Core Viewpoint - CNOOC Services (02883) announced that its controlling shareholder, China National Offshore Oil Corporation (CNOOC), will increase its stake in the company by acquiring 16.08 million H-shares from April 9, 2025, to October 8, 2025, representing approximately 0.34% of the total issued shares [1] Summary by Category - **Shareholding Increase** - CNOOC will purchase 16.08 million H-shares, totaling approximately RMB 80.98 million (excluding taxes) [1] - After the acquisition, CNOOC will hold a total of 2.427 billion shares, which is about 50.86% of the total issued shares of the company [1]

截至2025年10月8日，原定本次增持计划期间已过半，实际增持金额合计未达到计划金额区间下限的 50%，主要是受股票市场价格波动及资本市场整体趋势等因素影响。中国海油集团后续将依照本次增持 计划，以自有资金继续择机增持公司股份。 格隆汇10月9日丨中海油田服务(02883.HK)公布，于2025年4月9日至2025年10月8日期间，中国海油集团 通过香港联合交易所有限公司系统场内交易方式增持公司H股股份1600.8万股，约占公司已发行股份总 数的0.34%，增持金额累计约为人民币8,098.17万元(不含税费)。上述增持实施后，中国海油集团持有公 司合计2,426,857,300股股份，约占公司已发行股份总数的50.86%。 ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has increased its stake in CNOOC Oilfield Services Co., Ltd. by acquiring 16.08 million H-shares, representing approximately 0.34% of the total issued shares, for a total investment of about RMB 80.98 million (excluding taxes) [1] Group 1 - The share acquisition period is from April 9, 2025, to October 8, 2025 [1] - After the acquisition, CNOOC will hold a total of 2.427 billion shares in the company, which accounts for approximately 50.86% of the total issued shares [1]

Core Insights - The oil and gas extraction sector saw a 2.14% increase on October 9, with *ST Xinchao leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Sector Performance - The closing prices and percentage changes for key stocks in the oil and gas extraction sector are as follows: - *ST Xinchao: 3.79, up 4.99%, with a trading volume of 98,500 shares and a turnover of 37.35 million yuan - Blue Flame Holdings: 7.02, up 2.63%, with a trading volume of 123,200 shares and a turnover of 85.89 million yuan - Intercontinental Oil and Gas: 2.31, up 1.76%, with a trading volume of 1,428,600 shares and a turnover of 32.6 million yuan - China National Offshore Oil Corporation: 26.47, up 1.30%, with a trading volume of 443,400 shares and a turnover of 1.164 billion yuan [1] Fund Flow Analysis - The oil and gas extraction sector experienced a net outflow of 33.51 million yuan from institutional investors and 41.71 million yuan from retail investors, while there was a net inflow of 75.21 million yuan from individual investors [1] - Detailed fund flow for key stocks: - *ST Xinchao: Net inflow of 19.55 million yuan from institutional investors, with a 52.35% share; net outflow of 16.04 million yuan from retail investors - Blue Flame Holdings: Net inflow of 1.27 million yuan from institutional investors, with a 1.48% share; net outflow of 2.03 million yuan from retail investors - Intercontinental Oil and Gas: Net outflow of 13.14 million yuan from institutional investors, with a -4.03% share; net inflow of 0.96 million yuan from retail investors - China National Offshore Oil Corporation: Net outflow of 41.19 million yuan from institutional investors, with a -3.54% share; net inflow of 77.23 million yuan from retail investors [2]

港交所：中海油有限公司、中国移动有限公司等被考虑纳入股票期权类别到期合约范围。 ...

Core Points - A new private equity fund management company, Central Enterprise War New Industry Development Private Fund Management Co., Ltd., has been established in Beijing with a registered capital of 100 million yuan [1][3] - The founding shareholders include five major state-owned enterprises: China National New, China Mobile, China Petroleum, China Petrochemical, and China National Offshore Oil, each contributing through their respective capital investment platforms [1][3] Shareholder Structure - The company is primarily owned by China National New Fund Management Co., Ltd. (68%), followed by China Mobile Capital Holdings Co., Ltd. (12%), China Petrochemical Group Capital Co., Ltd. (10%), China National Offshore Oil Investment Holdings Co., Ltd. (6%), and China Petroleum Kunlun (Beijing) Private Fund Management Co., Ltd. (4%) [3][4] - The total subscribed capital contributions from the shareholders amount to 100 million yuan, with specific contributions being 68 million yuan from China National New, 12 million yuan from China Mobile, 10 million yuan from China Petrochemical, 6 million yuan from China National Offshore Oil, and 4 million yuan from China Petroleum [4] Management Team - The legal representative and chairman of the new fund management company is Huang Jie, who is also the chairman of China National Capital Venture Capital Co., Ltd. and Guofeng Investment Innovation Fund Co., Ltd. [4][5] - Other executives include Wu Xiaopeng, Li Yanan, and Guo Yipeng [5] Industry Trends - Multiple large-scale state-owned enterprise venture capital funds have been established this year, with significant capital commitments, such as the 10 billion yuan Guoxin Venture Capital Fund established in Hangzhou [6][7] - The total scale of venture capital funds established by central enterprises is approaching 100 billion yuan, focusing on technology-driven sectors and long-term investments [8]

