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On the evening of September 26, CNOOC (00883. HK) (hereinafter referred to as "CNOOC") Notice The company plans to apply for A-share listing.
It is disclosed that CNOOC plans to publicly issue no more than 2.6 billion shares and raise no more than 35 billion yuan of capital, which is intended to be used for many oil and gas field development projects at home and abroad, including Guyana Payara Oilfield, Liuhua 11-1/4-1 Oilfield, Lingshui 17-2 Gas Field, etc.
Previously, on August 19, in the middle of 2021, CNOOC achievement At the press conference, CNOOC executives said that as a red chip, CNOOC would pay close attention to policy changes. If there are policy conditions, we will strive to realize the plan of returning to A.
More than a month later, the CSRC issued the Announcement on Expanding the Pilot Scope of Red chip Enterprises to List in China, which provides policy support for CNOOC to return to A as a red chip company.
CNOOC said that this return to A will enable CNOOC to enter China's capital market and improve its capital structure through equity financing while maintaining its international development strategy, which will help improve the company's corporate image, better meet the company's capital expenditure needs, broaden financing channels and improve the company's capital structure. The company will focus on its own development, constantly improve its value creation ability, and return with outstanding performance shareholder Share the long-term development dividends of the company with investors in A-share market.
According to the data, CNOOC realized oil and gas sales revenue of 100.63 billion yuan in the first half of 2021, up 51.7% year on year. First half of the year Net profit It reached 33.33 billion yuan, up 22.1% year on year.
According to the data displayed by CNOOC at the interim performance conference, the growth of net profit was mainly due to two factors: average realized price and sales volume. Among them, the price factor is absolutely dominant. It is reported that in the first half of this year, the average price of Brent crude oil rose by 54.9% year on year. It is expected that oil price It will still fluctuate around the current level.
In terms of exploration, CNOOC made 9 new discoveries in the first half of the year, 7 in Chinese waters and 2 overseas; Six of the 19 new projects planned to be put into production in the year have been put into production safely. In the first half of the year, the net output of oil and gas reached 278.1 million barrels of oil equivalent, a record high. In addition, Xie Weizhi, chief financial officer of CNOOC, said at the press conference that although some overseas projects were delayed due to the impact of the epidemic, the capital expenditure target of 90 billion yuan to 100 billion yuan for the whole year remained unchanged.
In addition to traditional energy businesses such as oil and natural gas, CNOOC also started to develop new energy businesses under the low-carbon requirements. At present, CNOOC's new energy business layout is mainly offshore wind power. according to CNOOC Chairman Wang Dongjin introduced that onshore photovoltaic and onshore wind power are the next development focus of CNOOC. In the early stage, it focused on acquiring wind farms and photovoltaic resources, and in the later stage, it will increase the proportion of (investment). Wang Dongjin said that the investment scale of CNOOC in new energy business during the "14th Five Year Plan" period was between 5% and 10%. If the total annual investment was 100 billion yuan, the annual investment scale of new energy business would be between 5 billion yuan and 10 billion yuan.
In addition, it is worth mentioning that since the end of last year, the United States announced that CNOOC Since the Group Co., Ltd. was listed in the sanctions list, the equity structure of CNOOC has also undergone significant changes, and most of the shareholders originally from Europe and the United States have withdrawn.
In this regard, Xu Keqiang, CEO of CNOOC, said earlier in August that the US sanctions had no material impact on CNOOC's business, and the impact on the stock price was basically digested. The Group has applied for the extension of the administrative review until early September, hoping that the US government can lift such unwarranted sanctions.
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