"尽管近期国际油价有所起伏，但整体还是在中高位运行，石油开采企业在投资端还是敢于继续投入 的。"在海默科技相关人士看来，得益于原油价格保持坚挺，今年来上游投资热情并未减弱，作为产业 链中间环节的油服行业还是有所受益。 上游资本开支的持续扩增为油服景气奠定基础。一家研究机构预计，2025年全球上游资本开支恢复增 长，有望达到5824亿美元以上，同比增长5%。上游投资意愿增强，作为产业链核心环节的油服企业将 充分受益。前述人士表示，石油公司资本开支是关键影响因素，总体遵循"原油价格变化—油气公司业 绩变化—油气公司资本支出变化—油服公司订单变化—油服公司业绩变化"的传导路径。 油服企业接连斩获海外大单 油服公司主要依靠油田、油气端作业量"吃饭"，上游的确定投资预期将给产业公司带来射孔、压裂、测 井等诸多业务机会。从近期多家公司披露的订单情况来看，油气端的设备需求有所增长，行业公司业务 洽谈活动明显增多，尤其是海外市场，订单保持增长势头。 杰瑞股份7月9日发布公告称，公司全资子公司杰瑞油气工程收到阿尔及利亚国家石油公司Sonatrach发送 的侯德努斯天然气增压站总承包工程项目的授标函，授标函金额为6.29亿美元和 ...

财报显示，南方基金旗下南方中证500ETF为中油工程前十大股东，今年一季度减持。今年以来收益率6.25%，同类排名1400(总3424)。 | HIJT LLJUVEII | | | --- | --- | | 今年以来各阶段业绩及同类排名 | | | 李度涨幅 年度涨幅 | | | 近1周 | 近6月 | | 1.15% 4.85% 4.85% 9.55% 9.73% | 张幅 | | | | | | 近1周 | 近1月 | 近3月 | 近6月 | 今年来 | | --- | --- | --- | --- | --- | --- | | 阶段涨幅 | 1.15% | 4.85% | 9.55% | 9.73% | 6.25% | | 同类平均3 | 1.30% | 4.58% | 9.57% | 10.37% | 7.41% | | 沪深300 | 0.61% | 4.24% | 6.95% | 5.83% | 2.53% | | 跟踪标的� | 1.66% | 5.77% | 9.46% | 8.86% | 6.23% | | 同类排名 3 | | | 1869 4060 1510 3988 1604 ...

Group 1: Core Insights - A-share companies are experiencing significant overseas expansion, with notable achievements in infrastructure, biomedicine, and equipment manufacturing, leading to large overseas orders [2][3] - The shift in Chinese enterprises' overseas strategy is moving from cost-driven to innovation-driven, leveraging advanced supply chains, international talent, and digital technologies [2] Group 2: Large Orders and Competitive Strength - A-share companies have secured substantial overseas contracts, particularly in the infrastructure sector, with notable projects including a $1.6 billion contract for a gas processing plant in Iraq and contracts totaling approximately 5.34 billion yuan for the China-Kyrgyzstan-Uzbekistan railway [3][4] - In the biomedicine sector, companies like Rongchang Bio are accelerating internationalization, exemplified by a licensing agreement with Vor Bio worth up to $4.1 billion [4] - Equipment manufacturing firms are also making strides, with agreements such as a $406 million contract for a conveyor system in Guinea, enhancing their international market presence [4] Group 3: Accelerated Overseas Capacity Layout - Several A-share companies are intensifying their overseas production capacity, viewing local production as a key driver for global competitiveness [6] - Companies like Linglong Tire are investing $1.193 billion in a production base in Brazil, aiming for an annual output of 14.7 million high-performance tires [6] - Other firms, such as North Special Technology and Zhongke Electric, are also establishing production bases in Thailand and Oman, respectively, to enhance their global supply chain [7] Group 4: Rising Trend of Overseas Mergers and Acquisitions - The number of disclosed overseas mergers and acquisitions by A-share companies has surpassed 60 in the first half of the year, with a focus on electronics, automotive parts, and machinery [9] - Companies are pursuing overseas acquisitions to enter emerging markets and enhance their technological capabilities, as seen with Dongshan Precision's dual acquisitions in the optical communication sector [9][10] - The strategy of overseas mergers and acquisitions is aimed at resource and market integration, with firms like Luoyang Molybdenum consolidating their overseas mineral resource reserves [10]

