Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) announced a share buyback plan, indicating confidence in the company's future performance and potential for value creation [1] Group 1: Share Buyback Details - On May 14, 2025, Sinopec Group, through its wholly-owned subsidiary, increased its stake in the company by acquiring 302 million H-shares, representing approximately 0.25% of the total issued shares [1] - The total amount spent on this acquisition was HKD 1.232 billion [1] - Following this transaction, Sinopec Group now holds a total of 1.345 billion H-shares in the company [1] Group 2: Future Plans - Sinopec Group and its concerted parties plan to continue increasing their shareholding in the company according to their buyback strategy [1]

摘要：【图】2025年3月北京市汽油产量数据分析 2025年3月汽油产量统计： 汽油产量：17.1 万吨 同比增长：-6.0% 增速较上一年同期变化：高0.7个百分点 据统计，2025年3月北京市规模以上工业企业汽油产量与上年同期相比下降了6.0%，达17.1万吨，增速 较上一年同期高0.7个百分点，增速较同期全国高0.1个百分点，约占同期全国规模以上企业汽油产量 1322万吨的比重为1.3%。 详见下图： 注：主要能源产品产量月度统计范围为规模以上工业法人单位，即年主营业务收入2000万元及以上的工 业企业。 产业调研网为您提供更多 汽油产量：49.2 万吨 同比增长：-6.4% 增速较上一年同期变化：低1.4个百分点 据统计，2025年1－3月，北京市规模以上工业企业汽油产量与上年同期相比下降了6.4%，达49.2万吨， 增速较上一年同期低1.4个百分点，增速较同期全国低1.3个百分点，约占同期全国规模以上企业汽油产 量3905.3万吨的比重为1.3%。详见下图： 图2：北京市汽油产量分月（累计值）统计图 图1：北京市汽油产量分月（当月值）统计图 2025年1-3月汽油产量统计： 石油化工行业最新动态 石 ...

Core Insights - In March 2025, the liquefied petroleum gas (LPG) production in Jilin Province reached 10,000 tons, marking a year-on-year increase of 22.1% and a significant acceleration of 65.5 percentage points compared to the same month last year [1] - For the first quarter of 2025, the total LPG production in Jilin Province was 25,000 tons, which represents a decline of 24.6% year-on-year, with a decrease of 10.0 percentage points compared to the previous year [2] Summary by Category Monthly Production Data - March 2025 LPG production in Jilin Province was 10,000 tons, with a year-on-year growth of 22.1% [1] - The growth rate in March 2025 was 65.5 percentage points higher than the same month in the previous year [1] - Jilin's LPG production accounted for 0.2% of the national LPG production of 4,515,000 tons during the same period [1] Quarterly Production Data - From January to March 2025, Jilin Province's LPG production totaled 25,000 tons, reflecting a year-on-year decrease of 24.6% [2] - The decline in production for the first quarter was 10.0 percentage points lower than the same period last year [2] - Jilin's LPG production represented 0.2% of the national total of 13,570,000 tons for the same quarter [2] Statistical Notes - The production statistics pertain to large-scale industrial enterprises, defined as those with annual main business revenues of 20 million yuan or more [3]

近日，甘肃省委副书记、省长任振鹤在全省石油化工产业延链补链强链推进会上说—— 甘肃是全国重要的老工业基地，也是最早的石油化工基地。"一五"时期，国家在全国布局的156项重大 项目中，甘肃有16项，其中涉及石油化工的就有兰州炼油厂等5项。经过多年发展，全省形成了以石油 化工、有色冶金、装备制造等特色优势产业为主的工业体系。石油化工产业作为全省经济发展的"第一 支柱"，占全省工业比重稳定在三分之一，发挥着"顶梁柱"和"压舱石"的作用。 在转型升级、固强补弱中实现华丽蝶变 事实证明，传统产业不是"包袱"，而是"宝贝"。只要持续通过"减油增化""减油增特""减碳增绿"等转型 升级的"加持"，石油化工产业就能焕发新的生机活力。当前石油化工产业正在经历深度调整的阵痛期， 仍然有诸多的短板和问题亟待解决。要解决好这些问题，关键就是要紧扣一个"链"字，推动理念塑新、 产业焕新、技术创新、企业出新、动能更新，促进石油化工产业走上更系统、更高效、更优质的发展之 路。 一要"一体化"强链。当前，石油化工产业发展的风向标就是"炼化一体化"，通过将炼油与化工生产进行 系统整合，有序推进"减油增化"，延长石油化工产业链，实现规模效益"双 ...

Company Overview - Huajin Co., Ltd. closed at 5.33 yuan, down 1.11%, with a latest price-to-book ratio of 0.76 and a total market capitalization of 8.525 billion yuan [1] - As of April 20, 2025, the number of shareholders is 44,518, a decrease of 1,725 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Business Operations - The main business of Northern Huajin Chemical Industry Co., Ltd. includes the production and sales of petrochemicals and chemical fertilizers [1] - Key products include urea, liquid ammonia, crude oil processing and petroleum products, polyolefins, aromatics, ABS products and by-products, butadiene, ethylene oxide, ethylene glycol products, and plastic products [1] Financial Performance - In the latest quarterly report for Q1 2025, the company achieved operating revenue of 9.161 billion yuan, a year-on-year decrease of 3.05% [1] - The net profit for the same period was -341,980,116.73 yuan, representing a year-on-year decline of 31.76%, with a sales gross margin of 11.78% [1] Industry Comparison - The company's PE (TTM) is -3.23, and the PE (static) is -3.05, with a market capitalization of 8.525 billion yuan [2] - The industry average PE (TTM) is 12.88, and the industry median is 26.34, indicating that Huajin Co., Ltd. is significantly below industry averages in terms of valuation metrics [2]

