Summary of Key Points Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) announced share buybacks, indicating a commitment to enhancing shareholder value through capital management [1] Group 1: Share Buyback Details - On September 24, the company spent HKD 32.97 million to repurchase 8.1 million shares [1] - Additionally, on the same day, the company allocated HKD 629,000 to buy back 118,000 shares [1]

Group 1 - The company, China Petroleum & Chemical Corporation, announced a share buyback plan, intending to repurchase 8.1 million shares at a cost of HKD 32.9711 million [1] - The buyback is scheduled to take place on September 25, 2025 [1] - This move indicates the company's strategy to enhance shareholder value through capital management [1]

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 | 2. 股份分類 | 普通股 | A 股份類別 | | | 於香港聯交所上市 | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | | 說明 | | 於上海證券交易所上市（證券代號：600028） | | | | | 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 | | | | | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 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（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | | | 於下列日期開始時的結存(註1) | 2025年9月24日 | | 97,232,263,098 | | 0 | | 97,232,263,098 | | 1). 其他 (請註明) | | | | % | | | ...

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) is advancing its hydrogen energy logistics capabilities by successfully conducting long-distance transportation tests of hydrogen-powered logistics vehicles along the Yangtze River, connecting various hydrogen corridors and enhancing the hydrogen energy supply network [1][2]. Group 1: Hydrogen Logistics Development - Sinopec has completed a 1500-kilometer journey with three different models of hydrogen logistics vehicles, utilizing six hydrogen refueling stations along the route [1]. - The company has established two long-distance hydrogen corridors, namely the Beijing-Shanghai and the Western Land-Sea New Corridor, and five intercity hydrogen corridors [1]. - Future plans include expanding the hydrogen corridor network to connect with the Chengdu-Chongqing hydrogen corridor, aiming to fully integrate the hydrogen corridor along the Yangtze River [1]. Group 2: Hydrogen Production and Green Hydrogen Initiatives - Sinopec's hydrogen production capacity currently stands at 4.45 million tons per year, with significant projects such as the first factory-scale seawater hydrogen production research project in Qingdao [2]. - The company is developing integrated green hydrogen projects in Inner Mongolia, including a 30,000 tons/year wind-solar green hydrogen project and a 100,000 tons/year project in Ulanqab [2]. - Plans are underway to construct China's first large-scale, long-distance pure hydrogen transportation pipeline [2]. Group 3: Hydrogen Energy Infrastructure and Collaboration - Sinopec has established 11 hydrogen fuel cell supply centers and 146 hydrogen refueling stations, effectively covering the "3+2" hydrogen fuel cell demonstration city clusters [2]. - The company has formed a hydrogen energy equipment company to enhance collaboration with universities and research institutions, and is leading a joint initiative for green hydrogen production, storage, and transportation [2]. - Sinopec aims to respond to the State-owned Assets Supervision and Administration Commission's "Hydrogen Highway" initiative by developing hydrogen refueling highways and exploring sustainable business models for the hydrogen energy industry [2].

证券时报•数据宝统计显示，9月24日有21家香港上市公司进行了股份回购，合计回购2062.91万股，回 购金额8.71亿港元。 腾讯控股回购数量85.80万股，回购金额5.51亿港元，回购最高价为650.500港元，最低价为628.500港 元，年内累计回购金额554.60亿港元；安踏体育回购数量200.30万股，回购金额1.88亿港元，回购最高 价为94.800港元，最低价为93.100港元，年内累计回购金额12.85亿港元；中集集团回购数量581.37万 股，回购金额4488.24万港元，回购最高价为7.830港元，最低价为7.600港元，年内累计回购金额1.59亿 港元。 以金额进行统计，9月24日回购金额最多的是腾讯控股，回购金额为5.51亿港元；其次是安踏体育，回 购金额为1.88亿港元；回购金额居前的还有中集集团、中国石油化工股份等。回购数量上看，9月24日 回购股数最多的是中集集团，当日回购量为581.37万股；其次是中国石油化工股份、联易融科技-W 等，回购数量分别为580.00万股、232.10万股。 值得关注的是，心玮医疗-B本次回购为年内首次进行回购。本次回购5.51亿港元的腾讯控股，年 ...

Core Viewpoint - Sinopec has established a new subsidiary focused on resource recycling, indicating a strategic move towards sustainable practices in the chemical industry [2][3]. Group 1: Company Developments - Sinopec has invested in China Resource Recycling Group and is involved with Changde Technology, a "little giant" in chemical resource utilization that has recently initiated an IPO [2]. - Zhejiang Hengyi Group has signed an investment agreement for a 1 million ton green circular new materials project, focusing on the recycling of waste textiles, with a potential annual recycling volume exceeding 200,000 tons, which could reduce carbon emissions by 300,000 tons [4]. - Jiangsu Sanfangxiang has announced the establishment of a wholly-owned subsidiary with an investment of 100 million RMB, focusing on polyester recycling and developing food-grade polyester chip preparation technology [6]. Group 2: Technological Insights - Hengyi Group employs chemical recycling technology to depolymerize polyester into its monomer components, utilizing their proprietary "Yitaikang" antimony-free polyester technology to minimize environmental impact [4][5]. - Various depolymerization technologies exist, with glycolysis being the most mainstream and accessible for new entrants, offering advantages such as mild reaction conditions, easy product separation, and minimal fiber damage [5]. Group 3: Regulatory Environment - The EU mandates that by 2030, recycled materials must constitute at least 30% of textile products, while China's circular economy development plan aims for a 25% recycled fiber ratio [8]. - New EU packaging regulations require that by 2030, packaging must contain 10-35% recycled materials, emphasizing the shift towards circular economy practices [8]. - The automotive industry is also adapting, with regulations requiring the inclusion of recycled fibers in vehicle interiors to meet mandated recycled content [8]. Group 4: Market Landscape - International players in polyester chemical recycling include Eastman, SK Chemicals, and CARBIOS, while domestic companies like Zhejiang Jiaren New Materials and Hubei Chengfa Technology are also making strides in this sector [9]. - The market for polyester chemical recycling is seeing a surge in startups receiving significant funding, particularly in regions such as Europe, the US, and Asia [9].

