财报体检工具显示： 据证券之星公开数据整理，近期蓝焰控股（000968）发布2025年中报。截至本报告期末，公司营业总收 入11.11亿元，同比下降4.12%，归母净利润2.34亿元，同比上升5.07%。按单季度数据看，第二季度营 业总收入5.47亿元，同比下降7.13%，第二季度归母净利润4915.68万元，同比下降21.96%。本报告期蓝 焰控股公司应收账款体量较大，当期应收账款占最新年报归母净利润比达248.76%。 本次财报公布的各项数据指标表现一般。其中，毛利率31.5%，同比减19.28%，净利率20.45%，同比增 10.22%，销售费用、管理费用、财务费用总计1.53亿元，三费占营收比13.77%，同比增11.51%，每股净 资产6.38元，同比增4.77%，每股经营性现金流0.67元，同比增130.6%，每股收益0.24元，同比增4.35% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 11.59亿 | 11.11亿 | -4.12% | | 归母净利润(元) | 2.22 乙 | 2.34亿 ...

8月26日，蓝焰控股（000968）披露2025年半年度报告。报告期内，公司深度锚定国家"双碳"目标，以 煤层气"增储上产"为核心任务，实现经营业绩稳中有进，并凭借国企改革的突出成效连续三年入选国务 院国资委"双百企业"。 资源储备对煤层气企业发展具有重要支撑作用。报告期内，公司着力在资源获取方面进行攻关，并开展 了武乡南区块、和顺横岭区块及柳林石西区块的探转采办理工作。截至2025年6月末，公司已持有23宗 煤层气矿业权，覆盖面积超过2500平方千米，探明地质储量达531.91亿立方米；此外，公司受托管理2 家关联企业，相关关联企业煤层气年产量超1.4亿立方米，液化能力为22.7万吨/年。目前公司形成"自有 开发+受托管理"的运营模式，为长期发展提供基础保障。 除拓展资源储备外，政策支持成为蓝焰控股发展的"助推器"。国家层面与山西省出台了一系列支持措 施，从财政补贴、金融支持、行政审批等多维度为煤层气产业"保驾护航"，为蓝焰控股拓宽了行业发展 空间，助力公司进一步提升效益。 技术创新构筑核心壁垒，数智化转型提速 2025年上半年，公司煤层气销售量达6.15亿立方米，实现营业收入11.11亿元，归属于上市公司 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000968 证券简称：蓝焰控股 公告编号：2025-029 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 根据中国证券监督管理委员会《上市公司募集资金监管规则》（证监会公告〔2025〕10号）、《深圳证 券交易所上市公司自律监管指引第1号——主板上市公司规范运作》以及《深圳证券交易所上市公司自 律监管指南第2号——公告格式》的相关规定，本公司就2025年半年度募集资金存放与使用情况作如下 专项报告： 一、募集资金基本情况 根据中国证券监督管理委员会《关于核准太原煤气化股份有限公司向山西晋城无烟煤矿业集团有限责任 公司发行股份购买资产并募集配套资金的批复》（证监许可〔2016〕3160号），公司向特定对象非公开 发行人民币普通股190,885,507股，发行价格为6.90元/股，募集资金总额1,317,109,998.30元，扣除发行 费用19,098,094.98元后，实际募集资金净额为1,298,011,903.32元。上述募集资金净额已于2017年3月17 日全部存入公司专用账户，经瑞华会计师 ...

知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：蓝焰控股（000968）,国新能源（600617）,天壕能源（300332）,新锦动力（300157）,准油股 份（002207）,陕天然气（002267）,山西焦化（600740）,华阳股份（600348）,中国石油（601857） 相关报告：智研咨询发布的《2025-2031年中国煤层气行业市场供需规模及未来前景分析报告》 根据国家统计局数据显示：2025年6月中国煤层气产量为15.8亿立方米，同比下降3.7%；2025年上半年 中国煤层气累计产量为89.4亿立方米，累计增长7.7%。 数据来源：国家统计局，智研咨询整理 ...

