January 16th News: Recently, the polyethylene unit intelligent virtual factory project, jointly developed by SUPCON Technology and Sinopec Research Institute of Petroleum Processing, successfully completed its handover at the Daqing Petrochemical Research Center. The project's construction tasks were completed on schedule and smoothly, with engineering quality, safety, and progress controlled throughout. It has officially transitioned from the engineering construction phase to the system joint debugging, testing, and trial operation phase. This marks a significant breakthrough for "AI+Meta-factory" technology in the field of high-end petrochemical material research and development, injecting strong momentum into PetroChina's "Digital Intelligence Petroleum" construction.

January 16th News: Dai Houliang, Secretary of the Party Group and Chairman of China National Petroleum Corporation (CNPC), announced that the second phase of CNPC Dushanzi Petrochemical Tarim 1.2 million tons/year ethylene project will be fully completed and put into operation in 2026. The equipment localization rate for this project exceeds 98%, with major equipment such as ethylene three machines with all-electric drive and extrusion pelletizing units achieving domestic production for the first time. The project aims to create a zero-carbon petrochemical industrial park through a "blue hydrogen to blue ammonia + carbon dioxide to urea" green production and carbon dioxide utilization model.

On January 15th, Baofeng Energy (600989.SH) released its preliminary announcement of increased annual performance for 2025. According to the announcement, based on preliminary calculations by the finance department, the company expects to achieve net profit attributable to shareholders of the listed company of 11 billion to 12 billion yuan in 2025, an increase of 4.662 billion to 5.662 billion yuan year-on-year, representing a year-on-year increase of 73.57% to 89.34%. At the same time, the company expects to achieve net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of 11.2 billion to 12.2 billion yuan in 2025, an increase of 4.420 billion to 5.420 billion yuan year-on-year, representing a year-on-year increase of 65.19% to 79.94%. Baofeng Energy stated that during the reporting period, the company's Inner Mongolia olefin project was put into production, and the production and sales volume of olefin products increased significantly year-on-year, which is the main reason for the expected increase in performance this period.

山东省工业和信息化厅等七部门近日联合印发的《山东省石化化工行业稳增长工作方案》(以下简称《工作方案》)提出主要目标：2026年，全省石化化工行业增加值同比增长5%以上，化工行业生产经营保持平稳运行，高端化工的经济效益稳中有升，占全省化工产业的比重达到60%以上；基础化工领域的能源保供体系、原料保障结构进一步优化，化工新材料和精细化学品领域的产品竞争力实现明显提升。

日前，聚石化学披露公司收到行政处罚事先告知书。经查明，聚石化学及其子公司通过开展虚假贸易业务，在2023年虚增营业收入1.57亿元、虚减利润166.29万元。根据相关规定，广东证监局拟决定对聚石化学责令改正，给予警告，并处罚款240万元。同时，包括公司董事长在内的4名高管一并被警告，与公司共被罚670万元。

Recently, China National Petroleum Corporation's Jilin Petrochemical Company successfully produced qualified products from its 200,000 tons/year bulk ABS unit, marking a significant achievement in the complete localization of bulk ABS technology and complete equipment in China. It is reported that Professor Li Yang's team from Dalian University of Technology has successfully overcome the core technology of continuous bulk toughening resin, establishing a complete independent intellectual property system covering process methods, product systems, and equipment design. The product's impact resistance performance has reached an internationally leading level, providing critical support for the upgrade of China's ABS industry.

Musk: Tesla will stop selling the Full Self-Driving (FSD) package after February 14th, and thereafter, FSD will only be available as a monthly subscription.

On January 14th, the China Association of Automobile Manufacturers released data indicating that in 2025, automobile production and sales reached 34.531 million units and 34.4 million units, respectively, representing year-on-year growth of 10.4% and 9.4%. This set new historical records for production and sales, maintaining China's position as the world's largest automotive market for 17 consecutive years. New energy vehicle production and sales exceeded 16 million units, with domestic new car sales accounting for over 50%. Automobile exports surpassed 7 million units, ranking first globally. Among these, new energy vehicle exports reached 2.615 million units, doubling year-on-year. During the "14th Five-Year Plan" period, China's automobile production and sales maintained a scale of over 30 million units for three consecutive years, with operating revenue exceeding 10 trillion yuan. In 2025, sales of Chinese brand passenger vehicles accounted for nearly 70%, an increase of 4.3 percentage points compared to the same period last year.

