2025 年 9 月 26 日 公司研究 事件：公司发布《关于子公司签订项目合同的公告》，全资子公司中国石化集团 国际石油工程有限公司与道达尔能源拉塔维项目公司就伊拉克拉塔维油区二期 井场及井间管线项目（NWP 项目）正式签署设计、采购、供应、施工、试运交 钥匙（EPSCC）固定总价合同，合同金额 3.59 亿美元，约合人民币 25.53 亿元。 点评： 中标金额占公司 24 年营收的 3.15%，与国际能源巨头合作进一步深化。公司本 次签约的 NWP 项目为 EPSCC 合同，工期 41 个月，涉及 5 座新生产及回注井场、 11 座老井场改造升级、44 条集输管线约 140 公里。中标金额为 3.59 亿美元， 约占公司中国会计准则下 2024 年营业收入的 3.15%，项目预计 2029 年 3 月 31 日实现机械完工。项目合作方道达尔能源拉塔维项目公司是道达尔为开发伊拉克 拉塔维油田而专门成立的项目公司，本次项目中标彰显公司在石油工程建设领域 的专业技术水平和施工管理能力，有助于深化公司和国际能源巨头的合作，是公 司在海外市场开拓的重大突破。 新签合同额稳步增长，持续拓展海外市场。公司大力提升工程技 ...

中化新网讯 9月24日，中国石化仪征化纤公司携怡然速干涤纶工装面料、防砸劳保鞋等劳动保护系列产 品亮相第四届易派客工业品展览会暨石油石化工业展览会。 轻柔保暖絮片则利用熔喷布生产装置研制，性能与同重量羽绒相当，不仅实现了保暖材料的自主创新， 还为服装加工企业提供了阻燃和远红外两种特殊功能冬装用絮片。 仪纶防静电工装面料作为合成纤维，能在保障防静电性能的同时适用于紫外线不强的户外环境，有效解 决产业工人在室外工作闷热的难题。 图为展会现场。 怡然速干涤纶工装面料以回收聚酯瓶为原料，经粉碎清洗、熔融挤出等工艺将其制成再生涤纶短纤维， 并通过创新技术赋予其永久抗菌、吸湿排汗等功能。这种面料强度高、耐磨抗皱，清洗后易干燥、不褪 色，能有效抑制细菌滋生，保持皮肤干爽舒适。 防砸劳保鞋拥有抗压性能的对位芳纶鞋头、超高分子量聚乙烯纤维防刺中底，有轻量化、高强度、耐高 温、抗切割、抗穿刺、阻燃等多重优势，既能满足各类严苛作业环境的防护需求，又能最大程度提升穿 着的舒适性。 ...

9月24日晚间，石化油服发布公告，其全资子公司国工公司与道达尔能源拉塔维项目公司签署了伊拉克 拉塔维油区二期井场及井间管线项目的固定总价合同，合同金额为3.59亿美元（约25.53亿元人民币）。 项目工期为41个月，涉及新生产及回注井场、老井场改造升级和集输管线等，结算方式为按里程碑节点 和工程进度付款，将对公司未来3—4年的营业收入和利润总额产生积极影响。 据悉，道达尔能源公司是一家总部位于法国巴黎库尔贝瓦的全球化能源巨头，成立于1924年。道达尔能 源拉塔维项目公司是为道达尔能源公司开发伊拉克拉塔维油田而专门成立的项目公司。 长江商报记者注意到，9月12日，石化油服还曾发布中标信息，公司全资子公司中石化石油工程建设有 限公司中标国家石油天然气管网集团有限公司相关工程总承包项目，中标金额为8.58亿元。 ●长江商报记者 汪静 石化油服（600871.SH）再度传来好消息。 9月24日晚间，石化油服发布公告，其全资子公司签署伊拉克拉塔维油区二期井场及井间管线项目相关 合同，合同金额为3.59亿美元（约25.53亿元人民币）。该合同金额预计占公司2024年营业收入的 3.15%。 2025年以来，石化油服连签大 ...

