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） 獨立非執行董事辭任及董事會下屬委員會組成變動 獨立非執行董事辭任 中國海洋石油有限公司（「本公司」）董事會（「董事會」）宣佈，陳澤銘先生 （「陳先生」）因接受香港特區政府委任職務，辭任本公司獨立非執行董事，自二 零二五年十二月二十九日起生效。因此，彼於同日起亦將不再擔任本公司審核委員 會及薪酬委員會成員。 陳先生已確認彼與董事會並無任何意見分歧，亦無任何與其辭任有關的事項須提請本 公司股東、香港聯合交易所有限公司及上海證券交易所注意。 董事會僅藉此機會對陳先生為本公司所作出的貢獻表示衷心的感謝。 董事會下屬委員會組成變動 董事會進一步宣佈，獨立非執行董事邱致中先生獲委任為本公司審核委員會成員。 獨立非執行董事林伯強先生獲委任為本公司薪酬委員會成員。上述變動均自二零二 五年十二月二十九日起生效。 承 ...

证券之星消息，12月29日油气开采板块较上一交易日上涨2.32%，洲际油气领涨。当日上证指数报收于 3965.28，上涨0.04%。深证成指报收于13537.1，下跌0.49%。油气开采板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日油气开采板块主力资金净流入3.24亿元，游资资金净流出1.52亿元，散户资金净 流出1.71亿元。油气开采板块个股资金流向见下表： | 代码 | 名称 | | 主力净流入 (元) | | | 主力净占比 游资净流入 (元) 游资净占比 散户净流入 (元) 散户净占比 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 600938 中国海油 | | | 3.01亿 | 21.66% | -1.17 Z | -8.42% | -1.84 Z- | -13.25% | | 600759 洲际油气 | | 4071.81万 | | 2.58% | -4465.63万 | -2.83% | 39 ...

人民财讯12月29日电，企查查APP显示，近日，国家管网集团液化天然气有限公司成立，法定代表人为 王晓刚，注册资本5亿人民币，经营范围包括技术进出口、自然科学研究和实验发展、工程和技术研究 和试验发展等。企查查股权穿透显示，该公司由国家石油天然气管网集团有限公司全资持股。 ...

Core Viewpoint - The A-share market shows a mixed trend with the energy sector leading a significant rise, particularly in oil and coal stocks, indicating a potential investment opportunity in these sectors [1][3]. Energy Sector Performance - The Energy ETF (159930) experienced a notable increase of 1.53%, with trading volume exceeding 52 million yuan, reflecting active market participation [1]. - Major coal stocks saw substantial gains, with Huayang Co. rising over 4%, and other companies like China Coal Energy and Yanzhou Coal Mining increasing by more than 1% [3]. - The three major oil companies collectively surged, with China Petroleum rising over 2% and China Petrochemical increasing by more than 3% [3]. Key Component Stocks - The top ten component stocks of the Energy ETF include: - China National Offshore Oil Corporation (2.23% increase, 15.22% weight) - China Petroleum & Chemical Corporation (3.80% increase, 11.77% weight) - Shaanxi Coal and Chemical Industry (0.74% increase, 11.71% weight) [4]. Industry Insights - The coal price has dropped over 140 yuan/ton since mid-November, attributed to lower-than-expected thermal power generation, with a year-on-year decline of 4.2% in November [6]. - The average daily coal production reached a record high of 14.23 million tons in November, aligning with seasonal expectations [6]. - Analysts suggest that the coal sector is at the beginning of a new upward cycle, supported by fundamental and policy factors [8]. Future Outlook - Forecasts indicate that temperatures in central and eastern China will drop, potentially increasing coal consumption [7]. - The coal sector is expected to stabilize as supply-demand dynamics improve, with analysts recommending low-cost investments in coal stocks [9]. - The oil market remains influenced by geopolitical risks and supply-demand dynamics, with expectations of a gradual recovery in oil prices in the coming quarters [8]. Investment Strategy - The coal sector is characterized by high dividend yields and cyclical elasticity, making it an attractive investment opportunity [9]. - The oil sector is also highlighted for its high dividend characteristics, with expectations of value re-evaluation for state-owned enterprises amid stable cash flows [9][10].

