每经AI快讯，西南证券8月29日发布研报称，给予中海油服（601808.SH，最新价：14.01元）买入评 级。评级理由主要包括：1）钻井板块平台利用率显著增长，运营质效持续提升；2）油技板块科技驱 动，构建一体化工程服务体系；3）船舶服务作业量上升，装备资源储备及调配能力提高；4）物探板块 盈利能力修复。风险提示：国际油价波动风险、汇率变动风险、境外经营不及预期风险。 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 （记者 王晓波） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 ...

Key Insights - The report highlights the stable recovery of the macroeconomic environment, with Japan's GDP growth exceeding expectations in Q2 and manufacturing PMI showing unexpected improvement, leading to a rise in the Nikkei 225 index to a historical high [2][3] - The report emphasizes the investment opportunities in the "AI+" sector, particularly in hardware and infrastructure, driven by government policies promoting AI development [3][4] - The report discusses the performance of specific companies, such as Xiaoxiong Electric and Water Well, noting their revenue growth and strategic focus on product innovation and channel health [5][6][10][12] Company Performance - Xiaoxiong Electric reported a total revenue of 2.535 billion yuan in H1 2025, a year-on-year increase of 18.94%, with a net profit of 205 million yuan, up 27.32% [5] - Water Well's H1 2025 revenue was 1.5 billion yuan, with a net profit decline of 56.5%, indicating challenges in demand but a focus on channel health [6] - Guolian Minsheng's H1 2025 revenue reached 4.011 billion yuan, a significant increase of 269%, with net profit soaring by 1185% due to the consolidation of Minsheng Securities [7] Industry Trends - The "AI+" initiative is expected to accelerate the development of related industries, with a focus on hardware such as AI glasses and smart home devices [3] - The report notes the increasing demand for data center services, with companies like WanGuo Data expanding their operations and achieving significant order growth [16] - The banking sector shows signs of stability, with several banks reporting steady growth in net profit and revenue, indicating a resilient financial environment [10][19][23]

Core Viewpoint - The company reported strong financial performance in the first half of 2025, with significant growth in net profit and operational efficiency across various segments [1][2][3]. Group 1: Financial Performance - In H1 2025, the company achieved revenue of 23.32 billion yuan, a year-on-year increase of 3.5%, and a net profit attributable to shareholders of 1.96 billion yuan, up 23.3% [1]. - For Q2 2025, revenue reached 12.52 billion yuan, reflecting a 1.1% year-on-year growth, with net profit of 1.08 billion yuan, increasing by 12.5% [1]. - The company's net profit forecast for 2025-2027 is 3.62 billion, 3.96 billion, and 4.26 billion yuan, respectively, indicating a compound annual growth rate of 11% [3]. Group 2: Business Segments - The drilling services segment generated revenue of 7.24 billion yuan in H1 2025, a 12.8% increase year-on-year, with a gross margin of 12.9%, up 1.9 percentage points [1]. - The oilfield technology services segment reported revenue of 12.38 billion yuan, a decrease of 3.5% year-on-year, while focusing on an integrated engineering service model [2]. - The ship service segment saw revenue of 2.61 billion yuan, a 19.8% increase year-on-year, with a total of 41,510 operating days, up 27.6% [2]. - The geophysical exploration segment maintained revenue at 1.1 billion yuan, with a gross margin improvement of 7.0 percentage points [2]. Group 3: Operational Efficiency - The company improved operational efficiency in its drilling business, with self-elevating and semi-submersible platform operating days increasing by 10.5% and 10.8%, respectively [1]. - The company successfully completed the world's first 100,000-ton floating platform installation and towing, setting a new benchmark in offshore engineering [2].

Core Viewpoint - UBS reports that CNOOC Services (02883, 601808.SH) achieved a net profit of 1.964 billion RMB in the first half of this year, representing a year-on-year growth of 23%, with revenue reaching 23.3 billion RMB, up 3.5% year-on-year, meeting expectations [1] Financial Performance - CNOOC Services' net profit for H1 is 1.964 billion RMB, a 23% increase year-on-year [1] - Revenue for the same period is 23.3 billion RMB, reflecting a 3.5% year-on-year growth [1] Forecast and Valuation - UBS slightly raised the earnings forecast for 2025 to 2027 by 1-2% [1] - The target price has been adjusted from 9.8 HKD to 10.8 HKD based on discounted cash flow valuation, maintaining a "Buy" rating [1] Business Outlook - Domestic operations of CNOOC Services are expected to remain stable [1] - Contracts for overseas drilling platforms are secured until 2027 to 2030, with strong potential for daily rental rates [1] Strategic Initiatives - The company is designing fully domestically produced drilling platforms and is pursuing low-cost strategies to adapt to a low oil price environment [1] - In oil well services, revenue decline is attributed to short-term interruptions, but future growth is anticipated to be driven by technological advancements, albeit at a stable growth rate [1]

智通财经APP获悉，瑞银发布研报称，中海油田服务(02883,601808.SH)今年上半年净利润为19.64亿元 人民币(同比增长23%)，收入为233亿元人民币(同比增长3.5%)，表现符合预期。瑞银略微上调2025至27 年盈利预测1-2%，在更新估值并基于现金流折现法将目标价从9.8港元上调至10.8港元，评级"买入"。 瑞银表示，中海油服国内业务将保持稳定;海外钻井平台合同已签至2027至2030年，海外日租率可能保 持强势。中长期来看，公司正在设计完全国产化的钻井平台，并寻求低成本策略以应对低油价环境。油 井服务上，瑞银引述中海油服管理层表示，收入下降是由于短期中断造成。该行料未来增长将由技术进 步推动，但增长将保持稳定。 ...

