Group 1 - Hermes Investment Management Ltd reduced its stake in China Petroleum & Chemical Corporation (Sinopec) by approximately 254 million shares at an average price of HKD 2.48 per share, totaling around HKD 630 million [1] - Following the reduction, Hermes Investment Management's latest holding amounts to approximately 248 million shares, representing a holding ratio of 13.82% [1]

Group 1 - Hermes Investment Management Ltd reduced its stake in China Petroleum & Chemical Corporation (03983) by approximately 254 million shares at an average price of HKD 2.48 per share, totaling around HKD 630 million [1] - After the reduction, Hermes Investment Management's latest holding is approximately 248 million shares, representing a holding ratio of 13.82% [1]

Core Viewpoint - Hermes Investment Management Ltd has reduced its stake in China Petroleum & Chemical Corporation (Sinopec) by approximately 254 million shares at an average price of HKD 2.48 per share, totaling around HKD 630 million, resulting in a new holding of approximately 248 million shares, representing 13.82% ownership [1] Summary by Category Shareholding Changes - Hermes Investment Management Ltd has decreased its holdings in Sinopec by about 254 million shares [1] - The average selling price per share was HKD 2.48, leading to a total divestment amount of approximately HKD 630 million [1] - Following the reduction, Hermes now holds approximately 248 million shares, which corresponds to a 13.82% ownership stake in the company [1]

Core Insights - As of November 10, a total of 108 stocks reached their 52-week highs, with notable performers including Taijin Holdings (08321), OKURA HOLDINGS (01655), and Hejia Holdings (00704) achieving high rates of 125.00%, 84.90%, and 53.57% respectively [1] Summary by Category 52-Week Highs - Taijin Holdings (08321) closed at 0.620 with a peak price of 0.900, marking a 125.00% increase - OKURA HOLDINGS (01655) reached a closing price of 0.280 and a high of 0.355, reflecting an 84.90% rise - Hejia Holdings (00704) had a closing price of 0.345 and a peak of 0.430, showing a 53.57% increase - Other notable stocks include Sanhe Chemical (00301) with a 41.67% increase and Aide New Energy (02623) with a 36.25% rise [1] 52-Week Lows - Wangshan Wangshui-B (02630) recorded a closing price of 52.850 and a low of 51.000, resulting in a -21.84% decrease - Eight Horses Tea (06980) had a closing price of 52.850 and a low of 51.100, reflecting a -10.98% decline - New Enjoy Times (08519) reached a low of 0.270, marking a -10.00% drop - Other significant declines include Jiujiang Bank (06190) at -8.99% and Kun Group (00924) at -6.98% [3][4]

Summary of Phosphate Chemical Sector Conference Call Industry Overview - The phosphate rock industry maintains a high level of prosperity, with companies possessing phosphate rock resources showing solid profitability [1][2][3] - China's phosphate fertilizer export quota policy and tight overseas supply have led to substantial export profits for domestic companies, despite a recent decline in international phosphate fertilizer prices [1][2][10] - The phosphate fertilizer industry faces both opportunities and challenges, with domestic sales profitability being weak and reliant on export price differentials [1][4] Key Insights - **Phosphate Rock Demand and Supply**: - The demand for phosphate rock is expected to remain high due to increasing needs for phosphate fertilizers and iron phosphate, with annual demand nearing 3 million tons [1][3][5] - The operating rate in the iron phosphate sector is gradually recovering, with expectations of significant demand growth driven by energy storage needs [5][11] - Global phosphate rock production is primarily led by China, which produces about 40% of the world's output, but new effective capacity is limited [6][7][9] - **Profitability and Investment Appeal**: - High dividend yields enhance the investment appeal of companies like Yuntianhua and China National Petroleum Chemical, with dividend yields ranging from 4% to 6% [1][8][12][13] - The phosphate rock price is expected to remain high, with premium-grade rock prices exceeding 1,000 RMB per ton [9][10] Opportunities and Challenges - **Opportunities**: - Export quota restrictions are leading to higher profits for domestic companies due to overseas supply shortages [4][10] - Strong domestic demand driven by food security concerns is enhancing China's influence in the international market [4][10] - **Challenges**: - Domestic sales profitability is weak, relying heavily on export price differentials [4] - Recent fluctuations in international prices introduce uncertainty [4][9] Future Outlook - The phosphate rock industry is expected to maintain a high level of prosperity over the next few years, with limited net increases in capacity projected at around 5-8 million tons annually until 2027 [6][7][9] - The iron phosphate sector is anticipated to see a significant increase in demand, particularly from the energy storage sector, which could lead to price increases and improved profitability for companies involved [5][11][14][16] - Overall, the phosphate and phosphate fertilizer markets are expected to remain robust, supported by strong demand and favorable dividend yields [18]

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 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中海石油化學股份有限公司（ 於中華人民共和國註冊成立的股份有限公司） 呈交日期: 2025年11月3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) | 03983 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,796,000,122 | RMB | | 1 RMB | | 1,796,000,122 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 1,796,000,122 | RMB | | 1 RMB | | 1,796,000,122 | ...

Core Viewpoint - Food security is a national priority, and China National Offshore Oil Corporation (CNOOC) plays a crucial role in ensuring the supply of agricultural fertilizers to support food production and rural development [1][2]. Group 1: Supervision and Management - The CNOOC disciplinary inspection team has implemented a targeted supervision mechanism to identify and rectify 21 issues related to fertilizer safety production, raw material procurement, and pricing management [2]. - During the peak fertilizer application period, CNOOC's chemical production units maintained stable production despite adverse weather conditions caused by Typhoon "Biparjoy" [1][2]. Group 2: Innovation and Technology - The focus on the development and technological upgrade of value-added fertilizer products is a priority for CNOOC, with ongoing supervision of key project phases to ensure alignment with regional agricultural needs [3]. - CNOOC has emphasized the importance of scientific formulation and optimization of fertilizer products based on crop and regional characteristics, enhancing production efficiency and market supply [3].

Group 1 - MGD Holdings reduced its stake in CNOOC Chemical (03983.HK) by selling 1.016 million shares at an average price of HKD 2.3001 per share, amounting to approximately HKD 2.3369 million [1] - Following the sale, MGD Holdings' total shareholding decreased to 251 million shares, representing a reduction in ownership percentage from 14.03% to 13.98% [1][3]

Group 1 - MGD Holdings reduced its stake in CNOOC Limited (03983) by selling 1.016 million shares at a price of HKD 2.3001 per share, totaling approximately HKD 2.3369 million [1] - After the reduction, MGD Holdings' latest shareholding stands at 251 million shares, representing a holding percentage of 13.98% [1]

Group 1 - MGD Holdings reduced its stake in China National Chemical Corporation (03983) by 1.016 million shares at a price of HKD 2.3001 per share, totaling approximately HKD 2.3369 million [1] - After the reduction, MGD Holdings now holds 251 million shares, representing a 13.98% ownership stake [1]