Summary of Key Points Core Viewpoint - The company, Shihua Machinery (000852), expects a significant decline in net profit for the first half of 2025, primarily due to changes in product delivery cycles and revenue structure [1] Financial Performance - The projected net profit attributable to shareholders for January 1, 2025, to June 30, 2025, is estimated to be between 26 million to 30 million yuan, representing a decrease of 55% to 60% compared to the same period last year, which was 65.69 million yuan [1] - The net profit after deducting non-recurring gains and losses is expected to be between 12 million to 15 million yuan, down 68% to 75% from 46.63 million yuan in the previous year [1] - Basic earnings per share are projected to be between 0.0276 yuan to 0.0319 yuan, a decline from 0.0698 yuan per share in the same period last year [1] Business Segment Analysis - The decline in performance is attributed to a decrease in revenue from high-margin products such as oil machinery equipment, while revenue from lower-margin products like oil and gas steel pipes has increased [1]

[Expected Performance for the Current Period](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a significant year-on-year decline of 55% to 60% in net profit attributable to shareholders for H1 2025, with profit after non-recurring items decreasing by 68% to 75% Key Financial Performance Indicators | Item | Current Period | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Profit: RMB 26 million ~ RMB 30 million | Profit: RMB 65.6904 million | | | Year-on-year decrease: 55% ~ 60% | | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Profit: RMB 12 million ~ RMB 15 million | Profit: RMB 46.6332 million | | | Year-on-year decrease: 68% ~ 75% | | | **Basic Earnings Per Share (RMB/share)** | Profit: 0.0276 ~ 0.0319 | Profit: 0.0698 | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company explicitly states that this performance forecast has not been pre-audited by a certified public accountant - This performance forecast has not been pre-audited by a certified public accountant[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The year-on-year performance decline is primarily due to decreased overall revenue and an unfavorable shift in revenue structure impacting profitability - Affected by product delivery and settlement cycles, the company's overall revenue for the first half of 2025 experienced a year-on-year decrease[5](index=5&type=chunk) - An unfavorable shift in revenue structure, with higher-margin petroleum machinery equipment revenue decreasing and lower-margin oil and gas steel pipe revenue increasing, led to an overall decline in operating performance[5](index=5&type=chunk)[6](index=6&type=chunk) [Other Relevant Information](index=2&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) Investors are advised that this performance forecast is a preliminary estimate, with final data subject to the upcoming 2025 semi-annual report, cautioning against investment risks - This performance forecast represents preliminary data estimated by the company's finance department; the final figures will be based on the financial data disclosed in the company's 2025 semi-annual report, and investors are advised to exercise caution regarding investment risks[7](index=7&type=chunk)

7月1日,阿联酋航空正式开通深圳直飞迪拜航线。该航线开通后，深圳宝安国际机场往返迪拜的航线由原来的每周4班增至每周11班，实现"每天飞"，既便利 了深圳与中东地区的经贸文旅往来，也为粤港澳大湾区居民往来迪拜、经迪拜中转至全球各地提供了更加高效便捷的空中通道。这是阿联酋航空首次在深圳 机场开通国际航线。（新华社） 京东产发：与阿布扎比机场自由区合作签约，共建中东智慧物流枢纽 近日，京东产发与阿布扎比机场自由区合作签约，双方将共同开发与运营位于阿布扎比机场自由区的高标准物流基础设施。这是京东产发在中东区域的首个 自建项目，该智慧物流枢纽建筑面积约7万平方米，预计2028年投入运营。项目建成后，将满足当地跨境电商需求。（证券时报） 石化机械公司与阿布扎比国家石油公司签署合作备忘录 石化机械公司与阿布扎比国家石油公司（ADNOC）日前在北京签署合作备忘录。据介绍，双方将积极促进中国石化先进技术与制造能力同阿联酋市场优势 相融合，推进本土化价值创造，实现技术共享与成果互用，为阿联酋非常规油气开发提供技术装备支持。（智通财经） 中国通号卡斯柯正式签约迪拜蓝线项目 访问36氪出海网站 letschuhai.com ，获取更 ...

