Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, with significant increases in ownership for companies like Sanhua Intelligent Control, Lion Group, and Dongfang Electric, while companies like Chalco International, Jiahe Biotech-B, and China Merchants Hengsheng Technology saw the largest decreases in ownership [1][2]. Group 1: Increased Holdings - Sanhua Intelligent Control (02050) saw an increase of 3.22%, bringing its latest holding ratio to 22.04% [2] - Lion Group (02562) experienced a 2.85% increase, with a current holding ratio of 49.05% [2] - Dongfang Electric (01072) had a 2.61% increase, resulting in a holding ratio of 28.02% [2] - Zhejiang Shibao (01057) and Haohai Biological Technology (06826) also reported significant increases of 3.55% and 2.10%, respectively [3] Group 2: Decreased Holdings - Chalco International (02068) faced a decrease of 2.69%, with a holding ratio of 19.44% [2] - Jiahe Biotech-B (06998) saw a reduction of 1.74%, bringing its holding ratio down to 0.61% [2] - China Merchants Hengsheng Technology (03423) experienced a decrease of 1.41%, with a current holding ratio of 5.34% [2] - Other companies like Fourth Paradigm and China Metallurgical also reported declines in their holding ratios [3] Group 3: 5-Day Changes - Over the last five trading days, Lion Group (02562) had the highest increase of 3.79%, maintaining a holding ratio of 49.05% [3] - Zhejiang Shibao (01057) and Sanhua Intelligent Control (02050) also saw notable increases of 3.55% and 3.46%, respectively [3] - Conversely, Jiahe Biotech-B (06998) and Chalco International (02068) had the largest decreases of 1.74% and 1.50% [3] Group 4: 20-Day Changes - In the last 20 days, Lion Group (02562) had a substantial increase of 24.68%, with a holding ratio of 49.05% [4] - Other companies like Jihong Co. (02603) and Red Star Macalline (01528) also reported significant increases [4] - Conversely, companies like Wan Guo Gold Group and Shandong Molong saw notable decreases in their holding ratios [4]

Core Viewpoint - China Aluminum International Engineering Corporation (中铝国际) has signed a significant overseas engineering contract worth approximately 14 billion RMB, which is expected to impact its revenue recognition over the next five years, although it will not have a major effect on the company's 2026 revenue [1]. Group 1: Stock Performance - As of December 30, 2025, the stock price of China Aluminum International closed at 5.4 RMB, down 3.05% from the previous trading day [1]. - The stock opened at 5.55 RMB, reached a high of 5.58 RMB, and a low of 5.31 RMB, with a trading volume of 2.37 billion RMB and a turnover rate of 1.7% [1]. Group 2: Contract Details - The company signed an engineering general contracting agreement with an overseas client on December 26, 2025, with a total contract value of approximately 14 billion RMB [1]. - The contract will be settled in US dollars, with progress payments made excluding the advance payment [1]. - Revenue from the project will be recognized in stages based on the progress of performance, and the execution of the contract is subject to uncertainties influenced by policies, market conditions, and environmental factors [1].

Core Viewpoint - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies, which may signal investment trends and market sentiment. Group 1: Increased Holdings - Zhejiang Shibao (01057) saw the largest increase in holdings, up by 2.33%, bringing the total to 57.54% [1][2] - Changfei Fiber Optic Cable (06869) experienced a 1.79% increase, with a new holding percentage of 58.13% [1][2] - Chalco International (02068) had a 1.19% increase, resulting in a holding percentage of 22.13% [1][2] - Other notable increases include Beijing Beichen Industrial (00588) and Junsheng Electronics (00699), both up by 1.03% [2] Group 2: Decreased Holdings - Shandong Molong (00568) faced the largest decrease, down by 1.38%, now holding 50.49% [1][2] - Zhaoyan New Drug (06127) saw a reduction of 1.22%, with a current holding of 56.82% [1][2] - Tianqi Lithium (09696) decreased by 1.01%, bringing its holding to 37.42% [1][2] - Other significant decreases include Jinyi Yongci (06680) and Zhongyuan Jianye (09982), down by 0.64% and 0.55% respectively [2] Group 3: Five-Day Changes - Over the last five trading days, Lion Holdings (02562) had the highest increase at 3.06%, with a holding of 46.20% [1][3] - Changfei Fiber Optic Cable (06869) increased by 2.58%, maintaining a holding of 58.13% [1][3] - Junsheng Electronics (00699) rose by 2.47%, now at 11.24% [1][3] - Conversely, Shandong Molong (00568) and Yihua Tong (02402) both decreased by 2.47% [1][3] Group 4: Twenty-Day Changes - Ji Hong Co. (02603) had the largest increase over twenty days, up by 21.54%, with a holding of 54.58% [1][4] - Lion Holdings (02562) also saw a significant increase of 21.40%, now at 46.20% [1][4] - Red Star Macalline (01528) increased by 8.04%, holding 51.70% [1][4]

