Core Points - The Shanghai Composite Index decreased by 0.46%, while the CSI Hong Kong-Shanghai-Shenzhen 500 Energy Index reported at 2107.05 points [1] - The CSI Hong Kong-Shanghai-Shenzhen 500 Energy Index has increased by 2.88% over the past month, decreased by 7.24% over the past three months, and has declined by 8.78% year-to-date [1] Index Composition - The top ten holdings of the CSI Hong Kong-Shanghai-Shenzhen 500 Energy Index include: CNOOC (16.54%), China Shenhua (11.31%), PetroChina (11.0%), China Shenhua (8.99%), Sinopec (8.51%), PetroChina (8.3%), Sinopec (7.63%), Shaanxi Coal and Chemical Industry (6.99%), CNOOC (4.89%), and Guanghui Energy (2.56%) [1] - The market share of the index holdings is as follows: Shanghai Stock Exchange 49.67%, Hong Kong Stock Exchange 48.52%, and Shenzhen Stock Exchange 1.81% [1] Industry Breakdown - The industry composition of the CSI Hong Kong-Shanghai-Shenzhen 500 Energy Index is as follows: Coal 35.97%, Integrated Oil and Gas Companies 35.45%, Oil Refining 21.43%, Coke 3.10%, Oil and Gas Distribution and Others 2.56%, Oilfield Services 1.48% [2] - The index sample is adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

2024年，中国石油、中国石化和中国海油这三大能源巨头交出了一份亮眼的成绩单。根据最新披露的年 度报告，三桶油合计实现净利润3529亿元，折合每日净赚近10亿元。这一数据不仅展现了三大公司在全 球能源市场中的强劲表现，也凸显了其在国家能源安全中的重要作用。 净利润合计3529亿元 日均赚近10亿 中国石油在2024年实现营业收入2.9万亿元，归属于母公司股东净利润1646.8亿元，同比增长2.0%。中 国石化实现归属于母公司股东的净利润503.13亿元，中国海油实现归属于母股东的净利润1379.36亿元。 三桶油合计净利润3529亿元，日均净赚近10亿元。这一业绩的取得，得益于三桶油在油气勘探开发、炼 化转型升级、市场营销等方面的持续努力。 大手笔分红回馈股东 在取得良好经营业绩的同时，三桶油均大手笔现金分红回馈投资者。中国石油董事会建议派发2024年末 期股息每股0.25元，全年股息每股0.47元，派息率52.2%，总派息额约860.2亿元，末期和全年每股股息 均创历史同期最高水平。中国石化预计2024年全年派发现金股利每股0.286元，与回购金额合并计算后 现金分红总金额368.78亿元，年度利润分派比例 ...

3月24日至28日，郑商所主办的央企金融衍生业务培训班（第7期）在国务院国资委下属事业单位中国大 连经理学院举办，来自中石化、中建材、中粮集团等10余家中央企业，以及厦门国贸、物产中大、广东 天禾等10家地方国企的50余名业务骨干齐聚一堂，系统学习了金融衍生品业务监管政策、期货市场法治 化建设及风险防控实践等课程。据期货日报记者了解，该培训既是国务院国资委推动中央企业规范参与 金融衍生品市场的重要举措，也是期货市场持续深化服务国家战略、助力实体经济稳健发展的重要实 践。 监管体系升级 护航央企风险管理 近年来，随着全球大宗商品价格波动加剧，我国实体企业面临的市场风险敞口不断扩大。央企、国企作 为国民经济的重要支柱，其风险管理能力直接影响产业链供应链的稳定性。在此背景下，国务院国资委 自2020年起密集出台政策文件，构建覆盖业务准入、风险管控、合规操作的金融衍生业务监管框架。 培训首日，国务院国资委相关负责人系统梳理了我国金融衍生业务监管理念的演进历程，重点宣贯了 2020年《关于切实加强金融衍生业务管理有关事项的通知》（国资发财评规〔2020〕8号，下称8号文） 和2021年《关于进一步加强金融衍生业务管理有 ...

