Market Overview - As of January 19, the Shanghai Composite Index closed at 4114.00 points, up 12.09 points, with a gain of 0.29% [1] - The Shenzhen Component Index closed at 14294.05 points, up 12.97 points, with a gain of 0.09% [1] - The ChiNext Index closed at 3337.61 points, down 23.41 points, with a decline of 0.70% [1] Stock Performance - A total of 86 A-shares had a turnover rate exceeding 20%, indicating significant trading activity [1] - Key stocks with high turnover rates included: - Kema Materials (科马材料) with a turnover rate of 62.05% and a closing price of 40.25 yuan, down 26.75% [1] - Kuntai Co. (坤泰股份) with a turnover rate of 54.99% and a closing price of 24.74 yuan, up 4.70% [1] - Sanbian Technology (三变科技) with a turnover rate of 48.63% and a closing price of 21.97 yuan, up 10.02% [1] - Nabichuan (纳百川) with a turnover rate of 44.29% and a closing price of 80.88 yuan, up 8.83% [1] - Hongxiang Co. (红相股份) with a turnover rate of 40.96% and a closing price of 17.99 yuan, up 15.17% [1] Notable Stocks - Other notable stocks with high turnover rates included: - Kangqiang Electronics (康强电子) at 40.96% turnover, closing at 23.48 yuan, up 7.46% [1] - Fangzheng Electric (方正电机) at 39.47% turnover, closing at 16.53 yuan, up 5.09% [1] - Shuangjie Electric (双杰电气) at 39.16% turnover, closing at 14.82 yuan, up 20.00% [1] - Deen Precision (德恩精工) at 39.15% turnover, closing at 24.19 yuan, up 2.76% [1] - C Zhi Xin (C至信) at 37.80% turnover, closing at 52.04 yuan, down 6.54% [1]

Group 1 - The oil service engineering sector increased by 1.06% on January 19, with Haiyou Engineering leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the oil service engineering sector showed various performance metrics, with notable increases in closing prices and trading volumes [1] Group 2 - The oil service engineering sector experienced a net outflow of 98.53 million yuan from institutional investors, while retail investors saw a net inflow of 164 million yuan [2] - Detailed fund flow data indicates that major stocks like Haiyou Engineering and Beiken Energy had mixed net inflows and outflows from different investor categories [3] - The overall market sentiment reflected a divergence in fund flows, with retail investors showing a positive trend despite institutional outflows [2][3]

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 - Oil and gas stocks experienced volatility in early trading, with Tongyuan Petroleum falling over 10% [1] - Other companies such as Shandong Molong, Zhun Oil, Zhongman Petroleum, Qianeng Hengxin, and Beiken Energy also saw declines [1]

Group 1 - The stock price of Tongyuan Petroleum (300164) closed at 8.06 yuan on January 15, 2026, down by 0.25%, with a turnover rate of 34.58% and a trading volume of 2.017 million hands, resulting in a transaction amount of 1.598 billion yuan [1] - On January 15, the net outflow of main funds was 32.9857 million yuan, accounting for 2.06% of the total transaction amount, while retail investors had a net inflow of 33.8893 million yuan, accounting for 2.12% of the total transaction amount [1] Group 2 - For the first three quarters of 2025, Tongyuan Petroleum reported a main revenue of 860 million yuan, a year-on-year decrease of 0.82%, while the net profit attributable to shareholders was 56.2224 million yuan, an increase of 16.84% year-on-year [2] - In Q3 2025, the company’s single-quarter main revenue was 308 million yuan, down by 2.31% year-on-year, with a net profit attributable to shareholders of 17.5887 million yuan, up by 31.16% year-on-year [2] - The company’s debt ratio stands at 27.74%, with an investment income of 1.5319 million yuan and financial expenses of 2.8404 million yuan, while the gross profit margin is 25.04% [2]

Core Viewpoint - Tongyuan Petroleum (300164) primarily operates in North America and domestically, with its collaboration with Chevron focused on perforation services in North America, and there are currently no related business partnerships in other regions [1] Group 1 - The main business areas of the company are North America and domestic markets [1] - The collaboration with Chevron is specifically for perforation services in North America [1] - There are no current business collaborations with Chevron in other regions [1]

Group 1 - The core viewpoint of the article is that Tongyuan Petroleum's North American subsidiary is collaborating with Chevron primarily in the perforation business in North America, with no related business cooperation in other regions [2] Group 2 - The company responded to investor inquiries on an interactive platform regarding its business operations [2] - The collaboration with Chevron is specifically focused on the North American market [2] - There are currently no business partnerships with Chevron in other geographical areas [2]

Group 1 - The core point of the article is that Tongyuan Petroleum (300164) reported a total of 54,989 shareholders as of January 9, 2026 [1]

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 meeting scheduled between Trump and major oil company executives aims to discuss methods to increase Venezuelan oil production amidst rising international oil prices [1]. Group 1: Oil Industry Dynamics - The meeting will include representatives from Exxon Mobil, ConocoPhillips, and Chevron, indicating a strong interest from top U.S. oil companies in Venezuelan oil production [1]. - An increase in oil prices may lead oil companies to boost capital expenditures, which could enhance oilfield service activity [2]. Group 2: Company Implications - The demand for core technologies such as perforation segment technology and cable logging technology is expected to rise if oil companies increase their capital spending [1]. - However, the decision to increase capital expenditures by oil companies remains uncertain, highlighting the need for caution among investors [2].