Recent Events - The State-owned Assets Supervision and Administration Commission approved the restructuring of China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil Group on January 8, 2026, aiming to create an integrated aviation fuel supply chain [1] - The shareholding increase plan by China Petroleum Group is set to continue until April 7, 2026, with approximately 390 million shares of A-shares and H-shares accumulated by November 21, 2025 [1] - FMR LLC increased its H-shares by 21.646 million, raising its holding to 5.02% on February 3, 2026 [1] Financial Performance - For the first three quarters of 2025, the company's operating revenue was CNY 2,113.44 billion, a year-on-year decrease of 10.69%, while the net profit attributable to shareholders was CNY 29.984 billion, down 32.23% year-on-year [2] Market Value Initiatives - On December 24, 2025, Sinopec launched a special action to enhance the market value of its listed company, focusing on optimizing capital layout and strengthening dividends and buybacks to improve long-term value [3] Funding Situation - As of February 12, 2026, H-shares experienced net inflows from Hong Kong Stock Connect, and fluctuations in international oil prices may impact the sector's prosperity [4] - The company’s phenol products have entered the international market, expanding business growth [4]