在华北油田山西沁水煤层气田，煤层气抽采设备正在工作。新华社记者 王飞航 摄 煤层气俗称"瓦斯"，是产自煤层、以甲烷为主要成分的非常规天然气。沁水煤层气田地处山西省东南部，面积3000多平方公里，估算煤层气 资源量6000亿立方米。2006年，华北油田取得山西沁水盆地煤层气矿权，随后建成了国内首个年地面抽采能力超过20亿立方米的煤层气田。 华北油田山西煤层气分公司相关负责人表示，近年来华北油田依托沁水盆地丰富的煤层气资源，持续深化地质认识与关键技术攻关，成功应 用沁水盆地"多煤层差异化压裂设计+动态调整"等创新技术，为全国中浅层复杂煤层高效开发突破提供了关键支撑。（记者王飞航） 记者7月5日从华北油田山西煤层气分公司获悉，作为我国最大中浅层煤层气田——华北油田山西沁水煤层气田，截至7月4日的累计产气量超 过200亿立方米，成为国内首个累计产量突破200亿立方米的煤层气田。 【纠错】 【责任编辑:薛涛】 ...

Core Viewpoint - The importance of energy independence, particularly in the context of natural gas supply, is emphasized due to external pressures on Russian gas imports. Coalbed methane is highlighted as a key unconventional natural gas resource for China's energy strategy [1] Industry Summary - The global energy supply landscape is changing, making domestic oil and gas resource development increasingly critical [1] - Coalbed methane is recognized for its large reserves, wide distribution, and significant development potential, positioning it as a crucial resource for increasing natural gas production in China [1] Company Summary - The company has seen a rapid increase in natural gas production, particularly in coalbed methane, since 2024 [1] - The Ministry of Finance has raised the subsidy weight coefficient for coalbed methane from 1.2 to 1.5, enhancing support for unconventional natural gas development [1] - The company anticipates meeting the requirements for special funding and will announce the receipt of related funds once confirmed [1]

Core Viewpoint - Shanxi Province is a major coal-producing area in China, with significant coalbed methane resources, achieving a record high production of 7.3 billion cubic meters in the first half of the year, accounting for 81.7% of the national total [1] Group 1: Production and Resources - The total coalbed methane production in Shanxi reached 7.3 billion cubic meters in the first six months of this year, marking a historical high for the same period [1] - Shanxi Province has a high concentration of coalbed methane resources, with a predicted resource volume of approximately 8.31 trillion cubic meters for coalbed methane at depths shallower than 2000 meters, representing nearly one-third of the national total [1]

Group 1: Production and Sales Performance - The growth rate of coalbed methane (CBM) sales has slowed down in recent years, particularly with a slight decline in 2024 due to factors such as mining activities and natural depletion in the Jincheng area [2][3] - The company aims to stabilize and increase production through various measures, including refined production management and new well construction, to achieve the annual production plan [4] - As of now, the company has a cumulative proven geological reserve of 53.191 billion cubic meters, with an additional 5.722 billion cubic meters added in 2024 from the Heshun Hengling block [4] Group 2: Market and Pricing Dynamics - The average gas price increased from 2021 to 2022 but decreased in 2023 and 2024, influenced by international and domestic natural gas market prices and supply-demand conditions [5][6] - The pricing mechanism for CBM sales is market-driven, with adjustments based on natural gas prices and local market conditions [6] Group 3: Regulatory and Subsidy Framework - Recent subsidy policies have shifted from fixed subsidies to performance-based incentives, encouraging exploration and production of CBM [7] - The Ministry of Finance has extended the incremental subsidy policy for clean energy development from 2025 to 2029 [7] Group 4: Cost Management and Efficiency - The unit sales cost of CBM has decreased due to the company's focus on internal management and cost control measures, including optimizing operational processes and improving equipment efficiency [8] - The company plans to continue its cost reduction efforts to support high-quality development [8] Group 5: Seasonal Performance Trends - The company's performance typically peaks in the first and fourth quarters due to higher sales during the heating season, while the second and third quarters experience fluctuations [8] - Government subsidies are primarily disbursed at the beginning and end of the year, significantly impacting the company's performance [8] Group 6: Future Outlook and Dividend Policy - The company intends to maintain a reasonable dividend distribution plan based on industry trends, operational performance, and development needs [9]

