Meeting Overview - The company will hold the 2024 Annual General Meeting, the first A-share class meeting of 2025, and the first H-share class meeting of 2025 on June 11, 2025 [2][3] - The meetings will be convened by the Board of Directors of China Petroleum & Chemical Corporation Shanghai Petrochemical Company [2] - Voting will be conducted through a combination of on-site and online methods, allowing A-share shareholders to participate in both formats [2] Meeting Schedule - The Annual General Meeting will start at 14:00, followed by the A-share class meeting at 14:15, and the H-share class meeting at 14:30 on the same day [3] - The location for the meetings is Jinshan Hotel, No. 1 Jinyi East Road, Jinshan District, Shanghai, China [3] Online Voting Details - Online voting will be available through the Shanghai Stock Exchange's shareholder meeting online voting system on June 11, 2025 [4] - Voting times for the trading system are from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 on the day of the meeting [4] Voting Procedures - Shareholders involved in margin trading, transfer, and other related accounts must follow the relevant regulations for voting [5] - The company will also collect votes from shareholders who have publicly solicited voting rights [6] Meeting Agenda - The agenda for the Annual General Meeting and the A-share and H-share class meetings includes various resolutions that have been previously disclosed [8] - Special resolutions will be presented during the Annual General Meeting and corresponding resolutions during the A-share and H-share class meetings [9] Voting Rights and Procedures - Shareholders must complete voting for all resolutions before submission [13] - Shareholders can authorize representatives to attend and vote on their behalf, with specific documentation required for verification [17][25] Attendance Requirements - Shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch after the close of trading on the record date are eligible to attend the meetings [14] - Company directors, supervisors, senior management, and appointed lawyers are also allowed to attend [15][16] Additional Information - The company will suspend H-share stock transfer registration from June 6, 2025, to June 11, 2025, to confirm shareholder rights for attending the meetings [19] - The company’s contact information for the meeting secretariat is provided for any inquiries [20]

Core Viewpoint - The article highlights the growing significance of bio-based ethylene in the chemical industry, emphasizing its role in sustainable development and the increasing production capacities of major companies like Braskem and Sinopec [1][2]. Group 1: Company Developments - Braskem celebrates the 15th anniversary of its bio-based polyethylene brand "I'm green™" and announces an increase in production capacity at its bio-ethylene plant in Triunfo, Brazil, from 260,000 tons to 275,000 tons [1]. - Since the launch of its bio-based PE in 2010, Braskem has produced over 1.2 million tons of bio-based PE and has invested $87 million to expand its bio-ethylene plant capacity from 200,000 tons to 260,000 tons in 2023 [2]. - Sinopec has successfully launched its first bio-based polyolefin product in China, with an initial production of 2,500 tons from its bio-based polyolefin project that started in October 2023 [3]. Group 2: Industry Trends - Bio-based ethylene is becoming a focal point for major chemical companies like Braskem, BASF, and New Energy Blue, driven by the trend towards low-carbon sustainability [2]. - The synthesis technology routes for bio-based ethylene include fermentation, thermochemical conversion, enzymatic catalysis, and microbial synthesis, with various companies employing different methods [4]. - The price of bio-ethanol, primarily produced from non-food biomass, is crucial for the competitiveness of bio-based ethylene in the domestic market, with estimates suggesting a target price of 4,000 yuan per ton or lower [5]. Group 3: Technological Insights - The main synthesis route for bio-based ethylene is ethanol dehydration, which is influenced by the cost of bio-ethanol [5]. - Different technological routes for bio-based ethylene production have varying levels of maturity and advantages, such as sugar fermentation being highly mature but reliant on food crops, while cellulose fermentation shows potential for reduced resource competition [6].

