Core Insights - The top three companies by Hong Kong Stock Connect shareholding ratios are China Telecom (72.50%), Power Assets Holdings (69.68%), and GCL-Poly Energy Holdings (69.67%) [1][2] - Xiaomi Group-W, Tracker Fund of Hong Kong, and China Merchants Bank saw the largest increases in shareholding amounts over the last five trading days, with increases of +4.913 billion, +2.976 billion, and +1.548 billion respectively [1][2] - The companies with the largest decreases in shareholding amounts during the same period include WanGuo Gold Group (-3.816 billion), Tencent Holdings (-2.649 billion), and Alibaba Group-W (-1.421 billion) [1][2] Shareholding Ratios - The latest shareholding ratios for the top 20 companies in Hong Kong Stock Connect are led by: - China Telecom (100.63 billion shares, 72.50%) - Power Assets Holdings (3.72 billion shares, 69.68%) - GCL-Poly Energy Holdings (2.82 billion shares, 69.67%) [1] Recent Increases in Shareholding - The top 10 companies with the largest increases in shareholding amounts over the last five trading days are: - Xiaomi Group-W: +4.913 billion (11.647 million shares) - Tracker Fund of Hong Kong: +2.976 billion (11.551 million shares) - China Merchants Bank: +1.548 billion (3.028 million shares) [1][2] Recent Decreases in Shareholding - The top 10 companies with the largest decreases in shareholding amounts over the last five trading days are: - WanGuo Gold Group: -3.816 billion (-49.945 million shares) - Tencent Holdings: -2.649 billion (-4.403 million shares) - Alibaba Group-W: -1.421 billion (-9.435 million shares) [1][2]

Group 1 - The solar energy stocks have generally declined, with notable drops including Sunshine Energy (down 4.71%), GCL-Poly Energy (down 4.42%), and GCL-New Energy (down 2.70%) [1][2] - Citigroup's report indicates that solar product prices remain relatively stable, with cost levels providing potential support, despite a 2-3% decrease in solar glass prices due to inventory pressure and weak demand [1][2] - As of December 4, the average inventory period for solar companies has increased to 31.1 days, more than double the 15 days reported at the end of September, indicating a slowdown in demand for solar installations in China [1][2] Group 2 - Monthly demand for most components is expected to decline in December due to planned production cuts, alongside a recovery in polysilicon capacity [1][2] - Citigroup forecasts limited downside for polysilicon prices, primarily supported by cost levels [1][2] - The report expresses a more favorable outlook for inverter manufacturers, such as Sungrow Power Supply and DAYU, which are expected to benefit from high demand growth in energy storage systems [1][2] - Additionally, polysilicon manufacturers are anticipated to benefit from anti-competitive measures expected to be implemented in 2026, aimed at alleviating overcapacity [1][2]

呈交日期: 2025年12月1日 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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 凱盛新能源股份有限公司 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | A股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 395,674,963 | | 0 | | 395,674,963 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 395,674,963 | | 0 | | 395,674,963 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | ...

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of December 1, with Northeast Electric (00042) leading with a premium rate of 881.82% [1] - The article also lists the stocks with the highest and lowest deviation values, indicating significant discrepancies between their A-shares and H-shares [1] Summary of Top AH Premium Rates - Northeast Electric (00042) has the highest AH premium rate at 881.82%, followed by Hongye Futures (03678) at 274.55% and Sinopec Oilfield Service (01033) at 269.74% [1] - The top ten stocks with high premium rates include Zhejiang Shibao (01057) at 261.98% and Chenming Paper (01812) at 245.83% [1] Summary of Bottom AH Premium Rates - The stocks with the lowest AH premium rates include Ningde Times (03750) at -5.03%, China Merchants Bank (03968) at -1.36%, and Heng Rui Medicine (01276) at 1.50% [1] - Other notable mentions in the bottom list include Weichai Power (02338) at 6.45% and Midea Group (00300) at 7.66% [1] Summary of Deviation Values - The stocks with the highest deviation values are Guanghe Communication (00638) at 31.56%, Dazhong Public Utilities (01635) at 23.38%, and Beijing Jingcheng Machinery Electric (00187) at 20.11% [1] - Conversely, the stocks with the lowest deviation values include Jiangsu Ninghu Expressway (00177) at -13.73%, Junsheng Electronics (00699) at -12.81%, and China Life (02628) at -11.45% [1]

