Core Viewpoint - The successful application of "Kunlun·Huanxiling" asphalt in the renovation of Chang'an Avenue demonstrates the technological strength and brand commitment of China National Petroleum Corporation (CNPC) through the use of 100% domestically produced high-end asphalt products [1][2]. Group 1: Product Performance - "Kunlun·Huanxiling" asphalt features five outstanding characteristics: non-sticky wheels, high load resistance, rutting resistance, aging resistance, and odorless properties, which enhance construction efficiency and ensure long-term stability under heavy traffic and temperature variations [2]. - The product's excellent aging resistance extends the lifespan of the pavement, while its environmentally friendly nature ensures comfort for construction sites and surrounding areas [2]. Group 2: Research and Development - The development of "Kunlun·Huanxiling" asphalt involved a multi-year, interdisciplinary collaborative research effort, addressing technical challenges related to the stable dispersion of high proportions of SBS modifiers in traditional low-grade asphalt [1][2]. - The research team proposed the "composite modification of elastomers" theory, leading to the successful development of high-viscosity and high-elasticity modified asphalt, achieving domestic substitution [1]. Group 3: Implementation and Logistics - CNPC's comprehensive approach includes efficient coordination among various units, ensuring timely completion of the project within a limited night construction window [1][3]. - The logistics support system, including dedicated pipelines for raw material transportation and a specialized logistics line for Chang'an Avenue, has been established to ensure high-quality application of the asphalt on-site [3]. Group 4: Strategic Importance - The successful implementation of "Kunlun·Huanxiling" asphalt aligns with China's innovation-driven development strategy, showcasing CNPC's commitment to tackling key core technologies and promoting material localization [2]. - The company aims to continue demonstrating its innovative achievements and responsibility in the high-end materials sector through ongoing projects using "Kunlun" brand asphalt [3].

中国石油化工股份(00386)公布，2025年10月13日耗资约1279.32万元回购242万股A股股份。 ...

格隆汇10月13日丨中国石油化工股份(00386.HK)发布公告，2025年10月13日耗资人民币1279.32万元回 购242万股A股，回购价格每股5.27-5.3元。 ...

智通财经APP讯，中国石油化工股份(00386)公布，2025年10月13日耗资约1279.32万元回购242万股A股 股份。 ...

集团公司董事、党组副书记 段良伟 股份公司非执行董事 正高级工程师。 【中国石油副总经理任职】近目，中国石油天然气集团有限公司官网"集团高层"一栏显示，宋大勇现已 担任中石油集团党组成员、副总经理。（中国石油天然气集团有限公司）#电力快讯# 投资者 ~ 股份公司 | @ English Pyc 中国石油 首页 关于我们 新闻中心 信息公开 业务中心 产品与服务 环境与社会 胆非中心 CNPC在全面 关于 周心怀 段良伟 周 松 任立新 弱 雷 张道伟 陈东升 宋大勇 集团简介 蛋事合 戴厚良 集团公司董事长、党组书记 股份公司董事长 集团高层 组织机构 正高级工程师。第十四届全国政协委员,中国工程院院士。 主营业务 曾任中国石化扬子石油化工公司副经理,扬子石油化工股份有限公司董事、副总 投资者关系 经理、副董事长、总经理、董事长、党委常委,中国石化股份公司财务副总监、副 党群建设 总裁、董事、高级副总裁、财务总监、副董事长、总裁、董事长,中国石化集团公 品牌形象 司党组成员、总经理、董事、党组副书记、董事长、党组书记等职务。 集团公司董事、总经理、党组副书记 周心怀 正高级工程师。 曾任中国海洋石油东海石油管 ...

Core Viewpoint - The Daqing Oilfield is effectively addressing the challenge of oil sludge disposal through the establishment of specialized treatment stations, achieving a "one stone, three birds" effect by recycling oil, reusing water, and utilizing sludge for construction purposes [1][2]. Group 1: Oil Sludge Management - The Daqing Oilfield's production in 2024 is expected to generate 44,000 tons of sludge, with oil sludge accounting for 18.95% due to oil extraction and construction activities [1]. - The oil sludge treatment station in the 7th operation area has an average daily processing capacity of approximately 60 tons during summer, significantly mitigating the issue of secondary pollution [1]. Group 2: Treatment Process and Outcomes - The processed sludge is divided into three components: sludge with oil content ≤2% is sent to drying areas, treated wastewater is discharged to the wastewater system, and oil with water content below 3‰ is transported to the joint station [2]. - The treatment station can process 6,600 tons of oil sludge annually, achieving harmlessness, resource utilization, and economic benefits, with treated soil meeting the pollution control standards for oil sludge in Heilongjiang Province [2].

