Group 1 - The top three companies with the highest AH premium rates are Northeast Electric (00042) at 831.03%, Zhejiang Shibao (01057) at 339.32%, and Sinopec Oilfield Service (01033) at 323.71% [1][2] - The bottom three companies with the lowest AH premium rates are CATL (03750) at -14.62%, China Merchants Bank (03968) at -3.22%, and Hengrui Medicine (01276) at 1.77% [1][2] - Sinopec Oilfield Service (01033), Andeli Juice (02218), and Shandong Molong (00568) have the highest deviation values at 53.41%, 21.68%, and 19.01% respectively [1][2] Group 2 - The companies with the lowest deviation values include Zhejiang Shibao (01057) at -58.91%, Yangtze Optical Fibre and Cable (06869) at -49.00%, and Fudan Zhangjiang (01349) at -24.81% [1][2][4] - The top ten AH stocks by premium rate include companies like Hongye Futures (03678) and Beijing Electromechanical (00187) with premium rates of 258.91% and 257.99% respectively [2] - The bottom ten AH stocks by premium rate include Weichai Power (02338) and Midea Group (00300) with premium rates of 6.84% and 8.51% respectively [2]

Core Viewpoint - Hydrogen-related stocks are experiencing significant activity, with notable price increases observed in companies such as Yihuatong, Guofu Hydrogen Energy, and Jingcheng Electromechanical [1] Industry Summary - The National Energy Administration announced that by the end of 2025, China's renewable energy hydrogen production capacity is expected to exceed 250,000 tons per year, representing a doubling compared to the previous year [1] - During the 14th Five-Year Plan period, the National Energy Administration will collaborate with relevant departments to enhance industrial planning, increase policy support, strengthen core technology research, promote hydrogen energy pilots, establish standard certification systems, deepen international cooperation, and cultivate the future hydrogen energy industry [1] Company Summary - Companies such as Yihuatong (02402) saw a price increase of 4.11%, reaching HKD 24.8, while Guofu Hydrogen Energy (02582) rose by 3.41% to HKD 32.1, and Jingcheng Electromechanical (00187) increased by 2.46% to HKD 4.16 [1] - According to a previous report by CITIC Securities, hydrogen energy is expected to gradually enter the industrialization phase during the 14th Five-Year Plan period, driven by policy support [1]

每经AI快讯，港股部分氢能概念股活跃。截至发稿，亿华通(02402.HK)涨4.11%，报24.8港元；国富氢 能(02582.HK)涨3.41%，报32.1港元；京城机电股份(00187.HK)涨2.46%，报4.16港元。 ...

消息面上，国家能源局1月30日举行新闻发布会，国家能源局能源节约和科技装备司副司长边广琦表 示，截至2025年底，我国可再生能源制氢项目累计建成产能超25万吨/年，较上年实现翻番式增长。"十 五五"时期，国家能源局将与国家发展改革委等有关部门通力协作，强化产业规划引领，加大政策支持 力度，加强核心技术攻关，推进氢能试点，健全标准认证体系，深化国际交流合作，大力培育氢能未来 产业。 部分氢能概念股活跃，截至发稿，亿华通(02402)涨4.11%，报24.8港元；国富氢能(02582)涨3.41%，报 32.1港元；京城机电股份(00187)涨2.46%，报4.16港元。 中信证券此前研报指出，"十五五"期间，在政策推动下，氢能有望逐步迈入产业化阶段。在零碳工厂、 零碳园区的建设带动下，绿氢及氢基绿色燃料的市场规模有望逐步扩大，新的应用场景将带动绿氢产业 链和电解槽设备需求的增长，提前布局氢基绿色能源项目的投资方也有望受益产业发展前期的产品溢 价。 ...

中信证券此前研报指出，"十五五"期间，在政策推动下，氢能有望逐步迈入产业化阶段。在零碳工厂、 零碳园区的建设带动下，绿氢及氢基绿色燃料的市场规模有望逐步扩大，新的应用场景将带动绿氢产业 链和电解槽设备需求的增长，提前布局氢基绿色能源项目的投资方也有望受益产业发展前期的产品溢 价。 消息面上，国家能源局1月30日举行新闻发布会，国家能源局能源节约和科技装备司副司长边广琦表 示，截至2025年底，我国可再生能源制氢项目累计建成产能超25万吨/年，较上年实现翻番式增长。"十 五五"时期，国家能源局将与国家发展改革委等有关部门通力协作，强化产业规划引领，加大政策支持 力度，加强核心技术攻关，推进氢能试点，健全标准认证体系，深化国际交流合作，大力培育氢能未来 产业。 智通财经APP获悉，部分氢能概念股活跃，截至发稿，亿华通(02402)涨4.11%，报24.8港元；国富氢能 (02582)涨3.41%，报32.1港元；京城机电股份(00187)涨2.46%，报4.16港元。 ...

