Core Viewpoint - The China International High-Tech Achievements Fair (referred to as the High-Tech Fair), known as "China's First Technology Exhibition," will be held from November 14 to 16, 2025, in Shenzhen, showcasing advancements in high-tech industries and facilitating global technology transactions [1]. Group 1: Event Overview - The High-Tech Fair has been successfully held for 26 sessions since its inception in 1999, becoming a significant platform for China's high-tech sector and innovation [1]. - The 27th High-Tech Fair will focus on a market-oriented exhibition concept, with an exhibition area planned to reach 400,000 square meters, inviting renowned technology companies from over 100 countries and regions [1]. Group 2: Exhibition Focus - The fair will cover various cutting-edge fields, including national key projects, artificial intelligence, smart manufacturing, robotics, semiconductors, clean energy, and more, showcasing the latest technological achievements and innovative solutions [1]. - Specific exhibition areas will include national key equipment, technology giants' industrial chains, international technology achievements, and sectors like low-altitude economy and data industry [1]. Group 3: Participation and Investment - Over 5,000 well-known companies, including China National Petroleum, China Petroleum & Chemical, Huawei, BYD, and Xiaomi, are expected to participate with significant technological equipment and innovative products [2]. - The total intended investment from participating investment institutions has exceeded 1 billion yuan, covering all stages of capital investment from angel rounds to Pre-A rounds [2].

Core Viewpoint - The article discusses the contrasting trends in the global green hydrogen market, highlighting a significant decline in overseas projects while China experiences a surge in investment and development in green hydrogen initiatives [3][4]. Group 1: Global Green Hydrogen Market Trends - The CQ-H2 green hydrogen project in Australia, initially planned with an investment of 12.5 billion AUD (approximately 8.13 billion USD), has been terminated due to rising costs and uncertain market prospects [3]. - Numerous hydrogen projects worldwide have been canceled or postponed, amounting to hundreds of billions of dollars, indicating a crisis in the global green hydrogen market [3][4]. Group 2: China's Green Hydrogen Investment - Major Chinese state-owned enterprises, including State Power Investment Corporation, China Energy Group, and Sinopec, are aggressively investing in green hydrogen projects, indicating a robust domestic market [4][6]. - Sinopec's Kuqa photovoltaic hydrogen production project, with a total investment of nearly 3 billion CNY, is China's first 10,000-ton green hydrogen project, showcasing significant advancements in the sector [6]. - The National Power Investment Corporation is planning a green hydrogen carbon-neutral industrial base in Heilongjiang with a total investment of 60 billion CNY, aiming for an annual output value of 4 billion CNY [7]. Group 3: Project Investments and Capacities - A list of major green hydrogen projects in China shows a total investment of 329.5 billion CNY across ten projects, with the largest being the National Power Investment Corporation's project at 60 billion CNY [8]. - By the end of 2024, the National Energy Group is expected to have over 30 green hydrogen projects, contributing to a national green hydrogen industry chain [8]. Group 4: Challenges in Green Hydrogen Production - The production cost of green hydrogen in China ranges from 33.9 to 42.9 CNY per kilogram, significantly higher than coal-based hydrogen, which is three times more expensive [12]. - The average capacity utilization rate for green hydrogen production facilities is only about 10%, with actual production falling short of planned capacities, indicating inefficiencies in the sector [13]. - The volatility of renewable energy sources like wind and solar complicates the stable production of hydrogen, leading to high costs and low efficiency in green hydrogen projects [14].

Group 1 - The core point of the article is the application of a patent by Sinopec for a composite electrode material that includes an olive-shaped heterogeneous symbiotic oxide/graphene, which shows high cycling efficiency and specific capacity [1] - The patent application was filed on January 2024, and the publication number is CN120388994A [1] - The composite material consists of graphene and two types of metal oxide particles, which are one-dimensional nanoparticles, enhancing charge-discharge stability and performance [1] Group 2 - Sinopec, established in 2000, is primarily engaged in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [1] - The company has invested in 263 enterprises and participated in 5000 bidding projects, holding 5000 patent information and 45 trademark records [1] - Sinopec (Beijing) Chemical Research Institute, founded in 2021, focuses on the manufacturing of chemical raw materials and products, with a registered capital of 100 million RMB [2] - The research institute has invested in 4 enterprises and participated in 1268 bidding projects, holding 1661 patent records and 16 trademark records [2]

Group 1 - China Petroleum & Chemical Corporation (Sinopec) has applied for a patent for a method of continuously preparing cycloolefin copolymers, with the patent number CN120383694A and application date January 2024 [1] - The patented method involves a two-step process: first, synthesizing norbornene from ethylene and dicyclopentadiene in a toluene solution under high temperature and pressure, followed by a copolymerization reaction with ethylene [1] - The method is noted for its economic advantages and operational convenience, as the norbornene toluene solution is easier to transport and separate due to the similar boiling points of norbornene and toluene [1] Group 2 - China Petroleum & Chemical Corporation was established in 2000, located in Beijing, primarily engaged in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [2] - Sinopec has invested in 263 companies, participated in 5000 bidding projects, and holds 5000 patent records [2] - Sinopec Shanghai Petrochemical Company, established in 1993 in Shanghai, focuses on oil, coal, and other fuel processing, with a registered capital of approximately 1.08 billion RMB [2] - Sinopec Shanghai has invested in 22 companies, participated in 5000 bidding projects, and holds 1295 patent records [2]