Industry News - The Ministry of Finance and the State Administration of Taxation announced that tobacco companies will not be allowed to deduct advertising and promotional expenses from taxable income from January 1, 2026, to December 31, 2027 [3] - The People's Bank of China has introduced a plan to strengthen the management and service system for digital RMB, which will start paying interest on wallet balances at the rate of current deposits from January 1, 2026, marking a transition from "digital cash" to "digital deposit currency" [3] - The China Chain Store and Franchise Association reported that the market size of on-site food sales in supermarkets has exceeded 100 billion yuan [3] - The Asset Management Association of China reported that the total scale of public funds reached 37.02 trillion yuan by the end of November 2025, marking the eighth historical high this year [3] - The Southern Power Grid announced that the last unit of the pumped storage power station in Nanning, Guangxi, was put into operation on December 29, 2025, marking the full completion of Guangxi's first pumped storage power station [3] Company News - Ganfeng Lithium announced that it has been transferred to the procuratorate for prosecution due to suspected insider trading [5] - Kweichow Moutai announced that its controlling shareholder, Moutai Group, has completed a share buyback plan amounting to 3 billion yuan, with no increase in the market supply of Moutai 1935 in 2026 [6][6] - Longpan Technology announced that its subsidiary will reduce production for maintenance on some lithium iron phosphate production lines starting January 1, 2026 [6] - Unigroup Guowei announced plans to acquire controlling or all equity of Ruineng Semiconductor, with stock suspension [6] - ST Panda announced that it has been investigated by the China Securities Regulatory Commission for suspected violations of information disclosure [6] - Haisheng Pharmaceutical announced that its invested company has completed the first patient enrollment for the Phase II clinical trial of the innovative drug NWRD06, targeting a specific liver cancer marker [6] - Tianjian Technology expects a negative net profit for 2025 and revenue below 300 million yuan, which may lead to a delisting risk warning [6] - Tianpu Co. announced no plans to engage in artificial intelligence-related business and has not signed any framework cooperation agreements with shareholders [6] - Guodian Power announced a joint investment with CATL in the Dadu River Danba Hydropower Station project, with a total dynamic investment of 15.273 billion yuan [6] - Hongwei Technology signed a strategic cooperation agreement with a leading domestic company in the transmission field to jointly research GaN power semiconductor devices [6] - 吉祥航空 plans to purchase 25 Airbus A320 series aircraft for 4.1 billion USD, with delivery scheduled between 2028 and 2032 [6][6] - Spring Airlines plans to purchase 30 Airbus A320neo series aircraft for no more than 4.128 billion USD [6][6] - Huazhi Co. announced the termination of the acquisition of 51% of Zhongke Huilian [6] - Wenkong Energy announced a stock suspension for investigation due to significant short-term price increases [6] - Roman Co. signed a contract for a computing power service project worth approximately 156 million yuan [6] - International Composite announced plans to invest 1.693 billion yuan in a project to produce 36 million meters of high-frequency high-speed electronic fiber cloth annually [6]

Core Viewpoint - On December 29, 2025, Chalco International (601068) closed at 5.57 yuan, down 7.17%, with a trading volume of 812,852 shares and a total transaction amount of 452 million yuan [1][2]. Trading Information Summary - The stock price of Chalco International on December 29 was 5.57 yuan, reflecting a decrease of 7.17%, with a total transaction amount of approximately 81.29 million yuan [2][5]. - Over the past 10 trading days, the net inflow of main funds was 38.38 million yuan, and the stock price increased by 12.17% [2]. - The financing balance increased by 25.90 million yuan, while the short selling volume rose by 29,000 shares [2]. Fund Flow - On December 29, the net inflow of main funds was 1.93 million yuan, accounting for 0.43% of the total transaction amount [3]. - Retail investors experienced a net outflow of 14.33 million yuan, representing 3.17% of the total transaction amount [3]. Company Announcement Summary - Chalco International signed a general contracting agreement for an overseas project on December 26, 2025, with a total contract value of approximately 14 billion yuan, to be executed over a period of about 5 years [4][5]. - The project revenue will be recognized in stages based on the progress of performance, and it is expected not to have a significant impact on the company's revenue in 2026 [4].

