换肤

蓝焰控股

i问董秘
企业号

000968

主营介绍

  • 主营业务:

    煤层气勘查、开发与利用及煤矿瓦斯治理。

  • 产品类型:

    煤层气销售、气井建造工程

  • 产品名称:

    煤层气销售 、 气井建造工程

  • 经营范围:

    许可项目:陆地石油和天然气开采;矿产资源勘查;建设工程设计;建设工程勘察;建设工程施工;道路危险货物运输;道路货物运输(不含危险货物);燃气经营;发电业务、输电业务、供(配)电业务。(依法须经批准的项目,经相关部门批准后方可开展经营活动,具体经营项目以相关部门批准文件或许可证件为准)一般项目:技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;工程管理服务;新兴能源技术研发;工程和技术研究和试验发展;陆地管道运输;以自有资金从事投资活动。(除依法须经批准的项目外,凭营业执照依法自主开展经营活动)

运营业务数据

最新公告日期:2026-04-28 
业务名称 2025-12-31 2025-06-30 2024-12-31 2024-06-30 2023-12-31
销量:石油和天然气开采业(立方米) 12.25亿 - 12.62亿 - 12.76亿
煤层气营业收入(元) - 11.11亿 - - -
销量:煤层气(立方米) - 6.15亿 12.62亿 6.08亿 12.76亿
专利数量:授权专利(项) - 6.00 - 17.00 -
专利数量:申请专利(项) - 15.00 - 9.00 -

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

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前5大客户:共销售了16.44亿元,占营业收入的77.96%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
9.67亿 45.85%
客户2
5.33亿 25.26%
客户3
5098.37万 2.42%
客户4
4912.20万 2.33%
客户5
4416.14万 2.09%
前5大供应商:共采购了3.63亿元,占总采购额的30.54%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
1.13亿 9.51%
供应商2
1.10亿 9.22%
供应商3
6723.16万 5.65%
供应商4
4881.95万 4.10%
供应商5
2437.10万 2.05%
前5大客户:共销售了18.09亿元,占营业收入的79.86%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
11.18亿 49.34%
客户2
5.33亿 23.54%
客户3
5726.88万 2.53%
客户4
5683.95万 2.51%
客户5
4400.81万 1.94%
前5大供应商:共采购了4.93亿元,占总采购额的32.09%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
1.73亿 11.26%
供应商2
1.07亿 6.96%
供应商3
1.02亿 6.61%
供应商4
6440.36万 4.19%
供应商5
4710.70万 3.07%
前5大客户:共销售了20.99亿元,占营业收入的88.14%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
10.15亿 42.64%
客户2
6.66亿 27.96%
客户3
2.56亿 10.75%
客户4
9496.45万 3.99%
客户5
6667.87万 2.80%
前5大供应商:共采购了3.81亿元,占总采购额的21.70%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
9543.54万 5.43%
供应商2
7942.75万 4.52%
供应商3
7591.43万 4.32%
供应商4
7400.00万 4.21%
供应商5
5654.87万 3.22%
前5大客户:共销售了18.70亿元,占营业收入的74.74%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
8.41亿 33.60%
客户二
6.97亿 27.86%
客户三
1.49亿 5.97%
客户四
9724.35万 3.89%
客户五
8558.57万 3.42%
前5大供应商:共采购了3.43亿元,占总采购额的18.11%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
1.32亿 6.97%
供应商二
6510.83万 3.44%
供应商三
5398.10万 2.85%
供应商四
4604.16万 2.43%
供应商五
4590.13万 2.42%
前5大客户:共销售了14.99亿元,占营业收入的75.80%
  • 客户一
  • 客户二
  • 客户三
  • 客户四
  • 客户五
  • 其他
客户名称 销售额(元) 占比
客户一
5.56亿 28.13%
客户二
5.20亿 26.31%
客户三
1.82亿 9.20%
客户四
1.34亿 6.79%
客户五
1.06亿 5.38%
前5大供应商:共采购了6.29亿元,占总采购额的27.89%
  • 供应商一
  • 供应商二
  • 供应商三
  • 供应商四
  • 供应商五
  • 其他
供应商名称 采购额(元) 占比
供应商一
1.67亿 7.42%
供应商二
1.49亿 6.62%
供应商三
1.28亿 5.67%
供应商四
1.10亿 4.90%
供应商五
7401.77万 3.28%

