Core Viewpoint - The company, Petrochemical Machinery (000852.SZ), expects a significant decline in net profit for 2025, projecting a range of 8 million to 11 million yuan, which represents a decrease of 89% to 92% compared to the previous year [1] Financial Performance - The company anticipates a non-recurring loss of 25 million to 28 million yuan for 2025 [1] - The expected decline in net profit is attributed to a downturn in international oil prices, leading to reduced upstream oil and gas exploration investments [1] Operational Challenges - The company's main products and services are experiencing a simultaneous drop in both volume and price [1] - In response to these adverse conditions, the company is actively pursuing efficiency improvements and strict cost control measures [1] - Despite these efforts, the overall operating revenue is expected to decline, contributing to the anticipated decrease in performance [1]

南财智讯1月29日电，石化机械发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为800 万元—1100万元，同比预减89.00%—92.00%；预计2025年全年归属于上市公司股东的扣除非经常性损 益的净利润为亏损2500万元—2800万元。2025年，受国际油价震荡下行影响，上游油气勘探投资有所缩 减，公司主要产品和服务量价齐跌。为有效应对不利因素影响，公司积极开展挖潜增效活动，严格成本 费用管控，但由于整体营业收入有所下滑，导致业绩下降。 ...

Financial Performance Forecast - The estimated net profit attributable to shareholders for 2025 is projected to be between 8 million and 11 million yuan, representing a decline of 89% to 92% compared to the same period last year, which was 96.88 million yuan [3]. - The estimated net profit after deducting non-recurring gains and losses is expected to be a loss of 25 million to 28 million yuan, a decrease of 132% to 136% from last year's profit of 76.94 million yuan [3]. - The basic earnings per share for 2025 is forecasted to be between 0.0084 yuan and 0.0115 yuan, down from 0.1029 yuan per share in the previous year [3]. Factors Affecting Performance - The decline in performance is attributed to the downturn in international oil prices, leading to reduced upstream oil and gas exploration investments and a drop in both volume and price of the company's main products and services [5]. - The company is actively implementing cost control measures and efficiency improvement activities to mitigate adverse impacts, although overall operating revenue has decreased [5][6]. Audit and Disclosure - The performance forecast has not been audited by the accounting firm, but preliminary discussions indicate no discrepancies regarding the forecast [4]. - The specific financial data for 2025 will be disclosed in the company's annual report, and investors are advised to pay attention to investment risks [7].

Group 1 - The State Intellectual Property Office of China shows that Sinopec Four Machine Petroleum Machinery Co., Ltd. and Sinopec Petroleum Machinery Co., Ltd. have applied for a patent titled "A Polymer Powder Mixing Test Device and Test Method," with publication number CN121372138A and application date of September 2025 [1] - The patent describes a test device that includes a clear water tank, a mixer module, and a liquid storage tank, with multiple mixers arranged in parallel, allowing for selective testing of different mixing effects [1] - The invention aims to optimize the mixing concentration, output, and uniformity of the mixers by testing them individually or in parallel [1] Group 2 - Sinopec Four Machine Petroleum Machinery Co., Ltd. was established in 2012, located in Jingzhou, primarily engaged in the automotive manufacturing industry, with a registered capital of 600 million RMB [2] - The company has participated in 5,000 bidding projects and holds 678 patents, along with 85 administrative licenses [2] - Sinopec Petroleum Machinery Co., Ltd. was founded in 1998, located in Wuhan, focusing on specialized equipment manufacturing, with a registered capital of approximately 955.67 million RMB [2] - This company has made investments in 15 enterprises, participated in 1,803 bidding projects, and holds 1,805 patents, along with 25 administrative licenses [2]

Group 1 - The core viewpoint of the article is that the company, Petrochemical Machinery (000852), has enhanced its manufacturing and quality assurance capabilities through digital transformation in recent years [1] - The company has optimized and improved its production capacity as a result of these upgrades [1]

Group 1 - The company, Petrochemical Machinery (000852), reported that as of January 20, 2026, the number of shareholders is 41,412 [1]

Group 1 - The Shanghai Composite Index rose by 0.16%, the Shenzhen Component Index increased by 0.76%, and the ChiNext Index gained 0.85% on January 21 [2] - Precious metals, lead, and zinc sectors showed significant gains, with oil and gas ETFs also performing well, particularly the Boshi Oil and Gas ETF which rose by 1.00% [2] - The National Development and Reform Commission announced an increase in domestic gasoline and diesel prices by 85 yuan per ton, marking the first adjustment of retail price limits since 2026 [2] Group 2 - Natural gas power plants have become a crucial part of the U.S. electricity system, with natural gas being the primary fuel source since the shale gas revolution [3] - As of 2024, the U.S. natural gas generation capacity is projected to be approximately 571 gigawatts, accounting for 43% of total generation capacity, the highest among all power sources [3] - The EIA forecasts that the share of natural gas in power generation will be 40% by 2025, with total consumption expected to reach 91.8 billion cubic feet per day, reflecting a growth rate of around 4% over three years [3]

