Core Viewpoint - The company has made significant breakthroughs in the exploration and development of deep coalbed methane, which has become a new highlight for natural gas production increase in China in 2023 [1] Company Summary - The company's subsidiary, Zhonghai Wobang, is extracting natural gas primarily from deep coalbed methane and tight sandstone gas at depths of approximately 2300-2500 meters [1] - The geological reserves of deep coalbed methane that have been filed amount to 88.7 billion cubic meters [1]

Core Viewpoint - The event highlighted the strategic plans of Shouhua Gas, focusing on the expansion of natural gas extraction operations through the addition of new gas wells in the second half of the year [1] Company Summary - Shouhua Gas plans to add 21 new deep coalbed methane horizontal gas wells in the second half of the year, excluding those currently in production [1] - The company is positioned as a technology-driven enterprise, primarily engaged in energy investment and the design and development of gardening products [1]