2020-2025年1-11月中国煤气产量统计图 上市企业：ST金鸿（000669）,深圳燃气(601139),贵州燃气(600903),百川能源(600681) 相关报告：智研咨询发布的《2026-2032年中国焦炉煤气行业市场研究分析及发展前景规划报告》 根据国家统计局数据显示：2025年11月中国煤气产量为1285亿立方米，同比下降3.3%；2025年1-11月中 国煤气累计产量为15437.8亿立方米，累计增长2.1%。 数据来源：国家统计局，智研咨询整理 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。 ...

12月19日，水发燃气涨5.15%，截至发稿，报6.74元/股，成交3621.30万元，换手率1.20%，总市值30.94 亿元。 资料显示，水发派思燃气股份有限公司位于山东省济南市历城区经十东路33399号水发大厦10层，成立 日期2002年12月4日，上市日期2015年4月24日，公司主营业务涉及煤气、燃气系统工程设备的生产及安 装自产产品。主营业务收入构成为：燃气运营54.84%，LNG业务30.28%，燃气设备8.84%，分布式能源 服务5.75%，其他(补充)0.30%。 从水发燃气十大流通股东角度 数据显示，金元顺安基金旗下1只基金位居水发燃气十大流通股东。金元顺安元启灵活配置混合 （004685）三季度新进十大流通股东，持有股数213.11万股，占流通股的比例为0.56%。根据测算，今 日浮盈赚取约70.33万元。 金元顺安元启灵活配置混合（004685）成立日期2017年11月14日，最新规模14.32亿。今年以来收益 41.91%，同类排名1387/8098；近一年收益40.13%，同类排名1356/8067；成立以来收益562.73%。 金元顺安元启灵活配置混合（004685）基金经理为缪 ...

Core Viewpoint - Yunmei Energy's stock has shown a significant increase this year, with a 21.66% rise, despite some fluctuations in the short term [1][2]. Group 1: Stock Performance - As of December 2, Yunmei Energy's stock price reached 4.55 CNY per share, with a market capitalization of 5.05 billion CNY [1]. - The stock has experienced a net inflow of 563.68 million CNY from major funds, with significant buying activity noted [1]. - The stock has appeared on the trading leaderboard eight times this year, with the most recent occurrence on November 17 [1]. Group 2: Financial Performance - For the period from January to September 2025, Yunmei Energy reported a revenue of 3.96 billion CNY, a decrease of 23.07% year-on-year, while the net profit attributable to shareholders was -182 million CNY, an increase of 41.54% year-on-year [2]. - The company has distributed a total of 99.53 million CNY in dividends since its A-share listing, with 76.58 million CNY distributed over the past three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders for Yunmei Energy was 40,000, a decrease of 10.20% from the previous period [2]. - The top ten circulating shareholders include major funds such as Guotai Zhongxin Coal ETF and others, with notable increases in their holdings [3].

Core Viewpoint - Water Development Gas has experienced a significant decline in stock price, dropping 5.03% on November 21, with a total market value of 3.117 billion yuan and a cumulative decline of 6.04% over four consecutive days [1] Company Overview - Water Development Gas Co., Ltd. is located in Jinan, Shandong Province, and was established on December 4, 2002, with its listing date on April 24, 2015 [1] - The company's main business includes the production and installation of gas and gas system engineering equipment, with revenue composition as follows: gas operation 54.84%, LNG business 30.28%, gas equipment 8.84%, distributed energy services 5.75%, and others 0.30% [1] Shareholder Information - Jin Yuan Shun An Fund has a presence among the top ten circulating shareholders of Water Development Gas, with its fund, Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund (004685), newly entering the top ten in the third quarter, holding 2.1311 million shares, accounting for 0.56% of circulating shares [2] - The fund has incurred a floating loss of approximately 767,200 yuan today and a total floating loss of 980,300 yuan during the four-day decline [2] Fund Performance - The Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund (004685) has a total asset size of 1.432 billion yuan, with a year-to-date return of 44.72%, ranking 1035 out of 8136 in its category, and a one-year return of 47.76%, ranking 687 out of 8056 [2] - The fund manager, Miao Weibin, has been in position for 8 years and 343 days, with the best fund return during his tenure being 589.61% and the worst being -28.79% [3]

