Niki：快手在中午的時候，跌幅比較急，成交額排行在港股市場榜首的位置。消息方面，市場有消息指出"快手-W(01024.HK)旗下快手本地生活近日在「團 購」頁面上線獨立「外賣」入口，可連接到「外賣省心購」的頁面，商品覆蓋漢堡披薩、咖啡奶茶、速食便當等品類，品牌包括肯德基、麥當勞、瑞幸及星 巴克等。"大家都比較關注市場競爭的情況。市場對於這個消息的反應，從股價也看的出來，比較負面一些。今日看到有投資者參與快手的認沽證產品，其 中中銀認沽證17484，行使價50元，槓桿2-3倍，明年12月到期，如果認為快手沒有調整完的話，都可以繼續關注這只產品。認購證方面，中銀認購證 17442，行使價88.93元，槓桿4倍，明年7月到期。 Simon：今日很高興再次邀請中銀國際的董事朱紅Niki做客我們的專欄，分享港股市場，不如先看看指數的情況？ Niki：感謝邀請。近期指數在25000點上上落落。今日曾經上過25000樓上，最終收市24969位置。指數走的比較牛皮，觀察後市能否企穩25000之上？目前恆 指的牛熊證街貨分佈顯示，投資者主流買入牛證。差不多65%資金買入牛證，大概有35%資金買入熊證淡倉，與上周情況一樣，沒有 ...

Group 1 - The article highlights the top three companies with the highest AH premium rates as Northeast Electric (800.00%), Hongye Futures (224.47%), and Andeli Juice (219.79%) [1] - The bottom three companies with the lowest AH premium rates are Ningde Times (-22.45%), Hengrui Medicine (-4.84%), and China Merchants Bank (4.09%) [1] - The article provides a detailed ranking of the top ten and bottom ten AH stocks based on their premium rates and deviation values [1] Group 2 - The top three companies with the highest deviation values are Andeli Juice (30.94%), Beijing Beichen Industrial (16.61%), and Jinli Permanent Magnet (15.22%) [1] - The bottom three companies with the lowest deviation values are BYD Company (-158.79%), Northeast Electric (-64.08%), and Longpan Technology (-41.16%) [1] - The article includes a comprehensive table listing the premium rates and deviation values for the top and bottom AH stocks [2]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant disparities in market valuations between A-shares and H-shares [1][2] - Northeast Electric (00042) leads with a premium rate of 785.25%, while CATL (03750) shows a negative premium rate of -24.17%, suggesting potential investment opportunities and risks [1] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042) at 785.25% - Hongye Futures (03678) at 224.58% - Andeli Juice (02218) at 221.77% [1] - The bottom three stocks with the lowest AH premium rates are: - CATL (03750) at -24.17% - Heng Rui Medicine (01276) at -3.29% - China Merchants Bank (03968) at 5.44% [1] Deviation Values - The stocks with the highest deviation values are: - Andeli Juice (02218) at 34.56% - Beijing Beichen Industrial (00588) at 25.56% - Jinli Permanent Magnet (06680) at 17.10% [1] - The stocks with the lowest deviation values include: - BYD Company (01211) at -163.29% - Northeast Electric (00042) at -86.52% - Longpan Technology (02465) at -40.42% [1][2] Additional Insights - The article provides a detailed table of the top ten and bottom ten AH stocks based on premium rates and deviation values, which can serve as a reference for investors [1][2]

Core Viewpoint - Morgan Stanley reports that CATL's (宁德时代) lithium mine in Yichun, with an annual production capacity of 100,000 tons of lithium carbonate equivalent, has seen its mining license expire, leading to a production halt. Despite this, the firm maintains a positive outlook on CATL's competitive pricing due to its scale advantage and the ability to pass on rising costs to automakers, assigning an "Overweight" rating with a target price of HKD 465 [1]. Group 1 - The Yichun lithium mine accounts for approximately 30% of CATL's total demand, previously serving as a global lithium supply regulator [1]. - The mine has experienced low utilization rates in recent quarters, resulting in breakeven or slight losses [1]. - CATL recorded over RMB 3 billion in asset impairment losses in Q3 of last year to reflect weak lithium prices, indicating a proactive approach to financial management [1]. Group 2 - The suspension of production at the Yichun lithium mine may lead to an increase in lithium prices, which could enhance the value of CATL's existing raw material inventory [1].

截止8月11日收盘，东北电气(00042)、弘业期货(03678)、安德利果汁(02218)分列AH溢价率前三位，溢 价率分别为770.97%、221.01%、219.72%；宁德时代(03750)、恒瑞医药(01276)、招商银行(03968)分列 AH溢价率末三位，溢价率分别为-24.16%、-5.73%、6.71%。其中安德利果汁(02218)、北京北辰实业股 份(00588)、山东墨龙（维权）(00568)的偏离值位居前三，分别为34.07%、19.49%、12.60%；另外，比 亚迪股份(01211)、东北电气(00042)、龙蟠科技(02465)的偏离值位居后三，分别 为-170.41%、-108.95%、-46.01%。 前十大AH股溢价率排行 | 股票名称 | H股(港元) | A股 | 溢价率↓ | 偏离值 | | --- | --- | --- | --- | --- | | 东北电气(00042) | 0.310 | 2.25 | 770.97% | -108.95% | | 弘业期货(03678) | 4.760 | 12.76 | 221.01% | -11.05% | | 安德利果 ...

