Core Viewpoint - The event "Searching for Sino-Arab Youth Cultural Ambassadors" held by Sinopec in Algeria serves as a significant platform for cultural exchange between China and Algeria, reinforcing the "Youth Talent" initiative under the framework of the China-Arab Cooperation Forum [1][3]. Group 1: Event Overview - The event took place in Algiers on November 10, showcasing the importance of youth perspectives in narrating Sino-Arab cooperation stories [1]. - A total of 165 entries were received for the competition, with 30 advancing to the semi-finals and 15 reaching the final presentation stage, ultimately resulting in 5 winners being named "Sino-Arab Youth Cultural Ambassadors" [3]. Group 2: Cultural Significance - The Algerian Minister of Culture and Arts emphasized the profound impact of Confucian philosophy on her youth and expressed hope that young people from both countries would act as cultural ambassadors to strengthen ties [3]. - The event highlighted the diversity and charm of Sino-Arab cultures, showcasing Sinopec's active contribution to promoting mutual understanding and cultural exchange [4]. Group 3: Sinopec's Role - Sinopec's Africa representative noted the company's commitment to sustainable development and its efforts in promoting energy cooperation alongside cultural exchanges [4][5]. - The company has been involved in energy cooperation in Algeria for 23 years, focusing on local project operations, job creation, and skills training while supporting youth cultural exchanges [5].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 公司名稱： 中國石油化工股份有限公司 呈交日期： 2025年11月11日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 00386 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 佔有關事件前的現有已發 已發行股份（不包括庫存股份）數 行股份（不包括 ...

Core Insights - Luoyang Petrochemical, a subsidiary of Sinopec, has shut down its two crude oil units for maintenance until the end of November [1] Company Summary - The maintenance closure affects the operations of Luoyang Petrochemical, which is part of the larger Sinopec refining network [1] - The duration of the maintenance is expected to last until the end of November, indicating a significant operational pause for the company [1] Industry Summary - The closure of crude oil units at a major refinery like Luoyang Petrochemical may impact crude oil supply dynamics in the region [1] - Maintenance activities are common in the refining industry, but extended shutdowns can lead to fluctuations in market supply and pricing [1]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) has made significant strides in enhancing energy supply capabilities and achieving high-quality energy development during the 14th Five-Year Plan period, focusing on deep oil and gas exploration, production capacity expansion, and international cooperation [2][3][4]. Group 1: Energy Supply and Production Capacity - Sinopec has achieved record-high oil and gas production, with notable projects such as the revival of the Fuxing Oilfield, which has proven geological reserves of 20.1 million tons of oil and 12.352 billion cubic meters of natural gas [3]. - The company has strengthened its ability to develop difficult-to-extract reserves and improve recovery rates, leading to a steady increase in crude oil production and a significant rise in natural gas output during the 14th Five-Year Plan [4]. - Sinopec has enhanced its gas storage and regulation capabilities, commissioning 16 gas storage facilities and several LNG tanks over the past five years [4]. Group 2: International Cooperation and Market Expansion - Sinopec has actively participated in the Belt and Road Initiative, establishing oil and gas production bases in countries like Egypt, Angola, and Kazakhstan, and executing numerous exploration and engineering projects [5]. - The company has signed integrated cooperation agreements with Qatar Energy for the North Field expansion project, further solidifying its international partnerships [5]. Group 3: Green Energy Transition - Sinopec has accelerated the development of green energy sources, including hydrogen, solar, and geothermal energy, aiming to transform into a comprehensive energy service provider [6][7]. - The company has launched a large-scale green hydrogen demonstration project in Xinjiang, contributing to carbon reduction efforts [6]. - Sinopec has become the largest geothermal energy company in China, with a clean heating capacity exceeding 12 million square meters [7]. Group 4: Technological Innovation and Digitalization - Sinopec has focused on advancing key technologies and equipment for oil and gas exploration and development, achieving breakthroughs in deep earth exploration and shale oil production [9][10]. - The company has established an industrial IoT system covering all oil and gas fields, enhancing decision-making capabilities through digitalization [10]. - Sinopec's efforts in carbon capture, utilization, and storage (CCUS) technology have led to the successful operation of a million-ton CCUS demonstration project, integrating carbon capture with enhanced oil recovery [8].

Core Insights - The 41st Abu Dhabi International Petroleum Exhibition recently concluded, focusing on energy transition, smart technology applications, and enhancing industry influence [1] - The event attracted over 2,250 companies and surpassed 200,000 attendees, establishing itself as a significant platform for global energy industry collaboration [1] - The UAE aims to explore a development path that harmonizes economic growth with environmental protection through continuous investment in advanced technology and clean energy [1] Group 1: AI and Technology in Energy - The deep application of artificial intelligence (AI) in the energy sector was a highlight, showcasing its role in optimizing energy systems and enhancing efficiency [1] - The CEO of Abu Dhabi National Oil Company reported that AI has improved production forecasting accuracy to 90%, aiming to become the most AI-integrated energy company globally [1] - A team from Mohammed bin Zayed University of Artificial Intelligence presented autonomous inspection robots and smart cooling systems, emphasizing AI's transition from a tool to a new infrastructure for industry advancement [2] Group 2: Global Participation and Innovations - Chinese companies showcased their innovations, with China National Petroleum demonstrating the Kunlun model, the largest AI system in the energy sector, achieving full-chain intelligent upgrades [2] - China National Offshore Oil Corporation displayed its advanced exploration equipment and intelligent oil fields, highlighting China's leadership in deep-water development and digital transformation [2] - The International Energy Agency noted that the integration of AI with the energy industry is an irreversible trend, enhancing energy allocation and reducing emissions costs [3]

