以政治引领把舵定向，筑牢绿色发展思想根基。石化企业要深入学习贯彻习近平生态文明思想，并将其 作为谋划推动"十五五"绿色转型的根本遵循之一；要完善党委决策嵌入机制，将"生态优先、绿色发 展"理念深度融入战略规划制订、重大项目论证、投资方向选择全过程，确保转型实践始终锚定正确航 向；要通过常态化思想对标与政策研读，引导党员干部深刻认识绿色转型的政治意义与时代价值，凝聚 思想同心、目标同向、行动同步的攻坚合力。 生态文明建设是关系中华民族永续发展的根本大计。石油和化工企业要将党的政治优势、组织优势转化 为可持续高质量发展的制胜优势，通过构建把舵领航、夯基垒台、聚力攻坚的"三位一体"工作格局，为 绿色转型、低碳发展提供坚强的政治保障。 以监督护航聚力攻坚，构建全域协同保障网络。石化企业要坚持将严实监督贯穿绿色转型全过程，为高 质量发展筑牢纪律屏障；要强化纪律监督刚性约束，把生态环保责任落实纳入政治监督重点，建立重大 项目环保合规性"穿透式"自查机制，对规划执行、技术路线、资金使用等关键环节开展动态扫描，确保 转型实践始终在政策法规框架内规范运行；要深化效能监督闭环管控，针对能效提升、减排进度等核心 指标定期调度，聚焦 ...

Group 1 - The report maintains a positive outlook for the short term, indicating that it is not yet time for high-low switching, while mid-term expectations are for a physical re-inflation bull market [3][10][14] - The report emphasizes the importance of technology innovation, highlighting that the technology sector is expected to continue its growth, particularly in industries with clear growth expectations such as pharmaceuticals (innovative drugs), electronics (PCB), and communications (optical modules) [6][54] - The report notes a shift in market dynamics, with large-cap stocks outperforming small-cap stocks, driven by factors such as superior earnings under inflation, resilience in return on equity (ROE), and the expansion of ETFs favoring large-cap styles [12][34][35] Group 2 - The report discusses the "barbell strategy," which is suitable for low-price environments, indicating that as inflation expectations rise, the demand for the reverse barbell strategy will increase [4][19] - The report highlights the performance of the technology bull market and the return of leading blue-chip stocks, noting that since June 25, there has been a reversal in style within the technology sector, with large-cap stocks gaining significant traction [5][33][36] - The report identifies key industries to focus on in the mid-term, particularly those experiencing supply constraints and price increases due to the ongoing "anti-involution" policies, including industrial metals, small metals, steel, petrochemicals, and construction materials [6][56]

Core Viewpoint - A new round of growth stabilization plans for ten key industries has been launched, focusing on maintaining reasonable growth rates and improving efficiency and structure in the context of changing external environments and internal economic adjustments [1][2]. Group 1: Reasons for Launching the Growth Stabilization Plans - The previous growth stabilization plan was initiated when the industrial added value growth rate was only 3.8%, amidst pressures from domestic demand contraction, supply shocks, and weakened expectations [2]. - Currently, the industrial economy is showing a positive trend, with a 6.4% year-on-year growth in industrial added value in the first half of the year, but challenges remain due to external complexities and structural contradictions [2][4]. - The new plans aim to enhance the quality of supply, optimize the development environment, and achieve both qualitative and reasonable quantitative growth in key industries [2][6]. Group 2: Key Industries Identified - The ten key industries targeted in the growth stabilization plans include steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, power equipment, light industry, and electronic information manufacturing [3][4]. - These industries collectively account for approximately 70% of the industrial output above designated size, indicating their critical role in stabilizing the industrial and national economy [4]. Group 3: Policy Focus Areas - The plans emphasize stimulating innovation by addressing both supply and demand sides, including enhancing technological innovation, quality standards, and promoting digital, intelligent, and green transformations [6][8]. - Artificial intelligence is highlighted as a key driver for innovation across the entire industrial chain, with specific initiatives in electronic information manufacturing and power equipment sectors [7][8]. - The plans also propose measures to upgrade traditional consumption, expand new consumption scenarios, and promote new business models [8][9]. Group 4: Opportunities for Enterprises - The plans provide tailored strategies for each segment of the industrial chain, signaling a shift from price competition to competition based on technology, quality, and brand [10]. - Specific innovation targets are outlined, such as developing high-performance lightweight XR devices and supporting key product innovation projects in new energy and smart grid equipment [10]. - Support measures for enterprises include tax incentives, platform construction for testing, and encouragement for small and medium enterprises to focus on differentiated development [10][11].