Core Viewpoint - The report highlights the stability of international oil prices and suggests focusing on undervalued leading companies in the chemical industry, the impact of "anti-involution" on supply, and the importance of self-sufficiency in electronic materials and certain new energy materials amid price increases [1][7]. Industry Dynamics - During the week of December 22-28, 34 out of 100 tracked chemical products saw price increases, while 32 experienced declines, and 34 remained stable. 55% of products had month-over-month price increases, 35% saw decreases, and 10% remained unchanged [2]. - The average price of WTI crude oil was $56.74 per barrel with a weekly increase of 0.14%, while Brent crude oil was $60.64 per barrel with a 0.28% increase. Geopolitical tensions in Ukraine have affected energy infrastructure [3]. - The average price of pure MDI decreased by 4.23% to 18,100 CNY/ton, while the average price of polymer MDI fell by 2.39% to 14,300 CNY/ton. The demand from downstream industries remains weak [4]. - Acetic acid prices increased by 2.93% to 2,496 CNY/ton, with a production increase of 2.71% to approximately 238,900 tons. The overall operating rate for acetic acid was 72.15% [5][6]. Investment Recommendations - As of December 27, the SW basic chemical sector's P/E ratio is 25.60, and the P/B ratio is 2.33. The SW oil and petrochemical sector's P/E ratio is 13.17, and the P/B ratio is 1.28. The report suggests focusing on undervalued leading companies, the impact of "anti-involution," and the importance of self-sufficiency in electronic materials and new energy materials [7]. - Long-term investment themes include potential demand recovery supported by policies, continuous supply-side optimization, and growth in emerging sectors such as semiconductor materials and new energy materials [7]. - Recommended stocks include Wanhua Chemical, Hualu Hengsheng, and others, with a focus on companies in sectors like fluorochemicals, agriculture, refining, and textiles [7][8].

Group 1 - The core viewpoint of the news is that China National Offshore Oil Corporation (CNOOC) has shown positive stock performance with a 2.01% increase in share price, reaching 28.88 CNY per share, and a total market capitalization of 1,372.665 billion CNY [1] - CNOOC's main business involves the exploration, production, and sales of crude oil and natural gas, with revenue composition being 82.73% from oil and gas sales, 14.96% from trading, and 2.31% from other activities [2] - As of September 30, 2025, CNOOC reported a total revenue of 312.503 billion CNY, a year-on-year decrease of 4.15%, and a net profit attributable to shareholders of 101.971 billion CNY, down 12.59% year-on-year [2] Group 2 - CNOOC has distributed a total of 255.995 billion CNY in dividends since its A-share listing, with 179.051 billion CNY distributed over the past three years [3] - As of September 30, 2025, the number of CNOOC shareholders was 216,500, a decrease of 7.02% from the previous period, while the average circulating shares per person increased by 7.62% to 13,922 shares [2]

Group 1 - The core point of the article highlights the performance of the oil and gas ETF Huatai Fuhua (159309), which opened with a slight increase of 0.09% at 1.139 yuan [1] - The major holdings of the oil and gas ETF include companies such as Jereh, CNOOC, PetroChina, Sinopec, and others, with varying performance on the opening day [1] - The ETF's performance benchmark is the CSI Oil and Gas Resource Index return rate, managed by Huatai Fuhua Fund Management Co., Ltd., with a return of 13.88% since its establishment on May 31, 2024, and a return of 5.61% over the past month [1] Group 2 - Jereh shares opened down by 2.00%, while CNOOC and PetroChina saw declines of 0.39% and 0.10% respectively [1] - Sinopec remained unchanged, while other companies like China Merchants Energy and Intercontinental Oil & Gas showed slight increases [1] - The overall performance of the ETF reflects the mixed performance of its underlying assets in the oil and gas sector [1]

Investment Rating - The report maintains an "Overweight" rating for the petrochemical sector [4] Core Viewpoints - The 2025 CITIC Petrochemical Index recorded an annual increase of 15.1%, underperforming compared to the CSI 300 and Wind All A indices, with an excess return rate of -6.8% [8][11] - The "Big Three" oil companies demonstrated resilience during periods of oil price fluctuations, with their stock prices recovering in the second half of 2025 [13][21] - The refining and chemical fiber sector showed strong stock performance, with key companies benefiting from a recovery in demand and policy support [18][22] - The coal chemical industry is expected to improve profitability due to a downward trend in coal prices and accelerated industrial upgrades [23] Summary by Sections Petrochemical Sector - The CITIC Petrochemical Index's performance was significantly impacted by oil price expectations, with a notable decline in the first half of 2025 due to OPEC+ production increases [8][11] - The "Big Three" oil companies (China National Petroleum, Sinopec, and CNOOC) achieved stable performance and cash flow despite challenges, with stock price changes of +16.3%, -9.8%, and +0.7% respectively [13][21] - The refining and chemical fiber sector saw strong stock price increases, with Hengli Petrochemical, Rongsheng Petrochemical, and Dongfang Shenghong rising by 43.6%, 22.9%, and 30.6% respectively [18][19] Coal Chemical Sector - The coal market has seen a gradual easing of supply and demand, with average prices for coking coal, thermal coal, and anthracite at 1700 RMB/ton, 677 RMB/ton, and 931 RMB/ton respectively, reflecting changes of +11.1%, -11.3%, and -10.5% year-to-date [23] - The modern coal chemical industry is expected to develop positively, driven by the need for green transformation and deep clean utilization of coal resources [23] Investment Recommendations - The report suggests focusing on the "Big Three" oil companies and their subsidiaries in the oil service sector, as well as leading companies in the refining-chemical fiber and coal chemical industries [3][21]

