Core Viewpoint - Sany Heavy Industry (06031.HK) announced the decision to abolish its supervisory board to enhance corporate governance and streamline operations, transferring the supervisory board's responsibilities to the audit committee of the board of directors [1] Group 1 - The company aims to improve its governance structure in accordance with relevant laws and regulations, including the Company Law of the People's Republic of China and the Shanghai Stock Exchange Listing Rules [1] - The supervisory board's powers will now be exercised by the audit committee, indicating a shift in governance practices [1] - Related regulations and rules governing the supervisory board will be abolished, reflecting a significant change in the company's operational framework [1]

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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 SANY HEAVY INDUSTRY CO., LTD. 三一重工股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6031） 建議取消公司監事會並修訂《公司章程》《股東會議事規則》 《董事會議事規則》 三一重工股份有限公司（「公司」）董事（「董事」）會（「董事會」）謹此宣佈： 一、建議取消公司監事會並修訂《公司章程》 為進一步完善公司治理結構，更好地促進公司規範運作，根據《中華人民共 和國公司法》（「《公司法》」）《上海證券交易所股票上市規則》《上市公司章程 指引》等相關法律、法規、規範性文件的規定，結合公司實際情況，公司將 不再設置監事會，監事會的職權由董事會審計委員會行使，《三一重工股份有 限公司監事會議事規則》等監事會相關制度相應廢止，因此，需要對《三一重 工股份有限公司公司章程》（「《公司章程》」）的部分內容進行修訂，詳情載於 本公告之附錄一。 《公司章程》的建議修訂尚需 ...

本月底法定/註冊股本總額： RMB 9,195,004,437 FF301 | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600031 | 說明 | | A股 (於上海證券交易所上市) | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,474,390,037 | RMB | | 1 RMB | | 8,474,390,037 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 8,474,390,037 | RMB | | 1 RMB | | 8,474,390,037 | | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | -- ...

智通财经APP讯，三一重工(06031)发布公告，2025年11月，公司未实施股份回购。截至2025年11月月 底，公司已累计回购股份7267.92万股，占公司A股总股本的比例为0.86%，购买的最高价为19.39元/ 股、最低价为17.39元/股，已支付的总金额为13.55亿元。 ...

格隆汇12月3日丨三一重工(06031.HK)公告，2025年11月，公司未实施股份回购。截至2025年11月月 底，公司已累计回购股份7,267.92万股，占公司A股总股本的比例为0.86%，购买的最高价为19.39元/ 股、最低价为17.39元/股，已支付的总金额为135,536.87万元(不含印花税、交易佣金等交易费用)。上述 回购进展符合相关法律法规及公司回购股份方案的规定。 ...

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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 SANY HEAVY INDUSTRY CO., LTD. 三一重工股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6031） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而做出。 茲載列三一重工股份有限公司於上海證券交易所網站( www.sse.com.cn )刊登的公 告如下，僅供參閱。 承董事會命 三一重工股份有限公司 執行董事兼董事長 向文波 中國香港，2025年12月3日 於本公告日期，董事會包括(i)執行董事向文波先生及俞宏福先生；(ii)非執行董事 梁穩根先生及梁在中先生及(iii)獨立非執行董事伍中信先生、席卿女士及藍玉權 先生。 证券代码：600031 证券简称：三一重工 公告编号：2025-086 | 回购方案首次披露日 | 2025/4/4 | | | | | | | --- | --- | --- | --- | --- | ...

