股票代码：600028 股票简称：中国石化 公告编号：2025-22 中国石油化工股份有限公司2024年年度末期 A 股分红派息实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利人民币0.14元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/17 | － | 2025/6/18 | 2025/6/18 | 差异化分红送转：否 二、 分配方案 一、 通过分配方案的股东会届次和日期 本次利润分配方案经中国石油化工股份有限公司（简称"本公司"或"公司"）于 2025 年 5 月 28 日召开的2024年年度股东会审议通过。 本公司 H 股股东的现金红利派发不适用本公告，其派发安排请参阅公司 2024 年年度报告。 1. 发放年度：2024年年度 2. 分派对象： 3. 分配方案： 自利润分配方案披露后至本公告日的期间，公司注销了 ...

Core Insights - A fraudulent scheme involving the sale of "super value fuel cards" has emerged on live streaming platforms, where sellers claim that consumers can purchase a 1000 yuan fuel card for only 388 yuan, misleadingly presenting themselves as official representatives of major oil companies [1][2] - The scheme has gained significant traction, with sales figures for a single product link reaching between 25 million to 50 million yuan, making it the top-selling item across all categories on the platform [1] - Consumers who have purchased these discount fuel cards have reported being scammed, with many unable to obtain refunds or contact the sellers after the purchase [1] Company Insights - The official customer service of China Petroleum & Chemical Corporation (Sinopec) has confirmed that the activities seen in these live streams are unauthorized and carry a risk of fraud, advising consumers to avoid participation [1][2] - The company emphasized that legitimate promotional activities would not offer such steep discounts, indicating that the current offers are not representative of their official pricing strategies [2]

股票代码：600028 股票简称：中国石化 公告编号：2025-22 A 股每股现金红利人民币0.14元（含税） 差异化分红送转：否 相关日期 一、 通过分配方案的股东会届次和日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/17 | － | 2025/6/18 | 2025/6/18 | 中国石油化工股份有限公司2024年年度末期 A 股分红派息实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 每股分配比例 本公司 H 股股东的现金红利派发不适用本公告，其派发安排请参阅公司 2024 年年度报告。 3. 分配方案： 自利润分配方案披露后至本公告日的期间，公司注销了已回购的 36,318,000 股 H 股股份，总股本由 121,281,555,698 股减少至 121,245,237,698 股，公司将维持 每股分配金额不变，相应调整分配总额。据此，本次利润分配方案以 ...

Core Insights - Central state-owned enterprises (SOEs) are accelerating their entry into the AI sector amid a global AI wave, driven by policy support, industrial upgrades, and technological changes [1] - A dual challenge exists for these enterprises: the need for speed in AI project deployment while ensuring safety and stability in critical sectors like energy and finance [1][3] - The AI investment landscape for central SOEs has evolved from cautious exploration to strategic scaling, with significant increases in funding and project deployment [2][4] Investment Trends - Initial phase (2015-2019): Central SOEs cautiously explored AI applications, with annual investments generally below 100 million RMB [2] - Scaling phase (2020-2023): Investments surged, with leading SOEs exceeding 1 billion RMB annually, and 90% of SOEs establishing their own AI platforms [2][3] - Current phase (2024 onwards): Policies encourage SOEs to increase AI R&D investment to at least 15%, with a notable rise in AI budget allocations across various sectors [3][4] Application Landscape - Central SOEs are becoming key players in the AI market, with 931 AI model procurement projects initiated in 2024, accounting for 61.3% of the total market [3][10] - Major sectors for AI application include telecommunications, energy, finance, and government, with significant contributions from leading SOEs like China Mobile and State Grid [10][11] - The AI application landscape is shifting from isolated projects to comprehensive, multi-scenario deployments across industries [10] Market Dynamics - The digital market for central SOEs is projected to reach approximately 593.1 billion RMB in 2024, with a compound annual growth rate of 10.7% expected until 2027 [4] - The number of AI model procurement projects increased dramatically from 92 projects worth 789 million RMB in 2023 to 1,520 projects worth 6.467 billion RMB in 2024 [11] - The introduction of models like DeepSeek has accelerated AI integration, with 45% of central SOEs deploying this model within a month of its launch [12][14] Challenges and Considerations - Rapid deployment of AI technologies has led to issues such as resource wastage and inadequate assessment of actual needs, resulting in underutilized computing resources [15] - The complexity of integrating general AI models with specific business requirements poses significant challenges for central SOEs [15][16] - Data security and privacy concerns are heightened, particularly in government-related projects, necessitating careful handling of sensitive information [16]