Investment Rating - The report provides a "C" investment rating for the petrochemical industry, indicating a cautious outlook for investment opportunities [2]. Core Insights - The PX supply-demand balance is expected to tighten in the first half of 2026, leading to a recovery in market conditions. The operating rate is projected to improve from 78% in 2023 to over 85% [3][11]. - The PTA industry has reached the end of its capital expenditure cycle, with no new capacity expected until mid-2027. The current industry is entering a phase of coordinated production cuts, which may reduce PX demand [11][12]. - The downstream polyester sector is gradually tightening, with expectations for improved market conditions. Recommended companies include Tongkun Co. and Wankai New Materials [16]. Summary by Sections PX Supply and Demand - PX supply-demand is expected to be tight in the first half of 2026, with a significant recovery in market conditions anticipated. The operating rate is projected to rise from 78% in 2023 to over 85% [3][11]. - There are no large-scale new capacity plans in the short term, and maintenance seasons for domestic refineries may create temporary supply gaps [3]. PTA Industry Overview - The PTA industry's capacity increased from 46.08 million tons in 2018 to 86.02 million tons in 2024, with an average annual growth rate of 11%. The current capacity accounts for about 75% of global PTA capacity [11]. - The PTA industry is expected to enter a phase of coordinated production cuts, which may weaken PX demand [11][12]. Investment Recommendations - The report recommends focusing on high-quality companies in the polyester sector, such as Tongkun Co. and Wankai New Materials, as well as large refining companies like Hengli Petrochemical and Rongsheng Petrochemical [16]. - The upstream exploration and development sector remains highly prosperous, with expectations for continued high capital expenditure in offshore services, recommending companies like CNOOC Services and Haiyou Engineering [16].

Investment Rating - The report maintains a "Positive" outlook on the petrochemical industry, highlighting a recovery in PX supply-demand dynamics and PTA profitability restoration [3][5]. Core Insights - The PX market is expected to see a tightening supply-demand balance, with a recovery in operating rates from 78% in 2023 to over 85% as downstream PTA production ramps up in 2024-2025. This is anticipated to lead to a significant improvement in market conditions [5][6]. - PTA production capacity in China is projected to increase from 46.08 million tons in 2018 to 86.02 million tons by 2024, accounting for 75% of global capacity. The report indicates that there will be no new capacity additions post-2026, leading to a collaborative reduction phase in the industry [13][19]. - The upstream oil sector is experiencing rising oil prices, with Brent crude futures closing at $60.64 per barrel, reflecting a 0.28% increase week-on-week. This is expected to support the profitability of refining companies [5][26]. - The polyester sector is showing mixed performance, with PTA profitability increasing while polyester filament profits are declining. The report emphasizes the need to monitor demand changes closely [19]. Summary by Sections PX Market - PX supply-demand is tightening, with a forecasted increase in operating rates to over 85% due to no new capacity additions and seasonal maintenance in early 2026 [5][6]. - The report notes that the PX price has risen to $878.87 per ton, a week-on-week increase of 5.61% [19]. PTA Market - PTA production capacity is expected to reach 71.14 million tons in 2024, a 13% year-on-year increase. The report anticipates a collaborative reduction phase starting in 2026 due to no new capacity additions [13][19]. - PTA prices have shifted from a downward trend to an upward trend, with current prices in East China averaging 4,936 RMB per ton, reflecting a 6.94% increase week-on-week [19]. Upstream Oil Sector - Brent crude oil prices have increased, with a weekly average price of $61.91 per barrel, indicating a positive trend for upstream oil companies [5][26]. - The report highlights a decrease in the number of active drilling rigs in the U.S., with 545 rigs reported, a decrease of 44 year-on-year, suggesting a potential impact on future oil supply [41]. Investment Recommendations - The report recommends focusing on high-quality companies in the polyester sector, such as Tongkun Co. and Wankai New Materials, as well as major refining companies like Hengli Petrochemical and Rongsheng Petrochemical due to expected improvements in profitability [19].