海油工程（600583）公告，2025年第一季度营收为50.96亿元，同比下降10.15%；净利润为5.41亿元， 同比增长13.85%。 ...

据了解，ROV七功能机械手作为海洋工程的核心装备，其技术和加工制造难度极大，它具备伸、缩、 摆、转、张、握、夹七大功能，可在深海环境下精准完成调位、定位、观察、测量、推拉、拧紧等复杂 操作。 中新网天津4月24日电 (记者王君妍)记者23日从中国海油旗下海洋石油工程股份有限公司(以下简称"海 油工程")获悉，由该公司研发的中国首个深水油气行业水下机器人(以下简称"ROV")七功能机械手完成 陆地测试，标志着中国成为全球少数具备深水ROV核心装备设计、制造及应用能力的国家，为中国深 水油气资源开发提供了关键装备保障。 本次完成测试的机械手自重约60公斤，与国际同类产品相比重量减少35%，大幅降低了ROV的搭载难 度。在灵活性方面，其肩部与腕部的偏转角度分别达到270°和198°，可充分覆盖深海复杂环境下的操作 需求，有效提高作业效率。据介绍，在关键性能指标上，该机械手的轻量化水平、肩腕转角和夹持力等 指标均位居世界前列。 海油工程ROV大国工匠工作室领衔人韩超向记者介绍，机械手首次搭载了关节力反馈运动学解算与夹 爪力位双控等智能技术，实现了人机协同的精准操作，显著降低了操作难度并实现了多项关键技术的突 破。 据 ...

为什么这时候突然发红包？ 2024年，海油工程实现归母净利润21.61亿元，同比增长33.38%；扣非净利润18.09亿元，同比增长 46.20%。 2025年政府工作报告，第一次把 "深海科技" 四个字单独拎出来，和商业航天、低空经济并列，还加 了"安全健康发展"的限定词。 这相当于，国家拿着喇叭喊："兄弟们，去海底捞钱，我给你们开绿灯！" 因为陆地上的油快不够用了。 中国原油对外依存度长期超过70%，而南海已探明的石油储量相当于波斯湾的1/3，天然气储量相当于 卡塔尔的两倍。 更刺激的是，南海深海区还有全球最大的可燃冰储量——这玩意烧起来比传统天然气还干净，关键是： 1立方米可燃冰，居然能释放160立方米天然气。 但很少有人敢大规模开采。 因为深海作业是烧钱黑洞：水深每增加100米，设备成本指数级上涨，1500米的海底作业相当于在珠峰 顶上修高铁。 直到中国搞出了"奋斗者号"万米深潜器、自主式水下机器人（AUV）、钛合金耐压壳体这些黑科技， 深海采油才从科幻片，变成了生意经。 深海印钞机的硬核实力 上次给的政策红包，到底有多大？ 直接看数字：2025年政府给深海科技定的KPI是——海洋生产总值突破13万亿 ...

工业富联：第一季度净利润预计52亿元—53亿元，同比增长24%—27% 工业富联公告称，2025年第一季度预计营业收入1590亿元-1610亿元，同比增长34.0%-35.6%；预计归属 于上市公司股东的净利润为52亿元-53亿元，同比增长24.4%-26.8%。云计算业务方面，板块营业收入同 比增长超过50%，AI服务器、通用服务器营业收入同比皆超过50%。通讯及移动网络设备方面，公司积 极推进战略布局，有效实现对客户的稳健出货。公司将继续聚焦主营业务，推动AI+技术创新和经营提 质增效。 中国联通：为进一步回报股东，3月公司将此前回购的5.13亿股全部注销 中国联通公告称，公司将深入实施融合创新战略，推进"网络向新、技术向新、服务向新"，2025年将着 力实现创新动力更足、能力优势更强、业务结构更优、经营效益更好、品牌形象卓著。同时，公司坚持 战略引领与价值导向，持续推动提升上市公司投资价值，过去几年每股分红保持双位数增长。为进一步 回报股东，2025年3月公司将此前回购的5.13亿股全部注销。此外，公司将持续完善股东沟通渠道，积 极倾听中小股东声音，与投资者高频次交流。 海油工程：控股股东中国海油集团拟 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][6] Core Views - The company has shown a significant recovery in performance, achieving a total revenue of 2.64 billion yuan in 2024, representing a year-on-year growth of 46.76%. The net profit attributable to shareholders turned positive at 100.55 million yuan, a substantial increase from a loss of 75.48 million yuan in the previous year [3][6] - The marine oil and gas development module is advancing towards high-end industry standards, with a notable increase in demand for FPSO (Floating Production Storage and Offloading) units, particularly in South America [6] - The liquefied natural gas (LNG) module is strategically positioned for growth despite recent challenges, with plans to focus on the Middle East market for future orders [6] Summary by Sections Financial Performance - In 2024, the company reported total revenue of 2,640.23 million yuan, with a growth rate of 46.76%. The net profit attributable to shareholders was 100.55 million yuan, marking a turnaround from a loss of 75.48 million yuan in 2023. The basic earnings per share (EPS) was 0.36 yuan [3][6] - Revenue projections for 2025-2027 are estimated at 3,387.80 million yuan, 4,639.28 million yuan, and 5,668.34 million yuan respectively, with corresponding net profits of 256.65 million yuan, 388.33 million yuan, and 532.84 million yuan [3][6] Market Position and Strategy - The company is capitalizing on the rising demand for FPSO units, with significant projects in Brazil and Guyana, which are key markets for FPSO development. The successful acquisition of the first FPSO project in Suriname marks a strategic expansion into the South American market [6] - The LNG module's revenue decreased to 234 million yuan in 2024, primarily due to geopolitical tensions affecting project progress. However, the company is focusing on leveraging its technical and design capabilities to secure future orders, particularly in the Middle East [6] Valuation Metrics - The projected price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are 17.27, 11.41, and 8.32 respectively, indicating a favorable valuation outlook as earnings are expected to grow significantly [3][6]

