UB#CP&CCRC2711B

Sinopec Supplies Over 800 Million Cubic Meters of Natural Gas to Northern Markets

Transformation of Petrochemical Industry to Optimization of Existing Capacity

Sinopec and China National Aviation Fuel Group Announce Reorganization, Accelerating Layout in Biofuel and Hydrogen

Sinopec Plans Acquisition of China National Aviation Fuel Group

Sinopec Capital Strategic Investment of 300 Million RMB in Faurecia Hydrogen

China Petrochemical Corporation's Shanghai Petrochemical Plans to Integrate Bailin New Materials

Chen Wei of Sinopec Suspected of Serious Disciplinary Violations and Under Investigation

Sinopec Capital Completes Investment in Beijing Shihua Digital Intelligence Technology Co., Ltd.

Sinopec Fushun Petrochemical's Affiliated Carbon Fiber Company Plans to Increase Capital by 600 Million Yuan

Sinopec Shanghai Petrochemical signs annual storage fee cap framework agreement

Binhai Investment Subsidiary Reaches Capital Increase Agreement with Sinopec Natural Gas

Sinopec Engineering Updates Shareholder Meeting Rules to Meet Regulatory Requirements

Sinopec Engineering to Acquire Huadong Pipeline Design Institute

Sinopec's Stable Growth Through Enhanced Refining Efficiency and Technological Innovation

Sinopec Updates and Approves Annual General Meeting Rules

China Petroleum & Chemical Corporation Repurchased 712,000 Shares

Sinopec Signs TPE Project Contract with Balin New Materials

Sinopec Shanghai Petrochemical signs R&D framework agreement with Sinopec

Sinopec Shanghai Petrochemical Subsidiary Signs New Crude Oil Storage Framework Agreement

Sinopec Corp Repurchased 1.18 Million Shares for HKD 5.1278 Million

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China Petroleum & Chemical Corporation reported sales results for the year 2025 . For the year, the company reported Total Domestic Sales Volume of Refined Oil Products of 177.56 million tonnes against 182.82 million tonnes.

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ChinaAMC CSI Petrochemical Industry ETF

Sinopec Corp.

E Fund CSI Petrochemical Industry ETF

China Petroleum & Chemical Corporation Reports Sales Results for the Year 2025

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Sinopec Corp. reported a slight increase in its 2025 crude oil production, reaching 39.70 million tonnes, up 0.20% from the previous year. Natural gas production also rose to 41.253 bcm, a 4.02% increase. The company cautioned investors that these figures are based on preliminary data and will be audited in the annual report.

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Sinopec 2025 Crude Oil Production Rises

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China Petroleum & Chemical Corp :SAYS 2025 CRUDE OIL PRODUCTION DOWN 0.8%

Reuters

PETROCHINA

China Petroleum & Chemical's 2025 Crude Oil Production Down 0.8%

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China's naphtha imports are expected to rise in early 2026 as traders prepare for a new consumption tax of 2,105 yuan ($302) per ton, which will increase costs for domestic suppliers. This tax, aimed at closing loopholes and boosting state revenue, is anticipated to pressure margins for petrochemical producers, particularly state-owned refiners. Analysts predict that importers will seek additional naphtha supplies in anticipation of reduced domestic demand due to the tax. CNOOC has already increased its naphtha purchases significantly this January compared to last year.

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China's naphtha imports to rise ahead of tax revamp, traders say

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Crude Prices Push Higher as Iran Risks Remain

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Crude Prices Push Higher as Iran Risks Remain

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The Hang Seng Index closed at 26,585 points, up 97 points or 0.4%; the Hang Seng TECH Index reported 5,746 points, up 62 points or 1.1%. The total market turnover was HKD 250.451 billion. Among the active blue-chip stocks, Alibaba rose 2.2%, Tencent rose 0.2%, and ANTA SPORTS fell 4.2%. Several stocks reached new highs, including Baidu Group, MTR CORPORATION, CLP HOLDINGS, SINOPEC CORP, and CLP HOLDINGS

AASTOCKS

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The Hong Kong Economic Journal reported that the Hang Seng Index closed at 26,585 points, up 97 points; the Hang Seng TECH Index closed at 5,746 points, up 62 points. ANTA SPORTS fell over 4%, while Baidu-SW, MTR CORPORATION, CLP HOLDINGS, SINOPEC CORP, and CLP HOLDINGS reached new highs with active trading

Asia's diesel market remains subdued, with timespreads easing slightly amid ongoing February refiner sales. Traders are monitoring China's expected diesel exports of 250,000-300,000 metric tons and jet fuel exports of 2.1 million tons. Refining margins have increased slightly to around $20 per barrel. Physical cargo activity is thin, with cash differentials stable at premiums of 15 cents per barrel. Indonesia's Pertamina is seeking jet fuel deliveries, while China's crude oil imports from Russia fell 0.7% year-on-year in December, despite reaching a high for 2025.