Core Viewpoint - The article highlights the increasing presence and application of bio-based materials at the CHINAPLAS 2025 International Rubber and Plastics Exhibition, indicating a shift towards high-end and significant use cases beyond single-use products and packaging, signaling a burgeoning industry ready for growth [1]. Group 1: Company Innovations - Jinhai Technology is exploring a "recycling + bio-based" composite technology path, using bio-based BDO to replace part of petroleum-based raw materials, resulting in a chemical recycling PBT resin with a bio-based content of 31% [4]. - Kasei Biotech focuses on bio-based materials for low-carbon applications in automotive lightweighting, electronics, industrial products, rail transportation, and consumer goods, showcasing innovations in battery boxes, structural components, and thermal management systems [9]. - Arkema presents a series of bio-based, recyclable, lightweight, and high-durability specialty material solutions aimed at low-carbon living and advanced manufacturing [15]. Group 2: Material Applications - Kasei's bio-based polyamide materials are innovatively applied in various sectors, including electric vehicle battery boxes and interior/exterior components [9]. - Rilsan® PA11 from Arkema, derived from castor beans, is 100% bio-based and fully recyclable, with a carbon footprint reduced to 1.3 kg CO2e/kg, approximately 80% less than conventional petroleum-based polyamides [22]. - SK Chemicals has developed bio-based PU foam shoe uppers made from ECOTRION, showcasing the versatility of bio-based materials in footwear [26]. Group 3: Exhibition Highlights - The exhibition features a wide array of bio-based innovations, including CovationBio's bioPTMEG, a bio-based alternative to petroleum-based PTMEG, demonstrating excellent durability and elasticity for high-performance applications [34]. - Leaf Bio showcases its core exhibits, including 100% bio-based polyester PEF bottle chips and BioFleax™ fibers, emphasizing environmental and comfort characteristics for diverse applications [37]. - eSUN highlights its environmentally friendly materials based on PLA, including fibers, yarns, and biodegradable packaging applications, showcasing the potential of bio-based materials in various sectors [38]. Group 4: Future Events - The 10th Bio-based Conference and Exhibition will take place from May 25 to May 27, 2025, in Shanghai, featuring discussions on bio-based industry strategies, innovations in key chemicals and materials, and sustainable applications across various sectors [70][72].

Core Viewpoint - A new record for the depth of shale gas wells in China has been set, exceeding 5300 meters, which provides valuable experience for ultra-deep shale gas exploration in the country [1] Group 1: Exploration Achievements - A shale gas exploration well located in the Sichuan Basin has surpassed a depth of 5300 meters, setting a new record for shale gas wells in China [1] - The well, known as the Tiebei 1 horizontal exploration well in the Puguang gas field, has achieved a natural gas production rate of 314,500 cubic meters per day [1] Group 2: Resource Potential - The Puguang region, where the exploration well is situated, is rich in shale gas resources, although most of these resources are located at depths exceeding 4500 meters, presenting significant exploration and development challenges [1]

Core Viewpoint - The record for the depth of shale gas wells in China has been broken, with significant implications for the industry and potential for increased gas production in the Sichuan Basin [1] Group 1: Company Developments - Sinopec's Zhongyuan Oilfield has successfully drilled the Tiebei 1 side HF well, achieving a daily output of 314,500 cubic meters of industrial gas flow [1] - The well has a vertical depth exceeding 5,300 meters and a horizontal section length of 1,312 meters, setting a new record for shale gas well depth in China [1] Group 2: Industry Implications - This achievement is expected to facilitate the establishment of a new large-scale reserve and production area in the Puguang region, enhancing the overall gas supply capacity [1]

Investment Rating - The report maintains a "Buy" rating for several companies in the chemical industry, including Sinopec, China National Petroleum, and China National Offshore Oil Corporation [10]. Core Viewpoints - The report highlights significant price increases in natural gas (6.81%) and paraxylene (5.30%), while synthetic ammonia and coal tar experienced notable declines [4][20]. - It suggests focusing on investment opportunities in import substitution, domestic demand, and high-dividend assets due to the current market dynamics and geopolitical uncertainties [6][22]. Summary by Sections Price Movements - Major price increases this week include natural gas (6.81%), paraxylene (5.30%), and urea (4.86%), while significant declines were seen in synthetic ammonia (-4.35%) and hydrochloric acid (-4.76%) [4][20][22]. Market Analysis - The report discusses the impact of OPEC's recent production cuts on international oil prices, which have stabilized around $61.02 per barrel for WTI and $63.91 for Brent, with expectations of a central price around $70 in 2025 [6][20]. - It emphasizes the importance of domestic chemical products that can replace imports due to tariff impacts, particularly in lubricants and specialty coatings [8][22]. Company Recommendations - Specific companies recommended for investment include Sinopec, China National Petroleum, and China National Offshore Oil Corporation, which are expected to benefit from high dividend yields [6][22]. - The report also highlights opportunities in the tire industry, suggesting companies like Senqcia and Sailun Tire as potential investments following recent price corrections [8][22]. Sector Performance - The overall performance of the chemical industry remains weak, with mixed results across sub-sectors due to past capacity expansions and weak demand [22]. - However, certain sectors like tires, lubricants, and coatings are showing better-than-expected performance, warranting continued attention [22].

