股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 奧克斯電氣有限公司 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02580 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | 0.000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | 0.000005 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 備 ...

根据智通财经APP测算，奥克斯电气(02580)、奇瑞汽车(09973)、富卫集团(01828)、等公司有望根据这 条规则在三季度指数检讨结果公布后，被纳入恒生综合指数和进入港股通。根据公告，11月21日恒指公 司宣布25年三季度恒生指数系列检讨结果，12月8日，恒生指数系列成份股变动生效。 此外，银诺医药-B(02591)、中慧生物-B(02627)、佳鑫国际资源(03858)、劲方医药-B(02595)、国富量子 (00290)、耀才证券金融(01428)、博泰车联(02889)、维立志博-B(09887)、健康160(02656)、科济药业- B(02171)、派格生物医药-B(02565)、威胜控股(03393)等也在智通财经APP港股通冲退棒中有不错的表 现，可以对公司后市表现给予关注。 需要特别注意的是，今年7月9日上市的极智嘉-W(02590)作为同股不同权公司，需要满足港股通对于同 股不同权公司的额外标准，包括市值、成交额、上市时长等要求，未来能否纳入，还需要持续观察。 作为25年全球第二大IPO项目，紫金黄金国际(02259)在10月2日又收到了一个好消息。根据恒生综合指 数快速纳入规则要求 ...

Group 1 - The global offering's stabilization period for AUX Electric (02580.HK) ended on September 27, 2025, which is 30 days after the submission deadline for the Hong Kong public offering application [1] - The sole sponsor and overall coordinator did not exercise the over-allotment option during the stabilization period, and this option expired on September 27, 2025 [1] - The company has not and will not issue any shares under the over-allotment option [1]

Group 1 - The announcement states that the stabilization period for the global offering of Aux Group (02580) ended on September 27, 2025, which is 30 days after the deadline for submitting the application for the Hong Kong public offering [1] - The sole sponsor and overall coordinator did not exercise the over-allotment option during the stabilization period, and this option expired on September 27, 2025 [1] - As a result, the company has not and will not issue any shares under the over-allotment option [1]

Group 1 - The stabilization period for the global offering of Aux Group (02580) ended on September 27, 2025, which is 30 days after the deadline for submitting the application for public offering in Hong Kong [1] - The sole sponsor and overall coordinator did not exercise the over-allotment option during the stabilization period, and this option expired on September 27, 2025 [1] - The company has not and will not issue any shares under the over-allotment option [1]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）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而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 除非本公告另有界定，否則本公告所用詞彙應與奧克斯電氣有限公司（「本公司」）日期為2025年 8月25日（星期一）的招股章程（「招股章程」）所界定者具有相同涵義。 本公告乃根據香港法例第571W章《證券及期貨（穩定價格）規則》第9(2)條作出。本公告僅供參 考，並不構成誘使任何人士收購、購買或認購本公司證券的邀請或要約。本公告並非招股章 程。有意投資者應先行閱讀招股章程有關下文所述本公司及全球發售的詳細資料，方決定是否 投資於發售股份。 本公告不得在美國（包括其領土及屬地、美國任何州及哥倫比亞特區）境內或向美國直接或間接 發佈、刊發或分發。本公告並未且不擬構成或組成在美國或任何其他司法管轄區購買或認購證 券的任何要約或招攬的一部分。發售股份未曾亦不會根據經不時修訂的美國《1933年證券法》 （「美國證券法」）或美國任何州或其他司法管轄區證券法登記，亦不得 ...

Core Viewpoint - Aokai Electric (HK2580) reported a total revenue of 20.085 billion RMB for the first half of 2025, marking a year-on-year increase of 16.7%, with net profit attributable to shareholders reaching 1.873 billion RMB, up 5.1% year-on-year [1][2] Revenue Breakdown - The majority of Aokai's revenue comes from air conditioning, with home air conditioning contributing 17.915 billion RMB, accounting for 89.2% of total revenue, which is a 17.3% increase from the previous year [1][3] - Among home air conditioning sales, wall-mounted units generated 15.386 billion RMB, representing 76.6% of the segment, while cabinet units and mobile air conditioners contributed 2.338 billion RMB and 0.190 billion RMB, respectively [3] - Central air conditioning accounted for 1.922 billion RMB, or 9.6% of total revenue, with a year-on-year growth of 15.0% [3] Brand Performance - Aokai's main brand generated 9.956 billion RMB, making up 49.6% of total revenue, with a year-on-year increase of 15.2% [5] - The sub-brands Huasuan and AUFIT generated 0.503 billion RMB and 0.516 billion RMB, respectively, together accounting for only 5.1% of total revenue, with Huasuan experiencing a significant decline of 39.5% year-on-year [5][4] ODM Business Growth - Aokai's ODM (Original Design Manufacturer) revenue reached 8.861 billion RMB, representing 44.1% of total revenue and an 18.8% increase year-on-year, becoming a key growth driver for the company [4][5] - The overseas market revenue from ODM grew significantly, with Asia (excluding China), Europe, and South America showing increases of 34.5%, 27.8%, and 55.7%, respectively [5][6] Market Dynamics - The Chinese market remains the largest contributor, generating 9.246 billion RMB, accounting for 46.0% of total revenue, although this is a decrease of nearly 5 percentage points year-on-year [6][7] - The overall air conditioning market in China saw a double-digit growth in sales volume and revenue, contrasting with Aokai's slower growth in the domestic market [6] Financial Metrics - Aokai's gross margin for the first half of 2025 was 19.5%, down from 21.1% in the same period of 2024, attributed to a strategic optimization of order mix and increased sales through ODM [7][8] - The company's R&D expenditure remains low, at only 1.6% of total revenue, compared to sales and administrative expenses which are higher [8] Stock Performance - Aokai was listed on the Hong Kong Stock Exchange on September 2, 2023, with a net amount raised of 3.9935 billion HKD, but the stock price has declined approximately 15% since its debut [8][9]

