Group 1 - On October 22, Hongye Futures executed a block trade of 300,000 shares with a transaction value of 3.069 million yuan, accounting for 1.93% of the total transaction volume for the day [1][2] - The transaction price was 10.23 yuan, which represents an 8.25% discount compared to the market closing price of 11.15 yuan [1][2]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 22, with Northeast Electric, Hongye Futures, and Andeli Juice leading in premium rates, while CATL, Heng Rui Medicine, and China Merchants Bank lag behind [1][2]. AH Premium Rate Rankings - The top three stocks by AH premium rate are: - Northeast Electric (00042) with a premium rate of 847.37% - Hongye Futures (03678) with a premium rate of 248.83% - Andeli Juice (02218) with a premium rate of 248.39% [2] - The bottom three stocks by AH premium rate are: - CATL (03750) with a premium rate of -18.20% - Heng Rui Medicine (01276) with a premium rate of 0.15% - China Merchants Bank (03968) with a premium rate of 1.60% [2] Deviation Values - The top three stocks by deviation value are: - Guanghe Tong (00638) with a deviation value of 81.35% - Shandong Molong (00568) with a deviation value of 38.55% - Changfei Optical Fiber (06869) with a deviation value of 35.75% [1][2] - The bottom three stocks by deviation value are: - Shanghai Electric (02727) with a deviation value of -23.77% - Chalco International (02068) with a deviation value of -22.62% - China National Foreign Trade (00598) with a deviation value of -17.07% [1][3]

Core Insights - The article highlights the current premium rates of AH shares, with Northeast Electric (00042) leading at a premium rate of 881.82% [1] - The bottom three in terms of premium rates are Ningde Times (03750) at -17.23%, China Merchants Bank (03968) at 1.09%, and Hengrui Medicine (01276) at 1.64% [1] - The article also discusses the deviation values of these stocks, indicating significant discrepancies between their A-shares and H-shares [1] Premium Rate Rankings - The top three AH shares by premium rate are: 1. Northeast Electric (00042) with a premium rate of 881.82% and a deviation value of 68.11% [1] 2. Hongye Futures (03678) with a premium rate of 248.18% and a deviation value of 18.60% [2] 3. Zhejiang Shibao (01057) with a premium rate of 247.12% and a deviation value of 23.76% [1] - The bottom three AH shares by premium rate are: 1. Ningde Times (03750) with a premium rate of -17.23% and a deviation value of -2.71% [1] 2. China Merchants Bank (03968) with a premium rate of 1.09% and a deviation value of -3.46% [1] 3. Hengrui Medicine (01276) with a premium rate of 1.64% and a deviation value of 4.78% [1] Deviation Value Rankings - The top three AH shares by deviation value are: 1. Northeast Electric (00042) with a deviation value of 68.11% [1] 2. Shandong Molong (00568) with a deviation value of 29.50% [1] 3. Changfei Optical Fiber (06869) with a deviation value of 28.06% [1] - The bottom three AH shares by deviation value are: 1. Shanghai Electric (02727) with a deviation value of -27.72% [2] 2. China Foreign Transport (00598) with a deviation value of -17.01% [2] 3. COSCO Shipping Energy (01138) with a deviation value of -15.18% [2]

Core Insights - The article highlights the top and bottom AH share premium rates, with Northeast Electric (00042) leading at 918.87% and Ningde Times (03750) at -17.09% [1][2] Summary by Category Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 918.87% with a deviation value of 109.61% [2] - Hongye Futures (03678) follows with a premium rate of 246.28% and a deviation value of 16.95% [2] - Zhejiang Shibao (01057) ranks third with a premium rate of 241.04% and a deviation value of 19.03% [2] Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -17.09% with a deviation value of -2.80% [2] - Heng Rui Pharmaceutical (01276) has a premium rate of -1.38% and a deviation value of 1.69% [2] - China Merchants Bank (03968) has a premium rate of 0.51% with a deviation value of -4.32% [2] Top AH Share Deviation Values - Northeast Electric (00042) leads with a deviation value of 109.61% [2] - Changfei Optical Fiber (06869) has a deviation value of 31.51% [2] - Shandong Molong (00568) follows with a deviation value of 26.68% [2] Bottom AH Share Deviation Values - Shanghai Electric (02727) has the lowest deviation value at -25.42% [3] - China National Foreign Trade Transportation Group (00598) has a deviation value of -16.00% [3] - COSCO Shipping Energy Transportation (01138) has a deviation value of -14.18% [3]

Core Viewpoint - 弘业期货 has shown a positive performance with a 1.68% increase in stock price, reaching a market capitalization of 10.955 billion yuan, indicating potential growth in the futures market [1]. Company Overview - 弘业期货股份有限公司 primarily engages in commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales, and financial asset investment [2][7]. - The company is the first A+H share listed company in the futures industry and is controlled by the Jiangsu Provincial Government State-owned Assets Supervision and Administration Commission [3][7]. - As of June 30, 2025, 弘业期货 reported a revenue of 0.00 yuan and a net profit of -3.6056 million yuan, reflecting a year-on-year decrease of 128.17% [7]. Financial Performance - The company has a total market capitalization of 10.955 billion yuan and a trading volume of 102 million yuan with a turnover rate of 1.24% [1]. - The average trading cost of the stock is 12.19 yuan, with the stock price approaching a resistance level of 10.97 yuan, suggesting a potential for upward movement if the resistance is broken [6]. - The company has distributed a total of 44.3422 million yuan in dividends since its A-share listing [8]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased by 43.72% to 62,600, with the average circulating shares per person remaining at 0 [7]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, indicating a diversified shareholder base [8].