Core Viewpoint - The company, China Aluminum International Engineering Corporation (中铝国际), signed a project contract with an overseas client on December 26, 2025, with a total contract value of approximately 14 billion RMB [1]. Group 1: Contract Details - The contract amount is approximately 14 billion RMB [1]. - Revenue from the project will be recognized progressively based on the performance progress [1]. - The company will confirm revenue and costs according to contract requirements and revenue recognition principles, with the impact on operating results subject to audit confirmation [1]. Group 2: Financial Impact - The project is not expected to have a significant impact on the company's revenue for the year 2026 [1].

格隆汇12月29日丨中铝国际(02068.HK)公告，中铝国际工程股份有限公司(以下简称公司)于2025年12月 26日与境外客户签署了项目合同，具体内容详见公司于2025年12月27日在上海证券交易所网站和公司指 定信息披露媒体披露的《中铝国际工程股份有限公司关于境外项目签订合同的公告》(公告编号：临 2025-044),现将有关情况补充公告如下：合同总金额约140亿元人民币。 本项目合同收入根据履约进度分期逐步确认，公司将根据合同要求以及收入确认原则在相应的会计期间 确认收入和成本，具体会计处理对公司经营成果的影响需以审计机构审计确认的结果为准，预计对公司 2026年收入不构成重大影响。 ...

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 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 CHALIECO 中鋁國際工程股份有限公司 China Aluminum International Engineering Corporation Limited （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 碼：2068） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 刊 登。 茲載列該公告（於 上 海 證 券 交 易 所 網 站 刊 登）如 下，僅 供 參 閱。 特此公告 承董事會命 中鋁國際工程股份有限公司 陶甫倫 執行董事兼聯席公司秘書 中 國 北 京，2025年12月29日 合同类型：工程总承包合同 合同履行期限：约5年 付款方式：美元结算，浮动汇率，除预付款外，其他按进度结算 二、风险提示 於本公告日期，非執行董事為劉長奎先生及胡未熹女士；執行董事為李宜華 ...

Core Viewpoint - The company, China Aluminum International (601068.SH), has signed a general contracting agreement with an overseas client, valued at approximately 14 billion RMB, with a performance period of about 5 years and payment in USD, subject to floating exchange rates [1] Group 1 - The total contract amount is approximately 14 billion RMB [1] - The performance period for the contract is about 5 years [1] - The payment method for the contract is in USD, with floating exchange rates [1] Group 2 - The company has indicated that there are uncertainties regarding the execution of the contract [1] - There is also uncertainty regarding the recognition of project revenue and performance profits [1] - The company expects that this contract will not have a significant impact on its revenue in 2026 [1]

证券代码：601068 证券简称：中铝国际 公告编号：临2025-045 中铝国际工程股份有限公司 关于境外项目签订合同的补充公告 合同类型：工程总承包合同 合同履行期限：约5年 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。 中铝国际工程股份有限公司（以下简称公司）于2025年12月26日 与境外客户签署了项目合同，具体内容详见公司于2025年12月27日在 上海证券交易所网站和公司指定信息披露媒体披露的《中铝国际工程 股份有限公司关于境外项目签订合同的公告》（公告编号：临2025-044） ，现将有关情况补充公告如下： 一、项目基本情况 合同总金额：约140亿元人民币 1 （二）项目收入确认存在不确定性 本项目合同收入根据履约进度分期逐步确认，公司将根据合同要求 以及收入确认原则在相应的会计期间确认收入和成本，具体会计处理对 公司经营成果的影响需以审计机构审计确认的结果为准，预计对公司 2026年收入不构成重大影响。 付款方式：美元结算，浮动汇率，除预付款外，其他按进度结算 二、风险提示 （一）合同执行存在不确定性 本次 ...