Core Viewpoint - The announcement details the resignation of Li Yonglin, an executive director and senior vice president of Sinopec, effective February 13, 2026, due to work adjustments, with no pending commitments to the company [1]. Group 1: Resignation Details - Li Yonglin's resignation includes his roles as executive director, member of the board's strategic committee, and senior vice president [1]. - His term was originally set to end in June 2027, but he has chosen to resign earlier [1]. - After his departure, Li Yonglin will not hold any positions within Sinopec or its subsidiaries [1]. Group 2: Board Composition and Transition - The resignation will not reduce the number of board members below the legal requirement [1]. - Li Yonglin will ensure a proper handover according to the company's management policies [1]. - He confirmed that there are no disagreements with the board regarding his resignation and no matters requiring shareholder attention [1]. Group 3: Acknowledgment of Contributions - The board expresses gratitude for Li Yonglin's diligent work and contributions during his tenure [1].

Core Viewpoint - China Petroleum has recently obtained a new invention patent related to hydrogen fuel engine oil, indicating a focus on innovation in fuel technology and potential growth in the hydrogen energy sector [1] Group 1: Patent Information - The newly authorized patent is titled "Composite Additive Composition for Hydrogen Fuel Engine Oil and Hydrogen Fuel Engine Oil Composition" with application number CN202311463568.2, authorized on February 13, 2026 [1] - The composite additive composition includes specific percentages of various components such as 3.0-5.0% high alkaline magnesium sulfonate and 12.0-20.0% low alkaline calcium sulfonate, aimed at improving the demulsification performance of hydrogen fuel engine oil under high temperature and pressure [1] Group 2: Research and Development - In 2023, China Petroleum has received a total of 311 patent authorizations, representing a 73.74% increase compared to the same period last year [1] - The company invested 9.899 billion yuan in research and development in the first half of 2025, reflecting a year-on-year increase of 2.51% [1] Group 3: Company Investments and Assets - China Petroleum has made investments in 1,300 enterprises and participated in 443 bidding projects [2] - The company holds 105 trademark records and 48,574 patent records, along with 168 administrative licenses [2]

智通财经APP讯，中国石油化工股份(00386)公布，董事会于2026 年2月13日收到李永林先生的辞职报 告，李永林先生因工作调整辞去中国石化执行董事、董事会战略委员会委员及高级副总裁职务。 ...

Market Overview - The Shanghai Composite Index fell by 1.26% on February 13, with only 2 sectors rising, namely Comprehensive and Defense Industry, which increased by 2.06% and 0.65% respectively [1] - The sectors with the largest declines were Non-ferrous Metals and Building Materials, down by 3.36% and 3.10% respectively [1] Oil and Petrochemical Industry - The Oil and Petrochemical sector dropped by 3.09%, with a net outflow of 885 million yuan in main funds [1] - Out of 47 stocks in this sector, 7 stocks rose while 38 stocks fell [1] - The stocks with the highest net inflow were Tongkun Co., Ltd. with 56.42 million yuan, followed by China Petroleum and Hengyi Petrochemical with net inflows of 35.29 million yuan and 10.21 million yuan respectively [1] - The stocks with the largest net outflows included Sinopec Oilfield Service, China National Offshore Oil Corporation, and Intercontinental Oil and Gas, with net outflows of 129 million yuan, 111 million yuan, and 109 million yuan respectively [1] Fund Flow in Oil and Petrochemical Sector - The top stocks by fund flow in the Oil and Petrochemical sector included: - Sinopec Oilfield Service: -3.30% change, -128.75 million yuan net outflow [1] - China National Offshore Oil Corporation: -3.24% change, -111.14 million yuan net outflow [1] - Intercontinental Oil and Gas: -3.14% change, -109.09 million yuan net outflow [1] - Other notable stocks with significant net outflows include: - Haiyou Engineering: -5.25% change, -89.95 million yuan net outflow [1] - Rongsheng Petrochemical: -3.57% change, -82.54 million yuan net outflow [1] - Stocks with positive performance included: - Daqing Huake: +1.87% change, -4.03 million yuan net outflow [2]

Group 1 - The refining and trading sector experienced a decline of 3.94% compared to the previous trading day, with China Petroleum leading the drop [1] - The Shanghai Composite Index closed at 4082.07, down 1.26%, while the Shenzhen Component Index closed at 14100.19, down 1.28% [1] - The net capital outflow from the refining and trading sector amounted to 217 million yuan, while retail investors saw a net inflow of 84.86 million yuan [1] Group 2 - The main capital flow in the refining and trading sector showed a net outflow of 217 million yuan from institutional investors, with a net inflow of 132 million yuan from speculative funds [1] - The individual stock capital flow within the refining and trading sector is detailed in the accompanying table [1]

Group 1 - The stock indices weakened, with the Shanghai Composite Index dropping over 1.00%, the Shenzhen Component Index falling by 0.90%, and the ChiNext Index declining by 1.10% [1] - Resource stocks, including oil and gas and non-ferrous metals, saw an expanded decline in the afternoon session [1] - Major weighted stocks such as China Petroleum, Zijin Mining, and Luoyang Molybdenum all experienced declines exceeding 5% [1]

