Group 1 - The announcement regarding the appointment of the president of China National Petroleum Corporation has been released [1]

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冊成立之股份有限公司 ） (股份代號：857) 董事名單與其角色和職能 中國石油天然氣股份有限公司董事會（「董事會」）成員載列如下： 董事長：戴厚良 非執行董事： 段良偉 謝軍 執行董事： 任立新 張道偉 獨立非執行董事： 蔣小明 何敬麟 閻焱 劉曉蕾 張玉新 - 1 - 董事會下設 5 個委員會，下表提供若干董事會成員在這些委員會中所擔任的職位： | 委員會 | 提名委員會 | 審計委員會 | 投資與發展 | 考核與薪酬 | 可持續發展 | | --- | --- | --- | --- | --- | --- | | 董事 | | | 委員會 | 委員會 | 委員會 | | 戴厚良 | C | | | | | | 段良偉 | | M | | M | | | 謝軍 | | | M | | | | 任立新 | | | M | | C | | 張道偉 | | | | | M | | 蔣小明 | M | M | | | | | 何敬麟 | M | | | M | | | 閻焱 | | | M | | | | 劉 ...

证券代码 601857 证券简称 中国石油 公告编号 临 2025-027 中国石油天然气股份有限公司 第九届董事会 2025 年第一次临时会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国石油天然气股份有限公司（以下简称公司）董事会于2025年9月 28日向公司全体董事发出会议通知，以书面方式召开第九届董事会2025 年第一次临时会议，并于2025年9月30日形成有效决议。本次会议符合《中 华人民共和国公司法》和《中国石油天然气股份有限公司章程》的规定， 合法、有效。 二、董事会会议审议情况 公司董事审议了以下议案，并形成如下决议： （一）审议通过《关于选举公司董事的议案》； 董事会同意推荐周心怀先生（简历请见附件）为董事候选人。 议案表决情况：同意10票，反对0票，弃权0票。 本议案已经公司董事会提名委员会审议通过，并同意提交董事会审 议。本议案需提交公司股东会审议。 （二）审议通过《关于调整董事会专门委员会成员的议案》； 1 董事会同意任立新先生为可持续发展委员会主任委员、投资与发 ...

中国石油9月30日公告，公司董事会同意聘任任立新担任公司总裁，任期与第九届董事会任期一致。 ...

任立新先生的简历详见附件。 特此公告。 中国石油天然气股份有限公司董事会 证券代码 601857 证券简称 中国石油 公告编号 临 2025-028 中国石油天然气股份有限公司 关于聘任公司总裁的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国石油天然气股份有限公司（以下简称公司）以书面方式召开第 九届董事会2025年第一次临时会议，并于2025年9月30日形成有效决议， 审议并通过了《关于聘任公司总裁的议案》，董事会同意聘任任立新先 生担任公司总裁，任期与第九届董事会任期一致。公司独立非执行董事 对《关于聘任公司总裁的议案》表示同意。 二〇二五年九月三十日 附件： 任立新先生简历 任立新，58岁，现任公司董事、高级副总裁，中国石油集团公司党 组成员、副总经理、安全总监。任先生是正高级工程师，大学文化。2003 年9月起历任独山子石化分公司党委委员、总工程师、副总经理、总经理、 党委副书记、安全总监，公司炼油与化工分公司总经理、党委副书记等 职务。2021年6月任中国石油集团公司党组成员、副总经理。2021年8月 被 ...

Group 1 - The core viewpoint indicates that the chemical industry is experiencing mixed performance, with some products seeing price increases while others decline, influenced by external factors such as the Federal Reserve's interest rate cuts and geopolitical tensions [1][2] - Key products with significant price increases this week include synthetic ammonia (up 8.58%), lithium battery electrolyte (up 5.71%), and aniline (up 3.90%), while natural gas saw a notable decline of 7.90% [1][2] - The overall chemical industry remains weak, with varying performance across sub-sectors, largely due to past capacity expansions and weak demand, although some sectors like lubricants are performing better than expected [2] Group 2 - Investment opportunities are suggested in areas such as glyphosate, fertilizers, import substitution, domestic demand, and high-dividend assets [2] - Specific recommendations include focusing on the glyphosate sector, which is showing signs of recovery, and selecting companies with strong competitive positions and growth potential, such as Ruifeng New Materials and Baofeng Energy [2] - The report emphasizes the importance of domestic demand in the chemical industry, particularly for nitrogen and phosphate fertilizers, with companies like Hualu Hengsheng and China Heartlink Fertilizer being highlighted for their robust market positions [2]

Group 1 - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) closed down 0.20% on September 30, with a trading volume of 34.36 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 September 29, the latest share count for the ETF was 344 million shares, with a total size of 336 million yuan [1] Group 2 - The ETF's recent trading activity shows a cumulative trading amount of 943 million yuan over the last 20 trading days, with an average daily trading amount of 47.14 million yuan [1] - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -3.47% during the management period [1] - The ETF's major holdings include COSCO Shipping Holdings, Orient Overseas International, China Foreign Transport, China Petroleum, CITIC Bank, CNOOC, China Shenhua Energy, China Pacific Insurance, China Unicom, and Agricultural Bank of China, with respective holding percentages [2]

智通财经APP讯，中国石油化工股份(00386)发布公告，于2025年9月30日该公司斥资人民币1851万元回 购350万股，回购价格为每股人民币5.28-5.30元。 该信息由智通财经网提供 ...

Investment Rating - The report maintains a "Buy" rating for both A-shares and H-shares of China Petroleum [6]. Core Views - The newly confirmed reserves of 158 million tons in the Daqing Gulong shale oil demonstration area provide a resource guarantee for shale oil development, marking a leap in the area's development [2]. - China Petroleum is leading the shale oil revolution in China, with production expected to exceed 6.8 million tons by 2025, reflecting a growth rate of over 33% [3]. - The company is committed to high capital expenditure, with a planned upstream capital expenditure of 210 billion yuan for 2025, ensuring the growth of production and reserves [4]. Summary by Sections Production and Reserves - The Daqing Gulong shale oil demonstration area has achieved a daily production of over 3,500 tons, transitioning rapidly from "confirmed reserves" to "effective development" [2]. - The area has drilled 398 horizontal wells and produced over 1.4 million tons of oil to date, with production expected to exceed 400,000 tons in 2024, doubling for three consecutive years [2]. Financial Forecasts - The projected net profit for China Petroleum is 166.1 billion yuan in 2025, with earnings per share (EPS) of 0.91 yuan [5]. - Revenue is expected to decline slightly from 30,110 billion yuan in 2023 to 28,981 billion yuan in 2025, with a revenue growth rate of -1.36% [5]. Valuation Metrics - The report forecasts a price-to-earnings (P/E) ratio of 9.0 for A-shares in 2025, indicating a stable valuation outlook [5]. - The return on equity (ROE) is projected to decrease from 11.14% in 2023 to 10.41% in 2025, reflecting a slight decline in profitability [13]. Strategic Initiatives - China Petroleum aims to enhance its value creation capabilities by accelerating the transformation of its refining and chemical businesses, focusing on low-cost oil conversion and high-value products [4]. - The company plans to establish 3 to 5 large-scale production demonstration areas by the end of the 14th Five-Year Plan, further solidifying its position in the shale oil sector [3].

中国石油化工股份(00386)发布公告，于2025年9月30日该公司斥资人民币1851万元回购350万股，回购 价格为每股人民币5.28-5.30元。 ...