Group 1 - The core achievement of China Petroleum & Chemical Corporation (Sinopec) is the successful drilling of the Tiebei 1HF well in the Sichuan Basin, which has set a new record for shale gas well depth in China at over 5300 meters and a horizontal section length of 1312 meters, yielding a daily production of 314,500 cubic meters of industrial gas [1] - The Puguang gas field, developed for 20 years, is China's first ultra-deep high-sulfur gas field, and Sinopec aims to enhance production efficiency by focusing on the resource-rich Permian system, which is primarily located at depths exceeding 4500 meters [1] - Sinopec has achieved a 100% success rate in encountering high-quality shale during horizontal drilling, which is crucial for the efficient exploration and development of the Puguang area [1] Group 2 - In 2017, Sinopec established China's first shale gas field with a production capacity of over 10 billion cubic meters, the Fuling shale gas field, and in 2020, it completed the first phase of the Weirong shale gas field project, which has proven reserves exceeding 100 billion cubic meters [2] - According to the National Energy Administration, domestic shale gas production exceeded 25 billion cubic meters last year, accounting for 10% of the total natural gas production, with total oil and gas production surpassing 400 million tons of oil equivalent for the first time [3] - Last year, China's crude oil production reached 213 million tons, while natural gas production was 246.4 billion cubic meters, marking an increase of over 10 billion cubic meters for eight consecutive years [3]

转自：前瞻产业研究院 行业主要上市公司：中国石油(601857);中国石化(600028);康普顿(603798);龙蟠科技(603906);中晟高科 (002778);统一股份(600506)等 本文核心数据：中国润滑油进出口金额;中国润滑油进出口量;中国润滑油进出口均价 1、润滑油行业进出口总况 润滑油相关的海关编码为"润滑油，不含有生物柴油"，HS编号是"27101991"。 近年来中国润滑油行业进出口情况逐年增长，中国润滑油行业下游相关产业的迅速发展，对于润滑油的 需求量越来越大，行业进出口额持续稳定增长。 海关数据显示，2024年中国润滑油行业产品进出口总额14.17亿美元，同比上升5.73%，反映润滑油进出 口规模逐渐扩大，其中进口额9.04亿美元，同比上升1.44%;出口额为5.13亿美元，同比上升14.36%。贸 易逆差为3.91亿美元，同比下降11.54%，反映中国对润滑油需求依赖进口支持，但近两年来依赖程度有 所减缓。 2025年前两个月，中国润滑油行业产品进出口总额2.15亿美元，贸易逆差为0.55亿美元。 2、润滑油进口情况 2019-2024年，中国润滑油进口金额整体呈现波动增长趋势 ...

专利摘要显示，本发明提供一种脆性指数的计算方法、装置、计算机设备和存储介质，该方法包括在对 待测岩心施加预设围限压力和预设孔隙压力的条件下，确定对所述待测岩心施加的逐渐增大的轴向压 力；在对所述待测岩心增加轴向压力的过程中记录应力值和应变值，直至所述待测岩心破裂；基于所述 应变值和所述应力值计算脆性指数。这样的设计，在待测岩心处于预设围限压力下获取应变值和应力 值，根据应变值和应力值计算得到的脆性指数，是考虑了待测岩心的围限压力的，预设围限压力可以根 据待测岩心的所处环境中的围限压力设置，模拟待测岩心的所处环境，使得计算得到的脆性指数更准 确。 金融界2025年5月13日消息，国家知识产权局信息显示，中国石油化工股份有限公司、中石化石油工程 技术研究院有限公司申请一项名为"脆性指数的计算方法、装置、计算机设备和存储介质"的专利，公开 号CN119958970A，申请日期为2023年11月。 中石化石油工程技术研究院有限公司，成立于2022年，位于北京市，是一家以从事研究和试验发展为主 的企业。企业注册资本30000万人民币。通过天眼查大数据分析，中石化石油工程技术研究院有限公司 共对外投资了3家企业，参与招投 ...

当中国旅客踏入利雅得机场，各处醒目的中文标识、餐厅里的中阿双文菜单，甚至机场地勤人员阿卜杜 勒，他会用普通话为旅客服务，一切都让人产生时空交错之感，这个五千公里之外的中东国家，让人陌 生又熟悉。 在利雅得的金融区，中国印记更加深刻。国王大道购物中心建设现场，三一重工的龙门吊忙碌作业，彰 显着"中国速度"。提前竣工的哈立德国王机场扩建项目，不仅展现了中国高效的工程能力，更输出了从 建筑技术到工地管理系统的整套中国模式。毕竟"基建狂魔"可不是开玩笑的。 中沙合作不仅在商业领域开花结果，在军事和民生战略方面也默契十足。去年红海危机期间，沙特海军 司令登上中国052D驱逐舰参观，并在垂发系统前合影，这一举动被中东媒体广泛解读，彰显了两国在 军事领域的交流与互信。而中国企业在朱拜勒工业城建设的海水淡化厂，既解决了当地用水难题，又为 国产核能技术做了有力宣传，实现了民生改善与战略价值的双赢，这正是沙特王室看重的合作模式。 2024年11月，总投资711亿元的福建古雷炼化一体化工程二期项目正式开工，这一项目由中国石化、沙 特阿美公司及福建炼化公司共同投资。此前，总投资448亿元的中沙古雷乙烯项目也已全面动工。这些 项目将进 ...