Core Insights - The top three companies by stockholding ratio in the Hong Kong Stock Connect are China Telecom (00728) at 72.41%, Green Power Environmental (01330) at 69.93%, and Da Zhong Public Utilities (01635) at 69.81% [1] - Xiaomi Group-W (01810), China Merchants Bank (03968), and Agricultural Bank of China (01288) saw the largest increases in stockholding amounts over the last five trading days, with increases of +2.377 billion, +1.655 billion, and +0.815 billion respectively [1] - The largest decreases in stockholding amounts over the same period were recorded by WanGuo Gold Group (02979) at -3.768 billion, YingFu Fund (02800) at -1.184 billion, and China Petroleum & Chemical Corporation (00857) at -0.624 billion [2] Stockholding Ratios - The latest stockholding ratios for the top 20 companies in the Hong Kong Stock Connect show that China Telecom leads with 100.50 billion shares, followed by Green Power Environmental with 2.83 billion shares and Da Zhong Public Utilities with 3.73 billion shares [1] - Other notable companies in the top 20 include Kaisa New Energy (01108) at 67.96% and Tianjin Chuangye Environmental Protection (01065) at 66.72% [1] Recent Increases in Stockholding - Xiaomi Group-W (01810) increased its stockholding by +2.377 billion, with a change of +55.329 million shares [2] - China Merchants Bank (03968) saw an increase of +1.655 billion, with a change of +32.2845 million shares [2] - Agricultural Bank of China (01288) increased by +0.815 billion, with a change of +146.8699 million shares [2] Recent Decreases in Stockholding - WanGuo Gold Group (02979) experienced the largest decrease of -3.768 billion, with a change of -494.5072 million shares [2] - YingFu Fund (02800) decreased by -1.184 billion, with a change of -45.2735 million shares [2] - China Petroleum & Chemical Corporation (00857) saw a decrease of -0.624 billion, with a change of -75.768 million shares [2]

Core Insights - The report emphasizes the investment themes for 2026 in the environmental sector, focusing on overseas expansion, carbon reduction, and pollution control as key strategies under the "14th Five-Year Plan" [3][6] - The environmental industry is experiencing a transition as domestic infrastructure peaks, with a projected 4.9% year-on-year growth in sector performance for the first three quarters of 2025 [6][28] Policy Guidance - The "14th Five-Year Plan" has not yet met carbon reduction targets, indicating a need for continued efforts in this area, while other environmental goals have been largely achieved [22][24] - The "15th Five-Year Plan" aims to synergize carbon peak and neutrality goals with pollution reduction and green growth initiatives [6][24] Overseas Expansion - The report identifies significant market opportunities in Southeast Asia and Central Asia for waste incineration, with a potential market size in the hundreds of billions [7] - Indonesia's upcoming waste incineration projects are highlighted, with expectations for rapid development starting in Q1 2026, supported by sovereign fund investments [7] - Key companies positioned for overseas expansion include Weiming Environmental, China Everbright, and others [7] Carbon Reduction - The carbon market is evolving, with ongoing improvements in the carbon emission control system and an expected rise in carbon prices [8] - Non-electric green energy sectors, such as renewable energy heating and biofuels, are anticipated to benefit from policy support and growing domestic demand [8] - Companies like Zhuoyue New Energy are noted for their potential in the biofuel sector, particularly in the context of EU anti-dumping influences subsiding [8] Pollution Control - The water and air sectors are expected to see continued investment in pollution control, with companies like Xingrong Environment and Aofu Technology highlighted for their growth potential [9] - The report notes that the implementation of the National VI emissions standards will create opportunities in the automotive emissions control market [9] Diverse Investment Opportunities - The report outlines various investment opportunities arising from new production capabilities, cyclical trends, and debt management strategies within the environmental sector [10] - Companies involved in smart technologies and battery materials are identified as potential beneficiaries of these trends [10]

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]

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依賴該等內容而引致的任何損失承擔任何責 任。 綠色動力環保集團股份有限公司 董事長 成蘇寧 綠色動力環保集團股份有限公司 Dynagreen Environmental Protection Group Co., Ltd.* （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1330） 海外監管公告 本公告乃由綠色動力環保集團股份有限公司（「本公司」）根據香港聯合交易所 有限公司證券上市規則第13.10B條 作 出。 以下為本公司於上海證券交易所網站刊發之綠色動力環保集團股份有限公司 《關 於 為 子 公 司 提 供 擔 保 的 進 展 公 告》，僅 供 參 閱。 承董事會命 中 國，深 圳 二零二五年十二月十一日 於 本 公 告 日 期，執 行 董 事 為 成 蘇 寧 先 生 及 胡 聲 泳 先 生；非 執 行 董 事 為 趙 志 雄 先 生、 ...

| 证券代码：601330 | 证券简称：绿色动力 | 公告编号：临 2025-077 | | --- | --- | --- | | 转债代码：113054 | 转债简称：绿动转债 | | 绿色动力环保集团股份有限公司 关于为子公司提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 | 保 | 对 | 被担保人名称 本次新增担保金额 | 31,000 | 恩施绿色动力再生能源有限公司 万元 | | | --- | --- | --- | --- | --- | --- | | 担 | | | | | | | 象一 | | 实际已为其提供的担保余额 | 29,330.77 | 万元 | | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | | 担 保 | 对 | 被担保人名称 | | | 登封绿色动力再生能源有限公司 | | | | 本次新增担 ...

