智通财经APP获悉，港股恒生指数涨0.75%，涨197点，报26578点；恒生科技指数涨1.03%。港股早盘成 交1218亿港元。 今日盘后正式进入MSCI中国指数，小马智行-W(02026)涨6.78%，禾赛-W(02525)涨超4%。MSCI此前公 布了其2026年2月的指数季度调整结果。此次调整中，MSCI中国指数新纳入37只股票、包括小马智行、 商汤、禾赛等，此次调整将于2月27日收盘后生效。 钧达股份(02865)涨超21%，机构看好太空光伏打造新增长空间。 周大福创建(00659)绩后跌超3%，中期纯利同比增超15%，派息28港仙同比增加约3%。 国富量子(00290)再涨超5%，近七个交易日股价累涨四成，公司有望下月入通。 鹰普精密(01286)涨超5%再创上市新高，年初至今股价累计涨超七成。 云知声(09678)涨7.65%，推出 Unisound U1-OCR文档智能基础大模型。 国富氢能(02582)再涨2%，公司参与国家级核聚变研究平台低温系统项目。 亚博科技控股(08279)再涨超7%，节后累涨近140%，携手港金所开发国际贵金属交易平台。 新鸿基地产（00016）涨7%，基础溢利增1 ...

鹰普精密（01286）盘中涨超6%，高见8.60港元，创上市新高，年初至今股价累计涨超70%。截至发 稿，股价上涨5.96%，报8.54港元，成交额3465.20万港元。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 客户端 鹰普精密（01286）盘中涨超6%，高见8.60港元，创上市新高，年初至今股价累计涨超70%。截至发 稿，股价上涨5.96%，报8.54港元，成交额3465.20万港元。 MSCI此前公布的2026年2月的指数季度调整结果将于2月27日收盘后生效，其中，MSCI全球小盘股指数 于中国香港地区纳入鹰普精密等。 兴业证券此前研报指出，公司产品用于大马力发动机、工程机械、农业机械、休闲娱乐船舶、乘用车、 商用车、航空、能源、医疗等多个行业，整体需求稳中向上，其中大马力发动机、机器人等细分场景景 气度高并具备较高利润率。AIDC拉升大马力发动机需求，公司为卡特彼勒、康明斯等提供大马力发动 机的砂型铸件缸体。 责任编辑：卢昱君 MSCI此前公布的2026年2月的指数季度调整结果将于2月27日收盘后生效，其中，MSCI全球小盘股指数 于中国香港地区纳入鹰普精密等。 兴业证券此前研 ...

消息面上，MSCI此前公布的2026年2月的指数季度调整结果将于2月27日收盘后生效，其中，MSCI全球 小盘股指数于中国香港地区纳入鹰普精密等。兴业证券此前研报指出，公司产品用于大马力发动机、工 程机械、农业机械、休闲娱乐船舶、乘用车、商用车、航空、能源、医疗等多个行业，整体需求稳中向 上，其中大马力发动机、机器人等细分场景景气度高并具备较高利润率。AIDC拉升大马力发动机需 求，公司为卡特彼勒、康明斯等提供大马力发动机的砂型铸件缸体。 鹰普精密(01286)涨超6%，高见8.57港元创上市新高，年初至今股价累计涨超七成。截至发稿，涨 6.33%，报8.57港元，成交额2702.47万港元。 ...

消息面上，MSCI此前公布的2026年2月的指数季度调整结果将于2月27日收盘后生效，其中，MSCI全球 小盘股指数于中国香港地区纳入鹰普精密等。兴业证券此前研报指出，公司产品用于大马力发动机、工 程机械、农业机械、休闲娱乐船舶、乘用车、商用车、航空、能源、医疗等多个行业，整体需求稳中向 上，其中大马力发动机、机器人等细分场景景气度高并具备较高利润率。AIDC拉升大马力发动机需 求，公司为卡特彼勒、康明斯等提供大马力发动机的砂型铸件缸体。 鹰普精密(01286)涨超6%，高见8.57港元创上市新高，年初至今股价累计涨超七成。截至发稿，涨 6.33%，报8.57港元，成交额2702.47万港元。 ...

格隆汇2月24日丨鹰普精密(01286.HK)宣布，公司将于2026年3月10日(星期二)举行董事会会议，藉以考 虑及批准公司及其附属公司截至2025年12月31日止年度的全年业绩及其发布；考虑宣布派发2025年第二 次中期股息(如有)；及处理任何其他事项。 ...