Core Viewpoint - The company, Shihua Machinery, has been experiencing a decline in stock performance despite the overall positive trend in the oil and gas service sector due to geopolitical events in the Middle East. The company is focusing on improving its market value management while continuing its operational development [2][6]. Group 1: Company Performance - As of July 4, 2025, Shihua Machinery's stock closed at 6.63 yuan, down 1.92%, with a turnover rate of 2.4%, a trading volume of 226,700 shares, and a transaction value of 151 million yuan [1]. - On the same day, the company experienced a net outflow of 6.87 million yuan from major funds, a net outflow of 2.35 million yuan from speculative funds, while retail investors saw a net inflow of 9.22 million yuan [6]. Group 2: Business Operations - The company does not produce hydrogen energy but focuses on manufacturing hydrogen energy equipment and providing integrated solutions [3]. - Shihua Machinery has a strong technical team in the hydrogen energy sector, including 10 PhDs and over 50 master's degree holders, and has achieved multiple patents and standards in this field. The company aims to develop key technologies and equipment for hydrogen energy solutions [4]. Group 3: Market Presence - The company has established business relationships in several countries along the Belt and Road Initiative, including Saudi Arabia, Kuwait, Qatar, the UAE, Kazakhstan, and Algeria [4]. - In the past two years, the company has not generated any sales revenue from EU countries [5].

Group 1 - The combustible ice concept sector declined by 1.21%, ranking among the top declines in concept sectors as of July 3 [1] - Major companies within the combustible ice sector that experienced significant declines include Qianeng Huanxin, Haimer Technology, and China International Marine Containers [1] - The top-performing concept sectors for the day included Tonghuashun Fruit Index with a gain of 4.73% and PCB concept with a gain of 3.27% [1] Group 2 - The combustible ice sector saw a net outflow of 483 million yuan from main funds, with 11 stocks experiencing net outflows and 8 stocks seeing outflows exceeding 10 million yuan [1] - The stock with the highest net outflow was ShenKai Co., with a net outflow of 218 million yuan, followed by Sinopec, China International Marine Containers, and Xinjin Power [1] - The detailed outflow data shows that ShenKai Co. had a turnover rate of 47% and a slight increase of 0.40%, while Sinopec had a turnover rate of 0.13% and a decline of 0.53% [1]

1. Report Industry Investment Rating No information about the industry investment rating is provided in the given content. 2. Report's Core View - The international three major institutions (IEA, EIA, OPEC) have adjusted their forecasts for global crude oil supply, demand, and inventory in 2025 in their June reports. The average forecast for inventory change is flat compared to last month, while the supply forecasts have increased, and the demand forecasts have mixed changes. Non - OECD countries, represented by China, are expected to be the main contributors to the global crude oil demand growth in 2025 [2][99][111]. 3. Summary According to Relevant Catalogs 3.1 Global Crude Oil Inventory - IEA, EIA, and OPEC predict 2025 global crude oil inventory changes to be +110, +82, and - 132 barrels per day respectively, with changes of -10, -5, and +15 barrels per day compared to May 2025 forecasts. The average forecast for 2025 inventory change is +20 barrels per day, unchanged from last month's average [2]. 3.2 Global Crude Oil Supply 3.2.1 Global Crude Oil Supply Overview - IEA, EIA, and OPEC predict 2025 crude oil supply to be 10490, 10434, and 10382 barrels per day respectively, an increase of 190, 159, and 147 barrels per day compared to 2024. Compared to May 2025 forecasts, the increases are 30, 22, and 4 barrels per day respectively [16]. 3.2.2 Global Major Regional Crude Oil Supply Situations - **Three - institution Regional Supply Increment Forecasts**: IEA expects the 2025 global crude oil supply increment to be concentrated in OPEC, American OECD countries, and Latin American countries; EIA expects it to be in North American and Central & South American countries; OPEC expects it to be in DoC and American OECD countries [29][31][35]. - **OPEC+**: In May 2025, the total crude oil production of 12 OPEC countries averaged 2702 barrels per day, a month - on - month increase of 18.3 barrels per day, due to production changes in Iran, Iraq, and Saudi Arabia. The total remaining capacity of OPEC+ is 619 barrels per day, a month - on - month decrease of 16 barrels per day [37][41]. - **Russia**: In May 2025, Russia's total export volume was 730 barrels per day, a year - on - year decrease of 30 barrels per day [54]. - **USA**: EIA predicts that the average crude oil production in the US in 2025 will be 1341 barrels per day, an increase of 21 barrels per day compared to 2024 and unchanged from the May 2025 forecast. As of June 2024, the total production of the seven major shale oil producing regions in the US was 985 barrels per day, a month - on - month increase of 1.7 barrels per day; the shale oil production in the Permian region was 619 barrels per day, a month - on - month increase of 1.8 barrels per day [63][69]. 3.3 Global Crude Oil Demand 3.3.1 Global Crude Oil Demand Overview - IEA, EIA, and OPEC predict 2025 crude oil demand to be 10380, 10353, and 10513 barrels per day respectively, an increase of 80, 79, and 138 barrels per day compared to 2024. Compared to May 2025 forecasts, the changes are -10, -19, and +14 barrels per day respectively. Non - OECD countries represented by China are expected to be the main contributors to the demand increment, while OECD countries' demand growth is expected to be weak [99][111]. 3.3.2 Global Different Petroleum Product Demand Situations - IEA expects the demand for chemical oil to recover significantly in 2025. Globally, the demand for aviation kerosene, diesel, and gasoline is expected to increase by 13, 4, and 12 barrels per day respectively compared to 2024; the demand for LPG and ethane, and naphtha in the chemical product sector will increase by 30 and 20 barrels per day respectively. In China, the demand for chemical oil is also expected to recover, with changes in the demand for aviation kerosene, diesel, and gasoline being +2, -3, and -13 barrels per day respectively, and the demand for LPG and ethane, and naphtha increasing by 6 and 15 barrels per day respectively [117][119]. 3.4 Related Listed Companies - Recommended companies include CNOOC Limited (600938.SH/0883.HK), PetroChina Company Limited (601857.SH/0857.HK), Sinopec Corp. (600028.SH/0386.HK), CNOOC Energy Technology & Services Limited (601808.SH), Offshore Oil Engineering Co., Ltd. (600583.SH), and CNOOC Development Co., Ltd. (600968.SH). Companies to be concerned about include Sinopec Oilfield Service Corporation (600871.SH/1033.HK), China Petroleum Engineering & Construction Corporation (600339.SH), and Sinopec Mechanical Engineering Co., Ltd. (000852.SZ) [3].

Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, allowing up to 300 million yuan for investment within a 12-month period to enhance fund utilization efficiency while ensuring the implementation of fundraising projects [1] Group 1: Cash Management Approval - The company convened its board and supervisory meetings on April 22, 2025, to approve the cash management proposal [1] - The cash management investment will not exceed 300 million yuan and is set to commence after April 23, 2025 [1] - The company has engaged with China Merchants Bank Wuhan New City Branch for combination and agreed deposits as part of this cash management strategy [1] Group 2: Cash Management Product Details - The cash management products are categorized as low-risk investments, with the company ensuring that these investments do not affect the progress of fundraising projects [4] - The expected annualized return rates and specific product details are outlined, indicating a focus on capital preservation and yield generation [3] Group 3: Impact on Daily Operations - The company emphasizes that cash management will not alter the intended use of raised funds or harm shareholder interests, aiming to enhance returns on temporarily idle funds [4] - The company will monitor the cash management products closely and take necessary actions if any risks to fund safety are identified [4] Group 4: Historical Cash Management Activities - Over the past 12 months, the company has utilized temporarily idle raised funds for cash management, with specific details on previous investments and their outcomes provided [5]

中石化石油机械股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 中石化石油机械股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召 开第九届董事会第五次会议、第九届监事会第四次会议，审议通过了《关于使用 部分暂时闲置募集资金进行现金管理的议案》，同意公司在 2025 年 4 月 23 日之 后使用暂时闲置募集资金不超过 30,000 万元进行现金管理。现金管理的投资期 限为自董事会审议通过之日起不超过 12 个月。具体公告详见公司于 2025 年 4 月 24 日 在 《 证 券 时 报 》 《 中 国 证 券 报 》 《 上 海 证 券 报 》 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《关于使用部分暂时闲置募集资金进行现 金管理的公告》（公告编号：2025-026）。公司监事会及保荐机构就该事项已发 表同意的意见。 根据上述决议，为了提高公司资金使用效率，同时不影响募集资金投资项目 实施，公司近日在授权范围内使用闲置募集资金实施了现金管理 ...

