Core Viewpoint - The Hong Kong stock market saw a significant rise in power equipment stocks, driven by the acceleration of the national unified electricity market construction, with expectations of over 4 trillion yuan in grid investment during the 14th Five-Year Plan period, a notable increase from 2.8 trillion yuan in the previous period [1][2]. Group 1: Market Performance - Harbin Electric (01133) increased by 6.67%, with a latest price of 15.200 and a market capitalization of 33.991 billion [2] - Dongfang Electric (01072) rose by 6.39%, with a latest price of 23.320 and a market capitalization of 80.649 billion [2] - Northeast Electric (00042) saw a 5.88% increase, with a latest price of 0.270 and a market capitalization of 0.0236 billion [2] - Shanghai Electric (02727) increased by 3.72%, with a latest price of 4.180 and a market capitalization of 64.958 billion [2] - Chaowei Power (00951) rose by 2.21%, with a latest price of 1.390 and a market capitalization of 1.535 billion [2] - Yihua Tong (02402) increased by 2.05%, with a latest price of 25.860 and a market capitalization of 5.991 billion [2] - Tianneng Power (00819) saw a modest increase of 1.10%, with a latest price of 7.340 and a market capitalization of 8.266 billion [2] Group 2: Investment Outlook - Huatai Securities indicates that the main grid construction will support the interconnection of the national grid framework, which is crucial for building the national unified electricity market [1] - The focus on grid investment during the 14th Five-Year Plan period is expected to significantly enhance infrastructure compared to the previous plan [1]

每经AI快讯，12月12日，港股市场电力设备股走强，其中，哈尔滨电气、东方电气涨超6%，东北电气 涨近6%，上海电气涨近4%，超威动力、亿华通涨超2%。 ...

Core Insights - The article highlights the top and bottom AH share premium rates as of December 11, with Northeast Electric (00042) leading at a premium rate of 958.82% [1][2]. Summary by Category Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 958.82% with a deviation value of 89.44% [1][2]. - Zhejiang Shibao (01057) follows with a premium rate of 270.15% and a deviation value of 8.43% [2]. - Hongye Futures (03678) ranks third with a premium rate of 265.78% and a deviation value of -2.82% [2]. Bottom AH Share Premium Rates - Contemporary Energy (03750) has the lowest premium rate at -8.28% with a deviation value of 0.95% [1][2]. - China Merchants Bank (03968) follows with a premium rate of -2.31% and a deviation value of -1.80% [2]. - Heng Rui Pharmaceutical (01276) has a premium rate of 1.66% with a deviation value of -1.68% [2]. Top AH Share Deviation Values - Northeast Electric (00042) leads with a deviation value of 89.44% [1][2]. - Red Star Macalline (01528) has a deviation value of 39.65% [2]. - Beijing Machinery (00187) follows with a deviation value of 28.21% [2]. Bottom AH Share Deviation Values - GAC Group (02238) has the lowest deviation value at -22.53% [1][3]. - Shenzhen Expressway (00548) follows with a deviation value of -16.19% [3]. - Jiangsu Ninghu Highway (00177) has a deviation value of -14.92% [3].

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 881.82% and Ningde Times (03750) at -8.10% [1][2][3] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 881.82% with H-share at 0.275 HKD and A-share at 2.25 CNY [1] - Zhejiang Shibao (01057) follows with a premium rate of 269.35%, H-share at 3.980 HKD and A-share at 12.27 CNY [1] - Hongye Futures (03678) ranks third with a premium rate of 265.32%, H-share at 3.460 HKD and A-share at 10.55 CNY [1] Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -8.10%, with H-share at 498.400 HKD and A-share at 382.38 CNY [1] - China Merchants Bank (03968) has a premium rate of 0.67%, H-share at 50.400 HKD and A-share at 42.36 CNY [1] - Heng Rui Pharmaceutical (01276) follows closely with a premium rate of 1.02%, H-share at 75.150 HKD and A-share at 63.38 CNY [1] Group 3: Top and Bottom Deviation Values - The highest deviation values are led by Beijing Jingcheng Machinery Electric Company (00187) at 26.20%, followed by Guanghetong (00638) at 23.44% and Chenming Paper (01812) at 23.09% [1][2] - Conversely, the lowest deviation values are recorded by GAC Group (02238) at -19.94%, Jiangsu Ninghu Expressway (00177) at -15.21%, and Shenzhen Expressway (00548) at -12.71% [1][3]

