Investment Rating - The report maintains a "Buy" rating for several companies in the chemical industry, including Xinyangfeng, Senqilin, Ruifeng New Materials, Sinopec, Juhua, Yangnong Chemical, CNOOC, Tongkun, and Daotong Technology [10]. Core Viewpoints - The report highlights significant price increases in sulfur, sulfuric acid, and lithium battery electrolyte, suggesting a focus on import substitution, domestic demand, and high dividend opportunities [6][19]. - The chemical industry is currently experiencing a weak overall performance, with mixed results across different sub-sectors due to past capacity expansions and weak demand [22]. - The report emphasizes the potential for the glyphosate industry to enter a recovery phase, recommending companies like Jiangshan Co., Xingfa Group, and Yangnong Chemical [8][22]. - It suggests focusing on companies with strong competitive positions and growth potential, particularly in the lubricant additive sector and coal-to-olefins industry [22]. - The report also notes the impact of international oil price fluctuations on the chemical sector, with a recommendation to pay attention to companies benefiting from lower raw material costs due to declining oil prices [20][22]. Summary by Sections Chemical Industry Investment Suggestions - The report suggests monitoring the glyphosate industry for potential recovery, with a focus on companies like Jiangshan Co., Xingfa Group, and Yangnong Chemical [8][22]. - It highlights the importance of selecting stocks with good competitive dynamics and profitability, particularly in the lubricant additive and coal-to-olefins sectors [22]. Price Trends of Chemical Products - Significant price increases were noted for sulfur (10.77%), lithium battery electrolyte (10.53%), and sulfuric acid (9.09%) [19]. - Conversely, products like R22 saw a drastic price drop of 60.49%, indicating volatility in the market [19]. Market Dynamics - The report discusses the influence of geopolitical events, such as US sanctions on Russia, on international oil prices, which are expected to remain around $65 per barrel [20][24]. - It also mentions the mixed performance of the chemical industry due to varying demand across different sectors, with some areas like lubricants performing better than others [22].

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) announced a share buyback plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1: Share Buyback Details - The company plans to repurchase 2.398 million H-shares at a cost of HKD 10.1066 million [1] - Additionally, it will buy back 2.4379 million A-shares for HKD 13.5166 million [1]

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6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 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存 ...

Group 1 - The 41st Abu Dhabi International Petroleum Exhibition is held from November 3 to 6, 2023, with the theme "Energy, Intelligence, Impact," attracting over 2,200 companies and more than 200,000 professionals [1] - The exhibition focuses on resilience building and intelligent solutions, facilitating practical exchanges and cooperation among global energy industry leaders [1] Group 2 - Sinopec's green hydrogen project model received significant attention, showcasing integrated applications of solar power, wind power, hydrogen production, storage, transportation, and geothermal energy [2] - The model highlights Sinopec's achievements in reducing renewable energy hydrogen production costs and scaling up operations [2] - Additionally, Sinopec presented a self-developed fracturing unit model, featuring a complete equipment integration control system for remote operation, characterized by high construction pressure, large flow, and good mobility [2]

Group 1 - The core viewpoint of the news is that the natural gas demand is expected to increase with the arrival of the winter heating season, leading to a rise in the National Petroleum and Natural Gas Index and related stocks [1] - As of November 6, 2025, the National Petroleum and Natural Gas Index (399439) rose by 1.01%, with significant increases in stocks such as Jereh (002353) up 4.70% and Shandong Gas (603318) up 4.12% [1] - A meeting was held on October 28 to discuss the natural gas supply and demand for the heating season, involving experts from various organizations including national pipeline companies and gas firms [1] Group 2 - Dongwu Securities forecasts a relaxed supply in 2025, with cost optimization for gas companies and a continued adjustment of pricing mechanisms [1] - The top ten weighted stocks in the National Petroleum and Natural Gas Index as of October 31, 2025, include major companies like China National Petroleum (601857) and China Petroleum & Chemical (600028), accounting for 65.09% of the index [2] - The importance of energy self-sufficiency is highlighted, with a focus on companies that possess gas production capabilities and long-term resource contracts [1]

Core Insights - The 8th China Enterprise Forum held from November 3 to 4 in Beijing released the "2025 China Enterprise Brand Value TOP 100 List," showcasing 26 companies from the energy, electricity, and new energy vehicle sectors [1] - The total brand value of the TOP 100 companies reached 19.35 trillion yuan, marking an 8.48% year-on-year increase, reflecting the resilience, potential, and vitality of the Chinese economy [1] - The report highlighted significant growth in brand value across various sectors, with the information technology industry leading with a total value of 3.85 trillion yuan and a growth rate of 16.26% [1] Energy and Electricity Sector - Major players in the energy and electricity sector, such as State Grid, China Petroleum, and Sinopec, demonstrated strong brand strength and value [1] - The brand values of key companies in the sector include: - State Grid: 544.58 billion yuan - China Petroleum: 421.44 billion yuan - Sinopec: 385.57 billion yuan [2] - The energy sector is part of the "first tier" of brand value alongside information technology, finance, equipment manufacturing, automotive, and consumer goods, collectively accounting for nearly 75% of the total brand value growth [1] New Energy Vehicles - New energy vehicle companies like BYD, Geely, and China FAW also ranked prominently, showcasing their brand strength and value [1] - Notable brand values in the new energy vehicle sector include: - BYD: 413.20 billion yuan - Geely: 349.08 billion yuan - China FAW: 330.68 billion yuan [2] - The presence of leading battery and energy storage companies like CATL further emphasizes the sector's growth potential [1]

