Brokerage morning meeting highlights: Listed companies significantly Increase Stake & Buy Back, demonstrating determination and strength.

In today's brokerage morning meeting, Founder Securities believes that listed companies are significantly increasing their Increase Stake & Buy Back measures to demonstrate resolve and strength; China International Capital Corporation suggested that the Federal Reserve is not expected to cut interest rates in the short term, with a potential restart of rate cuts possibly in the third quarter; HTSC believes that the Real Estate property management Sector has both improvement potential and dividend value.

cls.cnApr 10 20:14 ET

China Petroleum & Chemical Corporation and Saudi Aramco are advancing the expansion of the Yanbu refinery to enhance the production capacity of high-end petrochemical products.

① China Petroleum & Chemical Corporation signed an agreement with Saudi Aramco to expand the Yanbu refinery, constructing a new 1.8 million tons/year ethylene plant, a 1.5 million tons/year aromatics unit, and supporting downstream polyolefin facilities; ② The Yanbu refinery is a joint venture between China Petroleum & Chemical Corporation and Saudi Aramco, which started production in 2016, processing 0.43 million barrels of Saudi heavy crude oil per day; ③ The expansion will enhance the production capacity of high-end petrochemical products, maximize the integrated refining and chemical synergy effect, and deepen China-Saudi energy cooperation.

cls.cnApr 10 07:25 ET

Strong policies to maintain stability inject confidence, the Agriculture chain and CSI Consumer 360 index are expected to progress together.

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cls.cnApr 8 21:28 ET

Petrochina's net profit increased by 2% against the trend, and the green transformation accelerated, leading to a 116% surge in business | Earnings Reports insights.

On March 30th, Petrochina announced its annual report as of December 31, 2024, showing that the company achieved revenue of 2.94 trillion yuan for the year, a year-on-year decrease of 2.5%; Net income attributable to shareholders of the parent company was 164.684 billion yuan, an increase of 2.0%, with basic earnings per share of 0.90 yuan. The Board of Directors recommended a year-end dividend of 0.25 yuan per share for 2024, totaling approximately 45.755 billion yuan. Against the backdrop of weak global Energy demand and falling oil prices, Petrochina's performance in the 2024 fiscal year is commendable, with net income attributable to the parent company achieving new heights.

wallstreetcnMar 30 05:47 ET

The three major A-share indexes showed mixed results, with the micro-index leading the decline, Hong Kong stocks fell, and the Hang Seng Tech Index dropped by more than 2%.

Hong Kong stocks fell, with the Hang Seng Index down 1.93% and the Hang Seng TECH Index down 2.04%. EAST BUY fell nearly 5%, and BYD Electronics dropped over 4%. Oil & Gas stocks opened with a significant rise, with Xinjiang Zhundong Petroleum Technology hitting the limit up, while Sino Geophysical, Tong Petrotech Corp., XinJiang Beiken Energy Engineering, and Zhongman Petroleum And Natural Gas Group Corp.,Ltd. all opened high.

wallstreetcnJan 12 20:55 ET

Oil price decline dragging down, Sinopec's Q3 net profit plummeted by 52.1% year-on-year, CNOOC's revenue declined. | Financial Report Insights

Sinopec's net income in the third quarter dropped significantly, greatly reducing inventory income year-on-year due to the rapid decline in oil prices, as well as a slight narrowing of refining product gross profit; CNOOC's revenue declined year-on-year, but net production and net income increased significantly year-on-year, with significant cost advantages.

wallstreetcnOct 28, 2024 09:02 ET