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

Share buyback shareholding loans quickly landed! ICBC, BOC, ABC, CMB, CITIC and other first batch of multiple banks announced progress. Some banks have already shown cooperation intentions with nearly a hundred listed companies.

1. As of now, Bank of China has reached cooperation intentions with nearly a hundred listed companies, with 32 listed companies explicitly promised loans, covering multiple industries such as integrated circuits, transportation, high-end manufacturing, and business services; 2. The banks stated that they will strictly adhere to the risk compliance bottom line, rigorously prevent crediting funds that do not meet the conditions of stock increase stake & buyback and refinancing policies from illegally flowing into the stock market.

cls.cnOct 21, 2024 03:54 ET

Drone made of carbon fiber is speeding up the commercialization of low-altitude economy, enabling delivery of medicine and transportation of seafood. | Firsthand

①As of the end of June, Fengyi drones have accumulated nearly a million flights, transporting over 4.2 million items, with a total flight distance of nearly 5 million kilometers; ②The East China drone base has introduced approximately 38 industry chain enterprises covering manufacturing, applications, and other types, with a total planned investment of 3.33 billion yuan; ③ Currently, sinopec shanghai petrochemical has a production capacity of 1500 tons/year of small tow carbon fiber and 6000 tons/year of large tow carbon fiber.

cls.cnAug 23, 2024 03:46 ET

PetroChina Reports FY Results

Seeking AlphaMar 25, 2024 08:58 ET

PetroChina Reports Q3 Results

Seeking AlphaOct 31, 2023 08:50 ET