Core Viewpoint - The photovoltaic stocks have collectively risen, with significant increases observed across various companies, indicating a positive market sentiment in the solar energy sector [1]. Company Performance - Xinte Energy (01799) saw a price increase of 8.49%, reaching 8.560, with a trading volume of 236.99 million and a market capitalization of 12.241 billion [2]. - GCL-Poly Energy (03800) increased by 5.30% to 1.390, with a trading volume of 530 million and a market capitalization of 42.409 billion [2]. - GCL-New Energy (00451) rose by 4.41% to 0.710, with a trading volume of 549,400 and a market capitalization of 1.104 billion [2]. - Sunshine Energy (00757) increased by 4.08% to 0.102, with a trading volume of 16,400 and a market capitalization of 0.339 billion [2]. - Xinyi Solar (00968) saw a 2.73% increase to 3.760, with a trading volume of 10.1 million and a market capitalization of 34.393 billion [2]. - Other companies such as Kaisheng New Energy (01108), Xinyi Energy (03868), and Fuchai Glass (06865) also reported positive price movements ranging from 1.28% to 2.14% [2]. Industry Developments - According to a report by Shanghai Securities News, GCL Group's chairman, Zhu Gongshan, mentioned that 17 leading companies in the photovoltaic sector have signed agreements for joint capacity storage [2]. - Shenwan Hongyuan released a research report stating that polysilicon is a key focus for combating industry competition, and the establishment of a joint platform will accelerate supply-side reforms in polysilicon [2]. - The report also indicated that the ongoing efforts to combat competition are leading to noticeable recovery in industry prices and profitability, with expectations for price increases starting in Q3 2025 under a "not below cost sales" pricing regulation [2].

Group 1 - Hong Kong solar stocks experienced a significant rise, with New Special Energy leading the increase by over 8%, followed by GCL-Poly Energy with over 6% and Sunshine Energy, GCL New Energy with over 4% [1] - Sunshine Power's Q3 earnings exceeded expectations, reporting a net profit of 4.147 billion yuan, a year-on-year increase of 57.04% [1] - Ganfeng Lithium turned a profit in the first three quarters compared to the previous year, while TCL Zhonghuan reported a significant reduction in losses both year-on-year and quarter-on-quarter [1] Group 2 - The "14th Five-Year Plan" emphasizes the development of new energy storage and the establishment of market and pricing mechanisms suitable for the new energy system, which supports not only solar installations but also addresses the issue of renewable energy consumption [1] - The plan highlights the need for coal power transformation, development of pumped storage and new energy storage, and acceleration of smart grid construction, benefiting related industries such as energy storage and grid equipment [1] - Chinese manufacturers have a significant cost advantage in overseas markets due to the scale of energy storage cell and battery system production, allowing them to win large projects at lower Levelized Cost of Energy (LCOE) [1] Group 3 - According to the CESA Energy Storage Application Association database, the total scale of new overseas orders/cooperation for Chinese energy storage from January to September 2025 reached 214.7 GWh, a year-on-year increase of 131.75% [1]

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 918.87% and Ningde Times (03750) at -17.09% [1][2] Summary by Category Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 918.87% with a deviation value of 109.61% [2] - Hongye Futures (03678) follows with a premium rate of 246.28% and a deviation value of 16.95% [2] - Zhejiang Shibao (01057) ranks third with a premium rate of 241.04% and a deviation value of 19.03% [2] Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -17.09% with a deviation value of -2.80% [2] - Heng Rui Pharmaceutical (01276) has a premium rate of -1.38% and a deviation value of 1.69% [2] - China Merchants Bank (03968) has a premium rate of 0.51% with a deviation value of -4.32% [2] Top AH Share Deviation Values - Northeast Electric (00042) leads with a deviation value of 109.61% [2] - Changfei Optical Fiber (06869) has a deviation value of 31.51% [2] - Shandong Molong (00568) follows with a deviation value of 26.68% [2] Bottom AH Share Deviation Values - Shanghai Electric (02727) has the lowest deviation value at -25.42% [3] - China National Foreign Trade Transportation Group (00598) has a deviation value of -16.00% [3] - COSCO Shipping Energy Transportation (01138) has a deviation value of -14.18% [3]

