Core Viewpoint - The A-share market has experienced a significant surge, with major indices breaking previous highs, indicating a potential bull market phase [1][3][5]. Market Performance - On August 18, the Shanghai Composite Index reached a nearly 10-year high, surpassing 3740 points during intraday trading, closing at 3728.03 points, up 0.85% [3][4]. - The North Star 50 index saw a remarkable increase, closing at 1576.63 points, up 6.79%, marking a historical high [3][4]. - The ChiNext Index also performed well, closing at 2606.20 points, up 2.84%, nearing its previous high from January 2023 [3][4]. Market Capitalization - The total market capitalization of A-share listed companies exceeded 100 trillion yuan for the first time, reaching a new historical high [4]. Sector Performance - The brokerage sector, known as the "bull market flag bearer," showed significant gains, along with sectors like stock trading software, optical modules, liquid cooling servers, rare earths, short drama games, and PEEK materials [1][3]. - Some sectors, including banks, gold, and industrial metals, experienced corrections after previous gains, while the real estate sector continued to decline [1][3]. Investment Sentiment - Experts generally agree that the current market presents a favorable opportunity for long positions, with ample incremental capital inflow into the A-share market [1][5]. - There is a consensus among institutions that the market is undergoing a "healthy bull" phase, driven by policy support and increased market confidence [5][6]. Investor Behavior - Retail investors remain cautious about the bull market, citing the need for stronger signals to confirm the trend and facing challenges in direct participation [7]. - Investment strategies suggest focusing on sectors with strong fundamentals and avoiding chasing high prices to mitigate risks [4][7].

Investment Rating - Industry investment rating: Stronger than the market, maintained [1] Core Views - Focus: OPEC+ plans to increase production by 547,000 barrels per day in September, leading to a rise in US crude oil and gasoline inventories, resulting in a decline in energy prices and weaker performance in the petrochemical sector [2] - Review: The petrochemical index closed at 2283.32 points, down 0.05% from the previous week, with oilfield services showing the best performance within the sector, increasing by 3.77% [3][5] - Crude Oil: Energy prices are declining, with US crude oil inventories rising and mixed performance in refined oil inventories [6][11] - Polyester: Prices of polyester filament are stable with an upward trend, and inventory days for Jiangsu and Zhejiang weaving machines are decreasing, indicating an increase in operating rates [15][21] - Olefins: Sample prices for polyolefins remain stable, while inventories are increasing [22][25] Summary by Sections Crude Oil - Energy prices are on a downward trend, with Brent crude futures and TTF natural gas futures closing at $66.33 per barrel and €30.92 per megawatt-hour, down 0.8% and 4.0% respectively from the previous week [8] - US crude oil and petroleum product inventories (excluding strategic reserves) stand at 1,267,347 thousand barrels, an increase of 7,522 thousand barrels from the previous period [12] Polyester - The prices of polyester filament (POY, DTY, FDY) are reported at 6,750, 7,950, and 7,100 yuan per ton, with price differentials increasing by 184, 154, and 254 yuan per ton respectively compared to last week [16] - Inventory days for polyester filament in Jiangsu and Zhejiang have decreased, with FDY, DTY, and POY inventory days at 23.3, 28.2, and 16.1 days respectively [21] Olefins - Sample prices for polyethylene and polypropylene are reported at 7,830 and 8,050 yuan per ton, with a slight increase of 0.51% and no change respectively from the previous week [25] - The total petrochemical inventory for polyolefins is 770,000 tons, an increase of 20,000 tons from the previous week [25]

Group 1 - The A-share market continues to rise, with the Shanghai Composite Index reaching a new high, marking a significant milestone in the market's performance [1] - The total market capitalization of A-share companies has surpassed 100 trillion yuan for the first time in history, indicating strong investor confidence and market growth [1] - Agricultural Bank of China leads the A-share market capitalization at 2.19 trillion yuan, followed by Industrial and Commercial Bank of China at 2.02 trillion yuan, with several other companies also exceeding 1 trillion yuan in market value [1] Group 2 - The Shanghai Composite Index has broken through the previous high of 3731.69 points set on February 18, 2021, representing the highest level in nearly a decade since August 2015 [1] - Sectors such as liquid cooling servers, media and entertainment, shipbuilding, and semiconductors have shown significant gains, reflecting positive trends in these industries [1]

| ■ 上证指数 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分 1小时 2小时 3小时 4小时 Tick | | --- | | 三十 。 アット | 格隆汇8月18日｜根据实时数据统计，截至10时34分，A股市值总和突破100万亿元，创历史新高，这也是A股历史上首次突破100万亿元大关。农业银行位居 A股市值榜首位，为2.19万亿元；工商银行A股市值2.02万亿元，位居次席。此外，贵州茅台(600519)、中国石油(601857)、中国银行、宁德时代(300750)等4 股A股市值均超万亿元。 ...

证券时报消息，8月18日，A股继续大涨，上证指数续创阶段新高。证券时报记者根据实时数据统计， 截至10点34分，A股公司A股市值总和突破100万亿元（以A股最新价*A股总股本计算），创历史新高， 这也是A股历史上首次突破100万亿元大关。 此外，沪指盘中突破2021年2月18日的3731.69点，创2015年8月下旬以来的近10年新高。液冷服务器概 念、传媒娱乐、船舶、半导体等板块涨幅居前。 具体到公司方面，截至发稿时间，农业银行位居A股市值榜首位，2.19万亿元，工商银行A股市值2.02万 亿元位居次席。此外，贵州茅台、中国石油、中国银行、宁德时代等4股A股市值均超万亿元。 ...