Core Insights - The article highlights the top and bottom AH share premium rates as of December 9, with Northeast Electric (00042) leading at a premium of 938.46% and Ningde Times (03750) at the bottom with a premium of -6.40% [1][2] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 938.46% and a deviation value of 69.76% [1][2] - Beijing Jingcheng Machinery Electric (00187) follows with a premium of 271.15% and a deviation value of 38.89% [1][2] - Hongye Futures (03678) ranks third with a premium of 270.18% and a deviation value of 3.33% [1][2] Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has a premium rate of -6.40% and a deviation value of 3.51% [1][2] - China Merchants Bank (03968) shows a premium of -0.87% with a deviation value of -0.30% [1][2] - Heng Rui Medicine (01276) has a premium of 1.70% and a deviation value of -1.61% [1][2] Group 3: Deviation Values - The highest deviation values are seen in Northeast Electric (00042) at 69.76%, Beijing Jingcheng Machinery Electric (00187) at 38.89%, and China Metallurgical Group (01618) at 31.96% [1][2] - The lowest deviation values are recorded for GAC Group (02238) at -19.60%, Jiangsu Ninghu Expressway (00177) at -16.52%, and Shenzhen Expressway (00548) at -13.03% [1][2]

Group 1 - The article highlights the top three and bottom three AH premium rates for stocks as of December 8, with Northeast Electric (00042) leading at 900.00% [1] - The second and third highest AH premium rates are for Hongye Futures (03678) at 271.02% and Zhejiang Shibao (01057) at 263.14% [1] - The lowest AH premium rates are for Ningde Times (03750) at -7.18%, followed by China Merchants Bank (03968) at 0.50% and Hengrui Medicine (01276) at 3.12% [1] Group 2 - The article provides a detailed ranking of the top ten AH stocks by premium rate, with Northeast Electric (00042) having a significant premium of 900.00% and a deviation value of 33.05% [1] - Other notable stocks in the top ten include Sinopec Oilfield Service (01033) with a premium of 259.21% and a deviation value of -5.20% [1] - The bottom ten AH stocks by premium rate include Weichai Power (02338) with a premium of 5.92% and a deviation value of -3.57% [1] Group 3 - The article also lists the top ten AH stocks by deviation value, with Northeast Electric (00042) again leading with a deviation of 33.05% [1] - Guanghetong (00638) and Beijing Jingcheng Machinery (00187) follow with deviation values of 28.42% and 26.94% respectively [1] - The bottom three stocks by deviation value include GAC Group (02238) at -17.56%, Jiangsu Ninghu Expressway (00177) at -17.19%, and Shenzhen Expressway (00548) at -11.56% [1]