Key Points - The stock of Renle will be delisted on July 4, 2025 [1] - Hualing Steel has been acquired by Xintai Life Insurance with a shareholding ratio of 5% [1] - Vanke A has applied for a loan of up to 6.249 billion yuan from Shenzhen Metro Group [1] - ST Yazhen has completed stock trading verification and will resume trading tomorrow [1] - Aerospace Chuangxin has regained procurement qualifications for military material engineering services [1] - Shangwei New Materials' controlling shareholder is planning a major event, and the stock will remain suspended [1] - Changling Hydraulic's actual controller is planning a change of control, and the stock will be suspended from tomorrow [1] - China Merchants Bank has been approved to establish China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan [1] - Liugang Co. has experienced a potential irrational speculation risk with its stock [1] Operating Performance - Brothers Technology expects a net profit increase of 325% to 431.25% year-on-year for the first half of the year [1] - Huayin Power anticipates a net profit increase of 175 million to 215 million yuan year-on-year for the first half [1] - Xutian Salt Industry expects a net profit decrease of 76.34% to 80.29% year-on-year for the first half [1] - Juguang Technology expects a net loss of 42 million to 54 million yuan for the first half [1] - Beibu Gulf Port reported a cargo throughput of 31.1158 million tons in June, a year-on-year increase of 2.56% [1] - China Nuclear Power generated 115.104 billion kWh of electricity in the first half, a year-on-year increase of 15.92% [1] - Changyuan Power completed a power generation of 16.715 billion kWh in the first half, a year-on-year decrease of 8.3% [1] - Poly Developments signed contracts worth 29.011 billion yuan in June, a year-on-year decrease of 30.95% [1] Shareholding Changes - Jingye Da's actual controller plans to reduce holdings by no more than 3% [1] - Deyi Cultural Creation's actual controller Wu Tifang plans to reduce holdings by no more than 3% [1] - Caifu Trend's actual controller and chairman plan to reduce holdings by no more than 3% [1] - Annuo Qi's actual controller plans to reduce holdings by no more than 2% [1] - Suotong Development's actual controller and concerted actors plan to reduce holdings by no more than 2.21% [1] - Dingsheng Co.'s controlling shareholder plans to reduce holdings by no more than 1.71% [1] - Weitang Industrial's controlling shareholder plans to reduce holdings by no more than 1.95% [1] - Jinlong Automobile's Fujian Investment Group plans to reduce holdings by no more than 1% [1] - Wanye Enterprises' Guosheng Capital plans to reduce holdings by no more than 0.2% [1] - Zhonggang Luonai's Guoxin Shuangbai No.1 plans to reduce holdings by no more than 0.5% [1] - Funeng Technology's Shenzhen Anyan Investment plans to reduce holdings by no more than 1% [1] - Ankang Technology's Shenzhen High-tech Investment plans to reduce holdings by no more than 3% [1] - Donglai Technology plans to reduce no more than 1.2048 million repurchased shares [1] - Qujiang Cultural Tourism's controlling shareholder's 12 million shares are set to be auctioned [1] - Hesheng Silicon Industry's controlling shareholder plans to exchange no more than 1% of shares for ETF shares [1] Contract Awards - Boshi Co. signed an outsourcing service contract worth 109 million yuan with Guangxi Petrochemical [1] - Zhongyou Engineering's subsidiary signed a contract worth 294 million USD for the Atavi GMP pipeline project with Total Energy [1] - China Electric Power Construction's subsidiary signed a mining transportation project contract worth approximately 5.063 billion yuan [1] Other Developments - Xingxin New Materials plans to invest in a project with an annual output of 153,000 tons of polyolefin amine series products [4] - Haishun New Materials plans to acquire Sirewen Company to expand the application of electronic film materials in the semiconductor field [4] - Wankai New Materials is undergoing production reduction and maintenance, which is expected to significantly impact overall operating performance [4] - Donghu High-tech is participating in the establishment of the Donggao Frontier Phase II Fund to improve the development model of the park operation sector [4] - Jiete Biological plans to participate in the establishment of an industrial fund primarily investing in early and mid-stage biopharmaceutical projects [4] Asset Sales - Nord Shares plans to sell 70% equity of its wholly-owned subsidiary Jiangsu Lianxin for 70 million yuan [5]