董事会经营评述

  一、报告期内公司从事的主要业务  1.公司从事的主要业务、主要产品及其用途  公司主要业务为煤层气勘查、开发与利用及煤矿瓦斯治理,公司的主要产品为煤层气(煤矿瓦斯),是赋存在煤层及煤系地层的烃类气体,属优质清洁能源,通过管输、压缩、液化三种方式销往山西及周边地区,主要作为燃料用于工业和民用领域。  2.公司的主要经营模式  公司是开发利用煤层气(煤矿瓦斯)的专业化企业,建立了与煤层气开采(地面瓦斯治理)相关的规划、设计、施工、运营、运输和销售等完整业务体系,形成了与主营业务相适应的采购模式、生产(施工)模式和销售模式。公司的主要收入来源为煤层气销售、瓦斯治理、煤层气工程设计咨询和施工、道路... 查看全部▼

  一、报告期内公司从事的主要业务
  1.公司从事的主要业务、主要产品及其用途
  公司主要业务为煤层气勘查、开发与利用及煤矿瓦斯治理,公司的主要产品为煤层气(煤矿瓦斯),是赋存在煤层及煤系地层的烃类气体,属优质清洁能源,通过管输、压缩、液化三种方式销往山西及周边地区,主要作为燃料用于工业和民用领域。
  2.公司的主要经营模式
  公司是开发利用煤层气(煤矿瓦斯)的专业化企业,建立了与煤层气开采(地面瓦斯治理)相关的规划、设计、施工、运营、运输和销售等完整业务体系,形成了与主营业务相适应的采购模式、生产(施工)模式和销售模式。公司的主要收入来源为煤层气销售、瓦斯治理、煤层气工程设计咨询和施工、道路货物运输服务等。作为山西省煤矿瓦斯抽采全覆盖工程的骨干企业,公司与有关煤炭企业签订了瓦斯治理协议,有偿提供瓦斯抽采服务。在自有煤层气矿业权区块范围内开展煤层气地面抽采,与有关煤炭企业合作在其煤炭采矿权范围内开展煤层气地面抽采,与国内大型油气企业合作在其矿业权范围内开展煤层气地面抽采,对生产的煤层气进行销售。此外,还为有关企业提供煤层气工程设计咨询、施工服务以及LNG和CNG运输服务。
  3.公司所处的市场地位
  公司是国内最早从事煤层气开发利用的A股上市公司,拥有一整套具有自主知识产权的煤层气地面开发利用技术,创立了“采煤采气一体化”综合开发模式,立足自身专业技术优势,与山西省属大型煤炭企业深入合作,从源头上治理煤矿瓦斯,保障煤矿安全生产,为煤层气行业规模化、商业化开发积累了宝贵经验,并在深部煤层气勘探开发领域进行积极探索,为推动我国煤层气产业发展起到了重要的示范和引领作用。与此同时,公司依托气源地煤层气资源和产业链等优势,按照“就近利用、余气外输”的原则,为山西省及周边地区提供稳定的气源保障,创造了良好的经济效益,也带来了显著的社会效益和环境效益。
  4.公司主要的业绩驱动因素
  报告期内,公司聚焦增储上产,按照“一井一策”原则统筹推进老井稳产和新井提产,加强精细化排采深挖老区潜力,加快项目建设夯实气量基础,深化地质研究开展技术攻关,煤层气生产保持稳健发展态势;锚定技术创新,深化对外合作,强化科研项目布局,在自主创新与协同发展中增强企业核心竞争力;聚力效能提升,纵深推进企业改革,全力推行降本增效,以高质量管理效能夯实可持续发展根基。
  二、报告期内公司所处行业情况
  公司所处行业为石油和天然气开采业,主要从事煤层气勘探开发业务。煤层气指赋存于煤层中与煤共伴生,以甲烷为主要成分的天然气体,属于非常规天然气。煤层气行业主要涉及煤层气的勘探、开发、集输与利用。煤层气勘探是指以煤层气资源勘查目标区为基本单元,实施地球物理勘探和钻井工程,进行储层改造及单井排采,确定煤层气储层位置、规模、含气量等参数,进一步评价煤层气产能;煤层气开发是指以煤层气资源勘查靶区为基本单元,在单井取得工业气流的基础上确定适宜的开发井型、增产措施及排采工艺等,获取煤层气井连续产气量的正式开采活动;煤层气集输与利用主要是指将勘探、开发过程得到的煤层气经过增压、脱水、净化、计量等措施后通过管网集输、汽车运输等方式输送到市场,并最终为消费者使用或再加工利用。
  战略地位方面,传统的三大能源中,我国具有“富煤贫油少气”的资源禀赋特征。随着国内天然气增储上产持续推进,产量规模不断扩大,油气对外依存度有所降低,能源供应自主保障能力进一步增强。当前,国际地缘政治冲突不断加剧,国际天然气稳定供应存在不确定性,对国内天然气产业链的自主可控及能源供应能力提出新的挑战。煤层气作为天然气的战略补充,在能源结构调整和“双碳”目标驱动下,在保障国家能源安全方面发挥着越来越重要的作用。
  资源赋存方面,我国埋深2000米以浅的煤层气地质资源量36.8万亿立方米。山西省作为国内煤层气资源富集程度最高的省份之一,拥有沁水盆地和鄂尔多斯盆地东缘两大煤层气产业化基地,境内埋深2000米以浅的煤层气地质资源量约8.31万亿立方米,截至2024年底,全省累计探明地质储量0.97万亿立方米,居全国首位。