Core Viewpoint - Recently, Sinopec (Shanxi) Coalbed Methane Co., Ltd. was established with a registered capital of 450 million RMB, focusing on oil and gas extraction, mineral resource exploration, and gas operations [1][1]. Company Information - The legal representative of the newly established company is Liu Xiao [1]. - The company is wholly owned by China Petroleum & Chemical Corporation (Sinopec) [1]. Business Scope - The business operations include land oil and natural gas extraction, mineral resource exploration, non-coal mining resource extraction, and gas operations [1][1].

天眼查工商信息显示，11月7日，中石化（山西）煤层气有限公司成立，法定代表人为刘晓，注册资本 4.5亿人民币，经营范围包括陆地石油和天然气开采、矿产资源勘查、非煤矿山矿产资源开采、燃气经 营等。股东信息显示，该公司由中国石化（600028）全资持股。 ...

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) is committed to enhancing energy supply capabilities and achieving high-quality energy development during the 14th Five-Year Plan period, focusing on oil and gas exploration, production, and green energy transition [3][4][5]. Group 1: Oil and Gas Exploration and Production - Sinopec has made significant advancements in oil and gas exploration, including the initiation of "Deep Earth Engineering" in the northwest and the establishment of a national-level shale oil demonstration zone in the Bohai Sea, leading to record-high oil and gas production [3][4]. - The company has successfully identified geological reserves of 20.1 million tons of oil and 12.352 billion cubic meters of natural gas in the Sichuan Basin, marking the birth of the first shale oil field in the region [4]. - Oil production has steadily increased, with shale oil production nearing 1 million tons annually and the Shunbei oil and gas field achieving an annual production capacity of 3 million tons of oil equivalent [5]. Group 2: Natural Gas Development - Natural gas production has seen rapid growth, with Sinopec focusing on efficient development of various gas types, including acidic gas, tight gas, and shale gas [5]. - The company has enhanced its gas storage and regulation capabilities by commissioning 16 gas storage facilities and several LNG tanks over the past five years [5]. Group 3: International Cooperation and Market Expansion - Sinopec has actively engaged in international energy cooperation, establishing oil and gas production bases in countries such as Egypt, Angola, and Kazakhstan, and executing numerous projects along the Belt and Road Initiative [6]. - The company has signed integrated cooperation agreements with Qatar Energy for the North Field expansion project, further solidifying its international presence [6]. Group 4: Green Energy Transition - Sinopec is advancing the development of green energy sources, including hydrogen, solar, and geothermal energy, aiming to become a comprehensive energy service provider [7][8]. - The company has established itself as the largest hydrogen production enterprise in China, with 11 hydrogen supply centers and 144 hydrogen refueling stations [8]. Group 5: Technological Innovation and Digitalization - Sinopec is focusing on technological advancements in oil and gas exploration, including the development of key technologies and equipment for deep earth exploration [10][11]. - The company has implemented a digital and intelligent upgrade strategy, establishing an industrial IoT system across all oil and gas fields and enhancing decision-making support systems [11].

Investment Rating - The report maintains a recommendation for investment in sectors focusing on domestic demand, high dividends, and import substitution [1]. Core Viewpoints - The report highlights that the chemical industry is currently experiencing a mixed performance, with some products seeing significant price increases while others are declining. It emphasizes the importance of focusing on sectors like glyphosate, fertilizers, and high-dividend assets amid a backdrop of fluctuating oil prices and uncertain international conditions [6][23]. - The report suggests that the international oil price is expected to stabilize around $65 per barrel, influenced by rising U.S. oil inventories and geopolitical uncertainties [6][24]. Summary by Relevant Sections Chemical Industry Investment Suggestions - The report recommends focusing on sectors likely to enter a growth cycle, such as glyphosate, which is showing signs of recovery with decreasing inventory and rising prices [23]. - It also suggests selecting stocks with strong competitive positions and growth potential, particularly in the lubricant additives and coal-to-olefins sectors [23]. - The report highlights the importance of domestic demand in the chemical fertilizer sector, particularly nitrogen and phosphate fertilizers, which are expected to maintain stable demand [23]. Price Movements of Chemical Products - Significant price increases were noted for natural gas (up 30.25%), nitric acid (up 20.59%), and liquid chlorine (up 10.27%) [20][21]. - Conversely, products like ammonium chloride and butadiene experienced substantial declines, with drops of -13.33% and -12.66% respectively [20][21]. Market Trends and Analysis - The report indicates that the chemical industry is currently in a weak overall performance phase, with mixed results across different sub-sectors due to past capacity expansions and weak demand [21][23]. - It emphasizes the need to pay attention to high-quality assets in the oil sector, particularly state-owned enterprises like Sinopec, which are expected to benefit from lower raw material costs due to declining oil prices [23].

EE305 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: China Petroleum & Chemical Corporation Date Submitted: 10 November 2025 Section I must be completed by a listed issuer where has been a charge in its issued shares or teasury shares which is discloseable pursuant to rule 13.25A of the Rules Gov .i.sting of Securities on The Stock Exchange of H ...