Core Viewpoint - Shell's immersion cooling liquid has received official certification from Intel, marking it as the first globally recognized cooling liquid compatible with Intel's 4th and 5th generation processors, indicating significant application potential in data centers [2][4]. Group 1: Product Innovation - Shell's immersion cooling liquid can reduce energy consumption in data centers by up to 48% and operational costs by as much as 33% compared to traditional cooling systems [4]. - The cooling liquid, developed by Shell's laboratories, achieves heat dissipation by immersing servers in an electrically insulating liquid, boasting thermal conductivity over a thousand times greater than air cooling systems [4][1]. - The adoption of immersion cooling can reduce the physical footprint of data centers by 80% by eliminating the need for traditional cooling equipment such as fans and evaporative cooling systems [4][1]. Group 2: Market Context - Current data centers account for approximately 1.5% of global electricity demand, with energy consumption expected to surge from 415 terawatt-hours in 2024 to around 945 terawatt-hours by 2030 due to the explosive growth of artificial intelligence [6][3]. - Traditional cooling systems typically consume 30-40% of a data center's energy, highlighting the efficiency of Shell's immersion cooling solution [6][4]. Group 3: Strategic Focus - Shell is committed to investing in high-end product development for emerging sectors such as electric vehicles, energy storage systems, and data centers, aiming to assist industrial clients in achieving energy-saving and carbon reduction goals [8][1].

Group 1 - The core viewpoint of the article highlights the structure of lubricant oil consumption in China, which is divided into transportation and industrial oils, with transportation oil accounting for approximately 55% and industrial oil for about 30% of total consumption [1] - In the transportation lubricant oil segment, gasoline and diesel engine oils dominate, with their consumption proportions projected to be 36% and 39% respectively in 2024, while gear oil accounts for 9% [2] - The internal combustion engine oil, which includes gasoline and diesel engine oils, plays a crucial role in lubricating engine components and is expected to maintain a high consumption share [5] Group 2 - The strategic position analysis of the transportation lubricant oil market indicates that the automotive sector has a high market attractiveness and competitive position, while the engineering machinery sector shows a relatively lower strategic position due to slower growth [10] - The total consumption of turbine oil is expected to account for 16% and diesel engine oil for 24% in 2024, indicating a significant share of internal combustion engine oil in the lubricant market [8] - Major brands in the lubricant oil industry include Kunlun, Great Wall, Compton, and Longpan, offering a variety of products such as synthetic high-performance gasoline engine oils and specialized diesel engine oils [6]

混动车型需求迎来市场良机 摩特的首款混动车型专用润滑油是于2016年问世，但此后近十年的时间里，该公司并未对该产品做出太 大的调整或者升级。 原因在于该公司管理层对市场需求的判断："在2023年之前，新能源汽车渗透率的提升还没有如今这样 的趋势，但从2024年开始，我就明确感受到这样的势头。" "你从去年全国乘联会（注：中国汽车流通协会乘用车市场信息联席分会）所公布的去年混动车增速， 就能知道答案了。"王远博在接受记者专访时首先解答第一个疑惑。 乘联会的数据显示，2024年，中国混合动力汽车市场同比增长65%。这一增速让王远博振奋："这是一 个很'可怕'的数字，如果连续保持这样的增速，混动车型所带来的市场需求将十分可观。" 事实上，混动车的规模化增长，是当前中国汽车电动化趋势下市场需求格局演变的一个缩影。"'十年河 东、十年河西'，中国汽车市场、汽车供应链已经成为全球一股强劲动力，并体现出巨大的需求和独特 性。"王远博告诉记者。 成立已有172年历史的法国润滑油企业摩特，借着今年5月国际汽联F4方程式中国锦标赛上海站开赛之 际，发布了一款面向混合动力专用的汽车润滑油新产品。 在专访摩特中国董事总经理王远博前， ...