转自：中国证券报·中证网 中证报中证网讯（王珞）11月26日，以"治善致远 绿动未来"为主题的2025年金牛企业可持续发展论坛暨第三届国新杯·ESG金牛奖颁奖典礼在江苏苏州举 行。本次大会由中国证券报、中国国新控股有限责任公司主办，国新证券承办，苏州工业园区城市发展研究院全面战略支持。备受瞩目的ESG金牛奖榜单揭 晓，凯盛新能凭借在ESG领域的创新实践及优异成绩荣获"ESG乡村振兴金牛奖"。 凯盛新能荣获"ESG乡村振兴金牛奖"（图片来源：中国证券报） ESG金牛奖是中国证券报针对企业ESG表现开展的评价评奖品牌。第三届国新杯·ESG金牛奖延续了金牛奖系列评选"公开、公平、公正"的核心原则，以更严 谨、更科学的评价体系，筛选资本市场ESG实践的"领跑者"，激励更多企业投身可持续发展浪潮。本届ESG金牛奖共设置"ESG金牛奖百强""ESG卓越央企金 牛奖""ESG碳中和金牛奖""ESG科技引领金牛奖""ESG治理金牛奖""ESG乡村振兴金牛奖"及"ESG新锐金牛奖"七大奖项。 INA SECURITIES 在行业遴选和奖项设置方面，评审委员会充分借鉴中国国新ESG评价方法论与国资委研究中心课题成果，从财务重要性 ...

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 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]

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600586 | 金晶科技 | 794.16万 | 3.35% | 278.63万 | 1.18% | -1072.79万 | -4.53% | | 600876 | 凯盛新能 | -126.44万 | -2.06% | 276.29万 | 4.51% | -149.85万 | -2.44% | | 000012 | 南 玻 A | -165.80万 | -1.67% | 679.62万 | 6.85% | -513.83万 | -5.18% | | 605006 山东玻纤 | | -629.84万 | -11.41% | 46.05万 | 0.83% | 583.79万 | 10.58% | | 002201 | 九鼎新材 | -807.62万 | -3.39% | -102.96万 | -0.43% | 910.58万 | 3.83% | | 600293 | 三峡新 ...

每经AI快讯，光伏股集体走低，截至发稿，凯盛新能(01108.HK)跌3.94%，报4.15港元；新特能源 (01799.HK)跌3.14%，报8.03港元；信义能源(03868.HK)跌3.88%，报1.24港元；福莱特玻璃(06865.HK) 跌2.77%，报11.93港元；信义光能(00968.HK)跌2.72%，报3.57港元。 ...

Core Viewpoint - The solar energy stocks have collectively declined, with significant drops in share prices for various companies, indicating a challenging market environment for the sector [1] Company Performance - Kaisheng New Energy (01108) decreased by 3.94%, trading at HKD 4.15 - Xinte Energy (01799) fell by 3.14%, trading at HKD 8.03 - Xinyi Energy (03868) dropped by 3.88%, trading at HKD 1.24 - Flat Glass Group (06865) declined by 2.77%, trading at HKD 11.93 - Xinyi Solar (00968) decreased by 2.72%, trading at HKD 3.57 [1] Industry Insights - Tongwei Group's Chairman Liu Hanyuan emphasized the need for "silicon material storage" to address conceptual issues and promote self-discipline within the industry, suggesting that retaining some redundant capacity is essential to adapt to dynamic demand changes [1] - Liu believes that silicon material storage will not infringe on antitrust regulations, countering concerns regarding upstream consolidation [1] - Nomura's research report indicates that mid-term industry self-discipline could maintain high utilization rates, drive price recovery, and enhance profitability, although short-term challenges include high inventory levels and weak seasonal demand from downstream sectors [1] - The report forecasts a monthly decrease in polysilicon production by approximately 20,000 tons to 120,000 tons in November, with wafer production expected to drop by 5% to 57 GW and cell production anticipated to decline by 2% to 57 GW [1]