证券日报网讯卫星化学8月1日在互动平台回答投资者提问时表示，公司投资项目情况请以公司公告及在 指定媒体披露信息为准。 （文章来源：证券日报） ...

国信证券发布研报称，7月下旬，美欧达成贸易协议，特朗普将缩短俄乌达成和平协议的最后期限，且 美国可能施压二级制裁，并对俄油买家发出关税威胁，同时墨西哥下调产量预估，沙特或上调9月 OSP，叠加需求旺季支撑，国际原油价格加速冲高。此外，全球外部环境急剧变化，同时俄乌、美伊以 及美国"对等关税"政策均存在较大不确定性，但考虑到OPEC+较高的财政平衡油价成本，以及美国页 岩油较高的新井成本，预计2025年布伦特油价中枢在65-75美元/桶，2025年WTI油价中枢在60-70美元/ 桶。 国信证券主要观点如下： 7月油价回顾：2025年7月布伦特原油期货均价为69.4美元/桶，环比下跌0.4美元/桶，月末收于73.2美元/ 桶；WTI原油期货均价67.1美元/桶，环比下跌0.6美元/桶，月末收于70.0美元/桶。 7月上旬，美国关税政策暂缓，中东地缘局势反复，叠加夏季需求旺季支撑，国际油价震荡上涨；7月中 旬，美国宣布对巴西商品加征关税，欧佩克下调未来四年全球石油需求预测，国际油价大幅下跌；7月 下旬，美欧达成贸易协议，特朗普将缩短俄乌达成和平协议的最后期限，且美国可能施压二级制裁，并 对俄油买家发出关税威胁，同 ...

Investment Rating - The oil and gas industry is rated as "Outperform" [4][6] Core Views - In July 2025, Brent crude oil futures averaged $69.4 per barrel, a slight decrease of $0.4 from the previous month, while WTI averaged $67.1 per barrel, down $0.6 [1][13] - OPEC+ announced an accelerated production increase of 548,000 barrels per day for August, with plans to complete the remaining increase by September 2025 [2][17] - Global oil demand is expected to grow by 700,000 to 1.3 million barrels per day in 2025, with similar growth projected for 2026 [3][18] - The expected price range for Brent crude oil in 2025 is between $65 and $75 per barrel, while WTI is projected to be between $60 and $70 per barrel [3][19] Summary by Sections July Oil Price Review - Brent crude oil futures closed at $73.2 per barrel at the end of July, while WTI closed at $70.0 per barrel [1][13] - The oil price experienced fluctuations due to geopolitical tensions and seasonal demand [1][13] Oil Price Outlook - OPEC+ has extended its voluntary production cuts and announced an increase in production rates [2][17] - The demand for oil is expected to rise significantly, with major energy agencies forecasting increases in daily consumption [3][18] Key Data Tracking - As of July 30, 2025, WTI crude oil futures settled at $70.00 per barrel, reflecting a 7.5% increase from the previous month [40] - U.S. crude oil production averaged 13.337 million barrels per day in July, showing a slight decrease [46] - The average operating rate of U.S. refineries was 94.9% in July, indicating strong demand for refined products [56]

Group 1 - The petrochemical industry is currently facing significant "involution" competition, leading to a decline in profit margins from 8.03% in 2021 to 4.85% in 2024, with the first half of 2025 still at low levels [1][16][17] - Central authorities have proposed comprehensive rectification measures to combat this issue, focusing on self-discipline, innovation, and the elimination of non-compliant capacity [1][16] - The industry is expected to transition towards high-quality sustainable development through capacity optimization and price ecology restructuring [1][16] Group 2 - The chemical industry's anti-involution policies have deepened from institutional construction to special rectification, with measures introduced to curb redundant construction and market segmentation [2][17] - Key sectors such as refining, olefins, and certain pesticide varieties are anticipated to benefit from supply-side reforms, leading to improved profitability as inefficient capacity is phased out [2][17] - The overall supply-demand structure is expected to gradually optimize, with the potential for profit recovery in the industry [2][17] Group 3 - As of July 2025, the China Chemical Product Price Index (CCPI) reported a decline of 5.6% from the beginning of the year, indicating a slight decrease in the prices of major chemical products [3][18] - The international crude oil prices showed a fluctuating upward trend, with Brent crude rising from $67.11 to $73.24 per barrel in July, influenced by geopolitical tensions and seasonal demand [4][19] - The forecast for Brent crude oil prices is set between $65 and $70 per barrel, with WTI prices expected between $60 and $65 per barrel, highlighting the importance of geopolitical dynamics and OPEC+ policies [4][19] Group 4 - The investment portfolio for the month includes companies such as Shengquan Group, Hubei Yihua, Satellite Chemical, China Petroleum, Lier Chemical, and Yara International, focusing on sectors with growth potential [9][22] - Shengquan Group is highlighted as a leader in synthetic resins, particularly in the rapidly growing electronic specialty resin market [9][22] - Hubei Yihua is positioned to benefit from its resource advantages in the fertilizer sector, while China Petroleum is recognized for its comprehensive energy capabilities [9][22] Group 5 - The electronic resin sector is experiencing rapid growth driven by demand from AI servers, with the global high-frequency and high-speed PCB market expected to grow at a compound annual growth rate of 26% from 2024 to 2026 [7][20][33] - The phosphoric fertilizer market is seeing resilience due to overseas agricultural recovery and regional stockpiling, with global prices on the rise [8][20] - The pesticide sector is anticipated to recover as the downward cycle reaches its bottom, supported by increased demand from South America and limited export growth from India and the U.S. [8][21]

格隆汇7月31日丨卫星化学(002648.SZ)于投资者互动平台表示，公司有产品出口至欧盟国家。 ...