Core Viewpoint - A new round of growth stabilization plans for ten key industries has been launched, focusing on maintaining reasonable growth rates and improving efficiency and structure in the context of changing external environments and internal economic adjustments [1][2]. Group 1: Reasons for Launching the Growth Stabilization Plans - In 2023, the industrial added value growth rate was only 3.8%, necessitating measures to stabilize the industrial base amid domestic demand contraction and supply shocks [2]. - Currently, the industrial economy is showing a positive trend, with a 6.4% year-on-year growth in industrial added value in the first half of the year, but challenges remain due to external uncertainties and structural contradictions [2]. - The plans aim to enhance the quality of supply, optimize the development environment, and promote both qualitative and quantitative improvements in the industry [2]. Group 2: Key Industries Identified - The ten key industries targeted for growth stabilization include steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, electrical equipment, light industry, and electronic information manufacturing, which collectively account for about 70% of the industrial economy [3][4]. Group 3: Policy Focus Areas - The plans emphasize innovation and transformation on both the supply and demand sides, including strengthening technological innovation, quality standards, and promoting digital and green transformations [6]. - Artificial intelligence is highlighted as a crucial element in the plans, driving innovation across the entire industry chain from chips to smart terminals [7][8]. Group 4: Opportunities for Enterprises - The plans signal a shift from price competition to competition based on technology, quality, and brand, encouraging enterprises to focus on high-value-added products [10]. - Specific measures include tax incentives, support for key product innovation projects, and encouragement for small and specialized enterprises to develop differentiated products [10]. - The plans also emphasize the role of major projects in driving investment and consumption, which is vital for stabilizing and improving the quality of key industries [9]. Group 5: Future Potential - As the growth stabilization plans are implemented, the development potential of these key industries is expected to be continuously released [11].

Core Viewpoint - A new round of key industry growth stabilization plans has been launched, focusing on ten major industries to support economic stability and growth amid changing external environments and internal economic adjustments [1][2]. Group 1: Key Industries - The ten key industries targeted for growth stabilization include steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, power equipment, light industry, and electronic information manufacturing [3][4]. - These industries collectively account for approximately 70% of the industrial output above a designated scale, indicating their critical role in stabilizing the industrial and national economy [4]. Group 2: Economic Context - In 2023, the industrial added value growth rate was only 3.8%, necessitating measures to stabilize the industrial base and maintain reasonable growth rates to support the overall economy [2]. - By the first half of the year, the industrial added value had increased by 6.4% year-on-year, reflecting a positive trend despite ongoing external uncertainties and structural challenges [2]. Group 3: Policy Focus - The stabilization plans emphasize enhancing supply capabilities, optimizing industry development environments, and promoting qualitative improvements and reasonable growth in key industries [2][6]. - Specific measures include strengthening technological innovation, improving quality standards, and facilitating digital, intelligent, and green transformations within industries [6]. Group 4: Role of New Technologies - Artificial intelligence is highlighted as a crucial element in the stabilization plans, driving innovation across the entire industrial chain from chips to smart terminals [7]. - The plans also focus on promoting major engineering projects to stimulate investment and consumption, which are vital for improving quality within key industries [7]. Group 5: Opportunities for Enterprises - The plans provide tailored strategies for each segment of the industry chain, encouraging a shift from price competition to competition based on technology, quality, and brand [9]. - Support measures for enterprises include tax incentives, platform construction for testing innovations, and encouragement for small and medium enterprises to focus on niche markets [9]. Group 6: Future Potential - As the growth stabilization plans are implemented, the development potential of these key industries is expected to be continuously released, contributing to overall economic stability [10].