  技术工艺方面,煤层气产业属于技术密集型产业,经过近30年探索与攻关,我国煤层气勘探开发技术水平取得了长足进步,由原来单一的借鉴国外技术逐渐转变为自主研发与创新,不仅总结出了成熟的煤层气钻井井型及钻完井工艺体系,还在储层压裂改造技术领域取得重大突破,并开始将智能化装备应用于生产排采过程中,实现了排采控压的精细化管理。随着技术的不断进步,在基于煤与煤层气共采等技术的基础上,开始向深部煤层气勘探开发领域进行积极探索,为后续滚动开发提供有力的技术支持。但受制于地质和赋存条件复杂、区域地质与开发工艺适配性差等因素,目前高效开发仍然存在技术瓶颈,亟需加强深部煤层气的技术攻关,建立适合我国各类深部煤层气特点的开发模式。
  降碳减排方面,甲烷排放后的温室效应比二氧化碳高,是造成全球变暖的重要因素之一。在“双碳”目标驱动下,大力发展煤层气行业意义重大。规模化地面抽采利用煤层气,进行煤矿瓦斯治理,可以减少煤炭开采时的甲烷释放,还可以开发利用煤矿采空区和废弃矿井的瓦斯,减少甲烷逸散对臭氧层的破坏。同时,以低排放强度能源替代高排放强度能源是实现碳中和的有效途径,煤层气的碳排放强度较煤炭、石油低,其规模化抽采利用必将在我国实现“双碳”目标过程中发挥重要作用。
  报告期内,受全球能源转型加速与地缘政治格局深度调整影响,全球天然气市场整体呈现供应宽松、需求温和修复、价格震荡下行的运行特征,从紧平衡过渡到相对宽松的新供需格局。2025年,全球天然气产量约4.19万亿立方米,同比增长1.6%,天然气消费量约4.17万亿立方米,同比增长不足1%。从国内看,我国天然气市场整体运行平稳。在消费端,受经济增长方式转变、产业结构调整、以电代气等多重因素影响,国内天然气需求增速放缓,2025年全国天然气表观消费量4265.5亿立方米,同比增长0.1%。在供应端,为保障能源安全和“双碳”目标实现,我国大力推动天然气增储上产战略深化,勘探开发、技术创新与产能建设协同发力,国内天然气供应保障能力持续增强。2025年国内天然气产量储量双创新高,天然气进口量1764.6亿立方米,同比下降2.8%,对外依存度为40%,处于“十四五”最低水平,总供应量4346亿立方米,同比增长1.2%。其中,国内天然气生产“常非并举”,鄂尔多斯盆地、四川盆地和海洋天然气产量快速增长,国内天然气产量达到2620.6亿立方米,同比增长6.2%,连续九年增产百亿方,超额完成大力提升油气勘探开发力度“七年行动计划”目标。煤层气作为天然气供应的重要补充,2025年全国煤层气产量181.3亿立方米,同比增长7.7%。其中山西省煤层气产量147亿立方米,同比增长9%,约占全国同期煤层气产量的81%。
  报告期内,煤层气产业在资源储量、深部气勘探开发、技术创新和政策扶持等方面取得新进展,产业发展质效持续提升。一是资源储量稳步扩容,新一轮找矿突破战略行动持续发力,深层煤层气勘探再获突破,新增探明地质储量近5000亿立方米,累计探明地质储量接近万亿立方米。二是煤层气勘探开发技术取得新成果,油气工程技术装备迭代升级,物探、钻井、压裂、开采等全链条核心技术装备瞄准国际前沿,持续向高端化迈进,大幅提升作业效率。三是产业支持政策持续发力,财政部修订《清洁能源发展专项资金管理办法》,将煤层气开采补贴从“量补”转向“效补”,优化梯级奖补和取暖季增量补贴机制;国家发改委颁布《石油天然气基础设施规划建设与运营管理办法》,推进全国油气一张网与运销分离,完善煤层气入网标准、降低管输成本,保障高效外输。山西省出台《加快能源科技创新支撑能源转型发展实施意见》,安排部署重点科技攻关任务,探索涵盖煤层气勘探开发领域的9条能源转型新路径,推动科技创新和产业创新深度融合。未来,煤层气产业将进一步释放发展潜力,为保障能源安全、推动绿色低碳转型和实现“双碳”目标作出更大贡献。
  党的二十大报告明确提出要深入推进能源革命,加大油气资源勘探开发和增储上产力度,确保能源安全;党的二十届四中全会作出建设能源强国的重大战略部署,明确提出要加快建设新型能源体系,积极稳妥推进和实现碳达峰,加强化石能源清洁高效利用;国家“十五五”规划纲要首次将“能源强国”建设写进五年规划,提出要强化能源资源供应保障,实施中长期油气增储上产战略行动;2026年政府工作报告也明确提出“统筹能源安全与绿色转型,推动能源产业高质量发展”的总体要求。作为我国核心煤层气生产基地及全国能源革命综合改革试点省份,山西省立足资源禀赋,锚定战略定位,加快非常规天然气增储上产,推动瓦斯全浓度梯级综合利用,构建勘探开发、储运利用、装备制造一体化全产业链,力争至2030年非常规天然气年产量达300亿立方米,打造千亿级产业集群,为煤层气产业高质量发展筑牢根基、指明路径。
  
