Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2][3] Group 1: Increased Holdings - The companies with the largest increases in Hong Kong Stock Connect holdings include: - Hang Seng China Enterprises (02828) with an increase of 6.14%, bringing the latest holding percentage to 6.97% [2] - Tracker Fund of Hong Kong (02800) with an increase of 4.94%, resulting in a holding percentage of 7.09% [2] - Southern Hang Seng Technology (03033) with an increase of 1.25%, now holding 63.41% [2] - Over the last five trading days, the top gainers in holdings were: - Guofu Hydrogen Energy (02582) with a 9.18% increase, now at 16.55% [3] - Hang Seng China Enterprises (02828) with a 6.40% increase [3] - Tracker Fund of Hong Kong (02800) with a 6.31% increase [3] Group 2: Decreased Holdings - The companies with the largest decreases in Hong Kong Stock Connect holdings include: - Shandong Molong (00568) with a decrease of 1.52%, now at 57.43% [2] - Kintor Pharmaceutical (09939) with a decrease of 1.18%, now at 17.64% [2] - Tigermed (03347) with a decrease of 1.00%, now at 46.11% [2] - Over the last five trading days, the top decliners in holdings were: - Shandong Molong (00568) with a 3.24% decrease [3] - Kintor Pharmaceutical (09939) with a 1.18% decrease [3] - Tigermed (03347) with a 1.39% decrease [3] Group 3: Long-term Trends - Over the last 20 trading days, the companies with the largest increases in holdings included: - Haotian International Construction Investment (01341) with a 17.61% increase, now at 68.76% [4] - Qingdao Bank (03866) with an 11.32% increase, now at 18.70% [4] - Guofu Hydrogen Energy (02582) with a 10.61% increase [4] - The companies with the largest decreases in holdings over the last 20 trading days included: - Xintian Green Energy (00956) with an 8.04% decrease, now at 57.35% [4] - Zhongze Feng (01282) with a 7.51% decrease, now at 8.56% [4] - Delin Holdings (01709) with a 4.52% decrease, now at 30.02% [4]

智通财经APP获悉，根据2025年11月21日披露数据，长飞光纤光缆（06869）、国富氢能（02582）、龙 蟠科技（02465）港股通持股占比增加值最大，分别增加1.36%、1.28%、0.99%；恆生中国企业 （02828）、盈富基金（02800）、昭衍新药（06127）港股通持股占比减少值最大，分别减 少-1.80%、-1.02%、-0.83%。 在最近有统计数据的5个交易日内，国富氢能（02582）、巨星传奇（06683）、亿华通（02402）港股通 持股占比增加值最大，分别增加8.87%、4.38%、3.39%；恆生中国企业（02828）、盈富基金 （02800）、丘鈦科技（01478）港股通持股占比减少值最大，分别减少-6.67%、-2.66%、-1.73%。 具体数据如下（交易所数据根据T+2日结算）： 1、港股通最新日占比增持榜（前20名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 长飞光纤光缆(06869) | +1.36% | 59.08% | | 国富氢能(02582) | +1.28% | 16.43% | | 龙蟠科技(0246 ...

Core Insights - The article highlights the top and bottom AH premium rates for various stocks, indicating significant discrepancies between H-shares and A-shares [1] Group 1: Top AH Premium Rates - Northeast Electric (00042) leads with a premium rate of 918.87%, followed by Sinopec Oilfield Service (01033) at 304.05% and Hongye Futures (03678) at 298.14% [1] - The top three stocks with the highest deviation values are Northeast Electric (72.50%), Beijing Jingcheng Machinery Electric (00187) (65.68%), and Sinopec Oilfield Service (51.01%) [1] Group 2: Bottom AH Premium Rates - The stocks with the lowest AH premium rates include CATL (03750) at 0.74%, China Merchants Bank (03968) at 0.92%, and Midea Group (00300) at 6.26% [1] - The bottom three stocks with the lowest deviation values are China Eastern Airlines (00670) (-6.33%), Jiangsu Ninghu Expressway (00177) (-6.04%), and Anhui Wanan Expressway (00995) (-5.20%) [1] Group 3: Additional Insights on Premium and Deviation - The article provides a detailed table of the top ten and bottom ten AH stocks based on premium rates and deviation values, showcasing the significant differences in market valuation between H-shares and A-shares [1][2] - The premium rates and deviation values are calculated based on the current rates compared to the average rates over the past 30 days, indicating potential investment opportunities or risks [2]

