智通财经APP讯，中国石油股份(00857)发布公告，周心怀先生及周松先生获选举为非执行董事、宋大勇 先生获选举为执行董事。周心怀先生、周松先生和宋大勇先生的任期即刻生效直至第九届董事会任期届 满为止。 ...

格隆汇12月18日丨中国石油股份(00857.HK)宣布，周心怀及周松获选举为非执行董事、宋大勇获选举为 执行董事。周心怀、周松和宋大勇的任期即刻生效直至第九届董事会任期届满为止。 ...

中国石油股份(00857)发布公告，周心怀先生及周松先生获选举为非执行董事、宋大勇先生获选举为执 行董事。周心怀先生、周松先生和宋大勇先生的任期即刻生效直至第九届董事会任期届满为止。 ...

2025 年 12 月 18 日 估值具备韧性，关注波段节奏 ---2026 年甲醇期货行情展望 | 黄天圆 | 投资咨询从业资格号：Z0018016 | huangtianyuan@gtht.com | | --- | --- | --- | | 杨鈜汉 | 投资咨询从业资格号：Z0021541 | yanghonghan@gtht.com | 报告导读： 展望 2026 年，甲醇市场预计将以高产量、高库存、低利润为起点，整体价格中枢在成本支撑与供需博弈中震荡，上 半年基本面可能阶段性强于下半年。 成本支撑与利润挤压并存。预计 2026 年国内煤炭供需格局仍有韧性，价格中枢稳定，这将为甲醇提供成本支撑。 国 泰 君 安 期 货 研 供应增速放缓，进口仍是关键。国内产能虽维持增长，但增速下降，且存量产能利用率已处高位，预计 2026 年国内 产量增速将显著下滑。供应端的核心变量依然是进口。上半年，受伊朗季节性限气影响，进口量环比预计下降，对港口库 存形成一定减压。但同比看，因 2025 年底伊朗装置停车晚于往年，且非伊货源（如马来西亚、委内瑞拉）供应充足，上 半年进口总量可能仍高于 2025 年同期。下半年， ...

中国石油天然气股份有限公司 章 程 目 录 | 第一章 | 总 | 则………………………………………………（1） | | | --- | --- | --- | --- | | 第二章 | | 经营宗旨和范围……………………………………（5） | | | 第三章 | 股 | 份………………………………………………（8） | | | 第四章 | 股 | 东…………………………………………… | （16） | | 第五章 | | 股东会…………………………………………… | （24） | | 第六章 | | 类别股东表决的特别程序……………………… | （44） | | 第七章 | | 董事和董事会…………………………………… | （49） | | 第八章 | | 高级管理人员…………………………………… | （71） | | 第九章 | | 财务会计制度与利润分配……………………… | （75） | | 第十章 | | 内部审计………………………………………… | （80） | | 第十一章 | | 会计师事务所的聘任………………………… | （82） | | 第十二章 | | 劳动人事制度………………………… ...

中国石油天然气股份有限公司 股东会议事规则 第一章 总 则 第一条 为规范中国石油天然气股份有限公司（简称公司） 行为，保证股东会依法行使职权，根据《中华人民共和国公司法》 （简称《公司法》）、《中华人民共和国证券法》（简称《证券 法》）、《上市公司章程指引》《上市公司股东会规则》等法律、 行政法规、公司股份上市地证券监管规则以及《中国石油天然气 股份有限公司章程》（简称《公司章程》）的规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用 本规则。 第三条 公司应当严格按照法律、行政法规、公司股份上市 地证券监管规则、《公司章程》及本规则的相关规定召开股东会， 保证股东能够依法行使权利。 第四条 股东会应当在法律、行政法规、公司股份上市地证 券监管规则和《公司章程》规定的范围内，按照本规则行使职权。 第二章 股东会的职权 — 1 — 第五条 股东会行使下列职权： （一）选举和更换董事，决定有关董事的报酬事项； （二）审议批准董事会的报告； （三）审议批准公司的年度财务报告； （四）审议批准公司的利润分配方案和弥补亏损方案； （五）对公司增加或者减少注册资本作出决议； （六）对公司合并、分立 ...

