每周股票复盘：石化油服（600871）拟现金分红比例不低于40%

Core Viewpoint - The company is focusing on expanding its capabilities in new energy sectors such as CCUS and hydrogen energy, while also achieving significant growth in overseas contracts and maintaining a strong position in domestic operations. Group 1: New Energy Development - The company is leading in technology services for CCUS and hydrogen pipeline construction, with plans to accelerate the development of new energy technologies [1] - It has successfully established a complete technology chain for CO2 capture, transportation, and storage, achieving a scale-up from 100,000 tons to 1 million tons [1] - The company has built the first supercritical CO2 transportation pipeline in China, contributing to an increase in oil production by over 3 million tons [1] Group 2: Overseas Business Growth - In the first three quarters, the company signed new overseas contracts worth 26.3 billion yuan, a year-on-year increase of 62%, primarily from Saudi Aramco and Kuwait KOC [2] - The company is transitioning towards high-end and diversified services, with a focus on integrated drilling and technical services [2] - The company has become the only contractor in Kuwait with integrated drilling service capabilities, enhancing its competitive edge [2] Group 3: Domestic Operations - Despite potential stabilization in capital expenditures from major oil companies, the company aims to enhance technology support and optimize cooperation models in domestic projects [3] - The company is focusing on key technologies such as deep acoustic detection and automated drilling rigs to improve operational efficiency [3] - The company plans to use its reserve fund to cover losses, becoming the first central enterprise listed company to disclose such a plan, which will be reviewed in December [3] Group 4: Marine Oilfield Engineering - The company has a complete marine oilfield engineering industry chain, with new contracts signed in the first three quarters amounting to 4.78 billion yuan, a 46% increase year-on-year [4] - Revenue from marine oilfield services reached 2.94 billion yuan, reflecting a 10% growth [4] - The company is expanding its service offerings to include integrated services for exploration, drilling, and operation maintenance in offshore wind power projects [5]