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，並明確表示概不會就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。 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） 鑒於按照中國企業會計準則及國際財務報告準則編製的財務報表已基本趨同，本 公司擬自2025年年度財務報告開始，統一採用中國企業會計準則編製財務報表及 披露相關財務資料。本公司統一採用中國企業會計準則編製財務報告及披露相關 財務資料，對本公司業績或財務狀況均不會構成任何重大影響。 根據本公司於2025年1月17日召開的2025年第一次臨時股東大會決議，本公司聘 請致同（香港）會計師事務所有限公司(Grant Thornton Hong Kong Limited)（「致同 香港」）為本公司首次公開發行H股並於聯交所主板上市事宜的申報會計師。鑒於 本公司已於2025年5月20日完成在聯交所主板的掛牌上市，致同香港的工作內容 已 ...

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 18.81%, 18.09%, and 16.45% respectively [1][2] - The companies with the largest increase in short positions are Lens Technology (06613), Shangmei Co., Ltd. (02145), and Youran Dairy (09858), with increases of 2.38%, 0.97%, and 0.64% respectively [1][2] - The companies with the largest decrease in short positions are Sanhua Intelligent Control (02050), SenseTime-W (00020), and Ganfeng Lithium (01772), with decreases of -1.93%, -1.22%, and -1.06% respectively [1][2] Group 2 - The top ten companies with the highest short ratios include Hengrui Medicine (01276) at 15.21%, ZTE Corporation (00763) at 14.26%, and Ping An Insurance (02318) at 14.10% [2] - The companies with the most significant increase in short ratios also include China Merchants Bank (03968) at 7.77% and Laopu Gold (06181) at 4.27% [2] - The companies with the most significant decrease in short ratios also include Zhongchuang Zhiling (00564) at 4.15% and Weichai Power (02338) at 4.93% [2]

Group 1 - The article highlights the top three companies with the highest AH premium rates as Northeast Electric (00042) at 785.25%, Zhejiang Shibao (01057) at 448.59%, and Nanjing Panda Electronics (00553) at 286.79% [1] - The bottom three companies with the lowest AH premium rates are CATL (03750) at -10.95%, China Merchants Bank (03968) at -1.58%, and Heng Rui Medicine (01276) at -0.35% [1] - The article provides a detailed ranking of the top ten and bottom ten AH stocks based on their premium rates and deviation values, indicating significant disparities in market valuations between A-shares and H-shares [1][2] Group 2 - The deviation values for the top three companies are led by Zhejiang Shibao (01057) at 113.76%, Nanjing Panda Electronics (00553) at 79.68%, and Goldwind Technology (02208) at 69.37% [1] - The companies with the lowest deviation values include Northeast Electric (00042) at -93.22%, Chenming Paper (01812) at -28.66%, and CICC (03908) at -22.09% [1][2] - The article notes that the deviation value represents the difference between the current premium rate and the average premium rate over the past 30 days, providing insights into market trends [2]

Summary of Key Points Core Viewpoint - The Hong Kong IPO market in 2025 demonstrated remarkable vitality, attracting 119 companies and raising a total of HKD 285.6 billion, marking a year-on-year increase of 224%, making it the largest fundraising market globally [2][6]. Group 1: Listing Overview - A total of 119 companies successfully listed on the Hong Kong Stock Exchange in 2025, with 118 on the main board and 1 on the GEM board [3]. - The listing methods diversified, including 1 introduction listing, 2 SPAC reverse mergers, and 2 GEM transfers to the main board, indicating a more flexible approach to listing [3][6]. Group 2: Fundraising Scale - The total fundraising amount for the 114 effective listings (excluding special listings) reached HKD 285.87 billion, a significant increase of 226% compared to 2024, with a growth of over HKD 198 billion [6]. - 19 companies achieved dual listings (A+H), raising a total of HKD 141.9 billion, accounting for 50% of the total fundraising [9]. Group 3: Industry Distribution - The healthcare sector led with 20 listings (nearly 17% of total), reflecting strong capital demand from innovative pharmaceutical and medical service companies [11]. - The consumer retail sector had 14 listings, primarily from tea and food chain brands, driven by the recovery in consumer spending [11]. - The industrial materials and technology sectors each had 10 listings, focusing on high-end manufacturing and hard technology, respectively [11]. Group 4: Regional Distribution - The majority of listings were concentrated in the eastern coastal economic belt, particularly in the Yangtze River Delta, which accounted for over 30 listings [14]. - Other regions like Guangdong, Beijing, and Fujian had around 10 listings each, while listings from central and western regions were minimal [14]. Group 5: Market Outlook - The Hong Kong market is expected to benefit from external factors such as the Federal Reserve's interest rate cuts and stable RMB exchange rates, enhancing its attractiveness to global capital [17]. - The outlook for 2026 suggests a shift from liquidity-driven growth to profit-driven growth, with sectors like AI, renewable energy, and biomedicine showing long-term potential [17].