Group 1: Industrial Gas Industry - The industrial gas industry in China is rapidly developing, with a continuously expanding market size, and the company is optimistic about industrial gas enterprises with stable cash flow and certain revenue scale [3] - The domestic substitution wave in electronic specialty gases is ongoing, and the company is closely monitoring the product development and capacity expansion of industrial gas companies entering this field [3] - Key recommended companies include Huate Gas, Wuhua Technology, China Shipbuilding Gas, Jinhong Gas, and Yakeke [3] Group 2: Gold Market - Historical analysis shows that gold bull markets occur during periods of global economic imbalance and international order changes, with the current period being the third round of value reassessment for gold since 2008 [5] - The trend of "de-dollarization" is accelerating due to disruptions in international order, and gold is expected to maintain long-term allocation value as a super-sovereign currency [5] Group 3: WuXi AppTec - WuXi AppTec reported a revenue of 39.241 billion yuan for 2024, with a year-on-year growth of 5.2% after excluding COVID-19 commercialization projects, and a net profit of 9.45 billion yuan, meeting expectations [7] - The company’s TIDES-related performance and capacity are rapidly growing, with projected net profits for 2025-2027 being 10.98 billion, 12.52 billion, and corresponding PE ratios of 18, 16, and 14 times [7] Group 4: Hong Kong Pharmaceutical Sector - The valuation of the Hong Kong pharmaceutical sector has been shrinking for several years, with some quality companies' PE valuations nearing historical lows [10] - The company suggests actively increasing allocation in the sector, focusing on high-quality companies with limited downside risk and long-term investment value [10] Group 5: CNOOC Engineering - CNOOC Engineering achieved a total revenue of 29.954 billion yuan in 2024, a decrease of 2.59% year-on-year, while net profit increased by 33.38% to 2.161 billion yuan [12] - Projected net profits for 2025-2027 are 2.442 billion, 2.817 billion, and 3.012 billion yuan, with corresponding EPS of 0.55, 0.64, and 0.68 yuan per share [12] Group 6: Zhongzi Technology - Zhongzi Technology reported a decline in performance due to weakened downstream demand and increased investment in new business expansion [15] - The company anticipates production capacity for composite material structural components to be operational by the end of the year, which may drive growth in the humanoid robot sector [15] Group 7: Li Auto - Li Auto's 2024 performance showed a slight decline in gross margin, with a new strategy focusing on smart, pure electric, and overseas expansion for 2025 [18] - The company has adjusted its projected non-GAAP net profits for 2025-2026 to 11.1 billion and 18.6 billion yuan, with an estimated 20.2 billion yuan for 2027 [18] Group 8: Tin Industry - The suspension of mining operations at the Bisie tin mine by Alphamin Resources is expected to reduce global tin output by 5.3%, contributing to ongoing supply tightness [23] - The demand for tin remains strong due to the semiconductor and photovoltaic sectors, with current inventory levels being low since 2024 [23]