Core Insights - The Fuling shale gas field has cumulatively produced over 80 billion cubic meters of gas as of December 23, 2023, with a stable daily production of 23.5 million cubic meters, sufficient to meet the daily gas needs of approximately 47 million households [1] Group 1: Production and Development - The Fuling shale gas field is China's first large-scale shale gas field to enter commercial development, achieving significant exploration breakthroughs by the end of 2012 and commencing commercial operations in March 2014 [1] - By 2024, the cumulative proven reserves of the Fuling shale gas field are expected to exceed 1 trillion cubic meters [1] Group 2: Geological and Technical Challenges - Compared to North America, China's shale gas reservoirs have more complex geological conditions, deeper burial, and greater extraction difficulties [1] - China Petroleum has gradually developed a "dual enrichment" theory for southern marine shale gas and has leveraged its full industry chain advantages to independently develop key equipment such as electric drilling rigs and all-electric fracturing units, achieving complete localization of critical devices [1]

Core Insights - China Petroleum & Chemical Corporation (Sinopec) has reported that as of December 23, the Fuling shale gas field has cumulatively produced over 80 billion cubic meters of gas, providing green and clean energy to over 200 million residents across 70 cities in 6 provinces and 2 municipalities along the Yangtze River Economic Belt [2] - The Fuling shale gas field is China's first large-scale shale gas field to enter commercial development, achieving significant exploration breakthroughs by the end of 2012 and commencing commercial production in March 2014 [2] - The field reached an annual production capacity of 10 billion cubic meters in 2017, becoming the first shale gas field in China to achieve this milestone, demonstrating the "Fuling speed" in shale gas development [2] - By 2024, the cumulative proven reserves of the gas field are expected to exceed 1 trillion cubic meters, solidifying the resource foundation for sustained high production [2] Technology and Development - China's shale gas reservoirs are more complex and deeper compared to those in North America, making extraction more challenging [3] - Sinopec has developed a unique "dual enrichment" theory for southern marine shale gas and has innovated a core technology system comprising six key technologies for shale gas geological evaluation, horizontal well drilling, and efficient fracturing [3] - The company has leveraged its full industry chain advantages to independently develop equipment such as electric drilling rigs and fracturing units, achieving complete localization of key equipment, which supports the high-quality development of China's shale gas industry [3]

来源：中国银行 12月24日，中国银行董事长葛海蛟与中国石油化工集团有限公司（以下简称"中国石化"）董事长侯启军 在京举行工作会谈。中国银行副行长杨军、中国石化总会计师蔡勇参加活动。 葛海蛟表示，党的二十届四中全会和中央经济工作会议围绕"加快建设新型能源体系"作出部署要求，为 新时代新征程建设能源强国指明了前进方向。中国石化是保障国家能源安全的"排头兵"，也是中国银行 的重要合作伙伴。长期以来，双方在重大项目、授信、存款、跨境结算等领域落地了多个"第一""最 大""首单"，合作成果显著。面向"十五五"，中国银行将坚决落实党中央决策部署，继续发挥全球化优 势、综合化特色，统筹境内外、商投行资源，与中国石化在各领域加强供需对接、深化互动合作、共拓 业务布局，为推动能源行业转型升级、建设能源强国注入更加澎湃的金融动能。 侯启军感谢中国银行长期以来对中国石化业务发展的大力支持。他表示，中国石化正深入贯彻落实习近 平总书记系列重要指示批示精神，积极谋划"十五五"发展蓝图，加强战略转型发展。中国银行是全球 化、综合化程度最高的国有大型商业银行，中国石化与中国银行长期保持着密切、稳定、广泛的合作关 系。希望双方不断加强战略 ...

