11月15日，记者从中国石化新闻办获悉，中国石化全面启动今冬地热供暖服务，覆盖全国11个省 （直辖市）的70余个市（县、区），可为超过120万户居民提供清洁供暖。本供暖季中，中国石化地热 供暖能力进一步提升，目前达1.26亿平方米，创历史新高，一年可减 ...[查看原文] ...

近日，中国石化和LG化学签署关于联合开发钠离子电池关键材料的协议。双方将面向中国及全球的储 能系统和低速电动车市场，联合开发钠离子电池正极材料和负极材料等关键材料，加快商业化进程，拓 展钠离子电池商业模式，并在未来扩大至新能源和高附加值材料领域合作。 钠离子电池与锂离子电池相比具有资源和价格优势，安全性和充电速度更优。在低温环境下，钠离子电 池容量衰减较少，性能优于磷酸铁锂电池，且市场前景广阔。 从产业链来看，钠离子电池的正极材料主要有层状氧化物类、聚阴离子类和普鲁士蓝类等技术路线。这 些材料具有不同的技术特点和产业化速度，如层状金属氧化物技术成熟、产业化最快，普鲁士蓝类成本 低，聚阴离子型化合物功率密度高等。重点布局企业包括中科海钠、宁德时代(382.390, -8.39, -2.15%)、 振华新材(16.550, -1.81, -9.86%)、珈钠能源、湖南立方新能源等。 钠离子电池的负极材料主要是碳基材料，其中硬碳是主流选择。硬碳具有高储钠容量、低储钠电位和优 异的循环稳定性，因此应用前景良好。主要企业有佰思格、贝特瑞(35.330, -2.90, -7.59%)、中科海钠、 杉杉股份(13.400, ...

随着新一轮寒潮天气的到来，我国北方地区集中供暖已经正式开启，能源保供也步入迎峰度冬关键期。能源企业全面开启冬供模式。 供暖季来临 能源企业全面开启冬供模式 在山东青岛，一艘满载6.9万吨液化天然气的运输船靠泊接收站，开始接卸作业。这是该站10月以来接卸的第7船液化天然气。 作为华北地区天然气调峰保供的重要枢纽，天津液化天然气接收站采用"双船在泊、同步卸料"的作业模式，提升接卸效率和储备能力。 中国石化天然气分公司天津液化公司总经理 刘景俊：依托智能化管控平台，实现从船舶接卸到管网外输的全链条精细化管理，日均外输气量在1000万立方 米左右，高峰期外输能力可以达到5800万立方米。 在推动海上进口资源稳供增供的同时，陆上气田加大了增产保供力度。国内最大天然气生产基地——中国石油长庆油田目前天然气产量提升至1.35亿立方 米，较月初增加300万立方米。在四川达州，"川气东送"工程主供气源地的中原油田普光气田，随着多口日产超20万立方米的高产新井接连投产，气田备战 迎峰度冬的天然气井数量已突破80口，创历史新高。 中国石油生产经营管理部总调度室处长 乔跃：我们组织长庆、塔里木、西南、青海等油气田开足马力，全力增产； ...

央视网消息：随着新一轮寒潮天气的到来，我国北方地区集中供暖已正式开启，能源保供也步入迎峰度冬关键期，能源企业全面开启 冬供模式。 作为华北地区天然气调峰保供的重要枢纽，天津液化天然气接收站采用"双船在泊、同步卸料"的作业模式，提升接卸效率和储备能 力，目前单日最高外输气量超3700万方，较去年同期增长15%。 在山东青岛，一艘满载6.9万吨液化天然气的运输船靠泊接收站，开始接卸作业。这是该站10月以来接卸的第7船液化天然气。 在推动海上进口资源稳供增供的同时，陆上气田加大了增产保供力度。国内最大天然气生产基地——中国石油长庆油田目前天然气产 量提升至1.35亿立方米，较月初增加300万立方米。在四川达州，"川气东送"工程主供气源地的中原油田普光气田，随着多口日产超 20万立方米的高产新井接连投产，气田备战迎峰度冬的天然气井数量已突破80口，创历史新高。 管网加速建设 提升 "全国一张网"度峰能力 天然气输送网络的稳定性与应急能力直接关系全国的能源安全。国家管网集团集中统一调配，加强设备设施安全维护，提升管网应急 能力。 新疆北疆地区近日迎来大风降温天气，为应对极端天气对管网运行的影响，国家管网集团启动了应急保 ...

Macro Insights - The growth rate of general fiscal expenditure in October slowed down year-on-year, influenced by a high base effect, but the seasonally adjusted month-on-month growth continued to rise, indicating stronger growth in fiscal expenditure than the apparent rate [2][3] - The year-on-year growth rate of general fiscal expenditure (including general public budget and government funds) fell to -19.1% in October from 2.3% in September, while the adjusted month-on-month growth increased from 9.3% in September to 15.7% in October [2][3] Fixed Income Insights - In the second week of November, the real estate market showed a divergence between new and second-hand housing transactions, with new home sales slightly recovering but remaining low year-on-year, while second-hand home activity weakened [3] - Industrial freight volume remained strong, but production rates varied, with coking and blast furnace operating rates declining, while other sectors like oil refining and automotive remained stable [3] - The liquidity in the market was tight due to tax periods and the Double Eleven shopping festival, with the average DR007 and R007 rates rising to 1.49% and 1.50% respectively [4] REITs Analysis - The public REITs market experienced a downturn in the second half of the year due to high previous gains, stock market diversion, and rising interest rates, leading to a need for selective investment in quality assets [5] - Projects with stable fundamentals, such as rental housing and municipal environmental projects, are recommended for investment, while caution is advised for industrial parks and logistics warehouses [5] Power Equipment and New Energy - The Ministry of Industry and Information Technology issued guidelines to promote the healthy development of the wind power equipment industry, encouraging companies to enhance green and intelligent levels [6] - The report suggests focusing on companies like Goldwind Technology and Mingyang Smart Energy, which are expected to benefit from improved profitability in wind turbine manufacturing [6] Key Company Insights - GaoNeng Environment is positioned for a performance release period due to ongoing upgrades and capacity ramp-up in its metal resource recycling projects, contributing significantly to its revenue [7] - China Petroleum & Chemical Corporation (Sinopec) is expected to benefit from a recovery in the refining sector due to a global sulfur supply-demand imbalance, with a projected increase in sulfur consumption in 2024 [8][10]

