12月15日消息，从中国石化获悉，中国石化12月11日至12日在广东湛江举办上市25周年投资者反向路演 活动。在交流环节，中国石化董事会秘书、副总裁黄文生回顾了公司上市25年来取得的发展成果，对未 来发展方向进行了展望。来自经济技术研究院和北京化工研究院的高级专家分别介绍石化行业展望和技 术发展趋势，茂名石化和中科炼化主要负责人介绍企业发展特色和未来发展目标。 来自新华资产、嘉实基金、Aberdeen公司、美国银行、摩根士丹利、中金公司、长江证券等境内外近70 名投资者、分析师参与交流，并现场参观茂名石化和中科炼化。 中国石化方面表示，今年是中国石化上市25周年，也是公司市值管理制度制定并实施的第一年。组织反 向路演旨在促进资本市场对公司全方位的了解，增进市场认同，积极听取投资者的有益建议，进一步提 高上市公司质量。（刘丽丽） 责任编辑：江钰涵 12月15日消息，从中国石化获悉，中国石化12月11日至12日在广东湛江举办上市25周年投资者反向路演 活动。在交流环节，中国石化董事会秘书、副总裁黄文生回顾了公司上市25年来取得的发展成果，对未 来发展方向进行了展望。来自经济技术研究院和北京化工研究院的高级专家分别 ...

央视网消息：受强寒潮影响，我国多地出现大范围雨雪降温天气，供暖用气需求随之攀升。面对极寒考验，能源企业多措并举筑牢能源保 供防线，守护千万家庭温暖。 能源企业在加快推进油气勘探开发的同时，也在通过智能化手段加强对关键设备的检查和巡护。在位于沙漠腹地的新疆油田克拉美丽气田 天然气处理站，一台智能巡检机器人正搭载着高清摄像头、红外热像仪和气体传感器，穿梭在厂区中进行全方位检测。 中石化中原油田储气库管理中心生产指挥中心副主任刘铁英称："目前我们供气量峰值是480万方/天，能够满足1000万户三口之家一天的 用气量，希望我们的付出能温暖更多的家庭。" 位于渤海湾的南港油田试验井产量不久前获得突破，日产油气当量340吨，预计今年新增原油产量1.5万吨、天然气2000万立方米以上。在 江苏如东液化天然气接收站，一艘满载15万立方米液化天然气的船舶进行装卸，自冬供以来，中国石油累计接卸液化天然气船舶20艘，单日气 化外输量最高可达8400万立方米，气化能力创历史新高。 为应对寒潮用气高峰，各地储气库全力保供。作为离北京最近的储气库集群，华北油田储气库群的单日采气量已突破2500万立方米，全力 守护京津冀区域百姓温暖过冬。 ...

Summary of Key Points Core Viewpoint - The article discusses the stock buyback activities of various companies, highlighting the amounts repurchased and their significance in terms of total shares outstanding. Group 1: Major Buybacks - Tencent Holdings (00700) had the largest buyback, repurchasing 1.044 million shares for a total of 636 million [1][2] - China Merchants Industry Holdings (01919) repurchased 4.461 million shares for 60.86 million, representing 2.986% of its total shares [2] - Geely Automobile (00175) bought back 1.362 million shares for 23.92 million, which is 0.078% of its total shares [2] Group 2: Notable Buyback Activities - China Feihe (06186) repurchased 5.655 million shares for 23.18 million, accounting for 2.605% of its total shares [2] - Yum China (09987) conducted two buybacks totaling 58,000 shares for 21.67 million, representing 4.750% of its total shares [2] - Kweichow Moutai (01951) repurchased 772,200 shares for 19.35 million, which is 0.280% of its total shares [2] Group 3: Other Companies Involved - Vitasoy International (00345) repurchased 2,000 shares for 13,300, which is 2.209% of its total shares [3] - Yanzhiyu (01497) bought back 200,000 shares for 1.39 million, representing 0.786% of its total shares [3] - Weigao Group (01066) repurchased 120,000 shares for 631,000, which is 5.179% of its total shares [3]

