Key Points - Significant capital inflow was observed in Southbound Stock Connect for companies such as Southern Port American Technology (03442), Longpan Technology (02465), and others, with changes in five-day holding ratios of 25.15%, 5.72%, and 2.90% respectively [1][2] - Conversely, companies like Dazhong Public Utilities (01635) and Yihua Tong (02402) experienced notable capital outflows, with five-day holding ratio changes of -2.73% and -1.87% respectively [1][2] Inflow Summary - Southern Port American Technology (03442) saw a net inflow of 21.340 million with a five-day holding ratio change of 25.15% [2] - Longpan Technology (02465) recorded a net inflow of 91.901 million and a holding ratio change of 5.72% [2] - Anshuo Hang Seng Technology (03067) had a net inflow of 467.614 million with a holding ratio change of 2.90% [2] - Southern East Select (03441) and Guanghe Tong (00638) also experienced inflows with changes of 1.47% and 1.35% respectively [2] Outflow Summary - Dazhong Public Utilities (01635) faced a net outflow of -31.905 million with a holding ratio change of -2.73% [2] - Yihua Tong (02402) had a net outflow of -22.864 million and a holding ratio change of -1.87% [2] - Southern Hang Seng Technology (03033) recorded a net outflow of 1848.298 million despite a holding ratio change of -1.46% [2] - Shandong Molong (00568) and Changfei Optical Fiber Cable (06869) also saw outflows with changes of -1.34% and -1.14% respectively [2]

智通财经APP获悉，香港联交所最新数据显示，11月24日，广发基金减持广和通(00638)27.12万股，每 股作价16.5162港元，总金额约为447.92万港元。减持后最新持股数目约为1210.48万股，持股比例为 8.96%。 ...

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 - Guanghe Tong (00638) experienced a significant stock price increase, rising over 14% in early trading, attributed to Huawei's entry into the smart companionship market with the launch of its first chat robot, "Smart Hanhai" [1] Company Developments - Huawei's Executive Director, Yu Chengdong, announced the launch of the "Smart Hanhai" robot priced at 399 yuan, set to officially go on sale on November 28 [1] - Guanghe Tong has established a strategic partnership with Luobo Intelligent, aiming to empower Luobo's AI nurturing toy, Fuzozo, to enhance mobile social and emotional companionship for Generation Z users [1] Industry Insights - According to Zheshang Securities, Guanghe Tong possesses mature solutions in the AI toy sector, offering communication modules, MagiCore chip box solutions, and complete products tailored to customer needs [1] - The Cat1+SDK cloud calling module solution has achieved mass production and delivery in the first half of the year, while the MagiCore chip box solution has been upgraded to its second generation, showing improvements in noise reduction, latency, power consumption, and interaction experience [1] - The company has established close collaborations with numerous downstream clients in the AI toy sector, indicating potential for continued benefits from product volume opportunities in the future [1]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant discrepancies between H-shares and A-shares [1][2][3] Group 1: Top AH Premium Rates - Northeast Electric (00042) leads with an AH premium rate of 831.03%, followed by Sinopec Oilfield Service (01033) at 267.57% and Hongye Futures (03678) at 266.67% [1][2] - Other notable stocks with high premium rates include Zhejiang Shibao (01057) at 263.21% and Fudan Zhangjiang (01349) at 237.83% [2] Group 2: Bottom AH Premium Rates - The stocks with the lowest AH premium rates include Ningde Times (03750) at -4.42%, China Merchants Bank (03968) at -1.39%, and Hengrui Medicine (01276) at 1.55% [1][2] - Additional stocks with low premium rates are WuXi AppTec (02359) at 5.00% and Weichai Power (02338) at 6.47% [2] Group 3: Top Deviation Values - The highest deviation values are seen in China Shipbuilding Defense (00317) at 27.44%, Shandong Xinhua Pharmaceutical (00719) at 22.88%, and Guanghetong (00638) at 22.39% [1][3] - Other stocks with significant deviation values include Nanjing Panda Electronics (00553) at 16.09% and Vanke Enterprises (02202) at 15.80% [3] Group 4: Bottom Deviation Values - Northeast Electric (00042) has the lowest deviation value at -25.74%, followed by Longpan Technology (02465) at -16.99% and Air China (00753) at -13.49% [1][3] - Additional stocks with low deviation values include Jiangsu Ninghu Expressway (00177) at -12.27% and China Life (02628) at -11.52% [3]

1、港股通最新日占比增持榜（前20名） 智通财经APP获悉，根据2025年11月25日披露数据，大眾公用（01635）、三花智控（02050）、广和通 （00638）港股通持股占比增加值最大，分别增加1.25%、0.87%、0.82%；万国黄金集团（03939）、恆 生中国企业（02828）、盈富基金（02800）港股通持股占比减少值最大，分别减 少-8.53%、-3.60%、-3.54%。 在最近有统计数据的5个交易日内，国富氢能（02582）、龙蟠科技（02465）、长飞光纤光缆（06869） 港股通持股占比增加值最大，分别增加7.76%、3.80%、2.71%；万国黄金集团（03939）、丘鈦科技 （01478）、康龙化成（03759）港股通持股占比减少值最大，分别减少-8.29%、-2.27%、-2.18%。 具体数据如下（交易所数据根据T+2日结算）： | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 万国黄金集团(03939) | -8.29% | 2.84% | | 丘鈦科技(01478) | -2.27% | 7.57% | | 康龙化成(0375 ...

