Zhongman Petroleum and Natural Gas Group (603619) Q4 2025 earnings summary

Executive summary

• Achieved total revenue of RMB 3.93 billion in 2025, down 5.05% year-over-year; net profit attributable to shareholders was RMB 509.51 million, down 29.80% year-over-year.

• Oil and gas production reached 1.12 million tons of oil equivalent, with core domestic and overseas fields driving growth.

• Board approved a cash dividend of RMB 0.14 per share, with total cash dividends for the year at RMB 155.84 million, representing 30.59% of net profit.

Financial highlights

• Revenue: RMB 3.93 billion, down 5.05% year-over-year; net profit: RMB 509.51 million, down 29.80%.

• Operating cash flow: RMB 1.30 billion, down 15.52% year-over-year.

• Basic EPS: RMB 1.11, down 36.93% year-over-year; gross margin: 44.42%.

• Total assets: RMB 12.50 billion, up 4.59% year-over-year; net assets: RMB 4.32 billion, up 7.96%.

Outlook and guidance

• Focus on high-quality growth, cost control, and integrated operations across domestic and overseas assets.

• 2026 plans include new drilling and production targets in Xinjiang, Kazakhstan, Iraq, and Algeria, with emphasis on digitalization and efficiency.

• Continued expansion in international markets, especially Middle East and North Africa.