Core Insights - Clarivate Plc has signed agreements with China Petrochemical Corporation (Sinopec Group) to provide academic research and intellectual property solutions, enhancing Sinopec's research and development capabilities [1][2] - The partnership aims to support Sinopec's vision of advancing low-carbon energy technologies and environmentally friendly materials through improved innovation processes [2][5] Company Collaboration - Clarivate will supply Sinopec Group with the Web of Science platform, which includes a comprehensive citation index and various data insights, facilitating access to a wide range of academic content [3][5] - Beijing incoPat Technology Co., Ltd. will contribute global patent data through the incoPat database, which contains over 200 million records from 172 countries and organizations [4][5] Strategic Goals - The collaboration is positioned as a significant step in driving innovation within Sinopec Group, aligning with its goal to become a world-leading energy and chemical company [5] - The partnership builds on a history of collaboration, with Sinopec already utilizing other Clarivate solutions such as InCites Benchmarking & Analytics and Derwent Innovation [5]

Investment Rating - The report maintains a "Buy" rating for the company, with an expected net profit of 459.65 billion, 502.19 billion, and 532.60 billion for the years 2025 to 2027, corresponding to PE ratios of 15.35X, 14.05X, and 13.25X respectively [4][12]. Core Views - The company has shown significant results in increasing reserves and production, with a year-on-year increase of 2.3% in oil and gas equivalent production, reaching 131.84 million barrels in Q2 2025 [2]. - The exploration and development segment's profit before tax decreased by 25.9% year-on-year due to external factors such as US tariffs and geopolitical conflicts, alongside a notable drop in Brent oil prices [2]. - The refining segment faced challenges with a decrease in crude processing volume by 8.8% year-on-year, leading to a significant drop in profits [3]. - The chemical sector remains under pressure, with losses reported in the chemical segment due to low industry sentiment and declining margins on key products [3]. - The company is expected to benefit from upcoming policies aimed at stabilizing growth in the petrochemical industry and eliminating outdated production capacity [4]. Financial Summary - For 2025, the company is projected to achieve a revenue of 2,870.62 billion, a decrease of 6.63% from the previous year, and a net profit of 45.97 billion, down 8.64% [5]. - The average selling price of crude oil for the first half of 2025 was 3,415 RMB per ton, reflecting a year-on-year decrease of 12.9% [2]. - The company’s total market capitalization is approximately 705.65 billion RMB, with a closing price of 5.82 RMB as of August 26, 2025 [6].

Core Viewpoint - The article discusses the comprehensive anti-corruption and integrity education initiative launched by Sinopec, focusing on enhancing party discipline and promoting a clean political environment within the organization [1][2][3][4][5] Group 1: Education and Training - Sinopec is implementing a month-long anti-corruption education campaign, emphasizing five key tasks: enhancing learning discussions, warning education, integrity reminders, inspection and rectification, and cultural guidance [1] - Various activities such as "Party Secretary on Stage" and "Integrity Education in Party Schools" are being conducted to ensure effective learning and internalization of regulations among party members [1] Group 2: Warning and Case Studies - A system-wide warning education meeting has been held, where typical cases of violations of the Central Eight Regulations were reported, and over 1,200 warning education sessions have been conducted [2] - The disciplinary committee has distributed a warning record of serious violations to party leaders, encouraging self-reflection and accountability among key personnel [2] Group 3: Risk Prevention and Supervision - The focus is on key individuals and areas, with strict reminders and supervision to prevent integrity risks, particularly among senior leaders and newly promoted staff [3] - A clear list of 75 permissible actions and 124 prohibitive actions has been established to delineate policy boundaries for party members [3] Group 4: Rectification and Accountability - The organization is addressing specific issues through self-examination and strict rectification measures, including a focused review of business hospitality practices across 130 subsidiaries [4] - Recommendations have been issued to improve management practices, and discussions have been held with financial department heads of 14 key enterprises to ensure immediate corrective actions [4] Group 5: Cultural Development - The integrity culture is being promoted as a foundational project, with a focus on developing a shared understanding of integrity values and behaviors among employees [5] - Innovative methods for disseminating integrity culture, such as an online exhibition hall, are being implemented to enhance the influence and appeal of integrity initiatives [5]

