EE305 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: China Petroleum & Chemical Corporation Date Submitted: 20 November 2025 Section I must be completed by a listed issuer where has been a charge in its issued shares or teasury shares which is discloseable pursuant to rule 13.25A of the Rules Gov .i.sting of Securities on The Stock Exchange of H ...

格隆汇11月20日丨中国石油化工股份(00386.HK)发布公告，2025年11月20日耗资3658.4万港元回购800 万股，回购价格每股4.55-4.6港元。 ...

智通财经APP讯，中国石油化工股份(00386)发布公告，于2025年11月20日斥资3658.4万港元回购800万 股H股;斥资1062.56万元回购174.94万股A股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國石油化工股份有限公司 呈交日期： 2025年11月20日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | H 股份類別 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00386 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫 ...

开源证券认为，在"反内卷"浪潮席卷而来的当下，建议关注以下方向：一是产品丰富、体量大的龙头公 司，二是在反内卷走在前列且周期拐点率先到来的子行业，三是潜在去产能空间较大的行业，四是自主 可控以及未来成长空间较大的新材料。 11月20日，石化ETF（159731）高开低走，现跌幅约为0.6%，持仓股藏格矿业、盐湖股份、三棵树等涨 幅居前。从资金净流入方面来看，石化ETF近10日有8个交易日获得资金净流入，合计"吸金"1691万 元。石化ETF最新份额达2.11亿份，最新规模1.80亿元，均创成立以来新高。 近日，中国石化石油化工科学研究院重油高效催化裂解（RTC）技术在中国石化镇海炼化完成考核标 定，实现炼油加工流程"柴油零产出"重大突破，标志着我国在重油高效转化和炼化一体化技术领域取得 领先地位，为化解石化行业成品油过剩危机、推动炼化企业"减油增化"转型提供了短流程、高效率的示 范解决方案。 石化ETF（159731）紧密跟踪中证石化产业指数，从申万一级行业分布来看，基础化工行业占比为 60.85%，石油石化行业占比为32.16%，顶层设计引导行业高质量发展， "绿色化、高端化、智能化"是 未来发展的明确方向 ...

文丨李国雄 "深地经济"这一概念在2025年10月的资本市场掀起一阵不小的波澜，油气、矿产、工程机械、基建等多个板块走强，标志着我国向地球深部要资源、要空间 的战略布局，已从顶层设计迅速走向产业焦点。 在今年10月14日举行的第56届世界标准日主题宣传活动上，自然资源部展望"十五五"标准化工作方向时指出，"十五五"期间，要加快抢占深海、深地、极地 探测等新兴和未来产业的标准化制高点。 这个潜力巨大的新增长极，根植于国家对于资源安全、技术自主与城市可持续发展的深度考量。 一方面，我国深层、超深层油气资源达671亿吨油当量，占全国油气资源总量约34%。自大力提升油气勘探开发力度七年行动计划实施以来，深层、超深层 累计新增油气探明储量36亿吨油当量，占新增总量的26%。相较而言，深地资源为替代能源提供巨大空间，但目前整体开发率不足8%。 另一方面，我国是世界第二大炼油国和石油消费国，第三大天然气消费国，原油对外依存度近70%，天然气对外依存度超过40%。 在这一国家战略布局中，具备资源禀赋优势的地区正迎来新的发展机遇。以四川盆地为例，其深层油气勘探已成为全国重点突破区域，而位于该区域北缘的 巴中市，正是实践"深地经 ...

