中化新网讯 6月20日，以"AI赋能，驱动油气产业数智跃迁"为主题的2025海南油气行业发展交流会在海 口举行，活动汇聚海南省油气行业和相关领域的行业学者和企业代表，共同探讨数智技术与油气产业融 合发展。 "AI作为石化行业数智化升级的重要赋能技术，正加速向石化行业新材料研发、炼化生产、安全环保、 设备管理、经营管理等各业务领域融合。"石化盈科智能制造板块专家高瑞建议，石化企业在AI探索、 试点和推广应用过程中，应结合自身的企业规模、业务需求、数据基础、IT基础设施能力和投资预算等 方面，围绕"能力—效率—成本"进行统筹考虑，系统谋划AI大、小模型的部署和应用方向，与石化工艺 和装备的深度融合，更好推动企业数智化升级。 华为油气行业人才发展解决方案专家陈浩泉在《数字化人才转型实践经验分享》中系统介绍了华为人才 发展理念、数字化人才培养实践以及油气行业人才培养实践案例。他表示，数智化人才队伍建设是数智 化战略落地的重要保障力量，需要面向管理人才、业务人才、技术人才开展体系化培养。面向不确定性 场景，企业需要通过训战结合的模式，探索业务新模式，打造数智化人才特种兵队伍，孵化企业数智化 转型落地应用的战略能力。 华 ...

2025.06. 25 内需消费或有潜力，但资金更关注落地细节。流动性适度宽松格局不改，指数难有深度调整。宽货币 +稳财政结构，利好市场局部轮动，半导体、军工、固态电池等低位科技机会相对较多。 深圳高平聚能资本基金经理谢爱民认为，六月底开始，随着中报预告陆续披露，市场将迎来新的业绩 预期，估值有望随增长而提升。哪些行业、哪些领域能够超预期表现，将成为点燃市场情绪的关键。 推荐阅读 盘面上，军工股掀涨停潮；大金融概念走强，券商、金融科技方向领涨；固态电池、算力题材涨幅靠 前。油气、IP经济、白酒、医药板块调整。 | 板块名称 | 涨幅量 | 主力金额 | 板块名称 | 涨幅备 | 主力金额 | | --- | --- | --- | --- | --- | --- | | 兵装重组概念 | +8.76% | +9.63 7. | 油气开采及服务 | -3.21% | -1.60 Z. | | 多元金融 | +4.93% | +13.01亿 | 可燃冰 | -1.78% | -1.08 Z | | 军工装备 | +4.83% | +34.26 7. | 影视院线 | -1.75% | -3.66 Z | | 国产 ...

Core Viewpoint - Asian oil and gas producers may face significant price volatility in the second half of the year due to OPEC+ production increases, U.S. shale oil exports, and tariff disputes among economies, which threaten long-term oil demand and pricing. However, escalating geopolitical tensions in the Middle East could expand the risk premium for crude oil in the short term, potentially pushing prices up to $90 per barrel, while long-term demand decline may lead to a drop to $40 per barrel [2]. Group 1: Market Performance - From January 1 to June 13, the Asian oil and gas index underperformed the broader market due to a slowdown in global trade and industrial activity caused by U.S. tariffs, leading to a bleak oil demand outlook. However, the performance gap narrowed in June as investor concerns about the Israel-Iran conflict and potential supply disruptions increased [5][6]. - During the same period, the MSCI AC Asia Pacific Energy Index rose by 7.48%, while the MSCI Asia Pacific Index increased by 9.1%, indicating that the energy sector lagged behind the broader market [6]. Group 2: Valuation Metrics - The price-to-book ratio for the Asian oil and gas sector stands at 1.1 times, aligning with the 10-year average, suggesting that investors have not fully accounted for the potential upside in oil prices. The uncertainty from U.S. tariffs has led traders to reduce their exposure to oil, reflected in the declining valuations from January to April [9]. - In June, valuations showed a slight recovery, indicating that traders have reduced earlier bets on falling oil prices following the Israel-Iran conflict. A $1 per barrel change in WTI crude oil price could lead to a $0.8 change in earnings per share for Asian oil companies [9].