转自：前瞻产业研究院 行业主要上市公司：中国石油(601857);中国石化(600028);康普顿(603798);龙蟠科技(603906);中晟高科 (002778);统一股份(600506)等 本文核心数据：润滑油行业上市公司汇总;业绩比较;发展规划等 1、润滑油行业上市公司汇总及基本信息 滑油是指涂在机器轴承、设备等运动部分表面的油状液体，主要用于减少运动部件表面间的摩擦，同时 起到冷却、密封、防腐、防锈、绝缘、功率传送、清洗杂质等的作用。 目前，我国润滑油相关产业链中上游产业包括原油/石油供应、润滑油基础油和润滑油添加剂，中游润 滑油制造主要包括汽车润滑油和工业润滑油等，润滑油作为工业应用、汽车制造中的血液，为工业、运 行提供润滑作用。其中产业链各个环节具体上市公司包括： | 产业链环节 | 企业简称 | 简介 | 行业关联度 | | --- | --- | --- | --- | | 原油/石油供应 | 中曼石油 | 一家专注于石油、天然气领域的国际知名 综合性油气公司 | ★★★★★ | | | 泰山石油 | 中国石化子公司 | ★★★★ | | | 和顺石油 | 成品油批发资质的民营石油企业公司 ...

转自：前瞻产业研究院 行业主要上市公司：中国石油(601857);中国石化(600028);康普顿(603798);龙蟠科技(603906);中晟高科 (002778);统一股份(600506)等 本文核心数据：中国润滑油进出口金额;中国润滑油进出口量;中国润滑油进出口均价 1、润滑油行业进出口总况 润滑油相关的海关编码为"润滑油，不含有生物柴油"，HS编号是"27101991"。 近年来中国润滑油行业进出口情况逐年增长，中国润滑油行业下游相关产业的迅速发展，对于润滑油的 需求量越来越大，行业进出口额持续稳定增长。 海关数据显示，2024年中国润滑油行业产品进出口总额14.17亿美元，同比上升5.73%，反映润滑油进出 口规模逐渐扩大，其中进口额9.04亿美元，同比上升1.44%;出口额为5.13亿美元，同比上升14.36%。贸 易逆差为3.91亿美元，同比下降11.54%，反映中国对润滑油需求依赖进口支持，但近两年来依赖程度有 所减缓。 2025年前两个月，中国润滑油行业产品进出口总额2.15亿美元，贸易逆差为0.55亿美元。 2、润滑油进口情况 2019-2024年，中国润滑油进口金额整体呈现波动增长趋势 ...

Core Insights - The Tianjin Beichen District Market Supervision Administration released the results of the 2024 quality supervision sampling inspection for key industrial products, revealing that out of 55 batches tested, 54 were qualified and 1 was unqualified [3][4]. Group 1: Product Quality Inspection Results - Five types of products were inspected: automotive engine oil, engine coolant, brake fluid, windshield washer fluid, and gasoline detergent [3][4]. - A total of 54 batches of products passed the inspection, while only 1 batch was found to be unqualified [3][4]. Group 2: Unqualified Product Details - The unqualified product was identified as a fuel system cleaner from Tianjin Chuan Da Automotive Maintenance Co., Ltd., suspected of being counterfeit [4]. - The inspection did not find any unqualified products from several other companies, indicating a generally high compliance rate among the tested products [4][5].

Group 1 - The core viewpoint of the news highlights the fluctuations in investment and financing within China's lubricating oil industry from 2008 to 2024, with a peak in financing events in 2016 and a significant drop in 2023 [1] - In 2023, there was only one financing event amounting to 10 million yuan, while in 2024, there are six financing events totaling 534 million yuan [1] - The lubricating oil industry is characterized by stability, with few mergers and acquisitions due to high entry barriers and a stable competitive landscape [3] Group 2 - The apparent consumption of lubricating oil in China for 2023 is estimated to be approximately 7.48 million tons [5] - The apparent demand for base oil in China for 2023 is around 8.37 million tons, with domestic production reaching 6.77 million tons, reflecting a year-on-year growth of 5.06% [6] - The industry is seeing strategic acquisitions aimed at enhancing market position and diversifying product offerings, such as the acquisition of Beijing Anlan Environmental Technology by Qingdao Compton [4]

