本报讯 （记者向炎涛）4月28日，中国石油化工股份有限公司（以下简称"中国石化"）发布2025年第一 季度报告。按照国际财务报告会计准则，第一季度，公司实现营业收入7353.56亿元，实现本公司股东 应占利润139.75亿元。 勘探及开发方面，公司全力拓矿权、增储量，加强高质量勘探和效益开发，在北部湾盆地、塔里木盆 地、四川盆地等勘探取得重要突破，高质量推进胜利济阳国家级示范区建设，加强天然气产供储销一体 协同创效。第一季度，油气当量产量130.97百万桶，同比增长1.7%，其中，天然气产量3684.3亿立方英 尺，同比增长5.1%。 炼油化工方面，公司紧贴市场需求，全力优化生产组织运行，大力降本减费，推动优势产能高效利用。 炼油方面，公司坚持低成本"油转化"、高价值"油转特"，持续优化装置负荷和产品结构，增产化工原料 和航煤，大力推进高端碳材料、特种油品等产品发展；化工方面，公司紧贴市场需求，以效益为导向优 化原料、装置、产品结构，大幅提升装置负荷，增产盈利产品，密切产销研用结合，加大新产品、高附 加值产品开发力度。第一季度，加工原油6213万吨，生产化工轻油1133万吨，同比增加11.3%，乙烯产 量38 ...

Mergers and Acquisitions - Fushun Special Steel plans to absorb and merge its wholly-owned subsidiary Fushun Xinxing Steel Plate Co., Ltd, aiming to optimize management structure, reduce management costs, and improve operational efficiency [1] - Shenghang Co., Ltd. has completed the acquisition of 25.2762% of Shenghang Haoyuan's shares, now holding a total of 78.3316% of the company [2] - Yuanshang Co., Ltd. has completed the industrial and commercial change registration for the acquisition of 60% of Wuhan Hechuan You's shares [3] Earnings Disclosure - Sinopec reported Q1 2025 revenue of 735.36 billion yuan, a decrease of 6.9% year-on-year, with a net profit of 13.26 billion yuan, down 27.6% [4] - Yunnan Baiyao achieved Q1 2025 revenue of 10.841 billion yuan, a year-on-year increase of 0.62%, with a net profit of 1.935 billion yuan, up 13.67% [5] - Haitian Flavor Industry reported Q1 2025 revenue of 8.315 billion yuan, an increase of 8.08%, and a net profit of 2.202 billion yuan, up 14.77% [6] - CICC reported Q1 2025 revenue of 5.721 billion yuan, a significant increase of 47.69%, with a net profit of 2.042 billion yuan, up 64.85% [7] Share Buybacks - China Nuclear Power plans to repurchase shares worth between 300 million and 500 million yuan, with a maximum price of 13.98 yuan per share [8] - Yituo Co., Ltd. intends to repurchase up to 10% of its issued H shares, using self-owned and raised funds [9] - Xingguang Co., Ltd.'s actual controller plans to increase shareholding by no less than 10 million yuan and no more than 20 million yuan within three months starting from April 29, 2025 [10] - Haiou Co., Ltd. plans to repurchase shares worth between 60 million and 120 million yuan, with a maximum price of 17 yuan per share [11] Risk Matters - Lifang Shuke received a notice from the CSRC regarding an investigation into suspected information disclosure violations [12] - Boda Co., Ltd. will implement a delisting risk warning starting April 30 due to negative net profit and revenue below 300 million yuan [13] - Sitong Co., Ltd. will also face a delisting risk warning starting April 30 for similar financial issues [14] - Yuanshang Co., Ltd. will implement a delisting risk warning starting April 30 due to negative financial results [15]

重要公告： 福田汽车：拟不超25亿元参与认购北汽蓝谷定增股份 中国石化：一季度净利润132.64亿元同比下降27.6% 沪市重要公告： 药明康德：一季度净利润36.72亿元同比增长89.06% 中金公司：一季度净利润20.42亿元同比增长64.85% 赛特新材：董事长自愿放弃领薪高管人员自愿降薪 上海医药：一季度净利润13.33亿元同比下降13.56% 上海医药（601607）4月28日晚间发布一季报，2025年一季度实现营业收入707.63亿元，同比增长 0.87%；净利润13.33亿元，同比下降13.56%。其中，工业板块贡献利润5.32亿元；商业板块贡献利润 8.34亿元；主要参股企业贡献利润1.96亿元。 传音控股：一季度净利润4.9亿元同比下降69.87% 传音控股（688036）4月28日晚间发布一季报，2025年第一季度营收为130.04亿元，同比下降25.45% （调整后）；净利润为4.9亿元，同比下降69.87%（调整后）。净利润下降主要是受市场竞争以及供应 链成本综合影响，营业收入及毛利额减少所致。 浙能电力：一季度净利润10.74亿元同比下降40.81% 浙能电力（600023）4月28 ...

