Baofeng Energy (600989.SH) plans to acquire assets of the integrated steam pipeline project for RMB 450 million.

Baofeng Energy (600989.SH) announced that the company intends to enter into an "Agreement for the Acquisition of Assets Related to the Steam Integrated Pipeline Project" with Ningxia Tianpu Core Technology Co., Ltd. to acquire the asset group associated with Ningxia Tianpu Core Technology Co., Ltd.'s steam integrated pipeline project (the "Target Assets"). The acquisition price is RMB 450 million (inclusive of tax), which is substantially consistent with the appraised value of the Target Assets of RMB 449.6453 million (inclusive of tax). The funds for the purchase of the Target Assets will be sourced from the company's own resources.

Zhitong Finance15:41

Western Securities: Oil price volatility affects investment preferences in the chemical sector; focus remains on certainty and growth potential.

The oil-to-coal price ratio is at a historically high level, significantly widening the cost advantage of coal-based chemical pathways (such as coal-to-oil, coal-to-olefins, and coal-to-ethylene glycol), thereby providing coal chemical enterprises with a dual benefit of an improved profit window and stronger cash flow.

Zhitong FinanceJun 1 09:44

BOCI: Chemical Industry Showing Signs of Bottoming Out and Rebounding; Three Clear Trends May Create Investment Opportunities

In the long term, the global market share and competitiveness of the chemical industry chain will continue to increase, maintaining an 'Outperform' rating for the sector.

Zhitong FinanceJun 1 09:15

CITIC Securities: Initial signs of a supply shortage in third-generation refrigerants are emerging; recommends seeking core chemical assets following the oil price shock.

After the oil price shock, seek core chemical assets with smooth transmission and strengthened relative competitive advantages.

Zhitong FinanceMay 25 14:53

Guotai Haitong: Full-year supply deficit widens; high oil prices expected to remain sticky

Oil prices rebounded in April after an initial decline. Looking ahead, institutions have revised down their global supply forecasts, leading to a widening supply-demand deficit for the year, with the most pronounced gaps expected in Q2 and Q3, suggesting that international oil prices will remain elevated.

Zhitong FinanceMay 25 11:03

UBS Group 100-Page In-Depth Report: China's Chemical Industry at the Start of a New Major Cycle

2026 could mark the beginning of a new cycle for China's chemical industry. UBS Group notes that slowing capital expenditure, strict policy controls on new capacity additions, and the exit of high-cost overseas production capacity are driving the sector into a recovery phase from its 2025 earnings trough. Rising oil prices, fueled by Middle East tensions, have further strengthened the competitive advantage of low-cost production routes such as coal-to-olefins and light hydrocarbon cracking. Current sector valuations and investor positioning remain subdued, with capital increasingly focusing on leading enterprises that possess global competitiveness, economies of scale, and cost-based moats. Sub-sectors such as polyurethanes, agrochemicals, and refrigerants exhibit notable upside elasticity.

wallstreetcnMay 22 21:18