— 1 — 第一章 总 则 第一条 为规范中国石油天然气股份有限公司（简称公 司）董事会的议事方式和决策程序，促进董事会和董事有效 履行职责，提高董事会规范运作和科学决策水平，根据《中 华人民共和国公司法》（简称《公司法》）、《上市公司治 理准则》和《上市公司章程指引》等法律、行政法规、公司 股份上市地证券监管规则以及《中国石油天然气股份有限公 司章程》（简称《公司章程》）的规定，结合公司实际情况， 制定本规则。 第二条 公司董事会的召集、提案、通知、召开等事项 适用本规则。 第三条 公司应当严格按照法律、行政法规、公司股份 上市地证券监管规则、《公司章程》及本规则的相关规定召 开董事会，保证董事能够依法行使权利。 第四条 董事会应当在法律、行政法规、公司股份上市 地证券监管规则和《公司章程》规定的范围内，按照本规则 行使职权。 中国石油天然气股份有限公司 董事会议事规则 第二章 董事会的职责 第五条 公司董事会行使下列职权： （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （三）决定公司的经营计划和投资方案； （四）决定公司的年度财务预算方案； （十一）决定聘任或者解聘公司总裁及董事会秘书 ...

Group 1: Investment Rating - No investment rating for the industry is provided in the report. Group 2: Core Viewpoints - The short - fiber futures price in 2026 is expected to be weak first and then strong in the first half of the year, and may decline again due to supply pressure resonance in the second half or Q4. The inflection point in the first half focuses on the negative feedback of high polyester inventory after the Spring Festival, and the second half focuses on the production resonance of PX and short - fiber segments. [3][77] - The short - fiber market will see an increase in both supply and demand in 2026, but supply growth will be more significant. [77] - When considering the short - fiber - bottle chip spread, it is recommended to evaluate them separately and look for spread opportunities when the supply rhythm coincides with seasonal drivers. [3][78] Group 3: Summary by Directory 1. 2025 Short - fiber Futures Trend Review 1.1 Short - fiber Spot and Futures Price Trend Review - In 2025, short - fiber prices experienced a pattern of volatile decline, a sharp drop due to tariff issues followed by a quick rebound, and then a shift to a volatile and weak trend. Macro and cost factors dominated the market for most of the year, and the short - fiber's fundamentals sometimes echoed macro issues and sometimes just followed the market passively. [6] - The price fluctuations were significantly affected by macro factors, with an increased positive correlation between the commodity and stock markets. The processing fee amplitude narrowed, and the basis and monthly spread mostly maintained a neutral - to - weak oscillation. [9] 1.2 2025 Short - fiber Volatility Performance Review - In 2025, short - fiber volatility increased significantly in the first half due to the repeated US tariff policies, and narrowed in the second half. The volatility remained at a low level since 2021, mainly because of the increased supply elasticity and profit compression caused by the expansion of the industrial chain's mid - and downstream sectors. [13] 2. Cost - end Operation Logic and Viewpoint Summary 2.1 Naphtha: Transition from Shortage to Tight Balance - In 2026, naphtha supply will show a pattern of low in the first half and high in the second half. The Asian naphtha market will be in a tight - balance state in the first half, with a slight de - stocking trend, and may move towards oversupply in the second half. [16] 2.2 PX, PTA: Focus on Supply Fluctuations, PX is Stronger - The unilateral prices of PX and PTA will be weak in the first half and strong in the second half. It is recommended to go long on PXN at low prices, short the PTA - PX spread, and conduct basis and monthly spread positive arbitrage. The potential seasonal negative factor in the first half is the poor domestic clothing and export orders after the Spring Festival, leading to unexpected inventory accumulation. [17][18] 2.3 MEG: Overcapacity, Focus on Unplanned Production Cuts and Cost Bottoming - Ethylene glycol has overcapacity, and unplanned production cuts are needed to reverse the trend of significant inventory increase. The annual consumption of ethylene glycol is estimated to be 2.95 million tons in 2026, while the domestic production capacity will gradually rise to 3.25 million tons. [19][20] 3. 2026 Short - fiber Futures Operation Logic 3.1 Supply Side: Many New Devices, Focus on Fluctuations Caused by Upstream Anti - involution and Industry Self - discipline - In 2026, there are many planned short - fiber devices in China, with production pressure concentrated in the second half of the year. The annual capacity growth rate is expected to be 11% year - on - year. The actual supply rhythm will be neutral in the first half, and the pressure will be fully realized in the second half. [21][31] - Anti - involution and industry self - discipline are expected to be the main variables for seasonal supply - side fluctuations. The non - standard price spread may face downward pressure, which will affect the comprehensive profit of short - fiber factories. [23][27][31] 3.2 Demand Side: Robust Domestic Demand, Strong Export 3.2.1 Domestic Demand: Steady Growth in Total, Limited Drive of New Consumption Directions on Fiber Consumption - The growth trend of investment in textile, clothing, and apparel industries is weakening. The growth rate of the textile, clothing, and home - textile sectors is expected to decline in 2026. The overall growth rate of domestic textile and clothing demand in 2026 is estimated to be around 4% - 5%. [32][46] 3.2.2 Yarn: Regional Differentiation, High Competition Pattern - In the yarn - spinning segment, attention should be paid to the incremental demand from regions such as Xinjiang and Southwest China, as well as the substitution of ring - spinning by air - vortex spinning. The cost advantages of these two factors may intensify the processing fee competition in the main yarn production areas. [47] - Xinjiang's textile industry is in a high - growth cycle, and its textile industry chain is extending from cotton - spinning to blended - spinning and polyester. Enterprises in the East are expected to face continuous competition pressure from low - cost products in Xinjiang. [50][51] 3.2.3 Export: Easing Tariffs, Continuous "Going Global" of Downstream Enterprises, Optimistic Short - fiber Export - The reduction of terminal export tariffs to the US and the stable export chain expectations are beneficial to China's long - term textile and clothing exports. In 2026, the competitiveness of China's textile and clothing exports to the US is expected to increase marginally. [57][58] - The overseas demand in Europe and the US is good, and the import volume provides support. The export of textile machinery has increased significantly, and the direct export demand for polyester has expanded. In 2025, short - fiber exports increased by 29.5% year - on - year, and the export growth rate in 2026 is expected to be around 20%. [60][62][74] 4. Conclusion and Investment Outlook - The short - fiber price in 2026 will be weak first and then strong in the first half, and may decline again in the second half or Q4. The processing fee will be compressed, mainly transferred to the PX segment, and there are opportunities for basis and monthly spread positive arbitrage in the first half. In the second half, pay attention to the production progress of PX and short - fiber segments and the possibility of joint production cuts in the off - season to trade the processing fee spread. [77] - For the short - fiber - bottle chip spread, it is recommended to evaluate them separately in 2026, and look for spread opportunities when the supply rhythm coincides with seasonal drivers. [78]