2、多只龙头宽基ETF披露2024年年报，中央汇金的持仓动向随之曝光。以持有ETF总市值计算， 截至2024年末，中央汇金投资有限责任公司持有ETF总 市值为6616.97亿元，中央汇金资产管理有限责任公司持有ETF总市值为3821.84亿元，两家公司合计持有ETF总市值突破万亿元。 3、银行消费贷利率或将迎来重要变化。 部分股份行、国有大行地方分行人士透露，接到总行通知称，消费贷利率4月起上调，3%以下产品或被叫停。 今 年消费贷市场竞争激烈，个别银行产品利率低至2.4%，近期多家银行密集跟进政策举措，"松绑"相应消费贷产品。 // 热点聚焦 // 1、 交通银行、中国银行、建设银行和邮储银行齐齐发布公告称，董事会通过了向特定对象发行A股股票的议案，并对外发布关于财政部战略投资该行的 公告。财政部将以现金方式认购中国银行、建设银行全部新发行股份，并包揽交通银行、邮储银行超过九成的新发行股份，合计出资规模达5000亿元。 四家银行此番集中公告意味着财政部发行特别国债补充大行资本落地在即。交行特别指出，本次发行完成后，财政部持股比例超过30%，将成为该行控股 股东。而在本次发行完成前，交行无控股股东、实际控制人 ...

Core Insights - The global chemical new materials industry is projected to reach a scale of $455 billion in 2024 and $550 billion by 2027, with China's share expected to grow from $165.6 billion in 2024 to $250 billion by 2027, representing a significant increase in market presence [1] Group 1: Industry Growth and Trends - The chemical new materials industry in China has grown 3.4 times over the past decade, accounting for approximately 36.4% of the global market value [1] - During the 14th Five-Year Plan period, China's chemical new materials innovation is expected to enter a new phase characterized by leadership and high-end development [1] Group 2: Development Focus Areas - There is a strong emphasis on developing high-performance materials to meet the needs of strategic emerging industries, including advancements in basic materials and high-end polymers for aerospace and electronics [2] - The industry aims to enhance green production technologies to support carbon neutrality goals, focusing on integrating green hydrogen and electricity into production processes and improving recycling technologies [2] Group 3: Technological Innovations - The development of smart materials that respond to environmental changes is highlighted, with applications in aerospace, smart textiles, and biomedical devices [3] - China Petrochemical Corporation is undertaking significant strategic technology initiatives to fill domestic gaps in chemical new materials, with plans to establish a new research laboratory and a large-scale pilot base for material testing [3]

Group 1 - China Petroleum & Chemical Corporation (Sinopec) has applied for a patent titled "A Method, Device, Equipment, and Medium for Generating Sample Registration Template," with publication number CN 119692324 A, and the application date is December 2024 [1] - The patent involves a data processing technology that allows for the generation of sample registration templates based on user-defined field information, enhancing the flexibility of sample registration [1] - The method includes updating an internal sample field table based on user input, generating a main template, and creating sub-templates for specific sample types, which can be tailored to actual needs [1] Group 2 - Sinopec was established in 2000 and is located in Beijing, primarily engaged in the petroleum, coal, and other fuel processing industries [2] - The company has a registered capital of approximately 12.17 billion RMB and a paid-in capital of about 8.06 billion RMB [2] - Sinopec has invested in 269 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and has 5,000 patent records, along with 39 administrative licenses [2]

Group 1 - The core point of the article is that China Petroleum & Chemical Corporation (Sinopec) has applied for a patent related to a method and device for packaging and coding silk spools, which aims to enhance efficiency in the coding process for operators [1][3] Group 2 - Sinopec was established in 2000 and is headquartered in Beijing, primarily engaged in the petroleum, coal, and other fuel processing industries [2] - The company has a registered capital of approximately 12.17 billion RMB and a paid-in capital of about 8.06 billion RMB [2] - Sinopec has invested in 269 companies and participated in 5,000 bidding projects, holding 45 trademark records and 5,000 patent records, along with 39 administrative licenses [2]

