Group 1 - The core report "Brand Finance 2025 China Brand Value Top 500" was officially released on May 9, 2025, with Phoenix News as the exclusive media partner [1] - Sinopec's brand value reached $29.78 billion in 2025, representing a year-on-year growth of 4.6%, maintaining its national ranking at 15th place with a brand strength rating of AA+ [1] - The growth in Sinopec's brand value is attributed to its robust operations in refining and sales, as well as continuous investments in green and low-carbon development, which have solidified its brand position in the oil and gas industry [1] Group 2 - Sinopec has successfully established and put into operation a smart oil and gas field production command center, achieving digital control of the entire exploration and development process, which has reduced labor costs and improved production efficiency [1]

Investment Rating - The report maintains a "Buy" rating for the high-performance organic pigment industry, indicating a positive outlook for leading companies in the sector [5]. Core Views - The high-performance organic pigment industry is experiencing favorable structural changes, with ongoing consolidation benefiting domestic alternatives. Major international players are divesting their pigment businesses due to tightening profit margins and stricter environmental regulations. This trend is expected to enhance the competitive position of leading domestic firms [1]. - The rapid development of organic pigments has led to saturation in classic organic pigment production capacity, resulting in declining product prices and profit margins. High-performance organic pigments are emerging as a new trend in the industry, characterized by high technical barriers and limited competition from a few global chemical giants [1]. - Companies like Qicai Chemical and Baihehua are expanding their production capacities in high-performance organic pigments, indicating a strong growth trajectory in this segment [2][3]. Summary by Sections High-Performance Organic Pigments - Sudarshan's acquisition of the German Heubach pigment business signifies ongoing industry consolidation, which is favorable for domestic high-performance organic pigment production [1]. - The report highlights that leading companies are likely to benefit from the high technical barriers associated with high-performance organic pigments, as classic organic pigment capacity becomes oversaturated [1]. Company Performance - Qicai Chemical reported a significant increase in revenue and net profit, with a year-on-year revenue growth of 28.75% to 1.568 billion yuan and a net profit increase of 1035.48% to 125 million yuan [2]. - Baihehua achieved a revenue of 2.403 billion yuan, a 5.23% increase year-on-year, and a net profit of 176 million yuan, up 46.45% year-on-year. The company is also investing in new production capacity for high-performance organic pigments in Hangzhou [3]. Market Trends - The report emphasizes the trend of domestic companies benefiting from the shift towards high-performance organic pigments, as international leaders divest their pigment operations [1]. - The ongoing expansion of production capacities by domestic firms like Qicai Chemical and Baihehua reflects the growing demand for high-performance organic pigments in various applications [2][3].

中石化石油物探技术研究院有限公司，成立于2022年，位于南京市，是一家以从事开采专业及辅助性活 动为主的企业。企业注册资本133611.989369万人民币。通过天眼查大数据分析，中石化石油物探技术 研究院有限公司共对外投资了1家企业，参与招投标项目180次，专利信息530条，此外企业还拥有行政 许可13个。 来源：金融界 金融界2025年5月8日消息，国家知识产权局信息显示，中国石油化工股份有限公司、中石化石油物探技 术研究院有限公司申请一项名为"一种基于应力应变关系的破裂压力预测方法和装置"的专利，公开号 CN119937022A，申请日期为 2023 年 11 月。 专利摘要显示，本发明属于地质力学与测井工程技术领域，具体公开一种基于应力应变关系的破裂压力 预测方法和装置，所述方法包括：基于测井、钻井资料构建测井破裂压力预测模型；对叠前地震资料进 行反演得到反演结果；基于所述测井破裂压力预测模型和反演结果构建三维测井破裂压力预测模型；基 于所述三维测井破裂压力预测模型指导钻井工程和/或压裂施工。本发明提出的基于应力应变关系的破 裂压力预测方法，基于测井破裂压力预测模型和反演结果构建三维测井破裂压力预测模 ...

Group 1 - The core viewpoint of the articles highlights the performance of the China Securities Hong Kong 300 Energy Index, which has seen a decline of 7.31% in the past month, 8.77% in the past three months, and 10.93% year-to-date [1] - The top ten holdings of the China Securities Hong Kong 300 Energy Index include China National Offshore Oil (41.44%), PetroChina (17.49%), China Shenhua Energy (13.95%), Sinopec (13.62%), and others, indicating a concentration in a few major companies [1] - The index is designed to reflect the overall performance of different industries in the Hong Kong market, with a base date of December 31, 2004, set at 1000.0 points [1] Group 2 - The market segments represented in the China Securities Hong Kong 300 Energy Index are entirely from the Hong Kong Stock Exchange, with fuel refining accounting for 42.01%, integrated oil and gas companies for 31.12%, and coal for 24.17% [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, ensuring that the weight factors are updated accordingly [2] - Adjustments to the index samples occur in response to special events affecting the companies, such as mergers or delistings, ensuring the index remains reflective of the current market landscape [2]