According to Chengdu Release, it is reported that recently, Chengdu Science and Technology Investment Group, a subsidiary of Chengdu Industrial Investment Group, has completed its investment in Sichuan Longjia Aerospace Materials Technology Co., Ltd. (referred to as "Longjia Aerospace Materials"). This project originates from the transformation of top technological achievements of Harbin Institute of Technology and has recently officially settled in the Aviation Intelligent Manufacturing Industrial Park in Qingyang District, Chengdu. The company's product system covers a temperature range from 700℃ to 2500℃, able to meet the thermal protection needs of different parts of aerospace equipment such as spacecraft and carrier rockets, while also extending to civilian fields such as new energy battery protection and energy storage stations, with broad market prospects. It is understood that after the project is settled in the Aviation Intelligent Manufacturing Industrial Park in Qingyang District, Chengdu, three automated production lines will be planned, with mass production expected to be achieved within 6 to 12 months. This will not only fill the gap in the manufacturing of high-end thermal protection materials in Chengdu but also form a complete industrial chain loop from research and development to integration.

According to customs statistics, in 2025, China's foreign trade imports and exports reached 45.47 trillion yuan, an increase of 3.8%. Among them, exports amounted to 26.99 trillion yuan, an increase of 6.1%; imports stood at 18.48 trillion yuan, an increase of 0.5%.

On January 14, it was reported that the Ministry of Industry and Information Technology announced that on the afternoon of January 13, the 2026 work meeting of the Inter-Ministerial Joint Conference on the Development of Energy-Saving and New Energy Vehicles was held in Beijing. The convener of the joint conference, Li Lecheng, Secretary of the Party Leadership Group and Minister of Industry and Information Technology, presided over the meeting and delivered a speech. The meeting emphasized that 2026 is the starting year of the 14th Five-Year Plan, and that the development of the intelligent connected new energy vehicle industry is at an important opportunity period. It is necessary to adhere to a problem-oriented approach, a systematic view, and a bottom-line mindset, to increase collaborative efforts, further improve work measures, and promote high-quality development of the industry. First, the formulation of the "Plan" should be done well, reinforcing the collaborative layout with related plans in energy, infrastructure, etc., clarifying development goals, deploying key tasks, and guiding innovative development in the industry. Second, enhance the autonomous controllability of the industrial chain and supply chain, implement a new round of high-quality development actions for key industrial chains, strengthen the layout of landmark products, basic materials, and software tools, and accelerate breakthroughs in technologies such as all-solid-state batteries and advanced autonomous driving. Third, further expand automobile consumption, promote the trade-in of old vehicles, advance the large-scale application of new energy heavy trucks, deepen the reform of new energy vehicle insurance, and stimulate diverse consumer potential. Fourth, standardize the competitive order of the industry, strengthen cost investigations and price monitoring, enhance supervision and inspection of production consistency and product quality, reinforce the role of standards in guiding industrial upgrading, and encourage self-discipline in the industry. Fifth, strengthen support for international cooperation in trade, investment, and technology, scientifically advance the integration of trade and investment as well as the integration of domestic and foreign trade, enhance the prevention of technological and investment risks, guide enterprises to layout overseas reasonably, orderly, and safely, and promote the formation of a new situation in global industrial cooperation.

According to information from the China National Intellectual Property Administration, Voyah Automobile Technology Co., Ltd. has obtained a patent titled "A Foam Tape Adhesion Tool," with the authorization announcement number CN116353075B. The application date is March 2023. According to Tianyancha, Lantu Automobile Technology Co., Ltd. was established in 2021 and is located in Wuhan. It is primarily engaged in research and experimental development. The company's registered capital is 3.68 billion RMB. Through Tianyancha's big data analysis, Lantu Automobile Technology Co., Ltd. has invested in one other company, participated in 2,994 bidding projects, and has 294 trademark information and 4,833 patent information. In addition, the company holds 46 administrative licenses.