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at a premium of 900.00% and Ningde Times (03750) at the bottom with a premium of -4.97% [1][2][3] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has the highest premium rate of 900.00% with a deviation value of 33.66% [1][4] - Hongye Futures (03678) follows with a premium of 268.44% and a deviation value of 3.75% [2][4] - Sinopec Oilfield Service (01033) ranks third with a premium of 264.47% and a deviation value of 0.08% [1][2] Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -4.97% with a deviation value of 5.61% [3][5] - China Merchants Bank (03968) has a premium of -3.09% and a deviation value of -2.65% [3][5] - Heng Rui Medicine (01276) shows a premium of 0.15% with a deviation value of -3.16% [3][5] Group 3: Top Deviation Values - Northeast Electric (00042) leads with a deviation value of 33.66% [1][4] - Guanghetong (00638) has a deviation value of 30.36% [4] - Beijing Jingcheng Machinery (00187) follows with a deviation value of 23.74% [4] Group 4: Bottom Deviation Values - GAC Group (02238) has the lowest deviation value at -24.07% [5] - Jiangsu Ninghu Highway (00177) shows a deviation value of -18.32% [5] - Shenzhen Expressway (00548) has a deviation value of -11.27% [5]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant disparities in market valuations between A-shares and H-shares [1][2] - Northeast Electric (00042) leads with a premium rate of 900.00%, while CATL (03750) shows a negative premium rate of -4.93%, suggesting potential investment opportunities and risks [1] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042) with a premium of 900.00% and a deviation value of 34.85% [1] - Hongye Futures (03678) with a premium of 272.56% and a deviation value of 8.87% [1] - Zhejiang Shibao (01057) with a premium of 261.81% and a deviation value of 5.38% [1] - The bottom three stocks with the lowest AH premium rates are: - CATL (03750) with a premium of -4.93% and a deviation value of 6.10% [1] - China Merchants Bank (03968) with a premium of -1.58% and a deviation value of -1.24% [1] - Heng Rui Medicine (01276) with a premium of 0.64% and a deviation value of -2.66% [1] Deviation Value Rankings - The top three stocks with the highest deviation values are: - Guanghetong (00638) with a deviation value of 36.62% [1] - Northeast Electric (00042) with a deviation value of 34.85% [1] - Beijing Machinery (00187) with a deviation value of 27.48% [1] - The bottom three stocks with the lowest deviation values are: - GAC Group (02238) with a deviation value of -20.57% [1] - Jiangsu Ninghu Highway (00177) with a deviation value of -13.89% [1] - Shenzhen Expressway (00548) with a deviation value of -12.04% [1]

Core Insights - The article highlights the top and bottom AH share premium rates as of December 3, with Northeast Electric (00042) leading at a premium rate of 900.00% [1][2]. Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has the highest premium rate at 900.00% with H-share priced at 0.270 HKD and A-share at 2.25 CNY [2]. - Hongye Futures (03678) follows with a premium rate of 276.85%, H-share at 3.240 HKD and A-share at 10.19 CNY [2]. - Sinopec Oilfield Service (01033) ranks third with a premium rate of 265.79%, H-share at 0.760 HKD and A-share at 2.32 CNY [2]. Group 2: Bottom AH Share Premium Rates - Contemporary Amperex Technology (03750) has the lowest premium rate at -4.88%, with H-share priced at 473.600 HKD and A-share at 376.08 CNY [2]. - China Merchants Bank (03968) has a premium rate of -0.25%, H-share at 51.650 HKD and A-share at 43.01 CNY [2]. - Heng Rui Medicine (01276) follows with a premium rate of 1.71%, H-share at 71.800 HKD and A-share at 60.97 CNY [2]. Group 3: Premium Deviation Values - Guanghe Communication (00638) has the highest deviation value at 49.00% [1][3]. - Northeast Electric (00042) also features prominently with a deviation value of 36.60% [1][3]. - Chenming Paper (01812) ranks third with a deviation value of 26.74% [1][3]. Group 4: Bottom Premium Deviation Values - GAC Group (02238) has the lowest deviation value at -26.76% [1][3]. - Junsheng Electronics (00699) follows with a deviation value of -18.54% [1][3]. - Jiangsu Ninghu Highway (00177) has a deviation value of -15.01% [1][3].

Group 1 - The top three companies with the highest AH premium rates are Northeast Electric (00042) at 900.00%, Hongye Futures (03678) at 272.78%, and Sinopec Oilfield Service (01033) at 262.34% [1] - The bottom three companies with the lowest AH premium rates are CATL (03750) at -5.04%, China Merchants Bank (03968) at -0.84%, and Heng Rui Medicine (01276) at 2.24% [1] - The companies with the highest deviation values are Guanghe Tong (00638) at 43.63%, Northeast Electric (00042) at 37.21%, and Beijing Jingcheng Machinery Electric (00187) at 23.54% [1] Group 2 - The top ten AH stocks by premium rate include Zhejiang Shibao (01057) at 261.04%, Beijing Jingcheng Machinery Electric (00187) at 247.49%, and Chenming Paper (01812) at 244.44% [1] - The bottom ten AH stocks by premium rate include Weichai Power (02338) at 5.66%, Midea Group (00300) at 8.00%, and Zijin Mining (02899) at 8.86% [2] - The top ten AH stocks by deviation value also include Dazhong Public Utilities (01635) at 17.92% and Shandong Xinhua Pharmaceutical (00719) at 12.79% [2]