Group 1 - The oil and gas investment heat is rapidly rising due to multiple favorable factors in the market, including geopolitical tensions and extreme weather in the US affecting supply capacity, alongside OPEC+'s decision to maintain supply restrictions [1] - Demand-side factors include the gradual construction of reserve inventories globally and the expected boost in refined oil consumption due to the Federal Reserve's interest rate cuts, with demand in Asia, Africa, and Latin America anticipated to rise [1] - The US dollar index has reached a near four-year low, further supporting the rise in oil prices denominated in dollars, as historical trends show an inverse relationship between oil prices and the dollar index [1] Group 2 - Huatai Securities indicates that geopolitical premiums have led to a rebound in oil prices during the off-season, with expectations for oil prices to rise in Q2 to Q3 of 2026 due to demand recovery and global reserve accumulation [1] - The Huatai Baichuan Oil and Gas ETF tracks the CSI Oil and Gas Industry Index, which includes 60 fundamentally strong A-share oil and gas companies, providing investors with a convenient tool to access the overall opportunities in the A-share oil and gas sector [1]

中国石油化工股份有限公司，成立于2000年，位于北京市，是一家以从事石油和天然气开采业为主的企 业。企业注册资本12173968.9893万人民币。通过天眼查大数据分析，中国石油化工股份有限公司共对 外投资了269家企业，参与招投标项目5000次，财产线索方面有商标信息45条，专利信息5000条，此外 企业还拥有行政许可41个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，中石化南京化工研究院有限公司、中国石油化工股份有限公司取得一项名 为"含有醇胺的具有酸性气体吸收功能的组合物和应用"的专利，授权公告号CN116116170B，申请日期 为2021年11月。 天眼查资料显示，中石化南京化工研究院有限公司，成立于1994年，位于南京市，是一家以从事批发业 为主的企业。企业注册资本8000万人民币。通过天眼查大数据分析，中石化南京化工研究院有限公司共 对外投资了3家企业，参与招投标项目488次，专利信息1755条，此外企业还拥有行政许可28个。 来源：市场资讯 ...

Group 1 - China Petroleum & Chemical Corporation (Sinopec) has applied for a patent titled "Directional Cooling Working Blade Drill Bit," with publication number CN121407849A, filed on October 2025. The invention includes a drill body and multiple cutting teeth, featuring at least one injection tooth with a hard alloy matrix and a composite layer on its top surface. The design aims for precise cooling, structural toughness, and high compatibility [1] - Sinopec was established in 2000 and is based in Beijing, primarily engaged in oil and gas extraction. The company has a registered capital of approximately 12.17 billion RMB and has invested in 269 enterprises, participated in 5,000 bidding projects, and holds 5,000 patent records [1] Group 2 - Sinopec Petroleum Machinery Co., Ltd. was founded in 1998 and is located in Wuhan, focusing on specialized equipment manufacturing. The company has a registered capital of approximately 955.67 million RMB, has invested in 15 enterprises, participated in 1,807 bidding projects, and holds 1,819 patent records [2]

1月25日上午10时，位于塔克拉玛干沙漠腹地的顺北油田，气温低至零下15摄氏度，但顺北5-26X井场 却是一派火热繁忙的景象，中石化中原塔里木分公司90107钻井队正在进行搬迁作业。工人们忙着拆 解、打包各类钻井设备，搬迁车队在新老井场往来穿梭，大班人员登上设备挂绳套、抡起榔头砸销子， 呼出的热气在面罩上结成了霜。 "刚刚过去的2025年，我们钻井队在顺北工区施工3口井，打破多项深地钻井纪录，夺得工区第一名。我 们将以这次搬迁为新起点，向更快速度发起挑战。"正在现场指挥作业的平台经理褚定宇表示。 为确保作业安全，该公司装备管理专家张志涛带领生产、安全部门的人员驻井带班盯防。他们和队干部 一起，往返新老井场，指挥吊装、起井架等高风险作业。得益于超前谋划、组织有序，本次搬迁作业做 到了安全高效，为新井尽快开钻提供了保证。 1月27日，仅用4天时间，90107钻井队便完成顺北5-29H井设备搬安任务，一举打破顺北工区钻井队搬 迁时间最短纪录。 "我们将当好'深地工程'标杆队，不断刷新深地钻井速度，为保障国家能源安全再立新功!"迎着新年的曙 光，望着缓缓立起的井架，褚定宇眼神中透露出自信和坚定。 搬迁作业进行前，褚定 ...

