致：香港交易及結算所有限公司 公司名稱: 小魚盈通控股有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2026年1月6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) | 00139 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 80,000,000,000 | HKD | | 0.01 | HKD | | 800,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 80,000,000,000 | HKD | | 0.01 | HKD | | 800,000,000 | FF301 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 ...

Group 1: Insurance Sector - The insurance sector continues to rise, with China Ping An (02318) up 5.17%, New China Life (01336) up 4.14%, China Life (02628) up 4.83%, and China Pacific Insurance (02601) up 3.29%. The National Financial Regulatory Administration reported that the insurance industry achieved a total premium income of 57,629 billion yuan, a year-on-year increase of 7.6% for the first 11 months of 2025 [1][2]. Group 2: Hydrogen Energy - Guofu Hydrogen Energy (02582) saw a rise of over 7.2% after announcing the delivery of a total of 424 sets of vehicle-mounted high-pressure hydrogen supply systems to clients, which will be used in fuel cell buses in Guangzhou [1]. Group 3: Coal Sector - Coal stocks collectively rose, with China Coal Energy (01898) up 4.33%, Yanzhou Coal Mining (01171) up 3.18%, and China Shenhua Energy (01088) up 2.31%. Since late November, port thermal coal prices have been on a downward trend, dropping from a high of 834 yuan/ton to a low of 670 yuan/ton, before rebounding on December 31, increasing by 8 yuan/ton to 678 yuan/ton [1]. Group 4: Solar Energy and AI - Junda Co., Ltd. (02865) increased by over 6.1% following a report from Guotai Junan that Elon Musk proposed a plan to deploy 100GW of solar AI satellites annually, driving demand for space photovoltaic technology [1]. Group 5: Lithium Mining - Lithium stocks were active, with Ganfeng Lithium (01772) up 4.22% and Tianqi Lithium (09696) up 2.85%. After breaking through the 130,000 yuan/ton mark, lithium carbonate futures surged over 8%, reaching a high of 137,760 yuan/ton [2]. Group 6: Real Estate Sector - Domestic real estate stocks continued to rise, with Beike-W (02423) up 3.44%, Longfor Group (00960) up 5.24%, China Jinmao (00817) up 5.34%, and China Resources Land (01109) up 3.64%. An article published in "Qiushi" magazine emphasized the need to improve and stabilize expectations in the real estate market [2]. Group 7: Baby Products - Different Group (06090) rebounded by over 34.99%. According to a report from China Merchants Securities, the company is positioned as a mid-to-high-end baby products brand with strong product development and channel expansion capabilities, targeting middle-class and high-net-worth consumers [3]. Group 8: Mining Sector - Zijin Mining (02899) rose nearly 6%, reaching a historical high. The company recently announced an annual profit forecast of 51 to 52 billion yuan, an increase of approximately 18.9 to 19.9 billion yuan compared to the previous year's profit of 32.051 billion yuan, representing a year-on-year growth of about 59% to 62% [3]. Group 9: U.S. Stock Market - The Dow Jones Industrial Average broke through 49,000 points, rising 1.3%, with major U.S. bank stocks reaching historical highs. Goldman Sachs (GS.US) rose 3.73%, JPMorgan Chase (JPM.US) rose 2.63%, and Morgan Stanley (MS.US) rose 2.55%. The U.S. ISM reported that the manufacturing PMI fell to 47.9 in December, below the expected 48.4 [4]. Group 10: Precious Metals - U.S. precious metal stocks collectively strengthened, with Hecla Mining (HL.US) up 4.56% and Barrick Gold (B.US) up 3.77%. Spot gold surged 2.5%, reclaiming the $4,400 mark, while spot silver rose 5%, surpassing $76 [4]. Group 11: AI and Technology - Datavault AI (DVLT.US) surged 42.57%, with a cumulative increase of 180% over three trading days after signing a procurement agreement with AP Global Holdings LLC for infrastructure and cybersecurity services [5]. Group 12: Bitcoin and Related Stocks - Bitcoin briefly reached the $93,000 mark, with related stocks rising, including Strategy (MSTR.US) up 4.81% and Coinbase (COIN.US) up 7.77% [6]. Group 13: Oil Sector - Oil stocks saw significant pre-market gains, with Chevron (CVX.US) up 5.1% and ConocoPhillips (COP.US) up 2.59%. Reports indicated that the U.S. had captured Venezuelan President Maduro through military action, leading to a strong performance in oil and gas services [7].

