Core Viewpoint - The stock of Sinopec Oilfield Service Corporation has experienced fluctuations, with a recent decline of 2.16% and a total market capitalization of 42.843 billion yuan, reflecting mixed investor sentiment and market activity [1]. Financial Performance - For the period from January to September 2025, Sinopec Oilfield Service achieved a revenue of 55.163 billion yuan, representing a year-on-year growth of 0.51%. However, the net profit attributable to shareholders decreased by 1.05% to 669 million yuan [2]. - The company has cumulatively distributed 2.084 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - As of October 30, the stock price of Sinopec Oilfield Service was 2.26 yuan per share, with a trading volume of 336 million yuan and a turnover rate of 1.08% [1]. - The stock has seen a year-to-date increase of 10.78%, but has declined by 8.13% over the last five trading days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent occurrence on October 22 [1]. Shareholder Information - As of September 30, 2025, the number of shareholders for Sinopec Oilfield Service was 107,500, a slight decrease of 0.05% from the previous period [2]. - The largest circulating shareholder is Hong Kong Central Clearing Limited, holding 95.692 million shares, an increase of 43.255 million shares from the previous period [3].

Group 1: Macro and Market Insights - The report outlines three quantitative indicators from the "14th Five-Year Plan" that provide a clear roadmap for economic development over the next five years: steady improvement in total factor productivity, significant increase in household consumption rate, and maintaining economic growth within a reasonable range [1] - The A-share and Hong Kong stock markets are expected to continue strong performance, with a monthly stock selection for November 2025 including companies like Sunking Electronics and Tencent Holdings [1] Group 2: High-end Manufacturing Industry - The year 2026 is anticipated to be a breakthrough year for humanoid robots, with strong optimism for the humanoid robot industry [2] - The liquid cooling industry is expected to see increased penetration driven by improvements in power density and reductions in PUE [2] - The PCB equipment industry is projected to maintain high prosperity as manufacturers accelerate the expansion of high-end PCB capacity [2] - Solid-state battery materials are seeing continuous R&D achievements, with equipment orders expected to increase due to market demand [2] - Recommendations include companies like Ampere Dragon and Giant Star Technology [2] Group 3: Non-ferrous Metals Industry - In Q3 2025, the proportion of non-ferrous metal heavy stocks held by active equity funds increased to 5.72%, with notable increases in copper and tin holdings [3] - Investment suggestions highlight that supply supports price increases for copper, aluminum, and rare earths, while precious metals benefit from a weakened US dollar and a rate cut cycle [3] - Recommended stocks include Zijin Mining and Western Mining [3] Group 4: Banking Sector Insights - China Merchants Bank reported a steady increase in net interest income and a significant rise in wealth management income, with a revenue growth rate improving by 1.2 percentage points quarter-on-quarter [5] - Qingdao Bank achieved a revenue of 11 billion yuan in the first three quarters, a 5% year-on-year increase, with a net profit growth of 15.5% [6] - Jiangyin Bank's revenue reached 3.2 billion yuan, growing by 6.2% year-on-year, with a net profit increase of 13.4% [7] - China Bank's revenue growth was 2.7%, with a positive trend in profitability and asset quality [8] - Chengdu Bank reported a revenue of 17.8 billion yuan, a 3% increase, with a net profit growth of 5% [9] Group 5: Chemical and Petrochemical Sector - Jiufeng Energy's Q3 performance was impacted by short-term disturbances, leading to a slight downward adjustment in profit forecasts for 2025-2027 [10] - Yangnong Chemical reported steady growth in pesticide raw material sales, with a positive outlook for the industry [11] - Satellite Chemical's profit forecasts were adjusted downward due to rising ethane prices, but the company is expected to maintain growth [12] Group 6: Food and Beverage Sector - Ganyuan Foods reported a revenue of 1.533 billion yuan in the first three quarters, a decrease of 4.53% year-on-year, with a significant drop in net profit [22] - Lihai Foods showed strong sales momentum in core customers, with a bright outlook for its cream business [23] - Haitian Flavor Industry achieved a revenue of 21.63 billion yuan in the first three quarters, with a slight adjustment in profit forecasts [24] - Yanjinpuzi reported a revenue increase of 14.67% year-on-year, with a notable rise in net profit [25] Group 7: Home Appliance and New Energy Sector - Shun'an Environment is transitioning from a leader in refrigeration components to a benchmark in refrigeration and new energy vehicle thermal management components, with a target price set at 20.39 yuan [21]

