Core Viewpoint - China National Petroleum Corporation (CNPC) is committed to implementing the important speeches made by President Xi Jinping during his visit to Hebei and Xiong'an New Area, focusing on national strategic goals and enhancing business development in Hebei [1] Group 1: Company Initiatives - CNPC Chairman Dai Houliang expressed gratitude to the Hebei provincial government for its long-term support of CNPC's operations in the region [1] - The company aims to ensure natural gas supply and contribute to the construction of an energy powerhouse while promoting high-quality economic and social development in Hebei [1] Group 2: Government Collaboration - Hebei Vice Governor Zhao Chenxin emphasized the province's commitment to strengthening communication and cooperation with CNPC to meet public gas demand [1] - Both parties aim to consolidate existing cooperation and achieve mutually beneficial development [1]

Core Viewpoint - The report highlights a decline in China's petroleum coke production, indicating potential challenges for companies in the industry and suggesting a need for strategic adjustments to navigate the changing market landscape [1]. Industry Summary - According to the National Bureau of Statistics, China's petroleum coke production in November 2025 was 2.6 million tons, representing a year-on-year decrease of 2.3% [1]. - Cumulatively, from January to November 2025, China's petroleum coke production totaled 28.77 million tons, reflecting a decline of 3.9% compared to the previous year [1]. - The report from Zhiyan Consulting provides an analysis of the development trends and investment potential in the petroleum coke industry from 2026 to 2032, emphasizing the importance of understanding market dynamics for future investments [1]. Company Summary - Listed companies mentioned include Huajin Co., Ltd. (000059), Yuanxing Energy (000683), Shanghai Petrochemical (600688), Huaxi Energy (002630), Wanhua Chemical (600309), Hengli Petrochemical (600346), Rongsheng Petrochemical (002493), Xin'ao Co., Ltd. (600803), and China National Petroleum Capital (000617), all of which may be affected by the trends in petroleum coke production [1].

Group 1 - The State Intellectual Property Office of China shows that China National Petroleum Corporation (CNPC), China National Petroleum Group Marine Engineering Co., Ltd., and China National Petroleum Group Marine Engineering (Qingdao) Co., Ltd. have applied for a patent titled "Quality Control Method for Prefabrication and Welding of Skirt Piles Applicable to Deepwater Jacket Structures," published under CN121267444A, with an application date of December 2024 [1] - The patent pertains to the field of welding technology and introduces a method for quality control in the prefabrication and welding of skirt piles, which consist of more than N conduits, where N is greater than or equal to 2. The method includes steps such as building a prefabrication platform, layered splicing, and full splicing of conduits, aimed at reducing the number of components and assembly time while ensuring structural strength and improving installation and welding efficiency [1] Group 2 - CNPC was established in 1990 and is based in Beijing, primarily engaged in oil and gas extraction. The company has a registered capital of 48.69 billion RMB and has invested in 107 enterprises, participated in 5,000 bidding projects, and holds 1,447 trademark records and 5,000 patent records [2] - China National Petroleum Group Marine Engineering Co., Ltd. was founded in 2004, also located in Beijing, with a registered capital of 659.353 million RMB. The company has invested in 4 enterprises, participated in 1,983 bidding projects, and holds 16 trademark records and 521 patent records [2] - China National Petroleum Group Marine Engineering (Qingdao) Co., Ltd. was established in 2006 in Qingdao, focusing on general equipment manufacturing, with a registered capital of 500 million RMB. The company has participated in 580 bidding projects and holds 68 patent records [2]

Group 1 - The State Intellectual Property Office of China shows that China National Petroleum Corporation, Beijing Petroleum Machinery Co., Ltd., and China Petroleum Group Kunlun Manufacturing Co., Ltd. have applied for a patent titled "A Precision Unclogging Device and Unclogging Method," with publication number CN121273248A, and application date of July 2024 [1] - The patent pertains to drilling technology in the oil and gas sector, proposing a precision unclogging device that includes a housing, power module, anchoring module, vibration module, and a sound wave transceiver module [1] - The sound wave transceiver module is designed to emit and receive sound signals to identify the location of clogging points in the drill string, controlling the activation and deactivation of the anchoring and vibration modules [1] Group 2 - China National Petroleum Corporation, established in 1990, is primarily engaged in oil and gas extraction, with a registered capital of 48.69 billion RMB [2] - The company has made investments in 107 enterprises, participated in 5,000 bidding projects, and holds 1,447 trademark records and 5,000 patent records [2] - Beijing Petroleum Machinery Co., Ltd., founded in 1955, focuses on automotive manufacturing, with a registered capital of approximately 4.48 billion RMB [2] - The company has invested in 3 enterprises, participated in 809 bidding projects, and holds 20 trademark records and 991 patent records [2] - China Petroleum Group Kunlun Manufacturing Co., Ltd., established in 2023, is involved in the oil, coal, and other fuel processing industries, with a registered capital of 580 million RMB [2] - The company has invested in 8 enterprises, participated in 24 bidding projects, and holds 50 patent records [2]

