China Petroleum & Chemical Corporation Stock Forum

Brent oil futures topped US$90 a barrel, but $SINOPEC CORP(00386.HK)$ slumped 2.4%. $CHINA OILFIELD(02883.HK)$ crashed 16.1% after a client in the Middle East abruptly called off operations on four drilling rigs. Other energy stocks also slipped, with $KUNLUN ENERGY(00135.HK)$ , $YANKUANG ENERGY(01171.HK)$ and $CHINA COAL(01898.HK)$ falling 3.3% to 4.3%.
For resource stocks, $CHALCO(02600.HK)$ declined 3.6%, while $GANFENGLITHIUM(01772.HK)$ and $TIANQI LITHIUM(09696.HK)$ crumple...

From January to February, the y/y profit growth in China's mining sector fell by 21.1% to 0.188 trillion yuan.
The manufacturing sector rises 17.4y/y 0.613 tln yuan
The electricity, heating, gas, and water supply sector +63.1% to 112.5 billion yuan.
$China Mobile Limited(600941.SH)$$CHINA MOBILE(00941.HK)$$CNOOC(00883.HK)$$China Petroleum & Chemical Corporation(600028.SH)$$SH ELECTRIC(02727.HK)$$Hang Seng Index(800000.HK)$$Hang Seng China Enterprises Index(800100.HK)$

China's state-holding enterprises' profit rises 0.5% y/y to 0.343 trillion yuan
Joint-equity's profit rises 5.3% to 0.69 trillion yuan
Foreign ventures+HK+Macau+TW rise 31.2% to 0.217 trillion yuan
Private enterprises +12.7% to 0.246 trillion yuan
$China Petroleum & Chemical Corporation(600028.SH)$$CNOOC(00883.HK)$$CHINA MOBILE(00941.HK)$$China Mobile Limited(600941.SH)$$Contemporary Amperex Technology(300750.SZ)$$BYD Company Limited(002594.SZ)$$BABA-SW(09988.HK)$$TENCENT(00700.HK)$$XIAOMI-W(01810.HK)$$KraneShares CSI China Internet ETF(KWEB.US)$$NASDAQ Golden Dragon China(.HXC.US)$

China's January to February industrial profit grew by 10.2% y/y to 0.914 trillion yuan.
NBS:
Revenue growth at industrial enterprises picked up markedly as market demand continued to recover and industrial output expanded rapidly, which created favorable conditions for their profits.
Some 29 out of China's 41 main industries saw profits rise in the first two months.
$Alibaba(BABA.US)$$BABA-SW(09988.HK)$$TENCENT(00700.HK)$$XIAOMI-W(01810.HK)$$JD-SW(09618.HK)$$BIDU-SW(09888.HK)$$BYD COMPANY(01211.HK)$$SENSETIME-W(00020.HK)$$China Petroleum & Chemical Corporation(600028.SH)$

Both parties said they will further deepen strategic cooperation, broaden the scope of cooperation, extend the industrial chain, accelerate the pace of restructuring and upgrading, and promote cooperation between the two sides to a new stage. 
$China Petroleum & Chemical Corporation(600028.SH)$$Contemporary Amperex Technology(300750.SZ)$$Hang Seng H-Share Index ETF(02828.HK)$$NASDAQ Golden Dragon China(.HXC.US)$

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$AAC TECH(02018.HK)$$ANTA SPORTS(02020.HK)$$CHINA MOBILE(00941.HK)$$SINOPEC CORP(00386.HK)$$BEKE-W(02423.HK)$$LI AUTO-W(02015.HK)$$Li Auto(LI.US)$$SAMSONITE(01910.HK)$$TENCENT(00700.HK)$$TRIP.COM-S(09961.HK)$$Trip.com(TCOM.US)$$XIAOMI-W(01810.HK)$

From January to December, the y/y profit growth in China's mining sector fell by 19.3% to 1.24 trillion yuan.
The manufacturing sector drops 2.0% y/y 5.76 tln yuan.
The electricity, heating, gas, and water supply sector +54.3% to 682.2 billion yuan.
$KraneShares CSI China Internet ETF(KWEB.US)$$Hang Seng H-Share Index ETF(02828.HK)$$Hang Seng Index(800000.HK)$$PETROCHINA(00857.HK)$$SINOPEC CORP(00386.HK)$

China's state-holding enterprises' profit drops 3.4% y/y to 2.26 trillion yuan
Joint-equity's profit drops 1.2% to 5.67 trillion yuan
Foreign ventures+HongKong+Macau+TW drop 6.7% to 11.79 trillion yuan
Private enterprises +2.0% to 2.34 trillion yuan
$KraneShares CSI China Internet ETF(KWEB.US)$$Hang Seng H-Share Index ETF(02828.HK)$$Hang Seng Index(800000.HK)$$SINOPEC CORP(00386.HK)$$PETROCHINA(00857.HK)$

1. Mixed Inflation Signals:
China’s consumer price index (CPI) fell 0.3% in December, slightly better than the 0.4% decline expected by the market. It’s the third straight month of negative CPI growth, pointing to deflation that’s not getting worse but becoming stickier. China’ Producer Price Index (PPI) for the month fell 2.7%, slightly worse than the 2.6% decline expected. $Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$
2. Trade Surplu...