Group 1 - Since 2022, the chemical industry has faced price declines due to new capacity coming online and falling crude oil prices, leading to a decrease in overall profitability as companies adopt a price-for-volume strategy to capture market share [1] - In 2024, most chemical prices are stabilizing at low levels, with profitability still under pressure; however, the introduction of growth stabilization measures may lead to the elimination of some outdated capacities, improving the overall supply-demand balance and potentially enhancing product profitability [1] - According to Huatai Securities, by the second half of 2025, the profitability of bulk chemicals is expected to hit a ten-year low due to weak demand and the end of supply-side increases, with the current downturn resembling the bottom of the basic chemical sector in late 2015 [1] Group 2 - The chemical industry is characterized as a typical cyclical industry, usually experiencing a five-year cycle that includes phases of "profit upturn - capacity expansion - profit bottoming - capacity clearance/demand expectation improvement" [2] - With capital expenditure growth turning negative, anti-involution trends, global interest rate cuts, and domestic demand expansion, there is optimism for the chemical sector entering a "dawn" phase at the beginning of the 14th Five-Year Plan [2] - The chemical industry chain includes several Hong Kong-listed companies such as Sinopec (600028)(00386), Sinopec Oilfield Service (600871)(01033), and Shanghai Petrochemical (600688)(00338) [3]

Group 1 - Since 2022, the chemical industry has faced price declines due to new capacity coming online and falling crude oil prices, leading to a decrease in overall profitability as companies adopt a price-for-volume strategy to capture market share [1] - In 2024, most chemical prices are stabilizing at the bottom, with profitability still under pressure; however, the introduction of growth stabilization measures may lead to the elimination of some outdated capacities, improving the overall supply-demand balance and potentially enhancing product profitability [1] - According to Huatai Securities, by the second half of 2025, the profitability of bulk chemicals is expected to hit a ten-year low due to weak demand and the end of supply-side increments, similar to the industry losses seen at the end of 2015 [1] Group 2 - The chemical industry is characterized as a typical cyclical industry, usually experiencing a five-year cycle through stages of "profit upturn - capacity expansion - profit bottoming - capacity clearance/demand expectation improvement" [2] - With negative growth in capital expenditure, anti-involution trends, global interest rate cuts, and domestic demand expansion, the chemical sector is anticipated to enter a "dawn" phase at the beginning of the 14th Five-Year Plan [2] - Related Hong Kong stocks in the chemical industry include Sinopec (00386), Sinopec Oilfield Service (01033), Sinopec Engineering (02386), Shanghai Petrochemical (00338), Sinopec Kantons (00934), China Sanjiang Chemical (02198), and Wuhan Organic Chemicals (02881) [3]

Group 1 - The core viewpoint of the article is that the acquisition of East China Pipeline Design and Research Institute by Nanjing Engineering Company, a wholly-owned subsidiary of Refining Engineering Group, aligns with the company's development strategy and is significant for enhancing its core competitiveness [1] - The acquisition will strengthen the company's industrial chain and improve its EPC qualifications and engineering execution capabilities for long-distance pipelines and storage facilities [1] - This move creates conditions for expanding into emerging markets such as hydrogen pipelines, aviation fuel pipelines, and long-distance chemical product pipelines [1]

Group 1 - The core point of the news is that southbound funds have reduced their holdings in Sinopec Engineering (02386.HK) by 294,000 shares on January 9, 2026, marking a trend of net reductions over the past trading days [1] - Over the last five trading days, southbound funds have reduced their holdings for four days, with a total net reduction of 3,479,000 shares [1] - In the last twenty trading days, there were ten days of net increases in holdings, totaling 393,800 shares [1] Group 2 - As of now, southbound funds hold 386 million shares of Sinopec Engineering, which accounts for 27.03% of the company's total issued ordinary shares [1] - The trading data shows a fluctuation in total holdings, with a decrease of 294,000 shares on January 9, 2026, representing a change of -0.08% [2] - The company operates in four segments: design, consulting and technology licensing; engineering contracting; construction services; and equipment manufacturing [2]

Group 1 - FMR LLC reduced its stake in Sinopec Engineering (02386) by 3.922 million shares at a price of HKD 7.5696 per share, totaling approximately HKD 29.688 million [1] - After the reduction, FMR LLC's remaining shareholding is approximately 114 million shares, representing a holding percentage of 7.99% [1]

Group 1 - FMR LLC reduced its stake in Sinopec Engineering (02386) by 3.922 million shares at a price of HKD 7.5696 per share, totaling approximately HKD 29.688 million [1] - After the reduction, FMR LLC's remaining shareholding is approximately 114 million shares, representing a holding percentage of 7.99% [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02386 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,430,681,000 | RMB | | 1 | RMB | | 1,430,681,000 | | 增加 / 減少 (-) | | | -3,857,000 | | | | RMB | | -3,857,000 | | 本月底結存 | | | 1,426,824,000 | RMB | | 1 | RMB | | 1,426,824,000 | | 2. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯 ...

Group 1 - The State Intellectual Property Office of China has granted a patent to China Petroleum & Chemical Corporation and Sinopec Engineering Group Co., Ltd. for a technology related to a dual backflow jet-enhanced premixed liquid hydrocarbon desulfurization reactor, with the patent announcement number CN116272825B and application date of February 2023 [1] - China Petroleum & Chemical Corporation, established in 2000 and based in Beijing, primarily engages in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB. The company has invested in 267 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and has 5,000 patents, along with 41 administrative licenses [1] - Sinopec Engineering Group Co., Ltd., founded in 2007 and also located in Beijing, focuses on water management, with a registered capital of approximately 441.85 million RMB. The company has invested in 12 enterprises, participated in 73 bidding projects, holds 5,000 patents, and has 4 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent for a gas treatment reactor with a return mixing component to China Petroleum & Chemical Corporation and Sinopec Engineering Group Co., Ltd. The patent announcement number is CN118615847B, and the application date was March 2023 [1] - China Petroleum & Chemical Corporation, established in 2000 and located in Beijing, primarily engages in oil and natural gas extraction. The company has a registered capital of 12,173,968.9893 million RMB. It has invested in 267 companies, participated in 5,000 bidding projects, holds 45 trademark registrations, and has 5,000 patent records, along with 41 administrative licenses [1] - Sinopec Engineering Group Co., Ltd., founded in 2007 and also based in Beijing, focuses on water management. The company has a registered capital of 441,854.35 million RMB. It has invested in 12 companies, participated in 73 bidding projects, holds 5,000 patent records, and has 4 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent for a method and system for recommending anti-corrosion coating strategies for refining enterprises to China Petroleum & Chemical Corporation and Sinopec Engineering Group Co., Ltd. The patent announcement number is CN115206469B, with an application date of August 2022 [1] Group 2 - China Petroleum & Chemical Corporation, established in 2000 and located in Beijing, primarily engages in oil and gas extraction. The company has a registered capital of 12,173,968.9893 million RMB. It has invested in 267 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and has 5,000 patent records, along with 41 administrative licenses [1] - Sinopec Engineering Group Co., Ltd., founded in 2007 and also based in Beijing, focuses on water management. The company has a registered capital of 441,854.35 million RMB. It has invested in 12 enterprises, participated in 73 bidding projects, holds 5,000 patent records, and has 4 administrative licenses [1]