Market Overview - The oil service engineering sector experienced a decline of 3.44% on January 16, with Tongyuan Petroleum leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable declines in individual stocks include: - Daoyuan Petroleum (300164) at 7.10, down 11.91% with a trading volume of 1.887 million shares and a transaction value of 13.49 billion [1] - Keli Co., Ltd. (920088) at 35.69, down 11.77% with a trading volume of 82,700 shares and a transaction value of 303 million [1] - Zhunyou Co., Ltd. (002207) at 8.26, down 8.43% with a trading volume of 435,000 shares and a transaction value of 365 million [1] Capital Flow - The oil service engineering sector saw a net outflow of 460 million from main funds, while retail investors contributed a net inflow of 391 million [1] - The table of capital flow indicates that: - Zhongyou Engineering (600339) had a main fund net inflow of 5.4486 million, while retail investors had a net inflow of 3.3170 million [2] - Haiyou Engineering (600583) experienced a main fund net outflow of 20.4936 million, but retail investors had a net inflow of 2.5745 million [2] - Beiken Energy (002828) faced a main fund net outflow of 23.0657 million, with a significant retail net inflow of 39.8684 million [2]

Group 1 - Beiken Energy's stock price decreased by 5.14% to 11.44 CNY per share, with a trading volume of 127 million CNY and a turnover rate of 5.68%, resulting in a total market capitalization of 2.299 billion CNY [1] - Beiken Energy Holdings Group Co., Ltd. is located in Karamay City, Xinjiang, and was established on November 26, 2009, with its listing date on December 8, 2016. The company primarily engages in oil and gas exploration and development, focusing on drilling engineering technical services, which account for 99.25% of its main business revenue [1] - The revenue composition of Beiken Energy includes drilling engineering (99.25%), other services (0.37%), product sales (0.29%), and technical services (0.09%) [1] Group 2 - Yimin Fund has one fund heavily invested in Beiken Energy, specifically the Yimin Core Growth Mixed Fund (560006), which held 24,100 shares in the third quarter, representing 1% of the fund's net value and ranking as the tenth largest holding [2] - The Yimin Core Growth Mixed Fund (560006) was established on August 16, 2012, with a latest scale of 24.9807 million CNY. Year-to-date returns are 2.31%, ranking 6091 out of 8847 in its category, while the one-year return is 21.12%, ranking 5291 out of 8094 [2] Group 3 - The fund managers of Yimin Core Growth Mixed Fund (560006) are Wang Yong and Guan Xu. Wang Yong has a tenure of 2 years and 324 days, with a total fund asset size of 93.1782 million CNY and a best return of 87.74% during his tenure [3] - Guan Xu has a tenure of 2 years and 112 days, managing a total fund asset size of 359 million CNY, with a best return of 35.23% during his tenure [3]

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]

Core Viewpoint - The oil service engineering sector experienced a significant increase of 2.94% on January 13, with Tongyuan Petroleum leading the gains, while the overall Shanghai Composite Index fell by 0.64% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4138.76, down 0.64% [1] - The Shenzhen Component Index closed at 14169.4, down 1.37% [1] - Key stocks in the oil service engineering sector showed notable increases, with Tongyuan Petroleum rising by 11.66% to a closing price of 7.18 [1] Group 2: Stock Performance - Tongyuan Petroleum (300164) led the sector with a closing price of 7.18 and a trading volume of 2.3767 million shares, resulting in a transaction value of 1.67 billion [1] - Zhun Oil Co. (002207) increased by 10.00% to 9.02, with a transaction value of 738 million [1] - Other notable performers included Keli Co. (920088) up 6.35% to 37.37, and Sinopec Oilfield Service (600871) up 4.37% to 2.39 [1] Group 3: Capital Flow - The oil service engineering sector saw a net inflow of 287 million from main funds, while retail investors experienced a net outflow of 185 million [1] - Main funds showed significant net inflows in Zhun Oil Co. (002207) at 114 million, while retail investors had a net outflow of 5317.78 million [2] - The overall capital flow indicates a mixed sentiment, with main funds favoring certain stocks while retail investors withdrew [2]

Group 1: Market Performance - The oil and gas service sector showed strong performance, with two stocks hitting the daily limit up, including Tongyuan Petroleum rising over 13% and Keli Co. rising over 12% [1][2] - Other notable stocks included Shandong Molong and Zhun Oil, both hitting the limit up, while ShenKong Co. rose over 8% and Zhongman Petroleum over 6% [1][2] Group 2: Geopolitical Influences - Recent geopolitical changes, particularly the U.S. military actions in Venezuela and plans to restore the country's oil infrastructure, have catalyzed market sentiment, with expectations that the U.S. will lift sanctions on Venezuela, which holds the world's largest oil reserves of approximately 302.8 billion barrels [1][3] - The severe damage to Venezuela's oil facilities necessitates large-scale orders for repairs, directly benefiting oil service equipment companies [1][3] Group 3: Oil Price Outlook - Geopolitical risks are expected to support oil prices in the short term, with predictions of prices remaining in the range of $60 to $70 per barrel, despite a current oversupply in the global oil market [3] - A short-term supply gap of around 1 million barrels per day from Venezuela is anticipated to push oil prices upward [3] Group 4: Policy Support - Domestic policies, particularly the revised "Petroleum and Natural Gas Infrastructure Planning, Construction, and Operation Management Measures," effective from January 1, 2026, provide a clear development path for the oil and gas service industry [3][4] - The policy encourages social capital participation in projects like gas storage and LNG receiving stations, enhancing the operational framework for national pipeline networks [3][4] Group 5: Industry Opportunities - The demand for oil and gas exploration, pipeline laying, and equipment maintenance is expected to rise due to policy-driven infrastructure improvements [4] - The oil and gas exploration service sector is likely to benefit from increased investment in exploration, with companies possessing advanced seismic and drilling technologies expected to see sustained growth in orders and revenue [5][6] - The deep-sea oil and gas development is driving demand for high-end equipment, with manufacturers possessing core technologies poised for a surge in orders and market share [6]