Core Viewpoint - Yunmei Energy's stock price has experienced fluctuations, with a year-to-date increase of 18.98% but a recent decline of 16.98% over the past five trading days [1] Group 1: Stock Performance - As of November 21, Yunmei Energy's stock price was 4.45 CNY per share, with a market capitalization of 4.939 billion CNY [1] - The stock has seen a trading volume of 62.68 million CNY and a turnover rate of 1.26% [1] - The company has appeared on the "龙虎榜" (top trading list) eight times this year, with the latest appearance on November 17 [1] Group 2: Financial Performance - For the period from January to September 2025, Yunmei Energy reported a revenue of 3.956 billion CNY, a year-on-year decrease of 23.07% [2] - The company recorded a net profit attributable to shareholders of -182 million CNY, which represents a year-on-year increase of 41.54% [2] Group 3: Business Overview - Yunmei Energy, established on January 20, 1997, primarily engages in the production of coke from coal, utilizing by-products for gas and chemical production [1] - The revenue composition includes coke (79.41%), gas (8.19%), chemical products (7.73%), equipment manufacturing (3.20%), and others (1.47%) [1] Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders was 40,000, a decrease of 10.20% from the previous period [2] - The top three circulating shareholders include Guotai Zhenzheng Coal ETF, with holdings of 17.3544 million shares, an increase of 10.361 million shares [3]

Core Viewpoint - Water Development Gas experienced a decline of 1.24% on November 20, with a trading volume of 54.68 million yuan, indicating a challenging market environment for the company [1]. Financing Summary - On November 20, Water Development Gas had a financing buy-in amount of 3.59 million yuan and a financing repayment of 4.65 million yuan, resulting in a net financing buy of -1.06 million yuan [1]. - The total financing and securities balance as of November 20 was 123 million yuan, which represents 4.50% of the circulating market value, indicating a low financing balance compared to the past year [1]. - The company had no shares repaid in the securities lending market on November 20, with 200 shares sold, amounting to 1,430 yuan, and a securities lending balance of 1,430 yuan, which is above the 50th percentile of the past year [1]. Business Performance - For the period from January to September 2025, Water Development Gas reported an operating income of 1.807 billion yuan, a year-on-year decrease of 3.67%, and a net profit attributable to shareholders of -45.47 million yuan, reflecting a significant year-on-year decline of 171.15% [2]. - The company's main business revenue composition includes gas operation (54.84%), LNG business (30.28%), gas equipment (8.84%), distributed energy services (5.75%), and other (0.30%) [1]. Shareholder Information - As of November 10, the number of shareholders for Water Development Gas was 28,000, an increase of 1.02% from the previous period, while the average circulating shares per person decreased by 1.01% to 13,685 shares [2]. - Since its A-share listing, the company has distributed a total of 131 million yuan in dividends, with 72.07 million yuan distributed over the past three years [3]. - As of September 30, 2025, the top ten circulating shareholders included a new shareholder, Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund, holding 2.131 million shares [3].

Core Viewpoint - Yunmei Energy's stock price dropped by 5.06% to 4.88 CNY per share, with a trading volume of 83.01 million CNY and a turnover rate of 1.52%, resulting in a total market capitalization of 5.416 billion CNY [1] Company Overview - Yunnan Coal Industry Energy Co., Ltd. is located in Anning City, Yunnan Province, and was established on January 20, 1997, with its listing date on January 23, 1997 [1] - The company's main business involves producing coke from coal, utilizing by-products to manufacture gas or methanol, and deep processing by-products like coal tar and crude benzene into chemical products [1] - Revenue composition is as follows: coke 79.41%, gas 8.19%, chemical products 7.73%, equipment manufacturing 3.20%, other (supplementary) 1.47%, and gas engineering 0.01% [1] Shareholder Information - Guotai Fund's Guotai Zhongzheng Coal ETF (515220) is among the top ten circulating shareholders of Yunmei Energy, having increased its holdings by 10.361 million shares in Q3, totaling 17.3544 million shares, which represents 1.64% of the circulating shares [2] - The estimated floating loss for the ETF today is approximately 4.5121 million CNY [2] - The Guotai Zhongzheng Coal ETF was established on January 20, 2020, with a current scale of 11.413 billion CNY, yielding 5.56% this year, ranking 3888 out of 4208 in its category [2] Fund Management - The fund manager of Guotai Zhongzheng Coal ETF is Wu Zhonghao, who has been in the position for 3 years and 297 days [3] - The total asset scale of the fund is 25.391 billion CNY, with the best fund return during his tenure being 77.87% and the worst being -13.36% [3]

