| 股份代號: | 00386 | | --- | --- | | 上市法國名稱: | 中國石油化工股份有限公司 - F | | 日期 (日 / 月 / 年): | 09/01/2026 - 09/02/2026 | 格隆汇2月9日丨根据联交所最新权益披露资料显示，2026年2月3日，中国石油化工股份(00386.HK)获FMR LLC在场内以每股均价5.2836港元增持2164.6万 股，涉资约1.14亿港元。 增持后，FMR LLC最新持股数目为1,195,004,549股，持股比例由4.93%上升至5.02%。 | 表格序號 | 大股東/董事/最高行政人員名稱 作出披露的 買入 / 賣出或涉及的股 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的 有關事件的 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 原因 | 份數量 | | | (請參閱上述*註解)有投票權股 (日 / 月 / 2 | | | | | | | | | 份自分比 | | | | | | | | | ( % ) | | | CS20260206E0 ...

智通财经APP获悉，香港联交所最新资料显示，2月3日，FMR LLC增持中国石油化工股份(00386)2164.6万股，每股作价5.2836港元，总金额约为1.14亿港 元。增持后最新持股数目约为11.95亿股，最新持股比例为5.02%。 ...

| | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净试比 波户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-02-09 | 10.75 | -0.19% | 1358.97万 | 1.02% | 18.63万 | 0.01% | -1377.61万 | -1.04% | | 2026-02-06 | 10.77 | 2.28% | 2.41亿 | 11.44% | -1.22亿 | -5.78% | -1.19 Z | -5.66% | | 2026-02-05 | 10.53 | -0.28% | -5878.35万 | -3.46% | 3154.82万 | 1.86% | 2723.52万 | 1.60% | | 2026-02-04 | 10.56 | 0.86% | 3461.55万 | 1.80% | -2754.91万 | -1.44% | -706.64万 | -0.37% | | 2026-02-03 | 10.47 | -1.97% | 4504.65 ...

智通财经APP获悉，香港联交所最新资料显示，2月3日，FMR LLC增持中国石油化工股份(00386)2164.6 万股，每股作价5.2836港元，总金额约为1.14亿港元。增持后最新持股数目约为11.95亿股，最新持股比 例为5.02%。 ...

Investment Rating - The report maintains a positive investment outlook for the polyester sector, particularly recommending high-quality companies in the polyester filament and bottle chip segments [6][13]. Core Insights - The report highlights that the cost support for polyester filament remains solid, with expectations for inventory replenishment post-holiday. The operating rate of polyester filament has significantly decreased, laying a foundation for recovery after the Spring Festival [6][7]. - Polyester filament inventory has been consistently declining since the beginning of 2026, with downstream textile raw material inventory also at low levels, indicating a strong demand for replenishment after the holiday [7][11]. - The price spread of polyester filament has improved significantly, with cost support expected to remain strong due to stable raw material prices and proactive supply adjustments [11][13]. Summary by Sections Supply and Demand Dynamics - The operating rate of polyester filament has dropped to 79.65%, down approximately 16 percentage points from previous highs, as companies conduct maintenance ahead of the holiday [6]. - Downstream textile operating rates have fallen to 25.15%, marking a low for the year, which is expected to lead to a rigid demand for inventory replenishment post-holiday [6][7]. Price Trends - As of February 6, 2026, the price spreads for polyester filament POY, FDY, and DTY are 1375, 1575, and 2475 CNY/ton respectively, indicating a recovery in price spreads since late January 2026 [11]. - The PTA price, a key raw material for polyester filament, remains high, with limited downward pressure expected, providing solid support for filament prices throughout the year [11][13]. Company Recommendations - The report recommends focusing on high-quality companies in the polyester filament sector such as Tongkun Co., Ltd. and in the bottle chip sector like Wankai New Materials. It also suggests monitoring leading refining companies such as Hengli Petrochemical and Rongsheng Petrochemical due to expected improvements in cost structures [13][15].

