截止2月26日收盘，东北电气(00042)、浙江世宝(01057)、中石化油服(01033)分列AH溢价率前三位，溢 价率分别为527.91%、348.73%、310.42%；宁德时代(03750)、兆易创新(03986)、招商银行(03968)分列 AH溢价率末三位，溢价率分别为-15.33%、-12.92%、-5.33%。其中中石化油服(01033)、中铝国际 (02068)、弘业期货(03678)的偏离值位居前三，分别为25.11%、17.39%、13.95%；另外，东北电气 (00042)、浙江世宝(01057)、兆易创新(03986)的偏离值位居后三，分别 为-270.69%、-34.44%、-29.02%。 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) | 0.430 | 2.25 | 527.91% | -270.69% | | 浙江世宝(01057) | 6.710 | 25.14 | 348.73% | -34.44% | | 中石化油服(01033) ...

根据2026年2月25日披露数据，VITASOY INT'L（00345）、恆生科技ETF（03032）、永升服务 （01995）港股通持股占比增加值最大，分别增加0.09%、0.04%、0.01%；南方恆生科技（03033）、医 渡科技（02158）、盈富基金（02800）港股通持股占比减少值最大，分别减 少-0.14%、-0.03%、-0.02%。 2、港股通最新日占比减持榜（前20名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 南方恆生科技(03033) | -0.14% | 68.87% | | 医渡科技(02158) | -0.03% | 22.59% | | 盈富基金(02800) | -0.02% | 3.49% | | 碧桂园(02007) | -0.01% | 17.75% | | 南方恆生生科(03174) | 0.00% | 0.36% | 在最近有统计数据的5个交易日内，南方东西精选（03441）、喜相逢集团（02473）、兆易创新 （03986）港股通持股占比增加值最大，分别增加18.46%、10.04%、4.95%；山东墨龙（0 ...

智通财经APP获悉，香港联交所最新资料显示，2月25日，兆易创新(03986)股东将股票由UBS Securities Hong Kong Limited转入花旗银行，转仓市值4.54亿港元，占比3.16%。 兆易创新发布公告，于2026年2月11日因悉数行使超额配股权而发行及配发433.73万股H股。 ...

智通财经APP获悉，截止2月25日收盘，东北电气(00042)、浙江世宝(01057)、中石化油服(01033)分列 AH溢价率前三位，溢价率分别为550.60%、337.32%、292.16%；宁德时代(03750)、兆易创新(03986)、 招商银行(03968)分列AH溢价率末三位，溢价率分别为-18.61%、-9.66%、-4.35%。其中沃尔核材 (09981)、剑桥科技(06166)、京城机电股份(00187)的偏离值位居前三，分别为61.26%、12.49%、 10.37%；另外，东北电气(00042)、钧达股份(02865)、浙江世宝(01057)的偏离值位居后三，分别 为-255.82%、-53.70%、-49.96%。 | 中石化油服(01033) | | | | | | --- | --- | --- | --- | --- | | 龙蟠科技(02465) | 11.450 | 18.8 | 96.68% | 6.69% | | 北京北辰实业股份 | 0.810 | 1.92 | 183.95% | 6.58% | | (00588) | | | | | | 康希诺生物(06185) | ...

智通财经2月25日讯（编辑 胡家荣）美东时间周二，近期备受市场追捧的存储芯片龙头闪迪股价遭遇剧烈波动。知名做空机构香橼资本公开宣布持有闪迪空 头头寸，并发布详细看空报告。受此消息冲击，闪迪股价盘中一度跌近8%。 这一利空消息迅速产生连锁反应，波及港股存储概念股。截至发稿，澜起科技(06809.HK)跌6.38%，兆易创新(03986.HK)跌4.77%，显示市场对存储行业周期 性风险的担忧情绪正在蔓延。 针对市场普遍预期的"AI需求将帮助NAND闪存摆脱周期性波动"的观点，香橼资本予以驳斥。报告回顾历史指出，2008年、2012年及2018年均出现过类似行 情，但周期性规律从未改变。 香橼强调，当前的供应短缺仅是暂时现象。目前全球产能已达到2018年峰值的两倍，所谓的供应限制可能在一次财报电话会议后便烟消云散。报告直 言："英伟达拥有护城河，而闪迪销售的只是普通商品。"市场将闪迪对标英伟达进行高估值定价，存在根本性逻辑错误。 三星竞争加剧：价格战与技术挤压双重威胁 香橼资本特别强调了来自三星电子的巨大威胁。历史上，三星在存储周期中常采取"优先市场份额而非利润"的策略：先让纯闪存厂商享受高毛利，随后突然 增加供 ...

消息面上，美东时间24日周二，香橼在社交媒体发帖称，市场对闪迪的定价逻辑存在根本性错误，当前 的存储芯片供应紧张不过是"海市蜃楼"，周期顶部已近在咫尺。帖子发出后，闪迪股价周二早盘随即跳 水，跌幅一度扩大至5.7%%。香橼的介入令市场对这一强势标的的持续性产生质疑，并再度引发投资者 对存储芯片行业景气周期的担忧。 存储概念股今早走低，截至发稿，澜起科技(06809)跌4.21%，报198.1港元；兆易创新(03986)跌3.7%， 报416.2港元。 ...