  三、核心竞争力分析
  1.产业链优势
  经过多年发展,公司形成了集地质勘查、工程设计、工程建设、生产运行和集输销售于一体的煤层气全产业链生产运营模式,已建成稳定的煤层气生产基地,依托主产区周边及畅通全省的外输管网,采用批发、零售等方式,按市场化原则将煤层气销售给天然气管道公司、城燃公司、液化天然气生产企业和部分工业用户,开辟了山西及周边地区稳定的城市燃气、工业用气等用户市场,实现了就近利用与市场拓展相结合的销售格局。2026年1月,公司参股成立华瑞装备公司,加速煤层气高端设备本土化制造,进一步延链补链强链,提升产业竞争力。
  2.规模优势
  公司不断推进煤层气产业发展步伐,依托自身技术优势,先后在晋城、长治、晋中、太原、吕梁等地进行煤层气地面抽采利用,在武乡南、和顺横岭等资源区块推进深部煤层气勘探试验,加强与省属煤炭企业及国内大型油气企业开展项目合作,为加快增储上产步伐、提升产业竞争力和可持续发展能力提供了有力保障。截至目前公司已获取煤层气矿业权24宗,合计矿业权面积2799.3526平方公里,累计探明煤层气地质储量531.91亿立方米。报告期内公司实现煤层气销售量12.25亿立方米。此外,公司受托管理关联方企业2家,煤层气年产量超1.5亿立方米。
  3.技术优势
  作为技术密集型企业,经过多年理论研究和工程探索,公司构建了采煤采气一体化、中深部及深部煤层气开发、采空区及过采空区煤层气抽采三大技术体系,为公司煤层气勘探开发提供了有力的技术支撑。依托煤与煤层气共采全国重点实验室平台,公司在“采煤采气一体化”方面加强与省内重点煤企开展合作,围绕《深部煤层气多煤层水平井共采技术研究》《深部地质-工程一体化高效联动开发技术与工程示范》《穿采空区下伏煤层水平井开发关键技术与示范》等重点科技项目,协同高校、科研院所共同进行技术攻关,以科技项目带动煤矿和煤层气产业互利共赢。公司先后承担、参与国家科技重大专项、山西省科技重大专项等37项省部级及以上科技项目,目前在煤层气开发利用上拥有多项具有国际领先水平的核心技术。公司科研成果获国家科学技术进步奖二等奖3项、山西省科学技术奖14项、煤炭工业协会科学技术奖12项等共计46项省部级(含协会奖)及以上奖励;已起草11项国家标准、6项行业标准、9项地方标准共计26项标准;现有效期内专利137项,其中发明专利36项;公司2家下属企业及1家托管企业完成了高新技术企业认定。
  4.地域优势
  公司煤层气开发区块主要位于沁水盆地和鄂尔多斯盆地东缘,是国家规划煤层气产业发展的重点地区。根据公开信息显示,山西省是中国煤层气开发条件最为成熟的地区,其勘探程度、探明储量均居全国首位,山西境内埋深2000米以浅的煤层气地质资源量约有8.31万亿立方米,占全国总量近三成,开发潜力巨大。我国天然气干线管网体系持续扩建升级,天然气管道输气能力实现跨越式提升,全国天然气长输管道总里程超过13万公里。山西全省“一张网”不断织密织细,天然气长输管网里程达到9259公里,已形成“横贯东西、纵穿南北”“三纵十二横”格局。华新燃气集团覆盖全省的网格化供气管网日趋完善,基本实现上游资源全接收、中游管网全联通、下游市场全覆盖,覆盖率位于全国前列。目前煤层气产业已逐步成为山西省能源革命综合改革试点的重要抓手,山西将持续推进非常规天然气增储上产,结合非常规天然气生产和消费分布,加强管网建设、输配利用、技术开发、装备制造全产业链发展。公司立足山西,辐射京津冀、雄安新区、中原经济区、长三角地区等燃气重点消费市场,区位优势明显。公司借助华新燃气集团全产业链平台优势,加快管网互联互通,拓宽销售渠道,提升市场占有率。
  5.政策优势
  国家与山西省聚焦煤层气增储上产和清洁利用,先后出台了一系列支持政策,涵盖资源管理、财税支持、市场准入、安全环保等多维度,正在协同发力,推动煤层气高效开发与产业规模化、绿色化发展。财政补贴方面,2025年3月,财政部制定《清洁能源发展专项资金管理办法》,在原有制度基础上,明确2025—2029年对煤层气等非常规气开采实施“多增多补”“冬增多补”奖补政策,重点加大对煤层气行业的支持力度,通过竞争性分配、以奖代补等方式,鼓励企业扩大非常规天然气产量,促进煤层气生产和利用。产业扶持方面,中央确定山西省为能源革命综合改革试点,授权山西制定煤层气勘查开采管理办法、在全国率先试点将“三气”矿业权赋予同一主体、煤层气开发项目(包括对外合作项目)备案权下放山西管理,深入推进煤层气探采一体化变革;支持符合条件的甲烷利用和减排项目纳入温室气体自愿减排项目,鼓励更广泛的企业参与温室气体减排行动;出台节能降碳行动方案,加快煤层气等非常规油气资源规模化开发;
  修订煤层气(煤矿瓦斯)排放标准,将管控范围扩展至低浓度瓦斯,排放标准由甲烷体积浓度高于30%降至8%,为煤层气行业带来更大发展机遇。山西省也出台相关政策,持续推动煤层气增储上产,实施两大非常规天然气产业化基地建设、全省煤矿瓦斯抽采全覆盖、“煤层气、致密气、页岩气”三气综合开发试点等重大工程,从产业规划、科技创新、财政补贴、金融贷款、行政审批、碳排放控制等多方面继续扶持煤层气产业的发展。上述政策的出台及实施,将对公司未来发展起到积极的推动作用。
  6.人才优势
  公司拥有一支高素质、专业化的人才队伍,知识结构涵盖煤层气勘探、开发、生产、销售等环节,目前拥有博士2名,柔性引才博士1名,技术专家4名,技术研发人员462名。在技术研发领域,公司拥有国内领先的技术研发团队,核心技术体系覆盖煤层气地面抽采、深部勘探等领域,获得多项国家专利,并承担多项国家级及省部级科研项目,形成了一套具有自主知识产权的煤层气开发技术体系;在人才培养方面,与国内优秀科研机构及高校建立了长期合作,依托中国矿业大学、太原理工大学、中北大学、中煤科工西安研究院等院校,通过科技项目深度合作,推动产学研融合。近年来,公司积极与业内一流企业开展技术交流,培养了一批掌握先进技术的复合型人才,多人在省级技能大赛中荣获“三晋技术能手”称号;积极开展柔性引才,制定《柔性引进人才实施细则(试行)》,成功引进紧缺高端技术人才,为公司高质量发展提供智力支持;健全激励机制,建立双通道发展机制,完善技术、技能人才发展体系,进一步畅通员工职业发展通道,并配套制定薪酬激励方案,激发技术、技能人才的创新活力和工作积极性,为公司可持续发展提供强有力的人才保障。
  