股票代码：600028 股票简称：中国石化 公告编号：2025-18 中国石油化工股份有限公司 第九届董事会第六次会议决议公告 中国石化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。 三、关于投资建设塔河炼化一体化项目的议案。 四、关于向中国石化集团资本有限公司增资的议案。 2025 年 4 月 23 日，独立董事专门会议已审议并一致同意本议案，同意将本议案 提交董事会审议。 详见公司同日披露的《中国石化 H 股公告》。 中国石油化工股份有限公司（简称"中国石化"或"公司"）第九届董事会第六 次会议（简称"会议"）于 2025 年 3 月 31 日发出书面通知，2025 年 4 月 18 日发出 书面材料，2025 年 4 月 28 日以电子通讯方式召开。 应出席会议的董事 12 人，实际出席会议的董事 12 人。会议的召集和召开符合 有关法律和《中国石油化工股份有限公司章程》的规定。会议审议通过了如下事项 及议案： 一、2025 年第一季度报告。 详见公司同日披露的《中国石化 2025 年第一季度报告》。 2025 年 4 月 2 ...

Financial Performance - For the first quarter of 2025, the operating revenue was RMB 735,356 million, a decrease of 6.9% compared to RMB 789,967 million in the same period of 2024[5] - The net profit attributable to shareholders of the parent company was RMB 13,264 million, down 27.6% from RMB 18,316 million year-on-year[5] - The basic earnings per share decreased by 28.8% to RMB 0.109 from RMB 0.153 in the previous year[5] - Net profit for Q1 2025 was RMB 14,506 million, down 32.3% from RMB 21,360 million in Q1 2024[40] - Operating profit for Q1 2025 was RMB 18,543 million, a decline of 32.1% compared to RMB 27,325 million in Q1 2024[40] - The company reported a total comprehensive income of RMB 15,527 million for Q1 2025, compared to RMB 20,552 million in Q1 2024[41] - The company reported a total comprehensive income of RMB 16,316 million for the three months ended March 31, 2025, compared to RMB 21,028 million for the same period in 2024[57] Cash Flow and Assets - The net cash flow from operating activities was RMB 8,138 million, a significant improvement from a cash outflow of RMB 13,755 million in the same period last year[5] - The company's cash and cash equivalents increased to RMB 160.58 billion as of March 31, 2025, compared to RMB 146.80 billion at the end of 2024[33] - The company's cash and cash equivalents rose to RMB 50,829 million, up 69.1% from RMB 30,024 million at the end of 2024[37] - The cash received from tax refunds decreased by 53.5% to RMB 1,164 million, down from RMB 2,503 million in the same period last year[11] - The company's cash and cash equivalents at the end of the first quarter of 2025 stood at RMB 103,341 million, an increase from RMB 110,964 million at the end of the first quarter of 2024[47] Production and Sales - The total oil and gas equivalent production reached 130.97 million barrels, a year-on-year increase of 1.7%, with natural gas production at 3,684.3 billion cubic feet, up 5.1%[19][20] - The company processed 62.13 million tons of crude oil, producing 37.19 million tons of refined products, with a year-on-year increase of 11.3% in chemical light oil production[22][24] - Total refined oil sales volume for Q1 2025 was 55.59 million tons, a decrease of 7.1% compared to Q1 2024[25] - Ethylene production reached 3,861 thousand tons in Q1 2025, representing a year-on-year increase of 17.7%[26] - The exploration and development segment reported external sales of CNY 46,041 million, a decrease of 11.5% from CNY 52,182 million in the previous year[63] - The refining segment's external sales increased to CNY 44,602 million, up 7.0% from CNY 41,422 million year-over-year[63] - The marketing and distribution segment's external sales decreased to CNY 372,249 million, down 8.8% from CNY 408,420 million in the same period last year[63] - The chemical segment reported external sales of CNY 101,094 million, an increase of 2.0% compared to CNY 98,333 million in Q1 2024[63] Expenses and Liabilities - Financial expenses rose by 69.3% to RMB 4,579 million, primarily due to increased foreign currency loan exchange losses[11] - The company incurred a loss of RMB 1.32 billion in the chemical segment during Q1 2025[25] - Total liabilities increased to RMB 703,496 million, up 4.3% from RMB 674,133 million at the end of 2024[38] - Current liabilities totaled RMB 653.47 billion as of March 31, 2025, down from RMB 673.24 billion at the end of 2024[34] Strategic Initiatives - The company increased its focus on integrated operations and regional optimization to enhance market expansion and cost control[18] - The company aims to enhance its product structure and increase the production of high-value products, including special oils and advanced carbon materials[22] - The company is actively expanding its gas station and charging station network, with a significant year-on-year increase of 116% in vehicle LNG retail volume[23] - The company plans to focus on expanding its market presence and enhancing operational efficiency in the upcoming quarters[46] - The company expects to improve operational efficiency and reduce costs in the upcoming quarters to enhance profitability[64] Shareholder Activities - The company repurchased 36,180,000 H shares during the reporting period, continuing its share buyback program[28] - As of April 25, 2025, the controlling shareholder, Sinopec Group, had increased its stake by acquiring 24,727,400 shares[29]