2025年第4季度，海南省市场监督管理局对全省流通领域车用尿素产品进行了监督抽查。本次抽查了25批次产品，经检验，全部合格。 本次监督抽查依据GB 29518-2013等标准要求，对下列项目进行了检验:尿素含量、密度、折光率、碱度、缩二脲、醛类、不溶物、磷酸盐、钙、铁、铜、 锌、铬、镍、铝、镁、钠、钾、一致性确认。本次抽查未发现有不符合标准要求的项目。 具体抽查结果如下: 2025年海南省流通领域车用尿素产品质量监督抽查所检项目符合相关标准的产品 | 序 | 产品名称(标称) | 商标(标称) | 规格型号 | 生产日期/批号(标 | 被检主体 | 生产企业(标称) | | --- | --- | --- | --- | --- | --- | --- | | 号 | | | | 称) | | | | 1 | 柴油车尾气处理液 | / | 净含量: 10 | | 中国石化销售股份有限公司海南海口海府加油站 | 海洋石油富岛有限公司 | | | | | kg | 2025-09-08 | | | | 2 | AUS 32柴油尾气净化液 | / | 10kg/桶 | 2025-07-06 | 中国石油海南销售有限 ...

Investment Rating - The report maintains a positive outlook on the polyester filament industry, indicating a "Buy" recommendation for quality companies in this sector [5][14]. Core Insights - The cost support for polyester filament raw materials remains solid, with expectations for a post-holiday inventory replenishment trend. The industry is currently in a seasonal lull before the Spring Festival, but proactive supply adjustments are laying the groundwork for recovery after the holiday [5][6]. - As of February 6, 2026, the operating rate for downstream textile production has dropped to 25.15%, while the operating rate for polyester filament has decreased to 79.65%. This decline is attributed to seasonal maintenance and self-regulated production cuts, effectively alleviating supply pressure [5][6]. - Inventory levels for polyester filament (POY/FDY/DTY) are at historical lows, with respective days of inventory at 12.7, 15.8, and 19.4 days. Downstream raw material inventory has also fallen to a historical low of 8.74 days, indicating a clear need for replenishment post-holiday [5][7]. - The price spread for polyester filament has significantly improved since late January 2026, with POY/FDY/DTY spreads recovering to 1375, 1575, and 2475 CNY/ton respectively. The PTA cost support remains robust, with no major new PTA facilities expected to come online in 2026, suggesting a tight supply-demand balance that will continue to support filament prices [5][12]. Summary by Sections Upstream Sector - Brent crude oil prices have decreased, with the closing price on February 6, 2026, at 68.05 USD/barrel, down 3.73% from the previous week. The WTI price was 63.55 USD/barrel, down 2.55% [21]. - As of January 30, 2026, U.S. commercial crude oil inventories stood at 420 million barrels, a decrease of 3.455 million barrels from the previous week, marking a 4% decline compared to the past five years [23]. Refining Sector - The comprehensive price spread for major refined products in Singapore increased to 15.63 USD/barrel as of February 6, 2026, reflecting a rise of 6.2 USD/barrel from the previous week [60]. - The price spread for gasoline (RBOB) against WTI crude oil was 18.4 USD/barrel, up 1.8 USD/barrel from the previous week, although still below the historical average of 24.5 USD/barrel [63]. Polyester Sector - The profitability of PTA has increased, while the profitability of polyester filament has decreased. As of February 4, 2026, the average price of PX in Asia was 904.93 USD/ton, down 1.78% week-on-week [5][14]. - The overall performance of the polyester industry is currently average, with expectations for gradual improvement as new production capacities are expected to taper off in the coming years [5][14].

