Group 1 - The top three companies with the highest short positions are Vanke Enterprises (02202), Dongfang Electric (01072), and COSCO Shipping Holdings (01919), with short ratios of 18.64%, 17.51%, and 16.68% respectively [1][2] - The company with the largest increase in short positions is Dongfang Electric (01072), which saw an increase of 2.20% from the previous short ratio [1][2] - The companies with the largest decrease in short positions include Sanhua Intelligent Control (02050), Tianqi Lithium (09696), and Yuejiang (02432), with decreases of -1.42%, -0.82%, and -0.71% respectively [1][3] Group 2 - The latest short position data shows that Vanke Enterprises has 411 million shares shorted, while Dongfang Electric has 71.45 million shares, and COSCO Shipping Holdings has 480 million shares shorted [2] - The companies with the largest increases in short positions also include JAKS Resources B (01167) and CSPC Pharmaceutical Group (01093), with increases of 0.77% and 0.56% respectively [2] - The companies with the largest decreases in short positions also include Ganfeng Lithium (01772) and Sunac China (01918), with decreases of -0.68% and -0.55% respectively [3][4]

| 股票名称 | H股(港元) | A股 | 溢价率 | 偏离值↓ | | --- | --- | --- | --- | --- | | 浙江世宝(01057) | 4.950 | 20.6 | 398.38% | 86.11% | | 广和通(00638) | 15.750 | 29.64 | 125.40% | 17.07% | | 中船防务(00317) | 13.170 | 28.45 | 158.77% | 11.89% | | 京城机电股份 (00187) | 4.100 | 12.54 | 266.34% | 11.57% | | 弘业期货(03678) | 3.290 | 10.6 | 286.02% | 10.87% | | 中远海发(02866) | 1.070 | 2.52 | 182.24% | 8.61% | 智通财经APP获悉，截止1月2日收盘，东北电气(00042)、浙江世宝(01057)、弘业期货(03678)分列AH溢 价率前三位，溢价率分别为847.37%、398.38%、286.02%；宁德时代(03750)、招商银行(03968)、恒瑞 医药(01276)分列AH溢价 ...

December 30, 2025 11:42 PM GMT M Update Contemporary Amperex Technology Co. Ltd. | Asia Pacific ePV Subsidy Continuity Confirmed, Uncertainty Removed Key Takeaways 2026 large-scale equipment renewal and consumer goods trade-in policy for electric passenger vehicles (ePV): Morgan Stanley Asia Limited+ Jack Lu Equity Analyst Jack.Lu@morganstanley.com +852 2848-5044 Contemporary Amperex Technology Co. Ltd. (300750.SZ, 300750 CS) Top Pick China Energy & Chemicals | China Stock Rating Overweight Industry View In ...

Core Viewpoint - The report highlights the top and bottom AH share premium rates, indicating significant discrepancies in market valuations between H-shares and A-shares for various companies, with notable outliers in both categories [1][2]. Group 1: Top AH Share Premium Rates - Northeast Electric (00042) leads with a premium rate of 900.00%, followed by Zhejiang Shibao (01057) at 402.44% and Hongye Futures (03678) at 294.14% [1]. - The top three companies with the highest deviation values are Zhejiang Shibao (01057) at 98.41%, Jin Feng Technology (02208) at 27.90%, and Hongye Futures (03678) at 19.75% [1][2]. Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -12.98%, followed by China Merchants Bank (03968) at -4.49% and Heng Rui Medicine (01276) at 0.14% [1]. - The bottom three companies with the lowest deviation values are GAC Group (02238) at -24.57%, Zhongwei New Materials (02579) at -9.99%, and Chenming Paper (01812) at -9.89% [1][3]. Group 3: Additional Insights on Premium Rates - The report includes a detailed ranking of the top ten and bottom ten AH shares based on premium rates and deviation values, providing a comprehensive overview of market performance [1][2][3]. - Companies like Jiangsu Ningshu Highway (00177) and Agricultural Bank (01288) also show significant deviations, indicating potential investment opportunities or risks [3].

该行认为，电动乘用车补贴延续，可确保2026年电动车电池行业有高单位数增长，而强劲的电动货车及 储能系统表现亦将进一步提升行业盈利。若需求强劲导致电池材料价格持续上升，该行相信宁德时代 （300750）(03750)将会透过定价策略转嫁成本压力。该行现予宁德时代A股(300750.SZ)目标价490元人 民币及"增持"评级，并列为行业首选。 摩根士丹利发布研报称，内地2026年国补政策出台，虽然新政策将补贴金额与汽车售价挂钩，有别于 2025年的定额补贴，但补贴上限及覆盖的车款大致维持不变。市场近期曾忧虑补贴的持续性，担心2026 年首季电动乘用车销售或出现显著下滑，如今此不确定性已消除。 ...

