Summary of Key Points Core Viewpoint - Zhejiang Sanhua Intelligent Control Co., Ltd. has reported changes in its issued shares and treasury shares, indicating a significant increase in the total number of issued shares from 414,379,500 to 476,536,400 as of July 23, 2025, following the exercise of an over-allotment option [2]. Group 1: Share Issuance and Changes - The company disclosed a change in issued shares, with the total number of issued shares (excluding treasury shares) increasing from 414,379,500 to 476,536,400 [2]. - The report was submitted on July 23, 2025, in compliance with the Hong Kong Stock Exchange listing rules [2]. - The increase in shares is attributed to the issuance of H-shares as detailed in the announcement dated July 18, 2025 [2]. Group 2: Compliance and Regulatory Framework - The company confirmed that all necessary approvals from the board of directors for the issuance or sale of treasury shares have been obtained [2]. - The issuance complies with all applicable listing rules, laws, and regulatory requirements [2]. - The report includes assurances that all conditions for listing and trading of the securities have been fulfilled [2].

证券代码：002050 证券简称：三花智控 公告编号：2025-066 浙江三花智能控制股份有限公司 关于控股股东、实际控制人及其一致行动人持股比例 被动稀释触及 5%整倍数的公告 特别提示： 或"三花智控"）本次发行境外上市股份（H 股）悉数行使超额配售权后，公司 总股本增加，致使三花控股集团有限公司（以下简称"三花控股"）、浙江三花 绿能实业集团有限公司（以下简称"三花绿能"）、张亚波先生合计持有的公司 股份比例被动稀释触及 5%的整数倍，不涉及持股数量变化，不触及要约收购； 公司的治理结构和持续经营。 浙江三花智能控制股份有限公司 一、本次权益变动的基本情况 董 事 会 经香港联合交易所有限公司（以下简称"香港联交所"）批准，三花智控发 行的 414,379,500 股（行使超额配售权之前）境外上市股份（H 股）已于 2025 年 整体协调人（代表国际承销商）于 2025 年 7 月 18 日悉数行使超额配售权，发行 相关新增股份于 2025 年 7 月 23 日登记上市，公司的控股股东三花控股及其一致 行动人三花绿能、张亚波先生的合计持股比例被动稀释。 | | 通过证券交易所的大宗交易 | | ? | ...

Core Viewpoint - Hong Kong's equity financing market achieved the highest new stock financing amount globally in the first half of 2025, driven by improved investor sentiment and a significant influx of quality companies seeking funds [3][4]. Group 1: Market Performance - In the first half of 2025, Hong Kong's new stock financing reached $14.1 billion, a 695% increase compared to the same period in 2024, significantly outpacing the global new stock financing growth of 8% [4]. - The average daily trading volume in Hong Kong increased by 82% year-on-year to HKD 240 billion, with the Hang Seng Index rising over 20% [3]. Group 2: Major Listings - Notable large IPOs included CATL, which raised $5.3 billion, marking the largest IPO globally since 2023. Other significant listings included Heng Rui Pharmaceutical, Hai Tian Flavoring, and Sanhua Intelligent Control, each raising over $1 billion [9]. - Hong Kong secured four positions in the global top ten IPOs for the first half of 2025, with these companies averaging a 14% increase in stock price since their listings [9]. Group 3: A+H Listings and International Companies - Eight A-share companies raised a total of $10.1 billion by listing in Hong Kong, primarily to expand their international presence. The H-shares of these companies generally traded at a smaller discount compared to A-shares, indicating strong international investor demand [11]. - International companies like IFBH and Mi Rui Group successfully listed in Hong Kong, enhancing the city's appeal as an international financing hub [11]. Group 4: Investor Participation - The new stocks issued in the first half of 2025 saw active participation from international institutional investors, including long-term funds, private equity, strategic investors, hedge funds, and sovereign wealth funds from North America, Europe, and the Middle East [13]. - Retail investors also showed strong interest, leading to record-high demand for new stocks, with some experiencing oversubscription [14]. Group 5: Sector Performance - The healthcare sector saw a total equity financing of $5.8 billion, the highest for the first half of the year since 2021. The TMT sector, driven by AI innovations, raised $13.7 billion, while the consumer sector, particularly in new stock listings, saw an average stock price increase of 70% [16]. Group 6: Market Optimization Measures - Regulatory measures, such as the "Tech Company Fast Track" launched in May 2025, have expedited the listing process for tech and biotech companies. The momentum continued into July, with eight companies successfully listing in the first two weeks [20].

