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引致的任何損失承擔任何責任。 AUX ELECTRIC CO., LTD. 承董事會命 於本公告日期，執行董事為鄭堅江先生及忻寧先生；非執行董事為鄭江先生、何 錫萬先生及李健女士；以及獨立非執行董事為項偉先生、荊嫻博士及陶勝文先生。 奥克斯电气有限公司 鄭堅江 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 ） （股份代號：2580） 香港，二零二五年十月二十四日 更改香港主要營業地點的地址 奥克斯电气有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，自二零 二五年十月二十四日起，本公司於香港的主要營業地點的地址將改為香港軒尼詩 道288號英皇集團中心15樓3室商業單位。本公司電話號碼、傳真號碼及網址將 維持不變。 董事會主席兼執行董事 ...

Group 1 - The core point of the article is that Aux Electric Co., Ltd. has officially listed on the Hong Kong Stock Exchange with an issue price of HKD 17.42 per share, raising approximately HKD 4.15 billion [1] Group 2 - Aux Electric's cash flow has shown fluctuations in recent years, with cash flows of HKD 4.00 billion in 2022, HKD 4.63 billion in 2023, and a projected HKD 2.52 billion in 2024. Additionally, government subsidies during this period totaled HKD 456 million, with an increase in subsidies noted in the first three months of 2025 compared to the same period last year [3] Group 3 - The company's governance structure features a young executive team, with Zhang Bo, the financial officer and board secretary, being the youngest at 35 years old. He has over 13 years of experience in finance and management, having held various positions within the company since joining in 2012 [4][5] - The board of directors consists of eight members, with an average age of approximately 61 years. The oldest member is 69 years old, while the youngest is 49 years old. Zhang Bo not only serves as the financial officer but also as the board secretary, highlighting his significant role in the company [5]

Core Viewpoint - Aokis Electric (02580.HK) experienced a significant increase in stock price, rising over 7% to reach 15.25 HKD, with a trading volume of 17.2159 million HKD [1] Company Summary - Aokis Electric's stock price rose by 7.24% as of the latest report [1] - The current stock price is 15.25 HKD [1] - The trading volume recorded was 17.2159 million HKD [1]

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].

Group 1 - The core point of the article highlights that Aux Electric (02580.HK) has seen its stock price decline to a record low of HKD 13.03 since its listing on September 2, where it initially closed at HKD 16.48, reflecting a drop of 5.4% on the first day [1] - As of the latest trading session, Aux Electric's stock closed at HKD 13.58, marking a decrease of 0.88% [1] - The company is currently in a state of stock price decline, having fallen below its initial public offering (IPO) price [1] Group 2 - Aux Electric issued a total of 238,235,200 shares, with 83,382,400 shares allocated for public offering and 154,852,800 shares for international offering [1] - The final offer price for Aux Electric was set at HKD 17.42, resulting in total proceeds of HKD 4,150.1 million, with net proceeds amounting to HKD 3,993.5 million after deducting estimated listing expenses of HKD 156.5 million [1] - The cornerstone investors for Aux Electric include China Post Insurance, China Post Wealth Management, and several others, with a total allocation of 55,921,400 shares [2]