Core Viewpoint - The Huabao S&P Hong Kong Stock Connect Low Volatility Dividend ETF (159220) has shown a slight decline in its closing price and has experienced a modest increase in its scale since the end of 2025, indicating stable performance in a volatile market [1]. Group 1: Fund Performance - As of January 7, 2025, the fund closed down by 0.50% with a trading volume of 20.57 million yuan [1]. - The fund's management fee is 0.50% annually, and the custody fee is 0.10% annually [1]. - The fund's latest share count is 512 million, with a total scale of 311 million yuan, reflecting a 0.00% increase in shares and a 0.98% increase in scale since December 31, 2025 [1]. Group 2: Trading Activity - Over the last 20 trading days, the cumulative trading amount for the fund reached 716 million yuan, with an average daily trading amount of 35.78 million yuan [1]. Group 3: Fund Management - The current fund managers are Yang Yang and Hu Yijiang, both of whom have managed the fund since its inception on April 29, 2025, achieving a return of 20.30% during their tenure [2]. Group 4: Top Holdings - The fund's top holdings include Jiangxi Copper Co. (3.33%), Hang Lung Properties (3.17%), China Shenhua Energy (3.10%), and others, with their respective market values and share counts detailed [3].

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has applied for a patent for a method and related device for constructing a self-supervised dataset for seismic pre-training large models, indicating a focus on innovation in data processing and model training in the oil and gas sector [1] Group 2 - CNPC was established in 1999 and is primarily engaged in oil and gas extraction, with a registered capital of 18,302,097,000 RMB [2] - The company has made investments in 1,296 enterprises and participated in 443 bidding projects, showcasing its extensive involvement in the industry [2] - CNPC holds 38 trademark registrations and 5,000 patent records, along with 168 administrative licenses, reflecting its significant intellectual property portfolio [2]

Core Viewpoint - The Shanghai Stock Exchange 50 Index (000016) closed at 3145.12 points on January 7, with a decline of 0.43% and a trading volume of 169.3 billion yuan, indicating a low turnover rate of 0.31% [1] Group 1: Index Performance - On the day, 15 constituent stocks of the index rose, with Zhongwei Company leading the gains at 6.88%, while 34 stocks fell, with China Petroleum leading the declines at 3.6% [1] Group 2: Capital Flow - The net outflow of main funds from the constituent stocks of the index totaled 4.226 billion yuan, while retail investors saw a net inflow of 2.215 billion yuan and speculative funds had a net inflow of 2.011 billion yuan [2]

Market Overview - The refining and trading sector experienced a decline of 2.5% on January 7, with China Petroleum leading the drop [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Notable gainers in the refining and trading sector included: - Heshun Petroleum (603353) with a closing price of 29.10, up 4.75% [1] - Unified Shares (600506) at 27.35, up 4.27% [1] - Wanbangda (300055) at 8.02, up 1.01% [1] - Major decliners included: - China Petroleum (601857) at 9.90, down 3.60% [2] - Yuxin Shares (002986) at 11.13, down 3.55% [2] - Baocao Shares (002476) at 7.56, down 3.45% [2] Capital Flow - The refining and trading sector saw a net outflow of 298 million yuan from main funds, while speculative funds had a net inflow of 322 million yuan [2] - Retail investors experienced a net outflow of 24.46 million yuan [2] Individual Stock Capital Flow - Unified Shares (600506) had a main fund net inflow of 76.97 million yuan, but a net outflow from speculative and retail investors [3] - Guanghui Energy (600256) saw a main fund net inflow of 36.52 million yuan, with outflows from both speculative and retail investors [3] - Heshun Petroleum (603353) had a main fund net inflow of 11.06 million yuan, but also faced outflows from speculative and retail investors [3]

Core Insights - Zhejiang Special Equipment Research Institute successfully completed inspection tasks for five core units at China National Petroleum Corporation's Yunnan Petrochemical enterprise, highlighting its role in ensuring energy security in Southwest China [1] Group 1: Project Overview - The inspection project involved five core units, including hydrogenation and coking facilities, which are critical for the stable operation of energy infrastructure [1] - The project was initiated in June 2025, with pre-inspection preparations to maximize efficiency and ensure timely production recovery [1] Group 2: Inspection Details - Over 30 inspection personnel worked continuously for more than a month, with the longest shift lasting 52 days [1] - The team identified multiple safety hazards in 92 pieces of equipment, demonstrating high precision and efficiency in their work [1] Group 3: Response and Rectification - The local departments of Yunnan Petrochemical took the issues and recommendations from Zhejiang Special Equipment Research Institute seriously, implementing repair suggestions to enhance safety during the overhaul [1]

Group 1 - The core viewpoint of the article emphasizes China's condemnation of the recent U.S. military actions against Venezuela, which are seen as a threat to global supply chain stability and international energy cooperation [1] - China views its cooperation with Venezuela as a partnership between sovereign nations, protected by international law and the laws of both countries [1] - The article highlights that the U.S. has imposed illegal unilateral sanctions on Venezuela's oil industry, which have severely impacted the country's economic and social order [1]