1. Report Industry Investment Rating There is no information provided about the industry investment rating in the given content. 2. Core Viewpoints of the Report - The cease - fire of the Israel - Iran conflict led to a significant decline in international oil prices [1] - The report provides a comprehensive analysis of the weekly data of the US crude oil and refined oil markets, including prices, inventories, production, demand, and import - export volumes [2] - It also presents the performance of the petroleum and petrochemical sector and related listed companies, along with their valuations [21][24] 3. Summary According to Relevant Catalogs 3.1 Crude Oil Weekly Data Briefing - The data sources include Bloomberg, WIND, EIA, TSA, Baker Hughes, and the Dongwu Securities Research Institute [8][9] 3.2 This Week's Petroleum and Petrochemical Sector Market Review 3.2.1 Petroleum and Petrochemical Sector Performance - Information on the sector's performance includes the sector's sub - industry price changes and the trend of the sector's sub - industries and the CSI 300 index [17] - Data sources are WIND and the Dongwu Securities Research Institute [15][20] 3.2.2 Performance of Listed Companies in the Sector - The report shows the price changes of major companies in the upstream sector in different time periods (last week, last month, last three months, last year, and since the beginning of 2025) [22] - A valuation table for listed companies is provided, including share prices, total market values, net profits attributable to the parent company, PE, and PB ratios from 2024 to 2027 [24] 3.3 Crude Oil Sector Data Tracking 3.3.1 Crude Oil Price - Analyzes the prices and price differences of Brent, WTI, Urals, ESPO crude oils, and the relationships between crude oil prices and the US dollar index, copper prices [29][39][43] - Data sources are WIND and the Dongwu Securities Research Institute [30][32][34] 3.3.2 Crude Oil Inventory - Examines the correlation between US commercial crude oil inventory and oil prices, and the relationship between the weekly destocking rate of US commercial crude oil and the price change of Brent crude oil [45][46] - Presents data on US total crude oil inventory, commercial crude oil inventory, strategic crude oil inventory, and Cushing crude oil inventory [48][49][53] - Data sources are WIND and the Dongwu Securities Research Institute [45][48][49] 3.3.3 Crude Oil Supply - Analyzes US crude oil production, the number of active crude oil rigs, and the number of active fracturing fleets, as well as their relationships with oil prices [57][58] - Data sources are WIND and the Dongwu Securities Research Institute [57][59] 3.3.4 Crude Oil Demand - Analyzes US refinery crude oil processing volume, refinery operating rate, and Shandong refinery operating rate [62][64] - Data sources are WIND and the Dongwu Securities Research Institute [63][64] 3.3.5 Crude Oil Import and Export - Analyzes US crude oil import volume, export volume, net import volume, and the import - export volume of crude oil and petroleum products [67][70] - Data sources are WIND and the Dongwu Securities Research Institute [68][69][70] 3.4 Refined Oil Sector Data Tracking 3.4.1 Refined Oil Price - Analyzes the prices and price differences between crude oil and domestic/US/European/Singapore gasoline, diesel, and jet fuel, as well as the wholesale - retail price differences of domestic gasoline and diesel [75][84][90] - Data sources are WIND and the Dongwu Securities Research Institute [75][77][82] 3.4.2 Refined Oil Inventory - Presents data on US gasoline, diesel, aviation kerosene inventories, and Singapore gasoline and diesel inventories [102][105][111] - Data sources are WIND and the Dongwu Securities Research Institute [102][106][112] 3.4.3 Refined Oil Supply - Analyzes US gasoline, diesel, and aviation kerosene production [117][118][120] - Data sources are WIND and the Dongwu Securities Research Institute [119][120] 3.4.4 Refined Oil Demand - Analyzes US gasoline, diesel, aviation kerosene consumption, and the number of airport security checks for passengers [122][125][129] - Data sources are WIND and the Dongwu Securities Research Institute [123][126][130] 3.4.5 Refined Oil Import and Export - Analyzes the import - export situation and net export volume of US gasoline, diesel, and aviation kerosene [132][135][136] - Data sources are WIND and the Dongwu Securities Research Institute [133][136][137] 3.5 Oil Service Sector Data Tracking - Analyzes the average daily rates of self - elevating and semi - submersible drilling platforms in the industry [146][147][149] - Data sources are WIND and the Dongwu Securities Research Institute [146][148][150]

Group 1 - The core viewpoint of the news is that the combustible ice concept sector has experienced a decline of 1.88%, ranking among the top declines in concept sectors, with companies like Xinjin Power, Qianeng Hengxin, and Shenkai Co. leading the losses [1][2] - The combustible ice concept sector saw a net outflow of 279 million yuan in main funds today, with ten stocks experiencing net outflows, and five stocks seeing outflows exceeding 30 million yuan [2] - The stock with the highest net outflow is Sinopec, with a net outflow of 93.81 million yuan, followed by Shenkai Co., Xinjin Power, and Qianeng Hengxin, with net outflows of 40.08 million yuan, 35.17 million yuan, and 31.84 million yuan respectively [2] Group 2 - The top gainers in today's concept sectors include Copper Cable High-Speed Connection, which rose by 3.22%, and Metal Zinc, which increased by 3.11% [2] - The stocks with the highest net inflow in the concept sector include Nanjing Steel and Guangzhou Development, with net inflows of 7.09 million yuan and 1.50 million yuan respectively [2] - The detailed outflow list for the combustible ice concept includes Sinopec, Shenkai Co., Xinjin Power, and Qianeng Hengxin, all showing significant declines in their stock prices [2]