Core Viewpoint - The Shanghai Composite Index has surpassed the 3900-point mark, indicating a bullish trend in the market, particularly in the chemical sector, driven by the elimination of outdated production capacity and improved industrial profits [1] Group 1: Market Performance - The Shanghai Composite Index continued its upward trend in the afternoon session, breaking the 3900-point threshold [1] - The China Securities Index for the petrochemical industry rose approximately 2.4%, with significant gains in constituent stocks such as Hangzhou Oxygen Plant, Hebang Biotechnology, and Yilong Lake [1] - The Petrochemical ETF (159731) followed the index's upward movement [1] Group 2: Industry Insights - Guosen Securities anticipates that the implementation of outdated capacity elimination will optimize the supply side of the chemical industry, enhancing overall competitiveness [1] - In August, the total profit of industrial enterprises above designated size increased by 20.4% year-on-year, a significant turnaround from July's -1.5%, signaling stabilization in the industrial economy [1] - The growth in profits is attributed to a low base from the previous year and effective macroeconomic policies, particularly the "anti-involution" measures that have regulated competition and stabilized industrial prices [1] Group 3: ETF and Sector Composition - The Petrochemical ETF (159731) and its linked funds (017855/017856) closely track the China Securities Index for the petrochemical industry [1] - The basic chemical industry accounts for 61.93% of the sector distribution, while the oil and petrochemical industry represents 30.84% [1] - The top ten weighted stocks in the index include Wanhua Chemical, China Petroleum, and Yilong Lake, collectively accounting for 55.12% of the total weight [1]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) is transitioning from an oil and gas giant to a leader in green energy, collaborating with Sencheng Ecological Technology Co., Ltd. to promote ecological forest construction and green energy transformation under the "dual carbon" strategy [1][2][4]. Group 1: CNOOC's Transition - Since its establishment in 1982, CNOOC has evolved from a single oil and gas exploration company to a comprehensive energy company covering six major sectors, including oil and gas development, refining and sales, natural gas and electricity, and renewable energy [2]. - CNOOC has set ambitious goals to achieve carbon peak by 2028 and carbon neutrality by 2050, actively building a diversified and sustainable energy system [2]. Group 2: Sencheng Ecological's Role - Sencheng Ecological focuses on carbon sink forests, green infrastructure, and renewable ecological forests, using innovative models to engage users in ecological protection and carbon neutrality efforts [3]. - The company aims to create systems for ecological forest adoption, carbon credits, and green assets, allowing the public to experience the benefits of green development and contributing to the national "dual carbon" strategy [3]. Group 3: Collaborative Initiatives - The launch of the third phase of the ecological forest project marks a new stage in the collaboration between CNOOC and Sencheng Ecological, focusing on ecological restoration, carbon sink value, and integrating renewable energy industry practices [4]. - The partnership aims to build a model for the coordinated development of green energy and ecological civilization, leveraging CNOOC's strengths in energy transition and technological innovation alongside Sencheng Ecological's user engagement [4]. Group 4: Future Outlook - CNOOC and Sencheng Ecological plan to strengthen their cooperation in ecological civilization construction, green energy development, and international low-carbon governance [5]. - Both companies emphasize the importance of taking concrete actions to fulfill their "dual carbon" commitments, contributing to national energy security and sustainable ecological development [5]. Group 5: Official Statements - A CNOOC representative stated the company's commitment to a green low-carbon transition driven by technological innovation, aiming to contribute to the national "dual carbon" goals [6]. - A Sencheng Ecological representative highlighted the importance of the ecological forest project in enabling public participation in ecological restoration and green energy construction, expressing optimism for the partnership with CNOOC [6].

Core Points - The establishment of the Central Enterprise War New Industry Development Private Equity Fund Management Co., Ltd. has been announced, with a registered capital of 100 million RMB [1] - The company is co-owned by several state-owned enterprises, including China Guoxin Fund Management Co., Ltd., China Mobile Capital Holdings Co., Ltd., Sinopec Group Capital Co., Ltd., China National Offshore Oil Corporation Investment Holdings Co., Ltd., and China Oil Kunlun (Beijing) Private Fund Management Co., Ltd. [1] Company Information - The legal representative of the company is Huang Jie [2] - The company was established on September 29, 2025, and is registered in Beijing [2] - The business scope includes private equity investment fund management and venture capital fund management services, which require registration with the Asset Management Association of China before operations can commence [2] Shareholding Structure - China Guoxin Fund Management Co., Ltd. holds a 68% stake, making it the controlling shareholder [2] - China Mobile Capital Holdings Co., Ltd. owns 12% of the shares [2] - Sinopec Group Capital Co., Ltd. holds 10%, while China National Offshore Oil Corporation Investment Holdings Co., Ltd. has 6%, and China Oil Kunlun (Beijing) Private Fund Management Co., Ltd. owns 4% [2]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has achieved a significant breakthrough in the exploration of Paleogene lithology in the Liaozhong sag of the Bohai Bay Basin, successfully drilling high-yield oil and gas wells [1] Group 1: Exploration Achievements - The Liaozhong sag is located in the northern Bohai Sea with an average water depth of 22 meters. The tested well produces approximately 500 tons of crude oil and 20,000 cubic meters of natural gas per day [1] - The region has complex oil and gas reservoir structures, and there have been no large-scale exploration discoveries for many years. CNOOC's research team has made continuous technological advancements and conducted multidisciplinary joint research [1] Group 2: Technological Innovations - CNOOC has established a coupling relationship between sediments and uplifts, innovatively proposing a favorable migration model for Paleogene lithology, which has addressed the scientific challenges of large-scale accumulation in Paleogene lithology [1] - The breakthrough in the Liaozhong sag confirms the significant exploration potential of Paleogene lithology oil and gas reservoirs in the Bohai Bay Basin [1] Group 3: Strategic Implications - The success in the Liaozhong sag promotes the secondary exploration process in old oil fields and provides replicable technical routes and practical experiences for similar exploration in China's offshore areas [1] - Recent discoveries of large and medium-sized Paleogene oil and gas fields in various sea areas by CNOOC highlight the importance of this new finding for ensuring stable energy supply in the Beijing-Tianjin-Hebei region and the surrounding Bohai Sea area [1]