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的內 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分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 承董事會命 凱盛新能源股份有限公司 謝 軍 董事長 （前稱「LUOYANG GLASS COMPANY LIMITED洛陽玻璃股份有限公司」） （在中華人民共和國註冊成立之股份有限公司） （股份編號：01108） 董事會會議通知 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條 刊 發。 凱 盛 新 能 源 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 十 月 三 十 日（星 期 四）召 開 董 事 會 會 議，以 審 議 並 酌 情 批 准（其 中 包 括）本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 九 月 三 十 日 止 九 個 月 的 未 經 審 計 的 業 績。 中國‧洛陽 二零二五年十月十七日 於 本 公 告 日 期，董 事 ...

Core Viewpoint - The company, Kai Sheng New Energy (01108.HK), announced that it will hold a board meeting on October 30, 2025, to review and potentially approve the unaudited performance results for the nine months ending September 30, 2025 [1] Summary by Category - **Company Announcement** - The board meeting is scheduled for October 30, 2025, to discuss the unaudited financial results [1] - The performance results will cover the period ending September 30, 2025 [1] - **Financial Reporting** - The results to be reviewed are for the company and its subsidiaries [1]

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的內 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分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （前稱「LUOYANG GLASS COMPANY LIMITED洛陽玻璃股份有限公司」） （在中華人民共和國註冊成立之股份有限公司） （股份編號：01108） 凱 盛 新 能 源 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 十 月 三 十 日（星 期 四）召 開 董 事 會 會 議，以 審 議 並 酌 情 批 准（其 中 包 括）本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 九 月 三 十 日 止 九 個 月 的 未 經 審 計 的 業 績。 承董事會命 凱盛新能源股份有限公司 謝 軍 董事會會議通知 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條 刊 發。 中國‧洛陽 二零二五年十月十七日 於 本 公 告 日 期，董 事 會 包 ...

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are Green Power Environmental (70.05%), China Telecom (69.96%), and COSCO Shipping Energy (68.73%) [1][2] - The companies with the largest increase in holding amounts over the last five trading days are Zijin Mining (+1 billion), Kuaishou (+0.981 billion), and Pop Mart (+0.624 billion) [1][2] - The companies with the largest decrease in holding amounts over the last five trading days are SMIC (-2.258 billion), Hua Hong Semiconductor (-1.222 billion), and Alibaba (-0.714 billion) [1][4] Hong Kong Stock Connect Holding Ratios - Green Power Environmental (01330) has a holding of 283 million shares, representing 70.05% [2] - China Telecom (00728) has a holding of 9.711 billion shares, representing 69.96% [2] - COSCO Shipping Energy (01138) has a holding of 891 million shares, representing 68.73% [2] - Other notable companies include Changfei Optical Fiber (06869) at 68.48% and China Shenhua (01088) at 67.25% [2] Recent Increases in Holdings - Zijin Mining (02899) saw an increase of 1 billion in holding amount, with a change of 29.19 million shares [2][4] - Kuaishou (01024) experienced an increase of 0.981 billion, with a change of 12.19 million shares [2][4] - Pop Mart (09992) had an increase of 0.624 billion, with a change of 2.39 million shares [2][4] Recent Decreases in Holdings - SMIC (00981) had a decrease of 2.258 billion in holding amount, with a change of 28.18 million shares [4] - Hua Hong Semiconductor (01347) saw a decrease of 1.222 billion, with a change of 13.86 million shares [4] - Alibaba (09988) experienced a decrease of 0.714 billion, with a change of 4.39 million shares [4]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 9, with Northeast Electric (00042) leading at a premium of 743.75% [1][2]. AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042): 743.75% - Andeli Juice (02218): 235.25% - Zhejiang Shibao (01057): 227.36% [1][2] - The bottom three stocks with the lowest AH premium rates are: - Contemporary Amperex Technology (03750): -16.12% - Heng Rui Medicine (01276): -2.39% - China Merchants Bank (03968): 3.49% [1][2] Deviation Values - The stocks with the highest deviation values are: - Changfei Optical Fiber (06869): 28.93% - Zhejiang Shibao (01057): 12.23% - Red Star Macalline (01528): 11.20% [1][2] - The stocks with the lowest deviation values are: - Northeast Electric (00042): -72.24% - Shanghai Electric (02727): -54.73% - Dazhong Public Utilities (01635): -29.80% [1][2]