（原标题：美银证券：宁德时代(03750)宜春锂矿停产令供应减少 升赣锋锂业(01772)及天齐锂业(09696)评级至"买入" 大幅上调目标价） 该行将赣锋锂业(01772)评级由"跑输大市"一举上调至"买入"，目标价由17港元大幅升至35港元，又将天齐锂业(09696)评级由"跑输大市"一举升 至"买入"，目标价由21港元大幅上调至50港元。 智通财经APP获悉，美银证券发布研报称，宁德时代(03750)江西宜春锂矿工厂因采矿许可证到期，自8月10日暂停生产。由于当地政府要求8个锂 矿工厂完成资源核查报告，如果检查变得更加严格，部分供应或需要暂停。该行表示，宁德时代的供应减少，加上旺季需求，或导致每月5,000至 1万吨碳酸锂当量(LCE)去库存，今年底的库存或会下降至约10万至11万吨的水平。 ...

Core Viewpoint - The report from Bank of America indicates that CATL's lithium mine factory in Yichun, Jiangxi, has suspended production due to the expiration of its mining license, which may lead to reduced supply and increased demand during the peak season [1] Group 1: Company Impact - CATL's supply reduction, combined with seasonal demand, could result in a depletion of 5,000 to 10,000 tons of lithium carbonate equivalent (LCE) per month, potentially lowering inventory levels to approximately 100,000 to 110,000 tons by the end of the year [1] - Ganfeng Lithium's rating has been upgraded from "Underperform" to "Buy," with a target price raised from HKD 17 to HKD 35 [1] - Tianqi Lithium's rating has also been upgraded from "Underperform" to "Buy," with a target price increased from HKD 21 to HKD 50 [1]

Group 1 - The top three companies with the highest short positions as of August 1 are WuXi AppTec (02359), CATL (03750), and Luye Pharma (02186), with short ratios of 20.99%, 15.26%, and 13.94% respectively [1][2] - The companies with the largest absolute increase in short positions are ZTE Corporation (00763), Jinxin Fertility (01951), and Vanke Enterprises (02202), with increases of 2.92%, 2.49%, and 2.44% respectively [1][2] - The companies with the largest absolute decrease in short positions are UBTECH Robotics (09880), Kelai Ying (06821), and Mingyuan Cloud (00909), with decreases of -2.34%, -1.30%, and -1.28% respectively [1][3] Group 2 - The top ten companies with the highest short ratios include WuXi AppTec (02359) at 20.99%, CATL (03750) at 15.26%, and Luye Pharma (02186) at 13.94% [2] - The companies with the most significant increase in short ratios include ZTE Corporation (00763) from 8.47% to 11.39%, Jinxin Fertility (01951) from 7.94% to 10.43%, and Vanke Enterprises (02202) from 9.81% to 12.26% [2] - The companies with the most significant decrease in short ratios include UBTECH Robotics (09880) from 3.97% to 1.63%, Kelai Ying (06821) from 7.30% to 6.01%, and Mingyuan Cloud (00909) from 4.33% to 3.04% [3][4]

Core Insights - The article highlights the top and bottom AH premium rates for various stocks as of August 8, with Northeast Electric (00042) leading at a premium rate of 770.97% and CATL (03750) at the bottom with -22.46% [1][2] AH Premium Rate Rankings - The top three stocks with the highest AH premium rates are: - Northeast Electric (00042) with a premium rate of 770.97% - Hongye Futures (03678) at 229.95% - Andeli Juice (02218) at 224.58% [1] - The bottom three stocks with the lowest AH premium rates are: - CATL (03750) at -22.46% - Hengrui Medicine (01276) at -5.75% - Zijin Mining (02899) at 6.68% [1] Deviation Value Rankings - The stocks with the highest deviation values are: - Andeli Juice (02218) with a deviation value of 40.85% - Beijing Beichen Industrial (00588) at 16.67% - Jinli Permanent Magnet (06680) at 16.31% [1] - The stocks with the lowest deviation values are: - BYD Company (01211) at -178.26% - Northeast Electric (00042) at -116.66% - Chenming Paper (01812) at -43.85% [1][2] Additional Insights - The top ten AH stocks by premium rate include companies like Fudan Zhangjiang (01349) and Sinopec Oilfield Service (01033), with premium rates exceeding 200% [1] - The bottom ten AH stocks by premium rate include companies like Weichai Power (02338) and Midea Group (00300), with premium rates showing slight positive values or negative values [1][2]

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7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: 2025年8月6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 | | 2. 股份分類 | 普通股 | 股份 ...