  四、主营业务分析
  1、概述
  报告期内,公司积极响应国家“双碳”发展战略,紧紧围绕山西省非常规天然气产业发展目标,聚焦煤层气增储上产核心主业,全力推进安全管控、稳产增产、科技创新、产业协同、公司治理和改革增效等各项工作,公司生产经营保持平稳运行,稳产能力持续巩固。2025年全年实现煤层气销售量12.25亿立方米,同比下降2.93%;实现营业收入21.10亿元,同比下降6.87%;归属上市公司股东净利润3.35亿元,同比下降22.90%。
  1.加强安全管理,筑牢安全发展根基
  报告期内,公司压紧压实安全生产主体责任,完善大安全大应急格局,通过全链条风险防控、安全体系建设、数智赋能等举措,圆满完成各项安全生产目标任务,安全生产形势持续稳定向好。聚焦安全生产治本攻坚三年行动,扎实开展重点场所安全隐患排查整治,着力构建“风险分级管控+隐患闭环管理”双预控机制;切实推动安全管理体系建设,进一步细化安全操作规程和负面清单,修订完善多项安全管理制度;高效推进燃气管道“带病运行”专项治理,完成问题整改并形成闭环;深入推进安全生产标准化建设,规范现场作业管控,严管关键环节、重要部位安全,两家下属单位顺利通过二级标准化认证;统筹推进气质提升工程,通过气质分析小屋、硫化氢在线监测、更换气体过滤设施等手段,从源头保障管输系统安全稳定运行;常态化开展安全教育,组织培训400余场、应急演练100余次,开展月度安全考试、观看警示教育片、“安全生产月”系列活动,不断强化员工安全意识,提升本质安全管理水平。
  2.深挖核心资源潜能,保障气源稳定供应
  报告期内,公司围绕煤层气生产系统核心关键点,努力克服资源接替承压、老井气量衰减和市场波动等诸多困难,以“老井稳产、新井增产、深部攻关”为目标,一井一策,持续抓好生产基建管理,全年累计完成钻井153口、压裂114口、投运116口。一是推动老井稳产增产,加大对低产、低效井改造力度,继续摸索解堵工艺,开展增产降耗激励行动,持续提升单井产量与稳产能力;二是加快新井建设及投运,侯甲-龙湾区块完成钻井33口,日产气量15万立方米。继续对沁水老区煤系地层进行挖潜,积极实施薄煤层加密井建设,有效弥补井下采掘和自然衰减影响;三是依托“数智强晋”项目建设,强化煤层气井精细化管理,累计安装煤层气智能化排采设备192台,实现对重点高产井全覆盖,保障气井连续稳定运行;四是优化生产系统,顺利完成下嵋芝增压站投运、侯甲-嘉能连接线工程建设等重点任务,进一步提高产销系统运行效率和稳定性;五是加大勘查试验投入,持续深化“地质-工程一体化”工作平台建设,通过强化基础地质研究、开展工艺技术适配性试验,全力破解勘查区块技术瓶颈,为下一步实现规模化、经济化开发奠定基础。
  3.坚持科技创新,把握发展关键引擎
  报告期内,公司作为技术密集型企业,始终坚持创新驱动发展战略,搭建煤与煤层气共采全国重点实验室华新分室,通过平台建设与科技项目联合攻关,持续提升公司核心竞争力。加大科技攻关力度,围绕深部煤层气高效开发、复杂地质条件安全开采、低产低效井稳产增产三大主攻方向,系统布局科研项目,部分技术取得新突破,进一步提高自主创新能力。积极构建开放协同的创新生态,联合高校及科研院所申报省级项目,推动产学研用深度融合,新获批晋城市技术创新中心,并通过高新企业复审。主导修订车用压缩煤层气等国家标准2项,发布管输煤层气脱尘净化地方标准1项,全年获授权专利14项,荣获省部级及行业协会科技奖励7项,有效提升核心竞争力。