摘要：【图】2025年3月甘肃省燃料油产量数据分析 2025年3月燃料油产量统计： 燃料油产量：1.4 万吨 同比增长：65.5% 增速较上一年同期变化：低74.8个百分点 2025年1-3月燃料油产量统计： 燃料油产量：3.8 万吨 同比增长：62.9% 增速较上一年同期变化：低57.6个百分点 据统计，2025年1－3月，甘肃省规模以上工业企业燃料油产量与上年同期相比增长了62.9%，达3.8万 吨，增速较上一年同期低57.6个百分点，增速放缓，增速较同期全国高72.7个百分点，约占同期全国规 模以上企业燃料油产量1084万吨的比重为0.4%。详见下图： 据统计，2025年3月甘肃省规模以上工业企业燃料油产量与上年同期相比增长了65.5%，达1.4万吨，增 速较上一年同期低74.8个百分点，增速放缓，增速较同期全国高67.2个百分点，约占同期全国规模以上 企业燃料油产量390.4万吨的比重为0.4%。 详见下图： 图1：甘肃省燃料油产量分月（当月值）统计图 石油化工行业最新动态 石油市场调研及发展趋势 化工行业监测及发展趋势 日化未来发展趋势预测 润滑油现状及发展前景 汽油发展前景趋势分析 柴油的现状和发 ...

Core Insights - AI technology is becoming a crucial force for enhancing efficiency, quality, and core competitiveness in the industrial sector, particularly in the petrochemical industry, which needs to transition towards a new generation of intelligent manufacturing driven by digitalization and AI [1][2] Group 1: Industry Challenges and Opportunities - The petrochemical industry faces significant external pressures and must leverage digital transformation to overcome bottlenecks, aiming for a "curve overtaking" strategy under safe and reliable conditions [1] - Key challenges in implementing AI in the petrochemical sector include limited data sample sizes, high technical barriers, low replicability of solutions, and a shortage of cross-disciplinary talent [2][3] Group 2: Technological Innovations - Zhongkong Technology has developed a matrix of 15 cutting-edge technologies, including AI-driven catalyst core process research and predictive maintenance technologies, significantly enhancing the intelligence level in industries like petrochemicals and power generation [4] - The introduction of the TPT time series model has shown to reduce software investment by 50%-80%, decrease labor costs by 30%-50%, and improve revenue by 1%-3%, demonstrating its effectiveness in optimizing complex processes [4] Group 3: New Business Models - Zhongkong Technology has proposed a new enterprise intelligent operation architecture called "1+2+N," integrating various models to create a closed loop covering the entire supply chain [5][6] - Innovative business models such as subscription-based services and online marketplaces are being introduced to lower entry barriers for companies, facilitating the ecological implementation of industrial AI [6] Group 4: Future Outlook - The industry is transitioning from a "tool revolution" to a "cognitive revolution," with AI expected to take on a larger share of work, thereby freeing human labor and enhancing future competitiveness [6]

行业 沥青日报 日期 2024 年 5 月 14 日 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 研究员：李金（甲醇） 021-60635730 lijin@ccb.ccbfutures.com 期货从业资格号：F3015157 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 能源化工研究团队 研究员：李捷,CFA（原油沥青） 研究员：任俊弛（PTA、MEG） 研究员：彭浩洲（碳市场工业硅） 研究员 ...

请阅读正文后的声明 每日报告 一、行情回顾与操作建议 | 表1： | | 行情回顾(美元/桶) | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | SC：元/桶 | | 开盘 | 收盘 | 最高 | 最低 | 涨跌幅% | 成交量（万手） | | WTI | 主力 | 60.97 | 61.53 | 63.13 | 60.56 | 1.57 | 22.33 | | Brent | 主力 | 64.05 | 64.99 | 66.40 | 63.88 | 1.69 | 41.80 | | SC | 主力（元/桶） | 489.3 | 479.5 | 489.9 | 477.1 | 1.08 | 7.7 | 行业 原油日报 日期 2025 年 5 月 14 日 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 028-8663 0631 penghaozhou@c ...

中化新网讯 近日，我国首套多环芳烃轻质化工业试验装置完成技术标定，多环芳烃转化率突破50%、 目标产品选择性达85%，超越项目预期指标。这标志着中国石油在高端炼化技术领域再下一城，为破解 芳烃产业链"劣质芳烃"处理难题找到有效路径。 据该公司副总工程师、研究院院长李振忠介绍，辽阳石化将继续遵循 "技术迭代、链式突破"路线图设 计，持续推进高质量完成芳烃全碳链灵活转化成套工艺包开发，并着手攻关新一代异构化技术，推动链 式跃升，在成套技术中灵活转化。 近年来，国内对二甲苯(PX)产能井喷式增长，行业利润率持续走低，传统芳烃产业链遭遇"增产不增 效"的困局。面对每年超百万吨的碳11和重质芳烃资源仅能作为低价燃料油的行业痛点，辽阳石化研究 院经过4年攻关，开发出"芳烃全碳链高附加值转化"成套技术。其中，多环芳烃转化技术通过引入甲苯 实现烷基转移，让碳11和重芳烃在催化剂作用下实现分子重构。 辽阳石化创新开发了复合分子筛多级孔体系，使LYPAT-1催化剂兼具烷基转移、加氢裂化和抗结焦能 力，犹如在分子尺度建造"立体交通网"，让不同碳数的芳烃分子各行其道。"传统催化剂就像'挑食的孩 子'，只能处理特定组分。"辽阳石化研究 ...