Investment Rating - The report maintains a rating of "Buy" for the petrochemical industry [4]. Core Insights - China Petroleum & Chemical Corporation (Sinopec) is the largest supplier of refined oil and petrochemical products in China, ranking as the world's largest refining company and second-largest chemical company. The company is undergoing a transformation towards green energy while maintaining its core operations in oil and gas [1][8]. - In 2024, Sinopec achieved a total revenue of 3,138.8 billion yuan, a decrease of 3.3% year-on-year, and a net profit attributable to shareholders of 57.8 billion yuan, down 13.0% year-on-year. Despite challenges such as geopolitical risks and fluctuating oil prices, the company has managed to maintain high-quality development across its business segments [1][12]. - Sinopec is focusing on enhancing its integrated business model across the entire petrochemical value chain, emphasizing the development of new materials and renewable energy [2][19]. Summary by Sections Section 1: Company Overview - Sinopec is a state-owned enterprise with a comprehensive business structure that includes oil and gas exploration, refining, chemical production, and financial services. The company has over 100 subsidiaries and is strategically positioned in China's economically vibrant regions [1][9]. Section 2: Business Operations - In the oil and gas sector, Sinopec produced 35.775 million tons of crude oil in 2024, a year-on-year increase of 0.94%, and 39.57 billion cubic meters of natural gas, up 4.65% year-on-year. The company is actively investing in renewable energy projects to create a diversified green energy supply system [2][19]. - The company is also enhancing its traditional refining and sales operations by focusing on high-end new materials and strengthening its supply chain [2][19]. Section 3: Corporate Governance and Reforms - Sinopec is advancing its corporate governance reforms to enhance management efficiency and market-oriented operations. The company is implementing a performance-based management system to boost productivity and organizational vitality [3][27]. - The company has established a clear path for its "dual carbon" goals, aiming for peak carbon emissions by 2030 and carbon neutrality by 2060, while also improving its ESG performance [3][29]. Section 4: Investment Recommendations - The report suggests focusing on several subsidiaries of Sinopec, including Sinopec Corp., Sinopec Engineering, Sinopec Oilfield Service, and others, highlighting their competitive advantages and growth potential in the evolving energy landscape [3].

Group 1 - China Petroleum & Chemical Corporation (Sinopec) announced a share buyback plan, intending to repurchase 678,000 shares at a cost of HKD 2.9243 million [2][4]

Group 1 - The core announcement is regarding the public inquiry and procurement results for the diesel pump maintenance by Sinopec Shanghai Petrochemical Company for the year 2025 [1] - Sinopec Shanghai Petrochemical Company has made investments in 21 enterprises and participated in 26,577 bidding projects [1] - The company holds 65 trademark registrations, 1,335 patent registrations, and 9 copyright registrations, along with 12,790 administrative licenses [1] Group 2 - The procurement was awarded to Shanghai Jintengtai Enterprise Development Co., Ltd. [2] - The announcement was published on December 11, 2025, and the procurement amount is not specified in the provided data [2]

Core Viewpoint - The meeting held by the National Energy Administration emphasizes the importance of enhancing shale oil exploration and development to ensure energy security and high-quality energy development in China [1][3]. Group 1: Meeting Highlights - The meeting was chaired by Wan Jinsong, a member of the National Energy Administration, and focused on the progress of shale oil exploration and the establishment of national shale oil demonstration zones [1][3]. - Major oil companies, including China National Petroleum Corporation and China Petroleum & Chemical Corporation, reported on their advancements in shale oil exploration and development [3]. - The year 2023 marks the conclusion of the "14th Five-Year Plan" and the "Seven-Year Action Plan" aimed at enhancing oil and gas exploration and development, with significant achievements noted in shale oil production [3]. Group 2: Production Goals and Achievements - National shale oil production is projected to increase from 1 million tons in 2019 to over 8 million tons by 2025, contributing to a record high in national crude oil production [3]. - The successful completion of the "Seven-Year Action Plan" is presented as a satisfactory report to the central government and the public [3]. Group 3: Future Directions - The meeting highlighted the need for oil and gas companies to strengthen confidence and commitment, increase investment in shale oil exploration and technological research, and enhance cost efficiency in upstream production [4]. - A systematic approach is required to boost policy support for shale oil exploration and development, ensuring project resource allocation and maximizing stakeholder engagement [4].

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) announced a share buyback plan, indicating confidence in its financial health and future prospects [1] Group 1: Company Actions - The company plans to repurchase 678,000 shares at a total cost of HKD 2.9243 million [1] - The buyback is scheduled for December 12, 2025, reflecting a strategic move to enhance shareholder value [1] Group 2: Financial Implications - The repurchase price suggests a proactive approach to managing capital and potentially improving earnings per share [1] - This action may signal to investors that the company believes its shares are undervalued in the current market [1]

Group 1 - The company is currently not planning any expansion for its liquid methionine production despite the increasing penetration rate in the market [2] - The liquid methionine project, in collaboration with Sinopec, has a capacity of 180,000 tons/year (pure basis) and began trial production in June of this year [2] - After a maintenance period in September, production has resumed, and there are no additional plans for expansion or other developments at this time [2] Group 2 - The company has not indicated any breakthroughs in high-end products, such as those with increased biological availability, within its liquid methionine segment [2]

FF305 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: China Petroleum & Chemical Corporation Date Submitted: 12 December 2025 Section I must be completed by a listed issuer where there has been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the Listing of Securities on The Sto ...