证券日报网讯 12月30日，惠通科技在互动平台回答投资者提问时表示，公司主要为尼龙、生物降解材 料、聚酯等高分子材料及双氧水生产领域客户提供设备制造、设计咨询及工程总承包服务。关于商业航 天和卫星导航领域，公司目前的产品尚未直接应用于以上领域。 （文章来源：证券日报） ...

公司深度研究 | 中石化炼化工程 中石化旗下高股息能化工程龙头，海外发力加速开拓 证券研究报告 2025 年 12 月 25 日 中石化炼化工程（02386.HK）首次覆盖报告 【核心结论】中石化炼化工程是国内最大的能化工程企业之一，专业技术实 力领先，控股股东中石化实力雄厚，集团内业务基本盘有保障，海外业务加 速开拓，贡献业绩增量。此外，公司财务表现良好，分红比例持续较高，股 息率超过 5%，有望为投资者提供较为稳定的收益。我们给予公司 2026 年 13 倍 PE，对应目标价为 9.50 港元/股，首次覆盖，给予"买入"评级。 行业层面：1）"两桶油"稳居市场龙头，石化行业营收较为稳健，但利润持 续承压：2025H1 石化行业营收同比略下滑 2.6%，利润总额同比下滑 10.3%； 中国石油、中国石化"两桶油"在石油化工行业市场份额合计 36.8%。2）"减 油增化"趋势明显，石化产品仍有需求空间：2025M1-11，中国乙烯表观消 费量同比+9.94%，进口依赖度 7.14%，国产替代需求仍有增长空间；中国 化学纤维制造业固投同比增速 12.1%，行业景气度较高。3）政策支持煤化 工发展：据煤化工网微信 ...

证券之星消息，12月9日南向资金增持1.65万股中石化炼化工程（02386.HK）。近5个交易日中，获南向 资金减持的有2天，累计净减持84.1万股。近20个交易日中，获南向资金增持的有13天，累计净增持 288.55万股。截至目前，南向资金持有中石化炼化工程（02386.HK）3.85亿股，占公司已发行普通股的 26.96%。 中石化炼化工程（集团）股份有限公司是一家主要从事工程总承包业务的中国公司。该公司经营四个分 部。设计、咨询和技术许可业务分部向炼油和化工等行业提供设计、咨询、研发、可行性研究、合规认 证服务。工程总承包业务分部向炼油和化工等行业提供综合型工程、采购、施工、维护和项目管理服 务。施工业务分部为炼油和化工等行业的基础设施、以及油气储罐和运输管道，提供新建、改建、扩 建、整修及维护服务，亦为建设项目提供大型设备的起重与运输服务。设备制造业务从事设计、研发、 制造和销售在炼油和化工等设施中所需的设备和零部件。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

每经头条（nbdtoutiao）——让"铁疙瘩"从数万米高空精准"踩刹车"，中国商业航天"降本复用"只差"最 后一公里"！朱雀之后，同行排队接力 （记者 曾健辉） 每经AI快讯，奥特维（SH 688516，收盘价：38.87元）12月4日晚间发布公告称，截至本公告披露日， 公司对合并报表范围内子公司提供的担保总额约为19.78亿元，占公司最近一期经审计净资产及总资产 的比例分别为47.92%、14.1%。 2024年1至12月份，奥特维的营业收入构成为：设备制造占比89.98%，改造及其他占比9.84%，其他业 务占比0.18%。 截至发稿，奥特维市值为123亿元。 ...

Core Viewpoint - Southbound funds have increased their holdings in Sinopec Engineering (02386.HK), indicating positive investor sentiment towards the company [1]. Group 1: Southbound Fund Activity - On November 20, southbound funds increased their holdings by 21,500 shares [1]. - Over the past five trading days, there were four days of net increases, totaling 2,307,500 shares [1]. - In the last 20 trading days, there were 13 days of net increases, amounting to 5,245,500 shares [1]. - As of now, southbound funds hold 383 million shares of Sinopec Engineering, representing 26.86% of the company's total issued ordinary shares [1]. Group 2: Company Overview - Sinopec Engineering Co., Ltd. primarily engages in engineering contracting services and operates four divisions: design, consulting and technology licensing; engineering contracting; construction; and equipment manufacturing [2]. - The design, consulting, and technology licensing division provides services such as design, consulting, R&D, feasibility studies, and compliance certification to the refining and chemical industries [2]. - The engineering contracting division offers comprehensive engineering, procurement, construction, maintenance, and project management services to the refining and chemical sectors [2]. - The construction division provides new construction, renovation, expansion, repair, and maintenance services for infrastructure, oil and gas storage tanks, and transportation pipelines [2]. - The equipment manufacturing division is involved in the design, R&D, manufacturing, and sales of equipment and components required for refining and chemical facilities [2].