Core Viewpoint - A new round of growth stabilization plans for ten key industries has been launched, focusing on maintaining reasonable growth rates and improving efficiency and structure in the context of changing external environments and internal economic adjustments [1][2]. Group 1: Reasons for Launching the New Plans - The previous growth stabilization plan was initiated when the industrial added value growth rate was only 3.8%, amidst pressures from domestic demand contraction, supply shocks, and weakened expectations [2]. - Currently, the industrial economy is showing a positive trend, with a 6.4% year-on-year growth in industrial added value in the first half of the year, but challenges remain due to external complexities and structural contradictions [2][4]. - The new plans aim to enhance the quality of supply, optimize the development environment, and achieve both qualitative and reasonable quantitative growth in key industries [2][6]. Group 2: Key Industries Identified - The ten key industries targeted in the growth stabilization plans include steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, electric equipment, light industry, and electronic information manufacturing [3][4]. - These industries collectively account for approximately 70% of the industrial output above designated size, indicating their critical role in stabilizing the industrial and national economy [4]. Group 3: Policy Focus Areas - The plans emphasize stimulating innovation by addressing both supply and demand sides, including enhancing technological innovation, quality standards, and promoting digital, intelligent, and green transformations [6][10]. - Artificial intelligence is highlighted as a key driver for innovation across the entire industrial chain, with specific initiatives in electronic information manufacturing and electric equipment sectors [7][8]. - The plans also propose measures to upgrade traditional consumption, expand new consumption scenarios, and promote new business models [10]. Group 4: Opportunities for Enterprises - The plans signal a shift from irrational competition to a focus on technology, quality, and brand, encouraging enterprises to develop high-value-added products [10]. - Specific guidance is provided for technological and industrial innovation, including the development of new terminal devices and support for key product innovation projects in renewable energy and smart grid equipment [10]. - Support measures for enterprises include tax incentives, platform construction for testing, and encouragement for small and specialized enterprises to focus on differentiated development [10][11].

自2023年以来，国网盘锦供电公司依托"电e金服"平台为辽宁锦城石化有限公司提供电费金融服务，锦 城石化有限公司通过该产品累计缴纳电费金额达41.55亿元。近日，国网盘锦供电公司再次携手广发银 行成功为锦城石化有限公司下属子公司发放绿色信贷合计25亿元，同比去年降低企业融资成本约600万 元。上述业务的服务与达成，标志着双方在产融协同与绿色金融的合作领域迈出了坚实步伐，也在辽宁 省盘锦市绿色低碳转型中树立了模范。 创新融资模式，破解企业融资难题 面对石化类企业及地方高耗能企业在绿色转型过程中普遍面临的融资难、融资贵问题，国网盘锦供电公 司主动作为，依托国家电网公司自主创建的"电e金服"平台，创新推出"碳评+金融"等服务产品，为企业 提供低成本、高效率的融资产品。此次与广发银行的合作，正是基于"电e金服"平台的优势，通过精准 对接企业融资需求，有效降低了企业的融资成本和时间成本，为企业的绿色转型提供了强有力的资金支 持。 践行绿色发展，助力企业节能减排 辽宁锦城石化有限公司作为辽宁省属大型国有企业，积极响应国家"双碳"目标，致力于绿色低碳转型。 国网盘锦供电公司深入了解企业需求，通过大数据分析，为下属石化企业量 ...