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，概不就因本公告全部 或任何部分內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 董事會會議通告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條作出。 鷹普精密工業有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零 二六年三月十日（ 星期二 ）舉行董事會會議，藉以： 承董事會命 IMPRO PRECISION INDUSTRIES LIMITED 鷹 普 精 密 工 業 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1286） 公司秘書 葉滙榮 香港，二零二六年二月二十四日 於本公告日期，董事會包括四名執行董事，即陸瑞博先生、余躍鵬先生、朱力微 女士及王東先生，以及三名獨立非執行董事，即嚴震銘博士、李小明先生及周駱 美琪女士。 1. 考慮及批准本公司及其附屬公司截至二零二五年十二月三十一日止年度的全 年業績及其發佈； 2. 考慮宣布派發二零二五年第二次中期股息（ 如有 ）； ...

Group 1 - MSCI announced its quarterly index adjustments for February 2026, effective after the market close on February 27 [2][3] - The MSCI Global Small Cap Index will include 21 new stocks from the China region, such as Anjuke Food (603345), AutoHome (ATHM.US), and Baiaosaitu (02315) [2][3] - The adjustments also include the addition of stocks from Hong Kong, such as Champion REIT (02778) and Longjiang Life Science Technology (00755) [3][4] Group 2 - Stocks removed from the MSCI Global Small Cap Index include Yasheng Service (03319), BOE Technology Group (00710), and Chaince Digital (CD.US) [2][3] - In Hong Kong, stocks like Cafe de Coral (00341) and SuperX AI (SUPX.US) were also removed from the index [4]

Summary of Key Points from Conference Call Records Industry Overview - The focus is on the power generation sector, particularly related to turbine blades and gas turbines, which are identified as critical bottlenecks in overseas power generation [1][2]. Company Highlights - **AIDC Power Sector Update**: The performance of foreign enterprises has been comprehensively reviewed, resulting in a summary of "overall exceeding expectations + overall upward revision of expectations." GEV has publicly raised its guidance twice in two months [1]. - **Key Companies Recommended**: Five companies are core recommendations based on the marginal changes in the economic conditions in Europe and the U.S., which reflect on the domestic supply chain [1]. Specific Companies Mentioned - **应流股份 (Yingliu Co.)**: Recognized as a leading company in turbine blades with an order backlog of 3 billion. It has established strategic partnerships with major players like Baker Hughes and Siemens, and is a core supplier for GE Aviation [2]. - **万泽股份 (Wanze Co.)**: Identified as a secondary leader in turbine blades, recently becoming a new supplier for Siemens in modified turbine blades. It has signed long-term contracts in the Middle East and is a core supplier for domestic commercial turbine blades [2]. - **杰瑞股份 (Jereh Co.)**: Since November, the company has secured four major AIDC power generation orders from the three largest North American clients, totaling 500 million USD, indicating a strong positioning with key customer resources [4]. - **联德股份 (Liande Co.) & 鹰普精密 (Eagle Precision)**: These companies are core suppliers of cylinder blocks and cylinder heads for Caterpillar, which is expanding production in the engine sector [2]. Market Dynamics - The manufacturing sector in Europe and the U.S. is experiencing low inventory replenishment, coupled with a resonance from AI in power generation, leading to significant marginal changes in economic conditions [1]. - Caterpillar has recently received a 2GW internal combustion engine order, indicating a growing demand in the internal combustion and modified turbine sectors [2][3]. Additional Insights - The turbine blade segment is highlighted as having the highest technical barriers and value, emphasizing its importance in the power generation supply chain [2]. - The expansion of Caterpillar is expected to generate considerable incremental orders, reflecting a positive outlook for the industry [3].

