目前，在我国熟悉用户用能特性，掌握能源规划、转化、智能控制等技术，并具备能效 碳排放 评估，通晓末端节能 减碳 、投资、建设、运营等跨 学科专 业 应用 人才匮乏， 严重影响各能源企业向综合能源服务转型和发展的进程。为此，中国能源报社 特 开 展 《分布式能源规划员》（综合能源服务方向）培训 ,参加培训并经考核合格者，由人力资 源和社会保障部 社会保障能力建设 中 心 颁 发 《 分 布 式 能 源 规 划员 》 （综 合 能 源 服 务 方 向）培训证书。 一、培训 形式 及时间 培训 地点 : 线上 培训 时间： 202 6年2 月10日— 13日 二、培训组织机构 主办单位： 人力资源和社会保障部 社会保障能力建设 中心 关于 举办 《分布式能源规划员》（综合能源服务方向）培训通知 各企事业单位： 《中华人民共和国能源法》 提出，鼓励发展分布式能源和多能互补、多能联供综合能源 服务，提高终端消费清洁化、高效化、智能化水平。多能联供综合能源服务 成为现代能 源产业发展的重要方向和实现碳中和的重要路径。 电力、冷热、用户之间的关系变得越来越紧密，打破不同能源品种单独规划、设计、运行 的传统模式，实现横向 " ...

Core Viewpoint - International oil prices have declined, leading to a continued drop in Hong Kong's oil stocks, with significant losses reported across various companies in the sector [1] Group 1: Company Performance - Yanchang Petroleum International has seen a decline of over 7% [1] - CNOOC (China National Offshore Oil Corporation) and Shanghai Petrochemical have both dropped nearly 4% [1] - PetroChina has experienced a decrease of 3% [1] - China Oilfield Services has fallen by 2% [1] - Sinopec (China Petroleum & Chemical Corporation) has decreased by 1.3% [1]

Group 1 - International oil prices have declined, leading to a continued drop in Hong Kong oil stocks, with 延长石油国际 falling over 7% and 中国海洋石油 and 上海石油化工 down nearly 4% [1] - In Asian early trading, WTI crude oil fell below $63 per barrel, down 4.24%, while Brent crude dropped 3.29% to $67.037 per barrel [1] - The decline in oil prices is attributed to reduced supply disruption risks due to indications of potential negotiations between the US and Iran, as stated by Trump and reported by The Wall Street Journal [1] Group 2 - The stock performance of various oil companies includes 延长石油国际 at 0.390 (-7.14%), 甲国海洋石温 at 23.480 (-3.69%), 上海石油化工股 at 1.530 (-3.77%), 中国石油股份 at 9.000 (-3.02%), 中海油田服务 at 8.400 (-1.98%), 昆仑能源 at 7.880 (-1.50%), and 中国石油化工股 at 5.310 (-1.30%) [2]

每经AI快讯，石油及油服股早盘走低，截至发稿，山东墨龙(00568.HK)跌8.6%，报3.93港元；中石化油 服(01033.HK)跌7.22%，报0.9港元；中海油服(02883.HK)跌1.98%，报8.4港元；中海油(00883.HK)跌 2.87%，报23.68港元；中石油(00857.HK)跌2.16%，报9.08港元。 ...

资金逆市布局石油板块，石油ETF鹏华(159697)盘中净申购8600万份，冲刺连续17天净流入。 光大证券指出，长期来看，全球局势持续动荡，区域政治的不确定性有望为油价景气奠定基础。此外， 考虑到：（1）美国页岩油边际成本高企，25Q1调查边际成本约为66美元/桶，有望成为原油供给端边际 减量；（2）OPEC+于26Q1暂缓增产，体现其平衡油价诉求，长期来看OPEC+各国财政依赖原油销售收 入，中高油价诉求有望长期持续；（3）26年原油需求预期向好，IEA预计2026年全球原油需求增长93 万桶/日，高于2025年的85万桶/日。油价未来将在60-80美元区间宽幅震荡，油价中高位运行有望为石化 板块景气奠定基础。 截至2026年2月2日 09:56，国证石油天然气指数(399439)成分股方面涨跌互现，杰瑞股份领涨3.67%，和 顺石油上涨3.02%，中泰股份上涨2.39%；中曼石油领跌。石油ETF鹏华(159697)最新报价1.33元。 石油ETF鹏华紧密跟踪国证石油天然气指数，国证石油天然气指数反映沪深北交易所石油天然气产业相 关上市公司的证券价格变化情况。 数据显示，截至2026年1月30日，国证石油 ...

