Group 1 - The oil and gas ETF Huatai Fuhua (159309) experienced a decline of 2.83%, closing at 1.341 yuan with a trading volume of 26.056 million yuan [1] - Major holdings in the ETF showed mixed performance, with China National Petroleum down 1.42%, China National Offshore Oil Corporation down 1.12%, and Sinopec down 1.69%, while Intercontinental Oil & Gas rose by 4.07% [1] - The ETF's performance benchmark is the CSI Oil and Gas Resource Index return rate, managed by Huatai Fuhua Fund Management Co., Ltd., with a return of 37.83% since its inception on May 31, 2024, and a return of 19.76% over the past month [1]

Core Viewpoint - The company is expanding its production capacity in North America and establishing a new facility in Dubai to enhance its operational capabilities and meet market demand [1] Group 1: North America Operations - The company has developed production capabilities for electric drive/turbine fracturing equipment and gas turbine power generation equipment in North America [1] - The expansion is based on the existing facilities in the U.S., allowing the company to meet the production needs for related products in the region [1] Group 2: International Expansion - The company is actively working on establishing a new production and office base in Dubai, UAE, which will serve as an effective supplement to its production capacity [1] - The company plans to adjust its domestic and international production capacities based on actual order situations to enhance delivery capabilities [1]

Group 1: Company Overview - Yantai Jereh Petroleum Service Group Co., Ltd. is actively engaging with investors through various activities, including site visits and specific investor research [2][3]. - The company has established a global supply chain system, collaborating with major manufacturers like Siemens and Kawasaki Heavy Industries for gas turbine supply [3]. Group 2: Recent Contracts and Financials - In February 2026, the company signed a gas turbine generator set contract worth $181.5 million with a U.S. client, marking the fourth contract since November 2025 [3]. - The contract stipulates a delivery period of 30 months, with payment structured in stages, enhancing the company's credibility in the North American market [3]. Group 3: Future Business Outlook - The company aims to deepen its presence in three key sectors: data centers, industrial energy, and new power systems, focusing on diverse customer bases and technological innovation [5]. - Recent successful ignition of the first gas turbine unit at the 1600MW combined cycle power plant project in Uzbekistan demonstrates the company's capability in providing tailored solutions [5]. Group 4: Natural Gas Business Development - The global natural gas market is evolving, with increased demand for clean energy solutions, positioning natural gas as a strategic bridge in energy transition [6]. - The company has built a comprehensive integrated solution for the natural gas industry, gaining recognition and a strong market reputation [6].

格隆汇2月4日｜东海证券研报指出，杰瑞股份再获发电机组1.8亿美元订单，绑定核心燃气轮机资源。 公司是国内油气装备龙头企业，钻完井业务、天然气业务、燃气轮机发电机组业务在国内外市场均实现 突破，全球化战略逐渐落实。公司多元化业务协同发展，天然气业务斩获全球多笔大额订单，燃气轮机 发电机组业务实现北美数据中心订单突破，给公司业绩增长注入强劲支撑。预计2025-2027年归母净利 润分别为31.64/37.78/44.49亿元，当前股价对应PE分别为30.48/25.53/21.68倍，维持"买入"评级。 ...

Group 1 - The core viewpoint of the article highlights the performance of the Oil ETF (561360), which opened with a gain of 1.42% at 1.431 yuan on February 4 [1] - Major holdings of the Oil ETF include China National Petroleum Corporation, which rose by 2.01%, China National Offshore Oil Corporation by 1.98%, and Sinopec by 0.79% [1] - The Oil ETF's performance benchmark is the CSI Oil and Gas Industry Index return, managed by Guotai Fund Management Co., Ltd., with a return of 41.01% since its establishment on October 23, 2023, and a return of 14.47% over the past month [1] Group 2 - The article lists other notable stocks within the Oil ETF, including Jereh Group (up 0.98%), China Merchants Energy Shipping (up 1.56%), Guanghui Energy (up 1.30%), COSCO Shipping Energy (up 0.82%), Hengli Petrochemical (up 1.82%), Rongsheng Petrochemical (up 0.79%), and Intercontinental Oil and Gas (up 2.24%) [1]