近日，工业和信息化部公布2025年5G工厂名录。仪征化纤"仪化5G纤智工厂"、九江石化5G+智能工 厂、中安联合5G智慧工厂入选。 仪征化纤与运营商深度合作，协同部署5G工业专网、时间敏感网络（TSN）、工业全光网络，构建高 速、可靠、智能的新型工业网络基础设施，通过5G网络切片与企业内网深度融合，实现移动视频监控 实时回传、关键机泵状态监测等关键业务数据低时延传输，全厂2700余台设备稳定接入工业全光网络， 实现海量数据实时交互。九江石化不断强化5G建设及应用，以数据中心为中枢，智能化重构信息通信 基础设施，与运营商协同建设16个5G和9个NB（窄带物联网）基站，应用于施工作业管控、动设备状 态监控，并开展北斗技术深度应用，推动网络安全与运维服务一体化集中管控，5G智能巡检实现9个生 产运行单位全覆盖。中安联合以打造5G智慧工厂为目标，依托5G技术实现数据实时传输，构建"端—边 —云"协同的一体化信息基础设施；建成5G专用网络，实时接入数万台设备数据，搭建工业互联网平 台；部署5G+应用体系，实现煤炭、化工两大板块一体化管理，推动生产、供应、销售全流程数字化与 智能化运营。（刘玉福 邓 颖 赵天奇） 转自： ...

Group 1 - The Ministry of Commerce and eight other departments issued a notice to promote service exports, emphasizing the support for digital services, high-end design, R&D, and green services [1] - The Ministry of Industry and Information Technology and six other departments released a work plan for the construction materials industry, prohibiting new capacity and implementing risk warnings [1] - The People's Bank of China will conduct a 600 billion yuan MLF operation on September 25, with a net injection of 300 billion yuan, marking the seventh consecutive month of increased operations [1] Group 2 - The Ministry of Commerce announced a roundtable meeting in New York with Chinese-funded enterprises in the U.S., discussing business conditions and cooperation [1] - The Ministry of Housing and Urban-Rural Development reported that 21,700 urban old residential communities were renovated in the first eight months of the year, with a target of 25,000 by 2025 [1] - The State Administration for Market Regulation is soliciting public opinions on the basic requirements for food delivery platform service management [1] Group 3 - Alibaba Group's CEO stated that the company is committed to an open-source approach and is advancing a 380 billion yuan AI infrastructure construction plan [1] - Shanghai Zhiyuan Hengyue Technology Partnership plans to acquire 149 million shares of a company, representing 37% of its total equity, at a price of 7.78 yuan per share [1] - The carbon emissions trading market in China has seen a cumulative transaction volume of nearly 700 million tons and a transaction value of approximately 48 billion yuan as of the end of August [1]

Market Overview - The short-term index is expected to maintain an upward trend after a period of consolidation and profit-taking [1][15] - The US stock market experienced declines for two consecutive trading days, with the Dow Jones down 0.37%, Nasdaq down 0.33%, and S&P 500 down 0.28% [4] - Notable tech stocks showed mixed performance, with Tesla up 4.0% and Amazon down 0.2% [4] Economic Data - In August, new home sales in the US increased to an annualized total of 800,000 units, up 20.5% from July's 664,000 units, exceeding market expectations [4] - International oil prices reached a seven-week high, with WTI crude oil rising 2.49% to $64.99 per barrel and Brent crude oil increasing 2.48% to $69.31 per barrel [4] - Gold prices fell from record highs, with COMEX gold futures for September delivery down 1.28% to $3,732.10 per ounce [4] Policy Developments - The Ministry of Commerce and eight other departments issued guidelines to promote digital consumption, focusing on supply-demand coordination and proposing 14 specific measures [5] - A set of 13 policy measures to support service exports was announced, including the development of international data service businesses and the facilitation of cross-border data flow [6] Industry Insights - The Ministry of Industry and Information Technology released a work plan for the building materials industry, aiming for recovery and growth in profitability from 2025 to 2026, with a target of over 300 billion yuan in revenue from green building materials by 2026 [7] - A public consultation was initiated regarding mandatory national standards for automotive door handles, emphasizing safety and accessibility [8] Company Announcements - Wanhua Chemical expects a net profit increase of 69.81% to 109.77% year-on-year for the first three quarters of 2025, driven by strategic sales adjustments and increased exports [10] - Sinopec Oilfield Services signed a contract worth $359 million for a project in Iraq, expected to contribute 3.15% to the company's 2024 revenue [11] - Mengke Pharmaceutical's major shareholder opposed a proposed stock issuance plan that would lead to a change in control [12] - Shanghai Zhiyuan Hengyue plans to acquire 37% of Shangwei New Materials at a price of 7.78 yuan per share, with a total funding requirement of 1.16 billion yuan [13] - China Jushi announced a share repurchase plan not exceeding 400 million shares, with a total amount of up to 880 million yuan [14]