智通财经APP获悉，小鱼盈通(00139)涨超17%，截至发稿，涨17.33%，报0.176港元，成交额287.44万港 元。 此前，小鱼盈通在深圳成功举办 "破浪 × 启新程" 战略升级发布会。会上，公司全面展示了全球短剧产 业科技布局成果，完成向短剧产业的全面转型。值得关注的是，公司在会上正式上线了AIGC创作平台 "绘小鱼"，该平台实现了剧本创作、台词拟音、特效合成全流程赋能，构建起短剧产业新基建。同时， 小鱼盈通启动了新一轮 "AIGC星辉计划"，联合行业头部合作伙伴，计划共同打造全球500部AIGC微短 剧，以规模化出品引领产业升级，构筑坚实的内容生态壁垒。 消息面上，艾媒咨询数据显示，2025年中国微短剧市场规模将达677.9亿元，同比上升34.40%，预计 2030年中国网络微短剧市场规模超1500亿元。过去爽剧类单一题材曾主导市场，随着行业发展与用户审 美提升，多元创新题材涌现，品牌IP定制成为主流。华金证券认为，微短剧在垂直细分领域与品牌定制 场景的规模化变现能力或将不断增强。 ...

消息面上，艾媒咨询数据显示，2025年中国微短剧市场规模将达677.9亿元，同比上升34.40%，预计 2030年中国网络微短剧市场规模超1500亿元。过去爽剧类单一题材曾主导市场，随着行业发展与用户审 美提升，多元创新题材涌现，品牌IP定制成为主流。华金证券认为，微短剧在垂直细分领域与品牌定制 场景的规模化变现能力或将不断增强。 此前，小鱼盈通在深圳成功举办"破浪×启新程"战略升级发布会。会上，公司全面展示了全球短剧产业 科技布局成果，完成向短剧产业的全面转型。值得关注的是，公司在会上正式上线了AIGC创作平台"绘 小鱼"，该平台实现了剧本创作、台词拟音、特效合成全流程赋能，构建起短剧产业新基建。同时，小 鱼盈通启动了新一轮"AIGC星辉计划"，联合行业头部合作伙伴，计划共同打造全球500部AIGC微短 剧，以规模化出品引领产业升级，构筑坚实的内容生态壁垒。 小鱼盈通(00139)涨超17%，截至发稿，涨17.33%，报0.176港元，成交额287.44万港元。 ...

智通财经APP讯，誉帆科技(001396.SZ)发布公告，公司股票将于2025年12月30日在深圳证券交易所上 市。 ...

智通财经APP讯，誉帆科技(001396.SZ)公告，回拨后，网下最终发行数量为507.6940万股，约占扣除最 终战略配售数量后本次发行数量的22.35%;网上最终发行数量为1,764.0500万股，约占扣除最终战略配售 数量后本次发行数量的77.65%。回拨后，本次网上发行的中签率为0.0164442901%，有效申购倍数为 6,081.13815倍。 ...

Core Viewpoint - The company specializes in drainage pipeline inspection and maintenance services, with a focus on detecting and repairing pipeline defects to prevent urban flooding and pollution, and is positioned as a leading contractor in the industry [6][21][22]. Company Overview - The company was established in 2012 and is a non-state-owned enterprise based in Shanghai, with sponsorship from CITIC Securities [4][30]. - Its main business includes inspection and special investigation, repair, routine maintenance, and related equipment manufacturing for drainage pipelines [6][34]. Revenue Composition - For the first half of 2025, the revenue breakdown is as follows: - Inspection and special investigation: 9,769.26 million CNY (31.37%) - Repair services: 16,104.52 million CNY (51.71%) - Maintenance services: 3,529.75 million CNY (11.33%) - Vehicle sales: 1,224.81 million CNY (3.93%) - Material sales and others: 512.80 million CNY (1.65%) - Total revenue: 31,141.15 million CNY [5][33]. Financial Performance - The company reported the following financial data: - Revenue: 5.13 billion CNY in 2022, 6.30 billion CNY in 2023, and projected 7.30 billion CNY in 2024, with 3.11 billion CNY for the first half of 2025 - Profit: 0.73 billion CNY in 2022, 0.97 billion CNY in 2023, and projected 1.21 billion CNY in 2024, with 0.33 billion CNY for the first half of 2025 - Gross margin: 48.26% in 2022, 48.54% in 2023, and 49.29% in 2024, with 42.69% for the first half of 2025 [18][42]. Industry Situation - From 2012 to 2023, the length of urban drainage pipelines in China grew from 439,100 km to 952,500 km, with a compound annual growth rate of 7.29% [20][44]. - The overall market size for drainage pipeline maintenance in 2021 was 61.751 billion CNY, with a projected growth to over 95 billion CNY by 2025, including a pipeline inspection market size exceeding 7.1 billion CNY [20][44]. Competitive Landscape - The drainage pipeline maintenance industry is primarily dominated by general contractors, including state-owned enterprises and a few private companies, with the company being a major player in the inspection and repair segments [21][44]. - The company holds a market share of 4.8% in the drainage pipeline inspection and non-excavation repair industry, ranking first in the market [45]. Market Demand - The demand for pipeline maintenance is expected to grow as urbanization progresses, with many pipelines entering the maintenance phase after 30 years of service [22][46]. - The company has a national presence with branches in over 20 major cities, enhancing its competitive edge in the market [22][47].