智通财经APP获悉，香港联交所最新数据显示，1月2日，摩根大通增持宁德时代(03750)79.3478万股， 每股作价514.7572港元，总金额约为4.08亿港元。增持后最新持股数目约为1108万股，持股比例为 7.1%。 ...

Group 1 - The article highlights the top three companies with the highest AH premium rates: Northeast Electric (00042) at 785.25%, Zhejiang Shibao (01057) at 433.39%, and Hongye Futures (03678) at 275.07% [1] - The bottom three companies with the lowest AH premium rates are Ningde Times (03750) at -12.17%, Hengrui Medicine (01276) at -1.77%, and China Merchants Bank (03968) at -0.48% [1] - The article also lists the top three companies with the highest deviation values: Zhejiang Shibao (01057) at 104.40%, Goldwind Technology (02208) at 57.76%, and Nanjing Panda Electronics (00553) at 27.70% [1] Group 2 - The companies with the lowest deviation values include Northeast Electric (00042) at -95.85%, Chenming Paper (01812) at -26.90%, and Nanhua Futures (02691) at -19.11% [2] - The top ten AH stocks by premium rate include Sinopec Oilfield Service (01033) at 266.67% and Fudan Zhangjiang (01349) at 242.24% [1] - The bottom ten AH stocks by premium rate include WuXi AppTec (02359) at 4.34% and Weichai Power (02338) at 7.12% [1]

Group 1 - The core viewpoint of the report indicates that lithium carbonate and lithium hydroxide prices have increased significantly, with lithium carbonate reaching 107,000 yuan/ton (up 16% month-on-month) and lithium hydroxide at 89,000 yuan/ton (up 11% month-on-month) [1] - The lithium battery production forecast for January 2026 shows a year-on-year increase of 29%-52% across various components, with separators and electrolytes exceeding 50% growth [3] - The demand for lithium battery materials remains strong, with prices for positive materials, electrolytes, and resource products rising, while hexafluorophosphate lithium has seen a significant decline of 15% [3] Group 2 - In November, the sales of new energy vehicles in China, Europe, and the US were 157,000, 300,000, and 80,000 units respectively, showing a year-on-year growth of 19%, 39%, and a decline of 42% [2] - Domestic energy storage installations in November rebounded strongly to 11.6 GWh, with a year-on-year increase of 31% and a month-on-month increase of 213% [2] - The sodium battery industry is expected to accelerate its commercialization process, with projected shipments nearing 9 GWh in 2025, driven by advancements in materials and cell technology [3] Group 3 - The investment outlook for 2026 suggests a significant increase in lithium battery prices and a diverse growth in the industry, with recommendations for companies involved in lithium carbonate, separators, and solid-state technology [4]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 寧德時代新能源科技股份有限公司（「本公司」） 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03750 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 155,915,300 | RMB | | | 1 RMB | | 155,915,300 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 155,915,300 | RMB | | | 1 RMB | | 155,915,300 | | ...

Group 1 - Morgan Stanley has set a target price of 180 RMB for Suyuan Electric (002028.SZ) and 650 HKD for CATL H-shares (03750), with a target price of 520 RMB for CATL A-shares (300750.SZ), all rated as "Overweight" [1] - Suyuan Electric and CATL have signed a three-year memorandum of cooperation for energy storage, targeting a collaboration of 50 GWh [1] - Morgan Stanley believes this cooperation indicates Suyuan Electric's intention to expand its energy storage system business, potentially generating approximately 20 billion RMB in annual revenue if capacity is fully realized [1] Group 2 - Although Suyuan Electric's current energy storage business scale is relatively small, its market share is continuously expanding [1] - The company's relationships with grid operators and renewable energy operators facilitate cross-selling of power equipment and energy storage solutions [1] - Suyuan Electric's foundation in super-capacitors also aids in the development of differentiated energy storage products [1] Group 3 - For CATL, while the contract size is not particularly significant compared to its overall business volume, the collaboration with Suyuan Electric is expected to further solidify CATL's position in the energy storage market [1]

Group 1 - Morgan Stanley has set a target price of 180 RMB for Suyuan Electric (002028.SZ) and 650 HKD for CATL H-shares (03750), with a target price of 520 RMB for CATL A-shares (300750.SZ), all rated as "Overweight" [1] - Suyuan Electric and CATL have signed a three-year memorandum of understanding for energy storage cooperation, aiming for a collaboration of 50 GWh [1] - Morgan Stanley believes this cooperation indicates Suyuan Electric's intention to expand its energy storage system business, potentially generating approximately 20 billion RMB in annual revenue if the related capacity is fully realized [1] Group 2 - Although Suyuan Electric's current energy storage business scale is relatively small, its market share is continuously expanding [1] - The company's relationships with grid and renewable energy operators facilitate cross-selling of power equipment and energy storage solutions [1] - Suyuan Electric's foundation in super-capacitors also aids in the development of differentiated energy storage products [1] Group 3 - For CATL, while the scale of this contract is not particularly significant compared to its overall business volume, the collaboration with Suyuan Electric is expected to further solidify CATL's position in the energy storage market [1]