Core Viewpoint - Morgan Stanley has downgraded the earnings forecasts for CNOOC Services (02883) for the next two years by 3.5% and 5% due to lower-than-expected EBIT from oil well services in the first half of the year [1] Group 1: Financial Performance - The downgrade in earnings estimates is attributed to a correction in domestic onshore service pricing and a decrease in revenue from cementing and drilling fluid businesses [1] Group 2: Target Price and Rating - Morgan Stanley has reduced the target price for CNOOC Services (601808) from HKD 10 to HKD 9 while maintaining an "Overweight" rating [1]

Market Overview - The Shanghai Composite Index is at 3812.43 points, above the annual line, with a change of 0.32% [1] - The total trading volume of A-shares is 1,230.98 billion yuan [1] Stocks Breaking Annual Line - 23 A-shares have broken above the annual line today, with notable stocks including Chuangyi Information, Zhongfu Information, and Qifeng New Materials, showing divergence rates of 11.29%, 5.02%, and 3.05% respectively [1] - Stocks with smaller divergence rates that have just crossed the annual line include Guizhou Tire, Andisoo, and Haier Smart Home [1] Top Stocks by Divergence Rate - Chuangyi Information (300366) has a daily increase of 13.27% and a divergence rate of 11.29% [1] - Zhongfu Information (300659) has a daily increase of 6.91% and a divergence rate of 5.02% [1] - Qifeng New Materials (002521) has a daily increase of 3.24% and a divergence rate of 3.05% [1] Additional Stocks with Minor Divergence - Anuoqi (300067) shows a daily increase of 2.60% with a divergence rate of 1.87% [1] - Henglin Shares (603661) has a daily increase of 2.56% and a divergence rate of 1.35% [1] - Other stocks with minor divergence rates include Rabbit Baby (002043), Landun Optoelectronics (300862), and Transsion Holdings (688036) [1]

Company Overview - CNOOC Services Co., Ltd. is primarily engaged in oil and gas exploration, development, and production, with key business segments including drilling services (27.34% of revenue), oilfield technical services (57.26%), marine services (9.87%), and geophysical exploration services (5.53%) [1] - The company was established on December 25, 2001, and was listed on September 28, 2007 [1] Financial Performance - For the first half of 2025, CNOOC Services reported a revenue of 23.32 billion yuan, representing a year-on-year growth of 3.51%, and a net profit attributable to shareholders of 1.964 billion yuan, which is a 23.33% increase year-on-year [2] - CNOOC Services has distributed a total of 15.492 billion yuan in dividends since its A-share listing, with 2.866 billion yuan distributed over the past three years [3] Stock Performance - As of August 28, CNOOC Services' stock price increased by 2.05% to 14.47 yuan per share, with a market capitalization of 69.045 billion yuan [1] - Year-to-date, the stock has decreased by 3.66%, but has seen a 3.95% increase over the past 20 days and an 8.97% increase over the past 60 days [1] Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 4.90% to 68,200, with an average of 0 circulating shares per person [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 12.1671 million shares, and several ETFs, with notable changes in holdings among the top ten shareholders [3]

瑞银发表研究报告指，中海油田服务上半年净利润为19.64亿元(年增23%)，收入为233亿元(年增3.5%)， 表现符合预期。中海油服国内业务将保持稳定；海外钻井平台合同已签至2027至2030年，海外日租率可 能保持强势。中长期来看，公司正在设计完全国产化的钻井平台，并寻求低成本策略以应对低油价环 境。瑞银略微上调2025至27年盈利预测1-2%，将目标价从9.8港元上调至10.8港元，评级"买入"。 ...

Core Viewpoint - UBS reports that CNOOC's oilfield services achieved a net profit of 1.964 billion yuan, an increase of 23% year-on-year, with revenue of 23.3 billion yuan, up 3.5% year-on-year, meeting expectations [1] Group 1: Financial Performance - CNOOC's net profit for the first half of the year is 1.964 billion yuan, reflecting a year-on-year growth of 23% [1] - The company's revenue stands at 23.3 billion yuan, showing a year-on-year increase of 3.5% [1] Group 2: Business Outlook - Domestic operations are expected to remain stable [1] - Contracts for overseas drilling platforms are secured until 2027 to 2030, indicating strong potential for overseas daily rental rates [1] Group 3: Strategic Initiatives - The company is designing fully domestically produced drilling platforms and is pursuing low-cost strategies to adapt to a low oil price environment [1] - UBS has slightly raised the earnings forecast for 2025 to 2027 by 1-2% and increased the target price from 9.8 HKD to 10.8 HKD, maintaining a "Buy" rating [1]