Group 1 - The 27th China International High-Tech Achievements Fair (referred to as the High-Tech Fair) will take place from November 14-16, 2025, at the Shenzhen International Convention and Exhibition Center, marking a significant event in the global technology landscape [1][11] - The High-Tech Fair has been held 26 times since its establishment in 1999, becoming a crucial platform for showcasing cutting-edge technology and promoting brand visibility for Chinese tech companies [1][3] - Over 5,000 renowned enterprises, including major players like Huawei, BYD, and Xiaomi, are expected to showcase their latest technological innovations at this year's fair [5][9] Group 2 - The exhibition area for the 27th High-Tech Fair is planned to cover 400,000 square meters, with participation from over 100 countries and regions, focusing on the latest high-tech developments and facilitating technology transactions [3][6] - Specialized exhibition areas will be set up to highlight advancements in various fields, including artificial intelligence, robotics, semiconductor technology, and clean energy, aiming to drive innovation and collaboration [6][8] - The fair aims to attract significant investment, with intentions exceeding 1 billion yuan in various sectors, including biomedical and hard technology, indicating strong market interest and potential for growth [11][9] Group 3 - The previous High-Tech Fair achieved record-breaking results, with over 40,000 professional visitors and a transaction amount exceeding 120 billion yuan, showcasing its status as a leading global technology event [9][11] - The fair serves as a vital platform for technology transfer and enterprise financing, fostering deep integration between technology and the economy, and stimulating innovation [11][9] - The event will also feature numerous forums and procurement meetings, facilitating connections between technology providers and investors, further enhancing the collaborative environment [9][11]

中石化宁波工程有限公司，成立于2003年，位于宁波市，是一家以从事专业技术服务业为主的企业。企 业注册资本50000万人民币。通过天眼查大数据分析，中石化宁波工程有限公司共对外投资了9家企业， 参与招投标项目5000次，财产线索方面有商标信息4条，专利信息1128条，此外企业还拥有行政许可32 个。 来源：金融界 中石化宁波技术研究院有限公司，成立于2006年，位于宁波市，是一家以从事新闻和出版业为主的企 业。企业注册资本1000万人民币。通过天眼查大数据分析，中石化宁波技术研究院有限公司参与招投标 项目2次，财产线索方面有商标信息1条，专利信息1059条，此外企业还拥有行政许可3个。 石化盈科信息技术有限责任公司，成立于2002年，位于北京市，是一家以从事住宿业为主的企业。企业 注册资本50000万人民币。通过天眼查大数据分析，石化盈科信息技术有限责任公司共对外投资了9家企 业，参与招投标项目2159次，财产线索方面有商标信息113条，专利信息440条，此外企业还拥有行政许 可14个。 金融界2025年7月29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、中石化宁波技术 研究院有限公司、石化盈科 ...

Core Viewpoint - The energy industry is committed to implementing the decisions of the central government and aims to be a leader in high-quality targeted assistance work, emphasizing the importance of consumption assistance in promoting the development of impoverished areas [1][2]. Group 1: Meeting Overview - The National Energy Administration organized a conference on the consumption assistance cooperation action in the energy sector for 2025, attended by key representatives from 17 major energy state-owned enterprises [2]. - The meeting highlighted the achievements of the energy sector in consumption assistance since 2020, establishing a distinctive brand for targeted assistance work [1]. Group 2: Achievements and Impact - The "Energy Industry Consumption Assistance Cooperation Sales Platform," supported by the "Bain Life Network," has sold over 230 million yuan worth of specialty agricultural products from targeted assistance counties over the past five years [1]. - The meeting emphasized the need to enhance political awareness and understand the significant role of consumption assistance in current work, aiming to help impoverished areas develop unique industries and stimulate internal development [1].

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2]. Core Viewpoints - The report emphasizes that the "anti-involution" expectations are strengthening, suggesting attention to five major investment themes: 1. Polyester filament: The industry is expected to see a recovery in prosperity due to a high-quality development initiative and price increases driven by raw material costs and downstream recovery [5]. 2. MDI: The MDI market is characterized by high technical and capital barriers, with a concentrated competitive landscape. The report anticipates a shift in supply focus towards China due to aging overseas facilities [5]. 3. Industrial silicon and organic silicon: The report notes a potential improvement in supply-demand dynamics for industrial silicon, while organic silicon may see coordinated production cuts as a new norm [5]. 4. Polyester bottle chips: A significant portion of the industry is expected to undergo production cuts, which may lead to a recovery in industry profits [5]. 5. Sucralose: The report highlights a collaborative pricing strategy among leading companies, which is expected to support price increases in the coming periods [5]. Summary by Sections Market Performance - The basic chemical sector outperformed the market, with a weekly increase of 4%, ranking 8th among 31 industry sectors [6][18]. Key News and Company Announcements - The report discusses the launch of the Yarlung Zangbo River hydropower project, which is expected to significantly boost demand for chemical materials [6][31]. Product Price Changes - The report lists the top price increases for chemical products, including lithium carbonate and DMC, while also noting significant declines in products like hydrochloric acid [7]. Investment Recommendations - The report suggests focusing on core assets that have entered a long-term value zone, as well as industries facing supply constraints that may see price elasticity [7][15][16].

