Core Viewpoint - The average net electricity tariffs for China Light and Power (CLP) and Hongkong Electric (HK Electric) will be reduced in 2026, with CLP lowering its rates by 2.6% and HK Electric by 2.2%, benefiting from stable international fuel prices [1][2]. Group 1: CLP's Electricity Tariff Adjustment - CLP will reduce its electricity price by 2.6% starting January 1, 2026, with the average net electricity price set at 140.6 cents per kWh, down 3.7 cents from 2025 [1]. - The fuel adjustment fee will decrease by 6.9 cents to 39.4 cents per kWh, while the average basic electricity price will increase to 101.2 cents per kWh due to rising operational costs [1]. - CLP plans to allocate HKD 270 million through the "CLP Community Energy Saving Fund" to support energy-saving initiatives and assist vulnerable communities [1]. Group 2: HK Electric's Electricity Tariff Adjustment - HK Electric's basic electricity fee will rise to 127.9 cents per kWh, an increase of 5 cents from 2025, while the fuel adjustment fee will decrease to 35.4 cents per kWh, down 8.7 cents from January of this year [2]. - The average net electricity fee for HK Electric will be 163.3 cents per kWh in January 2026, a reduction of 3.7 cents or 2.2% compared to January 2025 [2]. - For a residential customer using 275 kWh per month, the electricity bill will be HKD 352.1, saving HKD 10.1 compared to the previous year [2]. Group 3: Operational and Investment Insights - HK Electric emphasizes prudent planning and investment in updating aging infrastructure to maintain reliable electricity supply while avoiding unnecessary capital expenditures [2][3]. - The company is also enhancing its IT systems to counter increasing cyber-attack threats [2]. - HK Electric supports government environmental policies by constructing natural gas power plants and transitioning from coal to gas to improve emissions [2].

中电表示，将于2026年1月1日起下调电价2.6%。2026年平均净电价为每度电140.6仙，较2025年每度电 下调3.7仙。受惠于国际燃料价格缓和平稳，燃料调整费将下调6.9仙至每度电39.4仙；面对营运成本上 升压力，平均基本电价将上调至每度电101.2仙。 中华电力总裁罗嘉进表示，期望此次减价能纾缓市民生活开支和中小企营运成本，同时通过"中电社区 节能基金"拨款2.7亿港元，全方位推动社会节能减碳、支援弱势社群、为香港经济注入更多动力。虽然 地缘政治仍为燃料价格带来不确定性，中电会继续通过多港元化的燃料组合，竭力控制燃料成本，同时 审慎理财及利用创新科技提升营运效率，继续提供可靠、环保且价格合理的电力服务。 中电将拨款6000万港元第五度推出中电消费券计划，向约60万个合资格家庭送赠100港元的消费券，期 望能支援餐饮及零售业，并产生乘数效应，加速本港经济增长。 智通财经APP获悉，中电控股(00002)旗下中华电力及港灯(02638)公布2026年电费调整方案。中电及港 灯明年的平均净电费，分别下调2.6%及2.2%。 港灯董事总经理郑祖瀛表示，港灯通过审慎规划，根据资产折旧周期或设备的实际状况，持 ...

Core Insights - As of November 10, a total of 108 stocks reached their 52-week highs, with notable performers including Taijin Holdings (08321), OKURA HOLDINGS (01655), and Hejia Holdings (00704) achieving high rates of 125.00%, 84.90%, and 53.57% respectively [1] Summary by Category 52-Week Highs - Taijin Holdings (08321) closed at 0.620 with a peak price of 0.900, marking a 125.00% increase - OKURA HOLDINGS (01655) reached a closing price of 0.280 and a high of 0.355, reflecting an 84.90% rise - Hejia Holdings (00704) had a closing price of 0.345 and a peak of 0.430, showing a 53.57% increase - Other notable stocks include Sanhe Chemical (00301) with a 41.67% increase and Aide New Energy (02623) with a 36.25% rise [1] 52-Week Lows - Wangshan Wangshui-B (02630) recorded a closing price of 52.850 and a low of 51.000, resulting in a -21.84% decrease - Eight Horses Tea (06980) had a closing price of 52.850 and a low of 51.100, reflecting a -10.98% decline - New Enjoy Times (08519) reached a low of 0.270, marking a -10.00% drop - Other significant declines include Jiujiang Bank (06190) at -8.99% and Kun Group (00924) at -6.98% [3][4]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年10月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 中電控股有限公司 | | | | 呈交日期: | 2025年11月3日 | | | | I. 法定/註冊股本變動 | 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.1 (B). 承諾發行發行人股份的權證 不適用 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00002 | 說明 | | 不適用 | | | | | ...

