智通财经APP讯，华油能源(01251)发布公告，于2025年12月25日，出租人(中关村科技租赁股份有限公 司)与承租人二十(公司间接附属公司北京华油)订立融资租赁协议二十，据此，承租人二十已同意出售其 自有资产(即租赁资产二十)予出租人，转让代价为人民币1150万元;及出租人已同意将租赁资产二十租回 予承租人二十，租期为36个月。融资租赁协议二十项下的租赁付款总额为人民币1279.23万元。租赁资 产二十为存放于新疆的油气开采设备。 ...

格隆汇12月29日丨华油能源(01251.HK)发布公告，2025年12月25日，出租人(即中关村科技租赁 (01601.HK))与承租人二十(即北京华油，公司的间接附属公司)订立融资租赁协议二十，据此，(i)承租人 二十已同意出售其自有资产(即租赁资产二十)予出租人，转让代价为人民币1150万元；及(ii)出租人已同 意将租赁资产二十租回予承租人二十，租期为36个月。租赁资产二十为存放于新疆的油气开采设备。 ...

中国石油集团29日发布消息，截至12月28日，中国石油新疆油田今年二氧化碳注入量突破100万吨，成 为我国首个实现年注碳百万吨的油田。这标志着新疆油田在CCUS（碳捕集、利用与封存）技术规模化 应用上迈出关键一步，为我国油气开采实现碳达峰、碳中和目标提供了重要技术支撑与实践路径。新疆 油田位于准噶尔盆地，是新中国第一个大油田。CCUS即把生产过程中排放的二氧化碳进行捕集提纯， 继而投入新的生产过程进行再利用和封存。据新疆油田测算，注入100万吨二氧化碳相当于植树近900万 棵。（新华社） ...

12月28日,我国西气东输主力气源地——中国石油（601857）塔里木油田年光伏发电量突破20亿千瓦时, 单日最高发电量超1000万千瓦时,创油田年发电量、日发电量历史新高,标志着塔克拉玛干沙漠周缘构建 起油、气、新能源协同发展新格局。近年来,塔里木油田推动新型能源体系构建,不断提高能源利用效率 和清洁能源占比。新华 ...

策 华福证券 2025 年 12 月 28 日 略 研 究 策 略 定 期 报 工业企业利润走弱不改制造业价格延续复苏—— 周观点 投资要点： 近期观点 1、 美联储扩表，美国商业银行调整资产结构。 2、 美国居民部门加杠杆迹象显现，但持续性存疑。 3、 中美算力芯片博弈是全球科技长期通缩的重要标志。 4、 美国 AI 泡沫一旦破灭，全球美元债务风险有望同步释放。 告 5、 关注美元可能阶段性走强所指引的风险信号，随后可能出现 美元美债美股三杀。 6、 中国市场有望在海外风险释放过程中进行风格上的长期大切 换，同时伴随人民币持续大幅升值。 7、 长期看好保险，央国企红利，反内卷行业，中概互联网，军 贸。 风险提示 全球制造业复苏受阻；中美关系改善不及预期；美国地产市场不 健康 团队成员 分析师： 李浩(S0210524050003) lh30530@hfzq.com.cn 分析师： 李刘魁(S0210524050006) llk30550@hfzq.com.cn 相关报告 1、医疗与消费周报——政策驱动与技术赋能下的 中国互联网医疗发展——2025.12.27 2、市场状态高频数据库——12 月第 3 周—— ...

Core Viewpoints - Industrial enterprise profits continue to decline, primarily due to a significant drop in the contribution from other gains and ongoing cost pressures [3][64] - In November, industrial enterprise profits fell by 4.6 percentage points year-on-year to -13.4%, with profit margins also decreasing [6][33] - The decline in profits is attributed to a notable decrease in other gains, which fell by 9.4 percentage points to -5.1% [3][64] Revenue - In November, industrial enterprise revenue showed improvement, with a year-on-year increase of 1.6%, slightly down from 1.8% in the previous month [2][8] - The actual revenue growth rate, excluding price factors, rose by 3.1 percentage points to 3.1%, positively impacting profit contributions [4][27] - Revenue growth was observed across major industrial chains, with the petrochemical, metallurgy, and consumer chains all experiencing increases [4][27] Costs - Industrial enterprises faced significant cost pressures in November, with the overall cost rate at 84.9%, up 0.2 percentage points from the previous year [4][23] - The metallurgy chain experienced the highest cost pressure, with a cost rate of 85.4%, which is 0.7 percentage points higher than last year [4][23] - Certain sectors, such as non-ferrous rolling and instrumentation, saw notable increases in cost rates, while the petrochemical and consumer chains experienced slight declines [4][23] Industry Performance - Specific industries, such as beverages and food, saw a dramatic decline in profit growth, with beverage profits dropping by 93.4 percentage points to -90.4% [3][17] - The negative contributions from industries like non-ferrous processing and oil and gas extraction further impacted overall profit performance [3][17] - Despite some revenue recovery, the pressures from other gains and costs significantly affected profitability in these sectors [3][17] Inventory - The nominal inventory of industrial enterprises increased by 0.9 percentage points year-on-year to 4.6% in November, indicating a slight rise in actual inventory growth [6][50] - The actual inventory growth rate, adjusted for price factors, was 7.7%, reflecting changes in inventory management across different sectors [6][50]

