Core Insights - The article highlights the top and bottom AH share premium rates as of June 10, with Northeast Electric (00042) leading at a premium rate of 958.82% and Ningde Times (03750) at the bottom with -1.75% [1][2]. Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 958.82% with H-share priced at 0.255 HKD and A-share at 2.25 CNY [2]. - Hongye Futures (03678) follows with a premium rate of 271.39%, H-share at 3.390 HKD and A-share at 10.51 CNY [2]. - Andeli Juice (02218) ranks third with a premium rate of 268.02%, H-share at 15.980 HKD and A-share at 49.1 CNY [2]. Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has a premium rate of -1.75%, with H-share at 299.600 HKD and A-share at 245.75 CNY [2]. - WuXi AppTec (02359) has a premium rate of 5.05%, H-share at 74.000 HKD and A-share at 64.9 CNY [2]. - China Merchants Bank (03968) has a premium rate of 5.13%, H-share at 50.900 HKD and A-share at 44.67 CNY [2]. Group 3: Top Share Deviation Values - BYD Company (01211) leads with a deviation value of 202.33%, H-share at 135.600 HKD and A-share at 353.13 CNY [2]. - Longpan Technology (02465) follows with a deviation value of 30.49%, H-share at 6.910 HKD and A-share at 15.33 CNY [2]. - Yanzhou Coal Mining (01171) has a deviation value of 11.04%, H-share at 8.250 HKD and A-share at 12.79 CNY [2]. Group 4: Bottom Share Deviation Values - China Shipbuilding Defense (00317) has the lowest deviation value at -46.55%, H-share at 13.360 HKD and A-share at 24.9 CNY [3]. - Zhejiang Shibao (01057) follows with -37.20%, H-share at 4.650 HKD and A-share at 11.93 CNY [3]. - Junshi Biosciences (01877) has a deviation value of -35.39%, H-share at 24.600 HKD and A-share at 37 CNY [3].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002865 证券简称：钧达股份 公告编号：2025-041 海南钧达新能源科技股份有限公司 关于稳定价格期结束及超额配售权失效的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 经香港联合交易所有限公司（以下简称"香港联交所"）批准，海南钧达新能源科技股份有限公司（以下 简称"公司"）发行的63,432,300股H股股份已于2025年5月8日在香港联交所主板挂牌并上市交易（以下 简称"本次发行"）。公司H股股票中文简称为"鈞達股份"，英文简称为"DRINDA"，股份代号 为"02865"。具体详见公司于2025年5月8日披露的《关于境外上市股份（H股）挂牌并上市交易的公 告》（公告编号：2025-037）。 本次发行有关全球发售的稳定价格期已于2025年6月1日（星期日）（即递交香港公开发售申请截止日期 后第 30 日）结束。稳定价格经办人华泰金融控股（香港）有限公司、其联属人士或代其行事的任何人 士于稳定价格期内未采取任何稳定价格行动。 二、超额配售权失效 整体协调人（代表国际承销商）并未在稳 ...