Group 1: Market Performance - The NASDAQ, S&P 500, and Dow Jones Industrial Average changed by 0.21%, -0.15%, and 0.02% respectively, while the NASDAQ China Technology Index fell 1.26% and the Hang Seng Index dropped 1.52% from 20250616 - 20250622 [2] - Most A - share sectors declined, with the banking sector leading the gain. The wind All - A Index changed - 1.07%, and among 30 CITIC industries, only 4 rose and 26 fell, with the banking sector having a weekly gain of over 3% [3] - Interest - rate bond prices rose slightly and the yield curve shifted downward. The 10 - year Treasury bond futures rose 0.12%, and the yield of the 10 - year Treasury bond active bond fell 0.44 BP to 1.6396% [4] - The US Treasury bond yield decreased and the curve shifted downward. The 10 - year US Treasury bond yield dropped 3 BP to 4.38% as of June 20, 2025 [7] - The US dollar appreciated and the gold price fell. The US dollar index increased 0.63%, and the London gold spot price dropped 1.95% to $3,368.25 per ounce [8][9] Group 2: Market Liquidity and Policy - The capital price was divided, and the central bank's open - market operations had a net injection of 102.1 billion yuan from 20250616 - 20250622 [5] - The bond market leverage level increased, with the 5 - day average of inter - bank pledged repurchase volume rising from 7.95 trillion yuan on June 13 to 8.32 trillion yuan on June 20, 2025 [6] - The Fed's June FOMC meeting did not cut interest rates, maintaining the rate in the 4.25 - 4.50% range. The median forecast for the 2025 interest rate is 3.9%, equivalent to two rate cuts [10] - The loose monetary policy at the Lujiazui Forum did not materialize. The central bank governor announced eight financial opening - up measures but no specific monetary policy operations [11] Group 3: Geopolitical Situation - The conflict between Israel and Iran may continue, which could affect the improvement of market risk preference [12] - The US attacked Iranian nuclear facilities on June 21, 2025. The conflict may be limitedly escalated, and its duration may be extended [13][14] Group 4: Investment Outlook - The report is optimistic about the oil and gas and banking sectors in A - shares, as well as opportunities in the bond market and gold. A - shares are at a relatively high level in the shock range, and the yield of domestic interest - rate bonds has limited decline [15][16]

Core Viewpoint - OPEC+ is resuming production increases, putting pressure on oil supply, while US oil production growth remains limited, suggesting global oil prices may stabilize within a mid-range [1] Investment Opportunities - Five major investment themes are recommended: 1. Low-volatility dividend-leading oil and gas state-owned enterprises 2. Large refining companies and other chemical sectors showing signs of recovery 3. Companies with overseas production bases 4. Sectors benefiting from supply-demand improvements 5. Emerging demand in high-growth potential new materials industry [1] Capital Expenditure Insights - Capital expenditures (CAPEX) and ongoing projects in the large chemical sector are projected to decline from 984.8 billion to 897.1 billion yuan in 2024, a decrease of 8.9% year-on-year, indicating a significant reduction in supply pressure and potential for industry recovery [1] Chemical Industry Profitability - The profitability of oil-based olefins is currently at a low point due to high oil prices, with ethane-based ethylene having a cost advantage of approximately 2000-2500 yuan/ton over oil-based and coal-based ethylene [3] Sector-Specific Opportunities - Certain chemical sub-sectors are showing signs of improvement, such as: - Pesticides: Prices may enter a recovery phase as supply stabilizes and seasonal demand returns - Refrigerants: A pricing cycle may begin following quota implementation - Civil explosives: Expected to benefit from national strategies like the Western Development [4] Globalization and Resource Opportunities - In the context of geopolitical instability, Chinese chemical companies with overseas bases may gain strategic advantages, while limited supply of quality mineral resources and rising extraction costs could push prices higher [5]