证券代码：002050 证券简称：三花智控 公告编号：2025-066 浙江三花智能控制股份有限公司 关于控股股东、实际控制人及其一致行动人持股比例 一、本次权益变动的基本情况 经香港联合交易所有限公司（以下简称"香港联交所"）批准，三花智控发 行的 414,379,500 股（行使超额配售权之前）境外上市股份（H 股）已于 2025 年 6 月 23 日在香港联交所主板挂牌并上市交易。根据本次发行方案，公司同意由 整体协调人（代表国际承销商）于 2025 年 7 月 18 日悉数行使超额配售权，发行 62,156,900 股 H 股股份，公司总股本由 4,146,769,035 股增加至 4,208,925,935 股， 相关新增股份于 2025 年 7 月 23 日登记上市，公司的控股股东三花控股及其一致 行动人三花绿能、张亚波先生的合计持股比例被动稀释。 本次权益变动前，公司的控股股东三花控股及其一致行动人三花绿能、张亚 波先生合计持有公司股份数量 1,665,362,757 股，占公司当时总股本 4,146,769,035 股的 40.16%。悉数行使超额配售权后，公司的控股股东三花控股及其一致行动 ...

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： 浙江三花智能控制股份有限公司 呈交日期： 2025年7月23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 | H | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02050 | 說明 | H股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已發行股 ...

Core Insights - The Hong Kong stock market experienced a significant increase in new equity financing, with a total of $14.1 billion raised in the first half of 2025, representing a 695% increase compared to the same period in 2024, far exceeding the global average increase of 8% [1] - Investor sentiment has improved, leading to a rise in the Hang Seng Index by over 20% during the same period, with average daily trading volume increasing by 82% to HKD 240 billion [1] Group 1: Market Performance - The new equity financing amount in Hong Kong for the first half of 2025 surpassed the total financing amounts for the entire years of 2022, 2023, and 2024 [3] - Major IPOs, such as CATL's H-share listing which raised $5.3 billion, contributed to the market's strong performance, with four of the top ten global IPOs in 2025 being from Hong Kong [6] - The average stock price of newly listed companies increased by approximately 14% since their IPOs [6] Group 2: A+H Listings and International Companies - Eight A-share companies raised a total of $10.1 billion by listing in Hong Kong, primarily to expand their international presence [7] - The demand for H-shares from international investors has been strong, with some H-shares trading at a premium compared to their A-share counterparts [7] - International companies, including IFBH, Miri Group, and Nanshan Aluminum, have also successfully listed in Hong Kong, enhancing the city's appeal as an international financing hub [7] Group 3: Investor Participation - International institutional investors actively participated in the new stock offerings, including long-term funds, private equity, strategic investors, hedge funds, and sovereign wealth funds from North America, Europe, and the Middle East [8] - Retail investors also showed strong interest, leading to record-high demand for new stocks, with some experiencing oversubscription [9] Group 4: Sector Performance - The healthcare sector saw a total equity financing of $5.8 billion, marking the highest first-half total since 2021 [10] - The TMT sector raised $13.7 billion, driven by innovations in artificial intelligence [10] - The consumer sector performed exceptionally well, with newly listed companies seeing an average stock price increase of 70% as of June 30, 2025 [11] Group 5: Market Optimization Measures - Regulatory measures, such as the launch of the "Tech Company Fast Track" in May 2025, have facilitated the listing process for technology and biotech companies [12] - The momentum from the first half of 2025 continued into July, with eight companies successfully listing in the first two weeks of the month [12]

Core Viewpoint - Sanhua Intelligent Control has received a new invention patent authorization for a valve component, indicating its ongoing innovation and investment in research and development [1] Group 1: Patent and Innovation - The newly authorized patent is titled "Valve Component" with application number CN202010720203.3, authorized on July 22, 2025 [1] - Sanhua Intelligent Control has obtained a total of 80 new patent authorizations this year, representing a 60% increase compared to the same period last year [1] Group 2: Research and Development Investment - In 2024, the company invested 1.352 billion yuan in research and development, which is a year-on-year increase of 23.25% [1] Group 3: Company Activities and Data - Sanhua Intelligent Control has made investments in 36 enterprises and participated in 36 bidding projects [1] - The company holds 94 trademark records and 2,078 patent records, along with 59 administrative licenses [1]