内容概况：我国纯苯供给端虽通过炼化技改与新增装置提升产量，但受制于乙烯裂解原料轻质化导致的 副产率下降、环保约束加码以及中小装置开工波动，实际产量增速滞后于需求扩张速度，供需缺口倒逼 进口依赖度长期维持在14%以上，韩国、文莱等亚洲国家为主要进口来源。2024年我国纯苯产量约2005 万吨，表观需求量约2436万吨，供需差进一步扩大至430万吨级别。 关键词：纯苯产量 纯苯进出口 纯苯产能 纯苯企业 一、纯苯产业发展概述 纯苯指纯净的苯，中文别名有安息油、苯查儿、纯苯、精苯、净苯、困净苯、溶剂苯，是由原油通过催 化重整加工得到的石油苯或由炼焦煤加工生产得到的焦化苯提纯加工所得，是石油化工产业生产的基础 原材料之一，可用作溶剂及合成苯的衍生物、香料、染料、塑料、医药、炸药、橡胶等。在塑料及包装 领域，凭借轻质绝缘与耐冲击性优势，广泛满足电子产品外壳及食品级容器的精密需求；合成橡胶及轮 胎依赖高弹性与耐磨性，显著提升车辆行驶安全性与轮胎耐用度；合成纤维及纺织品通过高强度、耐腐 蚀特性，兼顾工业绳索与日常服装的功能性与舒适性；医药及农药中间体则依托化学稳定性与高效反应 效率，成为抗生素与疫苗生产的核心保障。其多场景 ...

Investment Rating - The report maintains a "Recommended" rating for companies with significant biodiesel or raw material production capacity, including Zhuoyue Xinneng, Jiaao Environmental Protection, Shanggao Huaneng, Haineng Kexin, and Langkun Environment [4][5]. Core Insights - The biodiesel market is expected to see increased demand and raw material supply due to the cancellation of export VAT refunds on raw materials, which will drive growth in the biodiesel sector [4]. - Recent agreements, such as the one between Cathay Pacific and Sinopec for SAF procurement, indicate a positive trend in the adoption of domestic SAF, enhancing the supply chain for biodiesel [3]. - The average prices for domestic waste cooking oil and gutter oil have increased, with waste cooking oil priced at 6640 CNY/ton and gutter oil at 6180 CNY/ton, reflecting a stable export outlook for UCO to Europe, the US, and Southeast Asia [2][4]. Summary by Sections Price Trends - The report notes a week-on-week increase in external HVO/SAF prices, with SAF at 1884.5 USD/ton (up 4.87%) and HVO at 1960.75 CNY/ton (up 3.46%) [1]. - Domestic price differences for biodiesel exports to Europe have reached 2539 CNY/ton, showing a weekly increase of 163 CNY/ton [1]. Export Expectations - The report anticipates a significant rise in China's HVO/SAF export volumes for May, with estimates nearing 40,000 tons, supported by rising external prices [3]. - The report highlights that the domestic HVO/SAF factories are maintaining strong procurement levels, indicating robust market demand [2]. Company Performance Forecast - The earnings per share (EPS) and price-to-earnings (PE) ratios for key companies are projected, with Zhuoyue Xinneng expected to have an EPS of 3.16 CNY in 2025 and a PE of 14 [5].

Group 1 - China Petroleum & Chemical Corporation (Sinopec) has applied for a patent for a modified Hβ molecular sieve catalyst, with the patent application number CN120094631A, filed on December 2023 [1] - The catalyst composition includes 60%-85% Hβ molecular sieve, 0.1%-6% sodium oxide and/or potassium oxide, and 13%-35% aluminum oxide, with a silicon-aluminum molar ratio of 25-180 and a characteristic constant k of 100-550 [1] - The preparation method involves dissolving cinnamic acid salt in benzene, purging with hot nitrogen, and using conventional methods to produce the catalyst [1] Group 2 - China Petroleum & Chemical Corporation was established in 2000, located in Beijing, with a registered capital of approximately 12.17 billion RMB [2] - The company has invested in 250 enterprises, participated in 5000 bidding projects, and holds 5000 patent records [2] - Sinopec (Dalian) Petrochemical Research Institute, established in 2022, has a registered capital of approximately 338.46 million RMB and has invested in 1 enterprise, participated in 773 bidding projects, and holds 4659 patent records [2]