Core Viewpoint - The financial performance of Sinopec Oilfield Service Corporation (石化油服) for Q3 2025 shows a slight increase in total revenue but a decline in net profit, indicating mixed operational results and challenges in cash flow management [1][3]. Financial Performance Summary - Total revenue for Q3 2025 reached 55.163 billion yuan, a year-on-year increase of 0.51% [1]. - Net profit attributable to shareholders was 669 million yuan, down 1.05% year-on-year [1]. - The gross profit margin improved to 8.42%, up 6.26% year-on-year, while the net profit margin decreased to 1.21%, down 1.54% year-on-year [1]. - The company reported a significant increase in operating cash flow per share, which rose by 289.91% to 0.16 yuan [1]. - Accounts receivable represented 1449.18% of net profit, indicating a high level of receivables relative to profit [1][4]. Debt and Cash Flow Analysis - The company’s interest-bearing debt increased by 15.93% to 29.944 billion yuan, leading to an interest-bearing asset-liability ratio of 38.09% [2][4]. - Cash and cash equivalents amounted to 4.989 billion yuan, reflecting a 36.67% increase [1]. Business Operations and Contracts - The company signed new contracts worth 63.67 billion yuan in the first half of 2025, a 3.2% increase year-on-year, with expectations to exceed 95 billion yuan in total new contracts for the year [6][7]. - The revenue growth has been slower than the increase in new contracts due to the long construction cycles of engineering projects [7]. International Expansion - The company is focusing on high-end overseas business development, with significant projects in Saudi Arabia and Kuwait, enhancing its market share in unconventional drilling services [8]. Dividend Policy and Financial Recovery - The company plans to use capital reserves to cover losses, aiming to restore dividend payments, contingent on achieving positive retained earnings by the end of 2025 [9][10].

Market Overview - The oil service engineering sector increased by 0.33% compared to the previous trading day, with Keli Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Keli Co., Ltd. (code: 920088) closed at 34.82, with a rise of 2.87% and a trading volume of 31,900 shares, amounting to a transaction value of 109 million yuan [1] - Huibo Yin (code: 002554) closed at 3.45, up 2.37%, with a trading volume of 852,700 shares, totaling 291 million yuan [1] - Zhongman Petroleum (code: 619609) closed at 20.10, increasing by 1.57% with a trading volume of 95,300 shares [1] - Other notable stocks include Beiken Energy (code: 002828) at 11.59 (+1.40%), Qianeng Hengxin (code: 300191) at 20.49 (+1.19%), and Tongyuan Petroleum (code: 300164) at 5.99 (+1.01%) [1] Capital Flow - The oil service engineering sector experienced a net outflow of 61.94 million yuan from institutional investors, while retail investors saw a net inflow of 58.92 million yuan [2][3] - The main capital inflow and outflow for specific stocks include: - Huibo Yin: net outflow of 46.79 million yuan from main capital [3] - Ren Zhi Co., Ltd. (code: 002629): net inflow of 13.97 million yuan from main capital [3] - Zhongman Petroleum: net inflow of 13.35 million yuan from main capital [3] - Tongyuan Petroleum: net inflow of 11.08 million yuan from main capital [3]

Group 1 - The core point of the news is that southbound funds have reduced their holdings in Sinopec Oilfield Service Corporation (01033.HK) by 28.848 million shares on October 28, 2025, marking a decrease of 3.38% [1][2] - Over the past five trading days, there have been three days of net reductions in holdings, totaling 2.812 million shares [1][2] - In the last 20 trading days, there were 14 days of net increases in holdings, amounting to a total of 40.736 million shares [1][2] Group 2 - As of now, southbound funds hold 824 million shares of Sinopec Oilfield Service, which represents 15.23% of the company's total issued ordinary shares [1][2] - Sinopec Oilfield Service is engaged in providing comprehensive oil and gas engineering and technical services, operating through five divisions [2] - The divisions include geophysical engineering, drilling engineering, logging engineering, downhole operations, and engineering construction, each focusing on various aspects of oil and gas exploration and production [2]

