值得一提的是，昨日华为概念股集体走高，华为鲲鹏指数、华为鸿蒙指数盘中均上涨超2%。华为鲲鹏 指数中的君逸数码（301172）实现20%涨停，航天宏图大涨超10%；华为鸿蒙指数中的拓维信息 （002261）涨停，润和软件（300339）、常山北明（000158）等多股跟涨。 消息面上，8月25日，鸿蒙智行秋季新品发布会上，上汽与华为合作打造的"尚界"品牌首款车型H5正式 开启预售。此外，华为将于8月27日发布全新AI SSD（固态硬盘）产品，或将对中国AI存储器市场的现 有格局产生重要影响。 商报讯（记者 苗露）在8月25日放量大涨过后，A股昨日整体保持震荡走势。AI芯片、创新药、稀土永 磁等前期热门板块有所调整，低位滞涨方向获资金流入；游戏、化工、农林牧渔、消费电子等板块表现 较为活跃。在此背景下，两市股指在低开后展开温和震荡调整走势，深证成指表现相对强势。 截至收盘，上证指数跌0.39%，报3868.38点，盘中一度上涨至3888.6点，刷新2015年以来新高；深证成 指涨0.26%，创业板指跌0.75%。 盘面上，养鸡、猪肉、游戏板块涨幅居前，医疗服务、CRO概念、金属新材料跌幅居前。具体板块方 面，猪肉 ...

Group 1 - The article discusses the investment strategies of Vasily Zyryanov, focusing on identifying underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] - Zyryanov emphasizes the importance of analyzing Free Cash Flow and Return on Capital in addition to profit and sales analysis to gain deeper insights into investment opportunities [1] - The research covers a wide range of industries, particularly the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] Group 2 - The article highlights that while Zyryanov favors underappreciated and misunderstood equities, he also recognizes that some growth stocks may warrant their premium valuations [1] - The primary goal for investors is to investigate whether the market's current opinions on valuations are accurate [1]

文/黄海峰的通信生活 8月20日，宜昌长江之畔的华为中国行2025・湖北新质生产力创新峰会，像是一场数智化转型的成果展。当政府、医疗、制造、教育等行业的实践案例与 技术突破集中呈现，当华为与合作伙伴的联合方案逐一亮相，一个关于新质生产力的湖北样本逐渐清晰。 算力与技术：新质生产力的硬支撑 数智化转型成为各行业突破增长瓶颈的必答题，但落地过程中面临三重困境。一是算力成本高企，绿色低碳的算力供给成为稀缺资源，多数企业陷入想用 AI却用不起的尴尬；二是技术与场景脱节，通用型解决方案难以适配行业细分需求，不少数智化项目沦为炫技式工程；三是生态协同不足，技术提供 商、行业企业各自为战，难以形成转型合力。本次峰会正在用可复制的实践回答"数智化转型如何真正落地"的行业命题。 华为公司副总裁、中国政企数字政府系统部部长吴刚点出了湖北发展数智化的独特优势："人工智能发展依赖算力支撑，算力运行离不开电力，宜昌拥有 三峡绿色水电及区域安全的独特优势，以电强算，打造中部算力新高地，符合国家两重战略发展导向。"短短几句话道破数字时代的核心竞争力，将本地 资源禀赋与技术突破结合才能构建独特的发展优势。 从技术层面看，华为的算力突破为这种 ...

