Core Viewpoint - The company has successfully optimized its heavy oil processing workflow, resulting in increased production of high-value specialty products, thereby enhancing economic benefits and refining capabilities [1] Group 1: Production Optimization - The company has implemented measures to optimize the solvent deasphalting and coking units, leading to a production increase of 150BS bright oil and customized coke [1] - The solvent deasphalting unit has improved its processing capacity from 600 tons per day to 1100 tons per day by adjusting the ratio of vacuum residue and solvent [1] - The coking unit has stabilized the production of customized coke products by increasing the blending ratio of semi-asphalt and optimizing the water injection in the heating furnace [1] Group 2: Product Range and Market Position - The solvent deasphalting unit's flagship product, light de-oiling, is used to produce high-value products such as 5 powder special grease and 85A microcrystalline wax, indicating strong profit potential [1] - From January to November, the production of specialized carbon materials, including energy storage coke, reached 100,000 tons, accounting for 67.43% of the total petroleum coke output [1] - The product range includes ordinary coke, energy storage coke, and prebaked anode coke, significantly enhancing market competitiveness [1]

Core Viewpoint - The company is actively enhancing its operational efficiency and product development through rigorous internal reforms and a focus on leadership accountability, which is reflected in the construction of a new high-pressure hydrogenation unit for specialty oils. Group 1: Operational Improvements - The company is constructing a 600,000-ton annual capacity naphthenic specialty oil high-pressure hydrogenation unit, with a key reactor weighing 734 tons being installed [1] - The company has implemented a "WPS Document Center" supervision system to ensure that key tasks are documented, tracked weekly, and executed [1] - The company has adopted a "grid inspection + cross-check" mechanism to eliminate longstanding issues, resulting in a 31% reduction in wastewater discharge and a 90% reduction in oil recovery volume compared to the previous year [1] Group 2: Leadership and Accountability - The company has initiated a comprehensive internal review to address issues of complacency and lack of accountability among some staff, creating a rectification ledger for 14 categories of behavioral issues [1] - The company has regularly exposed typical issues related to work style and issued 48 reports to strengthen work style construction and accelerate transformation [2] - Leadership has taken the initiative to engage directly with frontline operations to manage risks and ensure compliance with environmental protection measures [1]