  4.深化产业协同,集聚发展新动能
  报告期内,公司持续加快煤层气优质资源争取,在战略资源获取上取得关键突破,2025年10月成功竞得山西沁水盆地法中区块煤层气探矿权,新增探矿权面积297.8986平方公里,进一步扩大公司资源规模。加快补链强链延链,通过“政府引导+园区支撑+企业实施”模式参股成立华瑞装备公司,推动实现煤层气高端装备的本土化制造项目落地。深化“采煤采气一体化”领域实践,积极拓展山西焦煤、潞安集团等省内大型煤炭企业,启动地面瓦斯治理施工方案编制工作,进一步加大瓦斯治理专业化服务推广力度。加强关键技术攻关协作,与物探领域专业化公司达成合作意向,针对深部及复杂构造区煤层气高效勘探开发核心技术开展联合攻关。加快布局省外业务,持续拓展专业化服务覆盖广度与深度,承担贵州乌江煤层气地面抽采项目设计,高质量完成新疆昌吉州水西沟21口煤层气井施工运行任务,荣获“山西省民族团结进步模范集体”称号。
  5.强化公司治理,构建风险防控新格局
  报告期内,公司持续优化法人治理结构,2025年5月完成第八届董事会换届选举及高管聘任,由审计委员会代行相关监督职责,并同步修订《公司章程》及相关配套制度,进一步厘清职责边界,强化独立董事及专门委员会合规履职,实现监事会职能向董事会审计委员会的平稳过渡,公司入选中国上市公司协会2025年“董事会典型实践案例”和“董事会办公室优秀实践案例”。修订完善“三重一大”决策制度实施办法及清单,规范党委会前置研究程序,确保党委发挥“把方向、管大局、保落实”的领导核心作用。建立健全“风险-内控-合规”三位一体风险防控机制,结合清廉国企建设、以案促改警示教育、项目建设和招投标领域专项监督行动,进一步强化债权债务、投资担保、关联交易等关键事项与合同管理,有效增强风险防控能力。
  6.全面深化改革,推动管理质效提档升级
  报告期内,公司以提升核心竞争力、增强核心功能为目标,持续推动深化改革和治理能力提升,全面完成国企改革深化提升行动,连续三年入选国务院国资委“双百企业”。高标准启动“十五五”发展规划编制,精准布局,为公司科学谋划“资源+技术+服务+新能源”转型发展新路径。牢固树立“过紧日子”理念,强化全面预算管理,严控非生产性支出,重点抓好工程项目、财务费用和能耗管理,多措并举降本增效。持续加大清收清欠力度,精准攻坚重点欠款,稳步提升回款成效。公开发行8亿元科技创新公司债券,票面利率创全国无担保AA小公募产业债历史新低,进一步优化融资结构。持续优化销售体系,加强与管输服务商合作,打通资源外输通道,开拓安徽、江苏等省外市场,同时引入国家管网集团“管网通”服务,非采暖季储气调峰,采暖季稳供增销,进一步提升经济效益。持续提升信息披露质量与投资者关系管理水平,在2025年首次披露公司《2024年环境、社会和公司治理(ESG)报告》基础上,进一步完善ESG工作体系,探索推进碳资产管理,全力打造具有煤层气产业特点的品牌形象。
  