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 17, with Northeast Electric (00042) leading with a premium rate of 800.00% [1] - The article also discusses the deviation values of these stocks, indicating significant discrepancies between their A-shares and H-shares [1][2] Summary by Category Top AH Premium Rates - Northeast Electric (00042) has the highest premium rate at 800.00%, followed by Hongye Futures (03678) at 250.68% and Zhejiang Shibao (01057) at 245.26% [1] - Other notable mentions include Sinopec Oilfield Service (01033) with a premium rate of 238.36% and Andeli Juice (02218) at 236.87% [1] Bottom AH Premium Rates - The lowest premium rates are observed in Ningde Times (03750) at -17.74%, followed by Hengrui Medicine (01276) at -0.27% and China Merchants Bank (03968) at 1.59% [1] - Other companies with low premium rates include Midea Group (00300) at 7.52% and Zijin Mining (02899) at 10.86% [1] Top Deviation Values - The highest deviation values are recorded for Changfei Optical Fiber (06869) at 35.97%, Zhejiang Shibao (01057) at 24.67%, and Chenming Paper (01812) at 23.63% [1] - Other companies with significant deviation values include Hongye Futures (03678) at 21.99% and Nanjing Panda Electronics (00553) at 21.37% [1][2] Bottom Deviation Values - The lowest deviation values are seen in Shanghai Electric (02727) at -17.61%, China Southern Airlines (01055) at -12.86%, and China National Freight (00598) at -12.41% [1][2] - Northeast Electric (00042) also shows a negative deviation value of -10.29% [2]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of October 16, with Northeast Electric (00042) leading with a premium rate of 770.97% [1] - The article also provides a detailed ranking of stocks based on their deviation values, indicating significant discrepancies between H-shares and A-shares [2] AH Premium Rate Rankings - Northeast Electric (00042) has the highest AH premium rate at 770.97%, followed by Hongye Futures (03678) at 243.57% and Zhejiang Shibao (01057) at 235.64% [1] - The lowest AH premium rates are recorded for Ningde Times (03750) at -17.41%, followed by Heng Rui Medicine (01276) at -2.37% and China Merchants Bank (03968) at 1.87% [1] Deviation Value Rankings - The top three stocks with the highest deviation values are Chenming Paper (01812) at 23.69%, Jieli Yongci (06680) at 22.33%, and Nanjing Panda Electronics (00553) at 21.48% [1] - The stocks with the lowest deviation values include Northeast Electric (00042) at -40.29%, Shanghai Electric (02727) at -24.14%, and China Southern Airlines (01055) at -12.55% [2]

Group 1 - The article highlights the top three and bottom three AH premium rates for various stocks as of October 15, with Northeast Electric (00042) leading at 770.97% and Ningde Times (03750) at -18.39% [1] - The top three stocks with the highest deviation values are Nanjing Panda Electronics (00553), Fudan Zhangjiang (01349), and Chenming Paper (01812), with values of 20.82%, 20.22%, and 16.04% respectively [1] - The bottom three stocks with the lowest deviation values include Northeast Electric (00042), Shanghai Electric (02727), and China National Foreign Trade (00598), with values of -41.76%, -28.14%, and -10.84% respectively [1] Group 2 - The top ten AH stocks by premium rate include companies like Hongye Futures (03678) and Fudan Zhangjiang (01349), with premium rates of 243.56% and 230.63% respectively [1] - The bottom ten AH stocks by premium rate feature companies such as Midea Group (00300) and Zijin Mining (02899), with premium rates of 6.25% and 10.78% respectively [1] - The article provides a detailed table of premium rates and deviation values for various stocks, indicating significant disparities between H-shares and A-shares [2]

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而引致的任何損失承擔任何責 任。 Holly Futures （ 於 中 華 人 民 共 和 國 （ 「 中 國 」 ） 註 冊 成 立 的 股 份 有 限 公 司 ， 中 文 公 司 名 稱 蘇 豪 弘 業 期 貨 股 份 有 限 公 司（前稱弘業期貨股份有限公司） ， 在 香 港 以 Holly Futures 的 名 義 開 展 業 務 ) 承董事會命 蘇豪弘業期貨股份有限公司 董事長兼執行董事 儲開榮先生 中 國，南 京 2025年10月14日 於 本 公 告 日 期，董 事 會 成 員 包 括 執 行 董 事 儲 開 榮 先 生 及 趙 偉 雄 先 生；非 執 行 董 事 薛 炳 海 先 生 及 蔣 海 英 女 士；以 及 獨 立 非 執 行 董 事 黃 德 春 先 生、盧 華 威 先 生 及 張 洪 發 先 生。 ( 「 本 公 司 」 ) （股 份 代 號：3678） ...

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而引致的任何損失承擔任何責 任。 Holly Futures （ 於 中 華 人 民 共 和 國 （ 「 中 國 」 ） 註 冊 成 立 的 股 份 有 限 公 司 ， 中 文 公 司 名 稱 蘇 豪 弘 業 期 貨 股 份 有 限 公 司（前稱弘業期貨股份有限公司） ， 在 香 港 以 Holly Futures 的 名 義 開 展 業 務 ) ( 「 本 公 司 」 ) （股 份 代 號：3678） 董事會會議通知 本 公 司 董 事 會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於2025年10月28日（星 期 二）舉 行，藉 以（其 中 包 括）審 議 及 批 准 本 公 司 及 其 附 屬 公 司 截 至2025年9月30日止九個 月 之 未 經 審 核 第 三 季 度 業 績 及 其 發 佈。 承董事會命 蘇豪弘業期貨股份有限公司 董事長兼執行董事 儲開榮先生 ...