Core Insights - The article highlights the top and bottom AH share premium rates as of November 18, with Northeast Electric (00042) leading at 847.37% and Ningde Times (03750) at -7.82% [1][2][3] Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 847.37% with H-share priced at 0.285 HKD and A-share at 2.25 CNY [2] - Sinopec Oilfield Service (01033) follows with a premium rate of 296.15%, H-share at 0.780 HKD and A-share at 2.58 CNY [2] - Hongye Futures (03678) ranks third with a premium rate of 275.07%, H-share at 3.490 HKD and A-share at 10.93 CNY [2] Bottom AH Share Premium Rates - Ningde Times (03750) shows a negative premium rate of -7.82%, with H-share at 504.000 HKD and A-share at 387.89 CNY [3] - China Merchants Bank (03968) has a premium rate of -0.08%, H-share at 51.400 HKD and A-share at 42.88 CNY [3] - Heng Rui Pharmaceutical (01276) has a premium rate of 4.52%, with H-share at 70.800 HKD and A-share at 61.78 CNY [3] Top AH Share Deviation Values - Sinopec Oilfield Service (01033) leads in deviation value at 49.38% [1][4] - Zhejiang Shibao (01057) follows with a deviation value of 31.62% [1][4] - Beijing Jingcheng Machinery Electric (00187) has a deviation value of 28.48% [1][4] Bottom AH Share Deviation Values - Ganfeng Lithium (01772) has the lowest deviation value at -13.86% [1][5] - China Life (02628) follows with -12.23% [1][5] - CNOOC Services (02883) has a deviation value of -11.47% [1][5]

智通财经APP获悉，宁德时代(03750)再跌超4%，截至发稿，跌3.8%，报506港元，成交额9.42亿港元。 消息面上，宁德时代近50%的H股IPO基石投资者锁定股份将于2025年11月20日起解禁，合共大约7750 万股。摩根大通发布研报称，依然看好宁德时代A股，并将其视为中国电池产业链的首选，目标价为 480元人民币，较最新收盘价有19%的上涨空间。H股目标价由600港元下调至575港元，即使考虑到H股 较A股有约10%的估值溢价，较最新收盘价亦只有6%上涨空间，评级"中性"。 此外，宁德时代昨晚公布，主要股东黄世霖询价转让A股股份，经向机构投资者询价后，初步确定的转 让价格为每股376.12元，较H股收盘价526港元折让高达21.8%，较A股现价则折让3.8%。宁德时代表 示，本次询价转让收到有效报价单共55 份，涵盖基金管理公司、合格境外机构投资者、保险公司、证 券公司、私募基金管理人等专业机构投资者。参与本次询价转让报价的机构投资者合计有效认购股份数 量为1.47亿股，对应的有效认购倍数为3.2倍。 ...

每经AI快讯，锂电股集体走低，截至发稿，中创新航(03931.HK)跌6.66%，报31.1港元；赣锋锂业 (01772.HK)跌5.75%，报59.05港元；天齐锂业(09696.HK)跌5%，报54.15港元；宁德时代(03750.HK)跌 2.47%，报513港元。 ...

消息面上，自10月中旬以来，碳酸锂价格近期持续上行，累计涨幅近30%。11月18日，广期所碳酸锂主 力合约盘中涨超4%后回落。中信期货分析师杨飞表示，预计11月下旬到12月碳酸锂需求保持强势，需 密切关注明年一季度淡季的需求表现。 大和发布研报称，目前对明年锂价上行空间仍抱保守看法。该行预测明年锂价将维持于每吨7.5万至9万 元人民币区间，较当前的每吨8.5万元水平上行空间有限，相信中国锂价于今年第四季至明年第一季仍 然偏软，主要由于农历新年需求疲弱及全球电动车迎来淡季。 智通财经APP获悉，锂电股集体走低，截至发稿，中创新航(03931)跌6.66%，报31.1港元；赣锋锂业 (01772)跌5.75%，报59.05港元；天齐锂业(09696)跌5%，报54.15港元；宁德时代(03750)跌2.47%，报513 港元。 ...

Core Viewpoint - Ningde Times announced a non-public transfer of shares at a price of 376.12 CNY per share, with a total of 45.6324 million shares being transferred, resulting in a cash-out of over 17.1 billion CNY for the third-largest shareholder, Huang Shilin [3][4]. Group 1: Share Transfer Details - The share transfer was fully subscribed by 16 institutional investors, with a total of 1.465 billion shares effectively subscribed, resulting in a subscription multiple of 3.2 times [3]. - The transfer price was determined based on the average stock price over the previous 20 trading days, set at no less than 70% of that average [4]. - The stock price of Ningde Times fell by 3.3% to 390.78 CNY on the day of the announcement [3]. Group 2: Market Context and Risks - Huang Shilin has previously reduced his holdings multiple times through block trades, with stock prices fluctuating between 180 CNY and 330 CNY in the first half of 2022 [4]. - Approximately 77.5 million shares from Ningde Times' H-share IPO cornerstone investors will be unlocked on November 20, 2025, with a market value exceeding 40 billion HKD [4]. - The company faces risks such as the potential restoration of the new energy vehicle purchase tax in 2026 and rising lithium carbonate prices, which surged by 63% compared to six months ago [4].