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Views - The report highlights a positive outlook for the global chemical industry driven by the new demand cycle from anti-involution and AI, with a focus on the upcoming peak season in the chemical sector leading to price increases [1][2] - Chinese chemical companies are expected to benefit from solid cost and efficiency advantages, entering a long-term upward performance cycle [2] - The report emphasizes the potential for increased dividend yields as supply-side constraints and demand recovery enhance industry profitability [2] Summary by Sections Investment Suggestions - The report suggests focusing on sectors with supply constraints and recovering demand, which are likely to see sustained improvements in industry conditions [2] - Key sectors to watch include: 1. Coal Chemical: Hualu Chemical, Luxi Chemical, Baofeng Energy 2. Oil Refining: Hengli Petrochemical, Satellite Chemical, Sinopec, PetroChina, CNOOC 3. Polyurethane: Wanhua Chemical, Huafeng Chemical 4. Phosphate Fertilizer: Yuntianhua, Yuntu Holdings, Xinyangfeng, Batian Shares 5. Pesticides: Yangnong Chemical, Lier Chemical, Xingfa Group, Limin Shares, Jiangshan Shares, Xin'an Shares, Runfeng Shares 6. Potash Fertilizer: Salt Lake Shares, Yara International, Oriental Iron Tower [2] Supply Drivers - The report notes that domestic anti-involution measures and the exit of European production capacity are expected to support the chemical industry's recovery [3] Demand Drivers - The report identifies several demand-driven opportunities, including: 1. Gas turbines and SOFC upstream: Zhenhua Shares, Yingliu Shares, Longda Shares, Wanze Shares, Sanhuan Group 2. Refrigerants and fluorinated liquids: Juhua Shares, New Zhoubang, Runhe Materials 3. Energy storage industry chain: Chuanheng Shares, Xingfa Group, Yuntianhua, Batian Shares, Yuntu Holdings 4. Robotics materials industry chain: PEEK - Kingfa Technology, Zhongyan Shares, Guoen Shares, Huitong Shares 5. Semiconductor materials industry chain: Photoresists: Yanggu Huatai, Wanhua Shares, Dinglong Shares, Tongcheng New Materials, Jingrui Electric Materials, Jiuri New Materials, Yake Technology [7][10] Recent Performance - The chemical industry has shown strong relative performance, with a 1-month increase of 5.7%, a 3-month increase of 15.4%, and a 12-month increase of 47.2% compared to the CSI 300 index [5] Key Company Tracking and Earnings Forecast - The report provides a detailed earnings forecast for key companies, indicating a positive outlook for many, with several companies rated as "Buy" [29]

Group 1 - The core viewpoint of the article highlights the performance of the Oil ETF (561360), which opened with a gain of 0.84% at 1.442 yuan on February 9 [1] - The major holdings of the Oil ETF include China National Petroleum Corporation, China National Offshore Oil Corporation, and Sinopec, with varying performance: China National Petroleum down 0.74%, China National Offshore Oil down 0.29%, and Sinopec unchanged [1] - The Oil ETF's performance benchmark is the CSI Oil and Gas Industry Index return, managed by Guotai Fund Management Co., Ltd., with a return of 42.91% since its establishment on October 23, 2023, and a return of 13.78% over the past month [1] Group 2 - Notable stock performances within the ETF include Jerry Holdings up 2.76%, China Merchants Energy up 2.55%, and Henglian Petrochemical up 1.17% [1] - The article provides a detailed overview of the ETF's performance metrics, indicating a strong upward trend in the oil sector [1]

Group 1 - The core point of the article highlights the financing activities of China Petroleum (601857), indicating a net sell of 1.83 billion yuan in financing on February 6, with a financing balance of 18.26 billion yuan [1] - The company had a financing buy of 1.19 billion yuan and a financing repayment of 3.02 billion yuan on the same day [1] Group 2 - In terms of securities lending, 344,800 shares were sold, with 55,500 shares repaid, resulting in a net sell of 289,300 shares [2] - The securities lending balance is reported at 2.43 million shares, with a cumulative net sell of 359,800 shares over the last three trading days [2] - The total financing and securities lending balance is 18.52 billion yuan, reflecting a decrease of 8.84% compared to the previous day [2]