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 ...

格隆汇10月15日丨中国石油化工股份(00386.HK)公布，中国石化将于2025年10月29日(星期三)召开董事 会，藉以审议并(如认为适当)批准包括中国石化2025年第三季度业绩等事宜。 ...

Core Insights - Daqing Petrochemical is effectively managing resource allocation and production organization, achieving a total crude oil processing of 250,000 tons and producing 38,000 tons of ethylene in the fourth quarter, with stable and efficient operations across all units [1][3]. Group 1: Production and Operations - The company has implemented precise measures to optimize operations, focusing on process technology management to enhance production efficiency and effectiveness [1]. - The technical team in the refining sector is actively optimizing process parameters, achieving a single furnace thermal efficiency of 93.03% and reducing fuel gas consumption by 0.3 tons per hour [1][3]. Group 2: Project Development - Daqing Petrochemical is accelerating project timelines and upgrading structures, with the 1,000 tons/year ultra-fine acrylic fiber special filament project entering the commissioning phase [3]. - Key projects such as shale oil reception facilities and light hydrocarbon purification are progressing as planned, with a focus on safety and quality control through digital monitoring and on-site supervision [3]. Group 3: Sales and Supply Chain - In response to structural changes in market demand, the company is enhancing production and sales coordination, adjusting the diesel-gasoline ratio, and optimizing product structure to ensure regional oil supply [5]. - The average daily production of high-value-added products like polyethylene and paraffin is maintained at 3,400 tons and 700 tons, respectively, with a 100% timely delivery rate for shipments since October [5].

Core Insights - The article highlights the innovative energy-saving measures implemented by the high-temperature water team at Daqing Petrochemical, led by team leader Li Guoqing, which have resulted in significant cost savings and operational efficiency improvements [1][3] Group 1: Energy Efficiency Initiatives - The high-temperature water team has successfully implemented seven "golden ideas" this year, leading to savings exceeding one million yuan [1] - A notable innovation involved using the heat from rubber condensate to replace steam heating, projected to save 2.57 million yuan in steam costs during the 2024-2025 heating season [3] - The team has optimized the E3 clean condensate line to serve as a heat source for the plate heat exchanger, further enhancing energy efficiency [3] Group 2: Leadership and Team Dynamics - Li Guoqing, recognized as a "potential excavator," has been instrumental in fostering a culture of innovation within the team, encouraging employees to think creatively and explore optimization opportunities [1][3] - The team's commitment to continuous improvement is evident in their proactive approach to monitoring and adjusting processes, ensuring that the benefits of their modifications are realized during the heating season [3]