Core Viewpoint - The global refining industry is undergoing a profound transformation towards digitalization, with companies achieving over 15% improvement in production efficiency and a 10% reduction in forecasting errors through smart factory initiatives [1] Group 1: Technology Application - Since initiating its AI special plan in 2017, Sinopec has progressively implemented digital technologies in the refining sector, achieving a 50% increase in weighing efficiency and a 70% reduction in workforce through smart inspection systems [2] - The 5G smart warehousing has enhanced storage capacity by 40% to 60%, and these technologies have been expanded to over 20 refining enterprises after successful pilot testing [2] - Sinopec is collaborating with Royal Dutch Shell to exchange technical experiences in building digital twin systems for real-time production optimization, with plans to pilot this technology in three refining enterprises by 2025 [2] - The company has launched the "Jingzhe" data governance toolkit to address challenges in data isolation, inconsistent standards, and quality control within the petrochemical industry [2] Group 2: Management Transformation - Digital transformation is driving innovation in management models, with Sinopec establishing a unified AI platform that connects 22 refining enterprises and has developed over 150 intelligent applications, saving approximately 200 million yuan annually in information technology costs [3] - Sinopec is exploring a "build-manage-integrate" digital twin model for new projects, collecting over 500,000 equipment data points during the construction phase to support future intelligent operations [3] - The company is also adapting digital technologies to improve the human factor in operations, having localized a virtual training system in collaboration with BASF to train new employees [3] Group 3: Future Outlook - The digital transformation in the global refining industry is still in its early stages, and Chinese refining companies need to enhance international exchanges and absorb advanced experiences to support this transition [4] - Approximately 60% of refining enterprises face shortcomings in data governance, with data silos being common; Sinopec plans to develop a large model for the refining industry by 2025 to address these issues [4] - Successful applications of technologies like digital twins require robust modeling and optimization, and Sinopec is establishing a team of 50 core model experts to maintain and optimize key process models across the group [4] Group 4: Strategic Commitment - Sinopec is committed to continuous exploration and practice in digital transformation, aiming for systematic changes across strategy, organization, and culture to accelerate the new industrialization process and transition from a "petrochemical giant" to a "petrochemical powerhouse" [5]

Core Viewpoint - The meeting held by the China Petroleum and Chemical Industry Federation aims to address the rapid growth of 1,4-butanediol (BDO) production capacity and promote the sustainable development of the biodegradable plastics industry, specifically focusing on the collaboration between BDO and biodegradable plastics [2][3] Group 1: Industry Development - The BDO and PBAT industries have made significant progress in scale and technology over recent years, creating favorable conditions for further development and expansion [3] - The research will focus on three key application scenarios: agricultural film, express packaging, and single-use plastic products, which are seen as critical areas for industry growth [3] Group 2: Research Objectives - The research aims to address plastic environmental pollution, alleviate the rapid growth of production capacity, promote downstream applications of BDO, and enhance green consumption [2] - The study will also work towards improving policies and regulations for biodegradable plastics, aiming to establish a world-class biodegradable materials industry system [2] Group 3: Collaborative Efforts - A committee has been established for the research, led by Zhao Junhui, with members from various organizations including the China Express Association and local governments, ensuring broad representation and collaboration [3] - The initiative is a response to industry demands and is part of the annual key research projects approved by the federation, emphasizing the importance of industry self-regulation and collaboration [2][3]

Group 1 - The core viewpoint of the news is that Sinopec has applied for a patent related to a method for producing low-carbon aromatics using Y-type molecular sieve catalysts and shape-selective molecular sieve catalysts [1] - The patent application was filed on October 2023, and the public announcement number is CN119912310A [1] - The method involves a multi-step catalytic process that includes hydrogenation and hydrocracking reactions to achieve high yields of low-carbon aromatics [1] Group 2 - Sinopec, established in 2000, is primarily engaged in the petroleum, coal, and other fuel processing industries, with a registered capital of approximately 12.17 billion RMB [2] - Sinopec has invested in 257 companies and participated in 5,000 bidding projects, holding 45 trademark records and 5,000 patent records [2] - The Sinopec Petroleum and Chemical Research Institute, founded in 2022, focuses on research and experimental development, with a registered capital of 300 million RMB [2] - The research institute has invested in 2 companies, participated in 1,000 bidding projects, and holds 1,231 patent records [2]