Group 1 - The core point of the news is that China Petroleum & Chemical Corporation (Sinopec) has applied for a patent for a method and system to evaluate the efficiency of research and development personnel, which aims to enhance data collection and processing efficiency while ensuring consistency and reliability of statistical data [1][3] Group 2 - Sinopec was established in 2000 and is based in Beijing, primarily engaged in the petroleum, coal, and other fuel processing industries [2] - The company has a registered capital of approximately 12.17 billion RMB and a paid-in capital of about 8.06 billion RMB [2] - Sinopec has invested in 269 companies and participated in 5,000 bidding projects, holding 45 trademark records and 5,000 patent records, along with 39 administrative licenses [2]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) reported a decline in revenue and net profit for 2024, primarily due to falling prices and sales of refined oil products [1][2] Financial Performance - In 2024, Sinopec achieved operating revenue of 3.07 trillion yuan, a decrease of 4.3% year-on-year; net profit attributable to shareholders was 50.31 billion yuan, down 16.8% year-on-year; and net profit excluding non-recurring items was 48.06 billion yuan, down 20.82% year-on-year [1] - For Q4 2024, Sinopec's operating revenue was 708.02 billion yuan, a decline of 4.61% year-on-year and 10.42% quarter-on-quarter; net profit attributable to shareholders was 6.07 billion yuan, down 19.09% year-on-year and 29.00% quarter-on-quarter; net profit excluding non-recurring items was 4.09 billion yuan, down 60.72% year-on-year and 51.22% quarter-on-quarter [1] Segment Performance - The exploration and development segment generated revenue of 297.2 billion yuan, down 0.9% year-on-year; the refining segment's revenue was 1.4815 trillion yuan, down 3.2% year-on-year; and the marketing and distribution segment's revenue was 1.7144 trillion yuan, down 5.7% year-on-year [2] - Gasoline sales revenue was 813.8 billion yuan, down 2.1% year-on-year; diesel sales revenue was 562.8 billion yuan, down 10.1% year-on-year; and kerosene sales revenue was 153 billion yuan, down 1.1% year-on-year [3] Market Conditions - International oil prices fluctuated significantly in 2024, with an average Brent crude price of $80.8 per barrel, down 2.2% year-on-year; domestic refined oil consumption decreased by 1.9% year-on-year [3] - The domestic demand for refined oil products, including gasoline, diesel, and kerosene, was 404 million tons, with gasoline consumption down 1.2% and diesel down 5.4% year-on-year [3] Chemical Sector Performance - The domestic chemical market saw a 2.4% year-on-year increase in ethylene equivalent consumption; the chemical segment's revenue was 523.9 billion yuan, up 1.7% year-on-year [4] - The chemical segment faced a loss of 10 billion yuan, an increase in loss of 4 billion yuan year-on-year, due to factors like new capacity release and reduced margins [4] Dividend and Share Buyback - Sinopec plans to distribute a total dividend of 0.286 yuan per share for 2024, with a payout ratio of 68.94%, remaining stable compared to the previous year; the total amount for dividends and share buybacks is expected to reach 370 billion yuan, with a profit distribution ratio of approximately 75% [6][7] Capital Expenditure - For 2025, Sinopec plans to reduce capital expenditure to 164.3 billion yuan, a decrease of 10.7 billion yuan or 6% year-on-year, with specific reductions in exploration and development, refining, and marketing segments [8]

v 1.3.0 FF305 | | | B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) | | ■ Not applicable | | | | --- | --- | --- | --- | --- | --- | --- | | 1). | Shares repurchased for cancellation but not yet cancelled | 138,000 | 0.001 % | HKD | 4 3 | + | | | Date of changes 23 December 2024 | | | | | | | 2)- | Shares repurchased for cancellation but not yet cancelled | 23,800,000 | 01 % | HKD | 4 14 | | | | Date of changes 24 March 2025 | | | | | | ...