新天然气(603393) - 新疆鑫泰天然气股份有限公司投资者关系活动记录表

Group 1: Background and Development of Coalbed Methane (CBM) in China - The development of CBM in China began slowly due to historical issues such as lack of funding, technology, and management experience, prompting the need for international cooperation [1] - In 1996, China United Coalbed Methane Corporation was established, becoming the only company with exclusive rights for foreign cooperation in CBM extraction [1] - By 2011, the PanZhuang block became the first approved project for foreign cooperation in CBM development in China [1] Group 2: Resource and Production Capacity of MaBi Block - The MaBi block covers an exploration area of approximately 716 square kilometers, with proven reserves of about 58.1 billion cubic meters [2] - The design annual production capacity for the southern area of MaBi is 1 billion cubic meters, with proven reserves of approximately 19.6 billion cubic meters [2] - As of 2022, the cumulative investment in the PanZhuang block reached approximately 4.1 billion RMB, yielding a total CBM production of about 7.3 billion cubic meters [2] Group 3: Financial and Operational Insights - The company holds over 3 billion RMB in cash, with an average annual net cash flow from operations of 1.4 billion RMB over the past three years [2] - The daily gas production from both blocks currently ranges between 5.2 to 5.3 million cubic meters [3] - The company aims to maintain a stable dividend policy while enhancing operational efficiency and market competitiveness [2] Group 4: Technological Advancements and Achievements - The company has established a comprehensive technology system for CBM extraction, achieving a record single well production of 105,000 cubic meters per day [3] - In 2022, the total production reached nearly 1.5 billion cubic meters, setting a new industry high [4] - The MaBi block achieved a daily production of 2 million cubic meters in 2023, demonstrating significant capacity development [4] Group 5: City Gas Business Advantages - The city gas business benefits from strategic location advantages, primarily centered in Urumqi, with high energy demand [4] - The company has established strong partnerships with major gas suppliers, ensuring a high level of gas source security [4] - Ongoing strategic cooperation with PetroChina Kunlun Gas enhances market expansion and customer acquisition efforts [4]