Core Insights - The article highlights the top and bottom AH share premium rates as of December 3, with Northeast Electric (00042) leading at a premium rate of 900.00% [1][2]. Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has the highest premium rate at 900.00% with H-share priced at 0.270 HKD and A-share at 2.25 CNY [2]. - Hongye Futures (03678) follows with a premium rate of 276.85%, H-share at 3.240 HKD and A-share at 10.19 CNY [2]. - Sinopec Oilfield Service (01033) ranks third with a premium rate of 265.79%, H-share at 0.760 HKD and A-share at 2.32 CNY [2]. Group 2: Bottom AH Share Premium Rates - Contemporary Amperex Technology (03750) has the lowest premium rate at -4.88%, with H-share priced at 473.600 HKD and A-share at 376.08 CNY [2]. - China Merchants Bank (03968) has a premium rate of -0.25%, H-share at 51.650 HKD and A-share at 43.01 CNY [2]. - Heng Rui Medicine (01276) follows with a premium rate of 1.71%, H-share at 71.800 HKD and A-share at 60.97 CNY [2]. Group 3: Premium Deviation Values - Guanghe Communication (00638) has the highest deviation value at 49.00% [1][3]. - Northeast Electric (00042) also features prominently with a deviation value of 36.60% [1][3]. - Chenming Paper (01812) ranks third with a deviation value of 26.74% [1][3]. Group 4: Bottom Premium Deviation Values - GAC Group (02238) has the lowest deviation value at -26.76% [1][3]. - Junsheng Electronics (00699) follows with a deviation value of -18.54% [1][3]. - Jiangsu Ninghu Highway (00177) has a deviation value of -15.01% [1][3].

每经AI快讯，三一重工(06031.HK)午后涨超4%，截至发稿涨4.07%，报21.48港元，成交额6416.81万港 元。 ...

Core Viewpoint - Sany Heavy Industry (06031) saw a stock increase of over 4%, closing at HKD 21.48, with a trading volume of HKD 64.1681 million, indicating positive market sentiment towards the company [1] Industry Summary - In October, a total of 18,096 excavators were sold in China, representing a year-on-year increase of 7.77%. Domestic sales accounted for 8,468 units, up 2.44%, while export sales reached 9,628 units, marking a 12.9% increase [1] - CITIC Construction Investment highlighted that the upward trend in both domestic and international sales of construction machinery has been consistently validated, emphasizing the importance of tracking overseas data, as over 70% of profits for most companies come from international operations [1] Company Summary - According to a report from Founder Securities, Sany Heavy Industry, as a leading player in the construction machinery sector, is at the forefront of internationalization and electrification initiatives. The company possesses significant advantages in products, channels, and services [1] - Sany's flagship product, excavators, maintains a strong competitive position. With the domestic industry demand expected to recover and the industry upgrade cycle approaching, the company is anticipated to experience accelerated growth in revenue and performance, particularly in overseas markets [1]

Core Viewpoint - A-shares have lower trading costs and better market liquidity compared to H-shares, with a current premium of about 20% for A-shares as indicated by the Hang Seng AH Premium Index (HSAHP) being above 120. However, certain companies like CATL have shown a reverse phenomenon where H-shares are priced higher than A-shares [2][4]. Group 1: Market Dynamics - The phenomenon of H-shares trading at a premium over A-shares is attributed to the smaller market capitalization of H-shares compared to A-shares, leading to relative scarcity in liquidity [5]. - Among the six companies exhibiting this "inversion," three are newly listed, resulting in lower liquidity for H-shares, which can lead to inflated prices due to concentrated holdings by large institutions [5][6]. - As institutional investors gradually exit their positions, the liquidity of H-shares is expected to increase, potentially narrowing the premium of H-shares over A-shares [5]. Group 2: Characteristics of A-H Share Companies - Companies with inverted pricing typically share common traits: they are large enterprises with stable operating histories and solid financials, often in traditional industries like finance and energy [6]. - The valuation of these companies tends to be higher in the A-share market, reflecting differing expectations from overseas investors regarding future growth potential [6][8]. Group 3: Foreign Investment Preferences - Foreign investors prefer industry leaders that have a competitive edge in the market, which are often scarce in the international market [8]. - These leading companies usually possess strong brand recognition, stable profitability, and good governance structures, aligning with foreign investors' long-term investment criteria [8][9]. - The preference for H-shares over A-shares is also influenced by the perceived monopolistic characteristics of certain companies, which can lead to higher valuations in the H-share market [9].