香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 （根據公司條例在香港註冊成立的有限責任公司） 股票代號：00883（港幣櫃台）及80883（人民幣櫃台） 自願公告 實際控制人增持本公司股份的進一步進展 本公告乃由中國海洋石油有限公司（「本公司」）自願作出。 茲提述本公司日期為二零二五年四月八日及二零二五年十月九日的公告（「該等公告」），內容 有關本公司實際控制人中國海洋石油集團有限公司（「中國海油集團」）增持本公司股份計劃及 增持進展。除非文義另有所指，本公告所用詞彙與該等公告所界定者具有相同涵義。現將有關 進展公告如下： 於二零二五年十月九日至二零二六年三月四日期間，中國海油集團通過上海證券交易所交易系統以 集中競價交易方式累計增持本公司A股股份705,500股，約佔本公司已發行股份總數的0.0015%，增 持金額累計人民幣30,006,347元（不含稅費）；通過港股通交易系統累計增持本公司港股股份 2,200,000股，約佔本公司已發行股份總數的 ...

Investment Rating - The report suggests a positive investment rating for oil and gas assets due to rising risk premiums [1] Core Insights - The oil price has been on an upward trend, with February averages for Brent and WTI at $69.4 and $64.5 per barrel, respectively, reflecting increases of 7.2% and 7.1% month-on-month [6] - China's apparent crude oil demand is expected to grow by 3.3% in 2025, with production at 216 million tons and imports at 578 million tons [6] - The report highlights the importance of geopolitical factors affecting oil prices, particularly in the Middle East, and suggests that prices could fluctuate significantly based on developments in the region [6] Summary by Sections Section 1: Importance of the Oil and Chemical Industry - The oil and chemical industry is a crucial pillar of the national economy, with 543 listed companies representing 9.9% of all A-shares and a total market value of 12.91 trillion yuan, accounting for 10.0% of the total A-share market [7][11][15] Section 2: Economic Stability and Industry Pressure - China's economy is expected to grow steadily, with GDP projected at 140.19 trillion yuan in 2025, reflecting a 5.0% year-on-year increase [21] - Oil prices significantly impact industry profitability, with fluctuations expected to increase in the short term [31] Section 3: Maturity of the Oil and Chemical Industry - The industry is entering a mature phase, with increased competition and a shift towards energy alternatives [62][63] - The report notes that while demand for refined oil may peak, chemical product demand remains resilient [40] Section 4: Financial Performance Analysis - The oil and chemical sector's revenue and net profit have shown fluctuations, with a 10.0% decline in revenue and a 24.8% drop in net profit in the first three quarters of 2025 [55][60] Section 5: Investment Strategy and Focus - The report recommends focusing on high-dividend oil and gas stocks such as China National Offshore Oil Corporation (CNOOC), China Petroleum, and Guanghui Energy, which are expected to benefit from rising upstream oil and gas prices [6]

Core Viewpoint - The article discusses the significant fluctuations in the stock prices of China's major oil companies, known as the "three barrels of oil," following a period of rapid price increases driven by geopolitical tensions in the oil market [3][4]. Group 1: Stock Market Reactions - On March 4, 2026, the "three barrels of oil" (China Petroleum, China National Offshore Oil Corporation, and Sinopec) experienced a notable decline after previously hitting record highs, with Sinopec reaching a limit down, China Petroleum dropping by 9.5%, and China National Offshore Oil Corporation falling over 8% [3]. - By the end of the morning session, Sinopec closed down by 4.48%, China Petroleum by 1.22%, and China National Offshore Oil Corporation by 2.28%, indicating clear signs of profit-taking at high levels [3]. Group 2: Geopolitical Influences - The significant rise in stock prices was attributed to geopolitical factors, particularly the tensions surrounding the Strait of Hormuz, which have led to volatility in the international oil market [4]. - On March 4, U.S. President Trump indicated that measures would be taken to stabilize oil prices, including providing financial guarantees for maritime trade in the Gulf region and potential naval escorts for oil tankers [4]. Group 3: Market Analysis and Predictions - Analysts suggest that the restoration of normal shipping through the Strait of Hormuz may take weeks rather than days, especially if hostilities continue [5]. - The International Energy Agency (IEA) is prepared to assist in stabilizing the global oil market, with member countries holding over 1 billion barrels of emergency oil reserves [5]. - The impact on global oil supply will depend on the duration of the current conflict, with analysts noting that if the situation remains contained, the effects on supply could be manageable [5].

