8月25日13时02分，准油股份出现快速反弹行情，5分钟内涨幅超过2%，股价最高升至8.35元，期间成 交3.11亿元。当日主力资金净流出2579.96万元，近五个交易日主力资金累计净流入3888.25万元。 风险提示：股市有风险，投资需谨慎。 截至2025年8月25日15时，准油股份报8.16元，较前一交易日下跌3.55%。当日开盘价为8.28元，最高触 及8.38元，最低下探至8.02元，成交量为571025手，成交金额达4.67亿元。 准油股份属于采掘行业，公司主营业务为石油天然气勘探开发技术服务。公司注册地位于新疆，具有一 带一路和央国企改革等概念属性。 ...

通源石油属于采掘行业，主营业务包括石油、天然气勘探开发的技术支持与服务，以及石油钻采设备制 造、民用爆炸物品销售等。 来源：金融界 公司8月22日晚间发布的半年度报告显示，2025年上半年实现营业收入5.51亿元，同比增长0.03%；归属 于上市公司股东的净利润3863.37万元，同比增长11.31%。此外，截至8月20日，公司股东总户数为 52484户，较8月10日减少7.70%，显示筹码趋于集中。 8月22日，通源石油主力资金净流出1219.56万元，占流通市值的0.39%。近五个交易日主力资金累计净 流入1989.09万元，占流通市值的0.64%。 截至2025年8月22日15时22分，通源石油股价报5.35元，较前一交易日下跌1.65%。当日成交量为837618 手，成交额达4.45亿元。 风险提示：股市有风险，投资需谨慎。 ...

最新一期业绩显示，2025年半年报，公司实现营业收入91.50亿元，同比63.83%；净利润5.04亿元，同 比22.05%，销售毛利率19.86%。 8月22日，广东宏大今日收盘35.5元，上涨3.26%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到27.29倍，总市值269.80亿元。 序号股票简称PE(TTM)PE(静)市净率总市值(元)6广东宏大27.2930.054.03269.80亿行业平均 30.8731.663.61155.53亿行业中值36.9639.903.5051.64亿1海油发展10.6211.231.49410.67亿2中曼石油 12.0112.952.2193.99亿3海油工程12.1111.560.94249.81亿4金诚信19.4921.313.62337.53亿5中海油服 20.3021.931.54688.06亿7中油工程34.7731.630.75200.99亿8龙高股份36.9639.904.0251.05亿9石化油服 58.3962.134.22392.41亿10通源石油60.0356.582.2631.48亿11科力股份61.3868.085.523 ...

中原证券认为，周四，上证指数全天窄幅震荡；深证成指、创业板指早盘探底回升，临近午盘震荡回 落，午后一度回升，随后再度回落，尾盘有所回升。盘中采掘、电力、软件开发以及通信服务等行业表 现较好；电机、电池、小金属以及电子化学品等行业表现较弱。政策面形成多重利好叠加，为市场提供 强劲支撑。居民储蓄正在加速向资本市场转移，形成持续的增量资金来源。2025年A股上市公司整体盈 利增速预期由负转正，结束此前连续四年的下滑趋势，其中科技创新领域盈利弹性最为显著。美联储9 月降息预期升温，美元走弱利于外资回流A股。中长期来看，居民储蓄转移、政策红利释放及盈利周期 回升三大动力依然稳固，A股市场中期慢涨格局有望延续。 财信证券认为，周四，A股大盘在高位股普遍调整的背景下冲高回落，上证指数仍收涨，深证成指和创 业板指小幅下跌，三大指数也还处于五日均线之上，全市场成交额维持在2.4万亿元水平，反映出当前 市场承接动能依然较强，大盘继续处于震荡上行趋势之中，但部分资金存在高低切换需求。中期来看， 在国内经济基本面温和修复、政策面持续发力、资金面维持宽裕以及海外贸易扰动暂时平稳落地的背景 下，继续维持指数震荡偏强运行、积极参与A股市场 ...

资金流向方面，8月21日主力资金净流出2028.24万元，占流通市值的0.4%。近五个交易日累计净流出 2661.27万元，占流通市值的0.52%。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 8月20日公司发布2025半年度分配预案，拟每10股派发现金红利0.93元（含税），合计派发现金1666.56 万元。这是公司上市以来第7次实施现金分红，派现额占净利润比例为30.01%。 截至8月21日收盘，龙高股份报28.45元，较前一交易日下跌0.18元，跌幅0.63%。当日成交量为33918 手，成交金额达0.97亿元，换手率为1.89%。 龙高股份属于采掘行业，主营业务为高岭土开采、加工及销售。公司产品广泛应用于陶瓷、造纸、涂料 等领域。2025年上半年公司实现营业收入1.45亿元，同比增长9.53%；净利润5552.73万元，同比增长 22.46%。 ...

公司公告显示，独立董事万红波因个人工作安排原因，已向董事会提交书面辞职报告，辞去独立董事及 相关委员会职务，辞职后将不再担任公司任何职务。 资金流向方面，8月20日主力资金净流出315.38万元，近五日主力资金累计净流出3718.23万元。 风险提示：以上内容不构成投资建议，市场有风险，投资需谨慎。 截至2025年8月20日收盘，海默科技报8.33元，较前一交易日上涨0.06元，涨幅0.73%。当日成交量为 175557手，成交金额达1.46亿元，振幅为2.42%。 海默科技属于采掘行业，公司主营业务涉及油气田设备制造及技术服务。 ...