Core Insights - The Fuling shale gas field has cumulatively produced over 80 billion cubic meters of gas as of December 23, contributing to clean energy supply for over 200 million residents across more than 70 cities along the Yangtze River Economic Belt [1] Group 1 - The Fuling shale gas field has been operational for over a decade, providing a continuous supply of clean energy [1] - The gas production from the Fuling shale gas field plays a significant role in supporting the energy needs of a large population in the region [1]

新华财经北京12月24日电（记者 安娜） 记者24日从中国石化新闻办获悉，截至2025年12月23日，涪陵 页岩气田累计产气超800亿立方米，十余年来源源不断为长江经济带沿线6省2市70多个城市、2亿多居民 送去绿色清洁能源，最高日产气量达2580万立方米，目前日均产气量稳定在2350万立方米，可满足约 4700万户家庭日常用气需求，有效助力长江经济带高质量发展。 为清洁能源发展贡献科技力量。我国页岩气藏与北美相比，地质条件更复杂、埋藏更深，开采难度大。 中国石化从零起步，探索形成南方海相页岩气"二元富集"理论，创新形成了页岩气地质综合评价、水平 井组优快钻井、长水平井高效压裂等六大核心技术体系，构建起具有中国特色的页岩气立体开发模式。 同时，充分发挥全产业链优势，自主研发网电钻机、全电压裂机组等装备工具，关键设备全部实现国产 化，有力支撑引领我国页岩气产业高质量发展。 编辑：吴郑思 涪陵页岩气田是我国首个投入商业开发的大型页岩气田，于2012年底实现重大勘探突破，2014年3月投 入商业开发，2017年如期建成100亿立方米年产能，成为我国首个百亿方页岩气田，创造了我国页岩气 开发的"涪陵速度"。2024年 ...

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) is enhancing the market value of its listed companies through a series of initiatives, including a recent investor communication event and a special action plan for market value enhancement [1][6]. Group 1: Market Value Increase - During the "14th Five-Year Plan" period, the total market value of Sinopec's listed companies increased by 220 billion yuan [2]. - The steady rise in market value is attributed to the company's robust profitability, optimized shareholder return mechanisms, and proactive market value management measures [2]. - Sinopec's core listed platform, Sinopec Limited, has a clear return policy that instills confidence in the market, with a planned annual cash dividend ratio of no less than 65% of the net profit attributable to shareholders from 2024 to 2026 [2]. Group 2: Dividend Policies - The high dividend culture is reflected across other listed platforms, with Sinopec Engineering maintaining a dividend payout ratio of 65% for four consecutive years and Shanghai Petrochemical planning a dividend ratio of 66.67% for 2024 [3]. - Sichuan Meifeng plans to implement a "annual + interim" dividend strategy starting in 2024, with a commitment to a cash dividend ratio of no less than 60% of the net profit attributable to shareholders [3]. - The stable and predictable dividend policies are supported by strong operational performance, with Sinopec Oilfield Services reporting a 71 million yuan increase in new contract value year-on-year [3]. Group 3: Transformation and Upgrading Plans - Sinopec is focusing on becoming the leading hydrogen energy company and is committed to technological breakthroughs and deep industry transformations [4]. - Sinopec Machinery aims to maintain its leading position in oil and gas equipment while also developing hydrogen energy equipment [4]. - Shanghai Petrochemical is initiating comprehensive technical upgrades and focusing on innovative business areas such as elastomers and carbon fiber [4]. Group 4: Mergers and Acquisitions - Mergers and acquisitions are seen as key strategies for resource integration, with Sinopec Oilfield Services planning to issue corporate bonds by 2026 to strengthen its technology chain [5]. - Sinopec Guande is actively seeking quality storage asset acquisition opportunities to consolidate its market position [5]. Group 5: Special Action Plan for Market Value Enhancement - Sinopec has launched a special action plan aimed at enhancing investment value and increasing shareholder returns [6]. - The plan includes improving governance efficiency, enhancing the return system, and optimizing capital layout to release the value of various segments [6]. - The initiative involves nine listed companies under Sinopec, focusing on long-term management mechanisms and capital operations [6].

