Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of December 12, with Northeast Electric (00042) leading with a premium rate of 900.00% [1] - The article also provides a detailed ranking of stocks based on their deviation values, indicating significant discrepancies between H-shares and A-shares [2][3] AH Premium Rate Rankings - Northeast Electric (00042) has the highest AH premium rate at 900.00%, followed by Zhejiang Shibao (01057) at 265.58% and Beijing Machinery (00187) at 262.47% [1] - The lowest AH premium rates are recorded for CATL (03750) at -9.05%, China Merchants Bank (03968) at -2.65%, and Weichai Power (02338) at 6.11% [1] Deviation Value Rankings - The top three stocks with the highest deviation values are Northeast Electric (00042) at 28.66%, Beijing Machinery (00187) at 24.60%, and Red Star Macalline (01528) at 20.22% [1] - Conversely, the stocks with the lowest deviation values include GAC Group (02238) at -25.71%, Yangtze Optical Fibre (06869) at -16.11%, and Longyuan Power (00916) at -15.02% [1] Additional Insights - The article includes a comprehensive table of the top ten and bottom ten AH stocks based on premium rates and deviation values, providing a clear overview of market performance [1][2][3]

杭州灏月及其一致行动人淘宝控股及新零售基金合计持有股份数量由约3.91亿股减少至约3.19亿股，持 股比例由8.98%减少至7.33%。该集团指，有关权益变动不会导致控股股东及实际控制人发生变化，不 会对公司治理结构及持续经营产生重大影响。 消息面上，红星美凯龙公布，近日收到股东淘宝控股及新零售基金告知，于12月10日至12月11日，淘宝 控股及新零售基金通过集中竞价合计减持3061.6万股H股，占当前总股本的0.7%。 红星美凯龙（601828）(01528)再跌超3%，盘中低见1.14港元创去年9月中下旬以来新低。截至发稿，跌 3.36%，报1.15港元，成交额4302.7万港元。 ...

Core Viewpoint - Red Star Macalline (01528) has seen its stock price drop over 3%, reaching a new low of 1.14 HKD since mid-September last year, with a current trading price of 1.15 HKD and a trading volume of 43.027 million HKD [1] Group 1: Shareholder Activity - Red Star Macalline announced that shareholders Taobao Holdings and New Retail Fund have reduced their holdings by a total of 30.616 million H-shares from December 10 to December 11, representing 0.7% of the current total share capital [1] - The combined shareholding of Hangzhou Haoyue and its concerted parties, Taobao Holdings and New Retail Fund, decreased from approximately 391 million shares to about 319 million shares, with the ownership percentage dropping from 8.98% to 7.33% [1] - The group stated that this change in equity will not lead to a change in the controlling shareholder or actual controller, nor will it significantly impact the company's governance structure and ongoing operations [1]

Market Overview - Hong Kong stocks opened positively with the Hang Seng Index up by 0.9%, the National Enterprises Index up by 0.88%, and the Hang Seng Technology Index up by 1.02% [1] - The market sentiment remains cautious, with expectations that the index will continue to fluctuate between 25,200 and 26,200 points [3] Company Updates - Zijin Mining (02899) saw a rise of 3.51%, while China Hongqiao (01378) increased by 3.32%, JD Health (06618) by 3.2%, Sands China (01928) by 2.36%, and NetEase (09999) by 1.91% [1] - Conversely, Henderson Land Development (00012) fell by 1.03%, Li Ning (02331) by 0.75%, and Hansoh Pharmaceutical (03692) by 0.65% [1] Bond Issuance - Zhaojin Mining (01818) opened high at 1.97% and announced the issuance of technology innovation convertible bonds amounting to 800 million RMB, which is 53.3% of the planned issuance of up to 1.5 billion RMB. The bonds have a two-year term and a coupon rate of 2.2% [1] Shareholder Activity - Leap Motor (09863) opened up by 1.63% as the Chairman and CEO Zhu Jiangming, along with shareholder Fu Liqian, purchased a total of 2.1506 million H shares at an average price of approximately 50.51 RMB, totaling over 100 million RMB. This increases their combined holdings to 23.75% of the total issued shares [2] - Red Star Macalline (01528) opened down by 0.84% after shareholders Taobao Holdings and New Retail Fund reduced their holdings by 30.616 million H shares, representing 0.7% of the current total share capital [2]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies. Group 1: Increased Holdings - Zhaoyan New Drug (06127) saw the largest increase in holdings, rising by 3.58% to a total holding of 57.50% [1][2] - Guofu Hydrogen Energy (02582) increased by 1.88%, reaching a holding of 19.85% [1][2] - Red Star Macalline (01528) experienced a 1.48% increase, with a current holding of 45.57% [1][2] - Lion Group (02562) had a notable increase of 5.81% over the last five trading days, bringing its total holding to 34.09% [1][3] - Reshaping Energy (02570) increased by 3.77% in the same period, now holding 6.48% [1][3] Group 2: Decreased Holdings - Hongye Futures (03678) had the largest decrease, down by 1.08% to a holding of 62.20% [1][2] - Shandong Molong (00568) decreased by 0.73%, with a current holding of 53.76% [1][2] - Luoyang Molybdenum (03993) saw a reduction of 0.58%, now holding 28.92% [1][2] - The largest decrease over the last five trading days was seen in Wan Guo Gold Group (02979), which fell by 11.31% to a holding of 0.01% [1][3] - Haotian International Investment (01341) decreased by 4.79%, now at 63.80% [1][3]

