FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 協鑫科技控股有限公司 呈交日期： 2025年11月7日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 03800 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 目 | ...

（股份代號：3800） 第 2A 批認購事項完成 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 致之任何損失承擔任何責任。 GCL Technology Holdings Limited 協鑫科技控股有限公司 （於開曼群島註冊成立之有限公司） GCL Technology Holdings Limited 協鑫科技控股有限公司 主席 朱共山 香港，2025年11月7日 於本公告日期，董事會包括執行董事朱共山先生（主席）、朱鈺峰先生、朱戰軍先生、孫瑋女士、蘭天 石先生及楊文忠先生；以及獨立非執行董事何鍾泰博士、沈文忠博士、李俊峰先生及葉棣謙先生。 – 1 – 茲提述協鑫科技控股有限公司（「本公司」）日期為2025年9月16日、2025年9月25日及 2025年10月10日有關根據一般授權發行新股份之公告（「該等公告」）。本公告所用詞彙 與該等公告所界定者具有相同涵義。 本公司欣然宣佈，第2A批認購事項已於2025年11月7日完成。合共1,353,043,000股 認購股份已按每股 ...

| 港股通(沪)活跃成交股 | | --- | 智通财经APP获悉，11月7日港股市场，北水成交净买入75.23亿港元，其中港股通(沪)成交净买入36.86亿港元，港股通(深) 成交净买入38.37亿港元。 北水净买入最多的个股是小米集团-W(01810)、中海油(00883)、华虹半导体(01347)。北水净卖出最多的个股是腾讯(00700)、 阿里巴巴-W(09988)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W HK 09988 | 21.68亿 | 18.65 乙 | 40.32亿 | | | | | +3.03亿 | | 小米集团-W HK 01810 | 16.84 Z | 10.15 亿 | 26.99 亿 | | | | | +6.681Z | | 腾讯控股 | 8.89 乙 | 14.43 乙 | 23.33 乙 | | HK 00700 | | | -5.54 Z | | 中芯国际 | 10.89 亿 | 11.61亿 | 22.51亿 | | HK 00981 | | | -7 ...

Core Viewpoint - The photovoltaic stocks continue to rise, driven by news of a planned restructuring platform for polysilicon, which is expected to create a fund of approximately 70 billion yuan for acquisitions [1][1]. Group 1: Stock Performance - Xinyi Solar (00968) increased by 5.42%, trading at 3.89 HKD [1]. - Flat Glass (601865) rose by 4.79%, reaching 12.69 HKD [1]. - New Energy (01799) saw a 2.48% increase, priced at 8.68 HKD [1]. - GCL-Poly Energy (03800) gained 2.17%, trading at 1.41 HKD [1]. Group 2: Industry Developments - A consortium for the restructuring of polysilicon is in the planning stages, with specific acquisition details still under discussion [1]. - The consortium is expected to establish a fund of around 70 billion yuan, utilizing a leveraged acquisition strategy [1]. - GCL-Poly's chairman indicated that 17 leading companies have largely agreed to form the consortium, with completion anticipated by 2025 [1]. Group 3: Market Trends - According to a report from Industrial Securities, the third quarter saw a rise in polysilicon prices due to anti-competitive measures, leading to a reduction in losses for the photovoltaic main chain [1]. - The photovoltaic industry is expected to experience a quarter-on-quarter improvement in performance, supported by both anti-competitive measures and structural opportunities from supply-side reforms and technological changes [1].

Group 1 - The core viewpoint of the news highlights a significant rally in Hong Kong's photovoltaic solar stocks, driven by the anticipation of a restructuring "joint platform" for polysilicon companies, with a proposed fund size of around 70 billion yuan [1] - Major solar companies such as GCL-Poly Energy and Xinyi Solar have seen substantial stock price increases, with GCL-Poly rising by 7.25% and Xinyi Solar by 6.78% [2] - The restructuring initiative involves 17 leading companies agreeing to form a consortium, with plans to complete the process by 2025 [1][2] Group 2 - The stock performance of key companies includes GCL-Poly Energy with a market cap of 45.155 billion yuan and a year-to-date increase of 37.04%, and Xinyi Solar with a market cap of 36.039 billion yuan and a year-to-date increase of 27.18% [2] - Other notable performers include LONGi Green Energy and Sunshine Energy, both showing significant gains of over 5% [1][2] - The restructuring is expected to leverage 10 billion yuan to facilitate a 70 billion yuan acquisition through a debt-based approach [1]