廉洁，是企业稳健发展的坚固基石。2025年，中国石化湖北石油党委纪委聚焦企业廉洁文化建设要求， 充分发挥党的纪律教育的约束、保障与激励作用，创新构建专家"送训"、纪委书记"授课"、支部纪检委 员"说廉"的三级教育体系，通过上下联动、分层施教，将法纪法规教育传递到基层末梢，激活企业廉洁 内生动力。 专家下沉"送训" 锻造纪检铁军 今年以来，湖北石油建立"每月专题学+季度巡回讲"机制，组织纪检专家深入企业开展"订单式"培训， 既解读《中国共产党纪律处分条例》等党内法规，又针对基层常见问题开发"微腐败"识别与防控等实务 课程，紧密结合实际工作中的痛点、难点问题进行详细的答疑解惑，让基层纪检干部如拨云见日，茅塞 顿开，推动监督执纪能力整体提升。 "这些案例触目惊心，时刻警醒着我们要保持清醒头脑，严守纪律红线。"湖北石油广大党员干部在参加 完廉洁党课后感同身受。 "培训既有党纪法规解读，又有典型案例剖析，及时解开了我们工作中的困惑。"纪检人员蔡佳佳对湖北 石油每季一讲的"送训"记忆犹新。 纪委书记"授课" 筑牢思想防线 在湖北石油，各单位纪委书记带头讲廉政党课已成常态。他们结合本单位典型案例制作"警示录"，通过 案情还 ...

Group 1 - The core viewpoint emphasizes the commitment of Chinese petroleum and petrochemical companies to support agricultural production during the "Three Summer" season, ensuring food security [1] - China Petroleum has organized 1,331 truckloads of fuel delivery to rural areas, supplying 29,000 tons of agricultural diesel to stabilize food production [1] - The company has implemented a province-specific resource guarantee plan and established a "minute-level" emergency response mechanism to ensure stable fuel supply in key summer grain-producing provinces [1] Group 2 - China Petroleum continues to offer discounts on diesel and fertilizers, benefiting farmers and agricultural machinery operators [2] - The company has planned to supply over 600,000 tons of diesel to prioritize agricultural machinery fuel needs during the summer harvest [2] - In Henan province, a dedicated service mechanism has been established to ensure timely fuel delivery and support for agricultural production, including a 24-hour fuel dispatch operation [2]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) shows strong short-term upward potential with a current stock price of HKD 4.25, supported by technical improvements and market dynamics [1][10]. Technical Analysis - Current technical support levels are at HKD 4.15 and HKD 4.02, while resistance levels are at HKD 4.29 and HKD 4.44, indicating a bullish market sentiment [1]. - The stock price is above the 10-day, 30-day, and 60-day moving averages, which are at HKD 4.17, HKD 4.03, and HKD 4.10 respectively, forming a standard bullish pattern [1]. - The estimated probability of price increase is 52%, suggesting continued short-term upward potential [1]. - The technical summary rating is "Strong Buy" with a perfect score of 16, reflecting a consensus among technical indicators [4]. Market Activity - The trading volume reached HKD 508 million, indicating strong market participation and sufficient capital support [1]. - The RSI has reached 72, entering the overbought territory, while the Williams and Stochastic indicators also signal overbought conditions [4]. - Despite some short-term adjustment risks, momentum indicators continue to suggest buying opportunities [4]. Derivative Products - Selected derivative products related to Sinopec have shown significant leverage effects, with notable gains in call options [4]. - UBS call options (16466) and JPMorgan call options (16450) offer leverage of 7.7 times, suitable for bullish investors [6]. - UBS bull certificates (53188) provide a leverage of 7.6 times, appealing to conservative investors [6]. Investment Strategy - Investors are encouraged to consider entering positions in Sinopec, given the favorable risk-reward ratio, while setting technical stop-loss levels to manage risks [10].