Core Viewpoint - Andeli's stock price has shown significant growth in recent months, with a year-to-date increase of 21.69% and a recent 5-day increase of 7.06% [1] Financial Performance - For the period from January to September 2025, Andeli achieved a revenue of 1.321 billion yuan, representing a year-on-year growth of 28.88% [2] - The net profit attributable to shareholders for the same period was 284 million yuan, reflecting a year-on-year increase of 43.38% [2] Shareholder Information - As of September 30, 2025, the number of Andeli's shareholders was 7,021, a decrease of 23.74% compared to the previous period [2] - The average number of circulating shares per shareholder increased by 31.22% to 38,631 shares [2] Dividend Distribution - Since its A-share listing, Andeli has distributed a total of 234 million yuan in dividends, with 198 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the Southern Core Growth Mixed Fund A (009646) has exited the list of the top ten circulating shareholders of Andeli [3]

Group 1 - The core point of the article is that Andeli (605198.SH) has completed a share reduction plan initiated by its major shareholder, Guangzhou Unified, which involved a total reduction of 3.3418 million shares, accounting for approximately 1.00% of the company's total share capital [1] Group 2 - Guangzhou Unified, holding more than 5% of the shares, executed the reduction plan through centralized bidding transactions [1] - The share reduction plan was officially completed as of January 23, 2026 [1]

Core Viewpoint - The company, Andeli Juice (605198), has completed a share reduction plan initiated by its major shareholder, Guangzhou Unified, which involved a total reduction of 3.3418 million shares, representing approximately 1.00% of the company's total share capital [1] Group 1 - Guangzhou Unified, a shareholder holding more than 5% of the company, notified the company about its share reduction plan [1] - The share reduction was executed through centralized bidding transactions [1] - The reduction plan was completed as of January 23, 2026 [1]

Core Viewpoint - The company, Andeli Juice (02218), has completed a share reduction plan initiated by its major shareholder, Guangzhou Unified, which involved a total reduction of 3.3418 million shares, representing approximately 1.00% of the company's total share capital [1] Group 1 - The share reduction plan was executed through centralized bidding transactions [1] - The completion date for the share reduction plan is set for January 23, 2026 [1] - Guangzhou Unified holds more than 5% of the company's shares [1]

烟台北方安德利果汁股份有限公司 董事長 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分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 。 海外監管公告 本公告乃烟台北方安德利果汁股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券上市 規則》第 13.10B 條作出。 茲載列本公司於二零二六年一月二十三日在上海證券交易所網站刊發之《關於持股 5%以上股東減持計 劃實施完畢暨減持結果公告》，僅供參閱。 承董事會命 王安 中國烟台，二零二六年一月二十三日 於本公告日期，本公司執行董事為王安先生、張輝先生、王萌女士及王艷輝先生，非執行董事為劉宗 宜先生及張偉先生，獨立非執行董事為龔凡先生、王雁女士及王常青先生。 *僅供識別 1 证券代码：605198 证券简称：安德利 公告编号：2026-002 烟台北方安德利果汁股份有限公司 关于持股 5%以上股东减持计划实施完毕 暨减持结果公告 本公司董事会、全体董事及相关股东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 ...

证券代码：605198 证券简称：安德利 公告编号：2026-002 烟台北方安德利果汁股份有限公司 关于持股 5%以上股东减持计划实施完毕 暨减持结果公告 本公司董事会、全体董事及相关股东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。 持股 5%以上股东减持计划情况 公司于 2025 年 12 月 6 日披露了《持股 5%以上股东减持股份计划公告》（公 告编号：2025-065），广州统一计划通过集中竞价方式减持公司股份数量不超过 3,412,000 股，即不超过总股本的 1.00%。减持期间为公告之日起 15 个交易日后 的 3 个月内。 重要内容提示： 持股 5%以上股东的基本情况 烟台北方安德利果汁股份有限公司（以下简称"公司"）持股 5%以上股东广 州统一企业有限公司（以下简称"广州统一"）于本次减持股份计划实施前，持 有公司股份 21,327,680 股，约占公司总股本的 6.38%。 广州统一已于 2026 年 1 月 15 日至 2026 年 1 月 16 日期间，通过集中竞价方 式减持本公司股份 1,480,000 股，约占本公司 ...