Group 1 - Oil and oil service stocks experienced a decline in early trading, with Shandong Molong down 8.6% to HKD 3.93, Sinopec Oilfield down 7.22% to HKD 0.9, CNOOC Oilfield down 1.98% to HKD 8.4, CNOOC down 2.87% to HKD 23.68, and PetroChina down 2.16% to HKD 9.08 [1] - WTI crude oil fell by 4% and Brent crude oil dropped by over 5% [1] - Iranian Foreign Minister Zarif indicated the possibility of reaching a fair agreement with the U.S., and an Iranian official stated that there are no plans for military exercises in the Strait of Hormuz, contradicting previous reports [1] Group 2 - Huatai Futures reported that the recent rise in oil prices is attributed to a combination of geopolitical, macroeconomic, and liquidity factors [2] - The macro sentiment and potential stabilization of the dollar may reduce the upward pressure on oil prices, while liquidity factors could also retreat [2] - The situation in Iran remains tense, particularly in the Strait of Hormuz, which is a critical oil export chokepoint, necessitating close monitoring of developments [2]

华泰期货发布研报称，此轮油价上涨属于地缘、宏观以及流动性三重叠加，由于周五贵金属的暴跌以及 沃什就任美联储主席，美元有望企稳反弹，同时美元信用崩塌的宏观叙事也有望得到缓解，宏观情绪以 及美元走弱对油价的推升作用缓和，与之关联的流动性因素也可能退潮，地缘方面，伊朗局势仍高度紧 张，霍尔木兹海峡是全球石油重要出口咽喉，仍需密切关注局势发展，对短期油价的支撑作用依然较 强，但需要警惕类似2025年6月事件出现快速反转后的大幅回落。 消息面上，周一，WTI原油跌4%，布伦特原油跌超5%。伊朗外长阿拉格齐日前接受采访时表示，伊朗 外长称有可能与美达成公平协议此外，一名伊朗官员表示，伊朗伊斯兰革命卫队没有在霍尔木兹海峡进 行演习的计划，伊朗官方也没有发布过任何这类声明，先前关于伊朗将在此进行实弹演习的消息是"错 误的"。 智通财经APP获悉，石油及油服股早盘走低，截至发稿，山东墨龙(00568)跌8.6%，报3.93港元；中石化 油服(01033)跌7.22%，报0.9港元；中海油服(02883)跌1.98%，报8.4港元；中海油(00883)跌2.87%，报 23.68港元；中石油(00857)跌2.16%，报9.08 ...

Investment Rating - The report rates the chemical industry as "Outperform" [2] Core Views - The report highlights the rise in international oil prices and the increase in prices of disperse dyes and vitamin E, suggesting a focus on undervalued industry leaders and the impact of "anti-involution" on supply in related sub-industries [2][11] - It emphasizes the importance of strong downstream demand and the growing significance of self-sufficiency in electronic materials companies [2][11] Industry Dynamics - In the week of January 25 to February 1, 2026, among 100 tracked chemical products, 50 saw price increases, 22 saw declines, and 28 remained stable. Overall, 61% of products had month-on-month price increases, while 30% saw declines [11][36] - The average price of WTI crude oil rose to $65.21 per barrel, with a weekly increase of 6.78%, while Brent crude oil reached $70.69 per barrel, up 7.30% [11][37] - The report notes that the average price of disperse black ECT300% increased by 5.56% to 19 yuan/kg, and the average price of vitamin E rose by 1.9% to 53.5 yuan/kg [38][39] Investment Recommendations - The report recommends focusing on undervalued industry leaders, the effects of "anti-involution" on supply in relevant sub-industries, and companies in electronic materials benefiting from strong downstream demand [11][14] - Long-term investment themes include traditional chemical leaders showing resilience, sectors benefiting from "anti-involution," and companies in new materials with significant growth potential [11][14] - Specific stock recommendations include China Petroleum, China National Offshore Oil Corporation, China Petrochemical Corporation, and Zhejiang Longsheng among others [11][14]