Group 1 - China National Petroleum Corporation (CNPC) experienced a decline of 5.07% in stock price, reaching 10.48 CNY per share, with a trading volume of 1.774 billion CNY and a turnover rate of 0.10%, resulting in a total market capitalization of 1,918.06 billion CNY [1] - CNPC's main business activities include exploration, development, production, transportation, and sales of crude oil and natural gas, as well as refining, chemical production, and sales of new materials [1] - The revenue composition of CNPC is as follows: refining products 69.64%, crude oil 43.27%, natural gas 39.98%, chemical products 8.78%, other 7.00%, non-oil sales at gas stations 0.86%, other income 0.04%, and pipeline transportation 0.03% [1] Group 2 - Four funds under the China Insurance Asset Management Company hold a total of 2.3052 million shares of CNPC, resulting in a floating loss of approximately 1.2909 million CNY based on the stock price drop [2] - The fund "Renbao Zhongzheng A500 Index Enhanced A" holds 1.6316 million shares, accounting for 1.55% of the fund's net value, with a floating loss of about 0.9137 million CNY [2] - The fund "Renbao Hongli Zhixiang Mixed A" holds 321,500 shares, representing 1.47% of the fund's net value, with a floating loss of approximately 0.18 million CNY [2]

Group 1 - The core point of the news is that China Petroleum's stock price has dropped by 5.07% to 10.48 CNY per share, with a trading volume of 1.771 billion CNY and a total market capitalization of 1,918.06 billion CNY [1] - China Petroleum and Natural Gas Co., Ltd. was established on November 5, 1999, and listed on November 5, 2007, with its main business involving exploration, development, production, transportation, and sales of crude oil and natural gas, as well as renewable energy [1] - The revenue composition of China Petroleum includes refining products (69.64%), crude oil (43.27%), natural gas (39.98%), chemical products (8.78%), and other sales [1] Group 2 - Two funds under Wanjia Fund have significant holdings in China Petroleum, totaling 11.2897 million shares, resulting in a floating loss of approximately 632.22 thousand CNY based on the current stock price [2] - The Wanjia Dual-Engine Flexible Allocation Mixed Fund holds 11.2584 million shares, accounting for 4.22% of the fund's net value, while the Wanjia Dividend Quantitative Stock Mixed Fund holds 31.3 thousand shares, accounting for 2.98% of its net value [2] - The estimated floating loss for the Wanjia Dual-Engine Flexible Allocation Mixed Fund is about 630.47 thousand CNY, and for the Wanjia Dividend Quantitative Stock Mixed Fund, it is approximately 1.75 thousand CNY [2]

Group 1 - China National Petroleum Corporation (CNPC) experienced a decline of 5.07% in stock price, reaching 10.48 CNY per share, with a trading volume of 1.774 billion CNY and a turnover rate of 0.10%, resulting in a total market capitalization of 1,918.06 billion CNY [1] - CNPC's main business activities include exploration, development, production, transportation, and sales of crude oil and natural gas, as well as refining, chemical production, and sales of various products [1] - The revenue composition of CNPC is as follows: refining products 69.64%, crude oil 43.27%, natural gas 39.98%, chemical products 8.78%, other 7.00%, non-oil sales at gas stations 0.86%, other income 0.04%, and pipeline transportation business 0.03% [1] Group 2 - Nord Fund has one fund heavily invested in CNPC, with Nord New Enjoy (004987) reducing its holdings by 26,200 shares in the fourth quarter, now holding 141,100 shares, which represents 5.05% of the fund's net value, making it the third-largest holding [2] - The estimated floating loss for Nord New Enjoy today is approximately 79,000 CNY [2] - Nord New Enjoy has a total scale of 29.0987 million CNY, with a year-to-date return of 14.01%, ranking 796 out of 8,890 in its category, and a one-year return of 32.8%, ranking 3,278 out of 8,132 [2]

Group 1 - China Petroleum's stock price dropped by 5.07% to 10.48 CNY per share, with a trading volume of 1.775 billion CNY and a turnover rate of 0.10%, resulting in a total market capitalization of 1,918.06 billion CNY [1] - The company, established on November 5, 1999, and listed on November 5, 2007, is involved in various sectors including oil and gas exploration, production, refining, and sales, as well as new energy and chemical products [1] - The revenue composition of China Petroleum includes refining products (69.64%), crude oil (43.27%), natural gas (39.98%), chemical products (8.78%), and other sales [1] Group 2 - Tianhong Fund holds a total of 1.3599 million shares of China Petroleum across seven funds, with a floating loss of approximately 761,500 CNY based on the current stock price [2] - The largest holding is in Tianhong Value Select Mixed Fund A, with 400,000 shares, representing 0.43% of the fund's net value, resulting in a floating loss of about 224,000 CNY [2] - Tianhong Index Fund A increased its holdings by 130,000 shares in the fourth quarter, now holding 370,000 shares, which accounts for 9.74% of the fund's net value, leading to a floating loss of approximately 207,200 CNY [3]