Investment Rating - The report maintains an "Outperform" rating for the oil and gas industry [3][2]. Core Insights - The geopolitical tensions in the Middle East are expected to elevate the risk premium and transportation costs for oil, leading to an increase in the central price of crude oil [4]. - The closure of the Strait of Hormuz by Iran has caused significant disruptions in international oil supply, with Brent crude prices rising sharply [8]. - The conflict has also led to a surge in European natural gas prices, adversely affecting the competitiveness of European chemical companies [10]. Summary by Sections Oil and Gas Industry - The report highlights the strategic reassessment of oil and gas assets, emphasizing the competitive edge of the chemical industry [1]. - It suggests focusing on oil and gas production companies such as China National Petroleum Corporation, CNOOC, and Zhongman Petroleum, as well as oil service companies like CNOOC Services and China Oil Engineering [17]. Geopolitical Impact - The report discusses the implications of military actions in the Middle East, particularly the closure of the Strait of Hormuz, which is a critical passage for global oil transport [5][8]. - Historical context is provided, noting that previous threats to close the Strait have led to significant spikes in oil prices [6]. Chemical Industry - The report indicates that the rise in natural gas prices in Europe could lead to the closure of approximately 37 million tons of chemical production capacity by 2025, which is about 9% of Europe's total capacity [14]. - It identifies domestic chemical companies like Sinochem and Wanhua Chemical as potentially benefiting from the increased competitiveness due to rising energy prices in Europe [17]. Company Valuations - The report includes a table of key companies with earnings forecasts and valuations, indicating that companies like China National Petroleum Corporation and CNOOC are expected to perform well in the coming years [19].

Group 1 - The core viewpoint of the article highlights a significant decline in the "Three Oil Giants" (China National Petroleum, Sinopec, and CNOOC) after a period of rapid price increases, with Sinopec and CNOOC hitting their daily limit down [1][3] - The Hong Kong oil and gas sector also experienced a sharp downturn, with companies like Baikin Oil Services and China National Petroleum seeing declines of over 40% and 39% respectively [3] - Current institutional expectations for the oil and gas sector are aligned, indicating a consensus on the market's volatility due to geopolitical tensions [4] Group 2 - The market's primary contention revolves around whether the Iranian Revolutionary Guard can maintain its blockade in the Strait of Hormuz, with potential for high volatility in oil prices in the short term [5] - Analysts suggest that if the US-Iran conflict persists, the oil sector may continue to perform strongly; however, any de-escalation could lead to a rapid decline in oil prices due to the loss of geopolitical premium [5] - Key risks identified for the oil and gas sector include geopolitical reversal risk, freight rate volatility, high valuation risk, and capital withdrawal risk, emphasizing the need for cautious investment strategies [5]

3月3日，上期所、上期能源同步出手，针对能源与航运相关品种收紧交易限额，并同步调整保证金及涨跌停幅度，自3月4日（3月3日夜 盘） 起执行。 其中，上期所发布《关于调整燃料油期货相关合约交易限额的通知》明确，自3月4日（即3月3日夜盘）交易起，非期货公司会员、境外特 殊非经纪参与者、客户在 燃料油期货 已上市合约的交易限额调整，燃料油期货已上市合约的日内开仓交易的最大数量为6000手。 图片来源：上期所网站 受中东地缘冲突持续升级影响，国际原油与航运市场剧烈波动，国内能源期货、A股油气板块同步走高。 3月3日晚，上海期货交易所（下称"上期所"）、上海国际能源交易中心（下称" 上期能源" ）密集发布通知，宣布风控措施； 中国石油、 中国石化、中国海油均 公告提示股价异动风险。 业内人士认为，地缘风险已成为当下主导油市短期波动的核心变量，期现货联动、境内外联动特征明显，交易所与上市公司 采取的措施 意 在维护市场平稳运行。 交易所调整相关品种交易限额等 同日， 上期能源 发布《关于调整原油等期货相关合约交易限额的通知》明确，自3月4日（即3月3日夜盘）交易起，非期货公司会员、境 外特殊非经纪参与者、客户在 原油、 ...

Investment consulting business qualification：CSRC License [2012] No. 669 投资咨询业务资格：证监许可【2012】669 号 中 信 期 货 国 际 化 研 究 | 中 信 期 货 研 究 所 International 中信期货国际化研究 | CITIC Futures International Research 2024 202-6/03/0 10-094 China Futures Daily Note 中国期货每日简报 桂晨曦 Gui Chenxi 从业资格号 Qualification No：F3023159 投资咨询号 Consulting No.：Z0013632 Read more English reports on CITIC Futures Insights: https://www.citicfutures.com/Insights 摘要 Abstract News: Wang Yi speaks with Iranian Foreign Minister Araghchi by phone. (Xinhua). ...

Core Viewpoint - The three major oil companies in China, namely Sinopec, CNOOC, and PetroChina, have reported abnormal stock trading fluctuations, with their stock prices deviating by over 20% in cumulative closing price changes over three consecutive trading days [2][9][12]. Group 1: Abnormal Trading Fluctuations - Sinopec's stock experienced a cumulative closing price increase of over 20% on February 27, March 2, and March 3, 2026, which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange rules [5][12]. - CNOOC's stock also showed a similar pattern, with a cumulative price increase exceeding 20% during the same period [9][10]. - PetroChina's stock followed suit, with the same cumulative price increase of over 20% across the specified trading days [12][14]. Group 2: Company Operations and Major Events - All three companies confirmed that their production and operational conditions are normal, with no undisclosed significant matters affecting their stock prices [6][10][12]. - There are no major events such as asset restructuring, share issuance, or significant business collaborations that have not been disclosed by the companies or their controlling shareholders [6][9][12]. - No media reports or market rumors have been identified that could impact the stock prices of these companies [6][10].

