Group 1 - The stock of Junyou Co., Ltd. has experienced a significant increase, with 7 out of the last 10 trading days resulting in a trading halt, leading to a cumulative increase of 51.12% and a turnover rate of 194.53% [2] - As of 14:04, the stock recorded a trading volume of 117 million shares and a transaction amount of 981 million yuan, with a turnover rate of 44.68% [2] - The latest total market capitalization of the A-shares reached 2.471 billion yuan, while the circulating market capitalization was 2.459 billion yuan [2] Group 2 - The stock has appeared on the Dragon and Tiger list five times due to significant price deviations and turnover rates, with a net selling amount of 73.2786 million yuan from the leading trading departments [2] - The company's Q1 report indicated a total operating revenue of 30 million yuan, a year-on-year decrease of 27.51%, and a net profit of -16 million yuan, a year-on-year decline of 43.26% [2] - Recent trading data shows fluctuations in daily price changes and turnover rates, with notable net inflows and outflows of capital on specific trading days [2]

Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Halliburton (HAL), and emphasizes the importance of using these recommendations in conjunction with other analytical tools for making investment decisions [1][5]. Group 1: Halliburton's Brokerage Recommendations - Halliburton has an average brokerage recommendation (ABR) of 1.74, indicating a position between Strong Buy and Buy, based on recommendations from 27 brokerage firms [2]. - Out of the 27 recommendations, 16 are classified as Strong Buy, accounting for 59.3%, while 2 are classified as Buy, making up 7.4% of the total recommendations [2]. Group 2: Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high potential for price appreciation [5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [6][10]. Group 3: Zacks Rank vs. ABR - The Zacks Rank is a proprietary stock rating tool that classifies stocks into five groups based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [8][11]. - Unlike ABR, which is based solely on brokerage recommendations, the Zacks Rank is updated frequently to reflect changes in earnings estimates, making it a timely tool for predicting future price movements [12]. Group 4: Current Earnings Estimates for Halliburton - The Zacks Consensus Estimate for Halliburton's current year earnings has declined by 1.2% over the past month to $2.37, indicating growing pessimism among analysts regarding the company's earnings prospects [13]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Halliburton, suggesting caution despite the Buy-equivalent ABR [14].

Group 1 - The company emphasizes the importance of deep learning and understanding of the central eight regulations, integrating them into mandatory training for leaders and organizing over 20 specialized study sessions [1] - The company has conducted over 500 educational activities targeting 151 party branches and 4,313 party members, utilizing both online and offline methods to enhance learning effectiveness [1] - Young cadres are engaged in active learning through organized discussions and teaching sessions, fostering deeper ideological understanding [1] Group 2 - The company has identified 60 issues related to the implementation of the central eight regulations through comprehensive assessments and employee feedback [2] - A collective approach is taken to address these issues, with party organization leaders ensuring strict oversight and accountability [2] - The evaluation of the political ecosystem is conducted across 10 dimensions to ensure clarity in problem identification and root cause analysis [2] Group 3 - The company has established a problem ledger to address eight identified issues, implementing 13 immediate corrective measures and 6 long-term solutions [3] - Progress on corrective actions is closely monitored, with immediate issues being resolved on the spot and longer-term issues being addressed according to a structured plan [3] - The company prioritizes the health and working conditions of frontline employees by addressing equipment shortages and integrating health management initiatives [3] Group 4 - The company is committed to reducing burdens on grassroots employees by forming a special research group to gather feedback through various methods, including surveys and interviews [4] - A comprehensive list of prohibitive and normative requirements has been established to combat formalism and ensure effective implementation of measures [4] - Mechanisms for feedback and supervision are being improved to ensure that all measures are effectively executed [4]

Core Viewpoint - The announcement details the expiration of the lock-up period for the employee stock ownership plan (ESOP) of Yantai Jereh Petroleum Service Group Co., Ltd., which is set to end on June 26, 2025, following the completion of stock purchases on June 25, 2024 [1][2]. Summary by Sections Employee Stock Ownership Plan Details - The ESOP involved the purchase of 1,366,900 shares, representing 0.13% of the company's total share capital at the time of purchase, sourced from the company's repurchased shares [1]. - The lock-up period for the ESOP is 12 months, starting from June 27, 2024, to June 26, 2025 [1]. Post-Lock-Up Arrangements - After the lock-up period, the management committee will facilitate the release and potential sale of shares according to the established management guidelines and agreements signed by the shareholders [2]. - The ESOP will adhere to market trading rules and regulations, prohibiting stock trading during sensitive periods, specifically 15 days prior to announcements and during decision-making processes [2]. Duration, Changes, and Termination of the ESOP - The ESOP has a defined duration but can be extended with the approval of the management committee and the board of directors [2]. - Any changes to the ESOP must be approved by a meeting of the shareholders and subsequently by the board of directors [2]. - Upon termination of the ESOP, the assets will be liquidated within 30 working days, and distributions will be made to shareholders after tax deductions [2][3]. Other Notes - The company will continue to monitor the implementation of the ESOP and fulfill its information disclosure obligations as required by law [3].

