Market Overview - The expectation for a Federal Reserve interest rate cut in December has significantly increased, leading to a rise in Hong Kong stocks, with the Hang Seng Index briefly surpassing 26,000 points. The index closed up 0.69% at 25,894.55 points, with a total turnover of HKD 231.49 billion [1] - The Hang Seng Tech Index rose by 1.2%, indicating a positive sentiment in the technology sector [1] Blue Chip Performance - Xiaomi Group-W (01810) saw a notable increase of 4.35%, closing at HKD 40.34, contributing 47.94 points to the Hang Seng Index. Founder Lei Jun invested over HKD 100 million to purchase 2.6 million shares, raising his stake to 23.26% [2] - Other blue-chip stocks like Baidu Group-SW (09888) and Alibaba Health (00241) also performed well, with increases of 4.56% and 4.36% respectively [2] Sector Highlights - Major technology stocks experienced gains, with Baidu and Xiaomi both rising over 4%. AI applications and computing power sectors were particularly active, with Bilibili rising over 5% [3] - Lithium stocks saw a surge, with Tianqi Lithium (002466) increasing by 4.81% and Ganfeng Lithium (01772) rising by 3.46%. The chairman of Tianqi Lithium indicated that global lithium demand is expected to reach 2 million tons by 2026, achieving a balance between supply and demand [4] - Gold stocks generally rose, with Chifeng Jilong Gold Mining (06693) up 4.86% and Zijin Mining (02899) up 1.78%. The probability of a 25 basis point rate cut by the Federal Reserve in December is currently at 81% [5] Flight Cancellations Impact - There has been a significant increase in flight cancellations from China to Japan, with a 56% rise compared to the previous month. This has led to a decrease in ticket bookings by approximately 29% [6] Notable Stock Movements - Longpan Technology (02465) surged by 22.89% after announcing a sales agreement worth over HKD 45 billion for lithium iron phosphate materials [7] - Hesai Technology (02525) rose by 13.43% following the launch of a new high-performance smart control chip [7] - Changfei Optical Fiber (06869) increased by 12.74%, driven by advancements in AI computing power [9] - Shandong Xinhua Pharmaceutical (00719) saw a rise of 7.24% due to increased demand for flu medications during the flu season [10]

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 831.03% and Ningde Times (03750) at -4.55% [1][2][3] Premium Rate Rankings - The top three AH share premium rates are: - Northeast Electric (00042): 831.03% - Hongye Futures (03678): 270.00% - Sinopec Oilfield Service (01033): 268.92% [1][2] - The bottom three AH share premium rates are: - Ningde Times (03750): -4.55% - China Merchants Bank (03968): -1.71% - Heng Rui Medicine (01276): 3.65% [1][3] Deviation Value Rankings - The top three stocks with the highest deviation values are: - China Shipbuilding Defense (00317): 53.01% - Guanghetong (00638): 25.36% - GAC Group (02238): 22.12% [1][4] - The bottom three stocks with the lowest deviation values are: - Longpan Technology (02465): -31.76% - Northeast Electric (00042): -23.74% - Ganfeng Lithium (01772): -14.15% [1][5]

Core Viewpoint - Longpan Technology's stock surged significantly following the announcement of a substantial sales agreement, indicating strong market confidence in the company's future revenue potential [1][3]. Group 1: Company Developments - Longpan Technology's A-shares hit a limit up at 18.06 yuan, while its H-shares initially soared over 60% before stabilizing at approximately 15.2 HKD [1]. - The company announced a supplementary agreement with its subsidiaries and Chuangneng New Energy, with a total sales amount exceeding 450 billion yuan estimated based on expected quantities and market prices [1]. - Longpan Technology primarily engages in the research, production, and sales of lithium iron phosphate cathode materials and environmentally friendly fine chemicals for automotive applications [1]. Group 2: Recent Contracts - In 2023, Longpan Technology secured significant orders for lithium iron phosphate, including a contract with CATL to supply 157,500 tons of cathode materials from Q2 2026 to 2031, with a total sales value exceeding 6 billion yuan [1]. - Another contract was signed with Eve Energy Malaysia for the sale of 152,000 tons of lithium iron phosphate cathode materials from 2026 to 2030, with an estimated total sales value exceeding 5 billion yuan [1].