  五、公司未来发展的展望
  (一)未来发展战略
  公司将以习近平新时代中国特色社会主义思想为指导,全面贯彻党的二十大和二十届历次全会精神,牢牢把握“双碳”政策目标,主动融入国家能源发展战略,顺应能源结构调整趋势,积极参与山西省非常规天然气基地建设,按照“产业优、质量高、效益好、可持续”的发展要求,以成为国内“煤层气产业领军者”和“一流清洁能源供应商”为愿景,立足山西丰富的煤层气资源,“十五五”期间将全面实施“以高质量发展为主线,以增储上产为核心目标、以深化改革为根本动力、以技术创新为关键支撑、以人才队伍为重要保障”的发展思路,持续巩固煤层气勘探开发核心主业,重点培育工程装备服务与新能源开发利用业务,形成“一核两翼”产业布局,构建气源开发与多能互补协同发展的清洁能源体系。推动从单一资源开发商向“技术赋能+资源整合+服务增值”三位一体的服务模式转型,提供覆盖产业链全环节的总包式一体化能源解决方案,强化产业链控制力与价值创造能力,着力打造具有全国影响力的煤层气开发标杆企业和一流供应商。
  (二)经营计划
  2026年公司将继续坚持以经济效益为中心的发展理念,牢牢锚定煤层气增储上产核心任务,统筹推进各项重点工作,不断提升经营业绩与企业价值。
  一是强化生产精细化管理,推动产能稳步提升。加快项目建设,统筹重点区块勘探增储与产能建设,推进晋城矿区加密井、侯甲—龙湾等重点项目,持续夯实稳产增产基础;聚力生产提效,加快数智赋能,深化气井精细管理与排采优化,加大对低产、低效井改造力度,深挖老井潜力,延长稳产周期,降低自然递减率,实现稳产上量。
  二是深耕地质工程研究,聚力关键技术突破。重点推进武乡、横岭区块勘探增储、三维地震地质建模与煤体结构精细识别等理论研究,加快地质—工程一体化平台建设,推动勘探区块取得新突破。坚持科技创新,加大研发投入,深化产学研合作,高标准运维研发平台,以科技项目为抓手重点攻关深部煤层气勘探开发技术瓶颈,持续增强核心竞争力。三是提升资源保障能力,拓展多元对外合作。紧盯矿业权政策与出让动态,全力争取更多优质资源;加强与央企及省内煤企战略协作,积极拓展非常规油气、新能源、碳减排等领域的潜在合作伙伴,构建多元高效的战略合作体系。
  四是推进国企改革攻坚,优化管理提质增效,优化市场营销,积极开辟省外市场,延伸销售链条,优化客户结构,提升气量调配与经营销售效能;巩固“双百企业”改革成果,完善公司治理与内控合规体系,健全全流程降本增效机制,扎实推进扭亏减亏、清收清欠专项行动,提升管理效能;践行ESG理念,完善ESG管理体系,实现经济、社会、环境效益协同发展。全年预计投资约10亿元,年度预计融资16亿元(全部为存续),实现营业收入约21亿元。
  需要说明的是,上述内容不构成公司对投资者的业绩承诺,投资者应对此保持足够的风险意识,并且应当理解经营计划与业绩承诺之间的差异。
  (三)可能面对的风险
  报告期内,公司面临的风险无重大变化,公司将继续积极采取有关应对措施,规避和降低风险。
  1.市场风险
  公司作为煤层气勘查、开发与利用及煤矿瓦斯治理企业,不仅面对其他煤层气企业的竞争,海外天然气、国内常规天然气以及其他环保型能源产业也对公司构成竞争压力。煤层气作为一种清洁环保型能源,也存在供求变化、价格波动等市场风险因素,这些因素会对煤层气开发项目的利润变动造成一定影响,增加成本回收风险。公司将密切关注行业发展动态,科学有效地控制宏观环境带来的不利影响,加强对市场变化的预测与应对,建立健全公司内部风险防范机制,加强内控管理与监督,充分利用资本市场和金融市场平台,进一步优化资本结构,抓好风险项目的重点管理,采取各种预防措施,力求降低风险。
