Core Insights - A total of 30 companies conducted share buybacks on November 26, 2025, with Tencent Holdings (00700) leading in both the number of shares repurchased and the total amount spent [1][2] Group 1: Buyback Details - Tencent Holdings repurchased 1.022 million shares for a total of 636 million [2] - Xiaomi Group-W (01810) repurchased 7.5 million shares for 301 million, representing 0.230% of its total share capital [2] - Midea Group (00300) repurchased 126,630 shares for approximately 99.995 million [2] - SF Holding (06936) repurchased 128,030 shares for about 50.16 million [2] - China Petroleum & Chemical Corporation (00386) repurchased 11 million shares for 48.64 million, which is 0.160% of its total share capital [2] Group 2: Other Notable Buybacks - Kuaishou-W (01024) repurchased 400,000 shares for 27.49 million, accounting for 0.128% of its total share capital [2] - Vitasoy International (00345) repurchased 3.962 million shares for 26.62 million, representing 0.951% of its total share capital [2] - Mengniu Dairy (02319) repurchased 200,000 shares for 2.95 million, which is 0.696% of its total share capital [2] - Other companies such as NetDragon (00777), China Feihe (06186), and others also participated in the buyback activities, with varying amounts and percentages of total share capital [2]

Core Viewpoint - BASF and Sinopec's subsidiary signed a strategic cooperation agreement to promote the large-scale application of biogas in Nanjing, accelerating the low-carbon transformation of production operations [2][4]. Group 1: Strategic Collaborations - BASF, Sinopec Natural Gas Company, and Yangzi Petrochemical-BASF will work together to utilize ISCC+ certified biogas as a sustainable raw material to reduce carbon footprints in production [4]. - BASF and ExxonMobil signed a joint development agreement to advance methane pyrolysis technology, aiming to produce low-carbon hydrogen and solid carbon [5]. Group 2: Biogas Industry Overview - Biogas, primarily derived from organic waste through anaerobic fermentation, is a renewable fuel that meets conventional natural gas standards [5][8]. - The global biogas industry is led by Europe, with over 1,600 projects producing 5.5 billion cubic meters, accounting for 45% of global output [7][8]. - The U.S. is the largest producer of biogas, with a projected output of 2.2 billion cubic meters in 2024, representing 18% of global production [8]. Group 3: Market Potential and Trends - China's annual production of biogas is only 500 million cubic meters, indicating significant growth potential compared to the biomass resource generation of 45.3 billion tons [8]. - The industry is shifting towards using biogas for producing higher-value chemicals, such as hydrogen, methanol, and sustainable aviation fuel (SAF) [8][10]. Group 4: Challenges and Future Outlook - The biogas sector faces challenges such as high collection and transportation costs, fragmented supply chains, and reliance on imported technology for purification [11]. - With policy support and technological advancements, the biogas market is expected to transition from being policy-driven to meeting genuine market demand [11].

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） | | --- | --- | --- | --- | --- | | 2025.11.26 | 1100.00 | 4.440 | 4.410 | 4863.87 | | 2025.11.25 | 26.60 | 4.370 | 4.370 | 116.24 | | 2025.11.24 | 405.40 | 4.450 | 4.370 | 1778.61 | | 2025.11.21 | 825.00 | 4.560 | 4.420 | 3677.77 | | 2025.11.20 | 800.00 | 4.600 | 4.550 | 3658.40 | | 2025.11.19 | 609.20 | 4.640 | 4.440 | 2775.64 | | 2025.11.18 | 553.20 | 4.480 | 4.420 | 2453.55 | | 2025.11.17 | 378.80 | 4.440 | 4.390 | 1673.84 | | 2025.11.14 | ...

中国石油化工股份(00386)发布公告，于2025年11月26日，该公司斥资4863.87万港元回购1100万股股 份，每股回购价4.41-4.44港元。 ...

