Core Viewpoint - The company has entered into two significant contracts for gas distribution services, which are expected to generate substantial revenue over the coming years [1] Group 1: Contract Details - The company’s subsidiary, Dazhong Logistics Distribution, signed a contract with Shanghai Gas Chongming for the unified distribution and safety services of bottled liquefied petroleum gas, effective until the end of 2026, with an annual transaction amount not exceeding 30 million yuan [1] - A second contract was signed with Shanghai Oriental Energy for the entrusted delivery service of liquefied gas cylinders, effective until the end of 2027, with transaction amounts capped at 500,000 yuan for 2025, and 40 million yuan for both 2026 and 2027 [1] Group 2: Related Transactions - Both contracts are classified as continuing connected transactions for the company, indicating ongoing business relationships with these partners [1] - Non-executive director Zhao Yeqing abstained from voting due to related interests in these transactions [1]

Core Insights - The overall shareholding ratio of southbound funds in Hong Kong Stock Connect stocks is 19.35%, with 248 stocks having a shareholding ratio exceeding 20% [1] - Southbound funds hold a total of 4,922.61 million shares, accounting for 19.35% of the total share capital of the stocks, with a market value of 61,260.73 billion HKD, representing 14.61% of the total market value [1] Group 1: Shareholding Distribution - 248 stocks have a shareholding ratio of over 20%, 128 stocks between 10% and 20%, 96 stocks between 5% and 10%, 80 stocks between 1% and 5%, and 27 stocks below 1% [1] - The stock with the highest southbound fund shareholding is China Telecom, holding 10,007.11 million shares, which is 72.10% of the issued shares [2] - Other notable stocks include Green Power Environmental (70.23%) and China Resources Power (68.80%) [2] Group 2: Industry Concentration - Southbound funds with a shareholding ratio exceeding 20% are primarily concentrated in the healthcare, industrial, and financial sectors, with 56, 36, and 34 stocks respectively [2] - The majority of stocks with high southbound fund holdings are AH concept stocks, with 129 out of 248 stocks (52.02%) having a shareholding ratio over 20% [1] Group 3: Notable Stocks and Performance - Key stocks with high southbound fund holdings include: - China Telecom: 10,007.11 million shares, 72.10% [2] - Green Power Environmental: 28,403.90 million shares, 70.23% [2] - China Shenhua: 224,310.90 million shares, 66.41% [2] - Other significant stocks include: - Fosun Pharma: 31,757.00 million shares, 57.53% [3] - Longi Green Energy: 14,007.74 million shares, 56.00% [3]

智通财经APP获悉，根据2025年12月19日披露数据，中国电信（00728）、绿色动力环保（01330）、大 眾公用（01635）位居港股通持股比例前3位，分别为72.10%、70.23%、68.80%。此外，小米集团－Ｗ （01810）、中国平安（02318）、美团-W（03690）在最近有统计数据的5个交易日内，持股额增幅最 大，分别为+30.14亿元、+17.26亿元、+17.09亿元;中国移动（00941）、中国石油股份（00857）、华虹 半导体（01347）在最近有统计数据的5个交易日内，持股额减幅最大，分别为-14.34亿元、-10.05亿 元、-7.97亿元。 具体数据如下（交易所数据根据T+2日结算）： | 公司名称 | 持股数量 | 最新持股比例 | | --- | --- | --- | | 中国电信(00728) | 100.07亿股 | 72.10% | | 绿色动力环保(01330) | 2.84亿股 | 70.23% | | 大眾公用(01635) | 3.67亿股 | 68.80% | | 凯盛新能(01108) | 1.70亿股 | 67.92% | | 天津创业环保股份( ...