Core Insights - The article highlights the achievements and innovations of China Petroleum's Exploration No. 8 drilling platform, emphasizing its advanced technology and operational efficiency since its launch in December 2022 [1][10]. Group 1: Operational Achievements - The Exploration No. 8 platform has completed 22 ultra-deep wells with a 100% success rate, surpassing a total drilling depth of 100,000 meters [1]. - A new record was set on October 15, with an average mechanical drilling speed of 212.67 meters per hour, improving from the previous record of 191 meters per hour [2][3]. - The platform has achieved multiple operational records, including the fastest casing installation rates and the shortest drilling cycles for various well depths [4][5][6]. Group 2: Safety and Culture - Safety is prioritized, with the platform maintaining over 1,170 days of safe production and implementing a comprehensive safety culture that includes regular training and emergency drills [7][8][9]. - The platform has introduced innovative safety measures, such as a "hazard hunter list" and a performance-based incentive system to encourage proactive safety practices among employees [8][9]. Group 3: Environmental Commitment - The platform is committed to environmental protection, utilizing advanced waste treatment systems that exceed national standards and ensuring no pollution to the marine environment [10]. - Efforts include adjusting operational schedules to protect marine life during critical spawning seasons and implementing waste management practices [10]. Group 4: Team and Legacy - The team at Exploration No. 8 consists of highly experienced personnel, with many having over a decade of service, reflecting a strong culture of dedication and expertise [11][12]. - The platform manager emphasizes the ongoing commitment to excellence in equipment, technology, management, and team development to continue achieving significant milestones in offshore oil and gas exploration [12][13].

Core Insights - Jinfa Technology has recently established collaborations with major industry players, including Sinopec and Geely Automobile, to enhance talent development and sustainable materials research in the automotive sector [2][3]. Group 1: Collaboration with Sinopec - Jinfa Technology signed a talent training cooperation agreement with Sinopec Chemical Sales Co., Ltd. in Guangzhou, establishing a chemical product processing technology practice base [2]. - This base aims to provide practical training for employees, allowing them to gain insights into customer needs and industry trends, thereby strengthening the expert marketing team to support high-quality development [2]. - The partnership focuses on optimizing the "theory + practice" talent training model, creating a comprehensive talent development system covering production practice, marketing theory, end-product application, and market research [2]. Group 2: Joint Research Laboratory with Geely - Jinfa Technology, Geely Automobile, and China Automotive Data Co., Ltd. have launched the "Automotive Sustainable Materials Joint Research Laboratory" [3]. - The laboratory aims to integrate resources from automotive data services, vehicle R&D, and polymer material innovation, focusing on breakthroughs in sustainable materials technology and establishing a management system [3]. - Key areas of focus include: - Tackling core technologies for sustainable automotive materials, such as recycled materials, lightweight materials, and low-carbon applications [3]. - Building a closed-loop ecosystem for automotive materials, enhancing resource recycling efficiency through a comprehensive design and recycling system [3]. - Establishing a traceability and management system for sustainable materials, creating a quality traceability platform and shared database to support data-driven decision-making for automotive companies [3]. Group 3: Future Directions - The joint research laboratory will continue to promote the transformation and industrialization of sustainable materials technology, strengthen collaborative mechanisms, and enhance domestic and international exchanges in the automotive industry [3]. - The initiative aims to elevate the application level of sustainable materials in China's automotive industry and contribute to the global green and low-carbon development of the automotive sector [3].

Core Insights - The event at Shengli Oilfield Party School showcased advanced technology and rich cultural heritage, emphasizing the importance of integrating traditional Chinese culture with modern energy practices [1][11]. Group 1: Training Program Overview - The training program was designed to highlight Shengli Oilfield's green and low-carbon development technologies, including CCUS (Carbon Capture, Utilization, and Storage) and new energy management systems [3][12]. - Participants engaged in hands-on learning experiences, such as visiting the Lai 113 CCUS project, where they learned about carbon capture technologies and their operational effectiveness [3][5]. Group 2: Cultural Exchange and Learning - The program included activities to promote traditional Chinese culture, such as paper-cutting workshops, allowing international employees to experience Chinese art firsthand [10][11]. - The historical exhibition at Shengli Oilfield provided insights into the company's 60-year development journey, enhancing participants' understanding of its cultural significance [7][8]. Group 3: International Collaboration and Future Impact - The event fostered a bridge for technical exchange between international employees and Shengli Oilfield, promoting a deeper understanding of China's energy industry and its achievements [11][12]. - Participants expressed intentions to apply the knowledge gained from the training to enhance their work in overseas projects, contributing to Sino-foreign energy cooperation [11][12].

FF305 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks andlor on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: China Petroleum & Chemical Corporation Date Submitted: 05 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 disoloseable pursuant to rule 13.25A of the Rules Gov .isting of Securities on The Stock Exchange of Ho ...