Core Insights - The oil service engineering sector experienced a rise of 0.91% on July 30, with Qianeng Hengxin leading the gains [1] - The Shanghai Composite Index closed at 3615.72, up 0.17%, while the Shenzhen Component Index closed at 11203.03, down 0.77% [1] Stock Performance - Qianeng Hengxin (300191) closed at 21.00, up 11.82% with a trading volume of 350,000 shares and a transaction value of 712 million yuan [1] - Keli Co., Ltd. (920088) closed at 40.80, up 9.59% with a trading volume of 111,900 shares [1] - Tongyuan Petroleum (300164) closed at 5.79, up 7.22% with a trading volume of 2,382,700 shares and a transaction value of 1.367 billion yuan [1] - Other notable stocks include Zhunyou Co. (002207) up 6.22% and Beiken Energy (002828) up 2.53% [1] Capital Flow - The oil service engineering sector saw a net inflow of 104 million yuan from institutional investors, while retail investors experienced a net outflow of 155 million yuan [2] - The main capital inflow was led by Tongyuan Petroleum with a net inflow of 84.5 million yuan [3] - Qianeng Hengxin had a net inflow of 67.5 million yuan from institutional investors, but a net outflow of 60.4 million yuan from retail investors [3]

Group 1 - The A-share oil stocks continue to strengthen, with potential gains observed in several companies [1] - Potential Energy Holdings increased by over 16%, indicating strong market performance [1] - Keli Co., Ltd. saw an increase of over 10%, reflecting positive investor sentiment [1] Group 2 - Tongyuan Petroleum and Zhun Oil Co. also experienced upward movement, contributing to the overall trend in the oil sector [1]

Group 1 - A-share oil and gas stocks have strengthened, with Tongyuan Petroleum rising over 7% [1] - Junyou Co. has seen an increase of nearly 7% [1] - Other companies such as Keli Co., Intercontinental Oil & Gas, and Beiken Energy also experienced gains [1]

Performance Forecast - The company expects a net loss attributable to shareholders of between 17 million and 21 million yuan for the current reporting period, compared to a loss of 13.93 million yuan in the same period last year [3] - The net loss after deducting non-recurring gains and losses is also projected to be between 17 million and 21 million yuan, compared to a loss of 14.44 million yuan in the previous year [3] - Basic earnings per share are anticipated to be a loss of between 0.06 yuan and 0.08 yuan, compared to a loss of 0.05 yuan per share last year [3] Reasons for Performance Change - The overall workload has increased compared to the same period last year, with drilling business revenue recognized based on the point-in-time method remaining stable year-on-year [3] - The increase in net loss is primarily due to a significant decrease in work volume for the well repair business in the first quarter, with a slight increase in the second quarter [3] - High preliminary relocation costs for expanding the coiled tubing business into markets outside the region and increased expenses due to the transfer of engineering construction qualifications from the parent company to the subsidiary are also contributing factors [3]

Core Viewpoint - The company, Junyou Co., Ltd. (002207), anticipates a net profit loss attributable to shareholders ranging from 17 million to 21 million yuan for the period from January 1, 2025, to June 30, 2025, compared to a loss of 13.93 million yuan in the same period last year [1] Financial Performance Summary - The expected net profit loss for the company is between 17 million and 21 million yuan, with a year-on-year increase from a loss of 13.93 million yuan in the previous year [1] - The net profit loss, excluding non-recurring gains and losses, is also projected to be between 17 million and 21 million yuan, compared to a loss of 14.44 million yuan in the same period last year [1] - The basic earnings per share are expected to be a loss of 0.06 to 0.08 yuan per share, compared to a loss of 0.05 yuan per share in the same period last year [1] Operational Challenges Summary - The primary reason for the performance decline is attributed to a significant reduction in the workload of the well repair business in the first quarter, with a slight increase in the second quarter year-on-year [1] - The expansion of the coiled tubing business into external markets has incurred substantial upfront personnel and equipment relocation costs [1] - The transfer of engineering construction qualifications from the parent company to the subsidiary, Junyou Construction, has resulted in increased expenses [1]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a loss for the first half of 2025, with net profit attributable to shareholders projected to be a loss of RMB 17 million to RMB 21 million, an increase in loss compared to RMB 13.9324 million in the same period last year 2025 Semi-Annual Performance Forecast | Item | Current Period | Prior Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of the Listed Company | Loss: RMB 17 million – RMB 21 million | Loss: RMB 13.9324 million | | Net Profit After Deducting Non-Recurring Gains and Losses | Loss: RMB 17 million – RMB 21 million | Loss: RMB 14.4415 million | | Basic Earnings Per Share | Loss: RMB 0.06/share – RMB 0.08/share | Loss: RMB 0.05/share | [Pre-Audit Status of Performance Forecast](index=1&type=section&id=II.%20Pre-Audit%20Status%20of%20Performance%20Forecast) The performance forecast data released has not been pre-audited by an accounting firm, and its accuracy awaits final audit confirmation - This performance forecast has not been pre-audited by an accounting firm[5](index=5&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Despite an overall increase in workload, operating revenue remained largely flat year-over-year due to adjustments in revenue recognition methods, with the expanded net loss primarily attributed to fluctuations in workover operations, increased upfront costs for market expansion outside Xinjiang, and additional expenses from the spin-off of engineering construction business to a subsidiary - Despite an overall increase in workload compared to the prior year, operating revenue remained largely flat year-over-year due to the point-in-time revenue recognition method adopted for drilling operations[6](index=6&type=chunk) - The primary reasons for the expanded net loss include: - A significant year-over-year decrease in workover business workload during the first quarter - Substantial upfront costs, such as personnel and equipment relocation, incurred for expanding coiled tubing business into markets outside Xinjiang - Increased expenses due to the spin-off of engineering construction business qualifications from the parent company to its subsidiary, Zhunyou Construction[6](index=6&type=chunk) [Other Relevant Information](index=1&type=section&id=IV.%20Other%20Relevant%20Information) The company emphasizes that this performance forecast is a preliminary estimate by the finance department, with final data subject to the officially disclosed 2025 semi-annual report, and advises investors to monitor announcements on designated information disclosure media and be aware of investment risks - This performance forecast represents preliminary estimates by the company's finance department, with specific financial data subject to the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk) - The company reminds investors that this announcement does not constitute investment advice and official information should be based on announcements published in Securities Times, China Securities Journal, and on Juchao Information Network[7](index=7&type=chunk)

