Core Viewpoint - Aux Electric (02580) shares rose over 7%, currently up 7.24% at HKD 15.25, with a trading volume of HKD 17.2159 million [1] Dividend Payment Plan - The company's board has approved a dividend payment plan for the fiscal years ending December 31, 2025, 2026, and 2027 [1] - The plan stipulates that dividends will be paid based on at least 75% of the net profit attributable to shareholders for each fiscal year [1] - The dividend payment plan aims to respond to market demands by enhancing returns to protect the rights and interests of shareholders and investors while maintaining financial strength for sustainable development [1] - The board believes that implementing the dividend payment plan aligns with the overall best interests of the company and its shareholders [1]

Core Viewpoint - Aokang Electric (02580) has seen its stock price increase by over 7%, currently at 15.25 HKD, with a trading volume of 17.22 million HKD, following the announcement of a dividend payout plan for the years ending December 31, 2025, 2026, and 2027 [1] Summary by Sections - **Dividend Payout Plan**: The company's board has approved a dividend payout plan, committing to distribute dividends for the fiscal years ending December 31, 2025, 2026, and 2027, with a minimum of 75% of the net profit attributable to shareholders for each fiscal year [1] - **Market Response**: The dividend payout plan is a response to market demands, aimed at enhancing returns to protect the rights and interests of shareholders and investors while maintaining the financial strength of the group to support sustainable development needs [1] - **Board's Perspective**: The board believes that implementing the dividend payout plan aligns with the overall best interests of the company and its shareholders [1]

Core Viewpoint - The company has announced a dividend payout plan for the fiscal years ending December 31, 2025, 2026, and 2027, aiming to distribute at least 75% of the net profit attributable to shareholders for each fiscal year [1] Group 1 - The board of directors has approved a plan to declare and pay dividends to shareholders for the specified fiscal years [1] - The dividend payout plan is designed to respond to market demands and enhance returns to protect the legitimate rights and interests of shareholders and investors [1] - The board believes that implementing the dividend payout plan aligns with the overall best interests of the company and its shareholders [1]

Core Viewpoint - The company has announced a dividend payment plan for the fiscal years ending December 31, 2025, 2026, and 2027, aiming to enhance shareholder returns and protect investor rights while maintaining financial strength for sustainable development [1] Dividend Payment Plan - The board of directors has approved a plan to declare and pay dividends for the three fiscal years ending December 31, 2025, 2026, and 2027 [1] - The annual dividend will be no less than 75% of the company's net profit attributable to owners for the respective fiscal year, subject to market conditions and final board approval at the relevant time [1] Strategic Intent - The dividend payment plan is a response to market demands, aimed at increasing returns to shareholders and safeguarding their legitimate rights [1] - The board believes that implementing the dividend payment plan aligns with the overall best interests of the company and its shareholders [1]

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。 （股份代號：2580） 自願性公告 股息派付計劃 本公告乃奥克斯电气有限公司（「本公司」，連同其附屬公司「本集團」）自願刊發， 以便本公司股東（「股東」）及潛在投資者瞭解本公司的最新發展情況。 AUX ELECTRIC CO., LTD. 奥 克 斯 电 气 有 限 公 司 （ 根 據 開 曼 群 島 法 律 註 冊 成 立 的 有 限 公 司 ） – 1 – 股息派付計劃是為了回應市場的訴求，透過提高回報來保護股東及本公司投資者 的合法權益，同時保留本集團的財務實力以支持其可持續發展需求。董事會認為 實施股息派付計劃符合本公司及股東的整體最佳利益。 股東及潛在投資者應注意，分紅派息計劃下的任何分紅派息，將視乎當時市場狀 況以及董事會於相關時間之絕對酌情權而定。彼等於進行股份交易時務請審慎行事。 承董事會命 奥克斯电气有限公司 緒言 本公司董事會（「董事會」）欣然宣佈其已批准一項計劃（「股息派付計劃」） ...

