Core Insights - The Hong Kong High Dividend ETF (159302) closed up 1.30% on October 16, with a trading volume of 14.12 million yuan [1] - The fund was established on August 23, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 15, 2024, the fund's latest share count was 84.80 million, with a total size of 111 million yuan, reflecting a decrease of 22.06% in shares and 8.55% in size since December 31, 2024 [1] Fund Performance - The current fund manager, Zhang Yichi, has managed the fund since its inception, achieving a return of 28.93% during his tenure [2] - The fund's performance benchmark is the China Securities Hong Kong Stock Connect High Dividend Investment Index [1] Holdings Overview - Major holdings in the fund include: - COSCO Shipping Holdings (8.68% of holdings) - Yancoal Australia (6.17%) - Seaspan Corporation (4.28%) - Orient Overseas International (4.23%) - Minsheng Bank (4.22%) - CITIC Bank (4.07%) - China Petroleum (3.41%) - Guotai Junan Securities (3.41%) - Agricultural Bank of China (3.30%) - CNOOC (3.19%) [2]

Core Insights - The successful drilling of the China Petroleum Deep Earth Sichuan 1 well, which has surpassed a depth of 10,000 meters, marks a significant advancement in China's exploration of deep earth energy resources [1][2] - The well is the first scientific exploration well in the Sichuan Basin to reach such depths, aimed at addressing scientific blind spots and enhancing original technology for oil and gas exploration [1] Group 1: Geological and Technical Achievements - The well has penetrated 23 geological layers and reached the 5.4 billion-year-old Sinian strata, entering the previously unexplored "no man's land" of the Sichuan Basin [1] - The drilling process faces extreme conditions, including temperatures exceeding 200 degrees Celsius and pressures over 130 MPa, which traditionally were considered barriers to oil and gas accumulation [1] - Analysis of core samples from depths over 9,500 meters indicates favorable reservoir conditions, revealing significant exploration potential in the region [1] Group 2: Technological Innovations - China Petroleum Southwest Oil and Gas Field Company has mobilized engineering expertise to tackle challenges related to efficient rock breaking, drilling tool safety, and well control [2] - The company has developed over ten advanced technologies, including a 15,000-meter intelligent drilling rig and high-temperature resistant drilling fluids, enhancing its international competitiveness in oil and gas exploration [2] - The Deep Earth Sichuan 1 well has already led to two major oil and gas discoveries, expanding the resource base in the Sichuan Basin [2] Group 3: Strategic Importance - The deep earth exploration project is likened to the lunar exploration program, highlighting its significance for national technology and resource strategy [2]

Core Insights - China National Petroleum Corporation (CNPC) has recently registered a new software copyright for "Quantitative Analysis Software for Micro Distribution of Crude Oil V1.0" [1] - In 2023, CNPC registered a total of 521 software copyrights, representing a year-on-year increase of 12.53% [1] - For the first half of 2023, CNPC invested 9.899 billion yuan in research and development, which is a 2.51% increase compared to the same period last year [1] Investment and Business Activities - CNPC has made investments in a total of 1,289 enterprises and participated in 443 bidding projects [1] - The company holds 107 trademark registrations and 32,993 patents, indicating a strong intellectual property portfolio [1] - CNPC has obtained 168 administrative licenses, reflecting its compliance and operational capabilities [1]

Summary of Key Points Core Viewpoint - China Petroleum (601857) reported a closing price of 8.29 yuan on October 15, 2025, reflecting a decrease of 0.48% with a trading volume of 1.4668 million lots and a total transaction value of 1.214 billion yuan [1]. Trading Information - On October 15, the net inflow of main funds was 26.096 million yuan, accounting for 2.15% of the total transaction value - The net inflow of speculative funds was 40.3811 million yuan, representing 3.33% of the total transaction value - Retail investors experienced a net outflow of 66.4771 million yuan, which constituted 5.47% of the total transaction value [1][2]. Company Announcements - China Petroleum announced that its board of directors will hold a meeting on October 30, 2025, to review and approve the performance report for the three months ending September 30, 2025 [1][2].

Core Viewpoint - China National Petroleum Corporation (CNPC) Shanghai New Materials Research Institute aims to attract high-level scientific research talent globally to innovate in the chemical new materials industry [1][3]. Group 1: Institute Overview - Established in December 2021, the CNPC Shanghai Institute focuses on ensuring national energy security and advancing the petrochemical new materials sector [1]. - The institute aspires to become a leading research hub for new materials technology and original technology sources, aligning with international standards and national strategies [1][3]. Group 2: Recruitment and Talent Acquisition - The institute is implementing a global recruitment initiative for senior researchers, researchers, and senior R&D engineers, requiring a PhD and 5 to 10 years of relevant work experience [8]. - The recruitment covers various departments, including advanced materials, special engineering materials, application development, high-performance fibers, and high-end elastomers [9][10][11][12][13][15]. Group 3: Research and Development Facilities - The new R&D center building has been completed and is equipped with state-of-the-art research facilities, laboratories, and office spaces, providing a comprehensive support system for researchers [4]. Group 4: Compensation and Benefits - The institute offers a competitive market-oriented compensation system, including supplementary provident fund, corporate annuity, and supplementary medical insurance, ensuring the professional development and quality of life for employees [7].