Core Viewpoint - The announcement details a significant reduction in shareholding by major shareholders of Red Star Macalline Group Corporation Limited, indicating a shift in ownership stakes that may impact the company's market perception and investor sentiment [1][2]. Group 1: Shareholder Information - The major shareholder, Hangzhou Haoyue Enterprise Management Co., Ltd., along with its concerted parties, Taobao China Holding Limited and New Retail Strategic Opportunities Investments 4 Limited, confirmed the accuracy and completeness of the information provided [1]. - The total shareholding of Hangzhou Haoyue and its concerted parties decreased from 391,072,606 shares (8.98%) to 319,080,906 shares (7.33%) following the recent share reduction [2]. Group 2: Share Reduction Details - Between December 10 and December 11, 2025, Taobao Holding and New Retail Fund collectively reduced their holdings by 30,616,000 H shares, representing 0.70% of the company's total share capital [2]. - Specifically, Taobao Holding sold 15,308,000 H shares (0.35%), and New Retail Fund also sold 15,308,000 H shares (0.35%) during this period [2]. Group 3: Future Share Reduction Plans - Hangzhou Haoyue plans to further reduce its holdings by up to 130,641,979 shares (3% of total share capital) through centralized bidding and block trading from December 25, 2025, to March 24, 2026 [3]. - As of now, Hangzhou Haoyue has not yet commenced this planned reduction [3]. Group 4: Impact of Shareholding Changes - The recent changes in shareholding will not result in a change of control for the company, nor will it significantly affect the company's governance structure or ongoing operations [4].

红星美凯龙家居集团股份有限公司 证券代码：601828 证券简称：美凯龙 公告编号：2025-090 红星美凯龙家居集团股份有限公司 关于持股 5%以上股东及其一致行动人权益变动 触及 1%刻度的提示性公告 持股 5%以上的股东杭州灏月企业管理有限公司及其一致行动人 Taobao China Holding Limited、New Retail Strategic Opportunities Investments 4 Limited 保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□比例减少 | | --- | --- | | 权益变动前合计比例 | 8.98% | | 权益变动后合计比例 | 7.33% | | 本次变动是否违反已作出的承 | 是□否 | | 诺、意向、计划 | | | 是否触发强制要约收购义务 | 是□否 | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | -- ...

Core Viewpoint - Red Star Macalline (601828) announced a share reduction by Taobao Holdings and New Retail Fund, indicating a strategic shift in shareholder structure [1] Group 1: Share Reduction Details - Taobao Holdings and New Retail Fund collectively reduced their holdings by 30.616 million H-shares from December 10 to December 11, 2025, representing 0.70% of the company's total share capital [1] - Taobao Holdings sold 15.308 million H-shares, accounting for 0.35% of the total share capital, while New Retail Fund also sold 15.308 million H-shares, representing another 0.35% [1] Group 2: Impact on Major Shareholders - Following the share reduction, the combined holdings of major shareholder Hangzhou Haoyue and its concert parties decreased from approximately 391 million shares to about 319 million shares, reducing their ownership percentage from 8.98% to 7.33% [1] - The change in equity holdings triggered a shift that touched the 1% integer threshold, indicating a significant alteration in the shareholder landscape [1]

智通财经APP讯，红星美凯龙(01528)公布，公司于近日收到淘宝控股及新零售基金出具的《股份减持情 况告知函》，于 2025 年 12 月 10 日至 12 月 11 日，淘宝控股及新零售基金通过集中竞价合计减持公司 3061.6万股 H 股股份，占公司当前总股本的 0.70%。其中，淘宝控股通过集中竞价减持公司1530.8万股 H 股股份，占公司当前总股本的 0.35%;新零售基金通过集中竞价减持公司1530.8万股 H 股股份，占公 司当前总股本的 0.35%。本次权益变动后，公司持股 5%以上股东杭州灏月及其一致行动人合计持有公 司股份数量由约3.91亿股减少至约3.19亿股，持股比例由 8.98%减少至 7.33%，权益变动触及 1%整数 倍。 ...

Core Viewpoint - Meikailong (601828.SH) announced a share reduction by Taobao Holdings and New Retail Fund, indicating a strategic shift in shareholder composition and potential implications for the company's stock performance [1] Group 1: Share Reduction Details - Taobao Holdings and New Retail Fund collectively reduced their holdings by 30,616,000 H shares from December 10 to December 11, 2025, representing 0.70% of the company's total share capital [1] - Taobao Holdings sold 15,308,000 H shares, accounting for 0.35% of the total share capital, while New Retail Fund also sold 15,308,000 H shares, similarly representing 0.35% [1] Group 2: Impact on Major Shareholders - Following the share reduction, the combined holdings of major shareholder Hangzhou Haoyue and its concerted parties decreased from 391,072,606 shares to 319,080,906 shares, reducing their ownership percentage from 8.98% to 7.33% [1] - The change in ownership triggered a shift that touched the 1% threshold, indicating a significant alteration in the shareholder structure [1]