Core Viewpoint - The recent evaluation results of the 2024-2025 quality management activities in the petroleum and chemical industry highlight the achievements of China National Petroleum Corporation (CNPC) in quality management and continuous innovation across various business sectors [1][2]. Group 1: Achievements and Recognition - CNPC achieved a total of 128 quality control (QC) group activity results and 5 quality trust team construction results in the recent evaluation [1]. - The evaluation, organized by the China Petroleum and Chemical Industry Federation, resulted in 661 first-class achievements, including 473 from quality management group activities and 188 from quality trust teams [1]. - The awarded achievements span multiple business areas, including oil and gas exploration and development, refining and chemicals, engineering technical services, and sales and trade [2]. Group 2: Commitment to Quality - CNPC adheres to the "quality first" philosophy, continuously enhancing quality awareness among all employees and promoting mass quality management activities [3]. - Since the 14th Five-Year Plan, CNPC has registered 57,400 QC groups and achieved 40,100 QC results [3].

Core Viewpoint - The Energy ETF (159930) opened with a decline of 2.27%, indicating a negative market sentiment towards energy stocks [1] Group 1: ETF Performance - The Energy ETF (159930) opened at 1.333 yuan, reflecting a drop in value [1] - Since its establishment on August 23, 2013, the fund has achieved a return of 37.76% [1] - The fund's performance over the past month shows a return of 3.11% [1] Group 2: Major Holdings Performance - Major holdings in the Energy ETF experienced declines, including: - China Shenhua down 0.78% - China Petroleum down 1.69% - China Petrochemical down 1.30% - Shaanxi Coal and Chemical Industry down 1.79% - China National Offshore Oil Corporation down 1.64% - Yanzhou Coal Mining down 2.28% - Jereh Group down 3.94% - China Coal Energy down 1.68% - Shanxi Coking Coal down 2.60% - Meijin Energy down 2.82% [1] Group 3: Management Information - The Energy ETF is managed by Huatai-PineBridge Fund Management Co., Ltd. [1] - The fund managers are Dong Jin and Sun Hao [1]

Core Viewpoint - China National Petroleum Corporation (CNPC) shows a mixed performance in financing activities, with a notable decrease in net financing buy and a relatively high level of short selling activity [1][2]. Financing Summary - On October 10, CNPC had a financing buy of 64.88 million yuan and a financing repayment of 110 million yuan, resulting in a net financing buy of -45.53 million yuan [1]. - The total financing balance for CNPC as of October 10 is 2.339 billion yuan, which accounts for 0.17% of its market capitalization and is below the 40th percentile level over the past year, indicating a low financing level [1]. - In terms of short selling, CNPC had a short selling repayment of 72,000 shares and a short selling amount of 71,500 shares, with a total short selling value of 592,000 yuan based on the closing price [1]. Company Overview - CNPC, established on November 5, 1999, and listed on November 5, 2007, is involved in the exploration, development, production, transportation, and sales of crude oil and natural gas, as well as renewable energy [2]. - The company's revenue composition includes refining products (73.89%), crude oil (45.28%), natural gas (39.06%), chemical products (10.48%), and other segments [2]. - As of June 30, 2025, CNPC reported a revenue of 1.450 trillion yuan, a year-on-year decrease of 6.68%, and a net profit attributable to shareholders of 83.993 billion yuan, down 5.21% year-on-year [2]. Dividend and Shareholding Summary - CNPC has distributed a total of 875.28 billion yuan in dividends since its A-share listing, with 247.08 billion yuan distributed over the past three years [3]. - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with notable increases in holdings for some entities [3].

Core Insights - The Longqing Oilfield has achieved significant milestones in shale oil and crude oil production, with daily outputs surpassing 10,000 tons, showcasing its robust growth and development in the energy sector [1] Group 1: Historical Development - The Longqing Oilfield's journey began in the early 1970s, marked by the mobilization of 50,000 oil workers to the region, overcoming harsh conditions to establish oil exploration [2] - The first oil well in the region led to the discovery of major oil and gas fields, contributing over 1 billion tons of oil and gas equivalent to the national energy supply [2] Group 2: Technological Advancements - Longqing Oilfield has developed five major theories and four core technologies to tackle the challenges of low-yield oil and gas reservoirs, transforming previously deemed "worthless" reserves into valuable energy sources [3] - The introduction of innovative techniques, such as water-based gel fracturing, has significantly increased production efficiency, with annual shale oil output accounting for a substantial portion of the national total [3] Group 3: Digital Transformation - The implementation of a centralized ERP system since 2003 has revolutionized the management of over 120,000 oil and gas wells, leading to a doubling of labor productivity despite a tripling of well numbers [4] Group 4: Environmental Responsibility - Longqing Oilfield has adopted an eco-friendly approach, enhancing the habitat for local wildlife while simultaneously increasing energy production, with annual electricity generation capacity reaching 580 million kilowatt-hours [5] - The company has invested significantly in local development, creating over a million jobs and contributing to the construction of green energy systems [5]