Core Viewpoint - The report highlights the AH premium rates of various stocks, indicating significant disparities between H-shares and A-shares, with some stocks showing extremely high premiums while others exhibit negative premiums [1][2]. Group 1: Top AH Premium Rates - Northeast Electric (00042) leads with an AH premium rate of 847.37%, followed by Zhejiang Shibao (01057) at 349.31% and Beijing Jingcheng Machinery Electric (00187) at 279.42% [1][2]. - The lowest AH premium rates are recorded for Contemporary Amperex Technology (03750) at -14.34%, China Merchants Bank (03968) at -4.99%, and Heng Rui Medicine (01276) at -1.15% [1][2]. Group 2: Top AH Deviation Values - Junshi Biosciences (01877) has the highest deviation value at 22.43%, followed closely by Beijing Jingcheng Machinery Electric (00187) at 22.18% and CanSino Biologics (06185) at 21.90% [1][3]. - The lowest deviation values are observed in Changfei Optical Fiber (06869) at -50.58%, Zhejiang Shibao (01057) at -45.38%, and Nanhua Futures (02691) at -27.12% [1][4]. Group 3: Detailed AH Premium and Deviation Rankings - The top ten AH stocks by premium rate include companies like Hongye Futures (03678) with a premium of 271.30% and Sinopec Oilfield Service (01033) at 248.51% [2]. - The bottom ten AH stocks by premium rate include WuXi AppTec (02359) with a slight premium of 0.42% and Midea Group (00300) at 6.75% [2]. - The top ten stocks by deviation also feature companies like Goldwind (02208) at 19.35% and Andeli Juice (02218) at 19.04% [3].

（文章来源：每日经济新闻） 每经AI快讯，京城机电股份(00187.HK)跌超4%，截至发稿跌4.4%，报4.13港元，成交额2163.85万港 元。 ...

京城机电股份(00187)跌超4%，截至发稿，跌4.4%，报4.13港元，成交额2163.85万港元。 公司本期业绩出现亏损的主要原因如下：受国际贸易摩擦加剧影响，公司气体储运板块的出口业务承压 明显，面临较大的下行压力，致使部份产品销量和利润出现下滑。与此同时，氢能等新兴业务处于行业 培育初期，市场整体规模尚未达到预期，尽管公司相关业务收入实现同比增长，但受市场竞争日趋激烈 的影响，本期盈利水平仍低于预期。此外，为增强核心竞争力，公司在新产品研发及产业链布局等方面 持续加大投入，导致本期研发费用较去年同期有所增加。 消息面上，近日，京城机电股份发布公告，经公司财务部门初步测算，预计公司2025年年度实现归属于 母公司所有者的净利润亏损约人民币4600万元到人民币5520万元，与上年同期相比，将出现亏损。预计 公司2025年年度实现归属于母公司所有者的扣除非经常性损益的净利润亏损约人民币7460万元到人民币 8950万元。 ...

智通财经APP获悉，京城机电股份(00187)跌超4%，截至发稿，跌4.4%，报4.13港元，成交额2163.85万 港元。 消息面上，近日，京城机电股份发布公告，经公司财务部门初步测算，预计公司2025年年度实现归属于 母公司所有者的净利润亏损约人民币4600万元到人民币5520万元，与上年同期相比，将出现亏损。 预 计公司2025年年度实现归属于母公司所有者的扣除非经常性损益的净利润亏损约人民币7460万元到人民 币8950万元。 公司本期业绩出现亏损的主要原因如下：受国际贸易摩擦加剧影响，公司气体储运板块的出口业务承压 明显，面临较大的下行压力，致使部份产品销量和利润出现下滑。与此同时，氢能等新兴业务处于行业 培育初期，市场整体规模尚未达到预期，尽管公司相关业务收入实现同比增长，但受市场竞争日趋激烈 的影响，本期盈利水平仍低于预期。此外，为增强核心竞争力，公司在新产品研发及产业链布局等方面 持续加大投入，导致本期研发费用较去年同期有所增加。 ...

Core Viewpoint - The report highlights the current AH premium rates of various stocks, indicating significant disparities between H-shares and A-shares, with some stocks showing extremely high premiums while others exhibit negative premiums. Group 1: Top AH Premium Rates - Northeast Electric (00042) has the highest AH premium rate at 800.00% [1] - Zhejiang Shibao (01057) follows with a premium rate of 351.95% [1] - Beijing Machinery (00187) ranks third with a premium rate of 269.91% [1] - The top ten stocks with high premium rates include companies like Hongye Futures (03678) and Sinopec Oilfield Services (01033) with premium rates of 264.44% and 263.64% respectively [2] Group 2: Bottom AH Premium Rates - Contemporary Amperex Technology (03750) has the lowest AH premium rate at -12.95% [3] - China Merchants Bank (03968) and Heng Rui Medicine (01276) follow with rates of -3.26% and -2.69% respectively [3] - Other companies in the bottom tier include Wu Chai Power (02338) and Midea Group (00300) with positive but low premiums of 7.63% and 8.11% [3] Group 3: Top Deviation Values - Andeli Juice (02218) has the highest deviation value at 28.13% [4] - Goldwind Technology (02208) and Junshi Biosciences (01877) follow with deviation values of 23.37% and 16.76% respectively [4] - Other notable companies include Beijing Machinery (00187) with a deviation value of 12.63% [4] Group 4: Bottom Deviation Values - Zhejiang Shibao (01057) has the lowest deviation value at -39.21% [5] - Northeast Electric (00042) and Yangtze Optical Fibre and Cable (06869) follow with deviation values of -38.76% and -35.09% respectively [5] - Other companies with negative deviation values include Nanhua Futures (02691) and Chenming Paper (01812) [5]