2025 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 4 | | 其他資料 | 23 | | 獨立審閱報告 | 27 | | 中期簡明綜合損益及其他綜合收益表 | 29 | | 中期簡明綜合財務狀況表 | 31 | | 中期簡明權益變動表 | 33 | | 中期簡明綜合現金流量表 | 35 | | 中期簡明綜合財務資料附註 | 38 | | 釋義 | 56 | 奧克斯電氣有限公 司 股份代號：2580 （根據開曼群島法律註冊成立的有限公司） 1 奥克斯电气有限公司 公司資料 董事會 執行董事 鄭堅江先生 （主席） 忻寧先生 （總裁） 非執行董事 鄭江先生 何錫萬先生 李健女士 荊嫻博士 （主席） 李健女士 陶勝文先生 授權代表 忻寧先生 劉綺華女士 聯席公司秘書 獨立非執行董事 項偉先生 荊嫻博士 陶勝文先生 審核委員會 項偉先生 （主席） 荊嫻博士 李健女士 薪酬委員會 項偉先生 （主席） 李健女士 陶勝文先生 提名委員會 張波先生 劉綺華女士 （香港公司治理公會及英國特許公司治理公會會士） 核數師 安永會計師事務所 執業會計師 註冊公眾利益實體核數師 香 ...

Summary of the Conference Call for Aux Group Company Overview - **Company**: Aux Group - **Industry**: Air Conditioning and Home Appliances Key Points and Arguments 1. **Financial Performance**: Aux reported a revenue growth of 15% and a profit growth of 8%, with a valuation of 6.6 times earnings, which is lower than Hisense's 7.7 times valuation, indicating significant investment value [2][3] 2. **Dividend Commitment**: The company has committed to a dividend payout ratio of no less than 70% from 2025 to 2027, with an expected dividend yield of 10.6% in 2025, surpassing Hisense's 7% [2][3] 3. **Net Profit Margin**: Aux achieved a net profit margin close to 10%, attributed to its domestic sales model reducing channel markups and high-profit contributions from overseas OEM (Original Equipment Manufacturer) business [2][4] 4. **Market Expansion**: The company is actively expanding into emerging air conditioning markets such as Europe, the Middle East, Africa, and Southeast Asia, where penetration rates are low but demand growth potential is high [2][5] 5. **Stock Price Decline**: Recent stock price declines were influenced by both fundamental and financial factors, including downward adjustments in annual forecasts and challenges in domestic and overseas markets [2][6] 6. **Operational Challenges**: The company faced operational challenges post-IPO, including a price war in the domestic market and supply chain issues in overseas markets due to geopolitical tensions [3][7] 7. **Competitive Position**: Aux's competitive position is bolstered by its direct sales model, which minimizes price discrepancies compared to competitors like Gree [4][5] 8. **Future Growth Potential**: The company has significant growth potential in the global air conditioning market, with a current overseas market share of less than 10% and opportunities to capture market share from Japanese and Korean brands [12][16] 9. **Investor Sentiment**: Despite short-term selling pressure from retail investors, long-term prospects remain attractive due to the company's high dividend yield and potential for valuation recovery [15][17] Additional Important Insights 1. **Emerging Market Focus**: Aux's strategy includes focusing on emerging markets, with a significant portion of its revenue coming from OEM business, which constitutes 30% of its total OEM income [10][11] 2. **ODM and OBM Strategies**: The company emphasizes ODM (Original Design Manufacturer) and OBM (Original Brand Manufacturer) strategies to enhance responsiveness and meet diverse market needs [11] 3. **Market Share Growth Logic**: The growth logic for Aux is primarily based on increasing market share, which is expected to offset various adverse factors [14][16] 4. **Potential Index Inclusion**: Aux is likely to be included in the OCI index, which could attract more attention and investment due to its high dividend yield in the white goods sector [16] This summary encapsulates the essential insights from the conference call, highlighting Aux Group's financial performance, market strategies, and future growth potential in the air conditioning industry.

中国经济网北京9月12日讯 奥克斯电气（02580.HK）今日港股收报14.20港元，跌幅6.58%，今日收 盘价创上市以来新低。 奥克斯电气11日港股收报15.20港元，跌幅3.31%，当日创上市以来新低；10日港股收报15.72港 元，跌幅2.36%。奥克斯电气10日盘中股价最低至15.40港元，当日创上市以来新低。 奥克斯电气9月2日在港交所上市，当日收报16.48港元，跌幅5.4%。目前，奥克斯电气港股处于破 发状态。 最终发售价及配发结果公告显示，奥克斯电气发售股份数目238,235,200股，其中，公开发售的发售 股份最终数目（在重新分配及发售量调整权获悉数行使后）83,382,400股，国际发售的发售股份最终数 目（在重新分配及发售量调整权获悉数行使后）154,852,800股。 奥克斯电气的独家保荐人、独家保荐人兼整体协调人、联席整体协调人、联席全球协调人、联席账 簿管理人及联席牵头经办人是中金公司，联席整体协调人、联席全球协调人、联席账簿管理人及联席牵 头经办人是东方证券，联席全球协调人、联席账簿管理人及联席牵头经办人是农银国际，联席账簿管理 人及联席牵头经办人是工银国际和富途证券。 奥克斯 ...