According to the Huaxin Securities Research Report, CNPC achieved net profit of 164.676 billion yuan in 24, an increase of 2.02% over the previous year. Of these, Q4 achieved net profit to mother of 32.158 billion yuan, an increase of 8.05% over the previous year, and a decrease of 26.77% over the previous year. The company achieved net profit of 164.7 billion yuan, another record high. The company achieved growth for three consecutive years, showing that the company maintained strong profitability amid market fluctuations. Oil and gas production has maintained steady growth, and storage and production will continue to increase in 2025. Profitability improved in Q4 in a single quarter, with remarkable results in reducing and increasing oil. The company's refining and chemical business is actively transforming to the middle and high-end of the industrial chain, and profitability is expected to pick up. Furthermore, the company's free cash flow reached 176.122 billion yuan, an increase of 17.1% over the previous year. It also reached a record high, indicating that the company's financial situation continues to be stable. The company's oil and gas production is growing steadily, and profitability continues to improve. Give the investment a “buy” rating.

According to the Huaxin Securities Research Report, CNPC achieved net profit of 164.676 billion yuan in 24, an increase of 2.02% over the previous year. Of these, Q4 achieved net profit to mother of 32.158 billion yuan, an increase of 8.05% over the previous year, and a decrease of 26.77% over the previous year. The company achieved net profit of 164.7 billion yuan, another record high. The company achieved growth for three consecutive years, showing that the company maintained strong profitability amid market fluctuations. Oil and gas production has maintained steady growth, and storage and production will continue to increase in 2025. Profitability improved in Q4 in a single quarter, with remarkable results in reducing and increasing oil. The company's refining and chemical business is actively transforming to the middle and high-end of the industrial chain, and profitability is expected to pick up. Furthermore, the company's free cash flow reached 176.122 billion yuan, an increase of 17.1% over the previous year. It also reached a record high, indicating that the company's financial situation continues to be stable. The company's oil and gas production is growing steadily, and profitability continues to improve. Give the investment a “buy” rating.