证券时报·数据宝统计，截至上午收盘，今日沪指涨0.08%，A股成交量550.44亿股，成交金额6863.36亿 元，比上一个交易日减少14.81%。个股方面，1943只个股上涨，其中涨停39只，3209只个股下跌，其 中跌停10只。从申万行业来看，食品饮料、交通运输、非银金融等涨幅最大，涨幅分别为1.20%、 0.85%、0.81%；传媒、石油石化、计算机等跌幅最大，跌幅分别为1.69%、1.35%、1.16%。（数据宝） 今日各行业表现（截至上午收盘） | 国防军工 | | | | 新光光电 | | | --- | --- | --- | --- | --- | --- | | 计算机 | -1.16 | 668.11 | -15.63 | 致远互联 | -8.74 | | 石油石化 | -1.35 | 131.36 | 16.19 | 华锦股份 | -8.23 | | 传媒 | -1.69 | 268.71 | -1.71 | 元隆雅图 | -9.79 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上 ...

Group 1 - The industrial added value of Fushun City increased by 11.9% from January to May, with significant growth in industrial technological transformation investment by 56.5% and high-tech manufacturing investment by 85.4% [1] - A total of 132 new projects were initiated, representing a year-on-year increase of 25 projects or 23.3% [1][2] - Fushun City is focusing on project construction to support economic growth, with 510 key projects planned for the year, including 17 provincial-level key projects [2][3] Group 2 - The city has successfully transformed from a coal resource-depleted area to a greener and smarter urban environment, with significant improvements in land previously used for mining [2] - The city is implementing a "green channel" for project approvals and providing greater support for financing, energy use, and land allocation to facilitate project construction [3] - Fushun has been recognized as a national pilot city for the digital transformation of small and medium-sized enterprises, establishing 30 digital workshops and smart factories [4] Group 3 - Fixed asset investment in Fushun has shown continuous double-digit growth for five consecutive months, with a growth rate of 14.1% from January to May, placing it among the top in Liaoning Province [2][4] - The city has successfully secured 7.4 billion yuan in central funding to support 13 key projects, with significant investments in underground pipeline construction [3]

Group 1 - The core viewpoint is that the recent tensions in the Middle East have caused short-term impacts on A-shares, but these are expected to be temporary and limited in substance [1] - A-shares are anticipated to return to a narrow range of fluctuations after the short-term adjustment, with a gradual upward trend expected as trade conflict concerns ease [1][2] - The market is entering a policy window period in late June, with expectations for new policies aimed at stabilizing employment and promoting high-quality development [2] Group 2 - In June, the market is likely to experience event-driven thematic trends, with a focus on low-position sectors such as consumption, pharmaceuticals, and technology growth [3] - The promotion of consumption and expansion of domestic demand is a key task for 2025, with expectations for policy support in sectors like dairy products, IP consumption, leisure tourism, and medical aesthetics [3] - The trend of domestic robotization is expected to continue, with opportunities arising in related sectors such as sensors and controllers [3] - The semiconductor industry is moving towards domestic production, with attention on semiconductor equipment, wafer manufacturing, and IC design [3] - The military industry is expected to see a rebound in orders by 2025, with signs of recovery in various military sub-sectors [3] - The innovative pharmaceutical sector is anticipated to reach a turning point in fundamentals by 2025, following a period of adjustment [3] - The AI sector is expected to see new catalysts, particularly with updates from MiniMax, which may lead to renewed interest in AI-related investments [3] Group 3 - The market showed a preference for safe-haven assets, with energy-related sectors rising amidst the tensions in the Middle East [4] - Popular sectors such as innovative pharmaceuticals and banking experienced adjustments, while oil and petrochemical sectors saw gains due to increased risk aversion [4] - Overall market performance was characterized by more declines than gains, with only the oil and petrochemical sector rising [4]

Core Viewpoint - The integration of the petrochemical industry with new energy and artificial intelligence is essential for the transformation and upgrading of Henan's petrochemical sector, addressing its current structural issues and high energy dependence [2][3]. Industry Development - Henan Province has established a distinctive salt chemical industry cluster, transitioning from traditional products like soda ash and caustic soda to high-end new materials such as polycarbonate and epoxy resin [2]. - The province has formed 47 differentiated chemical industry clusters, showcasing regional characteristics [2]. Challenges - The petrochemical industry in Henan faces challenges such as a relatively short industrial chain, severe product homogeneity, and high external dependence on coal and oil resources, with coal dependence at approximately 50% and oil and gas resource dependence exceeding 90% [2][3]. Strategic Recommendations - To achieve a high-end green transformation, the industry should focus on four key areas: high-value conversion of carbon-based energy, green production process innovation, high-end transformation of new materials, and intelligent digital transformation [3]. - Suggested strategies include the integration of renewable energy with petrochemicals, low-carbon transformative processes, and the development of high-end new materials from coal-based oxygen-containing compounds [3]. Event Overview - The 2025 Central China (Zhengzhou) Chemical Technology Equipment and New Materials Exhibition aims to promote high-quality development in the chemical industry, featuring 16 sectors including new chemical materials, advanced nylon materials, electronic chemicals, and smart chemical equipment [3]. - The event is organized by the Henan Petroleum and Chemical Industry Association and the Henan Chemical Pharmaceutical Safety Production Association, emphasizing the chemical industry's role as a core engine for economic development in Central China and its importance in achieving carbon neutrality goals [3]. Collaborative Initiatives - The release of the "Mountain River Four Provinces Chemical Industry Chain Collaborative Development White Paper" outlines a strategic path to build a trillion-level chemical industry cluster [4].