媒体记者从全国汽车标准化技术委员会获悉，12月30日，固态电池首个国家标准——《电动汽车用固态 电池 第1部分：术语和分类》公开征求意见。 征求意见稿明确了固态电池的相关术语、分类、编码等基础内容，标志着固态电池技术开始由实验室走 向产业化。 智通财经APP获悉，据高工产业研究院(GGII)不完全统计，2025年我国锂电产业链全环节公开投资项目 (含锂电池及主要材料、固态电池、钠电池)超282个，总投资额超8200亿元，同比增长超74%。 随着固态电池技术的快速发展，概念股备受机构关注。统计显示，四季度以来共有22只概念A股获得机 构调研，其中16股调研机构家数在10家及以上。 近日，媒体记者从全国社会保障基金理事会相关人士处获悉，全国社会保障基金理事会曾对多家固态电 池企业开展过调研与考察。 招商证券研报表示，传统锂电方面，储能需求爆发，带动电池扩产加速。 2025年，产业链上下游围绕固固界面问题，在材料端、制造端等提出多种解决方案，包括在电解质中引 入碘离子、等静压设备的持续迭代、ALD技术实现界面改性等。随着工艺成熟和降本持续推进，固态 电池量产进程有望加速。 固态电池目前正处于由实验室、小试走向中试交 ...

Core Viewpoint - The global IPO market is expected to fully recover by 2025, primarily supported by a fundamental shift in the global liquidity environment as major central banks, led by the Federal Reserve, begin to lower interest rates after a period of aggressive rate hikes since 2022 [2] Group 1: Market Dynamics - The Hong Kong stock market has regained its position as the top global IPO fundraising market, with total IPO fundraising expected to reach HKD 2787.03 billion (approximately USD 359 billion), surpassing the Nasdaq's USD 258 billion, marking the highest level since 2021 [6] - The influx of capital from both domestic and international investors has created a dual-driven dynamic in the Hong Kong market, providing significant liquidity support for large IPO projects [2][4] - The number of IPO applications processed by the Hong Kong Stock Exchange has surged to 331, up from 84 at the beginning of the year, indicating a potential acceleration in IPO transactions towards the end of the year [4][19] Group 2: Notable IPOs - The largest IPO in Hong Kong this year was by Contemporary Amperex Technology Co., Ltd. (宁德时代), raising HKD 310.06 billion (approximately USD 39.88 billion) with a cumulative increase of 89.28% since listing [12] - Other significant IPOs include Zijin Mining's spin-off, which raised HKD 249.84 billion (approximately USD 32.14 billion), and the listing of Seres, which raised HKD 131.76 billion (approximately USD 16.95 billion) [12] Group 3: Future Outlook - The IPO market is expected to become more crowded in 2026, with a significant number of companies, particularly in the technology and innovation sectors, preparing for potential listings [16][18] - Major companies like SpaceX and AI leaders such as OpenAI and Anthropic are anticipated to initiate IPO processes, which could lead to the largest IPO wave in history [18] - The Hong Kong market may face challenges due to a backlog of IPO applications, which could exacerbate competition in the global IPO landscape [19][20]

| 股票名称 | H股(港元) | A股 | 溢价率↑ | 偏离值 | | --- | --- | --- | --- | --- | | 宁德时代(03750) | 503.000 | 369.2 | -12.08% | -4.43% | | 招商银行(03968) | 53.000 | 42.28 | -4.45% | -3.22% | | 恒瑞医药(01276) | 71.300 | 60.18 | 1.09% | -1.62% | | 潍柴动力(02338) | 18.970 | 17.36 | 9.59% | 2.21% | | 药明康德(02359) | 99.950 | 91.9 | 10.14% | 2.66% | | 美的集团(00300) | 85.700 | 78.85 | 10.21% | 2.07% | | 紫金矿业(02899) | 35.360 | 33.42 | 13.21% | 1.66% | | 三一重工(06031) | 22.000 | 21.04 | 14.55% | 0.15% | | 福耀玻璃(03606) | 66.800 | 64.5 | 15.66% | 1 ...

香港联交所最新数据显示，12月22日，贝莱德增持宁德时代（03750）33.6215万股，每股作价约 505.5117港元，总金额约为1.7亿港元。增持后最新持股数目约为794.68万股，持股比例为5.10%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 香港联交所最新数据显示，12月22日，贝莱德增持宁德时代（03750）33.6215万股，每股作价约 505.5117港元，总金额约为1.7亿港元。增持后最新持股数目约为794.68万股，持股比例为5.10%。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

智通财经APP获悉，香港联交所最新数据显示，12月22日，贝莱德增持宁德时代(03750)33.6215万股， 每股作价约505.5117港元，总金额约为1.7亿港元。增持后最新持股数目约为794.68万股，持股比例为 5.10%。 ...