Core Viewpoint - China Petroleum Group Capital Co., Ltd. is enhancing its financial services and investment strategies to support the growth of the China Petroleum Group and its subsidiaries, focusing on integrated financial solutions and strategic investments in emerging industries [2][3][4]. Group 1: Company Overview and Strengths - China Petroleum Group Capital serves as the internal bank and treasury platform for China Petroleum Group, providing comprehensive financial services with a high level of recognition in the industry [2]. - The company has established a unique position in the market as the only financial company within the industry with overseas subsidiaries, enhancing its service capabilities [2]. - Kunlun Bank, backed by strong shareholders, is advancing its industrial finance strategy and focusing on the development of online products to improve customer service [2]. Group 2: Competitive Advantages and Strategic Focus - The company leverages its multiple financial licenses and the complete energy and chemical industry chain of China Petroleum Group to create unique advantages in industrial finance [3]. - The focus is on integrating finance with production, promoting collaboration, and enhancing core functions to build a leading financial service enterprise both domestically and internationally [3]. - A value management framework has been established, linking market value assessment to management performance, and a "Quality Return Dual Improvement" action plan has been initiated to enhance company quality [3]. Group 3: Investment Strategies - In June 2025, the company invested its own funds into Kunlun Capital to support controllable nuclear fusion projects, aiming to identify strategic investment opportunities in emerging industries [4]. - The investment strategy is centered on promoting technological transformation and creating new growth avenues for the high-quality development of China Petroleum Group [4].

Core Points - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed up 1.73% on October 15, with a trading volume of 78.84 million yuan [1] - The fund was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 14, the fund had a total of 336 million shares and a total size of 331 million yuan [1] - Over the past 20 trading days, the fund's cumulative trading amount reached 1.084 billion yuan, with an average daily trading amount of 54.22 million yuan [1] - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -1.76% during the management period [1] Holdings Summary - The top holdings of the Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) [2] - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) [2] - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) [2] - China National Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) [2] - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) [2] - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) [2] - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) [2] - China People's Insurance Group (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) [2] - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) [2] - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2]

董事會會議通知 中國石油天然氣股份有限公司（「本公司」）董事會（「董事會」）僅此宣佈，董事會將 於二零二五年十月三十日（星期四）以書面方式召開董事會會議，藉以（其中包括）審議及批 准本公司及其附屬公司截至二零二五年九月三十日止三個月之業績及其發佈。 承董事會命 中國石油天然氣股份有限公司 公司秘書 王華 中國北京 2025 年 10 月 15 日 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚 賴該等內容而引致的任何損失承擔任何責任。 中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （於中華人民共和國註册成立之股份有限公司） (股份代號：857) 於本公告日，本公司董事會由戴厚良先生擔任董事長，由段良偉先生及謝軍先生擔任非執行董 事，由任立新先生及張道偉先生擔任執行董事，由蔣小明先生、何敬麟先生、閻焱先生、劉曉 蕾女士及張玉新先生擔任獨立非執行董事。 ...

Core Viewpoint - China Petroleum & Chemical Corporation (00857.HK) announced that its board of directors will convene a written meeting on October 30, 2025, to review and approve the company's performance for the three months ending September 30, 2025 [1] Summary by Category - **Company Announcement** - The board meeting is scheduled for October 30, 2025, to discuss the performance of the company and its subsidiaries [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而産生或因倚 賴該等內容而引致的任何損失承擔任何責任。 中國石油天然氣股份有限公司（「本公司」）董事會（「董事會」）僅此宣佈，董事會將 於二零二五年十月三十日（星期四）以書面方式召開董事會會議，藉以（其中包括）審議及批 准本公司及其附屬公司截至二零二五年九月三十日止三個月之業績及其發佈。 承董事會命 中國石油天然氣股份有限公司 公司秘書 王華 中國北京 2025 年 10 月 15 日 於本公告日，本公司董事會由戴厚良先生擔任董事長，由段良偉先生及謝軍先生擔任非執行董 事，由任立新先生及張道偉先生擔任執行董事，由蔣小明先生、何敬麟先生、閻焱先生、劉曉 蕾女士及張玉新先生擔任獨立非執行董事。 中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （於中華人民共和國註册成立之股份有限公司） (股份代號：857) 董事會會議通知 ...