Market Overview - The three major stock indices closed mixed, with the Shanghai Composite Index at 3424.23 points, down 0.7%, while the Shenzhen Component Index rose 0.34% to 10378.55 points, and the ChiNext Index increased by 0.47% to 2124.34 points [1][2]. Sector Performance - The banking sector led the decline, with notable drops in banks such as Hangzhou Bank, Qingdao Bank, and Chongqing Bank, each falling over 4% [5][8]. - The oil and gas sector continued to decline, with companies like Zhun Oil and Tongyuan Petroleum hitting the daily limit down, and others like Beiken Energy and Shouhua Gas also experiencing significant losses [9]. - In contrast, the copper connection sector saw gains, with stocks like Chuangyitong hitting the daily limit up, and other companies such as Honglin Electric and Xinya Electronics also performing well [7]. Capital Flow - There was a net inflow of capital into sectors such as electronics, communications, and non-ferrous metals, while the banking, public utilities, and oil and petrochemical sectors experienced net outflows [12]. - Specific stocks that saw significant net inflows included Tianfeng Securities, Hengbao Co., and Huatiankeji, with inflows of 1.639 billion, 839 million, and 663 million respectively [13]. - Conversely, stocks like Guiding Compass, Dongfang Caifu, and Agricultural Bank faced net outflows of 832 million, 743 million, and 727 million respectively [14]. Institutional Insights - Jianghai Securities noted that the market's upward trend remains intact, with potential for further gains after consolidation [16]. - Dexun Securities highlighted that the Shanghai Composite Index has shown strong characteristics, indicating a recovery in market sentiment, but faces technical resistance above 3400 points [17]. - Guojin Securities observed that recent trading volumes have remained around 1.5 trillion, with active sectors including securities, military, and AI hardware, suggesting a healthy risk appetite [18].

Group 1 - Oil and gas stocks experienced a decline at the beginning of trading, with specific companies like Zhunyou Co., Ltd. (002207) hitting the daily limit down [1] - Tongyuan Petroleum (300164) saw a drop of over 7% [1] - Other companies such as Beiken Energy (002828), Qianeng Hengxin (300191), and Intercontinental Oil & Gas (600759) also faced significant declines [1]

Group 1 - The stock of Junyou Co., Ltd. has experienced a significant increase, with 7 out of the last 10 trading days resulting in a trading halt, leading to a cumulative increase of 51.12% and a turnover rate of 194.53% [2] - As of 14:04, the stock recorded a trading volume of 117 million shares and a transaction amount of 981 million yuan, with a turnover rate of 44.68% [2] - The latest total market capitalization of the A-shares reached 2.471 billion yuan, while the circulating market capitalization was 2.459 billion yuan [2] Group 2 - The stock has appeared on the Dragon and Tiger list five times due to significant price deviations and turnover rates, with a net selling amount of 73.2786 million yuan from the leading trading departments [2] - The company's Q1 report indicated a total operating revenue of 30 million yuan, a year-on-year decrease of 27.51%, and a net profit of -16 million yuan, a year-on-year decline of 43.26% [2] - Recent trading data shows fluctuations in daily price changes and turnover rates, with notable net inflows and outflows of capital on specific trading days [2]

Market Performance - The market experienced a strong upward trend, with the Shanghai Composite Index closing at 3455.97 points, marking a new high for the year, and the ChiNext Index rising nearly 3% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.6 trillion yuan, an increase of 188.2 billion yuan compared to the previous trading day [1] Sector Performance - Financial stocks continued to surge, with major banks like ICBC, ABC, BOC, and CCB reaching historical highs [2] - The military industry stocks also performed well, with over 10 stocks, including Great Wall Industry, hitting the daily limit [2] - Chip stocks saw fluctuations, with Taiji Co. hitting the daily limit of 20% [2] - In contrast, oil and gas stocks continued to adjust, with Zhun Oil Co. facing consecutive daily limits [2] Investment Outlook - A positive outlook for A-share funding is anticipated, with long-term capital inflows increasing and ETF sizes steadily growing, providing significant support [3] - The market is expected to present a steady upward trend in the second half of the year, with a focus on large-cap stocks and growth opportunities [3] - Structural opportunities are highlighted in four main areas: safe assets, technological innovation, consumer goods, and mergers and acquisitions [3] Economic Context - The domestic economy is generally stable, but the end of the tariff suspension period in July and August may reveal the impact of exports on economic performance [4] - The importance of domestic demand is emphasized, with potential policy adjustments expected after August [4] - The market's ability to maintain stability above the 3400-point level is crucial, with ongoing monitoring of external factors and the performance of the financial sector [4]