Market Overview - The A-share market experienced slight fluctuations, with the Shanghai Composite Index consolidating around the 4000-point mark, while the ChiNext Index, Shenzhen Component Index, North Star 50, and Sci-Tech 50 all fell over 1% [1] - Over 4000 stocks declined, with trading volume remaining stable [1] Pharmaceutical Sector - The pharmaceutical sector showed strong performance, particularly in the pharmaceutical commercial segment, reaching a new high for the year [2] - Stocks such as Yiyigou and Renmin Tongtai saw significant gains, with Yiyigou hitting a 20% limit up shortly after opening [2][3] - The flu season is approaching, with the National Health Commission indicating that flu activity is currently at a moderate level across 23 provinces, which is expected to drive demand for vaccines and antiviral drugs [3] Oil Sector - The oil industry saw a broad increase, with oil service engineering stocks performing particularly well, reaching a new high for the year [4] - The oil and gas extraction sector, including shale gas and combustible ice, also experienced gains, with major companies like PetroChina and Sinopec seeing significant stock price increases [4] - The Longqing Oilfield reported a cumulative shale oil production exceeding 20 million tons, marking a new phase in large-scale development [4] Financial Performance - In the first three quarters of 2025, 17 listed oil service companies reported a total revenue of 186.3 billion yuan, a year-on-year increase of 4.03%, and a net profit of 8.416 billion yuan, up 6.29% [5] - Long-term prospects for the oil sector remain positive due to geopolitical uncertainties and recovering macroeconomic conditions, with a favorable outlook for major oil companies and the oil service sector [5]

Core Viewpoint - Oil and gas stocks are experiencing a strong performance, with notable increases in share prices for companies such as Sinopec Oilfield Services and Shandong Molong, driven by significant developments in shale oil production in China [1] Group 1: Company Performance - Sinopec Oilfield Services (01033) saw an increase of 8.97%, trading at 0.85 HKD [1] - Shandong Molong (00568) rose by 7.33%, with shares priced at 4.39 HKD [1] Group 2: Industry Developments - China's largest shale oil production base, Changqing Oilfield, has achieved a cumulative production of over 20 million tons, marking a significant milestone in the country's "shale revolution" [1] - The Ministry of Natural Resources has indicated plans to accelerate the standardization of emerging and future industries during the 14th Five-Year Plan, focusing on deep-sea and deep-earth resources [1] - Several provinces are incorporating "deep earth economy" as a core direction in their respective 14th Five-Year Plans [1]

Core Viewpoint - The market experienced a downturn in the morning session, with the ChiNext Index falling over 1%, while the banking sector saw significant gains, with Agricultural Bank of China and Industrial and Commercial Bank of China reaching historical highs [1] Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.26 trillion yuan, an increase of 9 billion yuan compared to the previous trading day [1] - Over 4,000 stocks in the market declined, indicating a broad-based sell-off [1] Sector Analysis - The banking sector performed well, with both Agricultural Bank of China and Industrial and Commercial Bank of China hitting new historical highs [1] - The robotics sector showed localized activity, with Shoukai Co., Ltd. hitting the daily limit [1] - The oil and gas sector strengthened, with PetroChina and China Oilfield Services both reaching the daily limit [1] - The food and beverage sector also performed strongly, with Sanyuan Foods and Zhongrui Co., Ltd. achieving three consecutive trading limit increases, and COFCO Sugar achieving two consecutive trading limit increases [1] - Conversely, the superhard materials sector saw a collective decline, with World Group falling over 12% [1] - The photovoltaic sector experienced significant losses, with Tongwei Co., Ltd. and LONGi Green Energy both suffering substantial declines [1] Index Performance - By the end of the session, the Shanghai Composite Index fell by 0.24%, the Shenzhen Component Index decreased by 1.07%, and the ChiNext Index dropped by 1.58% [1]

Market Overview - The Shanghai Composite Index increased by 0.27% as of 10:28 AM, with a trading volume of 61.67 billion shares and a transaction value of 893.47 billion yuan, a decrease of 6.50% compared to the previous trading day [1] Industry Performance - The top-performing industries included: - Oil and Petrochemicals: Increased by 1.77% with a transaction value of 8.62 billion yuan, led by Sinopec Oilfield Service, which rose by 10.21% [1] - Banking: Increased by 1.52% with a transaction value of 15.41 billion yuan, led by Agricultural Bank of China, which rose by 2.89% [1] - Home Appliances: Increased by 1.01% with a transaction value of 14.36 billion yuan, led by Beiyikang, which rose by 10.78% [1] - The worst-performing industries included: - Communication: Decreased by 1.33% with a transaction value of 34.89 billion yuan, led by Yongding Co., which fell by 5.45% [2] - Electric Power Equipment: Decreased by 1.25% with a transaction value of 148.46 billion yuan, led by Canadian Solar, which fell by 13.92% [2] - National Defense and Military Industry: Decreased by 0.92% with a transaction value of 16.72 billion yuan, led by Triangle Defense, which fell by 7.34% [2] Stock Performance - A total of 1,864 stocks rose, with 49 hitting the daily limit, while 3,394 stocks fell, with 2 hitting the lower limit [1]

