9月19日午后， 港股山高控股跌幅进一步扩大，一度跌超70%，截至发稿，该股跌68.45%。 消息面上，香港证监会此前指其股权高度集中。山高控股18日晚间公告，公司股权高度集中，截至2025 年9月1日，二十名股东合共持有14.45亿股，占已发行股本的24%，再加上两名主要股东持有的41.21亿 股，占已发行股本的68.46%，合计占已发行股本的92.46%。 ...

人民财讯9月19日电，港股山高控股跌幅扩大至70%。香港证监会此前指其股权高度集中。 ...

Key Points Summary Market Performance - The Hang Seng Index closed at 26,544, down 1.35% for the day but up 32.33% year-to-date [1] - The Hang Seng Tech Index closed at 6,271, down 0.99% for the day and up 40.36% year-to-date [1] - The CSI 300 Index closed at 4,498, down 1.16% for the day and up 14.31% year-to-date [1] - The Dow Jones Index closed at 46,142, up 0.27% for the day and up 8.46% year-to-date [1] Currency and Commodity Trends - The Renminbi Index is at 96.600, up 0.58% over the last month but down 2.47% over the last six months [2] - Brent crude oil is priced at $67.76 per barrel, up 2.85% over the last month but down 0.51% over the last six months [2] - Gold is priced at $3,668.34 per ounce, up 10.05% over the last month and up 20.86% over the last six months [2] Company News - Alibaba's AliExpress has received conditional approval to form a joint venture with South Korea's Shinsegae [5][14] - Huawei plans to launch its self-developed Ascend 950PR chip in the first quarter of next year [5][16] - The China Securities Regulatory Commission reported that the shareholding of Shankai Holdings is highly concentrated, with 24% held by 20 shareholders [5][17][18] Economic Indicators - Initial jobless claims in the U.S. fell to 231,000, below expectations, indicating a strengthening labor market [5][11] - The Bank of England's interest rate remains at 4.00%, unchanged from the previous period [5][12][13] - Reports indicate that China has terminated its antitrust investigation into Android ahead of U.S.-China talks [5][15] Stock Market Movements - The Hong Kong stock market experienced significant volatility, with the Hang Seng Index reaching a four-year high before closing lower [5][6] - Semiconductor-related stocks saw gains, with Hua Hong Semiconductor rising nearly 9% [5][6] - The A-share market showed weakness, with major indices closing down over 1% [6] Upcoming Economic Data - Key economic data releases include the Eurozone consumer confidence index and U.S. manufacturing PMI [5][29]

每经AI快讯，9月19日，截至发稿，山高控股(00412.HK)跌56.75%。消息方面，香港证监会此前指其股 权高度集中，公司称能够遵守公众持股量规定。 ...

Core Viewpoint - The stock of Shango Holdings (00412.HK) has dropped nearly 57% following the Hong Kong Securities and Futures Commission's indication of high concentration of shareholding [1] Group 1 - Shango Holdings' stock price fell by 56.75% as of the report [1] - The Hong Kong Securities and Futures Commission previously highlighted the issue of high concentration in the company's shareholding [1] - The company stated that it is able to comply with public shareholding requirements [1]

Market Overview - The Hong Kong stock market opened slightly higher on September 19, with the Hang Seng Index at 26,583.03 points, up 38.18 points, a gain of 0.14% [1] - The Hang Seng Tech Index opened at 6,298.91 points, increasing by 27.69 points, a rise of 0.44% [1] Analyst Ratings and Predictions - Goldman Sachs maintains an "overweight" rating for both A-shares and H-shares, predicting potential upside of 8% and 3% respectively over the next 12 months [3] - The firm recommends investors to buy on dips, focusing on themes such as "Top Ten Private Enterprises in China," AI, anti-involution, and shareholder returns [3] - Goldman Sachs has raised its growth assumptions for Alibaba Cloud for fiscal year 2026 to 30%-32%, increasing its target price for Alibaba's U.S. stock from $163 to $179 and for its Hong Kong stock from HKD 158 to HKD 174, maintaining a buy rating [3] - Citigroup also maintains a buy rating for Tencent, setting a target price of HKD 735, anticipating that Tencent will leverage its AI capabilities to enhance core business monetization [3] Company-Specific Developments - Sunhigh Holdings (山高控股) saw its stock price drop nearly 15% in early trading [3] - The Hong Kong Securities and Futures Commission reported that as of September 1, 2025, 20 shareholders collectively held 24% of Sunhigh Holdings, along with two major shareholders holding 68.46%, totaling 92.46% of shares [5] - The stock price of Sunhigh Holdings increased by 193.6% from HKD 5.82 to HKD 17.09 between April 16, 2025, and September 1, 2025, and was at HKD 14.80 as of September 17, 2025, reflecting a 154.3% increase since April 16 [6] Sector Performance - Technology stocks showed mixed performance, with JD.com rising over 2% and Xiaomi increasing nearly 1%, while NetEase fell over 3% [6] - Chip stocks continued to rise, with Beike Micro (贝克微) gaining over 5% [6] - The innovative drug sector was active, with Xiansheng Pharmaceutical (先声药业) rising over 1% [6] - New consumption concepts mostly opened higher, with NIO (蔚来) increasing over 3% and Jinfang Pharmaceutical-B (劲方医药-B) surging over 115% on its first trading day [6]