【DT新材料】 获悉， 9月23日， 中国石化 供 中国中车风电专用48K大丝束碳纤维产品在上海石化交付发运 ， 标志着中国石化自有技术大丝束碳纤维在风 电领域规模化应用取得重大突破。 48K大丝束碳纤维是目前工业级碳纤维的主流产品，相比传统小丝束碳纤维，其生产效率更高、成本更低、强度更高。今年7月，中国石化供应中国中车700吨自 有知识产权的48K大丝束碳纤维合同签订，产品用于中国中车大型风电叶片制造。 除上述突破之外 ， 9月17日，中石化旗下 上海石化生产的60K大丝束碳纤维新产品首次发布，填补了国内市场空白，产品性能达到国际领 先水平 ，在深海海上风电、建筑桥梁等领域有广阔应用前景。 与48K大丝束碳纤维相比，上海石化研发的60K大丝束碳纤维在单丝含量上提升了25%，同时力学性能也显著提升，强度提高了0.5GPa （吉帕斯卡），模量增加20GPa，可实现生产装置单线效率提升25%，并可助力提升下游复合材料拉挤等工序的生产效率。 随着国内风电产业逐步向深海进军，对于风电叶片的长度和模量有了更高要求。经测试验证，上海石化60K碳纤维丝束拉伸强度突破 4.9GPa，单股丝束可吊起1吨重物；弹性模量可达260 ...

Core Insights - The fourth (2025) Oil and Petrochemical Industry Exhibition and Yipai Industrial Products Exhibition opened on September 24 in Nanjing, showcasing over 500 leading enterprises and highlighting the latest domestic technologies in the oil and petrochemical sector [1][3] - The exhibition aims to facilitate deep communication and cooperation within the industry, promoting high-end, intelligent, and green development of oil and petrochemical equipment, which is crucial for national energy security and sustainable development [3] Group 1: Exhibition Overview - The exhibition features eight core areas: heavy equipment, energy storage, new energy, new materials, intelligence and automation, fluid control, comprehensive services, and smart logistics, covering the entire oil and petrochemical industry chain [5] - Significant products displayed include China National Petroleum Corporation's F-2800QHL ultra-deep well high-power five-cylinder drilling pump and China National Offshore Oil Corporation's first mobile thermal injection platform [5] Group 2: AI Applications - The exhibition showcases breakthroughs in AI applications, such as a molecular language pre-training model developed by Beijing Chemical Research Institute and a domestic first explosion-proof intelligent sample delivery robot by Petrochemical Yingke [7] - Huawei presented smart chemical solutions for process optimization and preventive maintenance, while Zhongkong Technology introduced the first time series large model TPT2 for high-precision simulation and cross-condition prediction [7] Group 3: Industry Discussions - The exhibition will run until September 26 and includes nearly 30 high-quality professional meetings focusing on topics like manufacturing brand internationalization, recycling, and collaborative innovation in the valve industry [8] - Co-hosted by the China Petroleum and Petrochemical Equipment Industry Association and Yipai E-commerce Co., the exhibition has successfully contributed to the innovation of oil and petrochemical technology and the cultivation of new productive forces [8]

今年以来该股累计进行11次回购，合计回购1.43亿股，累计回购金额6.41亿港元。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 中国石油化工股份回购明细 （万股） 回购最高价 （港元） 回购最低价 （港元） 回购金额 日期 回购股数 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，9月24日以每股4.070港元至4.090港元的 价格回购580.00万股，回购金额达2366.98万港元。该股当日收盘价4.070港元，平盘报收，全天成交额 4.89亿港元。 （万港元） 2025.09.24 580.00 4.090 4.070 2366.98 2025.09.23 550.60 4.090 4.070 2244.25 2025.09.22 541.00 4.120 4.070 2211.61 2025.08.22 6762.40 4.430 4.340 29772.14 2025.03.26 288.00 4.110 4.090 1179.71 2025.03.25 950.00 4.110 4.090 3890.92 2025.03.24 2380.00 4.170 4.1 ...

Instrument: Equity issuer Status: New Submission Name of Issuer: China Petroleum & Chemical Corporation 24 September 2025 Date Submitted: 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 Hong King Limited the "Exchange") (the "Main Board Rules") or rule 17.27A of the Rules Governing the Listing of Securities o Exchange (the "GEM Rules"). ...