Group 1 - The company announced contracts for unified delivery and safety services of bottled liquefied petroleum gas with Shanghai Gas Chongming and Shanghai Oriental Energy, effective December 19, 2025 [1] - Shanghai Gas Chongming will entrust the delivery of bottled liquefied petroleum gas to the company, which includes vehicle delivery, installation, and safety checks, with payment for services rendered [1] - Shanghai Oriental Energy will also contract the company for user delivery services of liquefied gas cylinders, which includes vehicle delivery, installation, and safety checks, with payment for services rendered [1] Group 2 - The board believes that the company has a thorough understanding of the business and needs of Shanghai Gas Chongming and Shanghai Oriental Energy, enabling effective communication and service delivery [1] - The company possesses extensive transportation and delivery experience, along with professional qualifications, which supports its capability to provide the contracted services effectively [1] - The contracts were reached after fair negotiations and are considered fair and reasonable, aligning with the overall interests of the company and its shareholders [2]

Group 1 - The company, Dazhong Logistics Distribution, has entered into contracts with Shanghai Gas Chongming and Shanghai Dongfang Energy for the unified distribution and safety services of bottled liquefied petroleum gas and user delivery services for gas cylinders, respectively, effective December 19, 2025 [1][2] - Shanghai Gas Chongming will entrust Dazhong Logistics Distribution with the transportation, installation, and safety inspection of bottled liquefied petroleum gas in the Chongming District of Shanghai, while Shanghai Dongfang Energy will do the same for gas cylinder user delivery services [1] - The board believes that Dazhong Logistics Distribution has a thorough understanding of the business and needs of both Shanghai Gas Chongming and Shanghai Dongfang Energy, and possesses the necessary experience and qualifications to provide effective services [1] Group 2 - The contracts were reached after fair negotiations among the parties involved and are considered to be in line with normal commercial terms or better, thus being fair and reasonable for the company and its shareholders [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之內容概不負責， 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 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 上海大眾公用事業（集團）股份有限公司 Shanghai Dazhong Public Utilities (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：1635） 持續關連交易 訂立瓶裝液化石油氣統一配送及安全服務合同 及 訂立液化氣鋼瓶用戶委託配送服務合同 訂立瓶裝液化石油氣統一配送及安全服務合同 於2025年12月19日，上海燃氣崇明與大眾物流配送訂立瓶裝液化石油氣統一配送 及安全服務合同，據此，上海燃氣崇明將其所屬的中國上海市崇明區瓶裝液化石 油氣交給大眾物流配送承運，進行機動車統一配送、接裝及安全檢查，而上海燃 氣崇明向大眾物流配送支付有關服務費用。 訂立液化氣鋼瓶用戶委託配送服務合同 於2025年12月19日，上海東方能源與大眾物流配送訂立液化氣鋼瓶用戶委託配送 服務合同，據此，上海東方能源將其所屬的中國上海市區域液化氣鋼瓶用戶配送 服務交給大眾 ...

Group 1 - The core announcement indicates that the controlling shareholder, Shanghai Volkswagen Enterprise Management Co., Ltd., has pledged part of its shares in the company, totaling 17 million shares [1]

Group 1 - The core point of the article is that Shanghai Dazhong Public Utilities announced a significant share pledge by its controlling shareholder, which may impact the company's financial stability and investor confidence [1] - The controlling shareholder, Shanghai Dazhong Enterprise Management Co., Ltd., holds approximately 538 million shares, representing 18.23% of the total share capital [1] - After the pledge, the total number of pledged shares by the controlling shareholder amounts to 197 million A shares, which is 36.6% of their total holdings [1] Group 2 - For the first half of 2025, the revenue composition of Dazhong Public Utilities is as follows: gas sales account for 88.56%, wastewater treatment for 4.11%, other businesses for 2.13%, construction for 1.77%, and transportation for 1.72% [1] - The current market capitalization of Dazhong Public Utilities is 18.8 billion yuan [2]

大众公用（600635）(01635)发布公告，公司近日接到控股股东大众企管的通知，其将所持有公司的部 分股份办理了质押，本次质押1700万股。本次质押完成后，大众企管持有公司股份累计质押数量1.97亿 股A股股份，占其持股数量36.60%。 ...

智通财经APP讯，大众公用(01635)发布公告，公司近日接到控股股东大众企管的通知，其将所持有公司 的部分股份办理了质押，本次质押1700万股。本次质押完成后，大众企管持有公司股份累计质押数量 1.97亿股A股股份，占其持股数量36.60%。 ...