格隆汇7月31日丨卫星化学(002648.SZ)于投资者互动平台表示，公司有产品出口至欧盟国家。 ...

Core Insights - The report emphasizes the rising demand for nuclear fusion power sources, driven by advancements in fusion technology and increasing investment in the sector [3][6][8] - The report highlights the high technical and customer barriers in the nuclear fusion power supply industry, indicating a favorable environment for companies involved in this field [8] Market Performance - The report provides a snapshot of market indices, with the Shanghai Composite Index closing at 3615.72, reflecting a slight increase of 0.17%, while the Shenzhen Component Index decreased by 0.77% to 11203.03 [4] - The report also details the performance of various industry sectors, noting that the steel sector saw a rise of 2.05%, while the electric equipment sector experienced a decline of 2.22% [5] Industry Focus - The nuclear fusion power supply is identified as a critical component in fusion devices, with the need to optimize heating temperature and energy confinement time to enhance fusion performance [3][6] - The report discusses the specific requirements for different fusion technology routes, such as Tokamak and linear devices, which demand high-performance power supplies with strict specifications [7][8] - The report notes that the cost of power supplies can account for 30%-50% of the overall cost of fusion devices, underscoring the importance of this segment in the fusion industry [6][7] Investment Opportunities - The report suggests that as the investment climate for nuclear fusion improves, there will be increased demand for specialized power supplies, presenting potential investment opportunities for companies in this sector [8] - The report indicates that domestic capabilities for core components of power supplies have improved, reducing reliance on imports and enhancing competitive positioning [7][8]

| 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 五日均线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 300732 | 设研院 | 20.00 | 19.58 | 9.20 | 10.62 | 15.41 | | 835305 | *ST云创 | 28.14 | 22.46 | 16.05 | 18.08 | 12.66 | | 300767 | 震安科 技 | 11.29 | 18.77 | 13.91 | 15.18 | 9.13 | | 688511 | *ST天微 | 10.34 | 4.68 | 19.14 | 20.59 | 7.56 | | 603530 | 神马电 力 | 10.01 | 1.55 | 27.21 | 29.23 | 7.42 | | 000953 | 河化股 份 | 10.01 | 13.65 | 7.47 | 8.02 | 7.39 | | 002453 | 华软科 技 | 10.09 | 4.87 | 5. ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002648 | 卫星化学 | 19.78 | 7.21% | 149.58万 | | 29.19亿 | | 003017 | 大洋生物 | 32.17 | 6.88% | 13.56万 | | 4.23亿 | | 301190 | 善水科技 | 24.44 | 5.85% | ● 7.65万 | | 1.84亿 | | 600727 | 鲁北化工 | 8.31 | 5.73% | 93.44万 | | 7.92亿 | | 600423 | 柳化股份 | 3.75 | 3.88% | 53.63万 | | 266 T | | 663299 | 示盐井神 | 10.61 | 3.31% | 13.58万 | | 1.43亿 | | 603213 | 镇洋发展 | 13.36 | 3.17% | 12.44万 | | 1.65亿 | | 000830 | 鲁西化工 | 12.38 | 3.08% | 66.95万 | | 8.34亿 | ...

金融界消息 截至2025年7月30日收盘，卫星化学（002648）报收于19.78元，上涨7.21%，换手率 4.44%，成交量149.58万手，成交金额29.19亿元。 通过天眼查大数据分析，卫星化学股份有限公司共对外投资了13家企业，参与招投标项目214次，知识 产权方面有商标信息33条，专利信息147条，此外企业还拥有行政许可47个。 来源：金融界 卫星化学最新一期业绩显示，截至2025一季报，公司营业总收入123.29亿元、同比增长40.03%，归属净 利润15.68亿元，同比增长53.38%，扣非净利润16.92亿元，同比增长59.17%，流动比率1.141、速动比率 0.830、资产负债率53.62%。 天眼查商业履历信息显示，卫星化学股份有限公司，成立于2005年，位于嘉兴市，是一家以从事化学原 料和化学制品制造业为主的企业。企业注册资本336864.569万人民币，实缴资本336864.569万人民币。 公司法定代表人为杨卫东。 资金流向方面，今日主力资金净流入4293.41万元，占比成交额1.47%。其中，超大单净流入1606.49万 元、占成交额0.55%，大单净流入2686.92万元、占 ...