Core Viewpoint - The report highlights the current premium rates of AH shares, with Northeast Electric, Zhejiang Shibao, and Junda Co. leading in premium rates, while CATL, Hengrui Medicine, and China Merchants Bank are at the bottom of the list [1][2]. Premium Rate Rankings - Northeast Electric (00042) has a premium rate of 815.25%, followed by Zhejiang Shibao (01057) at 378.67% and Junda Co. (02865) at 342.63% [2]. - The lowest premium rates are recorded for CATL (03750) at -13.79%, Hengrui Medicine (01276) at -2.52%, and China Merchants Bank (03968) at -2.22% [1][2]. Deviation Values - Junda Co. (02865) has the highest deviation value at 104.89%, followed by Goldwind Technology (02208) at 23.62% and Guanghetong (00638) at 20.17% [1][2]. - The lowest deviation values are for Northeast Electric (00042) at -35.64%, Chenming Paper (01812) at -16.87%, and China Life (02628) at -15.34% [1][4]. Additional Insights - The report includes a detailed table of the top ten and bottom ten AH stocks based on premium rates and deviation values, providing a comprehensive overview of the current market situation [2][3][4].

Group 1 - Zhejiang Shibao (SZ002703) hit the daily limit down on January 16, 2026, with a price of 23.25 yuan, a decline of 9.99%, and a total market capitalization of 19.126 billion yuan [1] - The company has completed only 18.55% of its intelligent steering system project, with two projects delayed by one year, which may impact future business development and profit expectations [2] - Inventory increased by 5.4% year-on-year, and the inventory turnover rate has decreased, indicating operational management issues [2] Group 2 - The automotive parts sector is significantly affected by industry competition and technological updates, which may impact Zhejiang Shibao's market share and performance if the automotive industry slows down [2] - Market sentiment and funding flows are crucial; recent historical highs in stock prices may lead to profit-taking, putting pressure on stock prices [2] - If the automotive parts concept loses market focus, funds may flow out of the sector, leading to a decline in stock prices [2]

Group 1 - The core viewpoint of the news is that Zhejiang Shibao has shown significant financial performance with a notable increase in revenue and net profit, while also experiencing high levels of financing and margin trading activity [1][2]. Group 2 - As of January 15, Zhejiang Shibao's stock price decreased by 0.62%, with a trading volume of 3.51 billion yuan. The financing buy-in amount was 349 million yuan, while the financing repayment was 350 million yuan, resulting in a net financing outflow of 1.41 million yuan [1]. - The total margin trading balance for Zhejiang Shibao reached 657 million yuan, accounting for 4.20% of its market capitalization, which is above the 90th percentile level over the past year [1]. - On the short selling side, 24,700 shares were repaid on January 15, with no shares sold short, leading to a short selling balance of 33,580 yuan, also exceeding the 90th percentile level over the past year [1]. Group 3 - For the period from January to September 2025, Zhejiang Shibao achieved operating revenue of 2.462 billion yuan, representing a year-on-year growth of 35.44%. The net profit attributable to shareholders was 150 million yuan, reflecting a year-on-year increase of 33.66% [2]. - The company has distributed a total of 209 million yuan in dividends since its A-share listing, with 69.36 million yuan distributed over the past three years [2]. - As of September 30, 2025, the number of shareholders for Zhejiang Shibao was 66,600, a decrease of 15.11% from the previous period [2].

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 785.25% and China Merchants Bank (03968) at an undisclosed rate [1][2]. Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 785.25% with a deviation value of -79.73% [1][2]. - Zhejiang Shibao (01057) follows with a premium rate of 414.81% and a deviation value of 55.09% [1][2]. - Junda Co., Ltd. (02865) ranks third with a premium rate of 306.91% and a deviation value of 91.03% [1][2]. Group 2: Bottom AH Share Premium Rates - China Merchants Bank (03968) has an undisclosed premium rate and a deviation value of 1.92% [2]. - Contemporary Amperex Technology Co., Ltd. (Ningde Times) (03750) shows a premium rate of -13.07% with a deviation value of -2.35% [2]. - Heng Rui Medicine (01276) has a premium rate of -2.62% and a deviation value of -3.51% [2]. Group 3: Deviation Values - Junda Co., Ltd. (02865) leads in deviation value at 91.03% [1][2]. - Goldwind Technology (02208) has a deviation value of 80.58% [1][2]. - Nanjing Panda Electronics (00553) follows with a deviation value of 61.61% [1][2].

