Core Viewpoint - Southbound funds have increased their holdings in China National Offshore Oil Corporation (CNOOC) by 5.42 million shares on January 16, indicating a positive sentiment towards the company [1] Group 1: Shareholding Changes - In the last 5 trading days, southbound funds have increased their holdings for 4 days, with a total net increase of 29.07 million shares [1] - Over the past 20 trading days, there have been 11 days of net reductions in holdings by southbound funds, totaling a decrease of 12.21 million shares [1] - Currently, southbound funds hold 10.271 billion shares of CNOOC, representing 21.6% of the company's total issued ordinary shares [1] Group 2: Company Overview - CNOOC is primarily engaged in the exploration, development, production, and sales of crude oil and natural gas [1] - The company operates through three segments: exploration and production, trading, and business management [1] - The exploration and production segment focuses on upstream oil operations, including conventional oil and gas, shale oil and gas, oil sands, and other unconventional oil and gas [1]

（来源：中国电力新闻网） 转自：中国电力新闻网 国家发展改革委关于核定跨省成品油管道运输最高准许收入的通知 责任编辑：于彤彤 2026年1月12日 国家发展改革委 根据《国家发展改革委关于完善成品油管道运输价格形成机制的通知》（发改价格〔2024〕1703号）有 关规定，核定首个监管周期国家石油天然气管网集团有限公司跨省成品油管道运输年度平均最高准许收 入为99.02亿元（含9%增值税），自2026年1月1日起算。国家石油天然气管网集团有限公司在不超过最 高准许收入的前提下，按照发改价格〔2024〕1703号文件规定的原则与用户协商确定具体运输价格。 发改价格〔2026〕42号 各省、自治区、直辖市、新疆生产建设兵团发展改革委，国家石油天然气管网集团有限公司： ...

Group 1 - Southbound funds net bought Hong Kong stocks worth 93.5808 million HKD today [1] - Notable net purchases include SMIC at 1.084 billion HKD, Hua Hong Semiconductor at 585 million HKD, Pop Mart at 141 million HKD, and Sanhua Intelligent Control at 129 million HKD [1] - Significant net sales were observed in China Mobile at 1.074 billion HKD, Alibaba Health at 461 million HKD, and CNOOC at 108 million HKD [1] Group 2 - Southbound funds have net bought Tencent for 8 consecutive days, totaling 9.68457 billion HKD [1] - Alibaba has seen net purchases for 5 consecutive days, amounting to 4.42446 billion HKD [1] - China Mobile has experienced net sales for 10 consecutive days, totaling 8.06248 billion HKD [1]

Group 1 - The core viewpoint of the news is that China National Offshore Oil Corporation (CNOOC) has experienced a decline in stock price and significant changes in trading activity, indicating potential market volatility [1][2]. - As of January 16, CNOOC's stock price decreased by 2.03% to 29.43 CNY per share, with a total market capitalization of 1,398.807 billion CNY [1]. - The company has seen a year-to-date stock price decline of 2.49%, but has shown some recovery in the last five days with a 2.40% increase [2]. Group 2 - CNOOC's main business involves the exploration, production, and sales of crude oil and natural gas, with revenue composition being 82.73% from oil and gas sales, 14.96% from trading, and 2.31% from other activities [2]. - As of September 30, CNOOC reported a total revenue of 312.503 billion CNY for the first nine months of 2025, a year-on-year decrease of 4.15%, and a net profit of 101.971 billion CNY, down 12.59% year-on-year [3]. - The company has distributed a total of 255.995 billion CNY in dividends since its A-share listing, with 179.051 billion CNY distributed over the last three years [4].

Group 1 - The core viewpoint of the articles indicates a positive trend in the petrochemical industry, with the China Petrochemical Industry Index rising by 0.8% and significant gains in constituent stocks such as Guangwei Composites and Tongcheng New Materials [1][2] - The Petrochemical ETF (159731) has seen a continuous inflow of funds over the past seven days, totaling 173 million yuan, reaching a new high in size at 431 million yuan [1] - The Petrochemical ETF has recorded a net value increase of 54.60% over the past two years, with the highest single-month return since inception being 15.86% [1] Group 2 - Tianfeng Securities analysis suggests that the chemical industry is entering a new phase of capital expenditure, with construction projects reaching their highest year-on-year growth since Q3 2012 [2] - The chemical industry is expected to experience a supply-demand reversal by 2026, supported by policies aimed at stabilizing growth and reducing internal competition [2] - The top ten weighted stocks in the China Petrochemical Industry Index account for 56.73% of the index, with major companies including Wanhua Chemical and China Petroleum [2]

Core Viewpoint - The oil and gas ETF Huatai Fuhua (159309) opened down by 1.69% at 1.220 yuan, reflecting a mixed performance among its major holdings [1] Group 1: ETF Performance - The performance benchmark for the oil and gas ETF Huatai Fuhua (159309) is the CSI Oil and Gas Resource Index return rate [1] - Since its establishment on May 31, 2024, the fund has achieved a return of 24.34%, with a monthly return of 11.03% [1] Group 2: Major Holdings Performance - Major holdings include: - Jereh Group opened up by 1.04% - China National Offshore Oil Corporation (CNOOC) down by 1.46% - China Petroleum down by 0.70% - China Petrochemical down by 0.34% - China Merchants Energy down by 2.02% - Guanghui Energy unchanged at 0.00% - COSCO Shipping Energy down by 2.03% - China Merchants South Oil down by 0.89% - CNOOC Engineering down by 1.30% - Intercontinental Oil and Gas down by 1.97% [1]

