中国海洋石油有限公司是一家主要业务为勘探、开发、生产及销售原油和天然气的投资控股公司。该公 司通过三个部门开展业务。勘探及生产（E&P）部门主要经营常规油气业务，页岩油气业务，油砂业务 和其他非常规油气业务。贸易业务部门主要从事原油和天然气的进出口贸易。公司业务部门主要从事技 术研发、资产管理、产品销售以及其它业务。该公司在中国国内和海外市场开展业务，业务遍及亚洲、 非洲、北美洲、南美洲、大洋洲和欧洲。 证券之星消息，12月18日南向资金减持1644.25万股中国海洋石油（00883.HK）。近5个交易日中，获南 向资金减持的有5天，累计净减持7481.65万股。近20个交易日中，获南向资金减持的有10天，累计净减 持5412.13万股。截至目前，南向资金持有中国海洋石油（00883.HK）102.09亿股，占公司已发行普通 股的21.47%。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

（文章来源：证券日报） 证券日报网讯 12月18日，通源石油在互动平台回答投资者提问时表示，三桶油是公司国内的主要客 户，公司与其长期保持稳固的合作关系。2025年上半年三桶油的营业收入占比约11%。 ...

格隆汇12月18日｜南下资金今日净买入港股12.57亿港元。其中： 据统计，南下资金已连续15日净买入小米，共计147.5053亿港元；连续7日净买入美团，共计59.9241亿 港元；连续6日净卖出中海油，共计20.9138亿港元；连续5日净卖出中国移动，共计28.8582亿港元。(格 隆汇) 净买入小米集团-W 9.03亿、美团-W 4.34亿、长飞光纤光缆3.69亿、农业银行2.11亿、腾讯控股1.07亿； | | 沪股通 | | | 深股通 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 深鉄転 | 净买入额(亿) | 成交额 | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | | 阿里巴巴-W | -1.3% | 0.87 | 25.32亿 | 阿里巴巴-W | -1.3% | -2.43 | 16.86 Z | | 小米菲国-W | -2.5% | 3.49 | 20.44亿 | 中金公司 | 2.5% | 0.13 | 12.22 亿 | | 长飞光纤光镜 | -0.7% | 2.51 | 17.85 Z | ...

从资金流向上来看，当日油气开采板块主力资金净流入7630.83万元，游资资金净流出1085.25万元，散户 资金净流出6545.58万元。油气开采板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | | 游资净占比 散户净流入 (元) 散户净占比 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 600759 洲际油气 | | 4503.57万 | 3.81% | -1169.01万 | -0.99% | -3334.56万 | -2.82% | | 600938 中国海油 | | 3679.08万 | 4.44% | -306.24万 | -0.37% | -3372.83万 | -4.07% | | 000968 蓝焰控股 | | -32.02万 | -0.78% | 46.81万 | 1.15% | -14.79万 | -0.36% | | 600777 | *ST新潮 | -519.79万 | -16.38% | 343.19万 | 10.82% | 176.60万 | 5.57% ...

主力资金净流出的行业有23个，电子行业主力资金净流出规模居首，全天净流出资金110.42亿元，其次 是电力设备行业，净流出资金为73.47亿元，净流出资金较多的还有机械设备、非银金融、计算机等行 业。 石油石化行业今日上涨1.25%，全天主力资金净流入1.86亿元，该行业所属的个股共47只，今日上涨的 有37只；下跌的有5只。以资金流向数据进行统计，该行业资金净流入的个股有24只，其中，净流入资 金超千万元的有7只，净流入资金居首的是洲际油气，今日净流入资金4905.09万元，紧随其后的是中国 石油、中国海油，净流入资金分别为4724.80万元、4514.62万元。石油石化行业资金净流出个股中，净 流出资金居前的有恒逸石化、中国石化、中油工程，净流出资金分别为2153.40万元、1870.91万元、 879.93万元。（数据宝） 沪指12月18日上涨0.16%，申万所属行业中，今日上涨的有12个，涨幅居前的行业为银行、煤炭，涨幅 分别为1.97%、1.89%。石油石化行业位居今日涨幅榜第三。跌幅居前的行业为电力设备、通信，跌幅 分别为2.22%、1.58%。 资金面上看，两市主力资金全天净流出325.78亿元 ...