Group 1 - The core viewpoint highlights the impressive achievements of the Fangyang Water Plant in Lianyungang, which has reached a wastewater reuse rate of 70%, setting a benchmark in the industry for wastewater resource utilization [1] - The Lianyungang Petrochemical Industry Alliance Party Committee plays a crucial role in supporting enterprises like Jiangsu Fangyang Water Co., helping them secure national energy-saving and carbon reduction funds, thereby promoting the implementation of green projects [1] - The city has been actively exploring new paths for strengthening, supplementing, and extending the industrial chain through party-building initiatives, integrating organizational construction and service support into the industrial chain [1] Group 2 - Lianyungang is focused on building a high-quality service chain along the industrial chain, with the successful approval of the 1 million tons/year waste oil fat conversion to biomass energy project by Jiaao New Energy Co., marking it as a national green low-carbon advanced technology demonstration project [2] - The city has been designated as a SAF export pilot zone, facilitating the first domestic company to be included in the "exporter whitelist," indicating a significant advancement in China's SAF export channel [2] - A service team consisting of 98 units has been established to provide policy, legal, financial, and technological support to enterprises, enhancing the overall service quality and addressing practical challenges faced by companies [2] Group 3 - The Lianyungang Petrochemical Industry Alliance Party Committee has successfully integrated upstream and downstream resources to create a collaborative industrial ecosystem, promoting mutual development among various stakeholders [3] - The committee aims to continue focusing on strengthening, supplementing, and extending the industrial chain by leveraging the advantages of "chain master" enterprises and facilitating project cooperation [3] - The goal is to enhance the overall quality of the petrochemical industry in Lianyungang, driving related industries to thrive and contributing to high-quality development [3]

连续八年入围该榜单，不仅是市场对恒力综合实力的认可，更是中国品牌全球影响力的生动注脚。 当前，面对新一轮科技革命与产业变革，恒力集团将以绿色化、智能化、数字化为引擎，持续为品牌注 入发展动能。未来，恒力将继续深耕实体经济，以更强劲姿态向世界一流品牌行列迈进。 据了解，世界品牌实验室编制中国品牌报告已22年，2004年入选门槛仅为五亿元，前500名品牌的 平均价值为49.43亿元。今年，入选门槛提高到42.91亿元，前500名品牌的平均价值达840.53亿元，增幅 1600.45%。此次年度报告显示，江苏有38个品牌入选，数量位列第五位。 荣誉的背后，是恒力集团31年深耕实业的坚守与突破。自创立以来，恒力始终秉持"要做就做最 好"的企业信条，以"建世界一流企业，创国际知名品牌"为目标，构建起"从一滴油到一匹布"的全产业 链布局，形成以"恒力"为核心主品牌，多领域协同发展的品牌矩阵。 创新驱动是恒力品牌跃升的核心密码。今年4月，恒力集团专利授权总数突破2000件大关，这一里 程碑标志着其在纺织、化纤、新材料、石化、炼化、化工、高端装备制造等关键领域的创新能力迈上新 台阶。依托"全产业链+自主研发"双轮驱动模式，恒 ...

Core Viewpoint - The sixth Multinational Corporation Leaders Qingdao Summit highlighted the "Investment in China" investment exchange cooperation meeting, showcasing typical cases of multinational companies aiding Shandong's green, low-carbon, and high-quality development [1][4]. Group 1: Investment Projects - The investment exchange meeting presented 10 typical cases selected from 52 submissions across 16 cities in Shandong, demonstrating the collaborative efforts between multinational companies and Shandong in pursuing green development [4]. - SKF Group, the world's largest bearing manufacturer, invested 500 million yuan in Jinan to expand its factory and establish a global commercial vehicle R&D center [4]. - AstraZeneca, a Fortune 500 company, invested 750 million USD in Qingdao to build a zero-carbon inhalation aerosol production base and regional headquarters [4]. - Hexagon, the largest manufacturer of coordinate measuring instruments globally, invested 2.1 billion yuan in Qingdao to create a technology R&D center and Greater China headquarters [4]. Group 2: Strategic Partnerships - Kuwait Petroleum Company acquired a 25% stake in Wanhua Chemical through capital increase and merger, with foreign investment amounting to approximately 638 million USD [5]. - OSI Group, an American company, established its tenth factory in China in Weihai, with a total foreign investment exceeding 140 million USD over two years [6]. - Henkel, a Fortune 500 company, invested 120 million euros in Yantai to create its largest single investment project globally [7]. - Komatsu, another Fortune 500 company, invested 10.6 billion yuan to build a global smart manufacturing industrial base in Jining [8]. - Eagle Group from Singapore invested approximately 11 billion yuan in a 600,000-ton lyocell fiber project in Jining, while Asia Pacific Forestry's projects in Rizhao accumulated nearly 30 billion yuan in investment [8]. - ZF Friedrichshafen, a German Fortune 500 company, made three consecutive capital increases totaling 140 million euros to establish a safety airbag integrated project globally for the first time in Rizhao [8]. - Cigna Group, a Fortune 500 company, has cumulatively invested 580 million USD in a biotechnology project in Liaocheng, with 10 expansions since 2004 [9].

