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。 ZHEJIANG SANHUA INTELLIGENT CONTROLS CO., LTD. 浙江三花智能控制股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2050） 2.02. 審議及批准修訂《關 聯 交 易 管 理 辦 法》 – 1 – 2.03. 審議及批准修訂《募 集 資 金 管 理 制 度》 臨時股東大會經修訂通告 茲經修訂通告 浙江三花智能控制股份有限公司（「公 司」）謹訂於2025年11月27日 （星 期 四）下午二時正假座中華人民共和國浙江省紹興市新昌縣澄潭街道沃西 大 道219號三花工業園辦公大樓會議室舉行2025年第二次臨時股東大會（「臨 時 股東大會」），以 處 理 下 列 事 項： 特 別 決 議 案： 1. 審議及批准關於修訂《公 司 章 程》及其附件的議案 ...

ZHEJIANG SANHUA INTELLIGENT CONTROLS CO., LTD. 浙江三花智能控制股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：2050） 臨時股東大會通告及代表委任表格之內容修訂 茲提述浙江三花智能控制股份有限公司（「本公司」）日期為二零二五年十一月 七日之通函（「通 函」）、臨 時 股 東 大 會 通 告（「原通告」）及代表委任表格（「原代表 委任表格」），其 中 載 有 本 公 司 臨 時 股 東 大 會（「臨時股東大會」）召 開 的 時 間、地 點 及 擬 於 會 上 提 請 股 東 審 議 的 決 議 案。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 通 函 所 界 定 的 具 有 相 同 涵 義。 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。 董事長兼執行董事 張亞波 香 ...

浙江三花智能控制股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2050） ZHEJIANG SANHUA INTELLIGENT CONTROLS CO., LTD. 為本人╱吾等的受委代表，代表本人╱吾等出席本公司謹訂於2025年11月27日（星期四）下午二時假座浙江省紹興市新昌 縣澄潭街道沃西大道219號三花工業園辦公大樓會議室舉行的臨時股東大會（「臨時股東大會」）及其任何續會，以考慮及 酌情通過載於臨時股東大會通告（於2025年11月24日經修訂）的決議案，並於臨時股東大會及其任何續會代表本人╱吾等 並以本人╱吾等名義就下述決議案按以下方式投票。 | | 特別決議案 | 5 贊成 | 5 反 對 | 5 棄 權 | | --- | --- | --- | --- | --- | | 1 | 審議及批准關於修訂《公司章程》及其附件的議案 | | | | | 1.01 | 審議及批准修訂《公司章程》 | | | | | 1.02 | 審議及批准修訂《股東會議事規則》 | | | | | 1.03 | 審議及批准修訂《董事會議事規則》 | | | | | | 普通決議案 | 5 贊成 ...

J P M O R G A N Asia Pacific Equity Research 19 November 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. We are raising our FY25-27E forecasts for Sanhua by 20% on average, factoring in the 3Q25 beat and lift in management guidance. Our Global TMT confe ...

Core Insights - The top three companies with the highest short positions as of November 14 are Vanke Enterprises (02202), COSCO Shipping Holdings (01919), and ZTE Corporation (00763) with short ratios of 17.68%, 16.49%, and 16.03% respectively [1][2] - The companies with the largest absolute increase in short positions include GCL-Poly Energy (03800), Dongfang Electric (01072), and Hansoh Pharmaceutical (01276), with increases of 1.99%, 1.54%, and 1.35% respectively [1][2] - The companies with the largest absolute decrease in short positions are Ganfeng Lithium (01772), ZTE Corporation (00763), and Samsonite (01910), with decreases of -2.53%, -1.02%, and -0.95% respectively [1][2] Top 10 Short Positions - The top 10 companies with the highest short ratios include Vanke Enterprises (02202) at 17.68%, COSCO Shipping Holdings (01919) at 16.49%, and ZTE Corporation (00763) at 16.03% [2] - Other notable companies in the top 10 include Heng Rui Pharmaceutical (01276) at 15.64% and Ping An Insurance (02318) at 13.66% [2] Changes in Short Positions - The companies with the largest increases in short ratios include GCL-Poly Energy (03800) from 6.87% to 8.86%, Dongfang Electric (01072) from 8.67% to 10.21%, and Heng Rui Pharmaceutical (01276) from 14.30% to 15.64% [2] - Conversely, the companies with the largest decreases in short ratios include Ganfeng Lithium (01772) from 11.32% to 8.79%, ZTE Corporation (00763) from 17.05% to 16.03%, and Samsonite (01910) from 6.67% to 5.72% [2][3]