Core Viewpoint - Vanke A (万科A) announced that its largest shareholder, Shenzhen Metro Group (深铁集团), will provide a loan of up to 2.2 billion yuan to repay the company's bond principal and interest [2]. Group 1: Loan Details - Shenzhen Metro Group has cumulatively provided loans totaling 26.93 billion yuan to Vanke A, excluding the current loan [6]. - Since the annual shareholders' meeting on June 27, 2025, Shenzhen Metro Group has provided various loans, including: - New loans of 6.249 billion yuan - Loan extensions of 890 million yuan - New loans of 869 million yuan with asset pledges - New loans of 1.189 billion yuan (with a board-approved limit of 1.681 billion yuan) - New loans of 2.064 billion yuan - New loans of 989 million yuan - Pledged Vanke Cloud equity as collateral for existing loans of 1.551 billion yuan [6][7]. Group 2: Financial Performance - For the first three quarters of 2025, Vanke A reported a total revenue of 161.39 billion yuan, a year-on-year decrease of 26.61% [7]. - The net profit for the same period showed a loss of 28.02 billion yuan [7]. - In the third quarter alone, the company recorded a revenue of 56.07 billion yuan, down 27.30% year-on-year, with a net loss attributable to shareholders of 16.07 billion yuan, indicating a continued decline in performance [7]. Group 3: Shareholding Structure - As of the end of the reporting period (third quarter), Central Huijin Investment held approximately 185 million shares of Vanke A, remaining unchanged [7]. - The largest shareholders include: - Shenzhen Metro Group: 3,242,810,791 shares - HKSCC Nominees Limited: 2,206,364,182 shares - Central Huijin Asset Management: 185,478,200 shares [8].

Core Viewpoint - Vanke A (万科A) announced that its largest shareholder, Shenzhen Metro Group (深铁集团), will provide a loan of up to 2.2 billion yuan to repay the company's bond principal and interest [1] Group 1: Loan Details - Shenzhen Metro Group has cumulatively provided loans totaling 26.93 billion yuan to Vanke A, excluding the current loan [4] - Since the annual general meeting on June 27, 2025, Shenzhen Metro Group has provided several loans, including: - New loans of 6.249 billion yuan - Loan extensions of 890 million yuan - New loans of 869 million yuan with asset collateral - New loans of 1.189 billion yuan (with a board-approved limit of 1.681 billion yuan) - New loans of 2.064 billion yuan - New loans of 989 million yuan - Pledged equity of 1.551 billion yuan as collateral for existing loans [4] Group 2: Financial Performance - For the first three quarters of 2025, Vanke A reported a total revenue of 161.39 billion yuan, a year-on-year decrease of 26.61% [5] - The net profit for the same period was a loss of 28.02 billion yuan [5] - In the third quarter alone, the company recorded a revenue of 56.07 billion yuan, down 27.30% year-on-year, with a net loss attributable to shareholders of 16.07 billion yuan [5] Group 3: Shareholding Structure - As of the end of the reporting period (third quarter), Central Huijin still holds approximately 185 million shares of Vanke A, remaining unchanged [6] - The top 10 unrestricted shareholders include: - Shenzhen Metro Group: 3.243 billion shares - HKSCC Nominees Limited: 2.206 billion shares - Central Huijin Asset Management: 185 million shares [7]