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 831.03% and Ningde Times (03750) at -4.55% [1][2][3] Premium Rate Rankings - The top three AH share premium rates are: - Northeast Electric (00042): 831.03% - Hongye Futures (03678): 270.00% - Sinopec Oilfield Service (01033): 268.92% [1][2] - The bottom three AH share premium rates are: - Ningde Times (03750): -4.55% - China Merchants Bank (03968): -1.71% - Heng Rui Medicine (01276): 3.65% [1][3] Deviation Value Rankings - The top three stocks with the highest deviation values are: - China Shipbuilding Defense (00317): 53.01% - Guanghetong (00638): 25.36% - GAC Group (02238): 22.12% [1][4] - The bottom three stocks with the lowest deviation values are: - Longpan Technology (02465): -31.76% - Northeast Electric (00042): -23.74% - Ganfeng Lithium (01772): -14.15% [1][5]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant discrepancies between H-shares and A-shares [1][2][3] Group 1: Top AH Premium Rates - Northeast Electric (00042) leads with a premium rate of 847.37%, followed by Sinopec Oilfield Service (01033) at 270.27% and Hongye Futures (03678) at 269.94% [1][2] - Zhejiang Shibao (01057) and Fudan Zhangjiang (01349) also show high premium rates of 263.16% and 250.00% respectively [2] Group 2: Bottom AH Premium Rates - The lowest premium rates are observed in CATL (03750) at -4.68%, China Merchants Bank (03968) at -1.05%, and Heng Rui Medicine (01276) at 4.32% [1][2] - Other companies like WuXi AppTec (02359) and Midea Group (00300) also show modest premium rates of 5.49% and 5.97% respectively [2] Group 3: Top AH Deviation Values - Guanghe Tong (00638) has the highest deviation value at 32.28%, followed by Beijing Jingcheng Machinery Electric (00187) at 21.40% and Fudan Zhangjiang (01349) at 17.42% [1][3] - Nanjing Panda Electronics (00553) also shows a significant deviation value of 17.34% [3] Group 4: Bottom AH Deviation Values - The lowest deviation values are recorded for Zhongwei New Materials (02579) at -23.92%, Longpan Technology (02465) at -15.25%, and Anhui Wanshan Expressway (00995) at -12.36% [1][3] - Other companies like Ganfeng Lithium (01772) and China Life (02628) also show negative deviation values of -11.85% and -9.94% respectively [3]

Summary of Key Points Core Viewpoint - As of November 21, 14 stocks reached their 52-week highs, with Hengfa Optical (01134), Chaowei Holdings (08059), and Cassava Resources (00841) leading the gains at 42.11%, 30.56%, and 22.49% respectively [1]. 52-Week Highs - Hengfa Optical (01134) closed at 0.375, with a peak price of 0.540, marking a 42.11% increase [1]. - Chaowei Holdings (08059) closed at 0.030, reaching a high of 0.047, reflecting a 30.56% rise [1]. - Cassava Resources (00841) closed at 0.200, with a maximum price of 0.207, indicating a 22.49% increase [1]. - Other notable stocks include Sibor Systems (08319) at 15.04%, MOS HOUSE (01653) at 11.46%, and Tianjin Jianfa (02515) at 5.19% [1]. 52-Week Lows - China Pengfei Group (03348) reached a low of 1.100, down 20.09% from its peak [1]. - China Information Technology (08178) closed at 0.285, reflecting a 19.35% decrease [1]. - XL Ernan Strategy - U (09799) saw a decline of 14.27% [1]. - Other significant declines include Hesai - W (02525) at -10.54% and MBC Bitcoin - U (03425) at -9.09% [1]. Additional Notable Stocks - Stocks like MBC Bitcoin (03430) and Tongyuan Kang Pharmaceutical - B (02410) also experienced declines of 6.64% and 6.62% respectively [2]. - The overall trend indicates a mix of significant gains in certain stocks while others are facing substantial losses, reflecting a volatile market environment [1][2].

Core Viewpoint - Guanghe Tong (00638) has seen a significant decline in stock price, reaching a new low since its listing, following its inclusion in the Hong Kong Stock Connect program, with a cumulative drop of over 20% since November 17 [1] Financial Performance - For the first three quarters of 2025, Guanghe Tong reported a revenue of 5.366 billion yuan, a year-on-year decrease of 13.69%. Excluding the impact of the wireless communication module business from Ruilin, the revenue from continuing operations grew by 7.32% [1] - The net profit attributable to shareholders was 316 million yuan, down 51.50% year-on-year. Excluding the impact of the Ruilin business, the net profit from continuing operations decreased by 2.19% [1] Business Development - Guanghe Tong is actively cultivating new growth areas in edge AI and robotics. In the AI toy sector, the company offers mature solutions, including communication modules, MagiCore chip box solutions, and complete products tailored to customer needs [1] - In the AR glasses segment, the company is accelerating large-scale implementation in collaboration with leading clients [1] - The robotics business includes two main directions: lawn mowing robots and embodied intelligent robots [1]