智通财经APP讯，中国石油化工股份(00386)发布公告，该公司于2025年9月22日斥资2211.61万港元回购 541万股股份，每股回购价格为4.07-4.12港元。 于同日，斥资1170.51万元人民币回购220万股A股，每股回购价格为5.31-5.36元人民币。 ...

2025 中石油彩印 设计承印 010-80427353 2025半年度報告 中國石油天然氣股份有限公司 本报告採用中国製造环保纸印刷 （於中華人民共和國註冊成立之股份有限公司） 股份代號：857 中国石油天然气股份有限公司 | 002 | 重要提示 | | --- | --- | | 003 | 公司基本情況简介 | | 005 | 会计数据和财务指标摘要 | | 007 | 股本变动及股东情況 | | 010 | 董事会报告 | | 027 | 重要事项 | | 040 | 董事、监事、高级管理人员情況 | | 042 | 债券相关情況 | | | 财务报告 | | 044 | 按中国企业会计準則編製 | | 147 | 按国际财务报告会计準則編製 | | 176 | 备查文件 | | 177 | 董事、监事、高级管理人员书面确认 | 002 重要提示 2025年半年度报告 重要提示 半年度报告 半年度報告 2025 中國石油天然氣股份有限公司 本半年度报告载有若干涉及本集团财务状況、经营成果及业务之前 瞻性声明。由於相关声明所述情況之发生与否，非為本集团所能控制， 这些前瞻性声明在本质上具有高度风险与不 ...

Group 1 - The core objective of the training is to enhance the safety management capabilities and operational standards of the internal maintenance team and cooperating contractors in the context of maintenance operations [1][2] - The training adopts a three-dimensional model of "theoretical teaching + case discussion + on-site teaching" to ensure practical skills are rooted in the participants [2] - The training focuses on three main areas: understanding safety policies and regulations, learning from accident case studies, and developing emergency response skills [2][3] Group 2 - The training aims to achieve a dual enhancement of safety theory and practical skills for the maintenance team, reinforcing the consensus on integrated safety management between the company and contractors [3] - The company plans to continue focusing on key safety production aspects, increasing on-site supervision, and promoting deeper safety management practices to support high-quality development [3]

Core Viewpoint - The meeting held by the mayor of Jilin City, Wang Ji, at the China National Petroleum Corporation Financial Co., Ltd. Jilin Branch emphasizes the importance of financial services in supporting local economic development and the transformation of the petrochemical industry [1][2]. Group 1: Company Overview - China National Petroleum Corporation Financial Co., Ltd. is a non-bank financial institution established with the approval of the People's Bank of China, serving the main business of China National Petroleum [2]. - The Jilin Branch was established in 2008 and has played a significant role in the financial management and services for the petrochemical industry in Northeast China [2]. Group 2: Economic Contribution - The Jilin Branch has provided efficient fund settlement and precise financial services, significantly supporting the transformation and development of the local chemical industry [2]. - The mayor expressed gratitude for the company's long-term support of local economic development and encouraged it to leverage development opportunities to enhance its financial product offerings [2]. Group 3: Future Directions - The company is encouraged to expand its business in settlement, credit, and bills, and to improve the quality and efficiency of its financial services [2]. - Financial regulatory agencies and relevant departments are urged to strengthen communication with the Jilin Branch to support its business operations and enhance the standardization and safety of financial services [2].

Core Viewpoint - China's largest shale gas production base, the Sichuan Southern Shale Gas Field, has surpassed a cumulative gas production of 100 billion cubic meters, highlighting significant advancements in technology and production capacity in the shale gas sector [1] Group 1: Production Achievements - The Sichuan Southern Shale Gas Field is located in the southern Sichuan Basin, covering areas in Luzhou, Yibin, Zhaotong in Yunnan, and Yongchuan in Chongqing [1] - From January to August this year, 237 new wells were put into production, resulting in a new production capacity of 4.5 billion cubic meters and a daily output exceeding 48 million cubic meters [1] - By the end of the year, the annual production of the Sichuan Southern Shale Gas Field is expected to exceed 16 billion cubic meters, accounting for approximately 60% of China's annual shale gas production and 7% of the national natural gas output [1] Group 2: Technological Advancements - The development of the gas field has faced challenges due to deep burial and thin layers, prompting a focus on core technology advancements [1] - Key technological systems developed include geological stability evaluation technology, integrated geological engineering 3D modeling and simulation technology, development optimization technology, rapid drilling technology, and precise fracturing technology [1] Group 3: Resource and Management Developments - Since the production of China's first shale gas well, the Weiyi 201 well, the Sichuan Southern Shale Gas Field has reported proven reserves exceeding 1.5 trillion cubic meters and has over 2,300 production wells [1] - The annual production scale has surpassed 15 billion cubic meters, establishing a solid resource foundation, mature technological system, and adaptive management model, positioning it as a crucial area for increasing natural gas reserves and future production growth [1]

