Core Viewpoint - The report highlights the growth in China's crude oil processing capacity, indicating a positive trend in the industry with a projected increase in processing volume and production over the coming years [1]. Industry Overview - According to the National Bureau of Statistics, China's crude oil processing volume reached 62.46 million tons in December 2025, representing a year-on-year increase of 5% [1]. - The cumulative crude oil processing volume for the entire year of 2025 was 737.588 million tons, showing a cumulative growth of 4.1% [1]. Company Insights - Listed companies in the sector include Hengyi Petrochemical (000703), Rongsheng Petrochemical (002493), Sinopec (600028), PetroChina (601857), Shanghai Petrochemical (600688), Huajin Co. (000059), Taishan Petroleum (000554), Yueyang Xingchang (000819), ST Shihua (000637), and Shenyang Chemical (000698) [1]. Research Report - The report titled "2026-2032 China Oil Industry Development Strategy Analysis and Investment Prospects Research Report" by Zhiyan Consulting provides insights into the future strategies and investment opportunities within the oil industry [1].

Company Performance - The company, Yueyang Xinchang (000819), expects a net loss attributable to shareholders of 50 million to 65 million yuan for the year 2025, compared to a profit of 63.13 million yuan in the same period last year [4] - The expected loss for the non-recurring net profit is between 53 million to 68 million yuan, down from a profit of 54.87 million yuan in the previous year [4] - The basic earnings per share are projected to be between -0.14 yuan and -0.18 yuan [4] Valuation Metrics - As of the latest closing price, the company's price-to-book ratio (P/B) is approximately 2.99 times, and the price-to-sales ratio (P/S) is about 1.79 times [4] - The company's recent price-to-earnings ratio (P/E) trends indicate significant fluctuations, reflecting the company's financial instability [5][6] Industry Context - The chemical industry is currently undergoing a bottom adjustment phase, with multiple pressures on costs affecting profitability [15] - Key raw material prices, such as liquefied petroleum gas, have increased, while product prices have not fully covered the rising costs, leading to a continuous contraction in gross margins [15]

Core Viewpoint - Yueyang Xinchang (000819.SZ) has disclosed its performance forecast for the year 2025, expecting a net loss attributable to shareholders of the listed company between 50 million and 65 million yuan, with a net loss of 53 million to 68 million yuan after deducting non-recurring gains and losses [1] Financial Performance - The company anticipates a net loss of 50 million to 65 million yuan for 2025 [1] - The expected net loss after excluding non-recurring items is projected to be between 53 million and 68 million yuan [1]

Group 1 - The company, Yueyang Xinchang, has disclosed its performance forecast for the year 2025, expecting a net loss attributable to shareholders of between 50 million to 65 million yuan [1] - The net loss after deducting non-recurring gains and losses is anticipated to be between 53 million to 68 million yuan [1]

格隆汇1月23日丨岳阳兴长(000819.SZ)公布，预计2025年净亏损6,500万元～5,000万元，扣非净亏损 6,800万元～5,300万元。1、报告期内，根据上游装置检修及公司计划安排，公司及子公司惠州立拓、新 岭化工主体生产装置自4月中旬起陆续停工检修，5月下旬起陆续开工，导致装置开工时间较上年同期大 幅缩减。2、报告期，化工行业处于底部调整阶段，成本端多重压力持续传导，行业供需结构变化挤压 盈利空间。公司层面关键原料价格民用液化气等价格上涨，而产品端价格难以完全覆盖成本涨幅，毛利 率持续收窄。3、公司正通过优化产品结构、提升运营效率等方式积极应对，后续将密切关注行业周期 拐点及市场需求变化，力争尽快改善经营业绩。 ...

南财智讯1月23日电，岳阳兴长发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润 为-6500万元～-5000万元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为-6800万 元～-5300万元。1、报告期内，根据上游装置检修及公司计划安排，公司及子公司惠州立拓、新岭化工 主体生产装置自4月中旬起陆续停工检修，5月下旬起陆续开工，导致装置开工时间较上年同期大幅缩 减。2、报告期，化工行业处于底部调整阶段，成本端多重压力持续传导，行业供需结构变化挤压盈利 空间。公司层面关键原料价格民用液化气等价格上涨，而产品端价格难以完全覆盖成本涨幅，毛利率持 续收窄。3、公司正通过优化产品结构、提升运营效率等方式积极应对，后续将密切关注行业周期拐点 及市场需求变化，力争尽快改善经营业绩。 ...

岳阳兴长 2025 年度业绩预告 证券代码：000819 证券简称：岳阳兴长 公告编号：2026-002 岳阳兴长石化股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为负值 （1）以区间数进行业绩预告的 单位：万元 项 目 本报告期 上年同期 归属于上市公司股东的净利润 -6,500 ～ -5,000 6,312.56 比上年同期下降 -202.97% ～ -179.21% 扣除非经常性损益后的净利润 -6,800 ～ -5,300 5,487.3 比上年同期下降 -223.92% ～ -196.59% 基本每股收益（元/股） -0.18 ～ -0.14 0.17 二、与会计师事务所沟通情况 本次业绩预告未经会计师事务所预审计。就本次业绩预告，公司与为公司提供年度审 计服务的会计师事务所进行了预沟通，截止目前，双方不存在重大分歧。 三、业绩变动原因说明 1、报告期内，根据上游装置检修及公司 ...

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing at 4122.58 points, above the annual line, reflecting a slight increase of 0.14% [1] Group 1: Market Performance - The total trading volume of A-shares reached 27,165.07 billion yuan [1] - 120 A-shares have surpassed the annual line, indicating a bullish trend in the market [1] Group 2: Notable Stocks - Stocks with significant deviation rates include: - Teruisi (特瑞斯) with a deviation rate of 22.45% and a daily increase of 29.98% [1] - Qingyun Technology (青云科技) with a deviation rate of 17.76% and a daily increase of 20.00% [1] - Zhongbei Communication (中贝通信) with a deviation rate of 9.06% and a daily increase of 10.00% [1] - Other stocks with smaller deviation rates that have just crossed the annual line include: - Meiansen (梅安森) and Founder Securities (方正证券) [1]

Core Viewpoint - The company acknowledges investor concerns regarding its stock price and emphasizes its commitment to market value management and enhancing company quality and profitability [1] Group 1 - The company is focused on improving its quality and profitability to enhance investor returns [1] - The company is committed to conducting various investor relations activities to ensure that its market value reflects its true value [1] - The company is actively working to continuously improve its market capitalization [1]

Group 1 - The company acknowledges investors' concerns regarding its stock price and emphasizes the importance of market value management [2] - The company is committed to enhancing its quality and profitability while strengthening investor returns [2] - The company will continue to engage in various forms of investor relations activities to ensure that its market value reflects its true worth and is continuously improved [2]