Core Viewpoint - The report highlights the growth in China's gas production, indicating a positive trend in the coal gas industry from 2025 to 2031, with specific data on production volumes and growth rates [1][2]. Industry Summary - In September 2025, China's gas production reached 137.6 billion cubic meters, marking a year-on-year increase of 4.9% [1]. - From January to September 2025, the cumulative gas production in China was 1,279.32 billion cubic meters, reflecting a cumulative growth of 3.1% [1]. Company Summary - Listed companies mentioned include ST Jinhong (000669), Shenzhen Gas (601139), Guizhou Gas (600903), and Baichuan Energy (600681), which are relevant players in the coal gas industry [1].

Core Viewpoint - Yunmei Energy's stock price increased by 7.28% to 5.75 CNY per share, with a trading volume of 358 million CNY and a turnover rate of 5.89%, resulting in a total market capitalization of 6.382 billion CNY [1] Group 1: Company Overview - Yunmei Energy, established on January 20, 1997, and listed on January 23, 1997, is located in Anning Industrial Park, Anning City, Yunnan Province [1] - The company's main business involves producing coke from coal, generating gas or methanol from coke oven gas, and deep processing by-products like coal tar and crude benzene into chemical products [1] - Revenue composition includes: coke 79.41%, gas 8.19%, chemical products 7.73%, equipment manufacturing 3.20%, other (supplementary) 1.47%, and gas engineering 0.01% [1] Group 2: Shareholder Information - Guotai Fund's Guotai Zhongzheng Coal ETF (515220) is among the top ten circulating shareholders of Yunmei Energy, having increased its holdings by 10.361 million shares in Q3, totaling 17.3544 million shares, which is 1.64% of the circulating shares [2] - The ETF has a current scale of 11.413 billion CNY and has achieved a year-to-date return of 7.55%, ranking 3874 out of 4216 in its category [2] - Over the past year, the ETF has returned 6.04%, ranking 3498 out of 3956, and since its inception, it has achieved a return of 173.4% [2] Group 3: Fund Manager Information - The fund manager of Guotai Zhongzheng Coal ETF (515220) is Wu Zhonghao, who has been in the position for 3 years and 295 days [3] - The total asset size of the fund is 25.391 billion CNY, with the best return during his tenure being 79.09% and the worst being -13.83% [3]

Core Viewpoint - Yunmei Energy's stock price increased by 10.06% to 5.36 CNY per share, with a trading volume of 301 million CNY and a turnover rate of 5.40%, resulting in a total market capitalization of 5.949 billion CNY [1] Group 1: Company Overview - Yunmei Energy, established on January 20, 1997, and listed on January 23, 1997, is located in Anning Industrial Park, Kunming, Yunnan Province [1] - The company's main business involves producing coke from coal, generating gas or methanol from coke oven gas, and deep processing by-products like coal tar and crude benzene into chemical products [1] - Revenue composition includes: coke 79.41%, gas 8.19%, chemical products 7.73%, equipment manufacturing 3.20%, other (supplementary) 1.47%, and gas engineering 0.01% [1] Group 2: Shareholder Information - Guotai Fund's Guotai Zhongzheng Coal ETF (515220) is among the top ten circulating shareholders of Yunmei Energy, having increased its holdings by 10.361 million shares to a total of 17.3544 million shares, representing 1.64% of circulating shares [2] - The estimated floating profit from this investment is approximately 8.5036 million CNY [2] Group 3: Fund Performance - Guotai Zhongzheng Coal ETF (515220) was established on January 20, 2020, with a current scale of 11.413 billion CNY [2] - Year-to-date return is 8.9%, ranking 3826 out of 4216 in its category; the one-year return is 5.42%, ranking 3473 out of 3955; and since inception, the return is 176.85% [2]