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告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 Tiangong International Company Limited （於開曼群島註冊成立之有限公司） （股份代號：826） 海 外 監 管 公 告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而作出。 茲載列江蘇天工科技股份有限公司（「天工股份」）（本公司之附屬公司）於北京証券 交易所網站刊登日期為二零二五年十二月二十九日的「申萬宏源證券承銷保薦有限責任 公司關於江蘇天工科技股份有限公司使用募集資金置換已預先通過銀行承兌匯票等方 式支付的募投專案資金的核查意見」，僅供參閱。 承董事會命 主席 朱小坤 香港，二零二五年十二月二十九日 於本公告日期，本公司董事為： 執行董事：朱小坤、朱澤峰、吳鎖軍及蔣光清 獨立非執行董事：李卓然、王雪松及秦珂 * 僅供識別 天 工 國 際 有 限 公 司 * 申万宏源证券承销保荐有限责任公司 关于江苏天工科技股份有限公司 使用募集资金置换已预 ...

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告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 Tiangong International Company Limited 天 工 國 際 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：826） 海 外 監 管 公 告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而作出。 茲載列江蘇天工科技股份有限公司（「天工股份」）（本公司之附屬公司）於北京証券 交易所網站刊登日期為二零二五年十二月二十九日的「第四屆董事會第十七次會議決議 公告」，僅供參閱。 承董事會命 主席 朱小坤 香港，二零二五年十二月二十九日 於本公告日期，本公司董事為： 執行董事：朱小坤、朱澤峰、吳鎖軍及蔣光清 獨立非執行董事：李卓然、王雪松及秦珂 * 僅供識別 证券代码:920068 证券简称:天工股份 公告编号: 2025-127 江苏天工科技股份有限公司 第四届董事会第十七次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整 ...

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Core Insights - Tencent Holdings (00700), Alibaba-W (09988), and Hong Kong Exchanges (00388) led the market in net inflows, with amounts of 1.115 billion, 1.055 billion, and 309 million respectively [1] - China Mobile (00941), Luoyang Molybdenum (03993), and CICC (03908) experienced the highest net outflows, with amounts of -1.053 billion, -184 million, and -181 million respectively [1] - In terms of net inflow ratios, China Telecom Services (00552), Yihua Tong (02402), and Sunshine Insurance (06963) topped the list with ratios of 167.31%, 126.18%, and 118.17% respectively [1] Net Inflow Rankings - Tencent Holdings (00700) had a net inflow of 1.115 billion, representing a 13.09% increase, closing at 614.500 [2] - Alibaba-W (09988) saw a net inflow of 1.055 billion, with a 12.23% increase, closing at 146.400 [2] - Hong Kong Exchanges (00388) recorded a net inflow of 309 million, with a 24.77% increase, closing at 407.000 [2] Net Outflow Rankings - China Mobile (00941) faced a net outflow of -1.053 billion, a decrease of -54.21%, closing at 83.700 [2] - Luoyang Molybdenum (03993) had a net outflow of -184 million, down by -29.82%, closing at 19.100 [2] - CICC (03908) experienced a net outflow of -181 million, a decrease of -30.22%, closing at 20.540 [2] Net Inflow Ratio Rankings - China Telecom Services (00552) achieved a net inflow ratio of 167.31%, with a net inflow of 26.5926 million, closing at 4.520 [3] - Yihua Tong (02402) had a net inflow ratio of 126.18%, with a net inflow of 26.5481 million, closing at 23.980 [3] - Sunshine Insurance (06963) recorded a net inflow ratio of 118.17%, with a net inflow of 31.5558 million, closing at 3.940 [3]

Market Overview - Hong Kong stocks rose by 0.17% on Christmas Eve, while A-shares showed strong performance as funds remained cautious ahead of the holiday [1] - The U.S. GDP for Q3 grew at an annualized rate of 4.3%, exceeding expectations and marking the fastest growth since Q3 2023, driven by strong consumer spending and a rebound in exports [1] - The U.S. plans to impose tariffs on semiconductor products imported from China, effective June 2027, as a response to China's ambitions in the chip industry [1] Semiconductor Industry - Semiconductor companies, including SMIC, have announced price increases of around 10% for 8-inch BCD process platforms due to high demand for power chips in AI servers [2] - TSMC is consolidating its 8-inch capacity and plans to shut down some production lines by the end of 2027, contributing to price increase expectations [2] - Companies like Samsung and SK Hynix have raised HBM3E prices by nearly 20% due to increased orders from major tech firms [3] Rare Resources and Nickel Market - The Indonesian Nickel Mining Association reported a significant reduction in nickel production targets for 2026, aiming to prevent further price declines, which has led to a rise in nickel-related stocks [3] - Companies such as LDK Resources and Xinjiang Xinjin Mining saw stock increases of nearly 9% following the news of reduced production targets [3] Dairy Industry - Domestic dairy processing capacity is expanding as imported dairy product price advantages diminish, benefiting upstream dairy farms [4] - Companies like Yurun Agriculture and Modern Dairy experienced stock increases of nearly 7% due to this trend [4] Robotics and Automation - Cloud Deep Technology has submitted an IPO application and holds a significant market share in the quadruped robot sector [5] - SUTENG announced advancements in robotic technology, showcasing capabilities in high-precision visual perception and flexible mechanical arm control [5] Currency and Paper Industry - The offshore RMB reached a high of 7.0129 against the USD, enhancing purchasing power for raw materials in the paper industry [7] - Companies like Nine Dragons Paper and Lee & Man Paper are expected to benefit from reduced procurement costs due to the strengthened RMB [7] Company Highlights - Tiangong International has achieved significant breakthroughs in high-end materials, positioning itself as a leader in the global tool steel market [8] - The company is focusing on import substitution in high-end materials, which is expected to drive future revenue growth [8] - The company is also advancing in high-nitrogen steel for humanoid robots, collaborating with domestic firms to enhance its product offerings [9]