Core Viewpoint - The announcement from the company highlights the findings of the Hong Kong Securities and Futures Commission regarding shareholder ownership and stock price performance, indicating significant price appreciation and compliance with public shareholding requirements [1] Shareholder Ownership - As of September 1, 2025, 20 shareholders collectively held 24.00% of the company's shares, along with two major shareholders holding 68.46%, totaling 92.46% of shares held by these shareholders, while the remaining 7.54% is held by other shareholders [1] Stock Price Performance - The company's stock price increased by 193.6% from HKD 5.82 to HKD 17.09 between April 16, 2025, and September 1, 2025 [1] - As of September 17, 2025, the stock price was HKD 14.80, reflecting a 154.3% increase since April 16, 2025 [1] Compliance with Listing Rules - The company's board confirmed that as of September 1, 2025, and the date of the announcement, at least 25% of the issued shares were held by the public, in accordance with the public shareholding requirements of the Stock Exchange [1]

Major Events - Jinfang Pharmaceutical-B (02595) received a subscription rate of 2662.79 times for its public offering in Hong Kong, raising approximately HKD 1.67 billion from the global offering [1] - Heng Rui Pharmaceutical (01276) announced that its SHR-1501 injection has been included in the list of proposed breakthrough therapy products [1] - Shanghai Pharmaceuticals (02607) successfully passed the consistency evaluation for the generic drug Nicorandil tablets [1] - Qutech Technology (01478) plans to sell 51.08% of its stake in India for INR 5.53 billion [1] - Boleton (01333) signed a procurement contract for energy storage system equipment with Guoxia Technology [1] - Hongye Futures (03678) shareholders Suhao Huihong and Hongye Logistics collectively reduced their holdings by 5.9482 million shares [1] - Shangu Holdings (00412) responded to concerns about concentrated shareholding, stating that the company can comply with public shareholding regulations [1] - Changfei Optical Fiber and Cable (06869) experienced unusual stock price fluctuations, with its hollow core fiber business not yet significantly impacting financial data [1] - Sanhua Intelligent Control (02050) reported abnormal trading fluctuations in A-shares, confirming no undisclosed significant matters or ongoing major planning [1] Operating Performance - China Pacific Insurance (02601) reported that its life insurance premium income for the first eight months reached CNY 217.05 billion, a year-on-year increase of 13.2% [1] - Datang Renewable (01798) completed a power generation volume of 2.1691 million MWh in August, representing a year-on-year increase of 27.5% [1]

Core Viewpoint - The announcement from the company highlights the findings of the Securities and Futures Commission (SFC) regarding the company's shareholding structure, indicating a significant concentration of ownership among a small number of shareholders [1][2]. Group 1: Shareholding Structure - As of September 1, 2025, twenty shareholders collectively held 1.445 billion shares, representing 24.00% of the issued shares [1]. - The two major shareholders own 4.121 billion shares, accounting for 68.46% of the issued shares, leading to a total of 92.46% of the shares being held by these shareholders [1]. - Only 454 million shares, or 7.54% of the issued shares, are held by other shareholders [1]. Group 2: Share Price Movement - The closing price of the shares increased by 193.6% from HKD 5.82 on April 16, 2025, to HKD 17.09 on September 1, 2025 [1]. - On September 17, 2025, the share price closed at HKD 14.80, which is 154.3% higher than the closing price of HKD 5.82 on April 16, 2025 [1]. Group 3: Compliance with Listing Rules - The company confirms that at least 25% of its issued shares are held by the public as of September 1, 2025, ensuring compliance with the public shareholding requirements of the Stock Exchange [2].

本公司董事会谨此澄清，上述资料摘录自证监会公告，且本公司并无独立核实该等资料，惟(a)山东高 速集团有限公司透过山东国际(香港)有限公司间接持有的股份，此乃基于根据证券及期货条例(香港法例 第571章)第XV部所提交的最新可得权益披露通知;及(b)上文第(i)及(ii)段所载资料除外。 根据所得资料并就董事在作出一切合理查询所知，本公司确认，于2025年9月1日及本公告日期，本公司 已发行股份至少25%乃由公众持有，本公司能够遵守联交所证券上市规则项下的公众持股量规定。 智通财经APP讯，山高控股(00412)发布公告，本公司注意到，证券及期货事务监察委员会(证监会)已于 2025年9月18日刊发公告(证监会公告)。诚如证监会公告所披露，证监会最近曾就本公司的股权分布进 行查讯。证监会的查讯结果显示，于2025年9月1日，有二十名股东合共持有本公司 14.45亿股股份(股 份)，相当于已发行股份的24.00%。有关股权连同由两名本公司主要股东持有的41.21亿股股份(占已发行 股份的68.46%)，相当于已发行股份的92.46%。因此，仅4.54亿股股份(占已发行股份的7.54%)由其他股 东持有。 诚如证监 ...