Core Insights - China Petroleum & Chemical Corporation (Sinopec) has obtained a patent for a "hydrogenation catalyst for maleic anhydride esterification and its preparation method and application," with the authorization announcement number CN118513039B, applied on February 2023 [1] Company Overview - China Petroleum & Chemical Corporation, established in 2000 and located in Beijing, primarily engages in oil and gas extraction, with a registered capital of 12,173,968.9893 million RMB [1] - The company has invested in 269 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and possesses 5,000 patent records, along with 41 administrative licenses [1] Research Institute Overview - Sinopec (Dalian) Petrochemical Research Institute Co., Ltd., established in 2022 and located in Dalian, focuses on professional technical services, with a registered capital of 338,459.08 million RMB [1] - The research institute has invested in 1 enterprise, participated in 3,012 bidding projects, holds 5,000 patent records, and has 65 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to China Petroleum & Chemical Corporation for "an alumina carrier and its preparation method and application," with authorization announcement number CN118831579B, applied on April 2023 [1] - China Petroleum & Chemical Corporation, established in 2000 and located in Beijing, primarily engages in oil and gas extraction, with a registered capital of 12,173,968.9893 million RMB [1] - The company has invested in 269 enterprises, participated in 5,000 bidding projects, holds 45 trademark registrations, and has 5,000 patent records, along with 41 administrative licenses [1] Group 2 - Sinopec (Dalian) Petroleum and Chemical Research Institute Co., Ltd., established in 2022 and located in Dalian, focuses on professional technical services, with a registered capital of 338,459.08 million RMB [1] - This subsidiary has invested in 1 enterprise, participated in 3,012 bidding projects, holds 5,000 patent records, and has 65 administrative licenses [1]

2019年-2025年全年全国石油和天然气开采业累计产能利用率统计图 数据来源：国家统计局 相关报告：智研咨询发布的《2026-2032年中国石油石化行业市场现状调查及投资前景研判报告》 2025年第四季度，全国石油和天然气开采业单季度产能利用率为90.9%，单季度比上年同期下降0.9个百 分点；2025年全年，全国石油和天然气开采业累计产能利用率为91.4%，累计比上年同期下降0个百分 点。 2019Q4-2025Q4全国石油和天然气开采业单季度产能利用率统计图 数据来源：国家统计局 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 国家知识产权局信息显示，中国石油天然气股份有限公司取得一项名为"一种恢复三维古地貌方法"的专 利，授权公告号CN115453613B，申请日期为2021年6月。 天眼查资料显示，中国石油天然气股份有限公司，成立于1999年，位于北京市，是一家以从事石油和天 然气开采业为主的企业。企业注册资本18302097万人民币。通过天眼查大数据分析，中国石油天然气股 份有限公司共对外投资了1298家企业，参与招投标项目443次，财产线索方面有商标信息38条，专利信 息5000条，此外企业还拥有行政许可168个。 ...

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has obtained a patent for a water-based drilling fluid high-dispersion fiber sealing agent, with the patent announcement number CN117625152B, applied for on November 2023 [1] Group 2 - CNPC was established in 1990 and is headquartered in Beijing, primarily engaged in oil and gas extraction, with a registered capital of 48.69 billion RMB [1] - CNPC has invested in 110 companies and participated in 5,000 bidding projects, holding 1,436 trademark records and 5,000 patent records, along with 28 administrative licenses [1] Group 3 - China National Petroleum Corporation Chuanqing Drilling Engineering Company, established in 2008 and located in Chengdu, is also focused on oil and gas extraction, with a registered capital of 1.16 billion RMB [1] - Chuanqing Drilling has invested in 12 companies, participated in 4,275 bidding projects, holds 4,334 patent records, and has 32 administrative licenses [1]

来源：市场资讯 中国石油集团工程技术研究院有限公司，成立于2006年，位于北京市，是一家以从事研究和试验发展为 主的企业。企业注册资本57038.875182万人民币。通过天眼查大数据分析，中国石油集团工程技术研究 院有限公司共对外投资了4家企业，参与招投标项目586次，财产线索方面有商标信息33条，专利信息 2254条，此外企业还拥有行政许可8个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，中国石油天然气集团有限公司取得一项名为"解决高温水泥浆异常胶凝和稠 化时间倒挂的调凝剂及其制备方法"的专利，授权公告号CN117777970B，申请日期为2022年9月。 天眼查资料显示，中国石油天然气集团有限公司，成立于1990年，位于北京市，是一家以从事石油和天 然气开采业为主的企业。企业注册资本48690000万人民币。通过天眼查大数据分析，中国石油天然气集 团有限公司共对外投资了110家企业，参与招投标项目5000次，财产线索方面有商标信息1436条，专利 信息5000条，此外企业还拥有行政许可28个。 ...