数据来源：天眼查APP 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 采购方：中国石化上海石油化工股份有限公司 供应商：环球阀门集团有限公司 中标金额： 地区：上海市 发布日期：2025-12-21 证券之星消息，根据天眼查APP-财产线索数据整理，中国石化上海石油化工股份有限公司12月21日发 布《中国石化上海石油化工股份有限公司储运部配套250#系列加工高酸原油适应性改造项目电动阀招标 结果公告》，详情如下： 标题：中国石化上海石油化工股份有限公司储运部配套250#系列加工高酸原油适应性改造项目电动阀招 标结果公告 通过天眼查大数据分析，中国石化上海石油化工股份有限公司共对外投资了21家企业，参与招投标项目 26841次；财产线索方面有商标信息65条，专利信息1346条，著作权信息9条；此外企业还拥有行政许可 12790个。 ...

Group 1 - Xiaomi Group-W (01810) had a net inflow of 904 million, representing a 17.60% increase in net inflow [1][2] - Meituan-W (03690) experienced a net inflow of 476 million, with a net inflow ratio of 20.69% [1][2] - Changfei Optical Fiber Cable (06869) saw a net inflow of 356 million, corresponding to a 12.70% increase [1][2] Group 2 - The top three stocks with the highest net outflow were: - Yingfu Fund (02800) with a net outflow of -1.42 billion, a decrease of -14.05% [1][2] - China Mobile (00941) with a net outflow of -1.295 billion, reflecting a -49.14% decrease [1][2] - Innovent Biologics (01801) with a net outflow of -271 million, a -32.88% decrease [1][2] Group 3 - The top three stocks with the highest net inflow ratio were: - Southern Hang Seng Index ETF (03037) with a net inflow ratio of 84.61% [1][2] - ICBC Southern China (03167) with a net inflow ratio of 75.00% [1][2] - Midea Real Estate (03990) with a net inflow ratio of 65.00% [1][2] Group 4 - The top three stocks with the highest net outflow ratio were: - Wan Guo Gold Group-Old (02979) with a net outflow ratio of -100.00% [1][3] - New Idea Network Group (01686) with a net outflow ratio of -71.51% [1][3] - Ruian Real Estate (00272) with a net outflow ratio of -71.45% [1][3]

证券之星消息，截至2025年12月22日收盘，中国石化(600028)报收于5.87元，下跌0.34%，换手率 0.13%，成交量119.8万手，成交额7.03亿元。 12月22日的资金流向数据方面，主力资金净流出9651.7万元，占总成交额13.73%，游资资金净流入 3979.89万元，占总成交额5.66%，散户资金净流入5671.8万元，占总成交额8.07%。 近5日资金流向一览见下表： 中国石化2025年三季报显示，前三季度公司主营收入21134.41亿元，同比下降10.69%；归母净利润 299.84亿元，同比下降32.23%；扣非净利润305.52亿元，同比下降30.51%；其中2025年第三季度，公司 单季度主营收入7043.89亿元，同比下降10.88%；单季度归母净利润85.01亿元，同比下降0.5%；单季度 扣非净利润93.37亿元，同比上升11.35%；负债率54.69%，投资收益73.42亿元，财务费用112.5亿元，毛 利率15.68%。中国石化（600028）主营业务：从事石油及天然气和化工业务。石油及天然气业务包括 勘探、开发及生产原油及天然气;管输原油、天然气;将原油提炼为石油 ...

（来源：数局） CONTENT 目录 油气行业外部环境五大特点 1 Five Features of External Environment of the Oil and Gas Industry 油气行业发展取得十大成就 N9 Ten Great Achievements of the Oil and Gas Industry 未来五年油气行业五大展望 6 Five Prospects of the Oil and Gas Industry in the Next Five Years 变与稳 弱与强 世界百年变局加速演进 全球经济弱势增长 中国油气行业稳健前行 中国经济韧性增强 退与进 逆与顺 能源转型有退有进 油气需求增速放缓 中国引领绿色发展 贸易流向"逆顺"转换 新与融 科技革命突飞猛进, 融合创新赋能油气行业 3 特点1:世界百年变局加速演进,中国油气行业稳健前行 特点2:全球经济弱势增长,中国经济韧性增强 中国经济增速 全球经济增速 フラ and 10:2 10:2 10:2 10:2 数据来源:国家统计局,中石油经济技术研究院 数据来源:IMF《世界经济展望》 □ 大国博弈波及能源,供应链安 ...