智通财经APP获悉，龙蟠科技(02465)高开近15%，截至发稿，涨14.94%，报14.16港元，成交额501.26万 港元。 消息面上，11月24日，龙蟠科技发公告称，公司控股子公司常州锂源及控股孙公司南京锂源（合称 为"卖方"）与楚能新能源全资子公司武汉楚能、孝感楚能及宜昌楚能（合称为"买方"）共同签署了 《〈生产材料采购合作协议〉之补充协议二》(以下简称《补充协议二》)，对原协议相关条款进行补充 与修订。如按照预计数量及市场价格估算，《补充协议二》与《原协议》总销售金额超450亿元。在此 之前，《原协议》总销售金额预计超50亿元。 《补充协议二》约定，2025年至2030年期间，卖方合计向买方销售130万吨磷酸铁锂正极材料产品。 《补充协议二》自2025年11月24日起生效。龙蟠科技表示，《补充协议二》的签订不会对公司本年度业 绩产生重大影响，有助于与下游合作伙伴建立长期稳定的关系，有助于公司产品的稳定销售。 ...

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。 Jiangsu Lopal Tech. Group Co., Ltd. 江蘇龍蟠科技集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2465） 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條刊發。 茲 載 列 江 蘇 龍 蟠 科 技 集 團 股 份 有 限 公 司（「本 公 司」）在 上 海 證 券 交 易 所 網 站(https://www.sse.com.cn/)刊發的《關於簽署日常經營重大合同的進展公告》如 下，僅供參閱。 承董事會命 江蘇龍蟠科技集團股份有限公司 董事長 石俊峰 中國‧南京 二零二五年十一月二十四日 於本公告日期，董事會包括執行董事石俊峰先生、呂振亞先生、秦建先生、沈志勇 先生及張羿先生；非執行董事朱香蘭女士；及獨立非執行董事李慶文先生、葉新先 生、耿成軒女士以及康錦里先生。 证券代码：603906 证券简称：龙蟠科技 公告 ...

智通财经APP获悉，根据2025年11月21日披露数据，长飞光纤光缆（06869）、国富氢能（02582）、龙 蟠科技（02465）港股通持股占比增加值最大，分别增加1.36%、1.28%、0.99%；恆生中国企业 （02828）、盈富基金（02800）、昭衍新药（06127）港股通持股占比减少值最大，分别减 少-1.80%、-1.02%、-0.83%。 在最近有统计数据的5个交易日内，国富氢能（02582）、巨星传奇（06683）、亿华通（02402）港股通 持股占比增加值最大，分别增加8.87%、4.38%、3.39%；恆生中国企业（02828）、盈富基金 （02800）、丘鈦科技（01478）港股通持股占比减少值最大，分别减少-6.67%、-2.66%、-1.73%。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新日占比增持榜（前20名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 长飞光纤光缆(06869) | +1.36% | 59.08% | | 国富氢能(02582) | +1.28% | 16.43% | | 龙蟠科技(0246 ...

智通财经APP获悉，锂电概念今日全线下挫，龙蟠科技(02465)跌超9%，近四日股价累跌近20%。截至 发稿，跌9.12%，报12.36港元，成交额9188.03万港元。 消息面上，据中证金牛座，从业内获悉，由于我国磷酸铁锂行业陷入连续多年整体性亏损的窘境，产业 无序竞争、低价内卷现象威胁全行业生存根基与持续发展大局，中国化学与物理电源行业协会将发布 《关于参考磷酸铁锂成本指数及规范行业发展的通知》。该《通知》建议，企业应将协会11月18日披露 的行业平均成本区间作为报价的重要参考，不要突破成本红线开展低价倾销。 值得关注的是，据报道，近期一份来自电新分析师的澄清函在投资圈疯传。在这份落款时间为11月11日 的澄清函中，分析师承认，其研究团队在未经核实的情况下，对外交流中误传了有关"宁德时代采购磷 酸铁锂产品涨价"的不实信息。 ...

此前龙蟠科技公布2025年前三季度业绩，营业收入约58.25亿元，同比增长2.91%；归属于上市公司股东 的净亏损约1.1亿元，同比收窄63.53%；基本每股亏损0.16元。 智通财经APP获悉，香港联交所最新资料显示，11月20日，龙蟠科技(02465)股东将股票由花旗银行转入 UBS Securities Hong Kong Limited，转仓市值1.01亿港元，占比6.01%。 于11月19日，龙蟠科技股东采取转仓操作，将股票由UBS Securities Hong Kong Limited转入花旗银行， 转仓市值1.08亿港元，占比6.26%。 ...

Core Viewpoint - Dragon Power Technology (02465) has seen a significant shareholder transfer, with shares moving from UBS Securities Hong Kong Limited to Citibank, amounting to a market value of HKD 108 million, representing 6.26% of the company [1] Financial Performance - For the first three quarters of 2025, Dragon Power Technology reported a revenue of approximately CNY 5.825 billion, reflecting a year-on-year growth of 2.91% [1] - The net loss attributable to shareholders of the listed company was approximately CNY 110 million, which represents a year-on-year reduction of 63.53% [1] - The basic loss per share was reported at CNY 0.16 [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]