Group 1: Market Performance - The A-share liquor sector experienced a significant surge, with a rise of 9.68% on January 29, leading the market performance for the day [1][2] - The oil and gas extraction and service sector also saw a notable increase of 8.18%, with a total transaction volume of 32.31 billion [2] - The precious metals sector rose by 8.04%, with a transaction volume of 70.62 billion, indicating strong market interest [2] Group 2: Energy and Petrochemical Sector Dynamics - The energy and petrochemical sector's rise began in early January 2026, with domestic crude oil futures rebounding from 411 yuan/barrel to 475 yuan/barrel, a 15% increase [4] - The oil and gas extraction and service sector has accumulated a remarkable increase of 44.22% year-to-date, ranking second in market performance, only behind precious metals [7] - The petrochemical ETF (159731) has shown a cumulative increase of 14.71% since the beginning of the year, reflecting strong investor interest [9] Group 3: Geopolitical and Economic Influences - The recent surge in the petrochemical sector is driven by escalating geopolitical tensions, particularly between the U.S. and Iran, raising concerns over oil supply stability [11] - The market has priced in a risk premium of $3-8 per barrel due to fears of potential disruptions in oil supply from Iran, which produces approximately 3.3 million barrels per day [11] - The classic rotation pattern in commodity markets, where precious metals lead, followed by industrial metals and then energy, is being validated again [14][16] Group 4: Agricultural Sector Insights - The agricultural sector is expected to gain market attention as commodity prices rise, driven by increased costs in agricultural production due to higher energy prices [17][24] - The CPI and food prices have shown signs of recovery, with the CPI rising by 0.8% year-on-year, indicating a potential shift in consumer price dynamics [18] - The agricultural ETF (516810) tracks a comprehensive index covering the entire agricultural value chain, which may benefit from the rising commodity prices [26] Group 5: Industry Outlook - The petrochemical industry is at a turning point, with new policies aimed at preventing excessive competition and improving profitability [22] - The capital expenditure ratios in the refining and chemical sectors are showing a trend towards conservatism, indicating a strategic shift among companies [23] - The anticipated recovery in the petrochemical sector is supported by both geopolitical factors and the broader commodity market dynamics, suggesting a favorable outlook for industry leaders [24][25]

上海石化 石化油服 中国石化 中国化学 中石化冠德 上海石油化工 分时图 日K线 周K线 月K线 3.28 0.07 2.18% 股份 3.12% 2.18% 0.93% 0.00% 0.93% 2.18% 3.12% 3.11 3.14 3.18 3.21 3.24 3.28 3.31 09:30 10:30 11:30/13:00 14:00 15:00 4万 145万 286万 427万 截至2025年11月，全国工业品PPI、生产资料PPI及化工工业PPI均连续38个月呈现同比负增长，形成仅 次于2012-2016年周期(当时为连续54个月)的历史第二长负增长持续期间。 华泰证券研报指出，大宗化学品正处于产能及库存周期双拐点，随着2026年国内外需求恢复，有望进入 上行期。同时由于中国化学（601117）品销售量全球全占比过半，未来企业资本开支强度较2015-2025 年将显著下降，股息支付率将攀升。 1月下旬以来，美国遭遇冬季风暴极端天气已造成部分受灾地区天然气/电力供应中断、能源价格上涨等 影响，其中作为美国化工重要供给区的得克萨斯州墨西哥湾沿岸炼油、化工等部分工厂开工已受影响。 考虑到美国较多大 ...

Core Viewpoint - The petrochemical sector is experiencing mixed performance, with the China Petroleum and Chemical Industry Index showing a slight decline, while the Petrochemical ETF has seen significant inflows and growth in net value over the past two years [1][2]. Group 1: Market Performance - As of January 29, 2026, the China Petroleum and Chemical Industry Index decreased by 0.27%, with stocks like Sankeshu and Zhongfu Shenying leading gains, while companies like Hebang Bio and China Petroleum faced declines [1]. - The Petrochemical ETF (159731) fell by 0.47%, with a latest price of 1.05 yuan and a trading volume of 2.12 billion yuan, indicating active market participation with a turnover rate of 17.99% [1]. Group 2: Fund Flows and Performance Metrics - The Petrochemical ETF has seen continuous net inflows for 16 days, totaling 838 million yuan, with the latest share count reaching 1.106 billion and a total scale of 1.166 billion yuan, marking a new high [2]. - Over the past two years, the net value of the Petrochemical ETF has increased by 66.80%, with the highest single-month return recorded at 15.86% and the longest consecutive monthly gain spanning 8 months, achieving a maximum increase of 41.6% [2]. - The average return during the rising months of the Petrochemical ETF is 5.25%, and as of January 23, 2026, the one-year Sharpe ratio stands at 2.22 [2]. Group 3: Industry Trends and Outlook - According to Guosen Securities, the petrochemical sector is strictly implementing capacity reduction and replacement requirements for new refining projects, focusing on upgrading old facilities and demonstrating new technologies [2]. - The refining capacity in China is approaching the policy threshold of 1 billion tons, leading to the gradual consolidation and elimination of smaller capacities, while larger refineries are expected to increase their market share, optimizing the industry structure [2]. - With limited growth in refined oil demand, the transition towards "reducing oil and increasing chemicals" will be essential for refineries [2]. Group 4: Key Stocks in the Index - The top ten weighted stocks in the China Petroleum and Chemical Industry Index as of December 31, 2025, include Wanhua Chemical, China Petroleum, and China Petrochemical, collectively accounting for 56.73% of the index [2].

