Core Viewpoint - China Petroleum & Chemical Corporation repurchased a total of 3.3 million A-shares on September 29 from other exchanges, costing 17.4 million RMB [1] Company Summary - The repurchase of 3.3 million A-shares indicates the company's strategy to enhance shareholder value and confidence in its stock performance [1] - The total expenditure of 17.4 million RMB reflects the company's commitment to managing its capital structure effectively [1]

Group 1 - The company announced a share buyback plan, intending to repurchase 3.2732 million A-shares at a cost of RMB 17.3625 million [1] - The buyback price is set between RMB 5.28 and RMB 5.33 per share [1]

Group 1 - The company, China Petroleum & Chemical Corporation, announced a share buyback plan for 3.2732 million A-shares at a total cost of RMB 17.3625 million [1] - The buyback price is set between RMB 5.28 and RMB 5.33 per share [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 公司名稱： 中國石油化工股份有限公司 呈交日期： 2025年9月29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（不包括庫存 ...

Summary of Key Points Core Viewpoint - On September 26, 32 Hong Kong-listed companies conducted share buybacks, totaling 18.93 million shares and an aggregate amount of HKD 787 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 850,000 shares for HKD 550 million, with a highest price of HKD 652.50 and a lowest price of HKD 640.00, bringing its total buyback amount for the year to HKD 56.56 billion [1][2]. - Anta Sports repurchased 1.09 million shares for HKD 99.87 million, with a highest price of HKD 92.55 and a lowest price of HKD 90.20, totaling HKD 1.48 billion in buybacks for the year [1][2]. - Hang Seng Bank repurchased 200,000 shares for HKD 23.32 million, with a highest price of HKD 122.80 and a lowest price of HKD 113.60, accumulating HKD 933.51 million in buybacks for the year [1][2]. Group 2: Buyback Volume Leaders - China Petroleum & Chemical Corporation led in buyback volume with 4.53 million shares repurchased on the same day [1][2]. - Other notable companies in terms of buyback volume included Linklogis Technology and Sihuan Pharmaceutical, with 2.23 million and 1.50 million shares repurchased, respectively [1][2]. Group 3: Additional Buyback Information - The buyback activity on September 26 highlighted a significant trend among Hong Kong-listed companies, with Tencent and Anta leading in terms of monetary value [1][2]. - Medical technology company Yidu Tech was noted for its first buyback of the year, indicating a potential shift in its financial strategy [2].

Core Viewpoint - The hydrogen energy industry is transitioning from fragmented efforts to collaborative strategies, aiming for high-quality development and contributing to a green low-carbon energy revolution [1][6]. Group 1: Strategic Layout - China Petrochemical Corporation (Sinopec) has evolved its hydrogen energy strategy from isolated initiatives to a comprehensive industry chain approach, aiming to become "China's first hydrogen energy company" [3][4]. - The company has established a hydrogen industry chain expert advisory committee to gather insights and promote collaboration across the entire industry [3]. - Sinopec's long-term hydrogen energy development strategy was officially launched in September 2022, emphasizing "hydrogen leading, green hydrogen demonstration, dual-wheel drive, and supporting carbon reduction" [3]. Group 2: Capital Layout - In May 2025, Sinopec's hydrogen industry chain venture capital fund was registered with an initial scale of 5 billion yuan, focusing on forward-looking investments across the hydrogen energy value chain [4]. Group 3: Achievements in Technology and Infrastructure - Sinopec has successfully implemented a megawatt-level proton exchange membrane electrolysis hydrogen production device and is the first in China to operate a kilowatt-level solid oxide electrolysis hydrogen production project [4]. - The company has established the first 10,000-ton photovoltaic green hydrogen demonstration project in China and is developing additional green hydrogen projects in Inner Mongolia [4]. - With over 30,000 refueling stations nationwide, Sinopec has become the largest operator of hydrogen refueling stations globally, holding approximately 30% of the domestic market share [4]. Group 4: Future Outlook - The hydrogen energy industry is expected to thrive through collaborative innovation, with Sinopec committed to building an ecological network for hydrogen energy [5]. - The establishment of a central enterprise green hydrogen innovation consortium aims to integrate production, education, and research, fostering a collaborative innovation ecosystem [5]. - Sinopec is actively participating in the development of national and industry standards for hydrogen energy, ensuring the healthy growth of the sector [5].