Summary of Key Points Core Viewpoint The Hong Kong IPO market has seen significant activity from May 5 to May 11, with 8 companies submitting applications, 3 companies passing hearings, 1 company going public, and 3 companies listing. Group 1: IPO Applications - A total of 8 companies submitted IPO applications, including Zhongqi Yunlian, MIRXES, YS Intelligent, Xidi Zhijia, Tong Shifu, Zhejing Electronics, Zhongding Integration, and Fuyou Payment [2][3] - Zhongqi Yunlian, established in 2015, is a leading independent digital financial platform in China, with a projected revenue of 6.52 billion RMB in 2022, increasing to 9.91 billion RMB by 2024 [3] - MIRXES, founded in 2014, specializes in miRNA technology for disease screening, with projected revenues of approximately 177.59 million USD in 2022, growing to 202.83 million USD by 2024 [4][5] - YS Intelligent, focusing on AI-driven pharmaceutical solutions, has raised over 500 million USD from notable investors and has a post-money valuation of 1.33 billion USD [6] - Xidi Zhijia, a provider of autonomous driving solutions, reported revenues of 310.56 million RMB in 2022, expected to reach 410 million RMB by 2024 [7] - Tong Shifu, established in 2013, leads the copper cultural products market in China with a 35% market share, projecting revenues of 503 million RMB in 2022 [8] - Zhejing Electronics, a pioneer in smart cockpit solutions, reported revenues of approximately 214 million RMB in 2022, with expectations of growth [9] - Zhongding Integration, a provider of smart logistics solutions, reported revenues of approximately 1.643 billion RMB in 2022, with a projected increase [11] - Fuyou Payment, a digital payment technology platform, reported revenues of approximately 1.142 billion RMB in 2022, with growth anticipated [12] Group 2: Companies Passing Hearings - Heng Rui Pharmaceutical, a leading innovative pharmaceutical company, reported revenues of 21.275 billion RMB in 2022, expected to grow to 27.985 billion RMB by 2024 [13][14] - Ningde Times, a leader in battery manufacturing, is expected to raise between 4 billion to 5 billion USD in its IPO, with a market share of 37.9% in the global battery market by 2024 [15][16] - Jihong Co., a dual-driven company in cross-border e-commerce and paper packaging, reported revenues of 5.376 billion RMB in 2022, with growth expected [17] Group 3: IPO and Listings - Green Tea Group is set to launch its IPO, offering 168 million shares at a price of 7.19 HKD per share, with significant interest from cornerstone investors [18] - Boleton, listed on May 7, priced at 18 HKD per share, saw a closing price of 24.9 HKD, reflecting a 38% increase [19] - Hu Shang Ayi, listed on May 8, had an opening price of 190.6 HKD, closing at 158.4 HKD, a 40.03% increase from its issue price [20] - Jun Da Co., also listed on May 8, opened at 22.2 HKD and closed at 26.6 HKD, marking a 20.09% increase [20] Group 4: Market Developments - The Hong Kong Stock Exchange has launched a "Tech Company Fast Track" to facilitate IPO applications for technology and biotech companies, allowing for confidential submissions [21]

Core Insights - The third XBC Battery and Component Technology Forum 2025 will be held on May 15-16 in Jiaxing, focusing on advancements in photovoltaic technology and market trends [6][13]. Company Developments - JunDa Co., Ltd. officially listed on the Hong Kong Stock Exchange on May 8, becoming the first photovoltaic company to operate under an "A+H" dual capital platform [2][4]. - The company issued 63.43 million shares at a price of HKD 22.15 per share, with proceeds aimed at establishing overseas photovoltaic cell production bases and enhancing technology research and development [4]. - JunDa's N-type battery technology has achieved a conversion efficiency of over 26.3%, with a 30% reduction in non-silicon costs, establishing a competitive edge in the market [4][5]. Industry Trends - The global demand for photovoltaic products is increasing, with JunDa's overseas sales rising from 23.85% in 2024 to 58.00% in Q1 2025, indicating strong market penetration [5]. - The XBC battery technology is gaining traction, with significant advancements in efficiency and production capacity expected in 2025, driven by leading companies in the industry [12][14]. - The market share of XBC batteries is projected to increase significantly, with estimates suggesting a market share of approximately 5% in 2024 compared to 2023 [12]. Forum Agenda Highlights - The forum will cover topics such as the competitive landscape of XBC, TOPCon, and heterojunction batteries, as well as the advantages of XBC components in distributed applications [13][14]. - Key discussions will include advancements in TBC, HBC, and HTBC technologies, cost reduction strategies, and the application of advanced conductive pastes and metallization techniques in XBC batteries [14][15].

Group 1 - Jihong Co., Ltd. has passed the hearing of the Hong Kong Stock Exchange, indicating its readiness for listing and potential market expansion [1] - In Q1, Jihong Co., Ltd. achieved a revenue of 1.477 billion yuan, a year-on-year increase of 11.55%, and a net profit of 59.16 million yuan, up 38.21% [1] - The financial performance reflects Jihong's competitive advantages and healthy business development, suggesting further growth post-listing [1] Group 2 - Junda Co., Ltd. listed on the Hong Kong Stock Exchange with an initial share price of 22.15 HKD, and its stock rose by 20.09% on the first day [2][3] - The company is the first photovoltaic battery enterprise to achieve "A+H" listing, indicating a significant milestone in the industry [2] Group 3 - The Hong Kong Stock Exchange announced the reappointment of Chairman Tang Ka Sing, effective immediately, highlighting his leadership in implementing key reforms [4] - Under Tang's leadership, the exchange has improved listing approval processes and introduced new trading arrangements, enhancing market efficiency [4] Group 4 - As of the end of April 2025, the total market capitalization of the Hong Kong securities market reached 38.8 trillion HKD, a 21% increase from the previous year [5] - The average daily trading volume increased by 144% year-on-year, indicating heightened market activity and investor interest [5] - The total fundraising amount for the first four months was 171 billion HKD, up 335% year-on-year, with IPO fundraising reaching 21.3 billion HKD, a 170% increase [5] Group 5 - Laopuhuang plans to place 4.31 million new H-shares, aiming to raise over 2.715 billion HKD, despite the placement price being at an 8.03% discount to the previous closing price [6] - This move reflects the company's proactive approach to securing funds for business development and strategic initiatives [6]

