Core Insights - The successful gas lifting operation of the 2nd storage tank at China Petroleum's Fujian LNG receiving station marks a significant milestone in the project's construction progress [1][2] - The operation utilized advanced technologies, including laser ranging and high-precision Beidou positioning systems, ensuring precise monitoring and control during the lifting process [1] Group 1: Project Details - The steel dome of the 2nd storage tank, weighing nearly 1,000 tons, was lifted to a design height of nearly 50 meters with millimeter-level precision [1] - The gas lifting operation is identified as the most complex and highest risk procedure in LNG storage tank construction [1] - A leadership team and command center were established to oversee the gas lifting process, ensuring comprehensive planning and execution [1] Group 2: Preparatory Measures - In the 20 days leading up to the lifting, the project team worked through national holidays to confirm over 100 critical conditions, including concrete strength and sealing systems [1] - A cross-industry expert team conducted multiple rounds of verification on key parameters such as meteorology, structural mechanics, and fluid dynamics [1] Group 3: Monitoring and Control Systems - The project implemented a comprehensive monitoring network using nearly 30 sets of pulley systems to create a "dynamic balancing" control system, integrating real-time data on posture, height, tilt, and pressure differences [1] - The use of drones for inspection and a command center display contributed to the overall monitoring and control of the lifting operation [1]

Core Insights - The 2025 China Petroleum and Chemical Industry Green High-Quality Development Conference was held in Guangzhou, gathering over 600 representatives from government agencies, industry associations, and academic institutions to discuss the industry's green transformation and high-quality development paths [1][3]. Group 1: Conference Outcomes - The conference presented significant outcomes including typical practice cases, an industry blue paper, and an ESG industry evaluation report, providing essential data support and practical references for green development in the industry [3]. - The "2025 Annual Comprehensive Green Transformation Typical Cases of the Petroleum and Chemical Industry" showcased 30 benchmark cases demonstrating quality practices in sustainable development [3]. - A strategic cooperation agreement was signed between Guangzhou Industrial Control Group and the China Petroleum and Chemical Industry Federation to deepen collaboration in industrial synergy, technological innovation, and green development [3]. Group 2: Industry Development Strategies - Guangzhou aims to accelerate innovation breakthroughs in key areas such as special engineering plastics and new energy battery materials, relying on first-batch new materials [4]. - The industry is encouraged to focus on five key areas: innovation-driven high-end breakthroughs, systematic thinking for green transformation, digital empowerment for intelligent upgrades, circular economy concepts for ecological structures, and standard upgrades for high-quality development [4]. - Development of corrosion control technology is emphasized as a crucial prerequisite for upgrading the petroleum and chemical industry and achieving green development [4]. Group 3: Future Events - The conference will host parallel sessions including forums on green innovation in new materials, safety and emergency industry development, and ESG investment and sustainable development, along with special promotions and industry research [5].

Core Viewpoint - China National Petroleum Corporation (CNPC) has experienced a decline in stock performance and financing activities, indicating potential challenges in its financial health and market position [1][2]. Financing Summary - On October 28, CNPC's stock fell by 0.55%, with a trading volume of 930 million yuan. The financing buy-in amounted to 67.42 million yuan, while financing repayment reached 81.97 million yuan, resulting in a net financing outflow of 14.55 million yuan [1]. - As of October 28, the total financing and securities balance for CNPC was 2.206 billion yuan, with the current financing balance of 2.184 billion yuan accounting for 0.15% of its market capitalization, which is below the 10th percentile level over the past year, indicating a low financing position [1]. - In terms of securities lending, CNPC repaid 251,500 shares and sold 163,000 shares on the same day, with a selling amount of approximately 1.4866 million yuan. The remaining securities lending volume was 2.4871 million shares, with a balance of 22.68 million yuan, exceeding the 90th percentile level over the past year, indicating a high lending position [1]. Company Overview - CNPC, established on November 5, 1999, and listed on November 5, 2007, is primarily engaged in the exploration, development, production, transportation, and sales of crude oil and natural gas, as well as renewable energy [2]. - The company's revenue composition includes refining products (69.64%), crude oil (43.27%), natural gas (39.98%), chemical products (8.78%), and other sales [2]. - For the first half of 2025, CNPC reported a revenue of 1.450 trillion yuan, a year-on-year decrease of 6.68%, and a net profit attributable to shareholders of 83.993 billion yuan, down 5.21% year-on-year [2]. Dividend and Shareholding Summary - Since its A-share listing, CNPC has distributed a total of 875.28 billion yuan in dividends, with 247.08 billion yuan distributed over the past three years [3]. - As of June 30, 2025, CNPC had 482,400 shareholders, a decrease of 8.82% from the previous period, with an average of 339,297 circulating shares per shareholder, an increase of 9.77% [2][3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 856 million shares, an increase of 358,300 shares from the previous period, while other ETFs have also increased their holdings [3].