风险提示：以上内容仅作为作者或者嘉宾的观点，不代表和讯的任何立场，不构成与和讯相关的任何投 资建议。在作出任何投资决定前，投资者应根据自身情况考虑投资产品相关的风险因素，并于需要时咨 询专业投资顾问意见。和讯竭力但不能证实上述内容的真实性、准确性和原创性，对此和讯不做任何保 证和承诺。 股票名称["中毅永安","舒泰广康","安妮恒宝","恒宝gf","永安yy","逸豪xc","宁波hy","东信hp","金龙 y","大为gf","安妮gf","海科xy","融发hd","科恒gf","长城jg","华脉kj","泰和kj","建业gf","新通l","微芯 生物","兴通gf"] 板块名称["稳定币","固态电池","军工","油服","国产替代"] 市场反弹、龙虎榜、连板指数 看多看空文章提到市场超预期大涨，但全面大反弹摊子铺大仅小幅放量，明天大部分标的持续性 一般会出现大分化，同时龙虎榜活跃度下降且有些失真，整体多空因素交织，所以对A股看法为 中性。 陈小群，上榜3亿+，.. 和讯自选股写手 今日市场量能放量 550 亿，总量能达 1.1 万亿附近，行情超预期大涨，但因全面大反弹摊子铺大仅小幅 放量 ...

今日早参 2025 年 6 月 24 日 林晓明 金融工程首席研究员 座机：0755-82080134 邮箱：linxiaoming@htsc.com 张继强 研究所所长、固收首席研究员 座机：13910012450 邮箱：zhangjiqiang@htsc.com 今日热点 金工：10 只 AAA 级科创债 ETF 集中申报 2025 年 6 月 18 日，10 家头部基金公司集中申报科创债 ETF，分别跟踪中证 /上证/深证 AAA 科创债指数，成分券为高信用评级（AAA）的科创债。三只 科创债指数均在 2023 年下半年发布，2024 年至今收益率水平均高于、最大 回撤略大于、Sharpe 略低于久期相近的中债-新综合财富（3-5 年）指数。中 证和上证 AAA 科创债指数的发布机构为中证指数公司，加权方式为总市值加 权，久期约在 4 年左右。深证 AAA 科创债指数由深证指数公司发布，加权方 式为债券发行量加权。 风险提示：本报告不涉及证券投资基金评价，不涉及对具体基金产品的投资 建议，亦不涉及对具体个股的投资建议；投资者需特别关注指数编制公司、 基金公司等官方披露的信息。 研报发布日期：2025-0 ...

Core Viewpoint - The complete blockade of the Strait of Hormuz by Iran is considered a high-risk, low-probability scenario due to multiple constraints affecting Iran's oil exports and its economic partnerships [1][7]. Group 1: Market Reactions - Following the U.S. airstrikes on Iranian nuclear facilities, stocks in the A-share port shipping, oil service facilities, and oil extraction sectors surged, with companies like Ningbo Shipping and Lianyungang hitting their daily price limits [1]. - International oil prices initially spiked over 6% but later turned negative, with WTI crude falling to $73.47 per barrel and Brent crude to $75.21 per barrel [1]. Group 2: Importance of the Strait of Hormuz - The Strait of Hormuz is a critical maritime route for oil exports, with approximately 20 million barrels per day passing through, accounting for over 25% of global maritime oil trade [2]. - About 84% of the oil and products transported through the Strait are destined for Asian markets, with India, Japan, China, and South Korea being the primary importers [2]. Group 3: LNG Trade and Risks - The Strait accounts for over 20% of global LNG trade, with 85% of these deliveries heading to Asia, while Europe has a relatively limited exposure [3]. - Potential disruptions in LNG transport could lead to increased competition for spot LNG in Asia, resulting in upward pressure on gas prices globally [3]. Group 4: Alternative Transport Routes - The market is evaluating alternative transport routes and ports, with limited capacity in existing pipelines to bypass the Strait of Hormuz [4]. - The East-West Pipeline in Saudi Arabia can handle 5 million barrels per day, but only 2.6 million barrels per day can be rerouted in case of a blockade [4][5]. Group 5: Economic Implications for Iran - Iran currently exports over 1.6 million barrels per day through the Strait, and any blockade would severely impact its economy and its partners, particularly Qatar, which relies heavily on this route for LNG exports [7]. - The long-term outlook suggests that the current oversupply of crude oil may not be significantly altered by this crisis, as OPEC's production increases and global economic weakness persist [8].