Market Overview - The FTSE China A50 Index showed mixed performance among bank stocks, while oil, coal, and electric power stocks declined [1][6] Banking Sector - Everbright Bank had a market capitalization of 242.84 billion with a trading volume of 0.38 billion, closing at 4.11, up by 0.03 (0.74%) [3] Insurance Sector - China Life Insurance had a market capitalization of 382.10 billion, with a trading volume of 1.46 billion, closing at 59.62, up by 1.12 (2.99%) [3] - China Pacific Insurance had a market capitalization of 371.44 billion, with a trading volume of 1.02 billion, closing at 38.61, up by 1.54 (2.65%) [3] - Ping An Insurance had a market capitalization of 1,085.69 billion, with a trading volume of 5.02 billion, closing at 8.64, up by 0.17 (2.01%) [3] Alcohol Industry - Kweichow Moutai had a market capitalization of 1,806.43 billion, with a trading volume of 3.41 billion, closing at 122.78, down by 16.99 (-1.17%) [3] - Shanxi Fenjiu had a market capitalization of 221.85 billion, with a trading volume of 1.14 billion, closing at 1438.01, down by 3.73 (-2.01%) [3] - Wuliangye had a market capitalization of 476.58 billion, with a trading volume of 1.31 billion, closing at 181.85, down by 0.76 (-0.62%) [3] Technology Sector - Haiguang Information had a market capitalization of 246.59 billion, with a trading volume of 1.20 billion, closing at 341.73, down by 0.23 (-0.07%) [3] - Northern Huachuang had a market capitalization of 282.22 billion, with a trading volume of 4.45 billion, closing at 674.60, up by 1.30 (0.19%) [3] - Cambricon Technologies had a market capitalization of 32.38 billion, with a trading volume of 1.79 billion, closing at 139.31, down by 2.18 (-1.54%) [3] Energy Sector - Sinopec had a market capitalization of 269.58 billion, with a trading volume of 5.34 billion, closing at 5.88, down by 0.11 (-1.27%) [3] - PetroChina had a market capitalization of 1,566.66 billion, with a trading volume of 8.05 billion, closing at 8.56, down by 0.06 (-1.08%) [3] Automotive Sector - BYD had a market capitalization of 1,846.26 billion, with a trading volume of 5.87 billion, closing at 37.78, down by 0.47 (-2.26%) [3] Securities Sector - CITIC Securities had a market capitalization of 363.53 billion, with a trading volume of 32.66 billion, closing at 29.86, up by 0.41 (2.03%) [4] Consumer Electronics - Luxshare Precision had a market capitalization of 272.89 billion, with a trading volume of 23.13 billion, closing at 28.83, up by 0.17 (0.59%) [4] Home Appliances - Gree Electric had a market capitalization of 228.16 billion, with a trading volume of 10.44 billion, closing at 25.72, down by 0.09 (-0.19%) [4] Pharmaceutical Sector - Heng Rui Medicine had a market capitalization of 404.93 billion, with a trading volume of 4.53 billion, closing at 48.52, up by 4.61 (8.17%) [4]

金融界2025年7月28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;中石化石油化工科 学研究院有限公司申请一项名为"聚脲基润滑脂及其制备方法"的专利，公开号CN120365972A，申请日 期为2024年01月。 中石化石油化工科学研究院有限公司，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，中石化石油化工科学研究院有限公司 共对外投资了2家企业，参与招投标项目1552次，专利信息1289条，此外企业还拥有行政许可292个。 来源：金融界 专利摘要显示，本发明提出了一种聚脲基润滑脂及其制备方法。本发明的聚脲基润滑脂，包括以下组 分：(A)磷酸酯盐，占所述聚脲基润滑脂总重量的0.1％～10％；(B)抗氧剂，占所述聚脲基润滑脂总重量 的0.1％～10％；(C)防锈剂，占所述聚脲基润滑脂总重量的0.1％～5％；(D)聚脲基稠化剂，占所述聚脲 基润滑脂总重量的1％～30％；(E)润滑基础油，构成所述聚脲基润滑脂的主要成分。本发明的聚脲基润 滑脂具有优良的极压抗磨性能和抗氧化性能，同时具有良好的胶体安定性、机械安定性，能够胜任于 ...