Core Insights - The top three companies by stockholding ratio in the Hong Kong Stock Connect are China Telecom (71.90%), GCL-Poly Energy (69.96%), and Da Zhong Public Utilities (68.75%) [1][2] - The companies with the largest increase in stockholding over the last five trading days include SMIC (+1.092 billion), China Merchants Bank (+1.052 billion), and Hong Kong Exchanges and Clearing (+790 million) [1][2] - The companies with the largest decrease in stockholding over the last five trading days include China Mobile (-3.216 billion), Tencent Holdings (-1.107 billion), and the Tracker Fund of Hong Kong (-465 million) [1][2] Stockholding Ratios - China Telecom (00728) holds 99.79 million shares with a stockholding ratio of 71.90% [2] - GCL-Poly Energy (01330) holds 28.3 million shares with a stockholding ratio of 69.96% [2] - Da Zhong Public Utilities (01635) holds 36.7 million shares with a stockholding ratio of 68.75% [2] - Other notable companies in the top 20 include China Shenhua (66.39%) and China Merchants Energy (64.43%) [2] Recent Trading Activity - The top three companies with increased holdings in the last five trading days are: - SMIC (00981): +1.092 billion, +15.28 million shares [2][3] - China Merchants Bank (03968): +1.052 billion, +19.92 million shares [2][3] - Hong Kong Exchanges and Clearing (00388): +790 million, +1.93 million shares [2][3] - The top three companies with decreased holdings in the last five trading days are: - China Mobile (00941): -3.216 billion, -39.36 million shares [2][3] - Tencent Holdings (00700): -1.107 billion, -1.84 million shares [2][3] - Tracker Fund of Hong Kong (02800): -465 million, -18.01 million shares [2][3]

Group 1 - The top three companies with the highest short-selling ratios are Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), all reporting a short-selling ratio of 0.00% [1][2] - The top three companies by short-selling amount are also Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), with amounts not specified [1][2] - The companies with the highest deviation values are Energy and Energy Global (01142), Hu Shang Ayi (02589), and China Shipbuilding Defense (00317), with deviation values of -0.41%, -0.41%, and -0.66% respectively [1][2] Group 2 - The top ten short-selling ratios include Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), all at 0.00%, with significant negative deviation values [2] - The top ten short-selling amounts also feature Cheung Kong (00001), CLP Holdings (00002), and Hong Kong and China Gas (00003), all at 0.00% short-selling ratio and notable negative deviation values [2] - The top ten companies with the highest deviation values include Energy and Energy Global (01142), Hu Shang Ayi (02589), and China Shipbuilding Defense (00317), with deviation values indicating a decline compared to their average short-selling ratios over the past 30 days [2][3]

Group 1 - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 19.34%, with 249 stocks having a shareholding ratio exceeding 20% [1] - As of December 30, southbound funds held a total of 4,925.70 million shares, accounting for 19.34% of the total share capital of the stocks, with a market value of 61,460.68 million HKD, representing 14.67% of the total market value [1] - The highest shareholding ratio by southbound funds is in China Telecom, with 9,997.50 million shares, representing 71.90% of the issued shares [2] Group 2 - Southbound funds with a shareholding ratio exceeding 20% are mainly concentrated in the healthcare, industrial, and financial sectors, with 56, 37, and 34 stocks respectively [2] - Among the stocks with over 20% shareholding by southbound funds, 129 are AH concept stocks, accounting for 51.81% [1] - The stock with the second-highest shareholding ratio is Green Power Environmental, with 28,290.80 million shares, representing 69.96% [2] Group 3 - The stock with the third-highest shareholding ratio is China Resources Power, with 36,689.50 million shares, representing 68.75% [2] - Other notable stocks with high southbound fund holdings include Kaisa Group, Tianjin Chuangye Environmental Protection, and China Shenhua, with shareholding ratios of 68.23%, 67.16%, and 66.39% respectively [2] - The data indicates a significant interest from mainland investors in Hong Kong stocks, particularly in sectors with strong growth potential [1][2]

从基金十大重仓股角度 12月30日，大众公用跌1.16%，截至发稿，报6.82元/股，成交4382.43万元，换手率0.26%，总市值 201.36亿元。 资料显示，上海大众公用事业(集团)股份有限公司位于上海市徐汇区龙腾大道2121号众腾大厦1号楼10 楼，成立日期1992年1月1日，上市日期1993年3月4日，公司主营业务涉及公用事业、金融创投业务。主 营业务收入构成为：燃气销售89.67%，污水处理业4.17%，施工业1.80%，运输业1.75%，商业1.38%， 其他(补充)0.90%，市政隧道运营0.29%，金融业0.05%。 数据显示，景顺长城基金旗下1只基金重仓大众公用。景顺长城国证石油天然气ETF（159588）三季度 持有股数28.06万股，占基金净值比例为2.15%，位居第十大重仓股。根据测算，今日浮亏损失约2.24万 元。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 景顺长城国证石油天然气ETF（159588）基金经理为金璜。 ...

