经济观察网 山东墨龙近期热点集中在2025年业绩扭亏为盈及债务重组进展。2026年1月29日公司发布业 绩预告，预计2025年归属于上市公司股东的净利润为400万元至600万元，实现扭亏为盈。同时，2025年 12月底债务重组方案落地，寿光国资通过资产抵债方式化解3.61亿元欠款，短期内改善资产负债结构。 这些事件缓解了财务压力，但对长期业绩的影响仍需关注主业盈利及行业景气度。 财报分析 根据业绩预告，山东墨龙2025年扭亏主要得益于海外市场拓展（国外营收同比增长约50%）、成本管控 及非经常性损益贡献（如政府补助等）。不过，扣非净利润仍为负值（-2850万元至-2500万元），显示 主业盈利基础尚不稳固。公司近年营收波动较大，2024年营收13.56亿元，同比增长2.95%，但2023年同 比下滑52.36%。 股票近期走势 近期山东墨龙A股股价呈现回调态势。截至2026年2月13日，最新收盘价为7.70元，当日下跌1.91%，近 5日累计跌幅6.10%。资金面显示短期博弈活跃，2月13日主力资金净流入16.18万元，但此前一周（如2 月9日）主力资金净流出443.82万元，反映市场分歧。换手率维持在4%- ...

Core Viewpoint - Shandong Molong (002490) is expected to turn a profit in 2025, with a net profit forecast of 4 million to 6 million yuan, aided by debt restructuring and improved financial conditions, though long-term performance will depend on core business profitability and industry conditions [1][2][3]. Financial Performance - The company anticipates a net profit attributable to shareholders of 4 million to 6 million yuan for the year 2025, marking a turnaround from losses in the previous year, driven by overseas market expansion, cost control, and contributions from non-recurring gains [2]. - By the end of December 2025, the debt restructuring plan was implemented, with Shouguang State-owned Assets resolving 361 million yuan of debt through asset swaps, which improved the asset-liability structure in the short term [3]. Stock and Capital Performance - As of February 9, 2026, Shandong Molong's stock price was 8.37 yuan per share, reflecting a 2.07% increase on that day, although there was a net outflow of 4.4382 million yuan in principal funds, indicating active short-term capital speculation [4]. - The stock had previously reached a nearly one-year high, but the weekly net outflow of principal funds suggests market divergence [4]. Industry Policy and Environment - Multiple institutions have indicated that a turning point in the petrochemical industry cycle is emerging in 2026, with demand for oil and gas equipment expected to benefit from fluctuating oil prices and increased upstream capital expenditures [5]. - As an energy equipment company, Shandong Molong's long-term performance will be influenced by industry policies and global oil and gas project investments [5].

Core Viewpoint - The report highlights significant changes in the shareholding ratios of various companies under the Hong Kong Stock Connect program, indicating both increases and decreases in investor interest. Group 1: Shareholding Ratio Increases - JunDa Co., Ltd. (02865) saw the largest increase in shareholding ratio by +2.13%, reaching 51.99% [2] - Haotian International Investment (01341) increased by +1.70%, with a new holding ratio of 69.87% [2] - Longpan Technology (02465) experienced a +1.24% increase, bringing its holding ratio to 46.54% [2] - Xixiangfeng Group (02473) had a notable increase of +24.28% over five days, with a holding ratio of 26.79% [5] - Nanhua Futures Co., Ltd. (02691) increased by +4.32% over five days, reaching a holding ratio of 16.01% [5] Group 2: Shareholding Ratio Decreases - Dongfang Electric (01072) experienced the largest decrease of -1.68%, with a holding ratio of 22.33% [3] - Lion Group Holdings (02562) saw a reduction of -1.17%, now holding 47.64% [3] - Shandong Molong Petroleum Machinery (00568) decreased by -1.01%, with a holding ratio of 55.05% [3] - Over the last five days, Shandong Molong experienced a significant decrease of -7.56%, with a holding ratio of 55.05% [6] - Weimeng Group (02013) decreased by -4.06% over five days, now at 26.55% [6]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Xixiang Group (02473) saw the largest increase in holdings, up by 4.02%, bringing its total to 25.63% [2]. - Hang Seng China Enterprises (02828) increased by 3.51%, now holding 4.11% [2]. - Yingfu Fund (02800) rose by 3.09%, with a current holding of 3.91% [2]. - In the last five trading days, Xixiang Group (02473) experienced a remarkable increase of 23.17% in holdings [3]. - Other notable increases include Nanhua Futures (02691) at 3.99% and Sanhua Intelligent Control (02050) at 3.96% [3]. Group 2: Companies with Decreased Holdings - Shandong Molong (00568) had the largest decrease, down by 1.27%, now at 56.06% [2]. - Changfei Fiber Optic (06869) decreased by 1.25%, with a current holding of 57.02% [2]. - Chifeng Gold (06693) saw a reduction of 1.17%, now holding 39.00% [2]. - Over the last five trading days, Shandong Molong (00568) experienced a significant drop of 5.47% in holdings [3]. - Other companies with notable decreases include Weimeng Group (02013) at -3.58% and Chifeng Gold (06693) at -3.16% [3]. Group 3: Long-term Trends - Over the past 20 days, Xixiang Group (02473) has increased by 22.56%, maintaining a holding of 25.63% [4]. - Jun Da Co. (02865) saw a 20.81% increase, now at 49.86% [4]. - Baiaosaitu-B (02315) increased by 10.35%, with a current holding of 25.40% [4].