Group 1 - The brokerage sector experienced a significant rally, with Guosheng Financial (002670) hitting the daily limit up and KGI International in Hong Kong surging over 80% [1][9] - The three major indices opened mixed, with the Shanghai Composite Index down 0.04%, Shenzhen Component up 0.22%, and ChiNext up 0.44%. By the time of reporting, the Shanghai index turned positive, and ChiNext's gains expanded to over 1% [1] - The Hong Kong Hang Seng Index opened up 0.62%, and the Hang Seng Tech Index rose by 0.9%. By the time of reporting, the Hang Seng Index's gains increased to 0.9%, and the Hang Seng Tech Index rose over 1.2% [3][4] Group 2 - The securities sector saw initial gains, with Xiangcai Securities (600095) rising over 7%, and other firms like Xinda Securities (601059) and Bank of China Securities (601696) also following suit [5] - The People's Bank of China and six other departments issued guidelines to support consumption, emphasizing the need for a coordinated capital market to promote long-term funds entering the market [7] Group 3 - KGI International received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services, allowing clients to trade cryptocurrencies directly on its platform [10] - The autonomous driving sector was active, with companies like Ruima Precision (002976) and Yong'an Xing (603776) hitting the daily limit up, driven by recent developments in L4 autonomous driving technology [11]

Core Insights - CCUS (Carbon Capture, Utilization, and Storage) is increasingly recognized as a vital technology for reducing carbon emissions and combating climate change, with significant investments and projects emerging globally [1][2][3] - China aims to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, with CCUS playing a crucial role in this strategy, especially given the country's reliance on coal [2][5] - The global CCUS industry is expected to see substantial growth, with operational projects capturing over 50 million tons of CO2 annually by 2025, and potential capacity reaching approximately 430 million tons by 2030 [4][5] CCUS Technology and Implementation - CCUS technology captures CO2 from industrial sources and can significantly reduce emissions during fossil fuel utilization, making it essential for achieving climate goals [1][2] - The first offshore CCUS project in China, operated by CNOOC, captures CO2 from oil extraction to enhance oil recovery while sequestering carbon [3] - The largest coal-fired power plant CCUS project in Asia has successfully captured 500,000 tons of CO2 annually, demonstrating the potential for large-scale implementation [5][6] Industry Development and Challenges - The CCUS industry in China is evolving towards large-scale and integrated development, with over 120 projects planned or under construction across various sectors [6][7] - Key challenges include high capture costs and the need for a cohesive industrial chain, as current projects often operate in silos, limiting collaboration and efficiency [7][8] - Internationally, different business models for CCUS are being explored, but China primarily relies on single-entity operations, which can hinder cost reduction and scalability [7][8] Future Outlook and Recommendations - Experts suggest enhancing top-level design for CCUS development, focusing on core technologies and large-scale CO2 storage solutions [8] - There is a call for optimizing resource allocation and talent development to improve innovation and efficiency within the CCUS sector [8]

·沪指再度站上3400点，两市成交额超1.4万亿市场全天震荡走高，创业板指领涨，沪指再度站上3400 点。截至收盘，沪指涨1.15%，深成指涨1.68%，创业板指涨2.3%。沪深两市成交额约14146.14亿元，较 前一个交易日放量约2919.85亿元。盘面上，市场热点较为杂乱，个股涨多跌少，从板块来看，固态电 池概念股再度爆发，诺德股份等10余股涨停。此外，机器人概念股展开反弹，无人驾驶概念股表现活 跃。下跌方面，油气股集体大跌，准油股份等跌停。详情>> 燕翔：港币触及弱方保证怎么看 截至6月23日，美元兑港股汇率报价7.85，相比5月初的7.75高点贬值1.3%。一般来讲，香港金融管理局 会通过买卖港元使得美元兑港币汇率维持在7.75-7.85区间，当港币走强触及7.75上限，即达到强方兑换 保证水平，香港金融管理局往往会投放港币，释放流动性；反之当港币走弱触及7.85下限，即触及弱方 兑换保证，香港金融管理局会买入港币，收紧流动性。5月份以来短短一个多月时间港币汇率由强方保 证快速触及至弱方保证，引发市场关注。具体原因来看，本轮港币汇率波动发生在美元指数走弱期间， 并非因美元升值而发生的被动贬值。相反， ...