Core Viewpoint - The High-Speed Copper Connection Index experienced a decline of 2% during intraday trading, with most constituent stocks showing a downward trend [1] Company Performance - Changxin Bochuang saw a significant drop of 9.03% [1] - Changfei Optical Fiber decreased by 7.15% [1] - Ruikeda fell by 6.81% [1] - Dingtong Technology declined by 4.45% [1] - Luxshare Precision dropped by 4.22% [1]

Core Viewpoint - The CPO concept sector experienced a significant decline, dropping by 3.4% overall, indicating a bearish trend in this industry [2] Company Performance - Changxin Bochuang saw a notable decrease of 6.61% in its stock price [2] - Fangzheng Technology's stock fell by 6.1%, reflecting negative market sentiment [2] - Changfei Optical Fiber experienced a decline of 5.88%, contributing to the overall downturn in the sector [2] - Cambridge Technology, Tianfu Communication, and Shijia Photonics all reported declines exceeding 4%, further highlighting the struggles within the CPO concept sector [2]

Core Insights - The article discusses the rise of Changfei, a Chinese optical fiber company, which has successfully broken the monopoly of American firms in the optical fiber market through innovation and competitive pricing [1][9][22]. Company Background - Changfei was established in May 1988 as a joint venture, facing the challenge of American dominance in the optical fiber sector [1]. - By 1990, the U.S. optical fiber market was worth $1 billion, accounting for one-third of the global market, leading to high import costs for countries like China [3]. Innovation and Development - Changfei opted for independent research and development, leading to the production of its first mass-produced optical fiber in 1991, marking a significant milestone for China [5]. - The company developed three manufacturing technologies for optical fiber preform, becoming the only global enterprise to cover all these processes and achieve industrialization [7]. Market Impact - In 2023, the Chinese optical fiber communication market reached a total scale of 150 billion yuan, with Changfei's overseas revenue hitting a historical high [9]. - The reduction in optical fiber prices from over 2000 yuan per kilometer to around 30 yuan has significantly increased global orders for Changfei's products [12][22]. Global Expansion - Changfei's products are now available in over 90 countries, with many nations previously reliant on American products now opting for Changfei's offerings due to better performance and lower prices [14]. - The company has established six production bases in countries like Indonesia and Brazil, enhancing local employment and reducing costs [16]. Financial Performance - In the first half of 2024, Changfei's revenue was approximately 5.348 billion yuan, with diversified business contributing 40% and increasing overseas revenue [16]. - Despite a year-on-year revenue decline of 13.31% in the first nine months of 2024, the net profit attributable to the parent company was 573 million yuan, indicating ongoing structural optimization [28]. Future Outlook - The global demand for optical fibers is expected to grow at an annual rate of 6.2%, with the Chinese market projected to recover with a growth rate of 2.3% [26]. - Changfei is also exploring new technologies like hollow-core optical fibers, which have attracted interest from major companies like Microsoft, indicating a promising market potential [20][29].

（原标题：长飞光纤光缆近一个月首次上榜港股通成交活跃榜） 11月19日上榜港股通成交活跃榜个股中，长飞光纤光缆为近一个月首次上榜。 证券时报•数据宝统计显示，11月19日港股通（包括沪市港股通及深市港股通）成交活跃股合计成交337.66亿港元，占当日港股通成交金额的 40.22%，净买入金额44.29亿港元。 上榜的成交活跃股中，小米集团-W成交额为105.78亿港元，成交金额居首；其次是阿里巴巴-W、腾讯控股，成交金额分别为71.92亿港元、37.84 亿港元。 以上榜次数统计，11月19日上榜个股中，近一个月上榜次数最多的是阿里巴巴-W、华虹半导体等，近一个月均上榜22次，最受港股通资金关注。 长飞光纤光缆为近一个月首次上榜，当日港股通成交额为8.13亿港元，成交净买入0.21亿港元，该股当日收盘上涨4.63%。（数据宝） 11月19日港股通成交活跃股榜单 | 证券代码 | 证券简称 | 成交金额 | 净买入金额 | 近一个月上榜次数 | 最新收盘价 | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | --- | | | | （亿港元） | （亿港元） | ...