Summary of Conference Call Notes Industry Overview - The report focuses on the North American electricity shortage, driven by the non-linear growth of AI power demand and aging power grid infrastructure [1] - The demand side sees a surge in AIDC projects in the U.S., leading to a significant increase in electricity demand [1] - On the supply side, while total supply is expected to meet short-term demand by 2025, long-term challenges include a decline in stable supply and regional electricity shortages [1] Key Points Supply Challenges - **Decline in Stable Supply**: The aging power grid leads to frequent outages, failing to meet AIDC's requirement for 100% reliable power. The upcoming retirement peak of coal power plants and the instability of wind and solar energy further exacerbate the situation. Only natural gas can currently fill the gap [1][2] - **Regional Electricity Shortages**: By 2024, over 50% of data centers are expected to be located in Texas, California, and Virginia, putting significant pressure on regional power supplies. The fragmented nature of the U.S. power grid and poor interconnections have led to emergency controls due to power imbalances [1] Future Projections - NERC forecasts an average peak gap of over 20 GW in the U.S. from 2027 to 2030, with Texas, the Mid-Atlantic, the Midwest, and California facing significant risks. The DOE predicts an average peak gap of 20-40 GW by 2030 [1] Technology Solutions - **Gas Turbines**: Considered the optimal solution for AIDC self-built power, with efficiency exceeding 60% and the lowest cost per kWh. The global installation of gas turbines is accelerating, with major manufacturers like GE, Siemens, and Mitsubishi Heavy Industries having orders scheduled until 2029 [2] - **Gas Internal Combustion Engines**: Slightly lower efficiency than gas turbines but offer rapid deployment. Leading company Wärtsilä saw a 111% year-on-year increase in new orders for Q1-Q3 2025, with deliveries extending to 2028 [2] - **Solid Oxide Fuel Cells (SOFC)**: High efficiency but currently in early commercialization stages, making it less viable in the short term due to cost and capacity constraints [2] - **Diesel Generators**: Optimal for backup power due to quick start-up capabilities, with Cummins reporting a revenue growth of approximately 20% year-on-year for related products in Q1-Q3 2025 [2] Investment Recommendations - Investment opportunities are expanding from gas turbines to gas internal combustion engines and SOFCs, as the current electricity shortage in North America exceeds the total production capacity of various technologies [3] - **Gas Turbines**: Recommended companies include Jerry Holdings, Yingliu Co., Dongfang Electric, Linde Co., and Haomai Technology [3] - **Gas Internal Combustion Engines**: Focus on Linde Co., with additional attention to Weichai Power and Eagle Precision [3] - **SOFC**: Suggested to monitor Weichai Power [3] - **Diesel Generators**: Recommended companies include Linde Co., with additional focus on KOTAI Power, Weichai Power, and Eagle Precision [3] Risk Factors - Potential risks include lower-than-expected investment in AI data centers, international trade tensions, and slower-than-anticipated capacity ramp-up [4]

Investment Rating - The report suggests a positive investment outlook for the North American electricity sector, particularly focusing on gas turbines and related technologies due to the ongoing electricity shortage driven by AI data center demands [2][6][30]. Core Insights - The North American electricity shortage is characterized by a contradiction between the non-linear growth of AI electricity demand and the aging infrastructure of the power grid. The demand side sees a surge in AIDC projects, while the supply side faces challenges with declining stable supply and regional electricity shortages [2][6][24]. - The report highlights that gas turbines are currently the optimal solution for AIDC self-built power generation, with gas internal combustion engines, SOFC, and diesel generation serving as effective supplements [2][37]. - The North American Electric Reliability Corporation (NERC) predicts an average peak electricity gap of over 20GW from 2027 to 2030, with significant risks in Texas, the Mid-Atlantic, the Midwest, and California [2][32]. Summary by Sections Section 1: Current Electricity Shortage in North America - The electricity shortage is driven by the non-linear growth of AI demand and the aging power grid infrastructure. The electricity consumption in the U.S. is expected to reach historical highs in 2025-2026, with data centers' planned installed capacity increasing from 5GW in early 2023 to over 245GW by October 2025 [6][19]. - The average lifespan of power infrastructure in the U.S. is around 35-40 years, leading to frequent outages and an inability to meet the reliability demands of AIDC [15][19]. Section 2: Power Source Selection - Gas turbines are identified as the primary power source, with gas internal combustion engines, SOFC, and diesel generation as supplementary options. The report emphasizes the efficiency and cost-effectiveness of gas turbines, which can achieve over 60% efficiency and have the lowest cost per kilowatt-hour [2][37]. - The report also discusses the expected increase in gas turbine installations, with global new installations projected to approach previous cycle peaks by 2025, driven by the surge in AIDC electricity demand [48][52]. Section 3: Investment Recommendations - The report recommends focusing on various technologies due to the ongoing electricity shortage, suggesting investments in gas turbines, gas internal combustion engines, SOFC, and diesel generation. Specific companies are highlighted for potential investment opportunities, including Jerry Holdings, Yingliu Co., Dongfang Electric, and others [2][37][39].