格隆汇9月28日｜传统能源龙头携手新能源巨头发力"零碳新基建"已成为新趋势。9月26日，中国石化与 宁德时代合作的首座骐骥重卡换电站——福清渔溪景虹站正式投入运营。据介绍，该站位于G15沈海高 速与324国道交会枢纽，也是骐骥换电全国组网中的关键站点，主要服务G15沈海高速来往重卡车辆， 连接长三角和珠三角交通大动脉，同时有效辐射江阴港、莆田港等重要物流集散地，成为南北电动重卡 货运网络的重要能源补给节点。此次投入运营的换电站将打通沿海绿色货运走廊，大幅提升沿海公路货 运的电动重卡补能效率。 ...

Core Viewpoint - The 18th China (Dongying) International Petroleum and Petrochemical Equipment and Technology Exhibition emphasizes the theme "Green Innovation for the Future, Connecting the World," focusing on low-carbon transformation in the traditional energy sector and fostering new productive forces through technological innovation [1][6]. Group 1: Exhibition Overview - The exhibition lasts for three days and covers an area of over 40,000 square meters, with more than 400 exhibitors and buyers, and an expected attendance of over 60,000 visitors [1]. - There are five exhibition areas, including specialized zones for central and state-owned enterprises, oilfield supply chain companies, international exhibits, and outdoor displays of large oil equipment and drones [1]. Group 2: Participation and Exhibitors - The exhibition features a diverse range of exhibitors from the oil and gas industry, with 69% of participants being from outside the region, including renowned companies like Baker Hughes, Caterpillar, and Total [3]. - A record number of World Fortune 500 and central enterprise exhibitors are present, with several companies participating for the first time, including Baker Hughes and the China National Petroleum Corporation [3]. Group 3: Special Topics and Events - The exhibition includes over 20 high-profile meetings focusing on four main topics: "Going Global Together," "International Procurement," "Future Industries," and "New Product Launches," featuring nearly 100 experts and representatives [5]. - The "Going Global Together" topic aims to provide a platform for sharing overseas market opportunities and industry trends, while the "International Procurement" section facilitates efficient procurement connections [5]. Group 4: Historical Significance and Impact - The exhibition has been successfully held for 17 consecutive years and is recognized as the second oil equipment exhibition in China to receive UFI certification, playing a crucial role in promoting green transformation and technology cooperation in the petroleum and petrochemical equipment industry [6]. - It serves as an international platform for upgrading the petroleum and petrochemical equipment industry, enhancing trade, investment, and technology collaboration, and showcasing new technologies and products [6].

Core Viewpoint - The "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)" aims for an annual growth of over 5% in the industry's added value, emphasizing strict control over new refining capacities and promoting high-end chemical products and emerging fields like new energy and low-altitude economy [1][2]. Group 1: Capacity Control and Supply Optimization - The plan mandates strict control over new refining capacities and the pace of new ethylene and paraxylene capacity releases to prevent overcapacity risks in the coal-to-methanol sector [2][3]. - By 2024, national refining capacity is projected to reach 955 million tons per year, with a target to keep crude oil processing capacity under 1 billion tons by 2025 [2][3]. - The industry is experiencing negative growth in gasoline and diesel demand due to the rise of electric vehicles and natural gas heavy trucks, reducing the impetus for blind expansion [2][3]. Group 2: High-End Product Development - The plan focuses on addressing the supply shortage of high-end products by supporting key areas such as electronic chemicals, high-end polyolefins, and specialty rubber [3]. - Companies are encouraged to innovate and industrialize high-end fine chemicals and improve the quality of bulk products to meet market demands [3]. - The transition to high-end products is seen as essential for companies, requiring significant investment in research and development to achieve cost-effective and stable mass production [3]. Group 3: Emerging Industry Applications - The plan identifies opportunities in emerging industries like new energy, low-altitude economy, and humanoid robots, aiming to expand application scenarios for materials such as battery materials and carbon fiber [4][5]. - Leading companies are already making strides in high-end material sectors, with examples like Zhongfu Shenying advancing in carbon fiber applications for aerospace and new energy industries [4][5]. - The demand for new materials in sectors like automotive and humanoid robotics is expected to grow significantly, with specific materials being highlighted for their advantages in weight reduction and durability [5]. Group 4: AI and Data Innovation - The plan emphasizes the importance of building high-quality data sets and developing industry-specific AI models to enhance technological innovation and efficiency [6]. - Major players in the industry, such as China National Petroleum, China Petroleum & Chemical, and China National Offshore Oil Corporation, are already implementing AI technologies to improve operational efficiency and safety [6]. - Initiatives like the Kunlun model app and the Changcheng model have been launched to support the digital transformation of the petrochemical sector [6].

中国石油化工股份回购明细 | 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） | | --- | --- | --- | --- | --- | | 2025.09.26 | 453.00 | 4.070 | 4.050 | 1840.45 | | 2025.09.25 | 810.00 | 4.090 | 4.050 | 3297.11 | | 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 | | 2025.03.2 ...