Group 1 - Southbound funds reduced their holdings in China National Offshore Oil Corporation (CNOOC) by 13.79 million shares on December 17 [1] - Over the past 5 trading days, there have been 5 days of net reductions by southbound funds, totaling 66.86 million shares [1] - In the last 20 trading days, there were 10 days of net reductions, amounting to 54.51 million shares [1] - Currently, southbound funds hold 10.225 billion shares of CNOOC, representing 21.5% of the company's total issued ordinary shares [1] Group 2 - CNOOC is primarily engaged in the exploration, development, production, and sale of crude oil and natural gas [2] - The company operates through three main departments: Exploration and Production (E&P), Trading, and Business Services [2] - The E&P department focuses on conventional oil and gas, shale oil and gas, oil sands, and other unconventional oil and gas operations [2] - The Trading department is involved in the import and export of crude oil and natural gas [2] - The Business Services department handles technology research and development, asset management, product sales, and other services [2] - CNOOC conducts its operations in both domestic and international markets across Asia, Africa, North America, South America, Oceania, and Europe [2]

Core Viewpoint - The implementation of the Hainan Free Trade Port's closure operation is set to reshape the island's industrial logic, leading to a new Hainan characterized by higher technological content and a more solid industrial foundation [2][28]. Trade Policy Changes - Starting December 18, 2025, Hainan will officially implement a new trade policy characterized by "one line open, two lines controlled, and free circulation within the island" [2]. - The scope of "zero tariff" goods will expand from approximately 1,900 tax items to about 6,600 tax items, covering around 74% of all goods [3]. - The management of imported "zero tariff" goods will shift from a "positive list" to a "negative list" model, allowing for broader exemptions from tariffs unless specifically prohibited [4]. Agricultural Development - Hainan has long served as China's "natural greenhouse" for seed breeding, leveraging its unique tropical climate for accelerated breeding cycles [7]. - The establishment of the Hainan South Breeding Industry Group aims to enhance the province's seed industry development, having introduced over 25,600 tropical fruit and medicinal crop germplasm resources [8]. - The transition to a standardized, industrialized service model in agriculture is underway, supported by the new trade policies [9]. Logistics and Transportation - The launch of a cross-strait low-altitude drone logistics route significantly enhances logistics efficiency, reducing transport times from hours to minutes [11]. - Hainan's geographical characteristics make low-altitude logistics a necessity, with plans for further development in this area [12][13]. Commercial Aerospace - The completion of the first phase of the reusable rocket assembly and testing facility in Hainan marks a significant step in the commercial aerospace sector [14]. - The "zero tariff" policy is expected to lower procurement costs for high-tech manufacturing companies, enhancing Hainan's attractiveness for aerospace investments [15]. Marine Resources and Energy - The "Deep Sea No. 1" project, China's first ultra-deepwater gas field, has begun full production, significantly contributing to the country's energy capabilities [20][21]. - The successful operation of this gas field is part of a broader strategy to enhance Hainan's role in marine oil and gas production [24]. - Hainan is also transitioning towards clean energy, with a target to ban the sale of fuel vehicles by 2030, supported by a high percentage of clean energy installations [25][26]. Infrastructure Development - The launch of the Hainan 500 kV digital power grid marks a significant enhancement in the island's electricity transmission capacity [27]. - Ongoing infrastructure improvements are crucial for supporting the energy transition and ensuring stability in the power grid [27]. Conclusion - The closure operation is not merely about creating a shopping paradise but is set to transform Hainan into a hub of innovation and industrial development across various sectors [28].