Li Lecheng stated to Xinhua News Agency that there will be an emphasis on the "layout" of future industries. We will further strengthen forward-looking layout and overall planning, accelerate the establishment of investment growth and risk-sharing mechanisms for future industries, and promote new breakthroughs in future manufacturing, future information, future materials, and more. We will focus on fields such as quantum technology, humanoid robots, brain-computer interfaces, deep-sea and polar exploration, and 6G, enhancing technological breakthroughs, product development, enterprise cultivation, and ecosystem construction.

Recently, a major project in Jiangsu Province—the annual production of ten thousand tons of polyolefins and alkyl aromatics by Applitec—officially commenced in the Xuwei New Area of Lianyungang. Applitec has been committed to the research and industrialization of high-end synthetic materials and has established a demonstration facility in Shangyu, Shaoxing, Zhejiang Province, with an annual output of 15,000 tons, which operates stably and has mature technology. The expansion in Lianyungang's Xuwei New Area is a key step for the company in expanding its reach to national and global markets. The first phase of the project will construct a 36,000 tons/year poly α-olefin facility, further enhancing the company's production capacity and market competitiveness.

Recently, Dalian Xitai announced the first information disclosure for the environmental impact assessment of the relocation and refurbishment project for the polypropylene plant and supporting facilities at Dalian Petrochemical. The project involves the relocation and refurbishment of the original 200,000 tons/year polypropylene plant and part of the equipment and facilities from the 400,000 tons/year gas fractionation unit. This will be done without increasing Dalian Xitai's refining capacity of 10 million tons.Expand the existing gas fractionation unit capacity to 600,000 tons/year and increase the existing polypropylene unit capacity to 200,000 tons/year.To achieve oil reduction and chemical enhancement, optimize the refining product structure of the enterprise. Supporting corresponding dust removal and organic waste gas treatment environmental protection equipment, the public, auxiliary, and storage and transportation engineering will rely on the existing facilities of the plant, with some electrical facilities being upgraded.

On the evening of January 11, local time, while returning to Washington from Florida on the Air Force One, U.S. President Trump spoke to the accompanying media personnel about Greenland, a Danish autonomous territory, and once again claimed, "Greenland is defended only by dog sleds—whatever means necessary, the United States must take Greenland, a deal should be made for Greenland."

The website of the Ministry of Ecology and Environment recently published the acceptance status of the environmental impact assessment (EIA) document for the coal-to-olefins upgrading demonstration project of Sinopec Great Wall Energy and Chemical (Inner Mongolia) Co., Ltd. The EIA document indicates that the project is located in the Dalu Industrial Park of the Zhuoer Economic Development Zone in Ordos, Inner Mongolia, with a total investment of 22.067 billion yuan and an environmental protection investment of approximately 1.6 billion yuan, accounting for 7.27% of the total engineering investment. The project uses coal as the raw material to produce the intermediate product methanol, which is then used to produce olefins, ultimately processed into polypropylene, polyethylene, and EVA.

According to a report by The New York Times on January 11, local time, the U.S. Attorney's Office for the District of Columbia has initiated a criminal investigation into Federal Reserve Chairman Jerome Powell regarding matters related to the renovation of the Federal Reserve's Washington headquarters.

An investor asked on the investor interaction platform: Which segment does your company's lithium battery business belong to? Shuangxin Environmental (001369.SZ) stated on the investor interaction platform on January 9 that the company's products DMC, DEC, EMC are important raw materials for lithium battery electrolytes.

On January 9th, Wanhua Chemical Group Co., Ltd. announced the technical renovation and resumption of production at the Ethylene Phase I unit in the Yantai Industrial Park. According to the company's "Announcement on the Suspension and Technical Renovation of the Ethylene Phase I Unit in the Yantai Industrial Park" (Temporary 2025-31), released on May 23, 2025, the 1 million tons/year Ethylene Phase I unit in the Yantai Industrial Park was shut down on June 3, 2025, for feedstock diversification renovation. As of now, the feedstock modification for the Ethylene Phase I unit has been completed, producing ethylene through ethane cracking, and qualified products have been produced.