Group 1 - The core point of the article is that PetroChina's oil service company (SH 600871) announced its board meeting to discuss the performance assessment responsibility for the management team for the year 2025 and the 2025-2027 term [1] - For the first half of 2025, the revenue composition of PetroChina's oil service company 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] - As of the report date, the market capitalization of PetroChina's oil service company is 43.6 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market and a new "slow bull" pattern emerging [1]

Group 1 - The core viewpoint of the article is that PetroChina's oil service company reported mixed financial results for the third quarter of 2025, with a slight increase in revenue but a significant decline in net profit [1] Group 2 - The company's operating revenue for the third quarter reached 18.112 billion yuan, representing a year-on-year increase of 0.3% [1] - The net profit attributable to shareholders of the listed company was 177 million yuan, showing a year-on-year decrease of 21.2% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 124 million yuan, reflecting a year-on-year decline of 25.7% [1]

证券简称：石化油服 证券代码：600871 编号：临2025-038 中石化石油工程技术服务股份有限公司 关于减少注册资本、取消监事会暨 修订《公司章程》及其附件的公告 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 担法律责任。 中石化石油工程技术服务股份有限公司（"公司"）于 2025 年 10 月 28 日召开第十一届董事会第十次会议（"会议"），会议审议并通过 了《关于修订<公司章程>及其附件暨取消监事会的议案》。具体情况 如下： 一、本次修订相关制度及取消监事会的背景和依据 本次修订完成后，公司将不再设置监事会和监事，公司第十一届 董事会审计委员会将行使《公司法》规定的监事会的职权，《中石化 石油工程技术服务股份有限公司监事会议事规则》等监事会相关制度 相应废止。 有关《公司章程》及其附件的修订暨取消监事会的议案将提请公 司股东会审议，同时提请股东会同意授权董事会秘书办理与修订《公 司章程》及其附件有关的事宜，该等事宜包括但不限于根据监管机构 的意见对《公司章程》及其附件作出适当且必要的修改或调整、办理 《公司章程》变更所需的市 ...

证券简称：石化油服 证券代码：600871 编号：临2025-037 中石化石油工程技术服务股份有限公司 与会监事经过认真审议，通过了以下议案： 1、审议通过了《公司2025年度第三季度报告》（该项议案同意 票7票，反对票0票，弃权票0票） 公司监事会认为，公司 2025 年第三季度报告编制和审议程序符 合法律、法规、《公司章程》和公司内部管理的各项规定，内容和格 式符合中国证监会和境内外监管机构的各项规定，真实地反映了公司 第三季度的经营管理和财务状况。未发现参与季报编制和审议的人员 有违反保密规定的行为。 《公司 2025 年第三季度报告》于 2025 年 10 月 29 日在上海证券 交易所网站 http://www.sse.com.cn、《中国证券报》、《上海证券 报》和《证券时报》披露。 特此公告。 中石化石油工程技术服务股份有限公司监事会 2025 年 10 月 28 日 1 第十一届监事会第七次会议决议公告 本公司监事会及全体监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 担法律责任。 一、 监事会会议召开情况 中石化石油工程技术服务股份有限 ...

证券简称：石化油服 证券代码：600871 编号：临2025-036 中石化石油工程技术服务股份有限公司 第十一届董事会第十次会议决议公告 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 担法律责任。 重要内容提示： 一、董事会会议召开情况 中石化石油工程技术服务股份有限公司(以下简称"本公司"或 "公司")于2025年10月14日以电邮方式发出召开公司第十一届董事 会第十次会议的通知，于2025年10月28日在中国北京市朝阳区朝阳门 北大街22号中国石化大厦2号楼2601会议室召开了第十一届董事会第 十次会议。会议由董事长吴柏志先生主持，会议应到7名董事，实际7 名董事亲自出席了会议。公司部分高级管理人员列席了会议。本次会 议召开符合《中华人民共和国公司法》和《中石化石油工程技术服务 股份有限公司章程》（以下简称"《公司章程》"）的规定。 二、董事会会议审议情况 与会董事经过认真审议和表决，通过了以下议案： （一）审议通过本公司2025年第三季度报告。（该项议案同意票 7票，反对票0票，弃权票0票） 经公司第十一届董事会审计委员会第八次 ...