从股票走势来看，中曼石油近一年上涨 5.38%。 来源：金融界 资料显示，中曼石油天然气集团股份有限公司的主营业务是勘探开发、油服工程、石油装备制造。公司 的主要产品是设备制造、租赁和销售，钻井工程服务和石油开采、石油及其衍生品销售等。公司董事长 为李春第，总经理为李春第(代)。 金融界消息，根据中登公司数据显示，截至上周最后一个交易日（8月22日），中曼石油股东质押比例 占总股本14.02%，位居两市第639位。 数据显示，中曼石油股东共质押6482.86万股，分为5笔，其中无限售股6482.86万股，质押总市值13.18 亿元。 ...

Group 1 - The company, Aotewei, announced that as of the disclosure date, the total guarantees provided for its consolidated subsidiaries amount to approximately 2.085 billion yuan, which represents 50.53% of the latest audited net assets and 14.86% of total assets [2] - For the fiscal year 2024, the revenue composition of Aotewei is as follows: equipment manufacturing accounts for 89.98%, renovation and other services account for 9.84%, and other businesses account for 0.18% [2]

Company Overview - Zhongman Petroleum's closing price on August 7 was 19.12 yuan, down 1.04%, with a rolling PE ratio of 11.29 times and a total market capitalization of 8.84 billion yuan [1] - The company ranks 9th in the exploration and extraction industry, which has an average PE ratio of 29.97 times and a median of 39.84 times [1] Shareholder Information - As of March 31, 2025, Zhongman Petroleum had 33,508 shareholders, an increase of 8,199 from the previous count, with an average holding value of 352,800 yuan and an average holding of 27,600 shares per shareholder [1] Business Operations - Zhongman Petroleum's main business includes exploration and development, oil service engineering, and petroleum equipment manufacturing, with key products being equipment manufacturing, leasing and sales, drilling engineering services, and oil extraction and sales of oil and its derivatives [1] Financial Performance - In the first quarter of 2025, Zhongman Petroleum reported operating revenue of 943 million yuan, a year-on-year increase of 16.90%, and a net profit of 230 million yuan, up 32.95%, with a gross profit margin of 45.97% [1]

7月24日，中曼石油今日收盘19.75元，上涨1.65%，滚动市盈率PE（当前股价与前四季度每股收益总和 的比值）达到11.67倍，创15天以来新低，总市值91.31亿元。 序号股票简称PE(TTM)PE(静)市净率总市值(元)3中曼石油11.6712.582.1591.31亿行业平均 30.2634.943.61154.08亿行业中值39.5439.883.3456.50亿1海油工程11.2811.620.94251.13亿2海油发展 11.3911.681.54426.93亿4金诚信18.1319.833.37314.01亿5中海油服20.0021.601.52677.57亿6广东宏大 30.4931.104.23279.22亿7中油工程33.7431.190.74198.20亿8龙高股份39.5439.774.0550.89亿9博迈科 51.3239.981.2440.20亿10金石资源53.4054.728.46140.64亿11科力股份56.5462.715.0833.71亿12石化油服 58.3562.134.34392.41亿 来源：金融界 中曼石油天然气集团股份有限公司的主营业务是勘探开发、油 ...

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Zhongman Petroleum, which has a closing price of 23.17 yuan, up 7.12%, with a rolling PE ratio of 13.69, marking a new low in 171 days, and a total market capitalization of 10.712 billion yuan [1] - Zhongman Petroleum ranks 9th in the exploration and production industry, which has an average PE ratio of 30.11 and a median of 35.31 [1][2] - As of the first quarter of 2025, 20 institutions hold shares in Zhongman Petroleum, including 11 funds, 3 social security funds, 3 others, 2 brokerages, and 1 insurance company, with a total holding of 140.096 million shares valued at 2.518 billion yuan [1] Group 2 - The main business of Zhongman Petroleum includes exploration and development, oil service engineering, and petroleum equipment manufacturing, with key products being equipment manufacturing, leasing and sales, drilling engineering services, and oil extraction [1] - In the latest performance report for the first quarter of 2025, Zhongman Petroleum achieved an operating income of 943 million yuan, a year-on-year increase of 16.90%, and a net profit of 230 million yuan, a year-on-year increase of 32.95%, with a gross profit margin of 45.97% [1]

Core Insights - The company has signed new orders in 2024, with a growth of 9.2%, and cold chain logistics new orders increased by 10.3% [1][4] - The company is a key beneficiary of the rapid growth in China's cold chain logistics industry, deeply serving the modern industrial chain of grain supply security for COFCO Group [5] Financial Performance - The company expects a 7.3% increase in net profit attributable to shareholders in 2024, with operating cash flow growing by 18.7% [2] - Revenue for 2024 is projected to be 2.65 billion yuan, an increase of 9.8%, with a quarterly breakdown showing significant growth in Q4 [2][3] - The gross profit margin for 2024 is estimated at 25.5%, with a slight increase of 0.75 percentage points [3] Order and Contract Details - New contracts signed in 2024 totaled 3.87 billion yuan, reflecting a 9.2% increase compared to the previous year [4] - The breakdown of new contracts includes design consulting at 820 million yuan (up 8.7%), electromechanical engineering system delivery at 2.52 billion yuan (up 19.8%), and equipment manufacturing at 470 million yuan (down 28.0%) [4] Industry Positioning - The company is accelerating its integration into COFCO Group's industrial ecosystem, focusing on high-quality development in core businesses [5] - The company is advancing in the cold chain logistics engineering design field, leading in technology and extending its business into related segments [5] Dividend Policy - The company's annual report proposes a dividend distribution of 0.15 yuan per share, maintaining a payout ratio of 32.9% for the current year [5]

Core Viewpoint - The company reported a revenue of 2.65 billion in 2024, a year-on-year increase of 9.8%, and a net profit attributable to shareholders of 234 million, up 7.3%, slightly below expectations due to higher-than-expected impairment provisions caused by slower cash collection [1] Financial Performance - In Q4 2024 and Q1 2025, the company achieved revenues of 1.32 billion and 470 million, respectively, with year-on-year growth of 32.4% and 32.2% [1] - The new orders signed in 2024 amounted to 3.87 billion, reflecting a year-on-year increase of 9.2% [1] - The company’s comprehensive gross margin for 2024 was 25.49%, an increase of 0.75 percentage points year-on-year [2] - The operating cash flow for 2024 was 514 million, an increase of 82 million year-on-year, with a cash collection/payment ratio of 106.4%/86.4% [3] Business Segmentation - In 2024, revenue from design consulting, electromechanical engineering, and equipment manufacturing was 610 million, 1.575 billion, and 399 million, respectively, with year-on-year changes of +0.63%, +46.64%, and -28.35% [2] - The design business is successfully extending into electromechanical engineering, contributing to rapid revenue growth in this segment [2] Cost and Profitability - The company’s expense ratio for 2024 was 11.5%, a decrease of 0.69 percentage points year-on-year, with net profit margin at 8.81%, down 0.2 percentage points [3] - The impairment expense as a percentage of revenue increased by 2.25 percentage points to 4.11% in 2024 [3] Future Outlook and Valuation - The company expects a favorable outlook in grain storage construction, while cold chain logistics design demand may face pressure, leading to a downward revision of future revenue forecasts [4] - Projected net profits for 2025-2027 are 268 million, 294 million, and 318 million, reflecting changes of -7.5% and -9.3% [4] - The target price is set at 12.57, based on a 24x PE for 2025, maintaining a "buy" rating [4]