Group 1: Company Overview - Yantai Jereh Petroleum Service Group Co., Ltd. is actively engaging with investors through various activities, including site visits and specific investor research [2][3]. - The company has established a global supply chain system, collaborating with major manufacturers like Siemens and Kawasaki Heavy Industries for gas turbine supply [3]. Group 2: Recent Contracts and Financials - In February 2026, the company signed a gas turbine generator set contract worth $181.5 million with a U.S. client, marking the fourth contract since November 2025 [3]. - The contract stipulates a delivery period of 30 months, with payment structured in stages, enhancing the company's credibility in the North American market [3]. Group 3: Future Business Outlook - The company aims to deepen its presence in three key sectors: data centers, industrial energy, and new power systems, focusing on diverse customer bases and technological innovation [5]. - Recent successful ignition of the first gas turbine unit at the 1600MW combined cycle power plant project in Uzbekistan demonstrates the company's capability in providing tailored solutions [5]. Group 4: Natural Gas Business Development - The global natural gas market is evolving, with increased demand for clean energy solutions, positioning natural gas as a strategic bridge in energy transition [6]. - The company has built a comprehensive integrated solution for the natural gas industry, gaining recognition and a strong market reputation [6].

格隆汇2月4日｜东海证券研报指出，杰瑞股份再获发电机组1.8亿美元订单，绑定核心燃气轮机资源。 公司是国内油气装备龙头企业，钻完井业务、天然气业务、燃气轮机发电机组业务在国内外市场均实现 突破，全球化战略逐渐落实。公司多元化业务协同发展，天然气业务斩获全球多笔大额订单，燃气轮机 发电机组业务实现北美数据中心订单突破，给公司业绩增长注入强劲支撑。预计2025-2027年归母净利 润分别为31.64/37.78/44.49亿元，当前股价对应PE分别为30.48/25.53/21.68倍，维持"买入"评级。 ...

Group 1 - The core viewpoint of the article highlights the performance of the Oil ETF (561360), which opened with a gain of 1.42% at 1.431 yuan on February 4 [1] - Major holdings of the Oil ETF include China National Petroleum Corporation, which rose by 2.01%, China National Offshore Oil Corporation by 1.98%, and Sinopec by 0.79% [1] - The Oil ETF's performance benchmark is the CSI Oil and Gas Industry Index return, managed by Guotai Fund Management Co., Ltd., with a return of 41.01% since its establishment on October 23, 2023, and a return of 14.47% over the past month [1] Group 2 - The article lists other notable stocks within the Oil ETF, including Jereh Group (up 0.98%), China Merchants Energy Shipping (up 1.56%), Guanghui Energy (up 1.30%), COSCO Shipping Energy (up 0.82%), Hengli Petrochemical (up 1.82%), Rongsheng Petrochemical (up 0.79%), and Intercontinental Oil and Gas (up 2.24%) [1]

Group 1 - The oil and gas ETF Huatai-PB (561570) opened with a gain of 1.22%, priced at 1.331 yuan [1] - Major holdings in the ETF saw positive movements: CNOOC rose by 1.98%, PetroChina by 2.01%, Sinopec by 0.79%, and others like Jereh, COSCO Shipping, and Guanghui Energy also experienced gains [1] - The ETF's performance benchmark is the CSI Oil and Gas Industry Index, managed by Huatai-PB Fund Management Co., with a return of 31.70% since its inception on October 9, 2024, and a monthly return of 14.01% [1]

格隆汇2月4日丨杰瑞股份(002353.SZ)涨1.79%，报95.890元，股价创历史新高，总市值981.78亿元。 ...

根据意向书，双方将依托各自在能源工程与高端装备领域的能力积累，重点围绕海工装备国产化、陆地 油气工程协同及联合开拓市场等方向，探索潜在合作机会，推动优势能力互补。双方将加强联动，开展 关键设备国产化可行性评估，并通过资源互通与机制化推进保障合作高效实施。 中化新网讯 1月29日，惠生控股（集团）有限公司与烟台杰瑞石油服务集团股份有限公司签署战略合作 意向书。 ...

再获 1.8 亿美元发电机组订单，海外发电 业务加速 杰瑞股份信息点评 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | 本报告导读： 公司获取 1.8 亿美元北美发电机组订单，该项目是杰瑞敏电新开拓的重要客户，是 25 年 11 月以来的第四个亿美元项目订单，海外发电业务加速。 投资要点： | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 13,912 | 13,355 | 16,461 | 20,858 | 25,174 | | (+/-)% | 21.9% | -4.0% | 2 ...

