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: 中策資本控股有限公司 (「本公司」) 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 不適用 備註： 本公司並無法定股本及其股本中並無股份面值。 FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 00235 | 說明 | 普通股 | | | | | | | | 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 | | | 20,385,253,835 | | 0 | | 20,385,253,835 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 ...

近一周机构调研个股有380多只，杰瑞股份调研机构数最多。 杰瑞股份（002353）有193家机构调研，其中包括57家基金公司、48家证券公司、29家私募、13家保险公司以及16家 海外机构。 近期，公司接连拿下大订单。11月27日，杰瑞股份公众号发文，公司全资子公司杰瑞敏电能源集团（以下简称"杰瑞 敏电"）与全球AI行业巨头正式签署发电机组销售合同，合同金额超1亿美元。12月2日，公司公众号再度发文，杰瑞 敏电再度与另一北美客户签署超亿美元发电机组销售合同。 对于公司为何能在短时间内快速切入数据中心发电业务领域，杰瑞股份表示，公司的发电设备能够满足数据中心、石 油天然气开发、工业发电等领域对于发电设备可靠性、响应速度、运行灵活性以及稳定性等方面的高标准要求。 此外，公司深耕北美市场及燃气轮机发电业务领域多年，在此之前已成功实现燃气轮机发电机组设备在北美市场的销 售及租赁，建立了良好的品牌口碑。 同时，公司依托在燃气发电、智能控制与复杂系统集成领域多年的技术积累与工程实践，打造综合能源解决方案，所 提供的发电设备具备快速运输、现场拼装与灵活扩容的特点，能够有效应对项目周期紧、空间受限等现实挑战，为电 力业务开展 ...

Group 1 - The core point of the article highlights that Jerry Holdings (杰瑞股份) has attracted significant institutional interest, with 193 institutions conducting research on the company, including 57 fund companies and 48 securities firms [1][9] - Jerry Holdings has secured major contracts recently, including a sales contract for generator sets worth over $100 million with a global AI industry giant and another similar contract with a North American client [1] - The company attributes its rapid entry into the data center power generation business to the reliability, responsiveness, and flexibility of its power generation equipment, which meets high standards in various sectors [1][2] Group 2 - The company has built a global supply chain system and established stable partnerships with gas turbine manufacturers like Siemens and Baker Hughes, ensuring reliable product delivery [2] - Following the positive news, Jerry Holdings' stock price has reached historical highs, with a weekly increase of over 26% [4] - Other companies such as Yihua (怡合达), Yingstone Network (萤石网络), and Hotgen Biotech (热景生物) have also attracted significant institutional research interest, with over 100 institutions each [5][6]

Group 1: Market Overview - During the week of December 1 to December 5, 223 listed companies received institutional research, with only 30% of the stocks under research achieving positive returns [1] - Notable stock performances included Hai Xin Food rising nearly 32%, and companies like Tongyu Communication, Jereh, and Kexiang rising over 20% [1] Group 2: Jereh Group - Jereh Group remained the most researched company, with 176 institutions participating in its December 2 research, resulting in a cumulative increase of 26.40% in its stock price [2][10] - The company signed a sales contract for power generation units worth over $100 million with a global AI industry giant, marking a strategic upgrade in the North American market [4][12] - Jereh's management indicated plans to continue focusing on data centers, industrial energy, and new power systems, emphasizing technological innovation and product iteration [4][12] Group 3: Tianhua New Energy - Tianhua New Energy hosted 76 institutional research sessions, with a focus on its lithium battery materials business, which accounts for over 90% of its revenue [5][13] - The company is set to have CATL as a strategic investor, acquiring 13.54% of its shares, which is expected to enhance operational stability and governance [5][13] - Tianhua's lithium salt production capacity currently stands at 16.5 million tons per year, with plans to expand to 25-26 million tons based on market demand [6][14] Group 4: Three Gorges Tourism - Three Gorges Tourism received attention from 60 institutions regarding its inter-provincial cruise project, with the first two self-built cruise ships expected to be operational by mid-2026 [7][15] - The company reported a low debt ratio of 18.81% as of Q3 2025, indicating strong financial health and no immediate plans for equity financing [15] Group 5: Dajin Heavy Industry - Dajin Heavy Industry welcomed 58 institutions for research, highlighting advancements in shipbuilding and overseas business expansion [8][17] - The company introduced the III-type ship, a multifunctional transport vessel, and secured a contract worth approximately 1.339 billion yuan for a project with a leading European energy company [8][16] - Dajin plans to deepen its presence in the European offshore wind market, focusing on assembly manufacturing and local service provision [9][17]