Core Viewpoint - The chemical industry is experiencing mixed price movements, with 33 products increasing in price, 31 decreasing, and 36 remaining stable during the week of September 15-21. The report highlights the impact of various macroeconomic factors on the industry, including oil prices and supply-demand dynamics [1][3][4]. Chemical Industry Overview - During the week of September 15-21, 40% of tracked chemical products saw a month-on-month price increase, while 47% experienced a decrease, and 13% remained stable [1][3]. - The top gainers in average weekly prices included acetic acid (East China), NYMEX natural gas, sulfur (CFR China spot price), calcium carbide (East China), and trichloroethylene (East China) [3]. - The top losers in average weekly prices were vitamin E, nitric acid (East China), epoxy chloropropane (East China), dichloromethane (East China), and polyester FDY (East China) [3]. Oil Market Dynamics - International oil prices saw a slight decline, with WTI crude oil futures closing at $62.68 per barrel (down 0.02%) and Brent crude oil futures at $66.68 per barrel (down 0.46%) [4]. - U.S. crude oil production averaged 13.482 million barrels per day, a decrease of 13,000 barrels from the previous week but an increase of 282,000 barrels year-on-year [4]. - U.S. oil demand totaled 20.637 million barrels per day, an increase of 856,000 barrels from the previous week, with gasoline demand at 8.810 million barrels per day, up 302,000 barrels [4]. Fertilizer Market Insights - Urea prices decreased, with the average market price on September 19 at 1,675 yuan per ton, down 0.95% week-on-week and 11.70% year-on-year [6]. - The average daily production of urea was 193,300 tons, an increase of approximately 5,700 tons week-on-week [6]. - The average operating load of compound fertilizer was 40.78%, showing a slight increase of 1.42 percentage points from the previous week [6]. Investment Recommendations - The SW basic chemical sector's price-to-earnings ratio (TTM) is at 25.29 times, in the 75.31% historical percentile, while the price-to-book ratio is at 2.21 times, in the 52.99% historical percentile [8]. - The SW oil and petrochemical sector's price-to-earnings ratio (TTM) is at 11.50 times, in the 23.70% historical percentile, and the price-to-book ratio is at 1.14 times, in the 19.28% historical percentile [8]. - Key investment themes include the resilience of oil prices, the growth potential in new materials, and the recovery of demand supported by policy measures [9].

Core Viewpoint - The company announced its semi-annual profit distribution plan for 2025, detailing a cash dividend of 0.0130 yuan per share, totaling approximately 72.58 million yuan for all shareholders [2][3]. Distribution Plan - The distribution is based on a total share capital of 5,583,147,471 shares, with a cash dividend of 0.0130 yuan per share (before tax) [3]. - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shanghai Branch as of the close of trading on the record date [3]. Relevant Dates - The company held its annual general meeting on June 19, 2025, to approve the profit distribution plan, which was subsequently authorized by the board on August 21, 2025 [2]. Taxation Details - Individual shareholders holding shares for over one year are exempt from personal income tax on dividends, while those holding for one year or less will have taxes deducted upon sale of shares [6]. - For qualified foreign institutional investors (QFIIs), a 10% withholding tax applies, resulting in a net dividend of 0.0117 yuan per share [7]. Contract Signing Announcement - The company’s subsidiary signed an EPC contract worth 513 million USD (approximately 3.688 billion yuan) with ADNOC Gas for a gas pipeline project in the UAE [12][15]. - The project has a construction period of 36 months, followed by a 12-month warranty period [18]. Impact on Company Performance - The contract is expected to positively influence the company's revenue and profit over the next 3-4 years, although it will not significantly impact the current year's financials [12][20]. Guarantee Situation - In August 2025, the company and its subsidiaries executed 34 guarantees totaling approximately 2.78 million yuan, all of which were credit guarantees [23][26]. - The total guarantee balance as of August 31, 2025, was approximately 45.49 billion yuan, representing 171.57% of the company's audited net assets as of December 31, 2024 [24][26].

中国石油天然气股份有限公司关于公司董事兼总裁离任的公告 中国石油天然气股份有限公司于2025年9月19日收到董事兼总裁黄永章的辞呈，因其工作变动原因，辞 去公司董事、总裁、投资与发展委员会委员、可持续发展委员会主任委员职务，离任后不再担任公司及 控股子公司任何职务。其原定任期至2026年6月。本次离任不会导致董事会成员低于法定人数，不影响 董事会正常运作，辞任当日生效。公司将按程序尽快完成补选工作。黄永章确认不存在未履行完毕的公 开承诺，与董事会和公司无不同意见，已完成工作交接。董事会对其在任职期间为公司经营业绩稳健增 长和高质量发展所作的重要贡献表示诚挚感谢。 截至2025年9月19日收盘，中国石油(601857)报收于8.15元，下跌0.73%，换手率0.08%，成交量123.19万 手，成交额10.07亿元。 9月19日主力资金净流出4674.99万元，占总成交额4.64%；游资资金净流入3251.61万元，占总成交额 3.23%；散户资金净流入1423.38万元，占总成交额1.41%。 公司公告汇总 当日关注点 交易信息汇总资金流向 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31010 ...