Group 1 - The core viewpoint of the articles highlights that CNOOC Services has a current stock price of 14.1 yuan, with a PE ratio of 19.85, marking a 16-day low, and a total market capitalization of 67.279 billion yuan [1][2] - The average industry PE ratio for the extraction sector is 30.36, with a median of 39.86, placing CNOOC Services in 11th position among its peers [1][2] - As of the first quarter of 2025, 11 institutions hold shares in CNOOC Services, with a total of 23.9249 million shares valued at 329 million yuan [1] Group 2 - CNOOC Services specializes in oil and gas exploration, development, and production, offering services such as drilling, oilfield technical services, vessel services, geophysical data collection, and engineering surveying [1] - The latest financial results for the first quarter of 2025 show that the company achieved a revenue of 10.798 billion yuan, a year-on-year increase of 6.40%, and a net profit of 888 million yuan, reflecting a year-on-year growth of 39.60%, with a gross profit margin of 17.64% [1]

Group 1 - The latest stock price of China Oil Engineering is 3.48 yuan, with an increase of 0.01 yuan compared to the previous trading day. The intraday high reached 3.51 yuan, and the low was 3.47 yuan, with a total transaction amount of 151 million yuan [1] - China Oil Engineering operates in the extraction industry, focusing on oil and gas field surface engineering, pipeline and storage transportation engineering, and refining engineering. It is a leading domestic oil engineering construction company with significant business presence in both domestic and international markets [1] - The latest news indicates that the engineering construction company under China Oil Engineering has successfully powered a new 17,000 square meter photovoltaic panel array at the Bab oil field No. 2 camp. This project utilizes a "photovoltaic + diesel power generation" dual system model, which helps reduce operating costs and carbon emissions [1] Group 2 - In terms of capital flow, China Oil Engineering experienced a net outflow of 9.19 million yuan on that day, with a cumulative net outflow of 12.88 million yuan over the past five days [1]

公司发布公告称，因原保荐代表人工作变动，国金证券委派王瑶女士接替杨路先生履行持续督导职责。 此次变更涉及公司2023年度向特定对象发行股票项目的持续督导工作。 风险提示：市场有风险，投资需谨慎。 中曼石油最新股价报19.77元，较前一交易日上涨0.44元。盘中最高触及19.79元，最低下探至19.39元， 成交金额达2.52亿元。 中曼石油是一家专注于石油天然气勘探开发的企业，业务涵盖油气田开发、工程技术服务等领域。公司 属于采掘行业，同时涉及天然气等相关业务。 ...

Core Insights - The current "anti-involution" market trend represents a phase of reversal from difficulties, characterized by a clear four-stage evolution, alternating between systematic market opportunities (β) and individual stock excess returns (α) [3][5] - Investors are encouraged to focus on high-barrier assets that are naturally immune to "involution," identifying three core long-term investment themes: monopolistic barrier assets, globally competitive assets, and AI-enabled efficiency revolution assets [3][4][19] Group 1: Four Stages of "Anti-Involution" Market - The first stage (Anti-Involution 1.0) is driven by supply-side contraction expectations, benefiting upstream resource sectors like steel and coal, leading to a typical β opportunity [5][6] - The second stage (Anti-Involution 2.0) sees a shift in focus from industry-wide gains to individual stock differentiation, where leading firms gain market share through strict production discipline, creating α opportunities [6][7] - The third stage (Anti-Involution 3.0) involves a fundamental improvement in supply-demand relationships, leading to a recovery in overall corporate profits and product prices, marking a new round of market upturn [7][8] - The fourth stage (Anti-Involution 4.0) features the emergence of new core assets in a stabilized competitive landscape, driven by technological innovations and global expansion [8][9] Group 2: Current Market Positioning - The market is transitioning from Anti-Involution 1.0 to 2.0, necessitating a dual focus on both β opportunities in specific sectors and the identification of high-quality stocks with strong α characteristics [8][13] - The current "anti-involution" differs fundamentally from the 2015 policy-driven "three reductions" approach, relying more on market-driven self-discipline rather than administrative mandates [8][13] Group 3: Long-Term Investment Themes - The report emphasizes the importance of investing in industries with natural high barriers to entry, such as public utilities and strategic rare resources, which provide stable cash flows and are less affected by economic cycles [19][27] - The three core elements supporting high-barrier industries include licensing barriers, resource barriers, and network effect barriers, which create exclusive pricing power and stable cash flows [27][28] - Companies that successfully "go global" and break overseas monopolies are identified as key players in the "anti-involution" narrative, particularly in high-tech sectors [29][30] Group 4: AI Empowerment - The rise of AI technology is seen as a transformative force accelerating the "anti-involution" process by enhancing productivity and driving market clearing [33][35] - Industries that can effectively leverage AI to reduce costs and reshape competitive dynamics are positioned to thrive in the evolving market landscape [35][36]