Core Viewpoint - The Hong Kong IPO market has been thriving in 2023, with cornerstone investors, particularly foreign ones, playing a significant role in the investment landscape [1][2]. Group 1: Cornerstone Investors' Role - In the first half of 2023, cornerstone investors accounted for 45.2% of the total investment in Hong Kong IPOs, with foreign cornerstone investors making up 59.3% of this group, a notable increase from 40.4% in 2024 [1]. - Cornerstone investors are institutional investors who agree to purchase a certain number of shares at a predetermined price before a company goes public, typically with a lock-up period [1]. Group 2: Reasons for Foreign Investment - The influx of foreign cornerstone investors is driven by three main factors: 1. A number of companies listed in Hong Kong this year possess global competitiveness, allowing foreign investors to participate in China's industrial upgrade. Notable companies include Heng Rui Medicine, Haitian Flavoring, Mixue Group, CATL, and Sanhua Intelligent Controls, which have stable performance and promising growth prospects [3]. 2. The active Hong Kong market has shifted cornerstone investors' focus from "protecting issuance" to "securing assets," with the total market capitalization reaching HKD 42.7 trillion, a 33% increase year-on-year, and average daily trading volume up 118% [4]. 3. Global capital reallocation and the revaluation of Chinese assets have encouraged foreign investors to increase their exposure to Hong Kong stocks, especially in light of the Federal Reserve's interest rate cuts and the attractiveness of undervalued Chinese assets [5]. Group 3: Market Dynamics - The participation of foreign cornerstone investors reflects a deeper trust in the core assets of China's industrial upgrade and the resilience of the Chinese market system, indicating a strong potential for attracting more international capital as China's economic transformation gains momentum [5].

金融界7月21日消息，上证指数高开高走，中证新能源汽车优势30指数 (新能源车优势30，931671)报 3044.28点。 据了解，中证新能源汽车优势30指数选取30家竞争优势较好的新能源汽车领域代表性上市公司的证券作 为样本，以突出中竞争格局较好、成长能力较强的新能源汽车主题上市公司的整体表现。该指数以2014 年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证新能源汽车优势30指数十大权重分别为：三花智控（9.81%）、汇川技术 （9.32%）、宏发股份（9.22%）、法拉电子（6.47%）、天齐锂业（5.41%）、先导智能（5.33%）、宁 德时代（5.21%）、中矿资源（5.13%）、天奈科技（4.53%）、盛弘股份（4.5%）。 数据统计显示，中证新能源汽车优势30指数近一个月上涨8.30%，近三个月上涨15.16%，年至今上涨 9.04%。 从中证新能源汽车优势30指数持仓的市场板块来看，深圳证券交易所占比69.93%、上海证券交易所占 比30.07%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整 ...

Core Viewpoint - The company, Sanhua Intelligent Control, successfully executed its IPO in Hong Kong, raising a total of HKD 107.36 billion, including an additional HKD 13.9 billion from the green shoe option, indicating strong market confidence and demand for its shares [1][2]. Financing and Market Performance - The IPO was significantly oversubscribed, with a public offering subscription rate of 747 times and an international offering subscription rate of 23.6 times, showcasing robust investor interest [1]. - Sanhua Intelligent Control's IPO financing places it among the top three Hong Kong IPOs of the year, following major companies like CATL and Hengrui Medicine [1]. - Despite an initial drop of 7% on the first trading day due to market concerns, the stock price rebounded, closing at HKD 28.10 per share, reflecting a nearly 25% increase from the IPO price as of July 18 [1]. Business Outlook and Risks - The company is positioned as a key supplier in the Tesla supply chain, particularly for the humanoid robot project, which has seen a 39.94% increase in its A-share price in 2023 due to the acceleration of Tesla's Optimus project [3]. - Sanhua Intelligent Control has established a joint venture in Mexico to enhance its capabilities in producing electromechanical actuators for humanoid robots, indicating a strategic move to capitalize on the North American market [3]. - However, there are concerns regarding Tesla's humanoid robot project, with reports of significant order reductions from 5,000 units to 1,000 units, which could impact Sanhua's future performance [5]. Financial Performance - The company has projected a revenue increase of 10% to 30% for the first half of 2025, with net profit expected to rise by 25% to 50%, driven by growth in its refrigeration and automotive parts businesses [6]. - This positive financial outlook has helped the company recover from initial post-IPO price drops, with stock prices reaching new highs [7]. Competitive Landscape - The company faces competition from emerging players in the humanoid robot sector, which may affect its market position and partnerships [8]. - Sanhua has not disclosed any collaborations with other humanoid robot companies, raising questions about its competitive strategy in this evolving market [9].