中國石油天然氣股份有限公司 PETROCHINA COMPANY LIMITED （ 於中華人民共和國註冊成立之股份有限公司 ） (股份代號：857) 獨立非執行董事： 蔣小明 何敬麟 閻焱 劉曉蕾 張玉新 - 1 - 董事名單與其角色和職能 中國石油天然氣股份有限公司董事會（「董事會」）成員載列如下： 董事長：戴厚良 非執行董事： 周心懷 段良偉 周松 謝軍 執行董事： 任立新 張道偉 宋大勇 董事會下設 5 個委員會，下表提供若干董事會成員在這些委員會中所擔任的職位： | | 委員會 | 提名委員會 | 審計委員會 | 投資與發展 | 考核與薪酬 | 可持續發展 | | --- | --- | --- | --- | --- | --- | --- | | 董事 | | | | 委員會 | 委員會 | 委員會 | | 戴厚良 | | C | | | | | | 段良偉 | | | M | | M | | | 謝軍 | | | | M | | | | 任立新 | | | | M | | C | | 張道偉 | | | | | | M | | 蔣小明 | | M | M | | | | | 何敬麟 | | M ...

北京市金杜律师事务所 关于中国石油天然气股份有限公司 2025 年第一次临时股东会 之法律意见书 致：中国石油天然气股份有限公司 北京市金杜律师事务所（以下简称本所）接受中国石油天然气股份有限公司 （以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会 《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳 门特别行政区和中国台湾省）现行有效的法律、行政法规、规章和规范性文件和 现行有效的公司章程有关规定，指派律师出席了公司于 2025 年 12 月 18 日召开的 2025 年第一次临时股东会（以下简称本次股东会），并就本次股东会相关事项出 具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 3. 2025 年 10 月 31 日，公司刊登于上海证券交易所网站（www.sse.com.cn） 的《中国石油天然气股份有限公司第九届董事会第十五次会议决议公告》《中国 石油天然气股份有限公司第九届监 ...