Core Viewpoint - The "Golden Award" annual outstanding company selection by Gelonghui highlights ten companies recognized for their investment value in the small and mid-cap category, emphasizing their revenue and net profit growth, as well as their overall business capabilities [1][2]. Group 1: Award Winners - Ten companies received the "Annual Investment Value Award (Small and Mid-Cap)" including: - Baiao Family Interaction (02100.HK) - Honghua Smart Energy (01083.HK) - Guichuang Tongqiao (02190.HK) - Laikai Pharmaceutical-B (02105.HK) - Longpan Technology (603906.SH/02465.HK) - Shoucheng Holdings (00697.HK) - Tiangong International (00826.HK) - Tuhu-W (09690.HK) - Yaoshibang (09885.HK) - Youran Agriculture (09858.HK) - The ranking is in alphabetical order and does not imply any priority [1]. Group 2: Evaluation Criteria - The award focuses on evaluating listed companies based on revenue and net profit growth, considering factors such as company size, business model, management capability, and innovation ability [1]. - The selection process involved quantitative data analysis and an expert review panel to determine the final results [1]. Group 3: Event Purpose - Gelonghui aims to create a reference value ranking for listed companies and unicorns with a global perspective on investing in China, covering all listed companies on major exchanges including HKEX, SSE, SZSE, NYSE, and NASDAQ [2].

Group 1 - The core purpose of the new steel export policy is to reduce illegal operations such as "buying orders" and "proxy exports," thereby increasing compliance costs and traceability for steel exports [1][2] - The steel export volume reached 107.7 million tons by November 2025, a year-on-year increase of 6.7%, but the average export price fell by over 10%, indicating a shift from quantity expansion to quality improvement in exports [2][3] - The new policy is expected to lead to a decline in steel export volume in 2026, as low-priced and low-quality products are likely to exit the market, improving the competitive landscape and profitability of steel exports [3] Group 2 - The new export policy signifies the government's focus on addressing the issue of export "involution," with expectations for differentiated management of production and tightening of capacity replacement to phase out inefficient capacity [4] - The steel sector is anticipated to experience a transformation in supply dynamics, with a positive outlook for the industry in 2026 [4] - Key investment recommendations include Hualing Steel (000932) and Tiangong International (00826) [5]

天工国际港股市值82.02亿港元，在钢铁行业中排名第1。主要指标见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 机构评级详情见下表： 天工国际(00826.HK)发布公告，本公司的附属公司江苏天工科技股份有限公司(天工股份)聘任张祺先生 为公司证券事务代表，任职期限至第四届董事会任期届满之日止，自2025年12月12日起生效。该人员持 有公司股份0股，占公司股本的0%，不是失信联合惩戒对象。 截至2025年12月12日收盘，天工国际(00826.HK)报收于3.15港元，上涨4.65%，成交量1898.6万股，成交 额5887.44万港元。投行对该股的评级以买入为主，近90天内共有3家投行给出买入评级，近90天的目标 均价为4.38港元。东吴证券最新一份研报给予天工国际买入评级。 ...

天工国际(00826)发布公告，本公司的附属公司江苏天工科技股份有限公司(天工股份)聘任张祺先生为公 司证券事务代表，任职期限至第四届董事会任期届满之日止，自2025年12月12日起生效。该人员持有公 司股份0股，占公司股本的0%，不是失信联合惩戒对象。 ...

智通财经APP讯，天工国际(00826)发布公告，本公司的附属公司江苏天工科技股份有限公司(天工股份) 聘任张祺先生为公司证券事务代表，任职期限至第四届董事会任期届满之日止，自2025年12月12日起生 效。该人员持有公司股份0股，占公司股本的0%，不是失信联合惩戒对象。 ...