通过天眼查大数据分析，中国石油天然气股份有限公司共对外投资了1290家企业，参与招投标项目443 次；财产线索方面有商标信息107条，专利信息43894条；此外企业还拥有行政许可168个。 证券之星消息，根据天眼查APP数据显示中国石油（601857）新获得一项发明专利授权，专利名为"一 种厚层状底水普通稠油油藏井网结构调整方法"，专利申请号为CN202310949832.7，授权日为2025年10 月28日。 数据来源：天眼查APP 专利摘要：本发明提供一种厚层状底水普通稠油油藏井网结构调整方法，步骤包括：根据油藏剩余油含 油饱和度以及油井的测井解释结果，判断本井区油藏含水上升原因及各油井井间剩余油富集情况；根据 剩余油含油饱和度计算井区各直井纵向上不同深度的理论水锥半径和各水平井纵向上不同深度的理论水 脊半径；采用油藏动态分析方法做出该井区油井纵向水淹动态剖面图，应用数值模拟确定剩余油富集区 油水分布，进而确定剩余油类型；根据剩余油类型，利用数值模拟确定井网参数，依据井网参数开展井 网结构调整；根据确定的井网参数调整水平井生产参数。本发明能够更加准确、精细地描述剩余油分 布，有效减缓区块含水上升速度，提高 ...

Core Insights - China National Petroleum Corporation (CNPC) has recently obtained a new invention patent titled "A Method and Device for Predicting In-Situ Fracture Initiation under Overpressure Fluid," with the application number CN202311236316.6 and an authorization date of October 28, 2025 [1] - The patent involves a method to calculate the in-situ fracture initiation based on overburden pressure and normal compaction pore pressure at a predicted depth point [1] - In 2023, CNPC has received a total of 1,435 patent authorizations, representing a decrease of 16.96% compared to the same period last year [1] R&D Investment - In the first half of 2023, CNPC invested CNY 9.899 billion (approximately USD 1.4 billion) in research and development, which is a year-on-year increase of 2.51% [1] Company Activities - CNPC has made investments in 1,290 enterprises and participated in 443 bidding projects [1] - The company holds 107 trademark registrations and has a total of 43,894 patent records [1] - Additionally, CNPC possesses 168 administrative licenses [1]

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has recently obtained a new patent for a transmission lubricant composition, which demonstrates excellent extreme pressure properties and outstanding copper corrosion protection performance [1][2] Group 2 - The newly authorized patent is titled "A Transmission Lubricant Composition and Its Preparation and Application," with the application number CN202310742975.0, and the authorization date set for October 28, 2025 [1] - The lubricant composition includes various components such as phosphorus-containing agents, thiocarboxylic ester additives, antioxidants, and base oil, with specific proportions detailed in the patent [1] - In 2023, CNPC has received a total of 1,435 patent authorizations, which is a decrease of 16.96% compared to the same period last year [2] - The company invested 9.899 billion yuan in research and development in the first half of the year, reflecting a year-on-year increase of 2.51% [2] - CNPC has made investments in 1,290 enterprises and participated in 443 bidding projects, showcasing its active engagement in the market [2]

今年以来中国石油新获得专利授权1435个，较去年同期减少了16.96%。结合公司2025年中报财务数 据，今年上半年公司在研发方面投入了98.99亿元，同比增2.51%。 通过天眼查大数据分析，中国石油天然气股份有限公司共对外投资了1290家企业，参与招投标项目443 次；财产线索方面有商标信息107条，专利信息43894条；此外企业还拥有行政许可168个。 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。 证券之星消息，根据天眼查APP数据显示中国石油（601857）新获得一项发明专利授权，专利名为"一 种陆相含油气盆地有利成藏区带多因素定量评价方法"，专利申请号为CN202110842222.8，授权日为 2025年10月28日。 专利摘要：一种陆相含油气盆地有利成藏区带多因素定量评价方法属于油气资源综合评价技术领域。该 方法以油气成藏六大要素"生、储、盖、运、圈、保"的多地质因素为研究核心，建立油气成藏的动态过 程，通过以已发现油藏为标定，对地质参数的权重赋值，通过计算机算法实现成藏有利区带定量评价计 算 ...