港股收评：恒指收涨0.37% 军工股连涨两日 金十数据5月8日讯，港股今日走势反覆，尾盘涨幅显著收窄。恒指今早低开高走，恒指早盘低开102点 报22589点，随后掉头向上，一度升211点高见22903点。午后震荡走软，涨幅显著收窄。截至收盘，恒 指收涨0.37%；科指收涨0.56%，恒指大市成交额1858.9亿元。盘面上，新能源物料、国内零售股走强， 汽车、医药外包股回暖，军工股连涨两日；玩具消闲、公路运输、芯片股走低，黄金股回调，内地教育 股连跌两日。个股方面，沪上阿姨(02589.HK)、钧达股份(02865.HK)上市首日分别收涨40%、20%，理 想汽车(02015.HK)、吉利汽车(00175.HK)均涨4.5%；山东墨龙(00568.HK)跌28%，康师傅控股 (00322.HK)跌超4.5%。 ...

Core Viewpoint - JunDa Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, becoming the first photovoltaic battery company in China to achieve "A+H" listing, marking a significant milestone in the industry [1][4]. Group 1: Listing Details - JunDa Co., Ltd. launched its H-share at a price of HKD 22.15 per share, with a total global offering of approximately 63.43 million shares, where the Hong Kong public offering was oversubscribed by 3.5 times and the international offering by 1.08 times [1][4]. - The company raised approximately HKD 12.92 billion from the global offering, with 75% of the funds allocated for the construction of a 5 GW photovoltaic battery production base in Oman [1][4]. Group 2: Business Transformation - Originally established in 2003 with a focus on automotive parts, JunDa shifted its business model to specialize in photovoltaic battery research, production, and sales after acquiring a 51% stake in JieTai Technology in 2017 [9]. - The company divested its automotive parts business in 2022 and fully acquired JieTai Technology, marking a complete transition to the photovoltaic sector [9]. Group 3: Market Position and Performance - JunDa ranks among the top five global photovoltaic battery manufacturers, holding a 24.7% market share in N-type TOPCon batteries and a 17.9% share in overall photovoltaic batteries as of 2024 [7][11]. - The company reported a significant increase in net profit in 2022, reaching CNY 717 million, but faced a decline in 2023 with a net profit of CNY 816 million, reflecting the industry's downward trend [10][11]. Group 4: Future Outlook and Strategy - JunDa is focusing on expanding its overseas market presence, with 23.73 billion CNY in overseas revenue in the previous year, representing a 171.33% increase and accounting for approximately 23.85% of total revenue [17]. - The company anticipates improvements in the supply-demand environment of the photovoltaic industry starting from 2025, which may lead to a recovery in profitability and performance growth [18].

Group 1: Company Filings - 16 companies submitted applications for listing on the Hong Kong Stock Exchange from April 28 to May 4, with 3 companies launching their IPOs [1] - Companies seeking dual listings include Seres Group and JA Solar Technology [1][3] - Seres Group focuses on engines and new energy vehicles, having launched the "Wenjie" brand and achieved a 268% year-on-year increase in total deliveries in 2024 [2] - JA Solar Technology is a leading global supplier of photovoltaic solutions, ranking third in global market share with 12.3% in 2024 [3] - Shenzhen Hongye Geotechnical Technology, a major non-state-owned geotechnical engineering company in South China, also submitted an application [4] Group 2: Upcoming IPOs - Boreton plans to list on May 7, 2025, with a global offering of 13 million H shares priced at 18 HKD each [20] - JunDa Co. and HuShang Ayi are set to list on May 8, 2025, with share prices expected between 20.4 and 28.6 HKD for JunDa and between 95.57 and 113.12 HKD for HuShang Ayi [21] Group 3: Market Trends - 23 A-share listed companies are planning to list or have submitted applications for listing in Hong Kong as of early May [22] - The Hong Kong Securities and Futures Commission is considering increasing the position limits for derivatives based on major stock indices [22]