股票代码：600028 股票简称：中国石化 公告编号：2025-19 中国石油化工股份有限公司 对外担保公告 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。 重要内容提示： 中国石化按其在福建炼化 50%的持股比例为福建炼化在合资协议项下产 生的责任和债务提供履约支持，该等金额不超过相应责任上限。 福建炼化系中国石化持股 50%的并表子公司，不属于本公司在上交所《股 票上市规则》项下规定的关联人。 福建炼化在合资协议项下的不同义务，中国石化按其在福建炼化 50%的 持股比例承担的履约支持责任上限预计分别为：（1）出资义务的上限为 7,200,226,667 元；（2）古雷二期项目开发费用或业主费用的超支部分（如发生） 的上限为 57.6 亿元；（3）如发生购买新加坡阿美股权的事项，上限为 59.3 亿元； （4）其他义务（如项目建设偏离项目范围或适用法律与其他项目标准可能承担 的义务等）的上限为 72 亿元。 截至本公告日，本公司未向福建炼化提供其他担保。 一、释义 本次履约支持不存在反担保。 对外担保逾期的累计数量：无 | ...

Financial Performance - For the first quarter of 2025, the company's operating revenue was RMB 735,356 million, a decrease of 6.9% compared to RMB 789,967 million in the same period of 2024[10]. - The net profit attributable to shareholders of the parent company was RMB 13,264 million, down 27.6% from RMB 18,316 million year-on-year[10]. - The basic earnings per share for the period was RMB 0.109, representing a decline of 28.8% from RMB 0.153 in the previous year[10]. - The company’s operating profit was RMB 20,895 million, reflecting a 23.5% decrease from RMB 27,320 million in the same quarter of 2024[13]. - The net profit attributable to shareholders based on international financial reporting standards was RMB 13,975 million, down 25.4% from RMB 18,721 million year-on-year[13]. - The company reported a total comprehensive income of RMB 2,267 million for Q1 2025, compared to RMB 5,172 million in Q1 2024[48]. - The net profit for Q1 2025 was 14,506 million RMB, down 32.3% from 21,360 million RMB in Q1 2024[45]. - The total operating revenue for Q1 2025 was RMB 735,356 million, a decrease of 6.9% compared to 789,967 million RMB in Q1 2024[58]. - The main business income for Q1 2025 was RMB 719,832 million, down from RMB 773,656 million in the same period last year, representing a decline of 6.9%[58]. - The operating profit for Q1 2025 was RMB 20,895 million, compared to RMB 27,320 million in Q1 2024, reflecting a decrease of 23.5%[58]. - The net profit attributable to shareholders for Q1 2025 was RMB 13,975 million, down 25.4% from RMB 18,721 million in Q1 2024[58]. - The earnings per share for Q1 2025 was RMB 0.115, a decrease from RMB 0.156 in Q1 2024[58]. Assets and Liabilities - The total assets as of March 31, 2025, were RMB 2,123,049 million, an increase of 1.8% from RMB 2,084,771 million at the end of 2024[10]. - The company’s total liabilities increased significantly, with bonds payable rising by 105.7% to RMB 52,579 million due to the issuance of long-term bonds for financing[14]. - Total liabilities increased to 1,132,556 million RMB as of March 31, 2025, compared to 1,108,478 million RMB at the end of 2024, reflecting a growth of 2.2%[40]. - The company's total assets reached 2,123,049 million RMB, an increase of 1.9% from 2,084,771 million RMB[40]. - The total equity attributable to shareholders increased to 834,815 million RMB, up from 819,922 million RMB, marking a growth of 1.1%[40]. - The company's net assets reached RMB 986,360 million, up from RMB 972,147 million, marking an increase of about 1.5%[62]. - The company's long-term debt increased to RMB 217,847 million from RMB 187,202 million, reflecting an increase of approximately 16.4%[62]. Cash Flow and Investments - The net cash flow from operating activities was RMB 8,138 million, a significant improvement from a cash outflow of RMB 13,755 million in the same period last year[10]. - Cash received from tax refunds was RMB 1.164 billion, a decrease of 53.5% compared to RMB 2.503 billion in the previous period[15]. - Cash paid for investments