| 股票名称 | H股(港元) | A股 | 溢价率 | 偏离值↓ | | --- | --- | --- | --- | --- | | 长飞光纤光缆 | 46.900 | 100.92 | 157.74% | 28.93% | | (06869) | | | | | | 浙江世宝(01057) | 5.080 | 13.88 | 227.36% | 12.23% | | 红星美凯龙(01528) | 1.370 | 2.83 | 147.45% | 11.20% | | 昭衍新药(06127) | 21.600 | 35.86 | 98.84% | 9.95% | | 中远海发(02866) | 1.140 | 2.61 | 174.56% | 9.32% | | 中远海控(01919) | 11.960 | 14.38 | 43.98% | 8.57% | | 中国海洋石油 | 18.800 | 26.47 | 68.67% | 6.60% | | (00883) | | | | | | --- | --- | --- | --- | --- | | 中国人寿(02628) | 21.860 | 39. ...

致：香港交易及結算所有限公司 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9月30日 狀態: 新提交 公司名稱: 凱盛新能源股份有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01108 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 250,000,000 | RMB | | 1 RMB | | 250,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 250,000,000 | RMB | | 1 RMB | | 250,000,000 | | 2. 股份分類 | 普通股 | 股份類別 ...

凱盛新能源股份有限公司 TRIUMPH NEW ENERGY COMPANY LIMITED 1 重要提示 IMPORTANT NOTICE 本中期報告中所涉及的經營計劃、發展戰略 等前瞻性描述不構成本公司對投資者的實質 承諾，敬請投資者注意投資風險。 本報告期內，不存在對本公司生產經營構成 實質性影響的重大風險。本公司已在本中期 報告中詳細描述可能存在的相關風險，敬請 查閱本中期報告第三節「管理層討論與分析」 中「可能面對的風險」部分，該部分描述了本 公司未來發展可能面對的風險因素及對策。 The forward looking statements, including operating plan and development strategy, contained in this interim report do not constitute a real commitment to investors by the Company. Investors should be reminded of such investment risks. No IX. Whether more than ha ...

Core Viewpoint - The report highlights the AH premium rates of various companies, indicating significant discrepancies between their A-shares and H-shares, with Northeast Electric (00042) leading with a premium rate of 864.29% [1] AH Premium Rate Rankings - The top three companies with the highest AH premium rates are: - Northeast Electric (00042): 864.29% - Andeli Juice (02218): 227.40% - Hongye Futures (03678): 225.67% [1] - The bottom three companies with the lowest AH premium rates are: - Ningde Times (03750): -12.07% - Heng Rui Medicine (01276): -3.97% - Zijin Mining (02899): 4.14% [1] Deviation Value Rankings - The top three companies with the highest deviation values are: - Northeast Electric (00042): 74.37% - Changfei Optical Fiber (06869): 24.77% - Zhaoyan New Drug (06127): 22.94% [1] - The bottom three companies with the lowest deviation values are: - Longpan Technology (02465): -25.07% - Qin Port Shares (03369): -19.33% - COSCO Shipping Energy (01138): -15.04% [1] Detailed AH Stock Premium and Deviation Data - The report provides detailed tables showing the premium rates and deviation values for the top and bottom AH stocks, indicating significant variations in market perception and valuation between A-shares and H-shares [1][2]

Group 1 - The company reported a significant decline in revenue and net profit for the first half of 2025, with revenue at 1.67 billion yuan, down 44% year-on-year, and a net loss of 450 million yuan, which has worsened compared to the previous year [1] - In Q2 2025, the company experienced a revenue drop to 780 million yuan, a 49% decrease year-on-year and a 12% decrease quarter-on-quarter, with net losses also increasing [1] Group 2 - The photovoltaic glass segment is facing pressure on both volume and price, with the average selling price of 2mm photovoltaic coated glass at 12.9 yuan/sqm, down 4.0 yuan or 24% year-on-year [2] - The company's total production capacity for photovoltaic glass reached approximately 9,350 t/d, an increase of 35% year-on-year, but sales are expected to decline significantly due to intense industry competition [2] Group 3 - The company is focusing on the integration of thin-film battery assets, with a strategic plan to manage and potentially acquire stakes in various thin-film battery manufacturers, indicating a promising growth outlook [3] - The company has signed agreements to continue managing significant stakes in key subsidiaries, which positions it well within the new energy materials sector [3] Group 4 - The company is expected to see revenue growth from 5.7 billion yuan in 2025 to 6.9 billion yuan in 2027, with net profit projected to turn positive by 2026, indicating a strategic transformation towards photovoltaic glass [4] - The company aims to leverage its scale and cost advantages as new production capacities come online, supported by its affiliations with major groups in the industry [4]

Group 1 - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (00728) at 71.84%, Green Power Environmental (01330) at 69.15%, and China Shenhua (01088) at 68.07% [1] - The latest holding ratio rankings for the top 20 companies show significant ownership levels, with companies like Kaisa New Energy (01108) and COSCO Shipping Energy (01138) also exceeding 67% [1] - The recent five trading days saw Alibaba-W (09988) leading in increased holdings with a rise of 143.50 billion, followed by Yingfu Fund (02800) with an increase of 41.59 billion [1][2] Group 2 - The companies with the largest decreases in holdings over the last five trading days include Meituan-W (03690) with a reduction of 12.14 billion, Great Wall Motors (02333) with a decrease of 8.01 billion, and Xiaomi Group-W (01810) with a drop of 7.57 billion [2] - Other notable companies experiencing significant reductions in holdings include Tencent Holdings (00700) and Li Auto-W (02015), with decreases of 4.65 billion and 4.06 billion respectively [2] - The data reflects a dynamic trading environment, with substantial shifts in investor sentiment towards various companies within the Hong Kong market [2]