Core Viewpoint - ST Zhongzhu (600568.SH) announced the resignation of director Liu Huaping due to personal reasons, while he will continue to serve as the company's vice president and general manager of Zhuhai Zhongzhu Hongqi Investment Co., Ltd [1] Group 1 - The board of directors received Liu Huaping's written resignation report on February 9, 2026 [1] - Liu Huaping will retain his position as vice president and general manager after resigning from the board and related committees [1]

Core Viewpoint - ST Zhongzhu (600568.SH) announced that it received a notice from Zhongshengyuan regarding a share reduction plan due to its own funding needs, intending to reduce its holdings in the company through centralized bidding and block trading [1] Summary by Category Share Reduction Plan - Zhongshengyuan plans to reduce its holdings by no more than 59.7861 million shares, accounting for no more than 3% of the company's total share capital [1] - The reduction will occur through two methods: centralized bidding and block trading [1] Centralized Bidding Details - Under the centralized bidding method, the total number of shares reduced within any continuous 90 natural days will not exceed 1% of the company's total share capital, which is equivalent to no more than 19.9287 million shares [1] Block Trading Details - For the block trading method, the total number of shares reduced within any continuous 90 natural days will not exceed 2% of the company's total share capital, amounting to no more than 39.8574 million shares [1] - The implementation of the reduction will be based on the market price at the time of execution [1]

Group 1 - The core point of the article is that ST Zhongzhu (600568.SH) announced that its shareholder, Shenzhen Zhongshengyuan Enterprise Management Center (Limited Partnership), plans to reduce its holdings by up to 59.7861 million shares, which represents no more than 3% of the company's total share capital [1]

Core Viewpoint - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies, which may signal investment trends and market sentiment. Group 1: Increased Holdings - Xixiangfeng Group (02473) saw the largest increase in holdings, up by 5.65% to a total holding of 21.61% [1][2] - Junda Co., Ltd. (02865) increased by 2.40%, reaching a holding of 48.66% [1][2] - Beijing Jingcheng Machinery Electric Company (00187) rose by 2.19%, with a holding of 48.50% [1][2] - In the last five trading days, Xixiangfeng Group (02473) had a remarkable increase of 19.13% [3] - Sanhua Intelligent Control (02050) increased by 4.06%, now holding 33.53% [3] - Nanhua Futures Co., Ltd. (02691) saw a 3.60% increase, bringing its holding to 14.63% [3] Group 2: Decreased Holdings - China Metallurgical Group Corporation (01618) experienced the largest decrease, down by 0.64% to a holding of 33.76% [1][2] - Longpan Technology (02465) decreased by 0.62%, now at 44.92% [1][2] - Lion Holdings (02562) saw a reduction of 0.59%, with a holding of 49.34% [1][2] - Over the last five trading days, Junda Co., Ltd. (02865) faced a significant drop of 13.34% [3] - Shandong Molong Petroleum Machinery Company (00568) decreased by 3.73%, now holding 57.33% [3] - Weimeng Group (02013) saw a reduction of 3.66%, with a holding of 27.00% [3]

Core Viewpoint - The Shandong state-owned enterprise reform sector experienced a slight increase of 0.36% on February 6, with Shandong Molong leading the gains, while the Shanghai Composite Index fell by 0.25% and the Shenzhen Component Index decreased by 0.33% [1] Group 1: Market Performance - On February 6, the Shandong state-owned enterprise reform sector rose by 0.36% [1] - The Shanghai Composite Index closed at 4065.58, down 0.25% [1] - The Shenzhen Component Index closed at 13906.73, down 0.33% [1] Group 2: Capital Flow - The main funds in the Shandong state-owned enterprise reform sector had a net outflow of 429 million yuan [1] - Retail investors contributed a net inflow of 354 million yuan [1] - Speculative funds saw a net inflow of approximately 7.51 million yuan [1]

Group 1 - The core point of the article is the appointment of Zhang Yusong as the secretary of the 10th board of directors of ST Zhongzhu, effective from the date of the board's approval until the end of the 10th board's term [1] - The appointment was made following the relevant regulations including the Company Law and the Shanghai Stock Exchange Listing Rules [1] - Chairman Chen Xu will no longer act as the secretary of the board following this appointment [1]