Core Viewpoint - The report highlights the premium rates of AH shares, with Northeast Electric, Zhejiang Shibao, and Hongye Futures leading in premium rates, while CATL, China Merchants Bank, and Heng Rui Medicine are at the bottom of the list [1][2]. Premium Rate Summary - Northeast Electric (00042) has a premium rate of 847.37%, followed by Zhejiang Shibao (01057) at 428.73% and Hongye Futures (03678) at 283.73% [1]. - The lowest premium rates are observed in CATL (03750) at -11.13%, China Merchants Bank (03968) at -3.84%, and Heng Rui Medicine (01276) at 3.17% [1]. Deviation Value Summary - The highest deviation values are recorded for Zhejiang Shibao (01057) at 136.00%, Junda Co. (02865) at 40.42%, and Nanjing Panda Electronics (00553) at 24.71% [1][2]. - The lowest deviation values are seen in Northeast Electric (00042) at -35.46%, GAC Group (02238) at -26.23%, and Nanhua Futures (02691) at -17.44% [1][3]. Top and Bottom AH Shares - The top ten AH shares by premium rate include companies like Sinopec Oilfield Service (01033) with a premium rate of 271.43% and Fudan Zhangjiang (01349) at 250.53% [1]. - The bottom ten AH shares by premium rate include Weichai Power (02338) at 9.88% and WuXi AppTec (02359) at 10.47% [1].

Group 1 - The core viewpoint of the news highlights the recent stock performance and trading activity of Shanghai Dazhong Public Utilities (Group) Co., Ltd., indicating a 53.60% increase in stock price year-to-date and a recent 2.26% rise in a single trading day [1] - As of December 29, the stock price reached 6.78 CNY per share, with a total market capitalization of 20.018 billion CNY and a trading volume of 337 million CNY [1] - The company has seen significant fluctuations in its stock price over various time frames, with a 15.46% decline over the past 20 days but a 31.65% increase over the past 60 days [1] Group 2 - Shanghai Dazhong Public Utilities was established on January 1, 1992, and listed on March 4, 1993, with its main business activities focused on public utilities and financial investment [2] - The revenue composition of the company includes 89.67% from gas sales, 4.17% from sewage treatment, and smaller contributions from construction, transportation, and other sectors [2] - As of September 30, the company reported a total revenue of 4.596 billion CNY for the first nine months of 2025, reflecting a year-on-year decrease of 2.65%, while the net profit attributable to shareholders increased by 205.14% to 520 million CNY [2] Group 3 - The company has distributed a total of 2.543 billion CNY in dividends since its A-share listing, with 298 million CNY distributed over the past three years [3] - As of September 30, 2025, the number of shareholders increased by 39.14% to 201,800, while the average circulating shares per person remained unchanged at zero [2][3] - Notable changes in institutional holdings include a decrease in shares held by major shareholders, such as Hong Kong Central Clearing Limited and Southern CSI 1000 ETF [3]

证券日报网讯 12月25日，大众公用在互动平台回答投资者提问时表示，华璨基金是一家在基金业协会 备案的私募基金投资主体，公司是华璨基金的有限合伙人。华璨基金的投资经营活动受到基金业相关监 管规则约束。华璨基金对于世纪华通的投资及退出按照华璨基金自身的决策程序进行。 （编辑 丛可心 袁冠琳） ...

证券日报网讯 12月24日，大众公用在互动平台回答投资者提问时表示，公司推出世纪华通收益详见公 司定期报告。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the article is that the company's stock price is influenced by multiple factors, and it aims to enhance its intrinsic value while maintaining stable dividends and actively communicating with the market to reward investor trust [1] Group 2 - The company will continue to focus on its main business operations [1] - The company emphasizes the importance of maintaining stable dividends for its investors [1] - The company is committed to actively engaging with the market to build trust with investors [1]

Group 1 - The core viewpoint of the article is that the company has established a gas price linkage mechanism in accordance with local policies, which allows for appropriate transmission of gas price changes [1] - The company's primary goal is to ensure supply stability while effectively managing costs to maintain stable profitability [1]