Core Insights - The event "Walking China: 2025 Overseas Chinese Media Hainan" took place in the Yangpu Economic Development Zone, showcasing the development trajectory of this reform and opening-up "test field" [2] Group 1: Economic Development - The overseas Chinese media representatives explored key industrial sites, including Sinopec Hainan Refining and Chemical Company and Yangpu International Container Terminal, highlighting the vigorous atmosphere of Hainan's free trade port construction [2] Group 2: Infrastructure - The visit included a tour of the Yangpu Exhibition Hall, where representatives gained insights into the local economic initiatives and infrastructure developments [6][8]

Core Viewpoint - The successful commissioning of the 250,000 tons/year thermoplastic elastomer project by Shanghai Jinshan Baling New Materials Company, a joint venture between Sinopec Shanghai Petrochemical and Hunan Petrochemical, marks a significant advancement in the production of thermoplastic elastomers in China [1] Group 1 - The project has a designed annual production capacity of 250,000 tons of thermoplastic elastomers [1] - The product output includes 140,000 tons/year of SBS (Styrene-Butadiene-Styrene), 50,000 tons/year of SEBS (Hydrogenated Styrene-Butadiene-Styrene), and 60,000 tons/year of SIS (Styrene-Isoprene-Styrene) [1] - The project utilizes proprietary technology developed by Sinopec [1]

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 12 November 2025 Date Submitted: 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 ...

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11月12日 FF305 第 2 頁 共 11 頁 v 1.3.0 | 13). | 為註銷而回購但尚未註銷的股票 | | 4,072,000 | 0.02 % | HKD | 4.37 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年11月10日 | | | | | | 14). | 為註銷而回購但尚未註銷的股票 | | 4,256,000 | 0.02 % | HKD | 4.37 | | | 變動日期 | 2025年11月11日 | | | | | | 15). | 為註銷而回購但尚未註銷的股票 | | 3,708,000 | 0.02 % | HKD | 4.46 | | | 變動日期 | 2025年11月12日 | | | | | | 2. 股份分類 | | 普通股 | 股份類別 A | | | 於香港聯交所上市 | 否 | ...

Core Insights - The refining and trading sector saw an increase of 1.12% on November 12, with 康普顿 leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Sector Performance - 康普顿 (603798) closed at 17.65, up 4.87% with a trading volume of 91,400 shares and a transaction value of 160 million yuan [1] - 润贝航科 (001316) closed at 35.65, up 2.32% with a trading volume of 20,800 shares and a transaction value of 73.17 million yuan [1] - 中国石油 (601857) closed at 9.94, up 1.74% with a trading volume of 2,058,200 shares and a transaction value of 2.055 billion yuan [1] - 荣盛石化 (002493) closed at 11.06, up 1.19% with a trading volume of 519,300 shares and a transaction value of 575 million yuan [1] - 统一股份 (600506) closed at 28.88, up 0.98% with a trading volume of 446,900 shares and a transaction value of 1.272 billion yuan [1] - 中国石化 (600028) closed at 5.71, up 0.71% with a trading volume of 1,335,800 shares and a transaction value of 764 million yuan [1] Capital Flow - The refining and trading sector experienced a net outflow of 189 million yuan from institutional investors, while retail investors saw a net inflow of 10.3 million yuan [2] - The main stocks in the sector showed varied capital flows, with 荣盛石化 (002493) having a net inflow of 68.83 million yuan from institutional investors [3] - 中国石化 (600028) had a net inflow of 39.06 million yuan from institutional investors but a net outflow from retail investors of 24.41 million yuan [3]

Core Insights - The combustible ice concept sector rose by 1.81%, ranking second among concept sectors, with nine stocks increasing in value, including PetroChina Oilfield Services which hit the daily limit, and ShenKong Co., Petrochemical Machinery, and QianNeng HengXin showing notable gains of 6.32%, 3.31%, and 2.82% respectively [1][2] Market Performance - The top-performing concept sectors today included: - Cell Immunotherapy: +2.20% - Combustible Ice: +1.81% - Monkeypox Concept: +1.57% - Blood Oxygen Monitor: +1.56% - Fentanyl: +1.39% [2] Capital Flow - The combustible ice concept sector saw a net inflow of 393 million yuan, with 11 stocks receiving net inflows, and seven stocks exceeding 10 million yuan in net inflow. PetroChina Oilfield Services led with a net inflow of 230 million yuan, followed by ShenKong Co., Sinopec, and Times Electric with net inflows of 70 million yuan, 38 million yuan, and 26 million yuan respectively [2][3] Capital Inflow Ratios - The leading stocks in terms of capital inflow ratios were: - PetroChina Oilfield Services: 23.70% - Times Electric: 11.48% - Nanjing Steel: 10.63% [3] Stock Performance Details - Notable stock performances within the combustible ice concept included: - PetroChina Oilfield Services: +10.21%, turnover rate 2.85%, net inflow 229.75 million yuan - ShenKong Co.: +6.32%, turnover rate 31.89%, net inflow 70.02 million yuan - Sinopec: +0.71%, turnover rate 0.14%, net inflow 38.20 million yuan - Times Electric: 0.00%, turnover rate 0.52%, net inflow 26.57 million yuan - Petrochemical Machinery: +3.31%, turnover rate 10.88%, net inflow 24.61 million yuan [3][4]

Core Points - The Shanghai Composite Index is currently at 3996.35 points, above the annual line, with a decline of 0.16% and a total trading volume of 1,602.079 billion yuan [1] - A total of 32 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The stocks with the highest deviation rates include Mannesmann (5.00%), Yahui Long (4.97%), and Xuan Ya International (4.31%) [1] - Mannesmann's stock price increased by 7.00% with a turnover rate of 18.49% [1] - Yahui Long's stock price rose by 6.78% with a turnover rate of 3.82% [1] - Xuan Ya International's stock price increased by 6.82% with a turnover rate of 17.96% [1] Other Notable Stocks - ST Nuotai and Digital People also showed positive performance with increases of 3.64% and 3.22%, respectively [1] - The stocks with smaller deviation rates that just crossed the annual line include Jianhui Information, Sinopec, and Xianggang Technology [1] Trading Volume - The total trading volume of A-shares today reached 1,602.079 billion yuan, indicating active market participation [1]

Market Overview - The A-share market experienced slight fluctuations, with the Shanghai Composite Index consolidating around the 4000-point mark, while the ChiNext Index, Shenzhen Component Index, North 50, and Sci-Tech 50 all fell over 1% [1] - Over 4000 stocks declined, with trading volume remaining stable [1] Sector Performance - The pharmaceutical, oil and petrochemical, insurance, and banking sectors showed strong performance, while sectors such as photovoltaic equipment, cultivated diamonds, superconducting concepts, and ground weaponry faced declines [1] - The oil sector saw a significant rise, with the oil service engineering sector performing particularly well, reaching a new high for the year [6] Pharmaceutical Sector - The pharmaceutical stocks strengthened in the morning, with the pharmaceutical commercial sector leading the gains, reaching a new high for the year [3] - Notable stocks included Yao Yigou, which hit a 20% limit up shortly after opening, and He Fu China, which achieved 11 limit ups in nearly 12 trading days [3] Flu Season Impact - The flu season is expected to drive demand for pharmaceuticals, with the current flu activity at a moderate level across various provinces [5] - The upcoming flu season is anticipated to peak in late December and early January, with a focus on the H3N2 subtype [5] - The strategic significance of flu prevention and treatment is highlighted, with potential growth in vaccine development, infection control, and antiviral drug sectors [5] Oil Sector Highlights - The oil industry chain saw a comprehensive rise, with significant trading volume and a nearly 4% increase in the sector index [6] - Major companies like Jun Oil and Sinopec Oilfield Services reached their daily limit up shortly after market opening [6] - The Hong Kong oil sector also followed suit, with the Hang Seng Mainland Oil Index rising over 2%, marking a new high since February 2013 [8] Financial Performance - In the third quarter, 17 listed oil service companies reported a total revenue of 186.3 billion yuan, a year-on-year increase of 4.03%, and a net profit of 8.416 billion yuan, up 6.29% [8] - The Longqing Oilfield announced a cumulative shale oil production exceeding 20 million tons, indicating a new phase in large-scale development [8]

Market Overview - The A-share market experienced slight fluctuations, with the Shanghai Composite Index consolidating around the 4000-point mark, while the ChiNext Index, Shenzhen Component Index, North Star 50, and Sci-Tech 50 all fell over 1% [1] - Over 4000 stocks declined, with trading volume remaining stable [1] Pharmaceutical Sector - The pharmaceutical sector showed strong performance, particularly in the pharmaceutical commercial segment, reaching a new high for the year [2] - Stocks such as Yiyigou and Renmin Tongtai saw significant gains, with Yiyigou hitting a 20% limit up shortly after opening [2][3] - The flu season is approaching, with the National Health Commission indicating that flu activity is currently at a moderate level across 23 provinces, which is expected to drive demand for vaccines and antiviral drugs [3] Oil Sector - The oil industry saw a broad increase, with oil service engineering stocks performing particularly well, reaching a new high for the year [4] - The oil and gas extraction sector, including shale gas and combustible ice, also experienced gains, with major companies like PetroChina and Sinopec seeing significant stock price increases [4] - The Longqing Oilfield reported a cumulative shale oil production exceeding 20 million tons, marking a new phase in large-scale development [4] Financial Performance - In the first three quarters of 2025, 17 listed oil service companies reported a total revenue of 186.3 billion yuan, a year-on-year increase of 4.03%, and a net profit of 8.416 billion yuan, up 6.29% [5] - Long-term prospects for the oil sector remain positive due to geopolitical uncertainties and recovering macroeconomic conditions, with a favorable outlook for major oil companies and the oil service sector [5]

Core Insights - 2025 is projected to be a significant year for China's POE industry, with multiple companies commencing production and accelerating project developments, indicating a shift in capacity from coastal to central and western regions [1] Company Summaries - **Shenghong Petrochemical (Dongfang Shenghong)** - Capacity: 100,000 tons/year - Production Start: Successfully commenced on August 17, 2025, with official mass production announced on September 4, 2025 - Product Development: Delivered first batch of 320 tons of high-quality products, developed 18 grades for various applications [2] - **Dingjide** - Capacity: 200,000 tons/year (Phase I) - Current Progress: First shipment of 4,887 tons of ethylene received on September 10, 2025, marking countdown to production [2] - **Wanhua Chemical** - Existing Capacity: 200,000 tons/year (Phase I, to be operational by June 2024) - Expansion: Accelerating construction of a 400,000 tons project, expected total capacity of 600,000 tons/year by end of 2025 [2] - **Maoming Petrochemical (Sinopec)** - Capacity: 50,000 tons/year - Production Start: Successfully tested in April 2025 - Strategic Importance: Aims to fill domestic technology gaps in POE production [2][3] - **Jiangsu Hongjing** - Capacity: 100,000 tons/year - Current Status: Expected to start trial production in June 2025, aiming for full operation by year-end [2] - **Ningxia Baofeng Energy** - Planned Capacity: 200,000 tons/year POE - Current Status: Environmental assessment publicized in May 2025 [2] - **Ningxia Kaixin Energy** - Planned Capacity: 300,000 tons/year POE - Project Status: Environmental assessment publicized in May 2025, awaiting final approval [2] - **Fuhai Tangshan Petrochemical** - Planned Capacity: 100,000 tons/year POE - Project Progress: Environmental assessment publicized on June 10, 2025 [2] - **Zhejiang Petrochemical** - Planned Capacity: 400,000 tons/year POE - Latest Update: Engineering design kickoff meeting held on June 25, 2025 [2] - **Lianhong Xinke** - Project Status: Expected completion by end of 2025, with production in 2026 [2] - **Tangshan Xuyang Chemical** - Project Scale: 1,000 tons/year POE pilot project in collaboration with Shuang'an Company [6] - **Satellite Chemical** - Project Scale: Investing 15 billion yuan in a green chemical new materials industrial park, with plans for 100,000 tons/year POE production [6] - **Beouyi** - Historical Significance: Set to complete China's first industrial POE facility (30,000 tons/year) by December 2023 [8]