Group 1 - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) closed down 1.58% on September 22, with a trading volume of 154 million yuan [1] - The fund was established on June 26, 2024, with a management fee of 0.50% and a custody fee of 0.10% [1] - As of September 19, 2024, the fund had 4.308 billion shares and a total size of 4.373 billion yuan, reflecting a 15.00% increase in shares and a 24.88% increase in size year-to-date [1] Group 2 - The current fund managers are Gong Lili and Wang Yang, with returns of 17.76% and 4.19% respectively during their management periods [2] - The fund's top holdings include China Mobile, China Petroleum, COSCO Shipping, CNOOC, China Shenhua, Sinopec, China Telecom, China Unicom, China Merchants Bank, and China Coal Energy, with varying holding percentages [2][3] Group 3 - The top holdings and their respective percentages are as follows: - China Mobile: 10.83% - China Petroleum: 10.55% - COSCO Shipping: 9.66% - CNOOC: 9.03% - China Shenhua: 8.09% - Sinopec: 7.66% - China Telecom: 4.85% - China Unicom: 3.68% - China Merchants Bank: 2.63% - China Coal Energy: 2.57% [3]

中国石油化工股份(00386)发布公告，该公司于2025年9月22日斥资2211.61万港元回购541万股股份，每 股回购价格为4.07-4.12港元。 于同日，斥资1170.51万元人民币回购220万股A股，每股回购价格为5.31-5.36元人民币。 ...

格隆汇9月22日丨中国石油化工股份(00386.HK)发布公告，2025年9月22日耗资2211.61万港元回购541万 股，回购价格每股4.07-4.12港元。 ...

智通财经APP讯，中国石油化工股份(00386)发布公告，该公司于2025年9月22日斥资2211.61万港元回购 541万股股份，每股回购价格为4.07-4.12港元。 于同日，斥资1170.51万元人民币回购220万股A股，每股回购价格为5.31-5.36元人民币。 ...

Group 1 - The core viewpoint of the news is the performance and current status of the Hong Kong Dividend Low Volatility ETF (520890), which has seen a significant decrease in both share count and total assets in 2024 [1][2] - As of September 19, 2024, the fund's latest share count is 58.08 million, with a total size of 82.26 million yuan, reflecting a 52.84% decrease in shares and a 43.79% decrease in size compared to December 31, 2024 [1][2] - The fund's management fee is 0.50% annually, and the custody fee is 0.10% annually, with its performance benchmark being the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index [1] Group 2 - The current fund manager is Li Qian, who has managed the fund since its inception on September 4, 2024, achieving a return of 41.80% during her tenure [2] - The top holdings of the fund include Shougang Resources, Far East Horizon, Chongqing Rural Commercial Bank, and others, with the largest holding being Shougang Resources at 3.83% [2] - The fund has seen a trading volume of 394 million yuan over the last 20 trading days, with an average daily trading amount of 19.72 million yuan [1]

2025 中石油彩印 设计承印 010-80427353 2025半年度報告 中國石油天然氣股份有限公司 本报告採用中国製造环保纸印刷 （於中華人民共和國註冊成立之股份有限公司） 股份代號：857 中国石油天然气股份有限公司 | 002 | 重要提示 | | --- | --- | | 003 | 公司基本情況简介 | | 005 | 会计数据和财务指标摘要 | | 007 | 股本变动及股东情況 | | 010 | 董事会报告 | | 027 | 重要事项 | | 040 | 董事、监事、高级管理人员情況 | | 042 | 债券相关情況 | | | 财务报告 | | 044 | 按中国企业会计準則編製 | | 147 | 按国际财务报告会计準則編製 | | 176 | 备查文件 | | 177 | 董事、监事、高级管理人员书面确认 | 002 重要提示 2025年半年度报告 重要提示 半年度报告 半年度報告 2025 中國石油天然氣股份有限公司 本半年度报告载有若干涉及本集团财务状況、经营成果及业务之前 瞻性声明。由於相关声明所述情況之发生与否，非為本集团所能控制， 这些前瞻性声明在本质上具有高度风险与不 ...

Group 1 - The core objective of the training is to enhance the safety management capabilities and operational standards of the internal maintenance team and cooperating contractors in the context of maintenance operations [1][2] - The training adopts a three-dimensional model of "theoretical teaching + case discussion + on-site teaching" to ensure practical skills are rooted in the participants [2] - The training focuses on three main areas: understanding safety policies and regulations, learning from accident case studies, and developing emergency response skills [2][3] Group 2 - The training aims to achieve a dual enhancement of safety theory and practical skills for the maintenance team, reinforcing the consensus on integrated safety management between the company and contractors [3] - The company plans to continue focusing on key safety production aspects, increasing on-site supervision, and promoting deeper safety management practices to support high-quality development [3]

