準油股份(002207.SZ):一般情況下油價下跌對油服企業業績造成影響的傳導速度要快於油價上漲的傳導速度
格隆匯2月27日丨準油股份(002207.SZ)發佈股票交易異常波動公吿,近期,受俄烏戰爭等因素影響,國際油價有明顯增長、一度突破100美元/桶。但正如公司前期在定期報吿和臨時報吿中所披露的:公司所處油服行業屬於油氣產業鏈上游,油價的變動對油服公司業績的影響有一個傳導過程,油氣公司資本開支是關鍵影響因素,總體遵循“油價變化—油氣公司業績變化—油氣公司資本支出變化—油服公司訂單變化—油服公司業績變化”的傳導路徑。一般情況下,油價下跌對油服企業業績造成影響的傳導速度要快於油價上漲的傳導速度,油價上漲情況下,油氣公司資本開支增加一般滯後1-2年。
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