Group 1: Market Overview - The Hang Seng Index fell by 0.45%, down 117 points, closing at 25,812 points, while the Hang Seng Tech Index dropped by 0.98% [1] - The trading volume in the Hong Kong stock market reached HKD 112.6 billion in the morning session [1] Group 2: Hydrogen Energy Sector - Hydrogen energy stocks experienced a significant rise, driven by the continuous rollout of green hydrogen ammonia industry policies, indicating a maturing industry [1] - Reshaping Energy (02570) surged by 24.29%, while Guofu Hydrogen Energy (02582) increased by over 4.64% [1] Group 3: Oil Sector - Oil stocks continued their recent upward trend, with institutions noting the resilience of the three major oil companies during the oil price downturn [1] - Sinopec (00386) rose by 3.6%, PetroChina (00857) increased by 2.49%, and CNOOC (00883) gained 2.11% [1] Group 4: Telecommunications and Technology - Changfei Optical Fiber and Cable (06869) saw an increase of over 4% after China Telecom completed the world's first ultra-long-distance hollow core fiber transmission experiment [1] - Boleton (01333) surged by over 10% as the company is set to globally launch its autonomous driving specialized mining truck this Friday [1] Group 5: Gold and Consumer Products - Shangshan Gold (01939) rose nearly 2% following a profit warning, which is expected to boost its global layout of intelligent gold terminals [1] - H&H International Holdings (01112) increased by over 2%, with a strong growth momentum in its infant-related products, particularly in infant formula sales exceeding industry averages [1] Group 6: Medical and Defense Sectors - Yimai Sunshine (02522) rose by over 4% as the company plans to further invest in Yinghe Medical, validating its commercial path for medical data assetization [1] - China Shipbuilding Defense (00317) increased by over 4%, with institutions noting that second-hand ship prices have surpassed new ship prices, indicating an upcoming positive trend in the shipbuilding sector [1] Group 7: Declining Stocks - Jacobson Pharmaceutical (02633) fell by over 8% due to a 5.36% year-on-year decrease in mid-term earnings, despite a 20% increase in dividends [2] - Yuejiang (02432) dropped by over 4%, accumulating a decline of over 40% in the past two months, having completed two rounds of equity financing in four months [2]

（文章来源：每日经济新闻） 每经AI快讯，长飞光纤光缆(06869.HK)涨7.35%，报36.2港元，成交额5.54亿港元。 ...

Group 1 - The core viewpoint of the news is that Changfei Fiber has seen a significant increase in its stock price, rising 5.05% to 85.30 CNY per share, with a total market capitalization of 646.49 billion CNY and a trading volume of 8.22 billion CNY [1] - Changfei Fiber's stock has experienced a continuous increase for four days, with a cumulative growth of 3.77% during this period [1] - The company specializes in the telecommunications industry, focusing on telecom operators and data communication, and has established a complete industrial chain involving the research, innovation, and production of optical fiber preforms, optical fibers, and cables [1] Group 2 - According to data from the top ten holdings of funds, Guotai Fund has a significant position in Changfei Fiber, with the Guotai Jinlu Mixed Fund holding 58,100 shares, accounting for 4.94% of the fund's net value [2] - The Guotai Jinlu Mixed Fund has generated a floating profit of approximately 238,200 CNY today, with a floating profit of 171,400 CNY during the four-day increase [2] - The fund has a total asset size of 1.19 billion CNY and has achieved a year-to-date return of 20.03%, ranking 4068 out of 8138 in its category [2]