  2.安全生产风险
  随着公司业务范围和生产勘探区域不断扩大,公司业务涵盖勘查开发、生产排采、管输增压、压缩液化、危化品运输等多个环节。煤层气增压、压缩、管道输送和危化品运输等环节存在泄漏风险,钻井、压裂、检维修等生产作业环节存在机械伤害、起重伤害、物体打击、触电、高处坠落等风险,液化环节存在中毒窒息、冻伤风险,处于山区、林区生产现场存在洪涝和森林火灾风险,公司机动车辆在行驶中存在车辆伤害风险。公司将以风险管理为导向,不断完善QHSE体系,健全预防与应对为一体的风险防控机制;有效识别生产经营活动中存在的危险、有害因素,确定风险控制的优先顺序和控制措施;把安全生产标准化作为安全工作全过程的运行主线,不断加强现场安全管理,将安全风险降低到可控范围内;加强安全培训和监督管理,健全完善应急救援体系,提升应急管理能力。
  3.政策风险
  国家对煤层气开发项目的政策扶持或者政策约束会影响煤层气开发的经济效益,煤层气开发技术要求高、投资回收期长,需要政府给予大力扶持。国家已出台煤层气开发利用相关优惠政策,但在财政补贴方面,由于目前实施“多增多补”“冬增多补”奖补政策,公司实际享受补贴的额度存在一定的不确定性;同时在税收方面,根据2025年10月发布的《关于调整风力发电等增值税政策的公告》,取消煤层气抽采销售增值税先征后退政策,对公司经营业绩产生一定影响。山西省出台《煤层气勘查开采管理办法》《临时用地管理办法》,在煤层气项目用地性质、审批、期限等方面有了更为详细的规定,用地管理和使用更加规范,对公司煤层气勘探开发井场用地存在一定限制风险。总体来看,目前国家对煤层气行业支持力度较大,但不排除未来国家产业政策发生变化,或相关部门的优惠政策发生重大变化的可能性,从而影响公司的生产经营,进而对公司业绩造成影响。公司将密切关注国家有关政策、宏观经济环境、行业动态和市场变化,进一步强化风险管理,做好外部风险研判,提高风险应对能力。
  4.煤层气资源勘查风险
  煤层气资源勘查是煤层气规模化开发的先决条件。公司在深入研究新获得区块前期资料的基础上,科学规划勘查方案,合理布局勘查井位,积极探索技术工艺,有序推进勘查工作,以期获取探明地质储量,有效增加区块产气量。但由于地质条件的复杂性和认识地下地质规律的局限性,在地质勘探中,人们对储量等指标的认识判断都要借助先进的现代科学和成熟的地质知识,而在实际勘验中并无法保证技术水平与知识经验的准确度能够准确无误地进行预测,实际勘查结果与预测的煤层气资源量可能存在偏差,对于储量等指标的预测具有一定的不确定性。且煤层气勘探开发技术和装备对不同地质条件的适应性也不相同,特别是在深部煤层气勘探开发技术方面仍然存在未彻底解决的瓶颈,勘探开发成本高、试验井日均产量低等问题亟待解决。同时叠加核心开采区稳产压力增大、勘查区勘查前景存在不确定性等因素,核心区与勘查区气量接续尚需一定的过渡期限。公司将进一步加大科技研发投入,充分发挥自身及合作院校、科研机构的技术攻关能力,深入创新煤层气勘探开发关键技术,根据产能建设实际情况,动态调整作业技术与方案,努力提高勘探成功率,力争发现优质高效目标储层,推动勘探区块尽快实现规模化、经济化开采,降低勘探风险。 收起▲

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数据截至(20260430)
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