截至发稿，澜起科技(06809.HK)跌5.22%、兆易创新(03986.HK)跌5.14%。 ...

每经记者｜杜波 每经编辑｜段炼 记者|杜波 编辑|段炼 杜恒峰 校对|许绍航 动"。刘刚认为，短期看，市场或有超调，回撤后短期可能存在向上修复空间。中期看，基准情形下，我们判断港股盈利增长3%~4%与景气结构主线情绪 修复，或推动恒指中枢上行至28000~29000点左右。 招商证券策略研究团队表示，"春节后，随着南下资金的流入，也将为港股带来流动性支持。结构上，推荐科技（AI算力与应用）、非银（保险）与红 利。"其中，恒生科技的估值底和政策底逐步夯实，但盈利底和流动性拐点仍需确认，重点关注未来市场对恒生科技盈利预期的修正，以及美联储政策预 期变化对恒生科技的催化。一旦降息预期重新稳固，港股作为离岸市场将显著受益。 （免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。） 互联网科技股齐跌，腾讯控股跌近3.3%，阿里巴巴跌2.7%，金山云跌5%，快手、小米等跌逾2%。 | 1 | 腾讯控股 | -3.346% 188.29亿 520.000 | | | --- | --- | --- | --- | | | 00700 | | | | 2 | 小米集团－W | 35.740 - ...

Market Overview - On the first trading day after the resumption of Northbound trading, Hong Kong's three major indices collectively declined, with the Hang Seng Index falling below the 27,000 mark, closing down 1.82% or 491.59 points at 26,590.32 points, with a total turnover of HKD 250.99 billion [1] - The Hang Seng China Enterprises Index dropped 2.06% to 9,007.86 points, while the Hang Seng Tech Index fell 2.13% to 5,270.70 points [1] Sector Performance - The technology sector remains a long-term investment focus, with valuation pressure easing after recent pullbacks, and potential for rebound driven by accelerated AI model updates and applications [1] - The energy and precious metals sectors are expected to rise amid heightened geopolitical risks in the Middle East and adjustments in U.S. tariff policies [1] - The consumer sector, currently undervalued, is anticipated to have upward potential as consumption policies are strengthened [1] Blue-Chip Stocks - WH Group (00288) led blue-chip gains, rising 4.42% to HKD 10.39, contributing 5.87 points to the Hang Seng Index [2] - Other notable blue-chip performers included Henderson Land (00012) up 2.08% and China Resources Beer (00291) up 2.02% [2] - China Biologic Products (01177) fell 6.58%, negatively impacting the index by 7.48 points [2] Hot Sectors - Major tech stocks faced pressure, with Tencent down over 3% and Alibaba down over 2% [3] - Storage concepts saw significant gains, with Zhaoyi Innovation (03986) up 11.91% and Longsys Technology (06809) up 4.92% [3] - Oil and gas stocks rose amid concerns over escalating tensions in Iran, with Shandong Molong (00568) up 11.41% [4] AI and Technology - The AI sector continues to show promise, with significant growth in token usage, particularly in Chinese models, which account for 61% of the total token volume [5] - The market anticipates ongoing rapid growth in AI applications and commercial viability [5] Film Sector - The film sector faced challenges, with the 2026 Spring Festival box office down approximately 40% year-on-year, indicating a need for improved content quality [6] - Major film stocks like Maoyan Entertainment (01896) and Huayi Brothers (01003) saw declines of 8.18% and 5.26%, respectively [6] Notable Stock Movements - Kwan Hung Holdings (01888) surged 12.37% following a profit forecast indicating a 165% increase in net profit for the fiscal year ending December 2025 [7] - Weichai Power (02338) rose 7.29% after a report highlighted its emergency generator's use in a major data center [8] - China Shipbuilding Defense (00317) reached a new high, up 5.37%, following a significant shipbuilding contract announcement [9] - Standard Chartered (02888) saw a 3.07% increase after reporting a 6% rise in operating income for the fiscal year 2025 [10] - China Duty Free Group (01880) faced a 10.51% drop due to losing some operating rights at major airports [11]

| 股票名称 | H股(港元) | A股 | 溢价率↓ | 偏离值 | | --- | --- | --- | --- | --- | | 东北电气(00042) | 0.315 | 2.25 | 757.14% | -50.71% | | 京城机电股份 | 4.380 | 14.1 | 285.62% | 12.60% | | (00187) | | | | | | 中石化油服(01033) | 1.010 | 3.22 | 282.18% | -2.51% | | 弘业期货(03678) | 3.190 | 9.96 | 273.98% | 2.61% | | 南京熊猫电子股份 | 5.280 | 14.78 | 235.23% | -0.03% | | (00553) | | | | | | 凯盛新能(01108) | 4.070 | 11.11 | 227.03% | 1.59% | | 钧达股份(02865) | 35.700 | 97.15 | 225.97% | -17.30% | | 复旦张江(01349) | 3.200 | 8.62 | 222.81% | -15.46% | | 安德利果 ...