Core Viewpoint - The stock of Sanhua Intelligent Control (02050) has risen over 3% despite market conditions, reflecting positive investor sentiment following upgraded financial forecasts from Morgan Stanley for the years 2025 to 2027 [1] Group 1: Financial Performance - Morgan Stanley raised its average financial forecasts for Sanhua Intelligent Control by 20% for the years 2025 to 2027, based on better-than-expected Q3 performance and management's upgraded guidance [1] - The company's Q4 and next year's earnings outlook indicates continued profit growth and margin expansion, even in the face of high comparatives [1] Group 2: Market Trends and Insights - Key trends supporting Sanhua's growth include strong momentum in emerging fields such as humanoid robots and AIDC liquid cooling, resilience in the automotive parts business, and a well-structured global supply chain [1] - Despite a recent pullback in H and A shares since October due to profit-taking by investors, the solid fundamentals and strategic positioning in key areas suggest a buying opportunity [1] Group 3: Target Price and Rating - Morgan Stanley has increased the target price for Sanhua Intelligent Control's H shares from HKD 41 to HKD 42, maintaining an "Overweight" rating [1]

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 [1][2][3] Group 1: Companies with Increased Holdings - Guofu Hydrogen (02582) saw the largest increase in holdings, up by 5.52%, bringing its total to 14.45% [2] - Longpan Technology (02465) experienced a 2.85% increase, with a new holding percentage of 39.00% [2] - Yingfu Fund (02800) increased by 2.53%, now holding 3.54% [2] - Over the last five trading days, Guofu Hydrogen (02582) had the highest increase at 7.02%, with a total holding of 14.45% [3] - Other notable increases include Juxing Legend (06683) at 4.80% and Yihua Tong (02402) at 4.15% [3] Group 2: Companies with Decreased Holdings - Sanhua Intelligent Control (02050) had the largest decrease, down by 0.83% to 19.79% [2] - ZTE Corporation (00763) saw a reduction of 0.66%, now at 49.46% [2] - Goldwind Technology (02208) decreased by 0.60%, with a holding of 46.93% [2] - In the last five trading days, Heng Seng China Enterprises (02828) experienced the largest drop at 3.11%, now at 2.87% [3] - Other significant decreases include Chongqing Steel (01053) at -2.84% and Goldwind Technology (02208) at -1.59% [3] Group 3: Long-term Trends - Over a 20-day period, Haotian International Construction Investment (01341) had the highest increase at 18.08%, reaching 68.79% [4] - Qingdao Bank (03866) increased by 11.25%, now holding 18.52% [4] - Anji Food (02648) saw a 10.18% increase, with a total holding of 36.77% [4] - Conversely, New Tian Green Energy (00956) had the largest decrease at -8.28%, now at 57.05% [4] - Longpan Technology (02465) also saw a significant drop of -5.78%, maintaining a holding of 39.00% [4]

智通财经APP讯，三花智控(02050)发布公告，于2025年11月14日，该公司斥资人民币3000.75万元回购 69.93万股A股，每股回购价格为42.73-43元。 （原标题：三花智控(02050)11月14日斥资3000.75万元回购69.93万股A股） ...

格隆汇11月14日丨三花智控(02050.HK)发布公告，2025年11月14日耗资人民币3000.75万元回购69.93万 股A股，回购价格每股42.73-43元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 浙江三花智能控制股份有限公司 呈交日期： 2025年11月14日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 | 否 | | | | 證券代號 (如上市) | 002050 | 說明 | A股 (於深圳證券交易所上市) | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | ...