证券日报网讯 12月17日，蓝焰控股（000968）在互动平台回答投资者提问时表示，公司拥有4个子公 司，1个分公司。科创分公司的功能定位主要是推动公司实现数智化转型和区域煤层气资源统筹与市场 拓展。公司成长性主要体现在地域优势和技术优势，公司煤层气开发区块主要位于沁水盆地和鄂尔多斯 盆地东缘，是国家规划煤层气产业发展的重点地区；构建起了从地质勘查到生产排采的全链条技术优 势，形成了采煤采气一体化等三大技术体系，主导制定多项国家标准，多项技术成果被列为行业示范， 成为国内煤层气开发领域的技术标杆，持续发挥着科技创新平台示范引领作用。公司客户目前集中在山 西省内，正在逐步开发河南、安徽、江苏等省外市场。2026年，公司将继续专注煤层气勘探开发与煤矿 瓦斯治理主业，通过施工加密井、薄煤层井、低产老井升级改造等途径推动晋城区域浅部区块稳产保 产，加快武乡、横岭等中深部区块勘探开发，深化央企开发合作，持续推广采煤采气一体化瓦斯治理模 式，继续推行数智化转型、全面预算管理、清收清欠、降本增效、合规治理等专项行动，促进公司高质 量发展。 ...

Core Viewpoint - Blue Flame Holdings (000968) has made significant progress in coalbed methane exploration and production during the 14th Five-Year Plan period, focusing on technological innovation and resource development [1][2] Group 1: Achievements During the 14th Five-Year Plan - The company has achieved a coordinated advancement in rolling exploration and key block construction, enhancing its self-sourced gas supply capacity [1] - Blue Flame Holdings has implemented an innovative thin coal seam dense well project, providing new ideas for efficient resource utilization in coalbed methane development [1] - The company has established an integrated platform for seismic, geological, and engineering operations in mid-deep exploration areas, facilitating integrated design, construction, production operation, and economic evaluation [1] - A unique coalbed methane extraction technology system has been developed for mining subsidence areas, reducing safety production risks and methane emissions, earning the second prize of the China Coal Industry Science and Technology Award and the first prize of the Shanxi Provincial Science and Technology Progress Award [1] - The company has successfully executed its first large-scale EPC project outside the province, completing the construction of 21 coalbed methane wells in the Water Creek area, supporting the coalbed methane industry development in Changji Prefecture, Xinjiang [1] Group 2: Future Development Strategy - Blue Flame Holdings aims to focus on high-quality development, driven by technological innovation and talent, to enhance its core competitiveness [2] - The company plans to accelerate key technological breakthroughs and original innovations while strengthening control over its core industry [2] - There is a strategy to cultivate development momentum by promoting engineering technology services, integrating new energy development, and enhancing related equipment manufacturing [2] - The overall goal is to innovate and establish itself as a leader in the coalbed methane industry, adapting to local conditions to develop new productive forces [2]

Core Viewpoint - The company, Blue Flame Holdings, has achieved steady operational performance in the first half of 2025, focusing on coalbed methane production in alignment with national "dual carbon" goals, and has been recognized as a "Double Hundred Enterprise" for three consecutive years by the State-owned Assets Supervision and Administration Commission [1][6]. Group 1: Financial Performance - In the first half of 2025, the company sold 615 million cubic meters of coalbed methane, generating revenue of 1.111 billion yuan, with a net profit attributable to shareholders of 234 million yuan, reflecting a year-on-year growth of 5.07% [1]. - The net cash flow from operating activities reached 644 million yuan, a significant increase of 130.60% year-on-year, primarily due to government subsidies and efficient collection of receivables [1][7]. Group 2: Resource and Production Capacity - The company has established a three-dimensional strategy focusing on stabilizing production from existing wells, expanding new wells, and deep exploration to ensure coalbed methane supply [2]. - As of June 2025, the company holds 23 coalbed methane mining rights covering over 2,500 square kilometers, with proven geological reserves of 53.191 billion cubic meters [3]. - The company has completed drilling 72 new wells and put 51 into operation during the reporting period, contributing to sales growth [2]. Group 3: Technological Innovation - Blue Flame Holdings has developed three core technological systems for coalbed methane extraction, enhancing its competitive edge in the industry [4]. - The company has undertaken 37 major scientific projects at the provincial and national levels, achieving breakthroughs in several technical challenges [4]. Group 4: Digital Transformation - The company is advancing its digital transformation through the "Smart Gas Field" project, having installed 181 intelligent extraction devices to monitor and optimize production processes [5]. Group 5: Management and Social Responsibility - The company has implemented a refined management approach, focusing on dynamic monitoring of key operational indicators and cost control, resulting in improved financial health and operational efficiency [7]. - Blue Flame Holdings actively engages in social responsibility initiatives, supporting rural revitalization and poverty alleviation efforts in local communities [8].

Summary of Key Points Core Viewpoint The report outlines the fundraising and usage status of Shanxi Blue Flame Holdings Co., Ltd. for the first half of 2025, detailing the total amount raised, expenditures, and the management of the funds. Group 1: Fundraising Overview - The company raised a total of RMB 1,317,109,998.30 through a private placement of 190,885,507 shares at RMB 6.90 per share, with a net amount of RMB 1,298,011,903.32 after deducting issuance costs [1][2] - As of the beginning of the reporting period, the company had utilized RMB 1,243,222,067.78 of the raised funds for various projects, including cash compensation for major asset swaps and equipment purchases [2][3] Group 2: Fund Usage Details - During the reporting period, the company used RMB 8,628,496.00 for the purchase of fracturing and drilling equipment, with net bank interest income of RMB 287,522.21 [2][3] - By the end of the reporting period, the total amount used from the raised funds reached RMB 1,251,850,563.78, with remaining funds of RMB 86,822,564.04 in the special account [3][4] Group 3: Fund Management - The company has established a strict fund management system in compliance with relevant regulations, ensuring that the funds are stored in dedicated accounts and used only for specified projects [4][5] - The company has two special accounts for fundraising, and all funds are managed according to the established protocols [5][6] Group 4: Project Implementation - The projects funded by the raised capital, including the construction of 33 L-type wells and the purchase of drilling equipment, have been completed, with no changes in project location or method [6][7] - The company plans to permanently supplement its working capital with any remaining funds after project completion [12] Group 5: Financial Performance - The company reported a sales volume of 615 million cubic meters of coalbed methane, generating revenue of RMB 1.111 billion, with a net profit attributable to shareholders of RMB 234 million during the reporting period [25][26]