Core Viewpoint - The successful operation of the liquid terminal at the Dalian Changxing Island (West Central Island) petrochemical industrial base marks a significant step towards the transition to a hydrogen energy era, enhancing the logistics capabilities for the petrochemical industry in the region [1][2] Group 1: Operational Highlights - The first unloading operation at the liquid terminal was completed on September 10, with 4,887 tons of ethylene successfully transferred to low-temperature ethylene storage tanks [1] - The terminal features a modern energy hub with a design capacity of 139.9 million tons per year, capable of handling various chemical products including ethylene, 1-butene, gasoline, and methanol [1] - The construction of the terminal was completed in just nine months, showcasing the "West Central Island speed" in project execution [1] Group 2: Strategic Importance - The liquid ethylene storage tank serves as a public facility for the petrochemical enterprises in the base, providing essential storage and logistics services [2] - The development group is planning to initiate the construction of a public tank area with a total capacity of 540,000 cubic meters by the end of the year, covering nine types of products including methanol and liquid ammonia [2] - By 2027, the West Central Island aims to establish a hydrogen energy industrial cluster worth 100 billion, positioning itself as the first full industrial chain hydrogen energy demonstration base in northern China [2]

该装置采用国际先进的UNIPOL气相流化床聚乙烯生产工艺，凭借生产效率高、产品质量稳定、能耗低 等优势，可满足市场对高品质聚乙烯产品的多元需求。 该项目是在广西石化现有一次原油加工能力为1000万吨/年的炼油基础上新建120万吨/年的乙烯及下游 装置，从而实现炼化一体化转型升级。项目建成投产后，将推动中国石油广西石化由"燃料型"向"化工 产品和有机材料型"转化，实现从以炼油为主的炼化基础产业向"基础+高端"的能源化工材料现代化的转 变，对于填补区域高端化工新材料产业空白，满足西部陆海新通道沿线地区市场需求，打造面向东盟的 万亿级石化产业集群具有重要意义。 填补西南地区高端化工新材料产业空白 中化新网讯 近日，广西石化40万吨/年全密度聚乙烯装置挤压造粒机系统粉料试车一次成功，产出合格 全密度聚乙烯粒料。 ...

Core Viewpoint - The South Korean petrochemical industry, facing severe challenges, is experiencing significant losses among its major companies, prompting government intervention for structural reforms [1][2][3]. Industry Overview - The petrochemical sector is South Korea's fourth-largest export industry, but it is currently in a crisis, with major players like Lotte Chemical, LG Chem, Hanwha Solutions, and Kumho Petrochemical reporting substantial losses in the first half of 2025 [1][2][3]. - The Bank of Korea reported a 7.8% year-on-year decline in sales for the petrochemical industry, marking four consecutive quarters of negative growth since Q3 2024 [1][3]. Financial Performance - The "big four" petrochemical companies in South Korea are projected to incur a total loss of 878.4 billion KRW (approximately 5.1 million RMB) in 2024, with an additional loss of nearly 500 billion KRW in the first half of 2025 [1][3]. - The overall financial outlook for the industry suggests that losses may continue to expand throughout 2025 [1][3]. Structural Challenges - The industry's heavy reliance on imported raw materials has exacerbated cost pressures, with average sales costs rising to 98.6% in 2025, up from 87.6% in 2021 [4]. - The increase in electricity prices, which have risen by over 65% since 2022, has further strained production costs, contributing to the financial difficulties faced by major petrochemical companies [4]. Market Dynamics - Chevron's recent announcement to increase investments in South Korea has raised concerns about foreign control over the country's key industries during a downturn [1][8]. - The South Korean government has identified the petrochemical sector for restructuring, but industry responses have been slow, with many companies hesitant to implement necessary reforms [1][6][7]. Future Outlook - The ongoing crisis in the petrochemical industry is prompting discussions about potential mergers and acquisitions, as companies face existential challenges [6][7]. - There is a growing concern that increased foreign investment could lead to a loss of autonomy for South Korean firms, impacting the overall supply chain and profitability of the domestic manufacturing sector [11].