石化四建公司董事、党委书记董克学主持会议并讲话，要求：进一步认清责任、明晰责任、压实责任，坚定 不移从严管理、铁腕整治、标本兼治，坚决打好安全环保攻坚战，全面提升HSE管理水平，以新作为、新担 当推动各项工作开好局、起好步，为完成全年各项目标任务、加快实现高质量发展打造坚实基础。 石化四建公司领导班子成员出席会议。会前首先进行五分钟安全教育分享，石化四建公司总经理、党委副书 记刘辉作主题为《全面推进体系落地狠抓安全能力提升为实现公司特色发展战略筑牢安全防线》HSE工作报 告，全面总结2025年工作，从2026年HSE目标指标、推动体系建设、提升本质安全水平、强化安全监督检 查、完善保障机制、培育安全文化、深化健康管理、践行绿色施工等方面进行部署安排。石化四建公司党委 委员领导班子成员传达中国石化集团公司2026年HSE工作会议精神，宣读2025年度安全生产先进单位和先进 个人表彰决定。 董克学强调，2026年中国石化集团公司将开展安全环保攻坚战三年行动，要以专项行动作为工作主线，全面 落实专业责任，强化本质安全环保的技术支撑，持续深入推进安全环保工作，不断提高工作成效，全力以赴 保障公司高质量发展。 1月27 ...

中国石化扬子石化芳烃部编制"24条严重违章行为"小卡片，便于监护人随身携带对照监督检查，同时操 作人员也可对照查摆生产中的不安全行为，被大家誉为行走的"规章制度"，"小卡片"守护"大安全"。 （1月27日《江苏工人报》） 这张印有"24条严重违章行为"的小卡片，既是违章警示的"随身镜"，让安全生产理念更好入脑入心；也 是应急处置的"导航仪"，让风险防控有章可循，让安全生产管理防患于未然；更是职工可以随身携带， 供查阅学习的"安全宝典"，让安全生产精细化管理的举措落到实处。 （来源：劳动午报） 转自：劳动午报 一般来说，传统的企业安全培训资料繁多，职工学习后容易遗忘。该企业将"24条严重违章行为"化繁为 简，提炼成简洁明了的要点，跳出了安全教育"大水漫灌"的粗放模式，而是以"精准滴灌"的方式，把安 全教育落实到每一个职工，变被动接受为主动应用。 笔者以为，安全生产无小事。从一定意义上来说，这张小小的卡片，承载的不仅是安全规范操作的要求 和如何对违章行为的处罚，更是企业对职工生命安全的敬畏，本质是对"以人为本""安全第一"理念的深 化。愿更多行业、更多企业都能善用类似"微载体"，将安全要求融入日常、落到细节，让安 ...

Core Viewpoint - The article discusses the focus of fund managers on semiconductor equipment and technology sectors, highlighting the performance of key fund managers and their investment strategies in these areas [4][20]. Fund Manager Performance - Fund managers Xie Zhiyu and Qiao Qian have significant management scales of 38.6 billion and 24 billion respectively, with annualized returns of 18% and 13.52% since their tenure began [4]. - Xie Zhiyu's fund, Xingquan Helun Mixed A, achieved a return of 35.7% in 2025, outperforming the CSI 300 index by 18 percentage points [4][5]. - Qiao Qian's fund, Xingquan Business Model Mixed A, recorded a return of 38.05% in 2025, with a net value growth exceeding 10% in early 2026 [5][6]. Investment Focus - Both fund managers are concentrating on technology sectors, particularly overseas computing power and semiconductor equipment [8][9]. - Xie Zhiyu maintains a high equity position, with 92.5% of the fund's net value in stocks by the end of the fourth quarter [11]. - Qiao Qian's fund also operates with a high equity position of 94.4% at the end of the fourth quarter [16]. Portfolio Adjustments - Xie Zhiyu's fund saw significant changes in its top holdings, with the introduction of storage testing and module leader Baiwei Storage, which is expected to see a net profit growth of 427%-520% in 2025 [12]. - New entries in the top ten holdings for Xie Zhiyu include semiconductor equipment stocks Tuo Jing Technology and Huahai Qingke, while North China Innovation, Lens Technology, and Focus Media exited the list [13]. - Qiao Qian's fund also adjusted its top holdings significantly, with six new entries, including Baiwei Storage and Huahai Qingke, while North China Innovation and Lens Technology were removed [17]. Overall Market Outlook - The two fund managers agree on the positive outlook for technology sectors, particularly semiconductor equipment, storage, and overseas computing power [20].