Core Viewpoint - The successful unloading of the "Hamara" LNG carrier at the Sinopec Tianjin LNG receiving station marks a significant milestone, being the 600th LNG shipment since its inception in February 2018, highlighting the station's operational efficiency and contribution to energy supply stability in the region [1] Group 1: Operational Achievements - The Tianjin LNG receiving station has achieved a cumulative unloading volume of 41 million tons of LNG, resulting in over 48 billion cubic meters of natural gas being vaporized and supplied [1] - The station has contributed to a reduction of over 66 million tons of carbon dioxide emissions, showcasing its environmental impact [1] Group 2: Infrastructure and Capacity - The annual unloading capacity of the Tianjin LNG receiving station is 10.8 million tons, with a total gas storage capacity of 1.08 billion cubic meters, positioning it among the leading LNG receiving stations in China [1] - In November 2024, Sinopec plans to launch China's first cold and heat energy exchange station in the Nankou Industrial Zone, marking a significant advancement in energy coupling between LNG receiving stations and large-scale petrochemical production facilities [1] Group 3: Operational Innovations - The station implemented a "dual-ship in port" unloading operation during the summer peak energy usage, enhancing the efficiency of LNG transport vessel clearance and unloading turnaround times [1]

Group 1 - China Petroleum & Chemical Corporation (Sinopec) signed a contract with ACWA Power for the front-end engineering design of the green hydrogen/ammonia project in Yanbu, Saudi Arabia, marking a significant milestone in global energy transition [1] - The project will utilize 4.5 GW of electrolytic water hydrogen production facilities and approximately 8,000 tons/day of synthetic ammonia facilities, with an expected annual production of 400,000 tons of green hydrogen and 2.8 million tons of green ammonia by 2030 [1] - The project is positioned to become the world's largest integrated green hydrogen/ammonia production complex, promoting the large-scale development and application of green hydrogen/ammonia technology [1] Group 2 - Sinopec is actively advancing the hydrogen energy industry chain, establishing a green hydrogen production, storage, and transportation innovation consortium, and developing multiple hydrogen fuel cell supply centers and refueling stations [2] - The company has built 11 hydrogen fuel cell supply centers and 144 hydrogen refueling stations, becoming the enterprise with the most operational refueling stations globally [2] - Sinopec has invested in 13 companies across various segments of the hydrogen energy industry chain, including hydrogen production technology, fuel cells, and refueling station construction [2]

Core Viewpoint - The trend of mid-term dividends among listed companies is increasing, indicating a shift from sporadic occurrences to a regular practice in the market, with multiple dividends becoming the new norm [1][3]. Group 1: Increase in Mid-term Dividends - Over 20 listed companies have recently announced their first mid-term dividend plans, including Taihe Co., China Steel Tianyuan, and Yuchip Technology, with cash dividends per 10 shares of 2 yuan, 0.6 yuan, and 1 yuan respectively [3]. - Major companies like CRRC, Hengli Petrochemical, and Changan Automobile have also announced their first mid-term dividend plans, with CRRC planning to distribute 1.1 yuan per 10 shares, totaling 3.157 billion yuan [3][4]. - The cash dividend ratios for Taihe Co., China Steel Tianyuan, and Yuchip Technology are approximately 49%, 31%, and 19% respectively, reflecting a growing emphasis on shareholder returns [3]. Group 2: Record High Dividend Scale - Approximately 400 companies have disclosed mid-term dividend plans, with a total planned dividend amount of around 180 billion yuan, marking a historical high [4]. - Major companies such as China Mobile, China Telecom, and Sinopec have mid-term dividends exceeding 10 billion yuan, with amounts of 54 billion yuan, 16.581 billion yuan, and 10.67 billion yuan respectively [4]. - More than 60% of listed companies have mid-term dividends in the million yuan range, with banks showing a higher dividend ratio, as evidenced by Changshu Bank and Ping An Bank's announced dividend plans [4]. Group 3: Characteristics of Current Dividends - The current dividend landscape is characterized by high amounts, high ratios, and high frequencies, with 3,720 companies planning cash dividends totaling approximately 2.4 trillion yuan in 2024 [5]. - This figure not only sets a new historical record but also marks the third consecutive year exceeding 2 trillion yuan in total dividends [5]. - Many companies have indicated plans for stable and regular returns to investors, committing to annual profit distributions when conditions allow, including a certain proportion of cash dividends [5].