Core Viewpoint - The Hong Kong photovoltaic stocks have risen against the trend, with significant gains for leading companies, indicating a positive market sentiment driven by consolidation efforts in the industry [1] Group 1: Stock Performance - Xinyi Solar (00968.HK) increased by 5.15% to HKD 3.880 [2] - Flat Glass Group (06865.HK) rose by 4.38% to HKD 12.640 [2] - GCL Technology (03800.HK) saw a gain of 2.17% to HKD 1.410 [2] - New Energy (01799.HK) experienced a modest increase of 1.53% to HKD 8.600 [2] Group 2: Industry Developments - Major photovoltaic companies are negotiating mergers and acquisitions with smaller firms to eliminate excess capacity in the industry [1] - GCL Group's chairman announced that 17 silicon material companies have agreed to form a consortium, expected to be established by 2025 [1] - The consortium will consist of no more than 10 leading silicon material companies and financial institutions, aiming to create a platform company for acquiring other silicon material companies' capacities [1]

Group 1 - The core viewpoint of the article highlights the recent upward trend in solar stocks, with notable increases in share prices for companies such as Xinyi Solar, Flat Glass, and New Special Energy [1][1][1] - A significant development is the planning of a "joint platform" for polysilicon restructuring, with discussions ongoing regarding the specifics of the acquisition [1][1][1] - The anticipated fund for this initiative is expected to be around 70 billion yuan, utilizing a leveraged acquisition strategy to mobilize 700 billion yuan [1][1][1] Group 2 - According to a report from Industrial Securities, the third quarter saw a rise in polysilicon prices driven by anti-competitive measures, indicating a trend of reduced losses in the solar industry [1][1][1] - The solar industry is projected to experience a dual benefit from improved quarterly performance and substantial support from anti-competitive measures, suggesting a potential recovery from the current cyclical low [1][1][1] - There is a recommendation to actively invest in the anti-competitive market trends, with a focus on supply-side reform expectations and structural opportunities arising from new technological changes [1][1][1]

Group 1 - Hong Kong photovoltaic stocks experienced a significant rise, with Xinyi Solar increasing by over 5% and Fuyao Glass by 4.38% [1] - Major progress has been made in addressing the issue of overcapacity in the photovoltaic sector, with leading companies negotiating mergers and acquisitions with smaller firms [1] - GCL-Poly Energy's chairman announced that 17 silicon material companies have agreed to form a consortium, expected to be established by 2025 [1] Group 2 - The consortium will consist of no more than 10 leading silicon material companies and financial institutions, aiming to create a platform company for silicon materials [1] - The platform company will acquire the production capacity of other silicon material companies, with options for these companies to either invest in the platform or be bought out [1] - The industry anticipates that this initiative will rapidly reduce the production capacity within the silicon material sector and coordinate production and sales across the industry [1]

Core Viewpoint - The polysilicon industry is forming a consortium for storage, which is seen as an effective measure to combat internal competition and accelerate supply-side reforms in the photovoltaic industry [1][2][4]. Group 1: Industry Developments - A total of 17 leading companies have signed on to establish a polysilicon storage platform, with plans to complete the setup by the end of the year [1]. - The consortium aims to address the severe supply-demand mismatch in the industry and facilitate the exit of inefficient capacities [5]. - The initiative is supported by major players like GCL-Poly Energy Holdings and Tongwei Co., Ltd., who are collaborating under the guidance of relevant government departments [2][4]. Group 2: Market Conditions - The polysilicon sector is characterized by high asset intensity, energy consumption, and environmental pressures, making low-price competition unnecessary [3]. - Despite the formation of the consortium, the industry still faces significant supply-demand imbalances, with October production expected to reach approximately 134,000 tons, indicating an oversupply situation [4]. - Leading companies plan to reduce production to between 125,000 and 130,000 tons per month in November and December, yet year-end inventory may exceed 400,000 tons [4]. Group 3: Strategic Implications - The formation of the storage consortium is viewed as a positive step towards the sustainable development of the photovoltaic industry, promoting self-regulation and collective strength against external competition [3][4]. - The industry consensus is shifting away from price competition towards value competition based on technological innovation and quality improvement [4]. - However, the consortium's effectiveness will depend on the unified action of leading companies and the ability to manage downstream capacity reductions [5].

Core Viewpoint - The silicon material industry is undergoing a potential restructuring into a platform company, with leading enterprises negotiating acquisitions and consolidations with smaller firms to eliminate excess capacity [2] Group 1: Industry Developments - Leading silicon material companies, including GCL-Poly Energy Holdings, are forming a consortium with 17 silicon material enterprises expected to complete the setup by 2025 [2] - A platform company is being established with the investment of no more than 10 leading silicon material companies and financial institutions, aimed at acquiring the production capacity of other silicon material firms [2] - Other silicon material companies have the option to invest in the platform company or be acquired for cash, with the goal of rapidly reducing industry capacity [2] Group 2: Market Reactions and Rumors - There have been previous rumors regarding the establishment of a silicon material storage platform, indicating ongoing speculation in the market [2] - During a three-day meeting held by the Photovoltaic Industry Association in Beijing from October 14 to 16, there were claims of significant capacity control policies being introduced, which were later denied as part of a regular monthly meeting [2] - On October 16, reports emerged about the establishment of Zhongsilicon Capacity Integration Co., Ltd. and the registration of a polysilicon storage platform, which were subsequently refuted by authoritative sources [2]