油服设备行业深度报告 投资要点： 2026 年 2 月 27 日 分析师：谢少威 SAC 执业证书编号： S0340523010003 电话：0769-23320059 邮箱： xieshaowei@dgzq.com.cn 机械设备（申万）指数走势 资料来源：iFind，东莞证券研究所 相关报告 机械设备行业 标配 （维持） 供需共振紧抓放量机遇，油服设备将迎新周期 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 ◼ 多因素托底，支撑油价修复。全球经济温和复苏为原油需求提供坚实支撑， 美元流动性边际宽松利好油价估值修复。全球主要产油国主动控量导致供给 弹性受限，推动市场处于紧平衡格局，叠加地缘局势等因素影响共同托底油 价，有望中期维持偏强运行趋势。 ◼ 需求温和复苏，去库格局确立。全球原油需求呈温和复苏、结构分化态势， 2025-2026年需求增速稳步增长，印度为全球边际增量核心，中国稳健增长形 成支撑，欧美凭借高基数提供存量托底，区域需求特征明确且韧性凸显。库 存端完成关键格局切换，2025年原油市场因供给 ...

（文章来源：证券日报） 证券日报网讯 2月24日，石化机械在互动平台回答投资者提问时表示，公司截至2026年2月13日股东人 数为34007户。 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 天眼查资料显示，中石化石油机械股份有限公司，成立于1998年，位于武汉市，是一家以从事专用设备 制造业为主的企业。企业注册资本95566.7689万人民币。通过天眼查大数据分析，中石化石油机械股份 有限公司共对外投资了15家企业，参与招投标项目1813次，专利信息1838条，此外企业还拥有行政许可 25个。 中石化氢能机械（武汉）有限公司，成立于2024年，位于武汉市，是一家以从事科技推广和应用服务业 为主的企业。企业注册资本24519万人民币。通过天眼查大数据分析，中石化氢能机械（武汉）有限公 司参与招投标项目2275次，专利信息45条，此外企业还拥有行政许可9个。 国家知识产权局信息显示，中石化石油机械股份有限公司取得一项名为"一种带冷却结构的双活塞增压 缸"的专利，授权公告号CN115750265B，申请日期为2022年11月。 ...

Group 1 - The overall sentiment towards the petrochemical machinery market is neutral, with a target price of 9.00 yuan, indicating a potential upside of 14.21% from the latest price of 7.70 yuan [1] - The institution forecasts a 300% year-on-year increase in net profit for 2026, but warns of performance decline risks in 2025 [1] Group 2 - Over the past week (as of February 13, 2026), the stock price of petrochemical machinery has shown a downward trend, with a cumulative decline of 4.47% over five days [2] - On February 13, the stock dropped by 2.28%, closing at 7.70 yuan, with a net outflow of 15.28 million yuan in principal funds [2] - Financing data indicates a net outflow of 6.40 million yuan on February 12, with financing balances at a low level [2] - The oil and gas equipment service sector declined by 1.76%, underperforming the broader market [2]

证券日报网讯2月11日，石化机械（000852）在互动平台回答投资者提问时表示，公司截至2026年2月10 日股东人数为34712户。 ...

证券研究报告 原油周报：美国原油产量下降，后续关注美伊谈判进展 大化工首席分析师：陈淑娴，CFA 执业证书编号：S0600523020004 联系方式：chensx@dwzq.com.cn 石化化工分析师：周少玟 执业证书编号：S0600525070005 联系方式：zhoushm@dwzq.com.cn 2026年2月8日 请务必阅读正文之后的免责声明部分 投资要点 ◼ 【美国原油】 2 ◼ 1）原油价格：本周Brent/WTI原油期货周均价分别67.7/63.5美元/桶，较上周分别-0.9/+0.1美元/桶。 ◼ 2）原油库存：美国原油总库存、商业原油库存、战略原油库存、库欣原油库存分别8.4/4.2/4.2/0.2亿桶，环比-324/- 346/+21/-74万桶。 ◼ 3）原油产量：美国原油产量为1322万桶/天，环比-48万桶/天。美国活跃原油钻机本周412台，环比+1台。美国活跃压 裂车队本周148部，环比-3部。 ◼ 4）原油需求：美国炼厂原油加工量为1603万桶/天，环比-18万桶/天；美国炼厂原油开工率为90.5%，环比-0.4pct。 ◼ 5）原油进出口量：美国原油进口量、出口量、净进口量 ...

（文章来源：证券日报） 证券日报网讯 2月2日，石化机械在互动平台回答投资者提问时表示，截至2026年1月30日股东人数为 36747户。 ...

Group 1 - The core viewpoint of the news is that Sinopec Oilfield Machinery Co., Ltd. is expecting a significant decline in its net profit for the year 2025, primarily due to the downturn in international oil prices and reduced investment in oil and gas exploration [2][3] Group 2 - As of January 30, 2026, Sinopec Oilfield Machinery's stock closed at 8.1 yuan, down 1.46%, with a turnover rate of 5.16%, a trading volume of 488,000 shares, and a transaction value of 393 million yuan [1] - The company forecasts a net profit attributable to shareholders for 2025 to be between 8 million and 11 million yuan, representing a year-on-year decline of 89% to 92% [2] - The expected net profit after deducting non-recurring gains and losses is projected to be a loss of 25 million to 28 million yuan, a year-on-year decrease of 132% to 136% [2] - The decline in performance is attributed to the decrease in international oil prices, leading to a drop in both the volume and price of products and services, despite efforts in cost control [2][3]

Group 1 - China Petroleum & Chemical Corporation (Sinopec) has applied for a patent titled "Directional Cooling Working Blade Drill Bit," with publication number CN121407849A, filed on October 2025. The invention includes a drill body and multiple cutting teeth, featuring at least one injection tooth with a hard alloy matrix and a composite layer on its top surface. The design aims for precise cooling, structural toughness, and high compatibility [1] - Sinopec was established in 2000 and is based in Beijing, primarily engaged in oil and gas extraction. The company has a registered capital of approximately 12.17 billion RMB and has invested in 269 enterprises, participated in 5,000 bidding projects, and holds 5,000 patent records [1] Group 2 - Sinopec Petroleum Machinery Co., Ltd. was founded in 1998 and is located in Wuhan, focusing on specialized equipment manufacturing. The company has a registered capital of approximately 955.67 million RMB, has invested in 15 enterprises, participated in 1,807 bidding projects, and holds 1,819 patent records [2]

Group 1 - The company expects a decline in operating performance for the period from January 1, 2025, to December 31, 2025, due to adverse market conditions [1] - The preliminary performance forecast has not been audited by the accounting firm, but there are no discrepancies between the company and the auditor regarding this forecast [1] - The decline in performance is attributed to a decrease in international oil prices, leading to reduced upstream oil and gas exploration investments, resulting in a drop in both volume and price of the company's main products and services [1] Group 2 - The performance forecast is based on preliminary calculations by the company's finance department, with final figures to be disclosed in the 2025 annual report [2] - The company has designated specific media outlets for information disclosure, including "China Securities Journal," "Securities Times," "Shanghai Securities Journal," and the website www.cninfo.com.cn [2]