Core Viewpoint - The polymer recycling industry is crucial for alleviating global resource scarcity and environmental pressure, with many countries implementing mandatory regulations for the use of recycled polymers. The establishment of the China Resource Recycling Group signifies a new strategic position for China's polymer recycling industry [3]. Group 1: Conference Overview - The Third Polymer Recycling Conference will be held from December 11-13, 2025, in Ningbo, Zhejiang, focusing on policy trends, chemical and physical recycling technologies, and high-value utilization of recycled materials across various sectors [3][53]. - The conference aims to gather international leading companies, experts, government representatives, and capital to explore the path of polymer recycling [3]. Group 2: Key Speakers and Topics - Zhang Li Qun, an academician of the Chinese Academy of Engineering and president of Xi'an Jiaotong University, will lead discussions on advanced polymer materials [4]. - Li Ming Feng, president of Sinopec Research Institute of Petroleum Processing, will present on the chemical recycling of waste plastics [7][8]. - Experts from various organizations will share insights on innovative recycling technologies, including microwave-driven degradation and enzyme-based recycling methods [10][19][20]. Group 3: Highlights of the Conference - The conference will provide insights into global plastic recycling policies and China's 14th Five-Year Plan for plastic recycling [53]. - Advanced recycling technologies will be discussed, including thermal cracking and catalytic processes for mixed low-value waste plastics [53][56]. - The event will address the challenges of balancing performance, compliance, and sustainability in recycled plastics across industries such as textiles, appliances, and automotive [53]. Group 4: Youth Forum - The Youth Forum will focus on identifying promising teams and technologies in the polymer recycling field, featuring over 20 presentations on innovative recycling techniques and carbon footprint assessment [60].

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今年以来该股累计进行47次回购，合计回购2.85亿股，累计回购金额13.33亿港元。（数据宝） 证券时报·数据宝统计，中国石油化工股份在港交所公告显示，11月19日以每股4.440港元至4.640港元的 价格回购609.20万股，回购金额达2775.64万港元。该股当日收盘价4.570港元，上涨2.93%，全天成交额 16.71亿港元。 自10月30日以来公司已连续15日进行回购，合计回购6398.00万股，累计回购金额2.78亿港元。 其间该 股累计上涨8.29%。 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.11.19 | 609.20 | 4.640 | 4.440 | 2775.64 | | 2025.11.18 | 553.20 | 4.480 | 4.420 | 2453.55 | | 2025.11.17 | 378.80 | 4.440 | 4.390 | 1673.84 | | 2025.11.14 | 674.00 | 4.450 | 4.400 | ...

Core Insights - Sinopec is actively investing in the hydrogen energy sector, particularly through its partnership with Suzhou Korun New Materials Co., Ltd. (Korun New Materials), focusing on the development of perfluorosulfonic acid proton exchange membranes [1][2][3] Group 1: Strategic Partnerships - Sinopec and Korun New Materials have signed a strategic cooperation framework agreement for joint research on perfluorosulfonic acid proton exchange membranes [1] - Sinopec has previously engaged with Korun New Materials, including participation in a hydrogen energy application conference and a supply-demand matching project [2] - Sinopec holds a 6.89% stake in Korun New Materials, making it the largest state-owned shareholder [2] Group 2: Market Potential - The global market for proton exchange membranes is projected to reach 1.56 billion yuan in 2024, with a compound annual growth rate of 50.6% expected until 2030, potentially reaching 18.2 billion yuan [4] - The demand for perfluorosulfonic acid proton exchange membranes is rapidly increasing due to their critical role in hydrogen fuel cells, electrolysis for green hydrogen, and the chlor-alkali industry [4][5] Group 3: Domestic Production and Innovation - Korun New Materials is one of only two companies in China capable of mass-producing perfluorosulfonic acid proton exchange membranes, indicating a significant step towards domestic production [6] - The company has achieved notable advancements in the field, including the development of high-performance ultra-thin composite proton exchange membranes, which have been recognized with a provincial science and technology award [7] - Korun New Materials has established itself as a market leader, being the first in China to achieve mass production of proton exchange membranes for flow batteries, with over 70% of large-scale flow battery projects utilizing its products [8] Group 4: Vision and Goals - Korun New Materials aims to become the world's leading producer of perfluorosulfonic acid proton exchange membranes, aligning with Sinopec's strategic goals in the hydrogen energy sector [9]