Core Viewpoint - The stock of PetroChina Oilfield Services Co., Ltd. (SH600871) reached its daily limit up, closing at 2.59 yuan with a 10.21% increase, driven by improvements in cash flow and profitability, alongside breakthroughs in overseas markets [1][2]. Group 1: Company Performance - PetroChina Oilfield Services has shown a "steady yet concerning" operational trend, with significant positive factors emerging [2]. - The company secured a 2.553 billion yuan EPC project in Iraq, contributing 3.15% to its revenue, while a project in Ecuador has been postponed to 2039, providing further business opportunities [2]. - The net cash flow from operating activities turned positive at 2.151 billion yuan, a significant improvement from a negative 190 million yuan in the same period last year [2]. - The company's non-recurring net profit surged by 68.8% year-on-year to 424 million yuan, indicating enhanced profitability in its core operations [2]. Group 2: Industry Context - The oil engineering service industry has seen a recent uptick in demand, leading to improved market expectations for oil service companies [2]. - Data from Dongfang Caifu indicates that on November 12, 2025, there was a notable inflow of funds into the oil sector, with multiple oil service stocks performing actively, contributing to the limit-up of PetroChina Oilfield Services [2]. Group 3: Technical Analysis - The stock's technical indicators suggest that if the MACD forms a golden cross and the price breaks through significant resistance levels, it may attract more technical investors [2]. - Monitoring from Tonghuashun shows a significant net buying from large orders on the day, indicating strong capital inflow that propelled the stock to its limit-up [2].

Core Viewpoint - The company is focused on becoming a world-class technology-driven oil service provider through significant technological innovation and optimization of its R&D layout [1] Group 1: Technological Advancements - The company has achieved self-controlled key core technologies such as rotary steering, high-temperature while drilling measurement and control, efficient fracturing, node collection, and long-distance pipeline construction [1] - A series of industry-leading specialized technologies and excellent products have been developed, which strongly support the company's transformation and high-quality development [1]

New Stock Issuance - Multiple new stock issuances are scheduled for November 4, 2025, across various companies, including ST Zhongdi (000609) and Pingtan Development (000592) which reported significant abnormal fluctuations[1] - Jiangbolong (301308) and Xiangnong Xinchuan (300475) are among the companies with recent announcements prior to November 4, 2025[1] Abnormal Fluctuations - Pingtan Development (000592) reported severe abnormal fluctuations on November 4, 2025, indicating potential volatility in its stock performance[1] - Other companies such as ST Panda (600599) and ST Huapeng (603021) also reported abnormal fluctuations on the same date, suggesting a trend of instability in the market[1] Market Trends - The report highlights a growing trend of companies experiencing abnormal stock price movements, which may indicate increased market volatility and investor caution[1] - The presence of multiple companies with abnormal fluctuations could signal a broader market trend that investors should monitor closely[1]

Core Insights - The oil service engineering sector experienced a decline of 0.78% on November 4, with Keli Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Market Performance - The following companies in the oil service engineering sector reported their closing prices and percentage changes: - Renji Co., Ltd. (002629): Closed at 8.77, up 0.80% [1] - China Oil Engineering (600339): Closed at 3.61, down 0.28% [1] - Bomei Co. (603727): Closed at 14.10, down 0.42% [1] - CNOOC Services (601808): Closed at 14.54, down 0.48% [1] - CNOOC Development (600968): Closed at 3.90, down 0.51% [1] - Huibo Yin (002554): Closed at 3.67, down 0.54% [1] - Beiken Energy (002828): Closed at 11.62, down 0.68% [1] - Haikou Lihuan (600583): Closed at 5.57, down 0.71% [1] - Zhun Oil Co. (002207): Closed at 8.22, down 1.08% [1] - Sinopec Oilfield Services (600871): Closed at 2.26, down 1.31% [1] Capital Flow - The oil service engineering sector saw a net outflow of 147 million yuan from institutional investors and 120 million yuan from speculative funds, while retail investors had a net inflow of 267 million yuan [2] - The capital flow for specific companies is as follows: - China Oil Engineering (600339): Net inflow of 30.57 million yuan from institutional investors [3] - CNOOC Development (600968): Net inflow of 8.39 million yuan from institutional investors [3] - Renji Co., Ltd. (002629): Net inflow of 7.18 million yuan from institutional investors [3] - Sinopec Oilfield Services (600871): Net outflow of 20.82 million yuan from institutional investors [3] - Zhongman Petroleum (603619): Net outflow of 25.07 million yuan from institutional investors [3]

Core Insights - The oil service engineering sector experienced a rise of 1.98% on November 3, with Huibo Energy leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Huibo Energy (002554) closed at 3.69, with a significant increase of 10.15% and a trading volume of 885,600 shares, amounting to 314 million yuan [1] - Tongyuan Petroleum (300164) saw a rise of 3.94%, closing at 6.07 with a trading volume of 1,109,500 shares [1] - Beiken Energy (002828) increased by 3.82%, closing at 11.70 with a trading volume of 255,600 shares [1] - Other notable performers include Zhongman Petroleum (619809) up 3.44%, Haiding Tian Station (600583) up 3.12%, and PetroChina Engineering (600339) up 1.69% [1] Capital Flow - The oil service engineering sector saw a net inflow of 286 million yuan from institutional investors, while retail investors experienced a net outflow of 136 million yuan [2][3] - Huibo Energy attracted a net inflow of 79.89 million yuan from institutional investors, while retail investors withdrew 44.58 million yuan [3] - Tongyuan Petroleum had a net inflow of 57.54 million yuan from institutional investors, with retail investors withdrawing 36.61 million yuan [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中石化石油工程技術服務股份有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600871 | 說明 | 於上海證券交易所 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 13,569,378,551 | RMB | | | 1 RMB | | 13,569,378,551 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 13,569,378,551 | RMB | | | 1 RMB | | 13,569 ...