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 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $500 million, representing a 20% growth compared to the previous period[14]. - Operating revenue for the reporting period (January-June) was ¥1,673,393,688.48, a decrease of 43.82% compared to ¥2,978,823,318.67 in the same period last year[23]. - Total profit for the reporting period was -¥503,384,113.63, compared to -¥69,733,769.81 in the same period last year, indicating a significant loss[23]. - Net profit attributable to shareholders of the Company was -¥448,984,121.51, a substantial increase in loss from -¥54,781,826.93 in the previous year[23]. - The company's operating revenue for the first half of 2025 was RMB 1.673 billion, a year-on-year decrease of 43.8%[35]. - The net loss attributable to shareholders increased to RMB 449 million during the reporting period[35]. - Total comprehensive income for the first half of 2025 was RMB -503,290,501.81, compared to RMB -47,988,135.24 in the same period of 2024[176]. Market and Growth Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% based on current market trends[14]. - New product launches are expected to contribute an additional $50 million in revenue, with a focus on innovative technologies[14]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next year[14]. - The cumulative installed capacity of photovoltaic power in China surpassed 1000 GW, entering the terawatt era[30]. - New photovoltaic installations in China exceeded 200 GW in the first half of 2025, representing a year-on-year increase of 107%[30]. Strategic Initiatives - A strategic acquisition of a smaller competitor was completed, expected to enhance the company's product offerings and increase market competitiveness[14]. - The company completed the acquisition of 74.60% equity in Jiangsu Kaisheng, which has an annual production capacity of 1.5 million tons of photovoltaic component ultra-thin packaging materials[34]. - The company plans to start construction of a new 2000t/d photovoltaic component ultra-thin packaging materials project in the second half of the year[34]. - The Company aims to increase the proportion of large-tonnage production capacity to approximately 70%[34]. Financial Position and Assets - Total assets increased to ¥13,630,832,349.93, representing a growth of 10.77% from ¥12,305,210,394.10 at the end of last year[23]. - Net assets attributable to shareholders of the Company decreased to ¥3,568,237,025.38, down 11.18% from ¥4,017,221,146.89 at the end of the previous year[23]. - The company's total monetary funds at the end of the reporting period amounted to RMB 3,180,666.39[61]. - The total book value of the company's assets at the end of the reporting period was RMB 409,997,389.76[61]. Cash Flow and Financing - Net cash flow from operating activities was -¥744,824,029.69, a drastic decline from -¥18,666,750.36 in the same period last year, reflecting a 3,890.11% increase in cash outflow[23]. - The Company achieved a net cash flow from financing activities of RMB 983.13 million, an increase of 188.37% compared to the previous year[48]. - Total cash inflows from financing activities reached ¥2,240,306,030.38 in the first half of 2025, compared to ¥1,167,683,229.98 in the first half of 2024, indicating a growth of about 91.8%[182]. Research and Development - Research and development expenses increased by 30%, reflecting the company's commitment to innovation and new technology[14]. - Research and development expenses decreased to RMB 66,853,874.80 from RMB 115,510,391.60, a reduction of 42.2% year-over-year[175]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which could impact future performance[14]. - The photovoltaic glass market experienced insufficient demand, leading to a year-on-year decrease in both selling prices and sales volume during the reporting period[50]. - The photovoltaic industry faces cyclical risks influenced by global installation volumes, with potential supply-demand imbalances leading to increased competition and risk fluctuations[80]. Corporate Governance - The financial statements in this interim report are unaudited, with a commitment to transparency and accuracy in reporting[14]. - The Company strictly complies with the Corporate Governance Code and regularly reviews its practices to ensure compliance[116]. - The Company has ceased to establish a supervisory committee, with its functions now exercised by the Audit and Risk Committee of the Board, effective from June 27, 2025[110]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 33,059[151]. - The top shareholder, HKSCC Nominees Limited, held 248,238,789 shares, representing 24.82% of the total shares[153]. - The Company does not plan to distribute profits or convert capital reserves into share capital during the reporting period, with a bonus share and cash dividend of 0 for every 10 shares[111].