Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
XINJIANGZHUNDONGPETROTECHCO., LTD
Securities code: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) securities abbreviation: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) Announcement No.: 2022014 Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
Announcement of abnormal fluctuations in stock trading
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Abnormal fluctuation of stock trading
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) (Securities abbreviation: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , stock code: Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , hereinafter referred to as “the company” or “the company”) the stock trading price deviated from the closing price for two consecutive trading days on February 24 and 25, 2022 by more than 20%. According to the trading rules of Shenzhen Stock Exchange and other relevant provisions, it belongs to abnormal fluctuation of stock trading.
2、 Description of concerns and verification
1. Since December 2021, the company has decided the company’s victory in the first instance of the case of the change of the board of directors and the board of supervisors, the accidental death of the actual controller, the termination of the company’s foreign investment in the transfer of 51% equity of Huanyu Yida (Tianjin) Engineering Technology Co., Ltd., the disposal of the wholly-owned subsidiaries quasi youtianshan and Zhong’an financing by means of packaged transfer of equity and creditor’s rights, and the company’s return of relevant estimated liabilities The 2021 annual performance forecast, the verification and reply to the concerns of the two letters of concern of Shenzhen Stock Exchange, etc. were disclosed in time. There is no need to correct or supplement the information disclosed by the company in the previous period.
2. Recently, affected by the Russian Ukrainian war and other factors, the international oil price has increased significantly, once exceeding US $100 / barrel. However, as disclosed in the company’s previous periodic and interim reports, the oil service industry in which the company is located belongs to the upstream of the oil and gas industry chain. The impact of changes in oil prices on the performance of oil service companies has a transmission process, and the capital expenditure of oil and gas companies is the key influencing factor, Generally, it follows the transmission path of “oil price change – performance change of oil and gas companies – capital expenditure change of oil and gas companies – order change of oil service companies – performance change of oil service companies”. In general, the transmission speed of the impact of oil price decline on the performance of oil service enterprises is faster than that of oil price rise. In the case of oil price rise, the increase of capital expenditure of oil and gas companies generally lags behind for 1-2 years.
In addition, the company has not found any unpublished material information that may or has had a great impact on the trading price of the company’s shares in recent public media reports.
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
XINJIANGZHUNDONGPETROTECHCO., LTD
3. There has been no significant change in the company’s operation in the near future.
4. The company sent a letter to the controlling shareholder Huzhou Yanrun investment management partnership (limited partnership) in accordance with the regulations, and the controlling shares replied in writing: there are no major events related to the company that should be disclosed but not disclosed, and there are no major events in the planning stage; During the abnormal fluctuation period of the company’s stock trading, the controlling shareholders and related parties did not buy or sell the company’s shares.
5. In recent years, with the help and support of the controlling shareholders, the company has successively investigated the potential targets and projects in Karamay, Urumqi, Daqing Oilfield, Tarim Oilfield, Beijing, Tianjin, Shanghai, Shenzhen and other places. At present, the relevant work is still ongoing. If there is progress, the company will timely fulfill the obligation of information disclosure.
6. The board of directors of the company has not been informed that the company has other information that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives.
3、 Whether there is undisclosed information
The board of directors of the company confirms that, in addition to the above matters, the company has no undisclosed matters that should be disclosed according to the stock listing rules of Shenzhen Stock Exchange or planning, negotiation, intention, agreement, etc. related to the matters; The board of directors has not been informed that the company has undisclosed information that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives; There is no need to correct or supplement the information disclosed by the company in the previous period.
4、 Risk tips deemed necessary by the company
1. Through self-examination, the company does not violate the fair disclosure of information.
2. On January 29, 2022, the company released the annual performance forecast of 2021 (Announcement No.: 2022008) on the designated information disclosure media. So far, there is no need to amend.
3. The company solemnly reminds investors that this announcement does not constitute any investment suggestion, and investors should not replace their independent judgment with such information or make decisions only based on such information. The information disclosure media selected by the company are securities times, China Securities News and cninfo (www.cn. Info. Com. CN), All information of the company shall be subject to the announcements and information disclosure documents published in the above media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207)
Board of directors
February 28, 2022