Market Overview - On June 24, A-shares major indices experienced fluctuations throughout the day, with total trading volume in the Shanghai and Shenzhen markets reaching 1.41 trillion yuan, an increase of 292 billion yuan compared to the previous trading day [1] - The solid-state battery concept stocks saw a significant surge, while sectors such as oil and gas, ports, and precious metals faced substantial declines [1] Key Stocks - Notable stocks in the solid-state battery sector included Nord Shares with a six-day consecutive rise, Xingye Shares with five rises in eight days, and Xiangtan Electric with four consecutive rises [2] - Other strong performers included Zhejiang Dongri in the brain-computer interface sector with five rises in six days, and Zhongjing Electronics in the PCB sector with four rises in five days [2] Stock Performance Data - Nord Shares (600110) closed at 6.24 yuan, up 10.05%, with a trading volume of 2.76 billion yuan and a turnover rate of 26.33% [3] - Zhejiang Dongri (600113) closed at 25.04 yuan, up 10.02%, with a trading volume of 666.1 million yuan and a turnover rate of 6.60% [3] - Zhongjing Electronics (002579) closed at 12.65 yuan, up 10.00%, with a trading volume of 2.976 billion yuan and a turnover rate of 41.52% [3] - Xingye Shares (826609) and Xiangtan Electric (002125) both saw significant gains of 49.99% [3] Trading Dynamics - A total of 72 stocks hit the daily limit up, with 14 stocks experiencing consecutive rises, and 18 stocks failed to maintain their limit up status, resulting in a sealing rate of 80% [4] - The top three net buying stocks on the Dragon and Tiger list were Guoxuan High-Tech, Guangxun Technology, and Ice River Network, with net purchases of 318 million yuan, 300 million yuan, and 201 million yuan respectively [5] Institutional Trading - Guangxun Technology saw a net institutional purchase of 76.19 million yuan, while Guoxuan High-Tech had a net institutional purchase of 63.78 million yuan [8] - The top three net selling stocks by institutions included Neimenggu Yiji, Taishan Petroleum, and Zhongjing Electronics, with net sales of 76.74 million yuan, 61.23 million yuan, and 57.39 million yuan respectively [9] Sector Insights - Guoxuan High-Tech is advancing in solid-state battery production, with its "Jinshi Battery" achieving a cell energy density of 350 Wh/kg and a capacity increase of 150% [10] - Guangxun Technology specializes in high-speed optical modules for cloud computing data centers and is expected to benefit from the growth of domestic internet markets [11] - Ice River Network, focused on online gaming, reported a revenue of 654 million yuan in Q1 2025, marking a year-on-year growth of 16.65% [12]

Market Overview - The market showed a strong upward trend today, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing up by 1.15%, 1.68%, and 2.3% respectively, with over 4,700 stocks rising and only about 500 declining [4] Middle East Conflict - The recent escalation in the Middle East conflict saw a sudden turn towards de-escalation, with reports of a ceasefire agreement between Israel and Iran announced by U.S. President Trump [5][7] - Following the ceasefire announcement, oil and shipping sectors experienced significant declines, with multiple companies in these sectors hitting their daily limit down [7][9] - Despite the ceasefire, tensions remain high, as reports of missile launches from Iran towards Israel continued to emerge [9] Autonomous Driving Sector - The autonomous driving sector experienced a collective surge, with several companies such as 永安行, 锦江在线, and 浙江世宝 hitting their daily limit up [12] - The sector closed up by 3.28%, driven by the launch of Tesla's Robotaxi service in Texas, which was reported to have a fare of $4.2 per ride [12][13] Financial Sector - The financial sector opened strong, with significant gains in stocks like 国盛金控 and 湘财股份, leading to a rise of 3.1% in brokerage and 3.2% in fintech stocks [16] - The People's Bank of China announced plans to develop a new stage of financial technology, which may have contributed to the sector's rally [16] Gaming Sector - The gaming sector also saw a notable increase, with stocks like 电魂网络 and 冰川网络 reaching their daily limit up, resulting in a 3% overall gain for the sector [18][20] - The success of the game 《情感反诈模拟器》 on Steam, which topped sales charts, served as a catalyst for the sector's performance [20]