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之內容概不負責，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份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 Contemporary Amperex Technology Co., Limited 寧德時代新能源科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3750） 海外監管公告 股東詢價轉讓定價情況提示性公告 中國•寧德，二零二五年十一月十七日 於本公告日期，本公司董事會成員包括執行董事曾毓群先生、潘健先生、李平先 生、周佳先生、歐陽楚英博士及趙豐剛先生；及獨立非執行董事吳育輝博士、林 小雄先生及趙蓓博士。 证券代码：300750 证券简称：宁德时代 公告编号：2025-087 宁德时代新能源科技股份有限公司 股东询价转让定价情况提示性公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列寧德時代新能源科技股份有限公司（「本公司」）於深圳證券交易所網站 （ http://www.szse.cn/ ）及巨潮資訊網( www.cninfo.com.cn ...

Core Viewpoint - Rongbai Technology, a lithium battery cathode material company, recently secured a significant business deal with CATL, leading to a surge in its stock price despite reporting a loss of over 200 million yuan in the first three months of the year [2][4]. Group 1: Business Developments - Rongbai Technology signed a cooperation agreement with CATL, designating it as the primary supplier of sodium battery cathode materials, with CATL committing to purchase at least 60% of its total procurement from Rongbai if annual purchases exceed 500,000 tons [2]. - The cooperation agreement is effective until December 31, 2029, with automatic renewal unless either party objects three months prior to expiration [2]. - To meet customer demand, Rongbai Technology has initiated the construction of a production line in Xiangtan with an annual capacity of 6,000 tons for sodium battery cathode materials [4]. Group 2: Market Position and Performance - Rongbai Technology's revenue for the first three quarters was 8.986 billion yuan, a year-on-year decrease of 20.64%, with a net profit attributable to shareholders of -204 million yuan, a decline of 274.96% [4][8]. - The company has established over 300,000 tons of cathode production capacity and is expanding its overseas operations, including a 60,000 tons/year production capacity in South Korea and a 25,000 tons/year facility in Poland expected to be operational by mid-2026 [7]. - The sodium battery products are positioned to capture significant market share in various applications, including power, energy storage, and start-stop power sources, with expectations of rapid growth in production and sales from the second half of this year through 2026 [3][4]. Group 3: Technological Advancements - CATL's sodium-ion battery, branded as "Ningde Times Sodium New," has achieved an energy density of 175 Wh/kg, nearing the performance levels of current lithium iron phosphate batteries [3]. - The sodium-ion battery is expected to enhance market penetration in cold climates and has a range exceeding 500 kilometers, addressing over 40% of domestic passenger vehicle market demand [3]. - Rongbai Technology is also advancing in solid-state battery technology, with significant progress in both cathode materials and solid electrolytes, aiming for production in early 2026 [7].

来源：滚动播报 摩根大通指，随市场热烈讨论宁德时代(03750.HK)的最新订单，投资者对其明年产能预期亦随之上升， 该行虽仍将宁德时代视为内地电池产业链的首选股，但考虑到宁德时代H股仍较A股有10%溢价，预期 AH股差价会在H股"解禁"下收窄，故降其目标价4.2%至575港元，评级"中性"。宁德时代近50%的H股 IPO锁定股份将于11月20日起解禁，约7750万股面临潜在抛售。摩通表示，中石化等部分策略投资者不 太可能出售股份，但基于宁德时代股价较上市价高107%，而且H股现价较A股溢价23%，这在双重上市 股份中极为罕见，故股份解禁将对股价出现一定压力。 ...

Core Insights - The article highlights the top and bottom AH share premium rates, indicating significant discrepancies in market valuations between H-shares and A-shares for various companies [1][2][3]. Group 1: Top AH Share Premium Rates - Northeast Electric (00042) leads with a premium rate of 815.25%, followed by Hongye Futures (03678) at 277.62% and Sinopec Oilfield Service (01033) at 276.83% [1][2]. - The premium rates for the top three companies indicate a strong market preference for their H-shares compared to A-shares [2]. Group 2: Bottom AH Share Premium Rates - Contemporary Amperex Technology (03750) has the lowest premium rate at -7.20%, with China Merchants Bank (03968) at -0.80% and Heng Rui Medicine (01276) at 4.11% [1][3]. - The negative premium for Contemporary Amperex Technology suggests a potential undervaluation of its H-shares relative to A-shares [3]. Group 3: Premium Deviation Values - Zhongwei New Materials (02579) has the highest deviation value at 77.12%, indicating a significant difference from its historical average premium rate [1][4]. - The lowest deviation values are seen in Northeast Electric (00042) at -22.71%, suggesting a consistent underperformance compared to its historical premium [1][5].

每经AI快讯，宁德时代(03750.HK)盘中跌近4%，截至发稿，跌3.6%，报522.5港元，成交额6.69亿港 元。 （文章来源：每日经济新闻） ...