Group 1 - The company, Yufan Technology, is set to launch its IPO on December 19, with an issue price of 22.29 yuan per share and a maximum subscription limit of 0.85 million shares, reflecting a price-to-earnings ratio of 19.77 times [1] - Yufan Technology is recognized as a high-tech enterprise providing smart city underground pipeline repair services, and it is classified as a national-level specialized and innovative "little giant" enterprise [1] - The company focuses on the maintenance of drainage pipelines using advanced technologies such as CCTV, robotic equipment, and non-excavation repair techniques, aiming to create a complete industrial chain in this field [1] Group 2 - According to the China Industry Research Institute, Yufan Technology is projected to achieve a market share of 4.8% in the drainage pipeline detection and non-excavation repair industry by 2024, ranking first in the market [2] - The company has a market share of approximately 2.10% in the segmented field of drainage pipeline detection, repair, and maintenance, leading the industry ahead of large general contractors and various specialized service providers [2] Group 3 - The company's projected financial performance includes revenues of approximately 513 million yuan, 630 million yuan, 730 million yuan, and 311 million yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively [3] - Corresponding net profits are expected to be 78.83 million yuan, 98.25 million yuan, 130 million yuan, and 32.61 million yuan for the same periods [3]

Company Overview - Shanghai Re · fine Environment Sci-tech Ltd. was established on December 17, 2012, with a registered capital of 80.1724 million yuan [1][16] - The company is located in Changning District, Shanghai, and is led by legal representative Zhu Jun [1][16] Main Business - The company provides high-tech services for urban underground pipeline repair, focusing on smart city solutions and has been recognized as a national-level specialized and innovative "little giant" enterprise [2][17] - It utilizes advanced technologies such as CCTV, robotic equipment, and non-excavation repair techniques to serve the drainage pipeline maintenance sector, aiming to create a complete industrial chain [2][17] - The main services and products include inspection and special investigation, repair, maintenance, and sales of vehicles and materials, covering the entire pipeline maintenance application range [2][17] Financial Performance - The company's total revenue for the years 2021 to 2024 was 500.1576 million yuan, 513.0131 million yuan, 630.2680 million yuan, and 730.1774 million yuan, respectively, with a compound annual growth rate (CAGR) of 13.44% [9][24] - Net profit for the same period was 97.5035 million yuan, 80.5182 million yuan, 100.3770 million yuan, and 127.2276 million yuan, with a CAGR of 9.27% [9][24] - The revenue growth rates were 2.57%, 22.86%, and 15.85% for the years 2022, 2023, and 2024, respectively [22][24] Industry Analysis - As of the end of 2023, the length of urban drainage pipelines in China reached approximately 952,500 kilometers, representing a year-on-year growth of 4.27% [4][19] - The construction length of urban drainage pipelines has increased from 439,100 kilometers in 2012 to 952,500 kilometers in 2023, with a CAGR of 7.29% [4][19] - The demand for inspection, repair, and maintenance of drainage pipelines is expected to grow steadily due to urbanization and the aging of existing infrastructure [5][20] Competitive Position - The company's gross profit margin was 42.69% in the first half of 2025, significantly higher than the industry average of 34.12% [7][20] - The company's liquidity ratios, including current and quick ratios, are competitive compared to peers, indicating strong financial health [21][20] - The inventory turnover rate for the company was 14.51 in the first half of 2025, showcasing efficient asset management compared to industry averages [8][20] Fundraising Purpose - The company plans to use the raised funds for enhancing urban pipeline operation and maintenance capabilities, establishing a research and development center, and supplementing working capital, with a total investment of 543.8887 million yuan [30]

智通财经APP讯，誉帆科技(001396.SZ)发布公告，公司确定本次发行价格为22.29元/股，网下发行不再 进行累计投标询价。投资者请按此价格在2025年12月19日(T日)进行网上和网下申购，申购时无需缴付 申购资金。本次网下发行申购日与网上申购日同为2025年12月19日(T日)，其中网下申购时间为09:30- 15:00，网上申购时间为09:15-11:30，13:00-15:00。 ...