机械 2025 年中投资策略：硬科技与低估值并驾齐驱 20250622 上半年机械行业受益于机器人、减速机等主题投资，涨幅显著，但内需 受制造业、房地产和基建疲软影响，整体偏弱。 中国制造业对外直接投资持续增长，复合年均增长率达 7.43%，东盟占 比提升，多家机械公司积极进行海外产能布局，并掀起赴港上市热潮。 下半年机械行业投资机会集中在硬科技（巨轮智能、可控核聚变）和低 估值方向，港股市场因证券资产供给充足和全球资金涌入值得关注。 工程机械内需复苏温和，主要由更新换代驱动，二季度挖掘机销量降速， 但大型挖掘机表现依旧良好，预计后续恢复正增长。 工程机械外需良好，亚非拉地区复苏，欧美地区降幅收窄，中国企业在 欧美市场份额提升空间大，俄语区重建需求或带动增长。 工控行业一季度扭转下滑趋势，同比增长 2.35%，暖通空调、工业机器 人等行业增速较快，龙头公司市占率提升，并推出新品应对复苏。 油服设备市场与国际油价关联度不强，国内三桶油资本开支维持较高水 平，非常规油气开采设备订单表现超预期，海外业务占比显著提升。 Q&A 2025 年上半年机械行业的整体表现如何？ 2025 年上半年，机械板块表现突出，共有近 ...

金融工程 证 券 研 究 报 告 市场情绪监控周报（20250616-20250620） 本周热度变化最大行业为石油石化、有色金属 本周市场热度跟踪 本周宽基热度变化方面：热度变化率最大的为中证 1000，相比上周提高 5.04%， 最小的为中证 500，相比上周降低 2.93%。 本周申万行业热度变化方面，一级行业中热度变化率正向变化前 5 的一级行 业分别为石油石化、有色金属、传媒、国防军工、煤炭，负向变化前 5 的一级 行业分别为综合、纺织服饰、环保、建筑装饰、美容护理；申万二级行业中， 热度正向变化率最大的 5 个行业是油服工程、地面兵装Ⅱ、造纸、燃气Ⅱ、焦 炭Ⅱ。 申万一级行业中，从 2015 年开始回溯，当前估值处于历史分位数 80%以上的 一级行业有：计算机、电力设备、银行、国防军工；位于估值历史 20%以下的 有农林牧渔、交通运输、公用事业、家用电器、综合、非银金融、食品饮料、 钢铁； 申万二级行业中，从 2015 年开始回溯，目前处于历史分位数 80%以上的二级 行业有化学制药、动物保健、国有大型银行、冶钢原料、汽车服务、航天装备、 风电设备、旅游及景区、乘用车、服装家纺、商用车、房地产服务 ...

美军炸弹落伊朗，A股周一谁笑谁哭？ 特朗普的社交媒体帖子宣告"和平时刻"降临，千里之外的A股股民账户却在为战争买单倒计时。 6月22日清晨，美国总统特朗普在社交媒体投下一枚"信息炸弹"：美军成功打击伊朗三处核心核设施，所有军机安全返航，文末不忘附上一句"现在是和平 的时刻"。 此次突袭堪称现代战争史上的"静默闪电战"。 从特朗普宣称"考虑动武"到炸弹落地，仅隔48小时，期间美军完成了一场精密部署：战机转入地下掩体、核潜艇悄然离港、隐身轰炸机进入待命状态。当 GBU-57"巨型钻地炸弹"砸向福尔多地下核设施时，伊朗防空系统竟未监测到任何交火信号。 这次行动标志着美国从中东代理人战争转向直接干预的战略转折。与6月13日以色列发动的"狮子勇气行动"不同，此次美军亲自摧毁伊朗核命脉，动用了 可穿透60米钢筋混凝土的终极武器。 美DKF 中专利多少 | 2017-01-11 | 11:20:50 | P 俄罗斯恐将出手! 发出"最强硬表态" 若哈梅内伊遇刺 将作出"非常负面"的反应 线不接受伊朗政权发生重建的仙鹰军用言潘多拉魔盒 時刻之战或扩大军军国战争? 河南家公用自由 發表可算產產品含分時買票， 伊朗良發型箱 "不 ...