证券代码：603798 证券简称：康普顿 公告编号：2025-019 青岛康普顿科技股份有限公司 产品类别 产量（吨） 销售量（吨） 销售收入（元） 车用润滑油 14,224 14,531 250,062,036 工业润滑油 2,422 2,331 24,415,952 防冻液 398 430 2,170,971 尾气处理液 62,247 61,783 56,755,925 (一) 主要产品的产量、销量及收入情况 根据《上海证券交易所上市公司自律监管指引第 3 号—行业信息披露》之《上 市公司行业信息披露指引第十三号—化工》有关规定和披露要求，公司 2025 年 第一季度主要经营数据如下： （二）2025 年第一季度主要产品销售价格变动情况 单位：元/吨 | 产品名称 | 2025 年 | 2024 年 | 变动幅度 | | --- | --- | --- | --- | | | 第一季度价格 | 第一季度价格 | | | 车用润滑油 | 17,209 | 17,426 | -1.2% | | 工业润滑油 | 10,474 | 10,492 | -0.2% | | 防冻液 | 5,047 | 4,938 | ...

Core Viewpoint - The investment activities of private equity mogul Ge Weidong have garnered significant market attention, particularly his recent adjustments in stock holdings as revealed in the 2024 annual report and the 2025 Q1 report of listed companies [1]. Group 1: Ge Weidong's Stock Holdings - In Q1 2025, Ge Weidong initiated a new position in Su Da Wei Ge, acquiring 1.62 million shares valued at approximately 33 million yuan, making him the seventh-largest circulating shareholder [4][6]. - He maintained his holdings in Zhaoyi Innovation, with a market value of 2 billion yuan, and did not sell any shares of *ST Chengchang despite a decline in stock price [13][16]. - Ge Weidong also increased his stake in Zhongsheng High-Tech, raising his holdings to 2.36 million shares, valued at 41 million yuan [18][19]. Group 2: Financial Performance of Su Da Wei Ge - Su Da Wei Ge reported a revenue of 1.841 billion yuan for 2024, a year-on-year increase of 6.85%, but faced a net loss of 58.05 million yuan, marking a 27.06% decline [6]. - In Q1 2025, the company generated 453 million yuan in revenue, a decrease of 3.93%, while net profit was 17.34 million yuan, reflecting a 5.99% increase year-on-year [6]. Group 3: Other Notable Investments - Ge Weidong's portfolio includes new investments in China Satellite Communications, where he acquired 8.396 million shares valued at 171 million yuan, making him the ninth-largest circulating shareholder [8][9]. - He also increased his holdings in Zhenlei Technology, maintaining 412.19 million shares, which saw a price increase of 9.63% in Q1 2025 [10][12].

转自：前瞻产业研究院 2、2024年全球润滑油行业市场规模为1814亿美元 行业主要上市公司：中国石油(601857);中国石化(600028);康普顿(603798);龙蟠科技(603906);中晟高科 (002778);统一股份(600506)等 本文核心数据：全球润滑油规模;全球润滑油消费结构;全球润滑油需求量 1、全球润滑油行业发展历程 全球润滑油行业始于19世纪70年代，至今已有百余年历史。进入了20世纪70年代，由于民用工业开始起 步，行业逐渐形成市场规模。20世纪90年代至今，润滑油产品发展迅速，已经被广泛用于工业范畴的各 个领域。 | 时间 | 发展历程 | | --- | --- | | 19 世纪 70 年代-20 | 1876年在俄国的巴拉罕建立了世界上第一个润滑油生产厂,1878年巴黎世界博览 | | 世纪 20年代 | 会上俄国人推出了第一批矿物润滑油样品。从此,润滑剂作为一种材料、一类产品 | | | 和一门科学进入了人们的世界。 | | 20 世纪 30 年代-70 | 糖醛精制工艺和丙烷脱沥青工艺相继投入工业使用,把矿物油工业推向了现代化的 | | 年代 | 发展阶段。二次世界 ...