Core Insights - The Chinese reciprocating compressor industry is experiencing growth driven by both traditional and emerging demands, with a projected market size of 6 billion yuan by 2025, reflecting a year-on-year growth of 7.9% [1][11]. Industry Overview - Reciprocating compressors are defined as positive displacement compressors that compress gas by moving a piston within a cylinder [2]. - The industry is categorized under general equipment manufacturing and involves complex engineering disciplines such as mechanical engineering and materials science [2][4]. Market Demand - Traditional applications such as petrochemicals, coal chemicals, natural gas chemicals, and gas separation are the core demand markets, expected to account for over 60% of the market by 2025 [9][10]. - Emerging applications include polysilicon, hydrogen production, green hydrogen, hydrogen liquefaction, and hydrogen fuel cells, creating new demand for high-pressure and high-purity compressors [1][11]. Industry Barriers - The reciprocating compressor industry has significant technical and knowledge barriers, requiring advanced manufacturing capabilities and compliance with strict industry standards [4][5]. Development History - The industry has evolved from technology dependence to independent innovation, with a focus on high-purity and high-pressure requirements emerging since 2021 [6][7]. Industry Chain - The upstream supply chain includes raw materials and components such as metals and electronic parts, while the midstream involves R&D, design, and production [8][9]. Competitive Landscape - The market is characterized by a concentration of leading companies like Shenyang Blower Works Group Co., Ltd. and Siemens Energy, which dominate due to their technological and operational advantages [11][12]. Future Trends - The industry is expected to focus on green low-carbon transformation, emphasizing energy-efficient products and reducing emissions through advanced technologies [13]. - Integration of smart and digital technologies will enhance operational efficiency and predictive maintenance capabilities [14]. - There will be a growing demand for upgrading existing equipment to meet new energy efficiency standards and environmental regulations [15].

Group 1 - Tongyuan Petroleum, based in Chengdu, is a leading company in perforation technology, providing a full range of oil and gas engineering services, and is well-positioned to benefit from rising oil prices through increased orders and revenue [1][36] - Huai Oil Co., located in Jiangsu, has a stable oil and gas production base and benefits from regional cooperation, allowing for dual revenue growth during rising oil prices [2][37] - CNOOC Services, the largest marine oil and gas engineering service provider in China, is set to see significant increases in drilling platform utilization and service orders due to rising oil prices [3][38] Group 2 - Sinopec Oilfield Services, a leading player in oil and gas engineering services, is expected to benefit from increased internal orders and global oil development opportunities as oil prices rise [4][39] - Beiken Energy, based in Xinjiang, focuses on oilfield technical services and is well-positioned to expand its business in response to rising oil prices and increased exploration activities in the western oil and gas regions [5][41] - Zhongman Petroleum, with integrated oil and gas exploration and service capabilities, is likely to see increased orders and revenue from both domestic and international projects as oil prices rise [6][42] Group 3 - Potential Energy, specializing in oil and gas exploration technology services, is expected to benefit from increased demand for high-precision exploration services as oil prices rise [8][43] - China National Offshore Oil Corporation, the largest offshore oil producer in China, is positioned to benefit from rising oil prices through increased revenue from oil sales and a focus on deepwater development [9][44] - Bomeike, focusing on marine oil and gas engineering equipment, is set to see increased demand for its products as marine oil and gas projects accelerate due to rising oil prices [10][45] Group 4 - Blue Flame Holdings, a leader in coalbed methane development, is expected to benefit from rising demand for clean energy and increased coalbed methane sales prices as oil prices rise [11][47] - Shouhua Gas, with a comprehensive natural gas business model, is likely to see revenue growth from both upstream exploration and downstream distribution as oil prices and natural gas prices rise [12][48] - CNOOC Engineering, a leading marine oil and gas engineering construction company, is expected to gain stable orders and enhance profitability through deep cooperation with CNOOC as oil prices rise [13][49] Group 5 - Intercontinental Oil and Gas, focusing on overseas oil resource development, is well-positioned to benefit from rising oil prices through increased sales revenue from its overseas oil fields [14][50] - Guanghui Energy, a comprehensive energy service provider, is expected to see significant revenue growth from its oil and gas extraction and LNG production businesses as oil prices rise [15][51] - CNOOC Development, providing comprehensive marine oil and gas services, is likely to see increased demand for its services as oil production rises due to higher oil prices [16][52] Group 6 - China Petroleum Engineering, a leading oil and gas engineering construction company, is set to benefit from increased orders due to rising oil prices and expanded overseas market opportunities [18][54] - New Natural Gas, focusing on natural gas exploration and distribution, is expected to see revenue growth from both upstream and downstream operations as oil and natural gas prices rise [19][55] - ST Xinchao, despite its current ST status, is expected to see improved performance from its oil and gas business as oil prices rise, benefiting from the synergy between its oil and chemical operations [20][56]

Group 1 - The establishment of the hydrogen production and refueling equipment quality inspection and testing center led by Sinopec Petroleum Machinery Co., Ltd. fills a gap in the professional testing field for hydrogen production and refueling equipment in Hubei Province and nationwide, marking a new stage of specialization and standardization in hydrogen equipment inspection and testing [1] - In 2023, Sinopec Machinery became a hydrogen energy equipment manufacturing base in China, being one of the few companies with independent R&D capabilities for hydrogen production (electrolyzers), refueling (refueling machines/compressors), and storage and transportation (hydrogen pipelines) [1] - The company has successfully developed several first-of-their-kind hydrogen energy products, including a 90MPa liquid-driven hydrogen gas compressor and a 22MPa diaphragm high-efficiency large-flow hydrogen gas compressor [1] Group 2 - The quality inspection and testing center has completed inspections for 42 hydrogen energy equipment units during its establishment period, achieving a production value of over 3 million yuan [2] - The center has been approved as a provincial-level quality infrastructure "one-stop" service station, providing various quality consultation services 54 times and intellectual property benchmarking services 105 times for over 200 enterprises, including Hubei Communications Investment and Sinopec Engineering Institute [2] - The center undertakes 7 research projects from Sinopec Group and participates in the formulation and revision of 11 national and group standards for hydrogen energy equipment, having authorized 12 technical patents and published 10 related papers, providing strong technical support for the high-quality development of the hydrogen energy industry [2]