Core Insights - Jerry Group recently secured a sales contract for generator sets in North America, exceeding $100 million, highlighting its global competitiveness [3] - The company has established a strong reputation in the North American market and gas turbine power generation sector, which has facilitated its entry into the data center power generation business [3] - The company emphasizes its integrated solutions in three key areas: data centers, industrial energy, and new power systems, aiming for innovation and efficient collaboration from energy production to power supply [4] Research Activity Overview - The investor relations activity was conducted via a conference call on December 2, 2025, with participation from over 100 renowned institutions, including Morgan Stanley, Goldman Sachs, and various asset management companies [2] - The event focused on the company's recent orders and strategic layout in the power generation business [1] Business Outlook - The company plans to deepen its focus on three major tracks: data centers, industrial energy, and new power systems, leveraging technological innovation and product iteration [4] - The integrated solutions will include power equipment supply, intelligent operation control, and lifecycle maintenance support, enhancing reliable power support capabilities [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: 中策資本控股有限公司 (「本公司」) 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 不適用 備註： 本公司並無法定股本及其股本中並無股份面值。 FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 00235 | 說明 | 普通股 | | | | | | | | 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 | | | 20,385,253,835 | | 0 | | 20,385,253,835 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 ...

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，並明確表示不會就本公佈全部或任何部 份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。 CSC HOLDINGS LIMITED 中策資本控股有限公司 （於香港註冊成立之有限公司） （股份代號：235） 補充公佈 須予披露交易 認購ACCX LIMITED之股份 謹此提述中策資本控股有限公司（「本公司」）日期為二零二五年九月二十五日之公 佈，內容有關認購目標股份（「該公佈」）。除文義另有指明者外，本公佈所用之詞 彙與該公佈所界定者具有相同涵義。 董事會謹此向股東及潛在投資者提供有關交易的進一步資料如下： 股份認購協議之主要條款之進一步資料 目標股份之權利 除普通股之權利外，可換股優先股的持有人亦有權隨時按1:1的比例將其股份轉換 為普通股。每股可換股優先股附帶慣常的(i)反攤薄保障；(ii)清盤優先權；及(iii) 股息優先權。鑑於目標股份附帶的優先權及對未來集資或其他相關股份發行的反 攤薄保障可保障本公司的持股百分比，本公司認為可換股優先股之條款屬公平及 合理，並符合本公司及股東整體的利益。 ...

Core Insights - S.F. Holding's 3Q25 results slightly missed expectations, with revenue increasing by 8% YoY to Rmb78.40 billion, while net profit attributable to shareholders decreased by 9% YoY to Rmb2.57 billion, indicating temporary profit pressure due to operational strategy adjustments [1] Group 1: Financial Performance - Revenue growth was driven by a 33% YoY increase in parcel volume, significantly outpacing the broader market's 14% growth [1] - Recurring attributable net profit fell 14% YoY to Rmb2.23 billion, with a recurring profit margin of 2.8%, down 0.7ppt YoY [1] - Asset-related expenses decreased by 3% YoY to approximately Rmb6.7 billion, while free cash flow reached about Rmb12.7 billion [2] Group 2: Strategic Developments - The firm's strategy of improving business operations is expected to enhance revenue growth, with express logistics revenue growing by 12% YoY [1] - The increase in total share buyback from Rmb0.5–1 billion to Rmb1.5–3 billion reflects the firm's confidence in long-term growth and commitment to shareholder returns [2] Group 3: Future Outlook - Revenue forecasts for 2025 and 2026 have been raised by 3% to Rmb315.5 billion and Rmb344.8 billion, respectively, due to anticipated benefits from operational improvements [3] - Earnings forecasts for 2025 and 2026 have been reduced by 7% and 6% to Rmb10.9 billion and Rmb12.8 billion, respectively, due to rising labor costs [3] - The target price remains unchanged, with H-shares trading at 16x 2026e P/E, implying a 30% upside potential [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: 中策資本控股有限公司 (「本公司」) 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 不適用 備註： 本公司並無法定股本及其股本中並無股份面值。 FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 00235 | 說明 | 普通股 | | | | | | | | 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 | | | 20,385,253,835 | | 0 | | 20,385,253,835 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 ...

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: 中策資本控股有限公司 (「本公司」) 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 不適用 備註： 本公司並無法定股本及其股本中並無股份面值。 FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 00235 | 說明 | 普通股 | | | | | | | | 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 | | | 20,385,253,835 | | 0 | | 20,385,253,835 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 ...