Group 1: Company Announcements - China Merchants Bank has received approval to establish a wholly-owned subsidiary, China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan, aimed at market-oriented debt-to-equity swaps and equity investment pilot projects [3] - Aerospace Chengtong has had its qualification for military material engineering service procurement restored after completing internal investigations and appeals [4] - Funiu Co.'s controlling shareholder has obtained a loan commitment of up to 162 million yuan from Bank of China Fujian Branch to increase its stake in the company [5] - Jiete Bio plans to establish a partnership fund with a total investment of 50.01 million yuan, focusing on early and mid-stage biopharmaceutical projects [6] - ST Yazhen's stock will resume trading on July 4 after completing a review due to a significant price deviation [7] - Xingxin New Materials intends to invest approximately 800 million yuan in a project to produce 153,000 tons of polyolefin amine series products in the China-Malaysia Qinzhou Industrial Park [8] - Changling Hydraulic's controlling shareholder is planning a change in control, leading to a temporary suspension of trading [9] - Xinda Real Estate's affiliate will provide up to 240 million yuan for asset renovation projects, with a 7-year term and a 5% annual interest rate [10] Group 2: Major Contracts - China Electric Power Construction has signed a mining transportation project contract worth approximately 5.063 billion yuan in Guinea, with a total project duration of about 72 months [12] - China Oil Engineering's subsidiary has signed a contract worth 294 million USD (approximately 2.122 billion yuan) for the Atawi GMP pipeline project in Iraq, which will positively impact future revenues and profits [13] - Boshi Co. has entered into an outsourcing service contract with China National Petroleum Corporation, valued at 109 million yuan over a 3-year period [14] Group 3: Performance Updates - Poly Developments reported a 30.95% year-on-year decrease in June contract amount to 29.011 billion yuan, with a total of 145.171 billion yuan for the first half of the year, down 16.25% [16] - Huayin Power expects a net profit increase of 175 to 215 million yuan for the first half of 2025, driven by increased power generation and reduced fuel costs [17]

证券代码：600339 证券简称：中油工程 公告编号：临 2025-033 中国石油集团工程股份有限公司 关于子公司中标项目签署合同的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 2. 合同履行期限：合同生效后 33 个月达到试运条件，36 个月具备临时验收条件， 38 个月提交竣工资料，之后进入 24 个月质保期。 3. 对上市公司当期业绩的影响：该合同履行对公司本年度的资产总额、净资产和 净利润等不构成重大影响。由于合同履行期较长，该合同实施后将对公司未来 3-4 年 的营业收入和利润总额产生一定积极影响。 4. 特别风险提示：在合同履行过程中如果遇到市场、经济、政治等不可预计的或 不可抗力等因素，有可能会影响合同正常履行，提请广大投资者注意投资风险。 2025 年 6 月，管道局工程公司收到道达尔能源发来的阿塔维 GMP 管道项目授标函， 确定管道局工程公司为项目中标人，具体内容详见公司于 2025 年 6 月 6 日发布的"中 油工程关于子公司项目中标的公告"（公告编号：临2025-025）。近日，管道局 ...

Core Viewpoint - The company has signed an EPSCC contract worth $294 million (approximately 2.12 billion RMB) with TotalEnergies for the midstream gas pipeline project in Iraq's Atawi oil field, which is expected to positively impact the company's revenue and profit over the next 3-4 years [1] Group 1 - The contract duration is set for 33 months to reach trial operation conditions, 36 months for temporary acceptance, and 38 months for submission of completion documents, followed by a 24-month warranty period [1] - This project is a significant part of TotalEnergies' integrated gas growth initiative (GGIP project), aimed at enhancing Iraq's electricity supply capacity through the development of natural resources [1] - Successful implementation of the contract is anticipated to have a positive effect on the company's future operating income and total profit [1]

