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SINOPEC SSC (01033.HK): repurchased 18.5869 million A shares on April 30.
On May 6, GF Securities reported that SINOPEC SSC (01033.HK) announced that as of April 30, 2025, the company will repurchase A shares totaling 18.5869 million shares through its own funds via the Shanghai Securities Exchange trading system using a centralized bidding method, accounting for 0.1% of the company's current total share capital. The highest transaction price for the repurchase was 1.99 yuan/share, the lowest price was 1.73 yuan/share, and the average price was 1.876 yuan/share, with a total payment amount of 34.8667 million yuan (excluding transaction commission and other trading fees).
A 16% drop in oil prices does not change the ambition to expand production! Occidental Petroleum giants firmly oppose OPEC+'s plan to increase production.
Despite the 16% drop in international oil prices in April and the possibility of OPEC+ further increasing production, major Western oil producers are still committed to their production growth plans.
Saudi Arabia claims it has the ability to maintain long-term low oil prices, with international oil prices dropping by 3.79%.
Five sources familiar with the negotiation situation told Reuters that Saudi Arabian officials have recently informed allies and Industry experts that Saudi Arabia has the capacity to maintain long-term low oil prices.
Announcement Highlights | Aluminum Corporation Of China’s net income for the first quarter increased by 58.78% year-on-year; SUNART RETAIL expects to turn a profit after tax for the year ending March 31 compared to a loss in the same period last year.
In the first quarter, SINOPEC SSC achieved a net income of 0.218 billion yuan, an increase of 23% year-on-year; NEWBORNTOWN's total revenue from social business in the first quarter is expected to be about 1.345 billion to 1.395 billion yuan, a year-on-year growth of approximately 39.1% to 44.3%.
Hong Kong Stock Morning Report|Trump is considering a tiered tariff plan for China. Aluminum Corporation Of China reported nearly 60% year-on-year increase in Net income for the first quarter.
① Trump is considering a tiered tariff plan for China. ② Canadian Prime Minister Carney: There is no rush to reach an agreement with Trump; we have enough leverage in the negotiations. ③ Seven departments: Launching a pilot application for 'AI Empowering the Entire Industry Chain of Medicine.' ④ The Commercial Space Innovation Consortium was established yesterday, and relevant industry standards will be accelerated for formulation.
Petrochemical Oil Service: Petrochemical Oil Service Report for the First Quarter of 2025