Core Insights - China Petroleum & Chemical Corporation (Sinopec) reported a stock price of 5.82 yuan on August 26, down 0.34% from the previous trading day, with a trading volume of 897 million yuan and a market capitalization of 705.647 billion yuan [1] - Sinopec is a major energy and chemical enterprise in China, involved in oil and gas exploration, refining, and sales, and is one of the largest suppliers of refined oil and petrochemical products in the country [1] - The Fuling shale gas field operated by Sinopec has surpassed 1,000 production wells, achieving a summer daily output of 19.1 million cubic meters, contributing over 70 billion cubic meters of gas, and serving as a key gas source for the national pipeline [1] - Sinopec has signed a contract with a Saudi company for the development of a green hydrogen/green ammonia project, which is expected to become the largest integrated production complex for green hydrogen and ammonia globally [1] - On August 26, there was a net outflow of 135 million yuan in main funds for Sinopec, with a cumulative net outflow of 212 million yuan over the past five trading days [1]

南财智讯8月26日电，海正生材公告，中国石化集团资本有限公司作为持有公司5%以上股份的股东，原 计划通过大宗交易方式减持不超过352.56万股，占公司总股本的1.74%。截至2025年8月22日，实际减持 84.46万股，占公司总股本的0.42%，减持总金额为980.58万元。因自身发展计划和资金安排，中国石化 集团资本有限公司决定提前终止本次减持计划。减持后，中国石化集团资本有限公司持有公司1281.49 万股，占公司总股本的6.32%。 ...

股票代码：600028 股票简称：中国石化 公告编号：2025-38 月 21 日）登记在册的前十大股东和前十大无限售条件股东的名称及持股数量、 持股比例情况公告如下： 一、前十大股东的名称及持股数量、持股比例 占公司总股本的 中国石油化工股份有限公司 关于回购股份事项前十大股东 和前十大无限售条件股东持股情况的公告 中国石化董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国石油化工股份有限公司（简称"中国石化"或"公司"）于2025年8月21日 召开第九届董事会第八次会议，审议通过《关于以集中竞价交易方式回购公司股 份的方案》，有关本次回购事项的具体情况详见公司于2025年8月22日在上海证 券交易所网站披露的《关于以集中竞价交易方式回购A股股份的回购报告书》 $$\left(\not{\Delta}_{\Delta}\right)$$ 告编号：2025-35）（简称"董事会公告"）。 根据《上市公司股份回购规则》、 《上海证券交易所上市公司自律监管指引第 二、前十大无限售条件股东的名称及持股数量、持股比例 占无限售条件流 序号 ...

该项目位于沙特延布，将利用风光发电制备绿氨，建设内容包括4.5GW电解水制氢设施、约8000吨/天合成氨设施，海水淡化厂、专用码头等公用工程及 辅助生产设施，预计于2030年正式投入商业运营，每年可生产40万吨绿氢、280万吨绿氨。 中石化炼化工程集团相关负责人表示，本次成功签约沙特延布绿氢/绿氨项目Feed+可转换工程总承包合同，是中国石化深入践行高质量共建"一带一路"的 又一成果，也是公司深度参与并推动全球能源转型的重要里程碑。炼化工程集团将继续发挥在绿色能源领域的经验、技术和管理优势，为全球绿色能源发 展贡献中国力量。 来源：科技日报 中国石化参建全球最大绿氢/绿氨综合体项目 8月26日，记者从中国石化获悉，近日，中国石化与沙特国际电力和水务公司（ACWA Power）签订沙特延布绿氢/绿氨项目前端工程设计（Feed+可转换 工程总承包）合同。根据合同，中石化炼化工程集团（SEG）全资子公司——广州工程公司将与西班牙公司组成联合体，为该项目提供前期工程服务。该 项目建成后，将成为全球最大规模的绿氢/绿氨生产综合体，有效促进绿氢/绿氨技术的规模化发展和应用，助力全球能源转型。 ...