港股光伏股普遍上涨，其中，协鑫科技涨超3%，福莱特玻璃涨2.6%，信义玻璃涨2%，凯盛新能、福耀 玻璃涨1.5%，协合新能源、信义光能、协鑫新能源涨超1%，新特能源、卡姆丹克太阳能跟涨。 消息上，近期，光伏产业链多个环节的价格维持上涨趋势。卓创资讯发布的数据显示，9月12日，云南 市场硅片（P型M10）日度市场价格报1.2元/片，与9月11日价格持平，高于9月10日约1.03元/片的价格； 内蒙古市场多晶硅（P型致密料）日度市场价为36元/千克，与9月11日价格持平，高于9月10日的31元/ 千克。 TrendForce集邦咨询发布的数据也显示，近期光伏行业中上游多个领域价格出现明显上涨。分析 人士认为，光伏行业"反内卷"初见成效，产业链多个环节价格后续有望维持上涨态势。 责任编辑：栎树 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 03800 | 协鑫科技 | 1.300 | 3.17% | | 06865 | 福莱特玻璃 | 12.100 | 2.63% | | 00868 | 信义玻璃 | 8.920 | 2.06% | | 01108 | ...

Group 1 - The core viewpoint of the article highlights a general increase in Hong Kong's photovoltaic stocks, with several companies experiencing notable price rises [1] - GCL-Poly Energy (协鑫科技) saw a rise of over 3%, while Flat Glass Group (福莱特玻璃) and Xinyi Glass (信义玻璃) increased by 2.6% and 2% respectively [1] - The article mentions that the prices across multiple segments of the photovoltaic industry chain have maintained an upward trend recently [1] Group 2 - Data from Zhuochuang Information indicates that on September 12, the market price for silicon wafers (P-type M10) in Yunnan was reported at 1.2 yuan per piece, unchanged from September 11, but higher than the price of 1.03 yuan per piece on September 10 [1] - In Inner Mongolia, the market price for polysilicon (P-type dense material) was 36 yuan per kilogram, also stable compared to September 11, and up from 31 yuan per kilogram on September 10 [1] - TrendForce's data shows significant price increases in various upstream sectors of the photovoltaic industry, suggesting that the industry's "anti-involution" efforts are beginning to yield results [1]

资料显示，凯盛新能源股份有限公司位于河南省洛阳市西工区唐宫中路9号，成立日期1996年8月7日， 上市日期1995年10月31日，公司主营业务涉及新能源玻璃等玻璃新材料的生产和销售、技术服务。主营 业务收入构成为：新能源玻璃99.34%，其他(补充)0.66%。 凯盛新能所属申万行业为：建筑材料-玻璃玻纤-玻璃制造。所属概念板块包括：小盘、央企改革、太阳 能、光伏玻璃、特种玻璃等。 截至6月30日，凯盛新能股东户数3.04万，较上期增加0.05%；人均流通股0股，较上期增加0.00%。2025 年1月-6月，凯盛新能实现营业收入16.73亿元，同比减少43.82%；归母净利润-4.49亿元，同比减少 719.59%。 9月15日，凯盛新能盘中上涨2.41%，截至10:21，报11.05元/股，成交1896.63万元，换手率0.44%，总市 值71.35亿元。 分红方面，凯盛新能A股上市后累计派现2590.00万元。近三年，累计派现0.00元。 资金流向方面，主力资金净流入70.24万元，大单买入149.73万元，占比7.89%，卖出79.49万元，占比 4.19%。 机构持仓方面，截止2025年6月30日，凯 ...

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant disparities in market valuations 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 800.00%, followed by Hongye Futures (03678) at 227.63% and Andeli Juice (02218) at 219.28% [1][2] - Other notable mentions include Fudan Zhangjiang (01349) with a premium of 215.70% and Beijing Mechanical & Electrical (00187) at 214.38% [2] Group 2: Bottom AH Premium Rates - CATL (03750) has the lowest AH premium rate at -10.67%, followed by Hengrui Medicine (01276) at -1.72% and Zijin Mining (02899) at 4.00% [1][2] - Additional companies with low premium rates include China Merchants Bank (03968) at 5.29% and Midea Group (00300) at 6.40% [2] Group 3: Top Deviation Values - Zhaoyan New Drug (06127) shows the highest deviation value at 25.76%, followed by Ganfeng Lithium (01772) at 19.31% and Kaisheng New Energy (01108) at 18.78% [1][2] - Other companies with significant deviation values include Dongjiang Environmental (00895) at 16.43% and Tianqi Lithium (09696) at 16.34% [2] Group 4: Bottom Deviation Values - Fosun Pharma (02196) has the lowest deviation value at -21.97%, followed by Longyuan Power (00916) at -20.23% and Longpan Technology (02465) at -17.81% [1][3] - Additional companies with low deviation values include BYD Company (01211) at -15.75% and Jiangxi Copper (00358) at -15.61% [3]