China Petroleum & Chemical Corporation Advances in Technology and Corporate Governance

China Petroleum & Chemical Corporation (Sinopec) has announced several strategic developments and clarified its corporate governance structure in the latest disclosures.

Joint Development of Sodium‑Ion Battery Materials

Sinopec and South Korean firm LG Chem signed a joint‑development agreement to advance key materials for sodium‑ion batteries. The partnership aims to bring the technology closer to mass commercialization, positioning both companies in the growing renewable‑energy storage market.

Corporate Governance Clarification

Investors raised questions about the dual role of Mr. Zhao Dong, the president of Sinopec and the general manager of its parent group, China Petroleum & Chemical Group Co., Ltd. The company confirmed that Mr. Dong’s dual appointments have undergone the required regulatory approvals in accordance with the China Securities Regulatory Commission’s Listing Company Governance Guidelines (2018). Details are available in the 2024 annual report under the board‑report section on director duties.

Focus on Innovation and Key Technologies

In response to inquiries regarding technology initiatives, Sinopec reiterated its commitment to an innovation‑driven strategy. The company highlighted progress in several core areas:

  • Oil and gas exploration and development
  • Refining and petrochemistry
  • High‑performance materials
  • New energy technologies
  • Digital intelligence (smart operations)

Information on the progress and outlook for these areas can be found in the company’s operating‑performance review and outlook section of its periodic reports.

Strategic Partnerships in Energy Equipment

Sinopec’s wholly owned subsidiary, Petro‑Machinery, signed a strategic cooperation agreement with ADNOC Drilling during the 2023 Abu Dhabi International Petroleum Exhibition (ADIPEC). The deal strengthens joint efforts in localizing high‑end energy equipment manufacturing for the UAE market, reflecting Sinopec’s broader strategy to embed “Made in China” capabilities within global energy supply chains.

Market Context

  • Stock performance: The Hong Kong-listed shares closed at HKD 4.25 on 5 November 2025, within the 52‑week range of HKD 3.69 to HKD 4.77.
  • Market capitalization: HKD 638.92 billion.
  • Price‑to‑earnings ratio: 13.20.

Sinopec continues to operate as a leading producer and trader of petroleum and petrochemical products, including gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, rubber, resins, and chemical fertilizers, with sales throughout China.

The company’s website, www.sinopecgroup.com , provides additional corporate information and updates.