1. 2025 年季度簡報 （ 1月 至9 月 ） 中電控股（中電或本 公 司 ） 2025 年季度簡報（ 1 月 至 9 月）（中、英文版本）現已登載 於 本公司網站 （ www.clpgroup.com ） 「投資者關係」欄目的「財務報告」；及香港聯合交易所有限公司（聯交所）網站 （www.hkexnews.hk）。 2. 發布公司通訊2 之新安排 中電控股有限公司 CLP Holdings Limited (股份代號 Stock Code: 00002) 香港九龍啟德承啟道43號中電總部 CLP Headquarters, 43 Shing Kai Road Kai Tak, Kowloon, Hong Kong 電話 Tel (852) 2678 8111 傳真 Fax (852) 2760 4448 網址 Website www.clpgroup.com 2025年10月31日 中電將以電子方式發 布 公司通訊 ， 公司通訊只會 在 閣下要求 時 ，以印刷 本 發 送 。 閣 下可於中電網站 （ www.clpgroup.com ） 「投資者關係」欄目的「財務報告」 或 「公告及通函」，或聯交所網站 ...

2025年10月31日 親愛的股東： 1. 2025 年季度簡報 （ 1月 至9 月 ） 中電控股有限公司 CLP Holdings Limited (股份代號 Stock Code: 00002) 香港九龍啟德承啟道43號中電總部 CLP Headquarters, 43 Shing Kai Road Kai Tak, Kowloon, Hong Kong 電話 Tel (852) 2678 8111 傳真 Fax (852) 2760 4448 網址 Website www.clpgroup.com 中電控股（中電或本公司 ） 2025 年季度簡報 （ 1 月 至 9 月 ） （中、英文版本）現已登載 於 本公司網站 （ www.clpgroup.com ） 「投資者關係」欄目的「財務報告」；及香港聯合交易所有限公司（聯交所）網站 （www.hkexnews.hk）。 2. 發布公司通訊1 之新安排 中 電 將 以 電子方式 發 布 公司通訊 ， 公司通訊只會 在 股東要求 時 ，以印刷 本 發 送 。 閣下可於中電網站 （ www.clpgroup.com ） 「投資者關係」欄目的「財務報告」 或 「 ...

Core Insights - The Hu Run Research Institute released the "2025 Hu Run Rich List," highlighting the wealth and ranking changes of various families and individuals in Hong Kong and beyond [1][2]. Company Overview - The Michael Kadoorie family, with a wealth of 445 billion RMB, ranks 126th on the list, showing a wealth increase of 1 billion RMB, or 2%, but a drop of 36 places in ranking [1][2]. - The family's core asset, CLP Holdings Limited, is the largest electricity supplier in Hong Kong, providing stable financial support for the family's wealth [1][2]. Financial Performance - CLP Holdings reported a revenue of 90.964 billion HKD, reflecting a year-on-year growth of 4.35%, and a net profit attributable to the parent company of 11.742 billion HKD, which is a significant increase of 76.44% [2][3]. Industry Position - CLP Holdings has been a key player in the Chinese energy market since the late 1970s, investing in various energy sectors including nuclear, wind, solar, hydro, and coal-fired power generation [3]. - The company has invested approximately 50 billion HKD in mainland China, becoming one of the largest foreign investors in the energy sector, with over 50 power generation projects across 15 provinces [3]. Family Legacy - Michael Kadoorie has been involved in family business management since 1964 and has held leadership positions in CLP Holdings and the Hong Kong Shanghai Hotels Group [3]. - The fourth generation of the Kadoorie family is gradually taking over, with Michael Kadoorie's son, Philip Kadoorie, stepping into significant roles within the company [3].

Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, indicating strong financial performance [1] Financial Performance - Revenue for the first three quarters reached 899 million yuan, representing a year-on-year growth of 331.66% [1] - The net profit attributable to shareholders was 145 million yuan, showing a remarkable year-on-year increase of 2791.57% [1] - The non-recurring net profit amounted to 132 million yuan, reflecting a year-on-year growth of 1305.95% [1] - Basic earnings per share were reported at 0.1434 yuan [1]