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中海油服营收与中国海油资本支出及国际油价关系
中海油服营收与中国海油资本支出及国际油价关系
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所属报告:
中海油服(601808)-A股公司研究报告:穿越油价周期的油服行业龙头-251027(48页).pdf
打包全文图表
相关数据
中国海鲜餐饮市场规模(单位:亿元)
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市场规模
2026-07-20
原图定位
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图38、中国海外宏洋和内房股板块平均PB(MRQ)(2026.1.1-7.2)
fCDpobnnm64gICAgICAgICAgICAgICAgIHwgMjAyNi83LzLmlbDlgLwgfAp8LS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tfAp8IOWGheaIv+iCoeadv+Wdl+W5s+Wdh1BCKE1SUSkgfCAwLjM5ICAgICAgICB8Cnwg5Lit5Zu95rW35aSW5a6P5rSL6ZuG5ZuiICAgICAgfCAwLjIzICAgICAgICB8CgrotYTmlpnmnaXmupDvvJp3aW5k77yM5YW05Lia6K+B5Yi457uP5rWO5LiO6YeR6J6N56CU56m26Zmi5pW055CG
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行业数据
2026-07-06
原图定位
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中国海关编码3808项下2026年产品出口平均单价仍在下行
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行业数据
2026-07-03
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图表20中国海外宏洋集团24年拿地精准度较高,存
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行业数据
2026-06-09
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2010-2025年中国海洋生产总值
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行业数据
2026-05-25
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中国海外宏洋集团2026-2028E盈利预测
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行业数据
2026-05-13
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全球发往中国海飘库存
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行业数据
2026-05-09
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2026Q1轻工品类中国海关出口金额同比增速较2025Q4边际改善
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行业数据
2026-05-06
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安永中国海外投资业务部(ChinaOverseasInvestmentNetwork,简称“COIN”)将安永
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行业数据
2026-04-30
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中国海绵钛价格低位运行
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行业数据
2026-04-29
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中国海关与摩根士丹利研究:2021–2025年高低压开关设备及变压器出口价值增长趋势
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行业数据
2026-04-22
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中国海外发展21-25年一线城市全口径销售金额(亿元)及占比
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行业数据
2026-04-20
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中国海外发展商业物业资产估值(2025)
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行业数据
2026-04-20
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中国海外发展修正PB水平(剔除商业地产对净资产影响,单位:亿元人民币)
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行业数据
2026-04-20
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中国海洋卫星组网现状及未来计划
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公司营业收入与国际油价相关性较强。受宏观经济和石油天然气价格影响,油气勘探开发及生产行业的周期性较为明显。2006 年-2014 年,国际原油价格保持在高位运转,中国海油资本支出保持增加趋势,带动公司营收持续高增;2015-2016年,国际油价下行,中国海油资本支出快速下降,公司营收出现大幅下滑;2017-2022 年,除 2020 年受疫情影响,油价整体呈震荡上行趋势。2018 年中国海油启动“七年行动计划”,强化国内油气开发,计划到 2025 年中国海油勘探工作量和探明储量翻一翻,国内原油产量达到 5300 万吨、天然气产量达到 265 亿立方米,中海油资本支出快速增加,带动公司营收快速增加;2023 年至今,国际油价震荡下行,但在国内推动油气增储上产,原油产量稳产在 2 亿吨的基调下,中海油资本支出维持高位,叠加公司技术水平不断提升,有力保障了公司营收的增长。
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中海油服(601808)-A股公司研究报告:穿越油价周期的油服行业龙头-251027(48页).pdf
公司盈利预测假设条件(%)
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