Investment Rating - The report provides a stable investment outlook for the chemical industry, with specific segments showing varying degrees of stability and weakening [3]. Core Insights - The report anticipates a turning point in the chemical industry in 2026, driven by the gradual implementation of "anti-involution" policies, although the extent of demand recovery in certain downstream sectors remains uncertain [2][4]. - The chemical industry is expected to shift its growth drivers towards technological innovation and industrial upgrades, while still needing to monitor the recovery of traditional downstream sectors like real estate [4]. - The report highlights that the peak investment period for the chemical industry has passed since 2025, with ongoing pressure from excess capacity in general materials and structural differences in demand [4][5]. - Financial performance among chemical companies has shown significant divergence since 2025, indicating potential risks for companies with weaker credit profiles [4][5]. Summary by Sections Analysis Approach - The analysis focuses on the credit fundamentals of the chemical industry, assessing factors affecting supply-demand dynamics and raw material price fluctuations to infer impacts on corporate performance and financial health [5]. Industry Fundamentals - Since 2025, the domestic economy has maintained a stable growth trajectory, but external demand from developed countries has weakened, posing challenges for the chemical sector [6]. - The report notes that the recovery of traditional downstream demand, particularly in real estate, is crucial for the industry's growth, while new market opportunities will arise from technological advancements [6][9]. Industry Financial Performance - The report analyzes 556 listed companies in the chemical sector, revealing that financial performance varies significantly across different sub-sectors, with some facing greater challenges than others [37].

国家知识产权局信息显示，中国石油化工股份有限公司;中石化（大连）石油化工研究院有限公司取得 一项名为"一种球形氧化铝载体及其制备方法与应用"的专利，授权公告号CN120054447B，申请日期为 2023年11月。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 天眼查资料显示，中国石油化工股份有限公司，成立于2000年，位于北京市，是一家以从事石油和天然 气开采业为主的企业。企业注册资本12173968.9893万人民币。通过天眼查大数据分析，中国石油化工 股份有限公司共对外投资了269家企业，参与招投标项目5000次，财产线索方面有商标信息45条，专利 信息5000条，此外企业还拥有行政许可41个。 中石化（大连）石油化工研究院有限公司，成立于2022年，位于大连市，是一家以从事专业技术服务业 为主的企业。企业注册资本338459.08万人民币。通过天眼查大数据分析，中石化（大连）石油化工研 究院有限公司共对外投资了1家企业，参与招投标项目3012次，专利信息5000条，此外企业还拥有行政 许可65个。 ...

国家知识产权局信息显示，中国石油化工股份有限公司取得一项名为"一种Pt基脱氢催化剂及其制备方 法和应用"的专利，授权公告号CN120054481B，申请日期为2023年11月。 天眼查资料显示，中国石油化工股份有限公司，成立于2000年，位于北京市，是一家以从事石油和天然 气开采业为主的企业。企业注册资本12173968.9893万人民币。通过天眼查大数据分析，中国石油化工 股份有限公司共对外投资了269家企业，参与招投标项目5000次，财产线索方面有商标信息45条，专利 信息5000条，此外企业还拥有行政许可41个。 中石化（大连）石油化工研究院有限公司，成立于2022年，位于大连市，是一家以从事专业技术服务业 为主的企业。企业注册资本338459.08万人民币。通过天眼查大数据分析，中石化（大连）石油化工研 究院有限公司共对外投资了1家企业，参与招投标项目3012次，专利信息5000条，此外企业还拥有行政 许可65个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 ...

Group 1 - The core point of the article is that China National Petroleum Corporation (CNPC) has applied for a patent for a device and method for dynamically measuring corrosion in light hydrocarbons, which aims to accurately predict the corrosion process and extent caused by sulfides in storage tank walls [1]. Group 2 - CNPC was established in 1999 and is primarily engaged in oil and natural gas extraction, with a registered capital of 18,302,097,000 RMB [2]. - The company has invested in 1,298 enterprises and participated in 443 bidding projects, holding 38 trademark records and 5,000 patent records, along with 168 administrative licenses [2].