Core Viewpoint - The company has signed a fixed-price contract worth approximately $359.12 million (about RMB 2.553 billion) with Total Energies for the NWP project in Iraq, which is expected to positively impact the company's revenue and profits over the next 3-4 years [2][3][10]. Group 1: Contract Details - The contract is for the design, procurement, supply, construction, and commissioning of the NWP project, with a duration of 41 months [3]. - The contract amount is approximately RMB 2.553 billion, which accounts for about 3.15% of the company's projected revenue for 2024 [2][3]. - The contract will be executed in the Iraq Ratawi oil area, with mechanical completion expected by March 31, 2029 [7][8]. Group 2: Counterparty Information - Total Energies is a global energy giant headquartered in Courbevoie, France, established in 1924, and the Ratawi project company was specifically formed to develop the Ratawi oil field in Iraq [4]. Group 3: Impact on the Company - The contract is not expected to have a significant impact on the company's total assets, net assets, or net profit for the year 2025 [10]. - The long-term nature of the contract is anticipated to generate positive effects on the company's revenue and profit totals over the next 3-4 years [10]. - The implementation of this contract will not affect the company's independence, and the main business will not become dependent on the counterpart [10].

Key Points - Huatian Technology is planning to acquire semiconductor power device company Huayi Microelectronics, leading to a stock suspension starting September 25, 2025, with a transaction proposal expected within 10 trading days [1] - Shanghai Zhiyuan Hengyue plans to make a tender offer to acquire 37% of the shares of Shangwei New Materials at a price of 7.78 yuan per share, requiring a maximum total funding of 1.161 billion yuan [2] - Jingzhida has delivered its first high-speed testing machine to a key domestic customer, enhancing its competitive position in the semiconductor storage testing equipment market [2] - Changchuan Technology has reduced its total shareholding by 1.78% due to stock price fluctuations, with no significant changes in its business operations [3] - Heng Rui Pharmaceutical has signed a licensing agreement for its innovative drug SHR-A1811, potentially earning up to $1.093 billion in milestone payments [4] - Guoxin Technology's shareholders plan to collectively reduce their holdings by up to 4.5% due to fund exits [5] - Huasoft Technology's existing light-initiated agent products are expected to contribute less than 2% to its 2024 revenue [5] - Lin Yang Energy has won a procurement project from the State Grid worth approximately 142 million yuan, expected to positively impact its future performance [8] - Wanhui High-tech anticipates a net profit increase of 69.81%-109.77% year-on-year for the first three quarters of 2025, driven by improved sales strategies and reduced raw material costs [13]

Group 1 - Shanghai Zhiyuan Hengyue plans to acquire 37% of the shares of Shangwei New Materials at a price of 7.78 yuan per share, requiring a maximum total funding of 1.16 billion yuan [1] - The acquisition period is set for 30 calendar days, from September 29, 2025, to October 28, 2025 [1] - Zhiyuan Hengyue and Zhiyuan Xinchuan intend to acquire at least 63.62% and up to 66.99% of Shangwei New Materials' shares [2] Group 2 - Heng Rui Pharmaceutical has signed a licensing agreement for the innovative drug SHRA1811, receiving an upfront payment of 18 million dollars and is eligible for up to 1.093 billion dollars in milestone payments [3] - The agreement aims to expand the overseas market for SHRA1811 and enhance the company's innovative brand and overseas performance [3] Group 3 - Tian Shili's subsidiary has received approval for clinical trials of TSL2109 capsules, a dual-target small molecule inhibitor for advanced solid tumors, with no similar drugs currently in clinical trials [4] - The cumulative R&D investment in TSL2109 capsules by Jiangsu Diyi has reached 24.6251 million yuan [4] Group 4 - Wanhui High-tech expects a net profit of 340 million to 420 million yuan for the first three quarters, representing a year-on-year growth of 69.81% to 109.77% [5]

Group 1 - The core point of the article is that Sinopec Oilfield Service Corporation has signed a fixed-price contract worth approximately $359.12 million (around RMB 2.55 billion) with TotalEnergies for the Iraq Ratawi oil field project [1] - The contract includes design, procurement, supply, construction, and trial operation services for the second phase of the Ratawi oil field and pipeline project [1] - As of the report date, Sinopec Oilfield Service's market capitalization is approximately RMB 39.2 billion [1] Group 2 - For the first half of 2025, Sinopec Oilfield Service's revenue composition is as follows: drilling accounts for 51.45%, engineering construction 23.47%, special downhole operations 14.68%, others 10.53%, and logging 8.24% [1]