划减持5.7万股、11万股、 3.6万股和0.75万股。 9月29日，中泰股份开盘跳水，盘中一度跌超6%，截至午盘，跌幅收窄至3.76%，报20.21元/股。 上述五位董事及高管计划合计减持不超过321.05万股，占公司总股本的0.83%，减持原因均为个人资金 需求。按照9月26日收盘价元测算，本次套现金额约合6742.05万元。 值得注意的是，本次董监高集中减持恰逢中泰股份股价高位，截至9月26日，中泰股份年内涨幅已达 76.38%。此外，在本次减持公告发布前的9月23日，中泰股份刚在机构调研中透露前三季度净利润预计 增长超70%，且本次减持执行期均安排在2025年10月28日至2026年1月27日，紧随三季报发布后的窗口 期。 业绩上，中泰股份近期面临一定压力。财务数据显示，公司2024年营收27.17亿元，同比减少10.86%； 归母净利润亏损0.78亿元，同比大跌122.27%，为公司上市以来首次亏损。2025年上半年，公司虽归母 净利润1.3 ...

Core Viewpoint - *ST Haihua is undergoing a strategic transformation through acquisitions in the clean energy sector, driven by the need to improve financial performance and avoid delisting risks [1][4]. Group 1: Acquisition Details - *ST Haihua's subsidiary, Mangya Yuanzin, plans to acquire 100% of Bazhou Luxin Dingsheng Gas Co., Ltd. for 43 million yuan, focusing on CNG and LNG services [2]. - The acquisition target is strategically located in Xinjiang, enhancing its operational potential due to its advantageous geographical position [2]. - Additionally, *ST Haihua intends to acquire 51% of Ruoqiang Yuanzin Energy Co., Ltd. for 422.11 thousand yuan, which also operates in the CNG and LNG sector [3]. Group 2: Financial Context - The company faces significant financial challenges, with revenues declining from 535 million yuan in 2022 to an expected 237 million yuan in 2024, alongside a projected loss of 89.93 million yuan [4]. - The need for new business ventures is critical to improve performance and avoid delisting due to continuous losses [4]. Group 3: Strategic Challenges - The transition from traditional industrial manufacturing to natural gas operations presents substantial challenges, including weak synergies in technology, supply chain, and customer resources [5]. - Regulatory constraints in the natural gas industry limit profit margins, posing additional risks to the profitability of the acquired companies [5]. - The lack of disclosure regarding key parameters such as the duration of operating licenses and user coverage makes it difficult for the market to assess the long-term value of the acquisitions [5].

Company Overview - Huibo Technology is an international comprehensive solution service provider for oil and gas resource development and utilization, focusing on providing efficient and clean energy solutions to global clients [1] - The main business includes oil and gas engineering and operation services (EPCC), environmental engineering and services, and oil and gas resource development and utilization [1] Business Segments Oil and Gas Engineering and Services - The company provides EPCC contracting services centered on oil and gas field surface engineering, including technology research and development, system design, equipment provision, and engineering technical services [2] - The company has established a complete technology and product system in this field, focusing on energy-efficient and environmentally friendly oil, gas, and water treatment equipment [2] Environmental Engineering and Services - The environmental business covers technology research and development, equipment production, engineering design and contracting, and project financing and operation [4] - The company has expanded into municipal environmental services, focusing on wastewater treatment and air pollution control, which has accelerated its strategic transformation [4] Oil and Gas Resource Development and Utilization - The wholly-owned subsidiary, Beijing Huayou Kesi Energy Management Co., specializes in urban gas and LNG business, managing multiple subsidiaries across various regions [5] Financial Performance - In the reporting period, the company achieved operating revenue of 2.608 billion yuan, a decrease of 26.05% year-on-year, and a net profit attributable to shareholders of -190.98 million yuan, a decline of 281.40% [6] - The oil and gas engineering and services segment accounted for 76.40% of total revenue, generating 1.993 billion yuan, down 31.62% year-on-year due to reduced new orders and project delays [7] - The environmental engineering and services segment saw revenue of 91.30 million yuan, up 22.49% year-on-year, primarily due to stable operations in overseas oilfield environmental projects [8] - The oil and gas resource development and utilization segment generated 524.16 million yuan, a slight decrease of 2.62% year-on-year, mainly due to reduced gas sales from industrial clients [9] Future Outlook - The company anticipates challenges in the international market due to geopolitical conflicts and increased competition, which may impact its operational performance in 2024 [6] - The company plans to focus on carbon capture, utilization, and storage (CCUS) and new energy businesses to align with national carbon reduction goals [2]