Core Viewpoint - The meeting held by the mayor of Jilin City, Wang Ji, at the China National Petroleum Corporation Financial Co., Ltd. Jilin Branch emphasizes the importance of financial services in supporting local economic development and the transformation of the petrochemical industry [1][2]. Group 1: Company Overview - China National Petroleum Corporation Financial Co., Ltd. is a non-bank financial institution established with the approval of the People's Bank of China, serving the main business of China National Petroleum [2]. - The Jilin Branch was established in 2008 and has played a significant role in the financial management and services for the petrochemical industry in Northeast China [2]. Group 2: Economic Contribution - The Jilin Branch has provided efficient fund settlement and precise financial services, significantly supporting the transformation and development of the local chemical industry [2]. - The mayor expressed gratitude for the company's long-term support of local economic development and encouraged it to leverage development opportunities to enhance its financial product offerings [2]. Group 3: Future Directions - The company is encouraged to expand its business in settlement, credit, and bills, and to improve the quality and efficiency of its financial services [2]. - Financial regulatory agencies and relevant departments are urged to strengthen communication with the Jilin Branch to support its business operations and enhance the standardization and safety of financial services [2].

Core Viewpoint - China's largest shale gas production base, the Sichuan Southern Shale Gas Field, has surpassed a cumulative gas production of 100 billion cubic meters, highlighting significant advancements in technology and production capacity in the shale gas sector [1] Group 1: Production Achievements - The Sichuan Southern Shale Gas Field is located in the southern Sichuan Basin, covering areas in Luzhou, Yibin, Zhaotong in Yunnan, and Yongchuan in Chongqing [1] - From January to August this year, 237 new wells were put into production, resulting in a new production capacity of 4.5 billion cubic meters and a daily output exceeding 48 million cubic meters [1] - By the end of the year, the annual production of the Sichuan Southern Shale Gas Field is expected to exceed 16 billion cubic meters, accounting for approximately 60% of China's annual shale gas production and 7% of the national natural gas output [1] Group 2: Technological Advancements - The development of the gas field has faced challenges due to deep burial and thin layers, prompting a focus on core technology advancements [1] - Key technological systems developed include geological stability evaluation technology, integrated geological engineering 3D modeling and simulation technology, development optimization technology, rapid drilling technology, and precise fracturing technology [1] Group 3: Resource and Management Developments - Since the production of China's first shale gas well, the Weiyi 201 well, the Sichuan Southern Shale Gas Field has reported proven reserves exceeding 1.5 trillion cubic meters and has over 2,300 production wells [1] - The annual production scale has surpassed 15 billion cubic meters, establishing a solid resource foundation, mature technological system, and adaptive management model, positioning it as a crucial area for increasing natural gas reserves and future production growth [1]

Core Viewpoint - The chemical industry is experiencing mixed price movements, with 33 products increasing in price, 31 decreasing, and 36 remaining stable during the week of September 15-21. The report highlights the impact of various macroeconomic factors on the industry, including oil prices and supply-demand dynamics [1][3][4]. Chemical Industry Overview - During the week of September 15-21, 40% of tracked chemical products saw a month-on-month price increase, while 47% experienced a decrease, and 13% remained stable [1][3]. - The top gainers in average weekly prices included acetic acid (East China), NYMEX natural gas, sulfur (CFR China spot price), calcium carbide (East China), and trichloroethylene (East China) [3]. - The top losers in average weekly prices were vitamin E, nitric acid (East China), epoxy chloropropane (East China), dichloromethane (East China), and polyester FDY (East China) [3]. Oil Market Dynamics - International oil prices saw a slight decline, with WTI crude oil futures closing at $62.68 per barrel (down 0.02%) and Brent crude oil futures at $66.68 per barrel (down 0.46%) [4]. - U.S. crude oil production averaged 13.482 million barrels per day, a decrease of 13,000 barrels from the previous week but an increase of 282,000 barrels year-on-year [4]. - U.S. oil demand totaled 20.637 million barrels per day, an increase of 856,000 barrels from the previous week, with gasoline demand at 8.810 million barrels per day, up 302,000 barrels [4]. Fertilizer Market Insights - Urea prices decreased, with the average market price on September 19 at 1,675 yuan per ton, down 0.95% week-on-week and 11.70% year-on-year [6]. - The average daily production of urea was 193,300 tons, an increase of approximately 5,700 tons week-on-week [6]. - The average operating load of compound fertilizer was 40.78%, showing a slight increase of 1.42 percentage points from the previous week [6]. Investment Recommendations - The SW basic chemical sector's price-to-earnings ratio (TTM) is at 25.29 times, in the 75.31% historical percentile, while the price-to-book ratio is at 2.21 times, in the 52.99% historical percentile [8]. - The SW oil and petrochemical sector's price-to-earnings ratio (TTM) is at 11.50 times, in the 23.70% historical percentile, and the price-to-book ratio is at 1.14 times, in the 19.28% historical percentile [8]. - Key investment themes include the resilience of oil prices, the growth potential in new materials, and the recovery of demand supported by policy measures [9].