1. Report Industry Investment Rating There is no information provided about the industry investment rating in the given content. 2. Core Viewpoints of the Report - The cease - fire of the Israel - Iran conflict led to a significant decline in international oil prices [1] - The report provides a comprehensive analysis of the weekly data of the US crude oil and refined oil markets, including prices, inventories, production, demand, and import - export volumes [2] - It also presents the performance of the petroleum and petrochemical sector and related listed companies, along with their valuations [21][24] 3. Summary According to Relevant Catalogs 3.1 Crude Oil Weekly Data Briefing - The data sources include Bloomberg, WIND, EIA, TSA, Baker Hughes, and the Dongwu Securities Research Institute [8][9] 3.2 This Week's Petroleum and Petrochemical Sector Market Review 3.2.1 Petroleum and Petrochemical Sector Performance - Information on the sector's performance includes the sector's sub - industry price changes and the trend of the sector's sub - industries and the CSI 300 index [17] - Data sources are WIND and the Dongwu Securities Research Institute [15][20] 3.2.2 Performance of Listed Companies in the Sector - The report shows the price changes of major companies in the upstream sector in different time periods (last week, last month, last three months, last year, and since the beginning of 2025) [22] - A valuation table for listed companies is provided, including share prices, total market values, net profits attributable to the parent company, PE, and PB ratios from 2024 to 2027 [24] 3.3 Crude Oil Sector Data Tracking 3.3.1 Crude Oil Price - Analyzes the prices and price differences of Brent, WTI, Urals, ESPO crude oils, and the relationships between crude oil prices and the US dollar index, copper prices [29][39][43] - Data sources are WIND and the Dongwu Securities Research Institute [30][32][34] 3.3.2 Crude Oil Inventory - Examines the correlation between US commercial crude oil inventory and oil prices, and the relationship between the weekly destocking rate of US commercial crude oil and the price change of Brent crude oil [45][46] - Presents data on US total crude oil inventory, commercial crude oil inventory, strategic crude oil inventory, and Cushing crude oil inventory [48][49][53] - Data sources are WIND and the Dongwu Securities Research Institute [45][48][49] 3.3.3 Crude Oil Supply - Analyzes US crude oil production, the number of active crude oil rigs, and the number of active fracturing fleets, as well as their relationships with oil prices [57][58] - Data sources are WIND and the Dongwu Securities Research Institute [57][59] 3.3.4 Crude Oil Demand - Analyzes US refinery crude oil processing volume, refinery operating rate, and Shandong refinery operating rate [62][64] - Data sources are WIND and the Dongwu Securities Research Institute [63][64] 3.3.5 Crude Oil Import and Export - Analyzes US crude oil import volume, export volume, net import volume, and the import - export volume of crude oil and petroleum products [67][70] - Data sources are WIND and the Dongwu Securities Research Institute [68][69][70] 3.4 Refined Oil Sector Data Tracking 3.4.1 Refined Oil Price - Analyzes the prices and price differences between crude oil and domestic/US/European/Singapore gasoline, diesel, and jet fuel, as well as the wholesale - retail price differences of domestic gasoline and diesel [75][84][90] - Data sources are WIND and the Dongwu Securities Research Institute [75][77][82] 3.4.2 Refined Oil Inventory - Presents data on US gasoline, diesel, aviation kerosene inventories, and Singapore gasoline and diesel inventories [102][105][111] - Data sources are WIND and the Dongwu Securities Research Institute [102][106][112] 3.4.3 Refined Oil Supply - Analyzes US gasoline, diesel, and aviation kerosene production [117][118][120] - Data sources are WIND and the Dongwu Securities Research Institute [119][120] 3.4.4 Refined Oil Demand - Analyzes US gasoline, diesel, aviation kerosene consumption, and the number of airport security checks for passengers [122][125][129] - Data sources are WIND and the Dongwu Securities Research Institute [123][126][130] 3.4.5 Refined Oil Import and Export - Analyzes the import - export situation and net export volume of US gasoline, diesel, and aviation kerosene [132][135][136] - Data sources are WIND and the Dongwu Securities Research Institute [133][136][137] 3.5 Oil Service Sector Data Tracking - Analyzes the average daily rates of self - elevating and semi - submersible drilling platforms in the industry [146][147][149] - Data sources are WIND and the Dongwu Securities Research Institute [146][148][150]

Summary of Key Points Core Viewpoint - China Petroleum Engineering Corporation (the company) has disclosed its guarantee situation for May 2025, indicating a total of 34 guarantees amounting to approximately 107 million RMB, with no overdue guarantees reported. The total guarantee balance as of May 31, 2025, is approximately 47.02 billion RMB, which represents 177.36% of the company's audited net assets as of December 31, 2024 [1][3]. Group 1: Guarantee Situation - In May 2025, the company and its subsidiaries executed a total of 34 guarantees, all of which were credit guarantees, amounting to approximately 107 million RMB [1][3]. - The cumulative number of overdue external guarantees is zero, indicating no overdue guarantees as of the reporting date [1][3]. Group 2: Annual Guarantee Limit - The company approved a maximum guarantee amount of 51.126 billion RMB for 2025, which includes 50.301 billion RMB for subsidiaries with a debt-to-asset ratio above 70% and 8.25 million RMB for those below 70% [2]. - The new bank credit guarantee limit is capped at 18.958 billion RMB, while the performance guarantee limit is set at 32.168 billion RMB [2]. Group 3: Financial Ratios and Risks - As of May 31, 2025, the total guarantee balance is approximately 47.02 billion RMB, which is 177.36% of the company's audited net assets as of December 31, 2024 [1][3]. - The company has provided no guarantees to its controlling shareholders or related parties, emphasizing a focus on managing guarantee risks [1][3].

证券代码：600339 证券简称：中油工程 公告编号：临 2025-032 中国石油集团工程股份有限公司 关于 2025 年 5 月份担保发生情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 中国石油集团工程股份有限公司（以下简称"公司"）分别于 2024 年 12 月 13 日和 2024 年 12 月 30 日召开第九届董事会第五次临时会议和 2024 年第四次临时股东大会，审议通 过了《关于公司 2025 年度担保预计情况的议案》，公司因担保发生频次较高，逐笔披露不便， 因此按月汇总披露公司及子公司实际发生的担保情况。 2025 年 5 月，公司及子公司对所属各级分、子公司实际发生的担保共计 34 笔，均为 授信担保，担保金额约 1.07 亿元。 对外担保逾期的累计数量：公司无逾期的对外担保。 特别风险提示：截至 2025 年 5 月 31 日，公司及子公司的担保余额折合人民币约 470.20 亿元，占公司截至 2024 年 12 月 31 日经审计净资产的比例为 177.36%。提醒投资 ...