Group 1 - The State Intellectual Property Office of China has granted a patent to China Petroleum & Chemical Corporation and Sinopec Petroleum Exploration Technology Research Institute for a method and device for processing contiguous data [1] - China Petroleum & Chemical Corporation, established in 2000, is primarily engaged in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [1] - The company has invested in 268 enterprises, participated in 5,000 bidding projects, and holds 45 trademark registrations and 5,000 patents [1] Group 2 - Sinopec Petroleum Exploration Technology Research Institute, founded in 2022, focuses on extraction and auxiliary activities, with a registered capital of approximately 133.61 million RMB [1] - The institute has invested in 2 enterprises, participated in 401 bidding projects, and holds 801 patents [1] - Additionally, the institute has obtained 14 administrative licenses [1]

中化新网讯 11 月 18 日 至 19 日 ，中国石化联工会联合会首次工会干部培训班在北京举办，旨在提 升基层工会领导干部的业务素养和服务能力，强化工会干部履职能力，来自全系统 40 多家单位的近百 名工会干部代表参加了培训。会议由中国石化联工会联合会副主席叶皓主持。 学员们纷纷表示，本次培训内容丰富、课程实用、形式多样，解决了很多实际工作中的问题和困 惑，为未来加强基层工会的理论知识水平，规范工会组织建设，创新工作思路和提升服务效能提供了有 力指导。 图为培训现场。 （顾先丽 摄） 中国石化联工会联合会主席孙秋宏在开班致辞中表示，全系统的工会工作坚持在全国性行业协会商 会工会联合会和中国石化联党委的领导下与时俱进、守正创新。工会组织作为党联系职工群众的桥梁和 纽带，要坚持党的全面领导，立足行业，服务大局，深刻领会新时代工会工作的重大使命；要聚焦主 业，勇于担当，在推动行业高质量发展中奋力开创工会工作新局面；要锤炼本领，淬炼作风，以过硬素 质提升工会干部队伍履职能力。 培训会上，中国劳动关系学院工会学院潘泰萍院长、范丽娜副教授"、十佳教师"刘东生等分别 就"学习贯彻党的二十届四中全会精神，推动工会工作创新发 ...

Core Insights - The China Petroleum & Chemical Corporation (Sinopec) has successfully implemented the 45MPa high-pressure hydrogen storage well technology at its integrated hydrogen refueling station in Chongqing, marking a significant breakthrough in high-pressure underground hydrogen storage technology and commercial operation in China [1][2]. Group 1: Technology and Innovation - The underground hydrogen storage solution addresses the challenges of hydrogen storage in mountainous cities, saving approximately two-thirds of the land area compared to traditional ground storage facilities [2]. - The 45MPa high-pressure hydrogen storage well is innovatively designed to be vertically buried underground, providing a new solution for hydrogen infrastructure in similar regions [2]. - The technology has received three national patents and has been included in the 2024 Chongqing major technological equipment promotion directory [2]. Group 2: Operational Efficiency - The integrated hydrogen refueling station has been in safe and stable operation for over 1,500 days, supplying more than 400 tons of hydrogen [1]. - The station has a daily hydrogen supply capacity of 1,000 kilograms, sufficient to meet the refueling needs of approximately 100 hydrogen fuel cell vehicles [2]. - Refueling a vehicle with 12 kilograms of hydrogen takes only 10 minutes, with a cost of 25 yuan per kilogram, allowing for a driving range of about 550 kilometers per full tank [2]. Group 3: Supply Chain and Infrastructure - The hydrogen source for the station is derived from the by-product hydrogen from Sinopec's Chuanwei Chemical, which is purified to 99.999% purity and transported through a complete localized supply chain [5]. - The supply chain includes hydrogen production, purification, transportation, and refueling, providing solid support for the construction of the "Hydrogen Corridor" in the Chengdu-Chongqing region [5].

智通财经APP讯，中国石油化工股份(00386)发布公告，于2025年11月26日，该公司斥资4863.87万港元 回购1100万股股份，每股回购价4.41-4.44港元。 ...

格隆汇11月26日丨中国石油化工股份(00386.HK)发布公告，2025年11月26日耗资4864万港元回购1100万 股，回购价格每股4.41-4.44港元。 ...

呈交日期： 2025年11月26日 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 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 | 股份類別 | H | | 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 ...