Group 1 - The oil and gas ETF Huatai-PB (561570) opened with a gain of 1.22%, priced at 1.331 yuan [1] - Major holdings in the ETF saw positive movements: CNOOC rose by 1.98%, PetroChina by 2.01%, Sinopec by 0.79%, and others like Jereh, COSCO Shipping, and Guanghui Energy also experienced gains [1] - The ETF's performance benchmark is the CSI Oil and Gas Industry Index, managed by Huatai-PB Fund Management Co., with a return of 31.70% since its inception on October 9, 2024, and a monthly return of 14.01% [1]

格隆汇2月4日丨杰瑞股份(002353.SZ)涨1.79%，报95.890元，股价创历史新高，总市值981.78亿元。 ...

根据意向书，双方将依托各自在能源工程与高端装备领域的能力积累，重点围绕海工装备国产化、陆地 油气工程协同及联合开拓市场等方向，探索潜在合作机会，推动优势能力互补。双方将加强联动，开展 关键设备国产化可行性评估，并通过资源互通与机制化推进保障合作高效实施。 中化新网讯 1月29日，惠生控股（集团）有限公司与烟台杰瑞石油服务集团股份有限公司签署战略合作 意向书。 ...

再获 1.8 亿美元发电机组订单，海外发电 业务加速 杰瑞股份信息点评 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | 本报告导读： 公司获取 1.8 亿美元北美发电机组订单，该项目是杰瑞敏电新开拓的重要客户，是 25 年 11 月以来的第四个亿美元项目订单，海外发电业务加速。 投资要点： | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 13,912 | 13,355 | 16,461 | 20,858 | 25,174 | | (+/-)% | 21.9% | -4.0% | 2 ...

Core Viewpoint - The oil and gas sector is experiencing increased activity, with significant capital inflows into oil and gas ETFs, indicating strong investor interest and potential growth opportunities in the sector [1][5]. Group 1: Market Activity - The oil and gas ETF Huatai (159309) saw a rise of 0.46%, with trading volume exceeding 300 million yuan, reflecting a continuous inflow of capital totaling 554 million yuan over the past 15 days [1]. - The ETF recorded a net inflow of 23 million yuan today, showcasing ongoing investor confidence in the sector [1]. Group 2: Stock Performance - Key stocks in the oil and gas sector showed mixed performance, with Jereh Holdings rising nearly 4%, while major players like China Petroleum and China National Offshore Oil Corporation (CNOOC) experienced declines of over 2% [5]. - The trading volume for significant stocks included Jereh Holdings at 1.44 billion yuan and China Petroleum at 1.08 billion yuan, indicating substantial market activity [2]. Group 3: Company Contracts and Growth - Jereh Holdings signed a gas turbine generator sales contract worth 181.5 million USD (approximately 1.265 billion yuan) with a U.S. client, marking a total of 487.5 million USD (approximately 3.4 billion yuan) in contracts secured in North America over a few months [3]. - The company has consistently secured contracts in the North American market since November 2025, indicating a strong growth trajectory [3]. Group 4: Oil Price Outlook - Analysts predict that oil prices will fluctuate between 60-80 USD per barrel in 2026 due to geopolitical tensions and supply-demand dynamics, which could benefit the petrochemical sector [4]. - The International Energy Agency (IEA) forecasts a global oil demand increase of 930,000 barrels per day in 2026, higher than the previous year's estimate, supporting a positive outlook for oil prices [4]. Group 5: Investment Strategy - The oil and gas sector is viewed as having long-term investment value due to its resilience against external uncertainties, with a focus on companies that maintain high capital expenditures and expand into natural gas markets [6]. - The Huatai oil and gas ETF is designed to concentrate on upstream and downstream sectors of the oil and gas industry, ensuring a focus on companies with quality reserves and stable dividend capabilities [6].