increased by RMB 1.962 billion, reflecting higher capital injections into joint ventures[15]. - The net cash generated from operating activities for the first quarter of 2025 was RMB 8,138 million, a significant improvement compared to a cash outflow of RMB 13,755 million in the same period of 2024[63]. - Investment activities resulted in a net cash outflow of RMB 32,446 million in Q1 2025, compared to RMB 43,082 million in Q1 2024[50]. - Financing activities generated a net cash inflow of RMB 36,121 million in Q1 2025, down from RMB 45,931 million in Q1 2024[51]. - Capital expenditures for Q1 totaled RMB 18.248 billion, with RMB 12.595 billion allocated to exploration and development[33]. - Capital expenditures for the first quarter of 2025 were RMB 24,232 million, a decrease from RMB 28,456 million in the same period of 2024, reflecting a reduction of approximately 14.0%[63]. Production and Sales - Oil and gas equivalent production reached 130.97 million barrels, representing a year-on-year increase of 1.7%, with natural gas production at 3,684.3 billion cubic feet, up 5.1% year-on-year[22]. - The total sales in the exploration and development segment for Q1 2025 was RMB 75,894 million, down 4.8% from RMB 79,812 million in Q1 2024[55]. - The refining segment reported a total sales of RMB 354,456 million in Q1 2025, a decrease of 5.3% from RMB 374,212 million in Q1 2024[55]. - The marketing and distribution segment's sales for Q1 2025 were RMB 374,380 million, down 8.7% from RMB 410,155 million in Q1 2024[55]. - The chemical segment reported a total sales of RMB 124,051 million, slightly up from RMB 122,988 million in Q1 2024, indicating a growth of 0.9%[55]. - The company reported a 4.0% decline in refined oil demand, while chemical product demand continued to grow with a 3.1% increase in ethylene equivalent consumption[21]. - The average price of Brent crude oil was USD 75.7 per barrel, a decrease of 9.0% year-on-year[21]. - The average realized price for crude oil was USD 71.50 per barrel, down 5.2% year-on-year[23]. - Total refined oil sales volume was 55.59 million tons, down 7.1% year-on-year, with retail volume at 27.43 million tons, a decrease of 6.4%[29]. - Ethylene production increased by 17.7% year-on-year to 3.861 million tons, while the chemical segment reported a loss of RMB 1.321 billion[30][31]. Financial Expenses and Income - Financial expenses increased by RMB 1.875 billion, a rise of 69.3%, primarily due to increased foreign currency loan exchange losses[15]. - Investment income decreased by RMB 3.825 billion, down 69.9%, affected by changes in hedging business profits and declines in some joint ventures[15]. - The fair value changes resulted in a gain of RMB 2.463 billion, a significant increase compared to a loss of RMB 4.897 billion in the previous period[15]. - The company incurred financial expenses of RMB 4,579 million in Q1 2025, compared to RMB 2,704 million in Q1 2024, marking an increase of 69.5%[56]. - The company reported a total of RMB 2,684 million in share of profits from associates and joint ventures, a decrease from RMB 2,798 million year-over-year[66]. Future Plans and Strategies - The company plans to enhance its integrated energy services, focusing on LNG and hydrogen energy development[28]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[45]. - The company aims to improve operational efficiency and reduce costs in response to declining revenues[49]. - The company plans to focus on market expansion and new technology development in the upcoming quarters[49].