Group 1 - The core point of the article is that Guangzhou Unified Enterprise Co., Ltd., a shareholder holding more than 5% of Andeli Juice, has completed a share reduction plan, selling a total of 3.3418 million shares, which accounts for 1.00% of the company's total share capital [1] - The share reduction took place between January 15 and January 23, 2026, with the selling price ranging from 38.70 to 43.65 yuan per share, resulting in a total reduction amount of 138 million yuan [1] - After the reduction, Guangzhou Unified's shareholding decreased to 17.9859 million shares, representing a 5.38% stake, while its combined holding with concerted action parties fell from 19.15% to 18.15% [1]

Core Insights - The article highlights the premium rates of AH shares, with Northeast Electric (00042), Zhejiang Shibao (01057), and Junda Co., Ltd. (02865) leading the list with premium rates of 831.03%, 367.07%, and 320.34% respectively [1] - Conversely, CATL (03750), Heng Rui Medicine (01276), and China Merchants Bank (03968) have the lowest premium rates at -11.41%, -3.46%, and -1.49% respectively [1] Premium Rate Rankings - The top ten AH shares by premium rate include: - Northeast Electric (00042): H-share at 0.290 HKD, A-share at 2.25 CNY, premium rate of 831.03%, deviation value of -17.64% [1] - Zhejiang Shibao (01057): H-share at 5.770 HKD, A-share at 22.5 CNY, premium rate of 367.07%, deviation value of -14.31% [1] - Junda Co., Ltd. (02865): H-share at 25.760 HKD, A-share at 90.4 CNY, premium rate of 320.34%, deviation value of 77.25% [1] - The bottom ten AH shares by premium rate include: - CATL (03750): H-share at 472.200 HKD, A-share at 349.24 CNY, premium rate of -11.41%, deviation value of 0.38% [1] - Heng Rui Medicine (01276): H-share at 73.750 HKD, A-share at 59.44 CNY, premium rate of -3.46%, deviation value of -3.66% [1] - China Merchants Bank (03968): H-share at 46.300 HKD, A-share at 38.08 CNY, premium rate of -1.49%, deviation value of 0.47% [1] Deviation Value Rankings - The top three AH shares by deviation value are: - Longqi Technology (09611): H-share at 32.100 HKD, A-share at 48.16 CNY, premium rate of 79.72%, deviation value of 79.72% [1] - Junda Co., Ltd. (02865): H-share at 25.760 HKD, A-share at 90.4 CNY, premium rate of 320.34%, deviation value of 77.25% [1] - Goldwind Technology (02208): H-share at 15.400 HKD, A-share at 26.89 CNY, premium rate of 109.16%, deviation value of 20.91% [1] - The bottom three AH shares by deviation value are: - Yangtze Optical Fibre and Cable (06869): H-share at 52.050 HKD, A-share at 109.7 CNY, premium rate of 152.45%, deviation value of -18.19% [2] - Northeast Electric (00042): H-share at 0.290 HKD, A-share at 2.25 CNY, premium rate of 831.03%, deviation value of -17.64% [2] - Chenming Paper (01812): H-share at 0.820 HKD, A-share at 2.19 CNY, premium rate of 219.51%, deviation value of -15.59% [2]

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 67.6 yuan [2][8]. Core Views - The company is expected to achieve significant profit growth in 2025, with net profit projected between 220 million to 250 million yuan, representing a year-on-year increase of 28.6% to 50.9% [2]. - The performance of the company's subsidiary, Nanfu Battery, is anticipated to exceed its profit commitments, driven by an increase in ownership stake to 46% [8]. - The company is actively pursuing multiple business development avenues, including investments in emerging technologies such as optical chips, which are expected to contribute to future growth [8]. Financial Summary - Total revenue is projected to grow from 4,638 million yuan in 2024 to 5,629 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 8.5% [4]. - Net profit is expected to increase significantly from 168 million yuan in 2024 to 482 million yuan in 2027, reflecting a CAGR of 10.5% [4]. - Earnings per share (EPS) is forecasted to rise from 0.65 yuan in 2024 to 1.87 yuan in 2027 [4]. - The price-to-earnings (P/E) ratio is projected to decrease from 78 times in 2024 to 27 times in 2027, indicating an improving valuation [4].

Core Viewpoint - The report highlights the current premium rates of AH shares, with Northeast Electric, Zhejiang Shibao, and Junda Co. leading in premium rates, while CATL, Hengrui Medicine, and China Merchants Bank are at the bottom of the list [1][2]. Premium Rate Rankings - Northeast Electric (00042) has a premium rate of 815.25%, followed by Zhejiang Shibao (01057) at 378.67% and Junda Co. (02865) at 342.63% [2]. - The lowest premium rates are recorded for CATL (03750) at -13.79%, Hengrui Medicine (01276) at -2.52%, and China Merchants Bank (03968) at -2.22% [1][2]. Deviation Values - Junda Co. (02865) has the highest deviation value at 104.89%, followed by Goldwind Technology (02208) at 23.62% and Guanghetong (00638) at 20.17% [1][2]. - The lowest deviation values are for Northeast Electric (00042) at -35.64%, Chenming Paper (01812) at -16.87%, and China Life (02628) at -15.34% [1][4]. Additional Insights - The report includes a detailed table of the top ten and bottom ten AH stocks based on premium rates and deviation values, providing a comprehensive overview of the current market situation [2][3][4].