Group 1 - Nvidia announced the 2026 GTC conference to be held in California from March 16-19, focusing on the latest developments in AI chips and industry application trends, attracting global tech industry attention [2] - China National Petroleum, Sinopec, and CNOOC issued stock price fluctuation announcements, stating that international oil price trends are uncertain due to geopolitical factors, but their production and operation remain normal [2] - Google launched the Gemini 3.1 Flash-Lite model, the fastest and most cost-effective in the Gemini series, priced at $0.25 per million input tokens and $1.50 per million output tokens, available for developers through Google AI Studio [2] - SK Hynix is exploring HBM4 new packaging technology to enhance performance by reducing DRAM gaps, targeting Nvidia's high-end demand [2] Group 2 - Baiwei Storage expects a net profit of 1.5 billion to 1.8 billion yuan for January-February 2026, a year-on-year increase of 921.77% to 1086.13%, with revenue projected at 4 billion to 4.5 billion yuan, a growth of 340% to 395% [3] Group 3 - Huawei launched a computing product matrix at MWC 2026, showcasing supercomputing clusters aimed at providing alternatives to Nvidia in the high-end AI computing market [5] - Yanzhou Coal Mining Company experienced a stock price fluctuation exceeding 20% over three trading days, attributed to geopolitical conflicts and international energy price volatility [5] - Alibaba's desktop Agent QoderWork is now fully open, integrating top global models and agent frameworks to extend AI capabilities into daily work scenarios [5] - Honor introduced the MagicAgent, the first intelligent model supporting heterogeneous task scheduling, with 30 billion lightweight parameters, surpassing previous models in planning capabilities [5] Group 4 - Apple launched a new MacBook Air with the M5 chip, starting at $1,299, and raised prices across the MacBook line, marking the implementation of its AI-first strategy [8] - Meta signed a three-year AI content licensing agreement with News Corp, paying up to $50 million annually for content training [8] - Amazon launched a 15-minute grocery delivery service in Brazil and faced AWS service interruptions due to a drone attack on its Middle East data center [8] - Microsoft signed an industrial AI cooperation memorandum with Saudi Aramco to promote AI applications in the energy sector [8] Group 5 - Micron Technology opened India's first semiconductor packaging and testing factory in Gujarat, with a total investment of $2.75 billion, aiming for production capacity in the tens of millions by 2026 [9] - AT&T partnered with AWS to provide resilient last-mile connectivity services for enterprise AI workloads, with previews set for the second quarter of 2026 [9] - MongoDB's first-quarter profit outlook fell below market expectations, leading to concerns and target price downgrades from multiple brokerages [9] Group 6 - Samsung clarified that the Galaxy S26 series will maintain an 8Bit color depth, debunking previous 10Bit rumors, and announced plans to significantly modify HBM4E designs to reduce defect rates by 97% [12] - Sony Group completed the acquisition of an additional 41% stake in Peanuts Holdings LLC for $460 million, now holding 80% of the company [12] - Hyundai reported a 6% increase in electric vehicle sales and a 79% surge in hybrid vehicle sales in February [12] - Mitsubishi Chemical announced a 30% price increase for electronic materials, particularly affecting CCL products, raising concerns about cost impacts on the semiconductor supply chain [12]

Group 1 - International oil prices surged significantly, with WTI crude oil rising by 4.86% to $74.69 per barrel and Brent crude oil increasing by 5.04% to $81.66 per barrel [3] - The A-share oil and gas sector experienced a rare surge, with the "three barrels of oil" (China National Petroleum, Sinopec, and CNOOC) achieving consecutive price increases for two trading days, marking a historical first [12] - The Korean stock market faced a significant drop, with the Kospi index declining over 7%, attributed to rising oil prices and a decrease in global risk appetite [15][16] Group 2 - Apple officially launched a new line of MacBook products featuring the M5 series chips, with AI computing performance as a core selling point [17] - The new MacBook Pro models show up to an 8-fold improvement in AI performance compared to the M1 models, while the MacBook Air has doubled its starting storage capacity to 512GB [18] - Google introduced the Gemini 3.1 Flash-Lite model, which offers significant improvements in response time and output speed, making it suitable for high-frequency workloads [19][20] Group 3 - Longsheng Life Insurance reported a decline in solvency ratios, with the core solvency ratio at 64.8% and the comprehensive solvency ratio at 79.7% as of the end of Q4 2025 [28] - Beijing Bank faced scrutiny after a pricing error in gold accumulation products led to significant discrepancies, prompting the bank to suspend operations and revoke orders [25][26]