Group 1: Smartphone Market - Xiaomi has regained the top position in the Chinese smartphone market after ten years, with a shipment of 13.3 million units and a market share of 18.6%, representing a year-on-year growth of 39.9% [2] - Huawei shipped 11.2 million units with a market share of 15.7%, showing a year-on-year increase of 10% [2] - Apple experienced a decline, shipping 9.8 million units and a market share of 13.7%, down 10% year-on-year [2] Group 2: Corporate Developments - Apple is restructuring its teams, moving its robotics team to the hardware department, indicating dissatisfaction with its AI and machine learning leadership [3] - Cyberspace Group has submitted an application for listing on the Hong Kong Stock Exchange, with joint sponsors being CICC and China Galaxy International [4] - Warner Pharmaceuticals has received approval for its bismuth potassium citrate granules, which will enhance its market competitiveness [12] Group 3: Financial Performance - CICC reported a net profit of 2.042 billion yuan for Q1, a year-on-year increase of 64.85%, with revenues of 5.721 billion yuan, up 47.69% [9] - WuXi AppTec achieved a net profit of 3.672 billion yuan in Q1, marking a year-on-year growth of over 89% [10] - Shanghai Pharmaceuticals reported a net profit of 1.333 billion yuan in Q1, down 13.56% year-on-year [11] Group 4: Consumer Goods - Lao Feng Xiang reported a net profit of 613 million yuan in Q1, a decrease of 23.55% year-on-year, with revenues of 17.521 billion yuan, down 31.64% [13] - Three squirrels reported a net profit of 239 million yuan in Q1, a decline of 22.46% year-on-year, with revenues of 3.723 billion yuan, up 2.13% [16] Group 5: New Initiatives - China Petroleum & Chemical Corporation has commenced construction on a 30,000-ton carbon fiber project, expected to be completed by 2027, supporting the new materials industry [22][23] - ZTE is entering the companion robot market, planning to launch products focused on security monitoring and emotional companionship [6] Group 6: Market Trends - TikTok is implementing new regulations to combat malicious marketing accounts, introducing a health score mechanism for accounts [8] - The dining reservation volume for the upcoming holiday has surged, with Haidilao receiving over 25,000 reservations for the first day of the holiday [15]

Group 1 - The combustible ice concept rose by 1.72%, ranking second among concept sectors, with five stocks increasing, including Xinjin Power which hit a 20% limit up [1] - The leading gainers in the combustible ice sector included Qianeng Hengxin, ShenKai Co., and Nanjing Steel, which rose by 3.55%, 1.88%, and 1.38% respectively [1] - The sector experienced a net inflow of 0.41 billion yuan from main funds, with Xinjin Power receiving the highest net inflow of 54.40 million yuan [2][3] Group 2 - The main fund inflow ratios for Xinjin Power, China Petroleum, and Qianeng Hengxin were 29.53%, 8.80%, and 5.98% respectively [3] - The trading volume and net inflow for Xinjin Power were 8.39% and 54.40 million yuan, while China Petroleum had a trading volume of 0.11% and a net inflow of 50.90 million yuan [3][4] - The stocks with the largest declines included Haimer Technology, Taishan Petroleum, and Petrochemical Machinery, which fell by 1.67%, 1.46%, and 1.32% respectively [1][4]

Market Overview - The Shanghai Composite Index fell by 0.20% on April 28, with five sectors rising, led by banking and steel, which increased by 0.98% and 0.53% respectively [1] - The real estate and comprehensive sectors experienced the largest declines, down by 3.66% and 2.52% respectively [1] - The oil and petrochemical sector saw a slight decrease of 0.03% [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 29.894 billion yuan, with only two sectors seeing net inflows: steel with 200 million yuan and oil and petrochemicals with 66.93 million yuan [1] - The electronics sector had the largest net outflow, totaling 3.104 billion yuan, followed by the automotive sector with a net outflow of 2.516 billion yuan [1] Oil and Petrochemical Sector Details - Within the oil and petrochemical sector, there are 48 stocks, with 9 rising and 36 falling, including one hitting the daily limit down [2] - The top net inflow stocks in this sector included China National Offshore Oil Corporation (CNOOC) with 53.071 million yuan, China Petroleum & Chemical Corporation (Sinopec) with 50.902 million yuan, and Huajin Chemical with 44.7347 million yuan [2] - The stocks with the largest net outflows included ST Xinchao with 39.0339 million yuan, Intercontinental Oil and Gas with 22.5732 million yuan, and Bohai Chemical with 17.033 million yuan [2][3]