Group 1: Central Enterprises' Responsibilities and Innovations - Central enterprises are urged to recognize their responsibilities and contribute to high-quality economic and social development, improve people's livelihoods, and support the modernization of China [1] - The State-owned Assets Supervision and Administration Commission has selected the top ten national key projects and super-engineering initiatives for central enterprises in 2025 [1] Group 2: China National Petroleum Corporation (CNPC) - CNPC's ethylene project in Dushanzi, Tarim, with a capacity of 1.2 million tons/year, is set to be completed in 2026, featuring over 98% localization of equipment and a green production model [2] - CNPC aims to enhance energy security by accelerating domestic oil and gas exploration and development, and expanding international energy cooperation [2] Group 3: National Petroleum and Natural Gas Pipeline Group - The Sichuan section of the "West-to-East Gas Transmission" project has been completed, increasing gas transmission capacity by approximately 14 billion cubic meters annually [4] - The company plans to implement innovative actions to support the construction of a new energy infrastructure focused on flexible energy conversion and efficient distribution [5] Group 4: China Electronics Corporation - The company aims to develop a complete domestic EDA tool system and high-performance chips by 2026, enhancing the "China Chip" capability [6] - China Electronics will focus on integrating the entire semiconductor industry chain, including design, manufacturing, and supply chain [7] Group 5: China Coal Energy Group - The liquid sunshine demonstration project in Inner Mongolia is expected to be operational in 2026, utilizing renewable energy to produce green hydrogen and methanol [8] - The company emphasizes the importance of technological innovation and aims to optimize its industrial layout towards clean and efficient coal utilization [9] Group 6: China National Building Material Group - The world's first zero-carbon intelligent manufacturing base for fiberglass is expected to be operational in 2026, using 100% green electricity [10] - The company plans to enhance its research and development efforts to support the modernization of the materials industry [11] Group 7: China Railway Rolling Stock Corporation (CRRC) - The CR450 high-speed train, capable of reaching speeds of 400 km/h, will undergo comprehensive testing in 2026, marking a significant advancement in China's high-speed rail technology [12] - CRRC aims to strengthen its innovation capabilities and maintain its leadership in the rail transportation equipment sector [12]

Group 1 - China National Offshore Oil Corporation (CNOOC) has applied for a patent related to a simulation method for fine particle aggregation and migration in porous media, with publication number CN121328250A and application date set for September 2025 [1] - The patent involves a simulation technology that creates a Discrete Element Model (DEM) based on a linear dipole model, fluid in porous media, and multiple coarse and fine particles [1] - The simulation method iteratively calculates porosity, flow rate, and pressure data until certain stopping conditions are met, allowing for the simulation of fine particle aggregation phenomena and migration characteristics [1] Group 2 - CNOOC was established in 1983 and is primarily engaged in oil and gas extraction, with a registered capital of 11,380 million RMB [2] - CNOOC has made investments in 44 companies, participated in 5,000 bidding projects, and holds 280 trademark records and 5,000 patent records [2] - CNOOC Research Institute, founded in 2000, also focuses on oil and gas extraction with a registered capital of 172.707 million RMB, having participated in 855 bidding projects and holding 1,579 patent records [2]

Group 1 - Southbound funds recorded a net sell of HKD 1.515 billion in Hong Kong stocks today [1] - Notable net purchases included Alibaba-W at HKD 1.976 billion, Tencent Holdings at HKD 0.642 billion, and SMIC at HKD 0.18 billion [1] - Significant net sales were observed in China Mobile at HKD 0.791 billion, Xiaomi Group-W at HKD 0.491 billion, and China National Offshore Oil at HKD 0.365 billion [1] Group 2 - Southbound funds have net bought Tencent for seven consecutive days, totaling HKD 9.65029 billion [1] - Alibaba has seen net purchases for four consecutive days, amounting to HKD 4.38486 billion [1] - China Mobile has been net sold for nine consecutive days, with a total of HKD 6.98848 billion [1] Group 3 - In the Shanghai Stock Connect, Alibaba-W experienced a decline of 2.6% with a net purchase of HKD 1.79 billion [3] - Tencent Holdings saw a decrease of 1.7% with a net purchase of HKD 0.663 billion [3] - SMIC had an increase of 1.8% with a net purchase of HKD 0.357 billion [3]

Group 1 - The oil and gas extraction sector increased by 1.36% compared to the previous trading day, with *ST Xinchao leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - The trading volume and turnover for *ST Xinchao were 507,400 shares and 206 million yuan, respectively, with a price increase of 5.12% [1] Group 2 - The net outflow of main funds in the oil and gas extraction sector was 192 million yuan, while retail investors saw a net inflow of 185 million yuan [1] - The detailed fund flow for *ST Xinchao showed a net inflow of 415,800 yuan from main funds, while retail investors contributed a net inflow of 3.1966 million yuan [2] - In contrast, Intercontinental Oil and Gas experienced a significant net outflow of 182 million yuan from main funds [2]