Investment Rating - The report initiates coverage on Aux Electric with a "Buy" rating and a target price of HKD 17.67, based on an 8x PE for 2025 [5][4]. Core Insights - Aux Electric is the fifth largest air conditioning provider globally and the fourth largest in China, with a market share of 7.1% globally and 7.3% in China for 2024 [1][18]. - The company has a robust presence in over 150 countries, focusing on both domestic and international markets through a dual strategy of ODM and OBM [1][18]. - The report highlights Aux's historical adaptability and strategic positioning, capturing market opportunities across different eras, from cost-effective products in the early 2000s to leveraging e-commerce in the 2010s and expanding globally in the 2020s [1][21]. Summary by Sections Company Overview - Aux Electric entered the air conditioning industry in 1994 and has since developed a multi-brand strategy, including the main brand Aux and sub-brands like ShinFlow, HuaSuan, and Aufit, to cater to various market segments [23][1]. - The company has maintained a strong growth trajectory, with a projected revenue of RMB 29.8 billion in 2024 and a CAGR of 30% in air conditioning sales from 2023 to 2024 [23][18]. Market Outlook - The global air conditioning market is expected to grow from RMB 1.31 trillion in 2024 to RMB 1.53 trillion in 2028, with a CAGR of 4.0% [2]. - Aux is actively expanding in emerging markets, particularly in the Middle East and Southeast Asia, with significant contributions from both ODM and OBM business models [2][18]. Financial Projections - The report forecasts Aux's net profit attributable to shareholders to be RMB 3.167 billion, RMB 3.661 billion, and RMB 4.073 billion for 2025, 2026, and 2027, respectively, with corresponding EPS of RMB 1.99, RMB 2.31, and RMB 2.56 [4][12]. - Revenue from overseas sales is expected to reach RMB 188.9 billion, RMB 234.6 billion, and RMB 281.8 billion from 2025 to 2027, accounting for 54.3%, 58.5%, and 62.6% of total revenue [2][4]. Competitive Positioning - Aux Electric's manufacturing efficiency is highlighted, with a capacity utilization rate of 91.3% compared to the industry average of 74.4% in 2024, which enhances its bargaining power [3][22]. - The company has diversified its customer base, reducing dependency on any single client, with the largest customer accounting for only 6.3% of revenue in Q1 2025 [22][3].

奥克斯电气的最终发售价为17.42港元，所得款项总额为4,150.1百万港元，扣除按最终发售价计算 的估计应付上市开支156.5百万港元，所得款项净额为3,993.5百万港元。 奥克斯电气的基石投资者分别为中邮保险、中邮理财、华菱集团（香港）国际贸易有限公司、西藏 源乐晟及CICC Financial Trading Limited（有关西藏源乐晟场外掉期）、深圳永信及国泰君安投资（有 关深圳永信场外掉期），获分配的发售股份数目共计为55,921,400股。 中国经济网北京10月13日讯 奥克斯电气（02580.HK）今日港股收报13.58港元，跌幅0.88%，今 日盘中最低价13.030港元，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、 ...

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 ...

Group 1 - Zijin Mining International (02259) has been included in the Hang Seng Composite Index, effective from October 16, 2025, following the rapid inclusion rules [1] - The rapid inclusion mechanism allows new stocks to be added to the index if their market capitalization ranks in the top 10% of existing constituents on their first trading day [1] - Other companies such as Aux Group (02580), Chery Automobile (09973), and FWD Group (01828) are also expected to be included in the Hang Seng Composite Index based on similar criteria [1] Group 2 - Companies like Sino Biopharmaceutical-B (02591), Zhonghui Biotechnology-B (02627), and others have shown good performance and may warrant attention for future market performance [2] - The company Zhi Zhi Jia-W (02590), listed on July 9, 2023, must meet additional standards for dual-class shares to qualify for the Hong Kong Stock Connect, which requires ongoing observation [2]

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]