Market Overview - The Hang Seng Index reached a four-year high last week, but experienced a technical pullback due to a hawkish Federal Reserve chair nomination, indicating a risk-off sentiment in global equity markets [1] - The market sentiment index moved from panic to optimism within 16 days, suggesting a shift in investor sentiment [1] - Current market volatility is expected to persist, but it is more likely to be a correction rather than a reversal of market performance [1] Earnings and Revenue Expectations - Non-financial earnings expectations have been revised upward by 0.4% over the past four weeks, while revenue expectations have been slightly downgraded by 0.1% [2] - The sectors with the most significant upward revisions in earnings expectations include non-ferrous metals (7.7%), military industry (4.0%), and electric new energy (1.8%) [2] Capital Flow - Foreign capital continues to flow into Hong Kong stocks, with net inflows reaching $2.8 billion, up from $1.95 billion the previous week [3] - Active foreign capital has seen a continuous inflow for three weeks, with a record weekly inflow of $640 million [3] - The nomination of Kevin Warsh as the next Federal Reserve chair has led to short-term volatility, but the medium-term liquidity outlook remains accommodative [3] Market Sentiment - The market sentiment index has risen to 62.1, indicating an optimistic outlook [4] - Factors contributing to this optimism include strong net inflows from southbound capital and high buying intensity [4] Investment Recommendations - Companies with earnings certainty should be considered as core holdings, while opportunities to increase allocations in technology and cyclical materials should be explored during market corrections [5] - Focus on sectors showing upward trends, such as AI-related industries, semiconductor manufacturing, and innovative pharmaceuticals [5]

Investment Rating - The report maintains a "Buy" rating for the company with a current price of 18.30 RMB and a fair value of 20.41 RMB [9]. Core Insights - The modular design and manufacturing are critical components in the FPSO midstream sector, with significant advantages over non-modular construction methods [9][27]. - The domestic offshore oil and gas development is accelerating due to energy security policies, with the FPSO upper module market expected to reach approximately 10 billion USD annually [9][32]. - The company has demonstrated competitive manufacturing capabilities in the FPSO sector, with plans to expand its production capacity at the Nantong base [9][53]. Summary by Sections 1. Modular Design and Manufacturing - The FPSO industry is primarily composed of three segments: upstream (raw materials and equipment suppliers), midstream (module design and manufacturing), and downstream (client companies) [23]. - Modular construction significantly reduces construction time and costs while improving quality and safety compared to traditional methods [27]. 2. Energy Security and Market Growth - The Chinese government is promoting deep-sea economic development, which is expected to enhance offshore oil and gas capital expenditures [32]. - The annual market size for FPSO upper modules is projected to be around 10 billion USD, driven by domestic policies and international investments, particularly from Brazil [32][45]. 3. Competitive Landscape - The FPSO market is characterized by a few dominant players, with Chinese companies like the company in question, CNOOC Engineering, and CIMC Raffles gaining prominence due to their manufacturing capabilities and cost advantages [49][50]. - The company has engaged in significant projects, including its first FPSO design and manufacturing contract with a Dutch firm, showcasing its growing capabilities in the sector [53]. 4. Financial Projections - The company is expected to generate revenues of 2.905 billion RMB in 2025, with a projected growth rate of 5.5% in 2026 and 30.5% in 2027 [4]. - The net profit forecast for 2025 is 215 million RMB, with expected growth rates of -10.7% in 2025, 21.9% in 2026, and 35.5% in 2027 [4][60].