Core Viewpoint - Oil and gas stocks experienced a short-term surge, with Huibo Pu hitting the daily limit, while companies such as CNOOC Engineering, CNOOC Development, China Oilfield Services, China National Petroleum Engineering, and Baker Hughes also saw significant gains [1] Group 1 - Huibo Pu reached its daily limit, indicating strong investor interest and confidence in the stock [1] - Other companies in the oil and gas sector, including CNOOC Engineering and CNOOC Development, also reported notable increases in their stock prices [1] - The overall trend suggests a positive sentiment in the oil and gas industry, reflecting potential growth opportunities [1]

Market Overview - The oil service engineering sector experienced a decline of 1.9% on January 7, with Renji Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Key stocks in the oil service engineering sector showed varied performance: - Keli Co., Ltd. (920088) increased by 5.95% to a closing price of 33.28 [1] - Zhun Oil Co., Ltd. (002207) rose by 4.82% to 8.26 [1] - Other notable stocks included: - Bomaike (603727) up 1.45% to 14.73 [1] - Tongyuan Petroleum (300164) up 0.49% to 6.13 [1] - Haike Engineering (600583) down 1.06% to 5.60 [1] - Renji Co., Ltd. (002629) down 5.40% to 6.83 [2] Capital Flow - The oil service engineering sector saw a net outflow of 83.98 million yuan from main funds, while retail investors contributed a net inflow of 48.73 million yuan [2] - The capital flow for key stocks included: - Bomaike (603727) had a main fund net inflow of 19.43 million yuan [3] - Keli Co., Ltd. (920088) saw a net inflow of 15.11 million yuan [3] - Zhun Oil Co., Ltd. (002207) had a net inflow of 304.93 thousand yuan [3] - Haike Engineering (600583) experienced a net outflow of 4.46 million yuan [3]

Group 1 - The oil service engineering sector increased by 2.09% on January 6, with Renji Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] - Key stocks in the oil service engineering sector showed significant price increases, with Renji Co., Ltd. rising by 4.79% to a closing price of 7.22 [1] Group 2 - The oil service engineering sector experienced a net inflow of 86.14 million yuan from main funds, while retail investors saw a net outflow of 23.13 million yuan [2] - Major stocks such as Haiyou Development and Tongyuan Petroleum had notable net inflows from main funds, with Haiyou Development receiving 39.85 million yuan [3] - The overall trading volume and turnover for key stocks in the sector were substantial, with Tongyuan Petroleum achieving a turnover of 1.02 billion yuan [1][2]

Group 1 - Oil and gas stocks have risen, with Intercontinental Oil reaching the daily limit, indicating strong market performance [1] - Tongyuan Petroleum has increased by over 5%, reflecting positive investor sentiment in the sector [1] - Other companies such as Beiken Energy, Shouhua Gas, and Zhun Oil have also seen gains, suggesting a broader trend of growth within the industry [1]

Core Viewpoint - Beiken Energy (002828) is undergoing a significant capital increase through a private placement, which will result in a change of control to Chen Dong as the new controlling shareholder and actual controller of the company [2][4]. Group 1: Stock Performance - As of December 31, 2025, Beiken Energy's stock closed at 10.66 yuan, down 3.44% from the previous week's 11.04 yuan [1]. - The stock reached a high of 11.1 yuan and a low of 10.5 yuan during the week [1]. - The company's current total market capitalization is 2.143 billion yuan, ranking 12th out of 13 in the oil service engineering sector and 5026th out of 5181 in the A-share market [1]. Group 2: Capital Increase Announcement - Beiken Energy has applied for a private placement of shares, with the underwriting institution responding to the Shenzhen Stock Exchange's inquiry regarding various financial aspects, including revenue, profit, and customer concentration [2][4]. - The private placement involves issuing shares to Chen Dong at a price of 6.54 yuan per share, with a total fundraising amount not exceeding 348.16 million yuan, aimed at supplementing working capital and repaying debts [3][4]. - The issuance has been approved by the board and shareholders but is still subject to approval by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission [2][4][6]. Group 3: Legal and Financial Opinions - Han Kun Law Firm provided supplementary legal opinions regarding the private placement, addressing issues such as employee count decline, equity transfer pricing, and the relationship between Chen Dong and the actual controller [3]. - The accounting firm provided responses to financial inquiries, detailing revenue fluctuations, profit margins, customer concentration, and other financial metrics [4].