Sasol, the world’s largest producer of fuels and chemicals from coal, boosted carbon credit purchases as it targets higher ouptut using the dirtiest fossil fuel https://t.co/1iP886168X ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for FY 2025 decreased by 14% to R52 billion, reflecting a challenging macroeconomic environment [16][32] - Free cash flow improved by more than 70% compared to the prior year, reaching almost ZAR 12.6 billion, driven by disciplined capital spending and lower tax payments [35][36] - Net debt was reduced to $3.7 billion, achieving the target of staying under $4 billion, marking the lowest level since 2016 [12][33] Business Line Data and Key Metrics Changes - In the South African business, adjusted EBITDA increased by 15% in mining and 35% in gas, while fuels declined by 38% due to lower refining margins and production volumes [38] - International chemicals saw adjusted EBITDA increase to $411 million, with an improved margin from 6% to 9% [23][39] - The Southern Africa value chain's breakeven price ended at $59 per barrel, supported by disciplined cost management [12][34] Market Data and Key Metrics Changes - The macroeconomic environment was highly volatile, influenced by global tariffs and geopolitical tensions, impacting various business segments differently [34] - The chemical segments benefited from stronger U.S. ethylene margins and a 5% uplift in the overall chemicals basket price [34] Company Strategy and Development Direction - The company is focused on strengthening its foundation, growing, and transforming the business, with a particular emphasis on emission reduction and renewable energy [10][46] - Strategic initiatives include optimizing asset utilization, improving profitability through market focus, and cost efficiency [23][24] - The company aims to achieve a 30% reduction in greenhouse gas emissions by 2030, with significant progress in renewable energy projects [48][51] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in the operating environment but expressed confidence in the execution of strategic plans [10][30] - The company is committed to improving cash generation and accelerating deleveraging while focusing on safety and customer-centric solutions [28][30] Other Important Information - The company invested R600 million in social programs and contributed R44 billion in direct and indirect taxes globally [26][27] - Recent executive leadership changes were announced, with new appointments aimed at addressing both short and long-term goals [21][22] Q&A Session Summary Question: CapEx savings and future guidance - Management explained that CapEx came in below guidance due to a rigorous approach, deferring low-risk activities to the following year, and optimizing capital spending [56][64] Question: Gas volumes and impairment calculations - Management clarified that while gas volumes from Mozambique are expected to increase, the impairment was due to changes in the WACC rate linked to country risk [58][67] Question: Outlook for chemical prices - Management indicated that the chemical basket prices are expected to remain resilient, with ongoing efforts to optimize the commercial strategy [88][96] Question: Debt reduction strategy - The company plans to prioritize deleveraging by using excess cash to reduce gross debt and improve net debt position, targeting a net debt of $3 billion by FY 2027-2028 [91][96]

RESULTS PRESENTATION Copyright ©, 2025, Sasol AGENDA Strengthen our foundation Business overview Simon Baloyi Financial performance Walt Bruns Grow and Transform Strategic update Simon Baloyi Q&A 30 June 2025 Copyright ©, 2025, Sasol 2 Disclaimer - Forward-looking statements Sasol may, in this document, make certain statements that are not historical facts based on management's current views and assumptions, and which are conditioned upon and also involve known and unknown risks and uncertainties that could ...

A c t i o n | Asia Chemicals Industry Restructuring Taking Shape – Korea vs. China CITI'S TAKE 20 Aug 2025 17:04:41 ET │ 22 pages Reuters reported (20 Aug, link) that 10 Korean chem companies agreed to reduce naphtha cracking (NCC) capacity by ~2.7-3.7mt, representing ~21- 29% of 12.8mt total. The government expects companies to submit a plan to implement the cuts by end-2025. While the exact closures have yet to be determined, we expect this could raise industry utilisation to ~95-100% (current: ~75%; Figu ...

22 August 2025 | 6:49PM BST GS Equity Radar Unpacking AI, capex and key research from the week New podcast: Unpacking AI from a Generalist Perspective. One area where the increase in capex is not a debate is AI (more on capex below), and we have had a series of content out on the back of the AI and Semis Symposium Alex Duval hosted a few weeks ago. We put out a new podcast this week with Alex which runs through his findings filtered for a generalist PM – we cover the different terms and what they mean (Agen ...

Group 1 - Huntsman (HUN) shares have significantly underperformed over the past year, losing approximately 50% of their value [1] - The chemicals sector is experiencing broad pressure due to weak economic activity, particularly in the construction industry, and ongoing oversupply issues [1]

In my previous article on Sociedad Química y Minera de Chile (NYSE: SQM ), published when the stock was trading at around $32.78, I maintained a buy stance supported by the company’s financial resilience andI am an individual investor with over five years of experience in personal investing, holding a PhD in Economics from UCEMA. My investment approach focuses on value companies with solid long-term potential. I share my knowledge with the community by offering analysis to support individual investors. My a ...