Core Viewpoint - The Guangfa CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520900) has experienced a decline in both share count and total assets in 2024, indicating potential challenges in attracting investor interest [1][2]. Fund Overview - The fund was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of October 27, 2024, the fund's total share count is 1.593 billion shares, with a total asset size of 1.703 billion yuan [1]. - The fund's share count has decreased by 36.42% and total assets by 26.58% since December 31, 2024 [1]. Liquidity Analysis - Over the last 20 trading days, the fund has accumulated a total trading volume of 1.108 billion yuan, averaging 55.42 million yuan per day [1]. - Year-to-date, the fund has seen a total trading volume of 18.107 billion yuan, with an average daily trading volume of 91.92 million yuan across 197 trading days [1]. Fund Management - The current fund managers are Huo Huaming and Lü Xin, with respective management periods yielding returns of 8.60% and 22.17% [2]. - Huo Huaming has managed the fund since its inception, while Lü Xin is set to manage it starting April 30, 2025 [2]. Top Holdings - The fund's major holdings include: - China Petroleum & Chemical Corporation (10.86% holding) - China Mobile (10.32% holding) - China Shenhua Energy (9.70% holding) - CNOOC Limited (9.52% holding) - COSCO Shipping Holdings (8.42% holding) - China Petroleum & Chemical Corporation (7.40% holding) - China Telecom (4.53% holding) - China Unicom (3.44% holding) - China Coal Energy (2.59% holding) - China Resources Land (2.22% holding) [2][3].

Core Points - The Hang Seng Index fell by 87.56 points, a decrease of 0.33%, closing at 26,346.14 points [1] - The total turnover on the main board was HKD 242.7 billion [1] - The Hang Seng China Enterprises Index dropped by 91.43 points, closing at 9,375.79 points, a decline of 0.97% [1] - The Hang Seng Tech Index decreased by 77.64 points, closing at 6,093.44 points, a drop of 1.26% [1] Blue Chip Stocks - Tencent Holdings fell by 1.68%, closing at HKD 645 [1] - Hong Kong Exchanges and Clearing decreased by 0.41%, closing at HKD 432.4 [1] - China Mobile rose by 0.41%, closing at HKD 85.55 [1] - HSBC Holdings increased by 4.41%, closing at HKD 106.5 [1] Local Hong Kong Stocks - Cheung Kong Holdings rose by 1.15%, closing at HKD 38.86 [1] - Sun Hung Kai Properties increased by 0.74%, closing at HKD 95.8 [1] - Henderson Land Development fell by 0.14%, closing at HKD 28.22 [1] Chinese Financial Stocks - Bank of China rose by 0.45%, closing at HKD 4.44 [1] - China Construction Bank increased by 0.25%, closing at HKD 7.9 [1] - Industrial and Commercial Bank of China fell by 0.33%, closing at HKD 6.06 [1] - Ping An Insurance rose by 0.27%, closing at HKD 56.15 [1] - China Life Insurance decreased by 0.71%, closing at HKD 25.04 [1] Oil and Petrochemical Stocks - China Petroleum & Chemical Corporation fell by 0.24%, closing at HKD 4.22 [1] - China National Petroleum Corporation rose by 0.13%, closing at HKD 8 [1] - CNOOC Limited decreased by 0.55%, closing at HKD 19.95 [1]

Core Insights - The revival of the Jing**-**well, which had been inactive for 337 days due to wellbore issues, marks a significant achievement for the Changqing Oilfield's first gas production plant, with current daily output stabilizing at 20,000 cubic meters [1][4] - The plant has established a special task force for the recovery of long-dormant wells, focusing on revitalizing "sleeping reserves" as a key strategy for increasing production [1][3] Group 1: Recovery Strategies - The recovery of long-dormant wells was prioritized as an annual key task, with 502 dormant wells reviewed and 342 selected for targeted recovery based on remaining reserves and recovery conditions [3] - Techniques such as pressure maintenance work, oil pipe perforation, and nitrogen gas lifting have been successfully implemented in wells like Jing77-62H1, showcasing effective technical recovery methods [3] Group 2: Tailored Approaches - A categorized treatment approach was adopted, with specific recovery plans tailored to individual well conditions, ensuring efficient and effective recovery [3] - The plant has added 144 dormant wells to its recovery plan from March to September, with 117 wells already having recovery plans established [3] Group 3: Long-term Stability - The plant emphasizes the importance of not only reviving wells but also maintaining their production, implementing strict management and monitoring protocols [4] - As of October 24, the plant has successfully restored 440 dormant wells, contributing a total gas output of 609 million cubic meters, transforming previously inactive assets into substantial production support [4]