宏 观 研 究 工企效益数据点评 2025 年 12 月 27 日 利润走弱的两大缘由 ——工业企业效益数据点评（25.11） 事件：12 月 27 日统计局公布 11 月工企效益数据，11 月工企营收累计同比 1.6%、前值 1.8%；利润累计同比 0.1%、前值 1.9%。11 月末，产成品存货同比 4.6%、前值 3.7%。 ⚫ 核心观点：利润继续走低，源自其他损益回落的短期拖累及成本压力等中期约束。 总体：11 月利润同比继续走低，主因其他损益对利润同比的拉动明显回落。11 月工业企 业利润当月同比回落 4.6 个百分点至-13.4%。从影响因素看，利润率对利润增速的拉动明 显回落，背后更多是其他损益项（投资收益、营业税金及附加等杂项支出）等短期指标对 利润同比的拉动较前月下行 9.4 个百分点至-5.1%。成本率、费用率对利润同比的拉动仍 在负数区间，分别较前月回升 0.8、1.2 个百分点至-2.4%、-5.6%。 行业：个别行业的利润走弱对本月利润的拖累大，背后或也与其他收益等短期指标走低有 关。11 月，酒和饮料利润增速大幅回落(-93.4pct 至-90.4%)，单个行业利润拖累整体回 落 ...

Core Viewpoints - Industrial enterprise profits continued to decline, primarily due to a significant drop in other gains and ongoing cost pressures [3][64] - In November, industrial enterprise profits fell by 4.6 percentage points year-on-year to -13.4%, with profit margins also decreasing [6][33] - The decline in profits is attributed to a notable decrease in contributions from other gains, which fell by 9.4 percentage points to -5.1% [3][64] Revenue - In November, industrial enterprise revenue showed improvement, with a year-on-year increase of 1.6%, slightly down from 1.8% in the previous month [2][8] - The actual revenue growth rate, excluding price factors, rose by 3.1 percentage points to 3.1%, positively impacting profit comparisons [4][27] - Revenue growth was observed across major industrial chains, with the petrochemical, metallurgy, and consumer chains all experiencing increases [4][27] Costs - Industrial enterprises faced significant cost pressures in November, with the overall cost rate at 84.9%, up 0.2 percentage points from the previous year [4][23] - The metallurgy chain experienced the highest cost pressure, with a cost rate of 85.4%, which is 0.7 percentage points higher than the previous year [4][23] - Certain sectors, such as non-ferrous rolling and instrumentation, saw notable increases in cost rates, while the petrochemical and consumer chains experienced slight declines [4][23] Industry Performance - Specific industries, such as beverages and food, saw a dramatic decline in profit growth, with beverage profits dropping by 93.4 percentage points to -90.4% [3][17] - The negative contributions from industries like non-ferrous processing and oil and gas extraction further impacted overall profit performance [3][17] - Despite some revenue recovery in these sectors, the decline in other gains significantly affected profit margins [3][17] Inventory - The nominal inventory of industrial enterprises increased by 0.9 percentage points year-on-year to 4.6% in November, indicating a slight rise in actual inventory growth [6][50] - The actual inventory growth rate, adjusted for price factors, was 7.7%, reflecting changes in inventory levels across different stages of production [6][50] Summary - High cost rates remain a key constraint on profit recovery, with ongoing "anti-involution" policies being implemented to address these pressures [5][66] - The current profit pressures are largely due to rigid cost increases driven by downstream investment practices [5][66] - Future monitoring will focus on the effectiveness of policies aimed at alleviating cost pressures and their impact on industrial profitability [5][66]

融资融券数据显示，该股最新（12月25日）两融余额为6.83亿元，其中，融资余额为6.83亿元，融券余 额为50.03万元。近5日融资余额合计增加5223.45万元，增幅为8.29%。融券余额合计减少59.28万元，降 幅54.23%。 10月31日公司发布的三季报数据显示，前三季度公司共实现营业收入15.37亿元，同比下降19.94%，实 现净利润8307.61万元，同比下降46.61%。（数据宝） 洲际油气12月26日交易公开信息 洲际油气(600759)今日涨停，全天换手率12.90%，成交额15.85亿元，振幅10.91%。龙虎榜数据显示， 营业部席位合计净买入6782.69万元。 上交所公开信息显示，当日该股因日涨幅偏离值达10.00%上榜，营业部席位合计净买入6782.69万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.47亿元，其中，买入成交额为1.57亿 元，卖出成交额为8957.48万元，合计净买入6782.69万元。 具体来看，今日上榜营业部中，第一大买入营业部为高盛(中国)证券有限责任公司上海浦东新区世纪大 道证券营业部，买入金额为4271.86万元，第一大卖出营业部 ...

导语：寒潮为令，温暖使命。当冬日的气息笼罩北方，我国最大的油气生产基地已然全线运转。2025 年，长庆油田千万吨级稳产实力夯实底气，全链条协同管控筑牢防线，科技创新赋能高效生产，生态坚 守厚植绿色根基。每一份坚守都凝聚责任，每一项举措都承载初心，将地下清洁能源转化为万家暖流， 以实干担当守护群众温暖过冬，彰显能源央企的使命与担当。 ...