格隆汇10月14日｜天合光能宣布，天合储能成为中国石化江苏油田新源矿业盐卤首站储能电站建设项目 唯一中标单位。 ...

内容概要：LNG油改气通过技术改造将传统燃油交通工具转为以LNG为燃料，凭借其低温液态特性实 现高效储运，且污染物排放大幅降低、燃料成本显著下降，成为清洁能源转型的重要方向。政策层面， 我国通过《2030年前碳达峰行动方案》等顶层设计，从能源结构优化到基础设施完善构建了全方位支持 框架，地方政策如湖南高速公路LNG加气站布局方案则针对性解决加气瓶颈，增强用户信心。市场供 需方面，国内"富煤缺油少气"特征导致天然气供需缺口持续扩大，LNG因储运效率高、调峰能力强成为 关键过渡能源，但2025年1-8月进口依赖度仍达68%，接收站设施负荷率有待提升。需求端，LNG在货 运、长途运输领域加速替代柴油，重卡领域年均燃料成本降低35%-40%，推动天然气重卡销量稳步增 长，2025年虽受市场转换影响销量下滑，但需求韧性仍强。基础设施上，LNG加气站数量快速增长， 预计2025年突破7000座，形成覆盖全国的加注网络。未来，行业将向全链条智能化、低碳化与氢能耦 合、区域市场分化与全球资源整合三大趋势演进，通过技术升级、能源结构优化和国际合作，实现从资 源进口到技术输出的战略转型。 上市企业：中国石油（601857.SH） ...

Core Viewpoint - The chemical industry is experiencing significant structural characteristics in the first half of 2025 due to complex domestic and international economic environments, energy price fluctuations, and differentiated end-user demand, with some leading companies achieving counter-cyclical growth through industry chain layout, technological advantages, and risk management capabilities [1][2]. Industry Overview - In the first half of 2025, the integrated refining and chemical sector saw total operating revenue decline by 8.80% year-on-year, with net profit attributable to shareholders dropping by 15.95% [2]. - Major companies such as Sinopec, PetroChina, Rongsheng Petrochemical, and Hengli Petrochemical reported varying degrees of revenue and profit declines [2]. - The chemical fiber sector exhibited an overall revenue decline of approximately 3% and a net profit drop of 16.47%, with significant disparities among companies [2]. Company Performance - Leading companies like Juhua Co. and Xin Fengming achieved net profit growth despite industry pressures, with Juhua benefiting from the "policy cycle dividend" in the fluorochemical sector [4]. - Xin Fengming utilized a strategy of "integrated industry chain + futures hedging" to navigate challenges in the polyester filament industry, achieving a revenue increase of 7.10% to approximately 3.35 billion yuan and a net profit growth of 17.28% to about 70.92 million yuan [5]. Risk Management Strategies - Increasingly, chemical companies are incorporating risk management into their core business strategies, with futures derivatives becoming a key tool for managing risks associated with raw material price fluctuations and exchange rate volatility [6][8]. - Companies like Hengli Petrochemical and Xin Fengming have effectively utilized futures trading to mitigate adverse impacts from price volatility, enhancing operational predictability [6][8]. Future Outlook - The chemical industry is at a critical turning point for "supply-demand rebalancing," with cautious optimism and signs of bottom recovery expected in the second half of 2025 [9]. - Positive factors include ongoing supply-side reforms, accelerated elimination of outdated capacity, stabilized energy prices, and the gradual emergence of demand resilience due to policies aimed at boosting consumption [9][10]. - Long-term, the industry is expected to focus on upgrading, with outdated facilities likely to exit the market, and companies will accelerate integrated layouts, digital transformation, and risk management capabilities [10].

在新能源汽车普及与"双碳"目标深入推进的背景下，传统加油站的转型成为能源行业发展的关键命题。 作为首都能源供应的重要力量，中国石化（600028）北京石油分公司以"油气氢电服"一体化战略为指 引，深耕氢能与充电业务，推动传统加油站向综合加能站加速蜕变，不仅缓解了"充电一小时，排队四 小时"的民生难题，更以精准的网络布局适配北京交通场景，为城市绿色出行与经济发展注入新动能。 "在保障传统加油业务稳定运营的基础上，我们用2年时间实现了充电网络从0到全覆盖（北京区域）的 突破，还布局油氢综合加能站服务氢能重卡等车型，并通过技术升级破解充电排队难题。"北京石油副 总经济师华磊在接受中国证券报记者专访时表示，未来，北京石油将同步探索换电、无线充电等新型补 能方式，为首都"充电友好之都"建设与绿色经济发展提供支持。 在保障传统能源网络稳定运营、满足市民加油需求的基础上，北京石油主动增加充换电、加氢业务占 比，推动向新能源的有效转型，确保两者协同发展，互不冲突。截至2025年8月底，北京石油在营充电 场站114座，其中超充场站29座；充电终端2771个，超充终端73个。 "短短2年时间，我们实现了充电网络从0到全覆盖（北京 ...

在新能源汽车普及与"双碳"目标深入推进的背景下，传统加油站的转型成为能源行业发展的关键命题。 作为首都能源供应的重要力量，中国石化北京石油分公司以"油气氢电服"一体化战略为指引，深耕氢能 与充电业务，推动传统加油站向综合加能站加速蜕变，不仅缓解了"充电一小时，排队四小时"的民生难 题，更以精准的网络布局适配北京交通场景，为城市绿色出行与经济发展注入新动能。 "在保障传统加油业务稳定运营的基础上，我们用2年时间实现了充电网络从0到全覆盖（北京区域）的 突破，还布局油氢综合加能站服务氢能重卡等车型，并通过技术升级破解充电排队难题。"北京石油副 总经济师华磊在接受中国证券报记者专访时表示，未来，北京石油将同步探索换电、无线充电等新型补 能方式，为首都"充电友好之都"建设与绿色经济发展提供支持。 ● 本报记者 刘杨 提升充换电业务占比 北京石油有关负责人介绍，小武基充电站于2024年初投入运营，站内设有36个充电桩，其中包含68把快 充枪和2把全液冷超充枪，可同时满足70辆新能源汽车的充电需求。"这座充电站的亮相，是北京石油加 速新能源转型的缩影。"该负责人对记者表示，近年来，北京石油积极融入首都发展战略，已在全市投 ...

证券之星消息，10月13日炼化及贸易板块较上一交易日下跌0.85%，桐昆股份领跌。当日上证指数报收 于3889.5，下跌0.19%。深证成指报收于13231.47，下跌0.93%。炼化及贸易板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 001316 | 润贝航科 | 33.30 | 3.10% | 3.85万 | | 1.29亿 | | 002476 | 宝莫股份 | 6.10 | 1.67% | 53.18万 | | 3.20亿 | | 300055 | 万邦达 | 6.57 | 1.23% | 34.57万 | | 2.25亿 | | 603223 | 恒通股份 | 9.83 | 0.00% | 7.55万 | | 7330.20万 | | 600028 | 中国石化 | 5.36 | -0.19% | 200.34万 | | 10.68 Z | | 002408 | 齐翔腾达 | 5.00 | -0.20% | 22.68万 | | 1.12亿 | ...

Core Insights - The latest U.S. sanctions on a major Chinese crude oil terminal have led Sinopec to divert a supertanker and reduce crude processing rates at some refineries [1][2][4] Group 1: Impact of U.S. Sanctions - The U.S. imposed sanctions on the Rizhao Shihua Crude Oil Terminal, which is partially owned by Sinopec, for receiving Iranian oil on sanctioned vessels [4] - Following the sanctions, Sinopec instructed several subsidiary refineries to cut their operation rates to 80% for the remainder of October [2] - Sinopec's crude oil processing is expected to decrease by approximately 3.36% in October, translating to about 5.16 million barrels per day [2] Group 2: Changes in Shipping and Logistics - A supertanker, the New Vista, originally scheduled to discharge at Rizhao, has changed its destination to Ningbo and Zhoushan ports [3] - The New Vista, chartered by Sinopec's trading arm Unipec, has a capacity of 2 million barrels and is currently carrying Abu Dhabi's Upper Zakum crude grade [3] Group 3: Significance of the Rizhao Terminal - The Rizhao terminal accounts for one-fifth of Sinopec's crude oil imports, highlighting its importance in the company's supply chain [5]

EE305 v 1.3.0 Page 1 of 17 v 1.3.0 FF305 | | | B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes 5 and 6) | | □ Not applicable | | | | --- | --- | --- | --- | --- | --- | --- | | 1). | Shares repurchased for cancellation but not yet cancelled | 5,410,000 | 0.02 % | HKD | 4 09 | + | | | Date of changes 22 September 2025 | | | | | | | 2). | Shares repurchased for cancellation but not yet cancelled | 5,506,000 | 0.02 % | HKD | 4.08 | | | | 23 Septemb ...

Investment Rating - The report maintains an "Outperform" rating for the oil and petrochemical sector [1]. Core Views - The Israeli government's approval of the Gaza ceasefire agreement has led to a continued decline in oil prices, with WTI crude futures dropping by 4.15% and Brent crude by 3.53% during the specified period [6]. - Geopolitical tensions remain, particularly with the U.S. halting diplomatic engagement with Venezuela and potential military escalations, which could disrupt Venezuelan oil supplies [6]. - OPEC+ plans a cautious production increase of 137,000 barrels per day in November 2025, but Russia advocates for maintaining current production levels to avoid downward pressure on oil prices [6]. - The EIA has raised its short-term price forecasts for WTI to $65 per barrel and Brent to $68.64 per barrel, while also slightly increasing U.S. oil production expectations to 13.53 million barrels per day [6]. - The report highlights a tightening supply in the fluorochemical sector, with prices for popular refrigerants like R32 and R134a remaining stable at high levels due to production constraints and increasing demand from the air conditioning and automotive sectors [6]. Summary by Sections Oil and Petrochemicals - The report discusses the impact of geopolitical events on oil prices, noting a significant drop in both WTI and Brent crude prices following the ceasefire agreement [6]. - It tracks OPEC+ production strategies and U.S. oil production forecasts, indicating a cautious approach to increasing supply amidst fluctuating demand [6][7]. Fluorochemicals - The fluorochemical market is experiencing a tight supply for popular refrigerants, with stable high prices due to production limitations and recovering demand in the domestic market [6]. - The report notes a projected increase in production for household air conditioners and automotive refrigerants, driven by government incentives [6]. Investment Recommendations - The report suggests focusing on the oil and petrochemical sector, particularly on companies with resilient earnings such as China National Petroleum, Sinopec, and CNOOC [7]. - In the fluorochemical sector, it recommends companies leading in third-generation refrigerant production and upstream fluorite resources [7]. - The semiconductor materials sector is also highlighted, with a positive outlook due to inventory reduction trends and domestic substitution [7].

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) 表格類別： 股票 狀態： 新提交 公司名稱： 中國石油化工股份有限公司 呈交日期： 2025年10月13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（ ...