Core Viewpoint - Blue Flame Holdings (000968) is actively enhancing its coalbed methane (CBM) production and sales through strategic partnerships and infrastructure improvements, while also planning significant capital investments to boost production capacity and technological advancements in the coming years [1][2][3][4][5]. Group 1: Coalbed Methane Production and Lifespan - The lifespan of a single coalbed methane well typically ranges from 15 to 20 years, influenced by geological conditions, permeability, gas content, completion quality, and extraction control [1]. - In regions with superior resource endowments and advanced technology, well lifespans may exceed 20 years, while complex geological conditions could result in lifespans of less than 15 years [1]. Group 2: Collaboration with National Pipeline Network - The company has obtained the carrier qualification from the National Pipeline Group, allowing it to transport extracted coalbed methane through the national pipeline network, thereby expanding its customer base beyond local markets [2]. - The company has begun selling a small amount of coalbed methane to provinces such as Jiangsu and Anhui, optimizing its customer structure and reducing reliance on local markets [2]. Group 3: Capital Expenditure and Project Plans - The company plans to invest approximately 800 million yuan in 2025, focusing on stabilizing production in existing areas, enhancing exploration in new blocks, and advancing digital transformation projects [3]. - Key projects include the construction of new wells in thin coal seams, exploration in the Wu Xiang Nan and He Shun Heng Ling areas, and accelerating capacity construction in cooperative zones [3]. Group 4: Infrastructure Development - Recent years have seen the company enhance its station and pipeline infrastructure, including the completion of pressure station upgrades, which have significantly improved external transmission capacity [4]. - The company is also working on resolving competition issues with its controlling shareholder to increase its coalbed methane resource base [4]. Group 5: LNG Plant Construction Plans - Currently, the company does not have plans to construct LNG plants due to potential competition with its controlling shareholder's existing liquefaction facilities and the volatility of LNG prices [5]. - The company remains focused on its core business of coalbed methane exploration and development, primarily through pipeline transportation [5]. Group 6: Financial Performance - In Q1 2025, the company reported a main revenue of 565 million yuan, a year-on-year decrease of 1.02%, while net profit attributable to shareholders increased by 15.74% to 185 million yuan [5]. - The company’s debt ratio stands at 50.25%, with financial expenses amounting to 26.67 million yuan and a gross profit margin of 33.13% [5].

Group 1: Production and Resource Management - The lifespan of a single coalbed methane well typically ranges from 15 to 20 years, depending on geological conditions and management practices [2] - In areas with superior resource endowment and advanced technology, well lifespan may exceed 20 years, while complex geological conditions may result in lifespans of less than 15 years [2] - The company plans to invest approximately 800 million RMB in 2025 to ensure stable production and explore new resource blocks [4] Group 2: Infrastructure and Sales Strategy - The company has enhanced its infrastructure by completing several booster station upgrades, significantly improving external transmission capacity [5] - Coalbed methane is currently being sold to provinces such as Jiangsu and Anhui through the national pipeline network, optimizing the customer structure and increasing sales revenue [3] - The company is actively seeking new resource blocks and partnerships to address resource shortages, which are critical for sustainable development [6] Group 3: Future Development Plans - The company is focusing on the construction of new production capacity in cooperation areas and accelerating projects like the Houjialongwan to contribute to output [4] - There are no current plans to build LNG plants due to market volatility and a focus on core coalbed methane exploration and development [6] - The company is addressing industry competition issues with its controlling shareholder to further increase coalbed methane resources [6]