Group 1 - The report forecasts that the Brent crude oil price will fluctuate around $60-65 per barrel in 2026, with potential short-term increases due to geopolitical factors [3][6][7] - The midstream and downstream sectors are expected to improve, driven by a global economic resonance from the Federal Reserve's interest rate cuts and supply-side contractions due to anti-involution policies [3][7] - Investment opportunities are highlighted in cyclical growth stocks, coal chemical equipment investments, and high-dividend sectors [3][8] Group 2 - In 2025, oil prices are projected to oscillate between $60-70 per barrel, with a slight recovery in midstream and downstream sectors [6][7] - The report outlines a three-phase oil price trend in 2025, characterized by initial declines, a subsequent recovery, and a final drop influenced by geopolitical tensions and OPEC's production decisions [6][27] - Natural gas prices are expected to decrease due to increased LNG supply, with the JKM and TTF gas prices showing a downward trend compared to the previous year [6][30] Group 3 - The chemical industry is experiencing a weak recovery, with structural improvements in end-consumer demand, particularly in the textile sector, although domestic consumption remains under pressure [7][56] - The report anticipates an upward trend in industry prosperity as global interest rate cuts stimulate economic activity [7][8] - Key investment themes include cyclical opportunities, growth stocks, and companies benefiting from the coal chemical investment cycle [8][9] Group 4 - The report emphasizes the importance of high-quality growth stocks, particularly in the coal chemical sector and energy companies with stable cash flows and high dividend yields [8][9] - Specific companies highlighted for potential investment include Satellite Chemical, Baofeng Energy, and high-dividend firms like CNOOC, PetroChina, and Sinopec [8][9] - The report also notes the expected benefits for companies involved in high-end material imports and coal chemical equipment investments as the domestic coal chemical investment cycle unfolds [8][9]

Core Points - The Hainan Free Trade Port will officially start its full island closure on December 18, 2025, implementing a new regulatory framework for the entry and exit of goods, which includes a shift to a "negative list" management system for zero-tariff imports [2][3][29] - The new policies are expected to significantly enhance Hainan's role in various industries, including agriculture, logistics, and commercial aerospace, moving beyond the perception of being merely a shopping destination [3][29] Agriculture Sector - Hainan is a key player in China's hybrid corn seed production, with a significant portion of seed breeding materials being transported to Hainan for accelerated breeding cycles due to its favorable climate [4][5] - The establishment of the Hainan South Breeding Industry Group aims to enhance the province's agricultural development, having introduced over 25,600 tropical fruit and medicinal crop resources [5][6] - The transition from a traditional breeding model to a standardized, industrialized service model is underway, supported by the new policies that lower procurement costs for essential research materials [6][7] Logistics and Transportation - The launch of a cross-strait low-altitude drone logistics route significantly reduces transportation time, enhancing Hainan's logistics efficiency [8][9] - The development of low-altitude economy is seen as a strategic necessity for Hainan, with plans to establish a comprehensive air transport network to improve connectivity across the island [10][11] Commercial Aerospace - The completion of the first phase of the reusable rocket assembly and testing facility in Hainan marks a significant advancement in China's commercial aerospace capabilities [12][13] - The zero-tariff policy is expected to lower procurement costs for high-tech manufacturing companies, further attracting investment in the aerospace sector [14][15] Marine Resources - The "Deep Sea No. 1" project, China's first ultra-deepwater gas field, has begun full production, significantly contributing to the country's energy output [19][20] - The successful operation of this gas field is part of a broader strategy to enhance Hainan's marine resource development and establish it as a hub for energy services [22][23] Energy Transition - Hainan aims to ban the sale of fuel vehicles by 2030, with a current clean energy installation rate of 87.1%, indicating a strong push towards renewable energy [25][26] - The completion of the 500 kV digital power grid project enhances the island's electricity transmission capacity, supporting the transition to a more sustainable energy model [28][29]

Group 1 - China National Offshore Oil Corporation (CNOOC) is actively promoting the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on integrating this spirit into the development of a world-class green chemical technology company [1] - The session emphasizes the importance of optimizing and upgrading traditional industries, which strengthens the confidence and clarity of goals for companies like Dayukou in their transformation journey [1] - Fudao Company is translating the session's spirit into development momentum by focusing on comprehensive utilization of natural gas in the South China Sea and advancing green ammonia and green alcohol technologies [1] Group 2 - The session calls for deepening state-owned enterprise reform to strengthen and optimize state-owned enterprises and capital [2] - Huhe Company emphasizes the importance of meticulous operations and striving for excellence to support overall quality improvement and structural upgrades [2] - The port is integrating the session's spirit with smart port construction and logistics network expansion, aiming to enhance operational efficiency through advanced technologies like 5G and artificial intelligence [2]