Core Viewpoint - Zhejiang Shibao (002703) saw a significant increase of over 7%, currently trading at 6.24 HKD with a transaction volume of 221 million HKD, driven by the announcement of the "Mosu Zhixing" action plan for advanced autonomous driving in Shanghai [1] Group 1: Policy Developments - The Shanghai Municipal Economic and Information Commission, along with other authorities, released an action plan aimed at accelerating the transformation of autonomous driving technology into industrial competitiveness [1] - The action plan outlines three main areas with nine key tasks, including promoting the application of driverless equipment, enhancing autonomous driving data monitoring platforms, and expanding open areas for autonomous driving [1] Group 2: Industry Progress - Significant advancements in high-level autonomous driving were noted at the end of last year, marking a substantial step towards the commercialization of L3/L4 levels [1] - The Ministry of Industry and Information Technology in China conditionally approved the first batch of L3 level autonomous driving mass production vehicles, while Tesla's Model Y Robotaxi was observed operating unsupervised in Austin, USA [1] - Nvidia recently launched an autonomous driving model platform, indicating ongoing progress in the Robotaxi industry [1] Group 3: Future Outlook - According to Guosen Securities, the combination of policy support, technological advancements, and cost catalysts is expected to lead to a pivotal moment for L4 autonomous driving in 2026 [1]

Core Viewpoint - Zhejiang Shibao (01057) saw a significant increase of over 7%, currently trading at 6.24 HKD with a transaction volume of 221 million HKD, following the release of a new action plan for advanced autonomous driving in Shanghai [1] Group 1: Industry Developments - The Shanghai Municipal Economic and Information Commission, along with other authorities, issued the "Mosu Zhixing" action plan aimed at promoting the innovation of autonomous driving technology and its transformation into industrial competitiveness [1] - The action plan outlines nine key tasks across three main areas, including the orderly promotion of autonomous driving equipment application, the establishment of a data monitoring platform, and the expansion of open areas for autonomous driving [1] - Significant advancements in high-level autonomous driving were noted at the end of last year, with both China and the U.S. making strides towards the commercialization of L3/L4 autonomous vehicles [1] Group 2: Future Projections - The Ministry of Industry and Information Technology in China is set to conditionally approve the first batch of L3 level autonomous vehicles by December 15, 2025, indicating a move towards mass production [1] - In the U.S., Tesla's Model Y Robotaxi has begun operating with unsupervised Full Self-Driving (FSD) capabilities on the streets of Austin [1] - According to Guosen Securities, the combination of policy support, technological advancements, and cost reductions is expected to catalyze the L4 autonomous driving market, with 2026 anticipated to be a pivotal year [1]

Group 1 - The smart driving concept has seen a significant rise, with companies like Suoling Co., Ltd. hitting the daily limit up [1] - Weidi Co., Ltd. and Jinjiang Online also reached the daily limit up, indicating strong market interest [1] - Other companies such as Wanjitech, Zhejiang Sebao, and Luchang Technology experienced notable price increases [1]

Core Insights - The article highlights the top and bottom AH share premium rates as of January 14, with Northeast Electric (00042) leading at a premium rate of 785.25% and Ningde Times (03750) at the bottom with -12.40% [1][2]. Premium Rate Rankings - The top three AH shares by premium rate are: - Northeast Electric (00042) with a premium rate of 785.25% and a deviation value of -83.55% [2]. - Zhejiang Shibao (01057) with a premium rate of 462.65% and a deviation value of 109.56% [2]. - Junda Co., Ltd. (02865) with a premium rate of 315.07% and a deviation value of 103.82% [2]. - The bottom three AH shares by premium rate are: - Ningde Times (03750) with a premium rate of -12.40% and a deviation value of -1.93% [2]. - Heng Rui Medicine (01276) with a premium rate of -3.68% and a deviation value of -4.76% [2]. - China Merchants Bank (03968) with a premium rate of 1.84% and a deviation value of 3.83% [2]. Deviation Value Rankings - The top three AH shares by deviation value are: - Goldwind Technology (02208) with a deviation value of 110.02% [3]. - Zhejiang Shibao (01057) with a deviation value of 109.56% [3]. - Junda Co., Ltd. (02865) with a deviation value of 103.82% [3]. - The bottom three AH shares by deviation value are: - Northeast Electric (00042) with a deviation value of -83.55% [3]. - Morning Paper Industry (01812) with a deviation value of -36.42% [3]. - Nanhua Futures Co., Ltd. (02691) with a deviation value of -26.10% [3].

Group 1 - Barclays PLC increased its stake in Zhejiang Shibao (01057) by 1.878 million shares at a price of HKD 5.657 per share, totaling approximately HKD 10.6238 million [1] - After the increase, Barclays' total shareholding in Zhejiang Shibao reached 11.57 million shares, representing a holding percentage of 5.34% [1]

Group 1 - The core point of the article is that Zhejiang Shibao (002703) has indicated that the mass supply of its rear-wheel steering system has been delayed due to adjustments in the customer's timeline [1] Group 2 - The company responded to investor inquiries on an interactive platform regarding the status of its rear-wheel steering product [1]