Group 1 - Yuexiu Capital (000987) experienced a rapid increase in stock price, reaching a peak of 11.14 CNY per share before settling at 10.97 CNY, marking an 8.29% rise with a trading volume of nearly 3 billion CNY [2][3] - The company reported a total market value of 55.04 billion CNY and a circulating market value of 55.01 billion CNY, with a price-to-earnings ratio of 13.71 [3] Group 2 - Yuexiu Capital's subsidiary, Yuexiu Industrial Fund, is focusing on a strategy of "industry alliance + research-driven investment," collaborating with leading companies in strategic emerging industries such as aerospace and high-end equipment manufacturing [5] - The company aims to explore quality investment projects along the industrial chain to support the development of new productive forces [5] Group 3 - Oriental Pearl's stock opened with a limit increase, achieving a four-day consecutive rise, trading at 14.65 CNY per share [5] - The company clarified rumors regarding its stake in Super Fusion Digital Technology Co., confirming an indirect holding of 1.3182% and emphasizing the uncertainty surrounding its listing process [5] - Oriental Pearl stated that while it can utilize AI technology to enhance experiences, it is not directly engaged in AI business, and related applications have not yet generated revenue [5] Group 4 - Luxin Venture Capital's stock also hit the limit increase, trading at 35.85 CNY per share, achieving 10 limit increases in 12 trading days [5][6] - The company announced that its equity investment funds hold a 0.89% stake in Blue Arrow Aerospace, advising investors to approach the commercial aerospace concept with caution [7]

Group 1 - The core point of the article is that Guangdong Xingfa Aluminum Co., Ltd. has obtained a patent for a high-performance aluminum profile extrusion mold made from iron-based alloy powder, indicating innovation in the aluminum industry [1] - The patent is titled "A Laser Selective Melting Forming High-Performance Aluminum Profile Extrusion Mold Iron-Based Alloy Powder" and was granted with the announcement number CN117026071B [1] - The application date for the patent was July 2023, reflecting the company's ongoing commitment to research and development in advanced materials [1]

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12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: 興發鋁業控股有限公司 FF301 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) | 00098 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 420,649,134 | | | | 420,649,134 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 420,649,134 | | 0 | | 420,649,134 | 第 2 頁 共 10 頁 v 1.1.1 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 ...

Group 1 - The core point of the article is that Xingfa Aluminum (Chengdu) Co., Ltd. has obtained a patent for a "press mold with a top column," with the authorization announcement number CN116140397B, and the application date is March 2023 [1] - Xingfa Aluminum (Chengdu) Co., Ltd. was established in 2009 and is located in Chengdu, primarily engaged in the metal products industry [1] - The registered capital of Xingfa Aluminum (Chengdu) Co., Ltd. is 130 million RMB [1] Group 2 - According to data from Tianyancha, Xingfa Aluminum (Chengdu) Co., Ltd. has participated in 40 bidding projects and holds 319 patent records [1] - The company also possesses 321 administrative licenses [1]

（於開曼群島註冊成立之有限公司） （股份代號：98） 持續關連交易 — (1)二零二五年河南租賃協議；及 (2)二零二五年江西租賃協議 持續關連交易 茲提述本公司日期為二零二三年十二月二十九日有關現有持續關連交易協議之公佈。 鑒於現有持續關連交易協議於二零二四年十二月三十一日屆滿，董事會宣佈，本公司之 下列附屬公司訂立以下租賃協議。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 XINGFA ALUMINIUM HOLDINGS LIMITED 興 發 鋁 業 控 股 有 限 公 司 上市規則之涵義 (1) 二零二五年河南租賃協議 於本公佈日期，河南景興為主要股東中國聯塑之間接非全資附屬公司，故根據上市 規則，河南景興為本公司之關連人士。因此，二零二五年河南租賃協議項下擬進行 之交易構成本公司根據上市規則第14A章之持續關連交易。 — 1 — (i) 河南興發（本公司之間接全資附屬公司）與河南景興訂立二零二五年河南租賃協議； 及 (ii) 江西興發 ...

Group 1 - The aluminum sector is performing well, with notable stock increases: Nanshan Aluminum International (02610) up 3.37%, China Aluminum (02600) up 3.05%, Xingfa Aluminum (00098) up 2.29%, and China Hongqiao (01378) up 1.76% [1][2] - Northern regions are experiencing production cuts due to environmental factors, which have a limited contribution to the current oversupply situation. Electrolytic aluminum plants have sufficient raw material reserves, and short-term disruptions in winter storage are unlikely [2] - The price of bauxite remains strong, but domestic mines face short-term environmental pressures, while imported supply is increasing, leading to a weakening sentiment regarding prices. Current alumina valuations are low, and bauxite prices have fallen to the marginal highest cost in Guinea, necessitating caution regarding uncertainties in Guinea's bauxite supply [2] Group 2 - Previous insights from Huatai Securities suggest that supply-demand improvements may become the main theme in the metal industry by 2026. The phase of monetary easing and economic recovery is expected to trigger a convergence in the gold-silver ratio, with silver prices potentially rising stronger than gold in 2026 [2] - The supply-demand dynamics for copper and aluminum industries are projected to be in a state of supply shortage by 2026 [2]

呈交日期: 2025年12月3日 I. 法定/註冊股本變動 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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 興發鋁業控股有限公司 | 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) | 00098 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | | 10,000,000 | 本月底法定/註冊 ...

Group 1 - The core viewpoint of the article highlights the continuous rise in Hong Kong aluminum stocks, with China Hongqiao reaching a historical high, driven by positive macroeconomic expectations and improved risk appetite due to US-China trade talks [1] - Galaxy Securities indicates that the ongoing US Federal Reserve rate cuts and potential balance sheet expansion in Q4 are expected to enhance market liquidity, benefiting the prices of industrial metals like copper and aluminum [1] - The article notes that accidents among overseas copper and aluminum leading companies are likely to disrupt global supply, further increasing price elasticity for these metals [1] Group 2 - Bank of America has raised its profit forecasts for China Hongqiao for 2026-2030 by 5-14%, increasing the target price from HKD 35 to HKD 38 while maintaining a "Buy" rating [1] - The supporting logic for this upgrade includes a projected dividend yield of 6%-7%, the expected production of the Ximangdu project by the end of 2025, share buybacks, and a valuation advantage with a 9x P/E ratio in 2026 [1] - The stock performance of key companies is as follows: China Hongqiao at HKD 33.440 (+3.21%), China Aluminum at HKD 11.410 (+2.89%), Xinfeng Aluminum at HKD 7.860 (+2.48%), and Rusal at HKD 4.430 (+1.14%) [1]

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: 興發鋁業控股有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 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) | 00098 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊 ...

呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 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) | 00098 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 興發鋁業控股有限公司 本月底法定/註冊股 ...