南财投研通数据显示，11月17日，券商给予上市公司目标价共13次，按最新收盘价计算，目标价涨幅排名 居前的公司有康冠科技、科德数控、鸿路钢构，目标价涨幅分别为44.60%、43.03%、37.73%，分别属于 光学光电子、通用设备、专业工程行业。 评级调低方面，11月17日，券商调低上市公司评级达到1家次，最新数据包括了华创证券对鸿路钢构的评 级从"强推"调低至"推荐"。 首次覆盖方面，11月17日券商共给出了7次首次覆盖，其中皖能电力获得招商证券给予"增持"评级，恒银 科技获得中邮证券给予"增持"评级，金雷股份获得长城证券给予"买入"评级，昭衍新药获得兴业证券给 予"增持"评级，威胜信息获得东兴证券给予"推荐"评级。 | 7家最新被首次覆盖的公司 | | | | | --- | --- | --- | --- | | 证券代码 证券名称 | 机构 | 最新评级 | 行业 | | 000543 皖能电力 | 招商证券 | 增持 | 电力 | | 603106 恒银科技 | 中邮证券 | 増持 | 计算机设备 | | 300443 金雷股份 | 长城证券 | 买入 | 风电设备 | | 603127 昭衍新药 ...

评级调低方面，11月17日，券商调低上市公司评级达到1家次，最新数据包括了华创证券对鸿路钢构的评 级从"强推"调低至"推荐"。 南财投研通数据显示，11月17日，券商给予上市公司目标价共13次，按最新收盘价计算，目标价涨幅排名 居前的公司有康冠科技、科德数控、鸿路钢构，目标价涨幅分别为44.60%、43.03%、37.73%，分别属于 光学光电子、通用设备、专业工程行业。 | 证券代码 证券名称 | | 机构 | 最新评级 | 最高目标价 目标涨幅 | | | --- | --- | --- | --- | --- | --- | | | | | | (元) | (%) | | 001308 | 康冠科技 | 中信证券 | 买入 | 32.00 | 44.60 | | 688305 | 科德数控 | 国泰海通证券 | 增持 | 86.95 | 43.03 | | 002541 | 鸿路钢构 | 华创证券 | 推荐 | 24.42 | 37.73 | | 688981 | 中芯国际 | 华创证券 | 强推 | 159.30 | 35.42 | | 600028 | 中国石化 | 华泰证券 | 买入 | 7.60 ...

Group 1: Government Policies and Industry Standards - The National Development and Reform Commission and five other departments issued guidelines to accelerate the construction of modern state-owned forest farms, emphasizing their role in enhancing ecological carbon trading mechanisms [2] - The Ministry of Industry and Information Technology is soliciting opinions on the wind power equipment industry standards, encouraging the integration of green and intelligent technologies throughout the manufacturing process [2] Group 2: Energy Supply and Production - In October, China's industrial raw coal production reached 410 million tons, with an average daily output of 1.312 million tons, reflecting a 1.5% year-on-year increase in production for the first ten months [2] - The average monthly coal production of China Energy Group exceeded 5 million tons in the first ten months of this year, with nearly 100 million tons of commercial coal supplied nationwide since October, marking a 2.2% increase year-on-year [7] Group 3: Market Developments - China's water-saving industry market is estimated to exceed 760 billion yuan, with significant development in regions such as Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Guangdong-Hong Kong-Macau Greater Bay Area [3] - The green hydrogen and ammonia industry in China shows a clear regional concentration, with Shandong, Jiangsu, and Guangdong leading in enterprise distribution, highlighting the advantages of coastal economic regions in industrial clustering and technological innovation [3] Group 4: Corporate Initiatives - Sinopec's geothermal heating capacity has reached 12.6 million square meters, providing clean heating services to over 1.2 million households across 70 cities and reducing carbon dioxide emissions by nearly 6.2 million tons annually [7] - Kunlun Energy successfully completed its first LNG ship fuel bunkering operation at a Hong Kong terminal, marking a significant milestone in its LNG supply chain [4]

该股主要指标及行业内排名如下： 证券之星消息，截至2025年11月17日收盘，中国石化(600028)报收于5.78元，上涨1.23%，换手率 0.2%，成交量193.46万手，成交额11.15亿元。 11月17日的资金流向数据方面，主力资金净流入1.59亿元，占总成交额14.25%，游资资金净流出1.14亿 元，占总成交额10.26%，散户资金净流出4442.29万元，占总成交额3.98%。 近5日资金流向一览见下表： | | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净占比 散户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-17 | 5.78 | 1.23% | 1.59亿 | 14.25% | -1.14亿 | -10.26% | -4442.29万 | -3.98% | | 2025-11-14 | | 5.71 0.53% | 5183.23万 | 7.48% | -5358.11万 | -7.73% | 174.87万 | 0.25% | | 2025- ...

港交所消息：11月17日，中石化在其他交易所回购220万股A股，耗资1270万元人民币。 ...