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [2][7]. Core Viewpoints - The company is the largest oil and gas producer in China, playing a crucial role in stabilizing energy supply for the economy and ensuring the operation of industrial production and infrastructure [4]. - The company is actively pursuing a "reduce oil and increase specialty products" strategy through refinery upgrades and extending the natural gas industry chain [5]. - The company has made significant advancements in unconventional oil and gas development, energy supply security, and refining upgrades, as demonstrated by its recent roadshow and facility tours [3]. Summary by Relevant Sections Energy Supply and Development - The company operates the Hutu Bi gas storage facility, which is the first large-scale underground gas storage facility in China with a capacity exceeding 10 billion cubic meters, ensuring stable gas supply for residents and emergency situations [4][17]. - The Xinjiang oilfield has a long history and has achieved breakthroughs in shale oil development, with a projected production of 20 million tons of crude oil by 2025 [6][8]. Refining and Chemical Production - The company has established four major bases for heavy oil processing, high-grade lubricating oil production, high-grade road asphalt production, and low-temperature diesel production [5]. - The Dushanzi Petrochemical Company is advancing its ethylene production capacity, with a 600,000 tons/year ethylene cracking unit already operational and a 1.2 million tons/year unit expected to be completed by 2026 [5][38]. Financial Projections - The company is expected to achieve a net profit attributable to shareholders of 167.4 billion, 170.9 billion, and 174 billion yuan for the years 2025, 2026, and 2027 respectively, with diluted EPS of 0.91, 0.93, and 0.95 yuan [5][42].

作为首批"吃螃蟹"的人，信息中心智能网络室主任魏兴国记忆犹新，为让MES（生产信息化管理系统） 调度报表在不同国产电脑上稳定运行，团队连续两周加班测试，兼容性报告改了5版。 首个全栈信创实现工业应用 "响应速度流畅，调取复杂数据效率不输国外系统。"塑料厂高压聚乙烯车间技术员王浩坤通过国产系统 操作实时数据库监测装置实时参数，温度、压力、物料流速正以0.01秒精度更新，精准反映装置运行情 况。 如今，生产应用系统在"C86国产终端+中科方德生态系统"加持下流畅运行，生产调度精准指挥产线， 财务核算分毫不差，供应链与客户系统无缝衔接，国产技术生态的潜力与可靠性得到验证。 "齐鲁石化（600002）既有敢为人先、勇于开拓、敢于担当的魄力，又有对事物的准确判断和科学决 策，成功实现了塑料厂核心业务系统与国产操作系统的融合适配，作出了榜样，走在了前列！"近期， 人民日报社国家治理创新经验课题调研组给予齐鲁石化信创工作高度评价。 在全球科技竞争白热化、产业链重构加速的关键时期，信创不仅是数字经济时代的战略选择，更是保障 国家产业链供应链安全、维护国家安全的关键举措。齐鲁石化坚决贯彻落实国家信创政策，按照中国石 化总体部署 ...

投资策略 +-[Table_MainInfo]科创板改革获推进，市场延续窄幅震荡 ――A 股市场投资策略周报 | 分析师： 严佩佩 | | SAC NO： | S1150520110001 2025 年 6 月 19 日 | | | | | --- | --- | --- | --- | --- | --- | --- | | [Table_Analysis] 证券分析师 | [Table_Summary] 投资要点： | | | | | | | 严佩佩 |  | 市场回顾，近 | 个交易日（6 月 日-6 月 日），重要指数纷纷收跌； 13 19 | | | 5 | | 022-23839070 | | 其中，上证综指收跌 | 1.19%，创业板指收跌 1.95%；风格层面，沪深 | 300 | | | | SAC NO:S1150520110001 | 收跌 | 1.26%，中证 | 收跌 2.12%。成交量方面小幅缩量，两市统计区 | | 500 | | | yanpp@bhzq.com | 间内成交 | 6.33 | 万亿元，日均成交额达到 万亿元，较前五个交易日 1.27 | | | | | | ...