Group 1 - Guanzhong Ecological is planning a change in control and will suspend trading from September 22, 2025, for up to two trading days [1] - Sunflower intends to acquire 100% equity of Xipu Materials and 40% equity of Beid Pharmaceutical, with trading resuming on September 22, 2025 [1] - Jintou City Development is adjusting its major asset restructuring plan [1] - Zhongke Tongda has terminated its major asset restructuring project [1] Group 2 - Huitian Co., Ltd. and other companies are planning to list in Hong Kong [2] - Taotao Automotive has approved its application for an initial public offering of H shares in Hong Kong [2] - Longxun Co., Ltd. is also planning to issue H shares and apply for listing in Hong Kong [2] Group 3 - Four companies will receive risk warnings, including Fudan Fuhua, which will change its stock name to ST Fuhua and be subject to a 5% price limit [3][4] - Juewei Food will also change its stock name to ST Juewei and be subject to a 5% price limit [3] - Chuangyi Information will change its stock name to ST Chuangyi and be subject to a 20% price limit [4] - Sikui will change its stock name to ST Sikui and be subject to a 20% price limit [4] Group 4 - Multiple companies are undergoing executive personnel changes, including China Petroleum, where Huang Yongzhang has resigned as president [6] - Huashan City A has seen the resignation of its chairman and vice chairman due to retirement and job changes [6] - China Ruilin's chairman has resigned due to age reasons [6] Group 5 - Sunflower is planning a major asset restructuring involving the acquisition of Xipu Materials and Beid Pharmaceutical, focusing on high-end semiconductor materials [9] - Jintou City Development is adjusting its major asset restructuring plan to sell real estate assets while retaining property management [10] - Zhongke Tongda has terminated its planned acquisition of a technology company due to failure to reach agreement on key terms [11] Group 6 - ST King Kong has been accepted for reorganization by the court, and its stock will be subject to additional delisting risk warnings [12] - ST New Power is under investigation by the China Securities Regulatory Commission for information disclosure violations [14] - Zhenlei Technology's chairman is under detention but the company states that control has not changed [14] Group 7 - Guotai Environmental has had its chairman's detention lifted, allowing him to resume duties [15] - Pingming Technology is planning a major matter that may lead to a change in control, resulting in continued suspension of trading [15] Group 8 - Shunhao Co., Ltd. plans to repurchase shares with a total amount between 100 million and 200 million yuan [16] - Baoli International is considering an investment in semiconductor testing equipment company Hongtai Technology [16] - Jindi Co., Ltd. is acquiring control of Guangzhou Yuni Precision Co., Ltd. [17] Group 9 - SF Holding reported a revenue of 24.787 billion yuan in August 2025, a year-on-year increase of 7.86% [18] - China Oil Engineering signed an EPC contract worth 513 million USD for a gas pipeline project in the UAE [18] - Linyang Energy is a recommended candidate for a procurement project with a total expected amount of approximately 142 million yuan [19] Group 10 - Wuzhou Transportation's major shareholder plans to increase its stake with a loan commitment of up to 153 million yuan [21] - Shanxi Fenjiu's shareholder plans to reduce its stake by up to 16.2006 million shares [21][22]

Investment Rating - The report maintains a "Positive" investment rating for the oil processing industry [1]. Core Insights - International oil prices experienced slight declines due to increased diesel inventories and upward adjustments in supply surplus pressure by organizations like IEA and EIA, despite favorable conditions such as crude oil inventory reductions and interest rate cuts [2][9]. - As of September 19, 2025, Brent and WTI crude oil prices were recorded at $66.04 and $62.40 per barrel, reflecting a decrease of 1.42% and 0.46% respectively from the previous week [2][28]. - The oil and petrochemical sector saw a decline of 1.99% in the week ending September 19, 2025, while the broader Shanghai and Shenzhen 300 index fell by 0.44% [10][13]. Summary by Sections Oil Price Review - Brent crude futures settled at $66.04 per barrel, down $0.95 (-1.42%), while WTI crude futures settled at $62.40 per barrel, down $0.29 (-0.46%) [2][28]. Offshore Drilling Services - The number of global offshore self-elevating drilling platforms was 372, a decrease of 2 from the previous week, while floating drilling platforms increased by 1 to 131 [32]. U.S. Crude Oil Supply - U.S. crude oil production was reported at 13.482 million barrels per day, a decrease of 13,000 barrels from the previous week [55]. U.S. Crude Oil Demand - U.S. refinery crude oil processing averaged 16.424 million barrels per day, down 394,000 barrels from the previous week, with a refinery utilization rate of 93.30%, a decrease of 1.6 percentage points [64][66]. U.S. Crude Oil Inventory - Total U.S. crude oil inventories stood at 821 million barrels, a decrease of 8.781 million barrels (-1.06%) from the previous week [75]. Finished Oil Products - In North America, the average weekly prices for diesel, gasoline, and jet fuel were $98.27, $84.52, and $87.49 per barrel respectively, with respective price differences from crude oil of $30.72, $16.97, and $19.93 [97].