Group 1 - China Petroleum & Chemical Corporation (Sinopec) has applied for a patent for a method and system for evaluating heterogeneous reservoirs based on velocity perturbation theory, published as CN119916466A, with an application date of October 2023 [1] - The patent aims to provide a method that includes obtaining corrected seismic data, picking time deviations caused by heterogeneity, calculating velocity perturbation values, and evaluating heterogeneous reservoirs based on these calculations [1] - This method is noted to be more practical compared to traditional methods as it does not rely on the anisotropic characteristics of the reservoir [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 257 enterprises and participated in 5,000 bidding projects, holding 45 trademark records and 5,000 patent records [2] - Sinopec Petroleum Exploration Technology Research Institute, established in 2022 in Nanjing, has a registered capital of approximately 133.61 million RMB and has invested in 1 enterprise, participated in 179 bidding projects, and holds 530 patent records [2]

来源：金融界 中石化石油工程技术服务有限公司，成立于2012年，位于北京市，是一家以从事研究和试验发展为主的 企业。企业注册资本400000万人民币。通过天眼查大数据分析，中石化石油工程技术服务有限公司共对 外投资了1家企业，参与招投标项目31次，专利信息5000条，此外企业还拥有行政许可4个。 中石化石油工程设计有限公司，成立于2003年，位于东营市，是一家以从事专业技术服务业为主的企 业。企业注册资本31800万人民币。通过天眼查大数据分析，中石化石油工程设计有限公司共对外投资 了3家企业，参与招投标项目4199次，财产线索方面有商标信息1条，专利信息483条，此外企业还拥有 行政许可42个。 金融界2025年5月6日消息，国家知识产权局信息显示，中国石油化工股份有限公司、中石化石油工程技 术服务有限公司、中石化石油工程设计有限公司取得一项名为"油气田地面工程数字化设计系统"的专 利，授权公告号CN114896654B，申请日期为2022年4月。 天眼查资料显示，中国石油化工股份有限公司，成立于2000年，位于北京市，是一家以从事石油、煤炭 及其他燃料加工业为主的企业。企业注册资本12173968.989 ...

Market Overview - The FTSE China A50 index components showed mixed performance with insurance and liquor sectors rising, while banking and semiconductor sectors had varied results, and the power sector weakened [1][4]. Insurance Sector - China Pacific Insurance, Ping An Insurance, and China Life Insurance had market capitalizations of CNY 293.04 billion, CNY 931.09 billion, and CNY 319.74 billion respectively, with trading volumes of CNY 557 million, CNY 1.019 billion, and CNY 389 million [3]. - China Pacific Insurance rose by 2.04%, Ping An by 0.83%, and China Life by 2.41% [3]. Liquor Industry - Kweichow Moutai, Wuliangye, and Shanxi Xinghuacun Fenjiu had market capitalizations of CNY 1,950.62 billion, CNY 249.58 billion, and CNY 502.40 billion respectively, with trading volumes of CNY 1.656 billion, CNY 506 million, and CNY 1.114 billion [3]. - Kweichow Moutai increased by 0.37%, Wuliangye by 0.24%, and Shanxi Xinghuacun by 0.57% [3]. Semiconductor Sector - Northern Huachuang, Cambricon Technologies, and Haiguang Information had market capitalizations of CNY 243.10 billion, CNY 292.64 billion, and CNY 346.81 billion respectively, with trading volumes of CNY 979 million, CNY 2.570 billion, and CNY 1.077 billion [3]. - Northern Huachuang rose by 0.92%, while Cambricon Technologies fell by 0.37% and Haiguang Information increased by 0.41% [3]. Automotive Sector - BYD, Great Wall Motors, and Beijing-Shanghai High-Speed Railway had market capitalizations of CNY 196.10 billion, CNY 284.33 billion, and CNY 1,095.37 billion respectively, with trading volumes of CNY 3.165 billion, CNY 192 million, and CNY 285 million [3]. - BYD increased by 2.08%, Great Wall Motors by 1.46%, while Beijing-Shanghai High-Speed Railway decreased by 0.34% [3]. Power Sector - China Yangtze Power, China Nuclear Power, and China Power had market capitalizations of CNY 713.74 billion, CNY 191.08 billion, and CNY 332.60 billion respectively, with trading volumes of CNY 1.589 billion, CNY 405 million, and CNY 4.380 billion [4]. - China Nuclear Power rose by 2.43%, while China Yangtze Power fell by 1.12% [4]. Other Sectors - Various sectors including food and beverage, electronics, and pharmaceuticals showed diverse performances with notable market capitalizations and trading volumes [4][5].