Core Viewpoint - The company has signed guarantee contracts with Minsheng Bank Wuhan Branch and China Merchants Bank Shenzhen Branch to provide additional guarantees for its wholly-owned subsidiaries, Enshi Green Power and Dengfeng Green Power, totaling 3.1 billion and 2.6 billion respectively for the purpose of replacing existing fixed asset loans and repaying shareholder loans [1] Group 1 - The company has a total guarantee balance of approximately 6.7 billion, with specific amounts of 2.93 billion for Enshi Green Power and 1.75 billion for Dengfeng Green Power [1] - The total external guarantee balance of the company is about 64.43 billion, which accounts for 80.01% of the most recent audited net assets [1] - There are no overdue guarantees reported by the company [1]

Core Viewpoint - The company, Fawer Co., Ltd., has successfully signed an investment agreement with the Green Power Fund, which will provide 20 million yuan to enhance the capital of its subsidiary, Fawer Smart, amidst a challenging lithium carbonate market [1][3]. Group 1: Investment and Capital Increase - Fawer Smart has signed an investment agreement with the Green Power Fund, which will invest 20 million yuan to subscribe for an increase in registered capital of 18.6794 million yuan [1]. - Following the capital increase, Fawer Smart's registered capital will change to 83.6794 million yuan [1]. - The investment aims to support Fawer Smart's operations and development in the battery recycling industry [3]. Group 2: Strategic Importance and Industry Context - The Green Power Fund is established to support the development of the power battery recycling sector in line with the strategic goals of China FAW Group [3]. - The battery recycling industry is expected to grow alongside the increasing production and sales of new energy vehicles, creating a favorable environment for compliant recycling enterprises [3]. - Fawer Smart is recognized as a key player in battery recycling, being the only enterprise in Northeast China on the white list for tiered utilization and a national high-tech enterprise [2].

Core Viewpoint - The 2025 China International Maritime Technology Conference and Exhibition showcased advancements in alternative fuel technologies, highlighting China's commitment to green maritime solutions [1] Group 1: Event Highlights - The exhibition featured the inaugural Energytec Future Energy Zone, focusing on hydrogen, ammonia, and methanol as alternative fuels [1] - China Shipbuilding Group's 711 Institute launched the "Qiyao" marine engine series, receiving the world's first principle recognition certificate for ammonia-hydrogen fuel engines from China Classification Society [1] - China Ship Power Group introduced the X82DF-E multi-fuel main engine, the world's first of its kind, capable of using fuel oil, methanol, or ethanol, with initial orders set for delivery starting in 2027 [1] Group 2: Innovations in Fuel Transport - Jiangnan Shipyard, a subsidiary of China Shipbuilding Group, presented four innovative achievements, including a 20,000 CBM liquid hydrogen transport vessel and a 200,000 CBM ULAC-FSRU (PANDA 200AF) for integrated liquid ammonia storage and regasification [1] - These innovations received principle recognition certificates from Bureau Veritas (BV) [1] - The Wuhan Standard Research Institute of China Classification Society awarded the first domestic principle recognition certificate for a methanol reforming fuel cell system to Haidewei Technology, addressing challenges in hydrogen storage and refueling costs, enhancing vessel endurance and operational efficiency [1]

Group 1 - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 19.34%, with 245 stocks having a shareholding ratio exceeding 20% [1] - As of December 8, southbound funds hold a total of 4,919.14 million shares, accounting for 19.34% of the total share capital of the stocks, with a market value of 62,155.08 billion HKD, representing 14.68% of the total market value [1] - The highest shareholding ratio by southbound funds is in China Telecom, with 101.15 million shares held, accounting for 72.88% of the issued shares [1] Group 2 - Southbound funds with a holding ratio exceeding 20% are mainly concentrated in the healthcare, industrial, and financial sectors, with 56, 36, and 34 stocks respectively [2] - The top stocks with high southbound fund holdings include China Telecom (72.88%), Dazhong Public Utilities (69.70%), and Green Power Environmental (69.23%) [2][3] - A significant portion of the stocks with high southbound fund holdings are AH concept stocks, with 128 out of 245 stocks (52.24%) having a holding ratio over 20% being AH stocks [1]

Core Insights - The top three companies by Hong Kong Stock Connect holding ratios are China Telecom (72.88%), Power Assets Holdings (69.70%), and GCL-Poly Energy Holdings (69.23%) [1][2] - The largest increases in holdings over the last five trading days were seen in the Tracker Fund of Hong Kong (+2.874 billion), Xiaomi Group-W (+1.552 billion), and Meituan-W (+925 million) [1][2] - The largest decreases in holdings were recorded for Tencent Holdings (-2.444 billion), SMIC (-1.011 billion), and Zijin Mining (-646 million) [1][3] Group 1: Hong Kong Stock Connect Holding Ratios - China Telecom (00728) has a holding of 10.115 billion shares, representing 72.88% [2] - Power Assets Holdings (01635) has a holding of 372 million shares, representing 69.70% [2] - GCL-Poly Energy Holdings (01330) has a holding of 280 million shares, representing 69.23% [2] Group 2: Recent Increases in Holdings - Tracker Fund of Hong Kong (02800) saw an increase of +2.874 billion in holdings, with a change of +11.06275 million shares [2] - Xiaomi Group-W (01810) experienced an increase of +1.552 billion in holdings, with a change of +3.64502 million shares [2] - Meituan-W (03690) had an increase of +925 million in holdings, with a change of +930.15 thousand shares [2] Group 3: Recent Decreases in Holdings - Tencent Holdings (00700) had a decrease of -2.444 billion in holdings, with a change of -404.04 thousand shares [3] - SMIC (00981) saw a decrease of -1.011 billion in holdings, with a change of -1.40754 million shares [3] - Zijin Mining (02899) experienced a decrease of -646 million in holdings, with a change of -1.90246 million shares [3]