Core Viewpoint - The oil and gas sector is experiencing increased activity, with significant capital inflows into oil and gas ETFs, indicating strong investor interest and potential growth opportunities in the sector [1][5]. Group 1: Market Activity - The oil and gas ETF Huatai (159309) saw a rise of 0.46%, with trading volume exceeding 300 million yuan, reflecting a continuous inflow of capital totaling 554 million yuan over the past 15 days [1]. - The ETF recorded a net inflow of 23 million yuan today, showcasing ongoing investor confidence in the sector [1]. Group 2: Stock Performance - Key stocks in the oil and gas sector showed mixed performance, with Jereh Holdings rising nearly 4%, while major players like China Petroleum and China National Offshore Oil Corporation (CNOOC) experienced declines of over 2% [5]. - The trading volume for significant stocks included Jereh Holdings at 1.44 billion yuan and China Petroleum at 1.08 billion yuan, indicating substantial market activity [2]. Group 3: Company Contracts and Growth - Jereh Holdings signed a gas turbine generator sales contract worth 181.5 million USD (approximately 1.265 billion yuan) with a U.S. client, marking a total of 487.5 million USD (approximately 3.4 billion yuan) in contracts secured in North America over a few months [3]. - The company has consistently secured contracts in the North American market since November 2025, indicating a strong growth trajectory [3]. Group 4: Oil Price Outlook - Analysts predict that oil prices will fluctuate between 60-80 USD per barrel in 2026 due to geopolitical tensions and supply-demand dynamics, which could benefit the petrochemical sector [4]. - The International Energy Agency (IEA) forecasts a global oil demand increase of 930,000 barrels per day in 2026, higher than the previous year's estimate, supporting a positive outlook for oil prices [4]. Group 5: Investment Strategy - The oil and gas sector is viewed as having long-term investment value due to its resilience against external uncertainties, with a focus on companies that maintain high capital expenditures and expand into natural gas markets [6]. - The Huatai oil and gas ETF is designed to concentrate on upstream and downstream sectors of the oil and gas industry, ensuring a focus on companies with quality reserves and stable dividend capabilities [6].

Group 1 - Trump announced that Mexico will stop supplying oil to Cuba as part of increased pressure on the country, although he did not provide specific details on this decision [1] - As of January, WTI crude oil prices increased by 14% month-on-month but decreased by 11% year-on-year. OPEC+ is adjusting its production strategy between market share and price stability, with an increase in production expected starting in 2025, but facing challenges from weak demand and oversupply [1] - By early 2026, geopolitical risks affecting oil prices are expected to rise, leading to potential supply constraints [1] Group 2 - As of January 30, 2026, the National Petroleum and Natural Gas Index (399439) had its top ten weighted stocks, including China National Petroleum, China National Offshore Oil, and Sinopec, which collectively account for 66.76% of the index [2] - The Petroleum ETF Penghua closely tracks the National Petroleum and Natural Gas Index, reflecting the price changes of listed companies in the oil and gas sector on the Shanghai and Shenzhen stock exchanges [2]

Core Viewpoint - Jerry Holdings continues to expand its presence in the North American market, recently signing a significant gas turbine generator sales contract worth $181.5 million, marking a total of four contracts in the region since November 2025, with a cumulative value of approximately $4.875 billion [1][8]. Group 1: Contract Details - The recent contract with GenSystems Power Solutions LLC involves the sale of gas turbine generator sets, with a total contract value of $181.5 million (approximately 1.82 billion yuan) [4][5]. - The contract stipulates a delivery period of 30 months, with the customer required to pay a certain percentage of the total amount as a prepayment, and the remaining balance according to the contract terms [4]. - The gas turbine generator sets are designed for data center power supply, emphasizing rapid deployment, flexibility, and low emissions [4][5]. Group 2: Market Performance - Since achieving a breakthrough in the North American market in November 2025, Jerry Holdings has signed four contracts totaling approximately 34 billion yuan, indicating a diversified customer base with no reliance on a single client [6][8]. - The company has maintained a stable revenue distribution between domestic and international markets, with a revenue split of 52.25% and 47.75% respectively in the first half of 2025 [12]. - The company reported a net profit of 1.808 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of over 13% [2][11]. Group 3: Financial Performance - Jerry Holdings has seen a significant increase in its stock price, more than doubling since April 2025, with a market capitalization approaching 100 billion yuan [3][13]. - The company has consistently achieved growth in net profit over the past few years, with figures of 2.245 billion yuan, 2.454 billion yuan, and 2.627 billion yuan for the years 2022 to 2024 respectively [11]. - In the first half of 2025, the company secured new orders worth 9.881 billion yuan, a year-on-year increase of 37.65% [11].