Group 1 - A-shares continue to rise, with the Shanghai Composite Index reaching a new high [1] - The total market capitalization of A-share companies has surpassed 100 trillion yuan, marking a historical milestone [1] - Agricultural Bank of China ranks first in A-share market capitalization at 2.19 trillion yuan, followed by Industrial and Commercial Bank of China at 2.02 trillion yuan [1] Group 2 - Other notable companies with market capitalizations exceeding 1 trillion yuan include Kweichow Moutai, China Petroleum, Bank of China, and CATL [1]

一头扎进非常规油藏研究领域，河南油田非常规储层评价研究专家黎明就没给自己设终点。14年来，他 研发出一套数字化油藏技术，找到了非常规油藏储层的特点和储量动用最大化的规律，为老油田可持续 发展开拓了新阵地。他也被评为河南油田首届科技英才、中国石化集团公司劳动模范，并获得中国石化 集团公司东湾1HF井区长7致密油高效储量发现转化二等奖。他常说："就是要拿出绣花功夫，才能绣出 老油田的美好未来。" 细"织"井网 "网"住更多优质储量 "开发工作的主要任务就是把优质储量转化为产量，而如何实现储量的有效转化恰恰是最难的。"讲起动 用旬宜探区优质储量的思路，黎明的眉头紧锁。 旬宜探区的油藏属于致密油，采出油本身就难度很大。加上探井所在的井台地表沟壑纵横，建井场难度 也很大。工作还没展开，一道道难题就横亘在面前。 "乱麻总能理出头绪，慢慢来。"黎明说。旬宜探区的井台面积只有1.1万平方米，在这么小的范围如何 部署更多的井?黎明背着井位图、卫星定位仪等踏勘工具，深入位于陕西西北部大山里的旬宜探区，实 地了解情况。 钻井过程中，钻头在地下穿越，看不见、摸不着，是否能"钻"到目的层很难得知。黎明和团队成员为每 一口井量身定制了三 ...

Core Viewpoint - Daqing Oilfield is actively implementing green development practices, aligning with the "Two Mountains" theory and the concept of "green water and green mountains are as valuable as mountains of gold and silver," to achieve high-quality development through ecological protection and resource optimization [1][4][11]. Green Development - Daqing Oilfield has transformed polluted sites into green landscapes, utilizing waste treatment technologies to convert waste into eco-friendly materials, thereby enhancing its ecological footprint [3][4]. - The oilfield is committed to building a "waste-free green oilfield" by improving pollution prevention systems and reducing total pollutant emissions [3][4]. Carbon Neutrality Initiatives - The oilfield has achieved a 100% water reuse rate through a "producing—treating—reinjecting" cycle system and has improved water injection quality to over 90% with its self-developed "injection" system [4][6]. - Daqing Oilfield's CO2 enhanced oil recovery technology represents a significant advancement in sustainable oil extraction, addressing challenges in low-permeability oil fields while contributing to industrial carbon cycling [4][6]. Green Energy Transition - The oilfield is transitioning from oil extraction to green energy production, implementing a multi-energy complementary low-carbon development model, including low-carbon oil and gas production, clean energy supply, hydrogen industry, and CCUS [6][7]. - The Lama Dian Oilfield low-carbon demonstration area is the largest of its kind in China, featuring a combined wind-solar-thermal-hydrogen energy system with a total installed capacity of 150,000 kilowatts and generating over 400 million kilowatt-hours of electricity [6][7]. Biodiversity and Ecological Protection - Daqing Oilfield has established biodiversity protection areas, transforming previously degraded lands into thriving ecosystems, with significant improvements in plant and bird species diversity [9][10]. - The oilfield's annual tree planting efforts exceed 500,000 trees, contributing to carbon neutrality and enhancing the local environment [10][11].

Core Viewpoint - The implementation of the "strong injection and expansion wave" technology, which integrates flow field regulation and blockage adjustment, has led to significant improvements in oil extraction efficiency and cost reduction for Shengli Oilfield's Jibei Oil Management Area [1][2]. Group 1: Technology Implementation - The "strong injection and expansion wave" technology has achieved a 100% efficiency in oil displacement, resulting in a cost reduction of 2.23 million yuan [1]. - The management area has faced challenges in maintaining stable production due to high water content and poor liquid supply in aging oil fields, necessitating innovative approaches to oil extraction [1][2]. Group 2: Experimental Results - Initial experiments in the Qu9-斜91 and Qu9-313 well groups showed a slight decrease in liquid volume and dynamic liquid level, but a significant reduction in water content, indicating the effectiveness of the injection process [2]. - The daily oil production in the Qu9-馆三单元 increased from 112 tons at the end of the previous year to 137 tons currently, demonstrating the success of the new technology [2]. Group 3: Future Development - The management area plans to continue exploring new development strategies and analyze potential well groups to enhance oil extraction in aging fields [3].

Core Viewpoint - The successful drilling of the first "single-tube dual-well" production well, Chengbei 22H-16, by Shengli Oil Engineering Company marks a significant advancement in offshore drilling technology, enhancing oilfield development efficiency and quality [1] Group 1: Technology and Efficiency - The "single-tube multi-well" technology allows multiple wells to be drilled from a single borehole, significantly improving oil extraction efficiency [1] - Compared to traditional drilling methods, this new technology can reduce drilling costs by approximately 30% and optimize the utilization of limited platform space [1] Group 2: Project Implementation - The marine drilling company formed a specialized technical team to tackle the single-tube multi-well project, focusing on developing new tools and optimizing operational processes [1] - Continuous on-site guidance from the technical team ensured accurate operations during the drilling process, contributing to the successful completion of the well [1] Group 3: Future Prospects - The efficient drilling of Chengbei 22H-16 not only provides a technical foundation for broader application of the "single-tube multi-well" technology but also offers valuable experience for future exploration of "single-tube triple-well" implementations [1]