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].

Core Viewpoint - The company, China Shipbuilding Defense (中船防务), is recognized globally for its dominance in the small box ship segment, holding the world's largest order backlog in this category [1] Group 1: Company Overview - The company is well-known for its small box ships, maintaining a leading position in global customer orders [1] - The customer base primarily consists of shipping companies located in Europe (Northern, Central, and Southern), Asia (Middle East, Southeast Asia, Northeast Asia, and Taiwan), Africa (Egypt), and North America (Mexico) [1]

FF301 致：香港交易及結算所有限公司 公司名稱: 中船海洋與防務裝備股份有限公司 呈交日期: 2025年12月1日 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 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600685 | 說明 | 於上交所上市之A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 | | | 821,435,181 | | 0 | | 821,435,181 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 821,435,181 | | 0 | | 821,435,181 | I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所 ...

Market Overview - The marine equipment sector experienced a decline of 0.25% on December 1, with China Shipbuilding Defense leading the losses [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Stock Performance - Key stocks in the marine equipment sector showed mixed performance, with HaiLanXin (300065) increasing by 1.90% to a closing price of 17.67, while China Shipbuilding Defense (600685) decreased by 1.64% to 29.37 [1] - The trading volume and turnover for major stocks varied, with Tianhai Defense (300008) having a significant turnover of 1.628 billion [1] Capital Flow - The marine equipment sector saw a net outflow of 595 million from institutional investors, while retail investors contributed a net inflow of 636 million [1] - Detailed capital flow data indicates that several stocks, including China Shipbuilding (600150) and Asia Star Anchor Chain (601890), experienced substantial net outflows from both institutional and retail investors [2]

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年11月30日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00317 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 592,071,197 | RMB | | 1 RMB | | 592,071,197 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | 本月底結存 | | | 592,071,197 | RMB | | 1 RMB | | 592,071,197 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- ...

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of December 1, with Northeast Electric (00042) leading with a premium rate of 881.82% [1] - The article also lists the stocks with the highest and lowest deviation values, indicating significant discrepancies between their A-shares and H-shares [1] Summary of Top AH Premium Rates - Northeast Electric (00042) has the highest AH premium rate at 881.82%, followed by Hongye Futures (03678) at 274.55% and Sinopec Oilfield Service (01033) at 269.74% [1] - The top ten stocks with high premium rates include Zhejiang Shibao (01057) at 261.98% and Chenming Paper (01812) at 245.83% [1] Summary of Bottom AH Premium Rates - The stocks with the lowest AH premium rates include Ningde Times (03750) at -5.03%, China Merchants Bank (03968) at -1.36%, and Heng Rui Medicine (01276) at 1.50% [1] - Other notable mentions in the bottom list include Weichai Power (02338) at 6.45% and Midea Group (00300) at 7.66% [1] Summary of Deviation Values - The stocks with the highest deviation values are Guanghe Communication (00638) at 31.56%, Dazhong Public Utilities (01635) at 23.38%, and Beijing Jingcheng Machinery Electric (00187) at 20.11% [1] - Conversely, the stocks with the lowest deviation values include Jiangsu Ninghu Expressway (00177) at -13.73%, Junsheng Electronics (00699) at -12.81%, and China Life (02628) at -11.45% [1]

Core Insights - The article highlights the top and bottom AH share premium rates as of November 28, with Northeast Electric (00042) leading at 864.29% and CATL (03750) at -5.29% [1][2][3] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has the highest premium rate of 864.29%, with H-share priced at HKD 0.280 and A-share at CNY 2.25 [2] - Hongye Futures (03678) follows with a premium rate of 270.78%, H-share at HKD 3.320 and A-share at CNY 10.28 [2] - Sinopec Oilfield Service (01033) ranks third with a premium rate of 268.92%, H-share at HKD 0.740 and A-share at CNY 2.28 [2] Group 2: Bottom AH Share Premium Rates - CATL (03750) has the lowest premium rate at -5.29%, with H-share priced at HKD 472.000 and A-share at CNY 373.2 [3] - China Merchants Bank (03968) has a premium rate of -1.61%, H-share at HKD 52.300 and A-share at CNY 42.96 [3] - Heng Rui Medicine (01276) shows a premium rate of 0.75%, H-share at HKD 73.800 and A-share at CNY 62.07 [3] Group 3: Top AH Share Deviation Values - Guanghe Tong (00638) has the highest deviation value at 23.08%, with a premium rate of 95.88% [4] - Dazhong Public Utilities (01635) follows with a deviation value of 22.85% and a premium rate of 130.91% [4] - Shandong Xinhua Pharmaceutical (00719) ranks third with a deviation value of 20.46% and a premium rate of 197.76% [4] Group 4: Bottom AH Share Deviation Values - GAC Group (02238) has the lowest deviation value at -15.57%, with a premium rate of 167.63% [5] - China Southern Airlines (01055) shows a deviation value of -12.01% and a premium rate of 54.08% [5] - Jiangsu Ninghu Highway (00177) has a deviation value of -10.78% with a premium rate of 55.94% [5]

Core Viewpoint - China Shipbuilding Defense experienced a decline in stock price, with a notable net outflow of funds, despite a year-to-date increase in stock value [1][2]. Financial Performance - For the period from January to September 2025, China Shipbuilding Defense reported a revenue of 14.315 billion yuan, reflecting a year-on-year growth of 12.83%, and a net profit attributable to shareholders of 655 million yuan, marking a significant increase of 249.84% [2]. - The company has cumulatively distributed 1.763 billion yuan in dividends since its A-share listing, with 259 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 28, the stock price was 29.43 yuan per share, with a trading volume of 829 million yuan and a turnover rate of 3.37%, resulting in a total market capitalization of 41.599 billion yuan [1]. - The stock has increased by 24.97% year-to-date, but has seen a decline of 2.03% in the last five trading days [1]. Shareholder Composition - As of September 30, 2025, the number of shareholders decreased to 75,900, with an average of 0 circulating shares per person [2]. - The top ten circulating shareholders include notable funds such as the Fortune China Securities Military Industry Leader ETF and Changxin National Defense Military Industry Quantitative Mixed A, with varying changes in their holdings [3].

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of November 27, with Northeast Electric (00042) leading with a premium rate of 864.29% [1] - The article also lists the stocks with the highest and lowest deviation values, indicating significant discrepancies between A-shares and H-shares [1] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042): 864.29% - Hongye Futures (03678): 269.82% - Sinopec Oilfield Service (01033): 264.86% [1] - The bottom three stocks with the lowest AH premium rates are: - Ningde Times (03750): -5.40% - China Merchants Bank (03968): -1.65% - Heng Rui Medicine (01276): -0.38% [1] Deviation Value Rankings - The stocks with the highest deviation values are: - Vanke Enterprises (02202): 30.48% - Dazhong Public Utilities (01635): 24.57% - Shandong Xinhua Pharmaceutical (00719): 22.88% [1] - The stocks with the lowest deviation values are: - Sairis (09927): -17.06% - China National Airlines (00753): -13.21% - China Life (02628): -13.18% [1] Additional Insights - The article provides detailed tables showing the premium rates and deviation values for the top and bottom AH stocks, indicating market trends and potential investment opportunities [2]

Core Viewpoint - The company emphasizes the importance of market value maintenance and aims to enhance operational performance while actively engaging with investors to improve market understanding of its value [1] Group 1 - The company is committed to maintaining its market value through various initiatives, including performance briefings and investor meetings [1] - The company aims to enhance investor relations and increase recognition of its value in the market [1] - The company's stock price is influenced by multiple external factors beyond its control [1]