Core Viewpoint - The company, Zhangzhou Development, is actively engaged in the renewable energy sector, focusing on solar power and related services, while responding to investor inquiries about its involvement in both strong and weak electricity sectors [1] Group 1: Business Focus - The company’s renewable energy initiatives are centered around the Zhangzhou region, emphasizing the development of solar power plants, equipment manufacturing, surveying and design, electrical engineering construction, charging network construction, and sales of new energy vehicles [1] - In the solar power sector, the company adopts a dual approach of centralized and distributed solar power investment, leveraging local resource advantages to accumulate new development momentum [1] Group 2: Project Implementation Capability - The company has established comprehensive project implementation capabilities across the entire lifecycle, including investment, design, construction, and operation and maintenance [1]

Group 1 - The core viewpoint of the news highlights the financial performance and stock trading activities of COFCO Technology, indicating a mixed trading day with a slight increase in stock price and notable financing activities [1][2]. - As of November 14, COFCO Technology's financing balance reached 230 million yuan, accounting for 3.87% of its market capitalization, which is above the 60th percentile level over the past year, indicating a relatively high financing level [1]. - The company reported a revenue of 1.716 billion yuan for the period from January to September 2025, representing a year-on-year growth of 28.85%, while the net profit attributable to shareholders was 118 million yuan, showing a modest increase of 2.29% [2]. Group 2 - COFCO Technology has distributed a total of 333 million yuan in dividends since its A-share listing, with 256 million yuan distributed over the past three years [3]. - The number of shareholders increased by 3.83% to 23,400 as of November 10, while the average number of circulating shares per shareholder decreased by 3.69% to 21,878 shares [2].

Core Viewpoint - Southbound funds increased their holdings in Sinopec Engineering (02386.HK) by 1.3625 million shares on November 4, 2025, indicating a positive sentiment towards the company [1]. Summary by Category Shareholding Changes - In the last five trading days, Southbound funds increased their holdings on three occasions, with a total net increase of 586,000 shares [1]. - Over the past 20 trading days, Southbound funds reduced their holdings on 12 days, resulting in a cumulative net reduction of 2.0735 million shares [1]. - As of now, Southbound funds hold 380 million shares of Sinopec Engineering, accounting for 26.63% of the company's total issued ordinary shares [1]. Company Overview - Sinopec Engineering Co., Ltd. primarily engages in engineering contracting services and operates through four segments: - Design, Consulting, and Technology Licensing, providing services to the refining and chemical industries [2]. - Engineering Contracting, offering comprehensive engineering, procurement, construction, maintenance, and project management services [2]. - Construction, focusing on infrastructure for the refining and chemical industries, including new construction, renovation, expansion, and maintenance services [2]. - Equipment Manufacturing, involved in the design, research and development, manufacturing, and sales of equipment and components needed in refining and chemical facilities [2].

Core Viewpoint - The company Aotwei (SH 688516) announced a total guarantee amount of approximately 1.969 billion yuan for its subsidiaries, representing 47.72% of its latest audited net assets and 14.04% of total assets [1] Financial Summary - As of the announcement date, Aotwei's revenue composition for the year 2024 is as follows: Equipment manufacturing accounts for 89.98%, renovation and other services account for 9.84%, and other businesses account for 0.18% [1] - The current market capitalization of Aotwei is 13.6 billion yuan [1]

Group 1 - The core point of the article is that Aotewei (SH 688516) held its fourth board meeting on October 28, 2025, to review the proposal for the company's Q3 2025 report [1] - Aotewei's revenue composition for the year 2024 is as follows: equipment manufacturing accounts for 89.98%, renovation and other services account for 9.84%, and other businesses account for 0.18% [1] - As of the report, Aotewei's market capitalization is 13.4 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market's transformation into a "slow bull" new pattern [1]