Asia Distillates-Diesel timespreads ease slightly despite thin trade; Feb refiner sales ongoing

The National Development and Reform Commission announced that starting from midnight tonight, the domestic prices of gasoline and diesel will increase by 85 yuan per ton due to fluctuations in international oil prices. Companies such as PetroChina, Sinopec, and CNOOC must ensure stable production and supply of refined oil, and relevant departments will strengthen market supervision to maintain normal market order

Mainland China will raise the prices of refined oil starting at midnight tonight

On January 15th, after the market closed, Sinopec Corp. (386.HK) attracted significant attention from funds, with a bullish atmosphere continuing to ferment. During the trading session, the stock price gradually climbed, with short-term speculative funds repeatedly pushing it higher, testing previous highs consecutively. The overall capital inflow into the oil and gas sector was significant, with leading stocks being more prominent. Recent fluctuations in international oil prices have provided short-term momentum for energy stocks, and news of Saudi Arabia's voluntary production cuts continues to impact the market, increasing expectations of global supply tightness and enhancing market elasticity. 

On the news front, the market holds positive expectations for state-owned enterprise dividends and central enterprise reforms, with related policies driving funds back into oil-related assets. Sinopec Corp. has attracted defensive funds due to its high dividends and robust fundamentals. From a technical perspective, the stock price is approaching a short-term resistance area, with a strong buying atmosphere; however, the MACD indicator is operating at a relatively high level, and some funds are under pressure to realize profits. Some traders are operating in line with the trend during the day, but signals of high-low switching are beginning to emerge, and some funds have already flowed out in advance. 

It is important to note that if international oil prices experience severe fluctuations or domestic policies are frequently adjusted, the overall volatility of the energy sector may intensify. Currently, the bullish structure has basically remained unchanged, but high-level fluctuations and short-term risks are continuously accumulating, making it more difficult to chase prices. In terms of operational advice, it is essential to closely monitor intraday trading volume and news dynamics; if there is a surge followed by a pullback or an increase in trading volume leading to a decline, vigilance should be raised regarding the main funds adjusting positions at high levels

Technical Forecast

Morning Trend | Sinopec Corp. Approaches Resistance Level, Can Bullish Momentum Continue?

Investment Ratings and Target Prices for Oil Stocks by Citigroup in "Big Banks" (Table)

China Petroleum & Chemical Corporation (Sinopec) has updated its nomination committee charter to enhance board governance. The new framework mandates that independent directors constitute a majority of the committee, with an independent chair appointed by the board. Members will be selected through a defined process and will serve concurrent terms with their directorships. This move aligns with China's Company Law and aims to strengthen oversight and governance procedures. The latest analyst rating for Sinopec's stock (HK:0386) is a Sell, with a price target of HK$4.03.

Tip Ranks

Sinopec Tightens Board Governance With New Nomination Committee Charter

Sinopec has updated its Board Remuneration and Appraisal Committee's terms, enhancing governance over executive pay and incentives. The changes align with Chinese law and corporate governance codes, emphasizing independent directors' roles and defining responsibilities for performance appraisals and remuneration policies. The committee will also oversee stock incentive plans and employee stock ownership arrangements. Currently, analysts rate Sinopec's stock (HK:0386) as a Sell, with a price target of HK$4.03.

Sinopec Tightens Governance Over Executive Pay and Incentive Schemes

Sinopec Shanghai Petrochemical Co. has announced plans to consolidate Baling New Materials, a joint venture with Hunan Petrochemical, into its financial statements. This move will enhance its voting rights and corporate governance, effectively making Baling New Materials a subsidiary. The transaction requires reporting and approval from independent shareholders, with a circular due by February 9, 2026, and a new joint venture agreement by March 31, 2026. The latest analyst rating for Sinopec Shanghai Petrochemical (HK:0338) is a Hold with a price target of HK$1.50.

Sinopec Shanghai Petrochemical to Consolidate Baling New Materials as Subsidiary

CATL

Financial Analysis

Conference Minutes

The following are the Minutes of the 3Q25 earnings call of CATL organized by Dolphin Research. For the earnings interpretation, please refer to &#34;Full Capacity Expansion! Has the King of Ning Finally Made It?&#34; 1. Review of Core Financial Information 2. Detailed Content of the Earnings Call 2.1 Management Statements 1. Domestic Capacity: Jining, Shandong (only Jining base...)

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CATL (Minutes): Demand is strong, profitability does not rely on price increases

UB#CP&CCRC2711B(53188.HK)

China Petroleum & Chemical Corporation Reports Sales Results for the Year 2025

Sinopec 2025 Crude Oil Production Rises

China Petroleum & Chemical's 2025 Crude Oil Production Down 0.8%

China's naphtha imports to rise ahead of tax revamp, traders say

Crude Prices Push Higher as Iran Risks Remain

CATL (Minutes): Demand is strong, profitability does not rely on price increases