东海证券：晨会纪要-20250220

Group 1: Oil and Petrochemical Industry - Brent crude oil maintained a fluctuating trend, closing around $77 per barrel at the end of January 2025, supported by geopolitical factors, with expectations of a V-shaped price movement throughout the year, projected to fluctuate between$55 and $80 per barrel [5][6] - OPEC+ countries extended voluntary production cuts of 2.2 million barrels per day until the end of April 2025 and additional cuts of 1.65 million barrels per day until 2026, indicating a continued effort to stabilize oil prices [5] - The oil service industry is expected to maintain stable capital expenditures, with domestic production growth and reserves being a focus, particularly for companies with advanced technology and significant overseas market potential [7] Group 2: Anhui Heli (600761) - Anhui Heli has deepened its cooperation with Huawei, focusing on digital transformation, smart logistics, and artificial intelligence, which is expected to enhance its technological capabilities in the logistics sector [9][10] - The partnership aims to create a closed-loop ecosystem combining logistics equipment with Huawei's AI, cloud computing, and IoT technologies, potentially leading to innovations such as unmanned forklifts and intelligent scheduling systems [10] - Anhui Heli is positioned as a leader in the forklift industry, with a full industrial chain manufacturing capability, and is expected to see significant profit growth, with projected net profits of 1.415 billion, 1.587 billion, and 1.866 billion yuan for 2024-2026 [11]