Group 1 - The company Sanhua Intelligent Control (002050) stated that its robotics business cannot disclose information publicly due to commercial confidentiality agreements [1]

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12月29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 | A | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 002050 | 說明 | A股 (於深圳證券交易所上市) | | | | | 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 | | 已發行股份（不包括庫存股份）數 目 | 佔 ...

Group 1 - The Hong Kong IPO market is projected to raise HKD 286.3 billion (approximately USD 36 billion) in 2025, surpassing Nasdaq and reclaiming the top position globally in fundraising [1] - A significant contribution to the IPO scale expansion comes from 19 A-share listed companies that successfully listed in Hong Kong, raising a total of HKD 139.993 billion, accounting for nearly half of the total new stock fundraising [2] - Major companies like CATL, Hengrui Medicine, and Haidilao have collectively raised HKD 1,033.2 billion, highlighting the trend of leading enterprises seeking internationalization and risk diversification through Hong Kong listings [2] Group 2 - The "hard technology" sector saw 88 companies listed in 2025, benefiting from the Hong Kong Stock Exchange's favorable regulations for biotech and specialized technology companies, creating a notable listing surge [3] - New consumption brands, including Mixue and Saturday's Fortune, have found success in the Hong Kong market, with 14 out of 19 consumer companies experiencing oversubscription rates exceeding 100 times [3] - The influx of international capital into Hong Kong stocks is driven by the appeal of "verifiable growth stories" and "scarcity," enriching the investment landscape with new business models and growth narratives [3] Group 3 - The IPO market in Hong Kong experienced a decline in the first-day loss rate to approximately 28.83%, the lowest in five years, with 18 new stocks doubling in price on their debut [4] - The net inflow of southbound funds reached HKD 1.41 trillion, setting a historical record, indicating a positive feedback loop between market sentiment and liquidity [4] - Forecasts for 2026 suggest around 160 new stocks will be listed, with fundraising expected to exceed HKD 300 billion, maintaining Hong Kong's status as a global fundraising leader [4]

12月29日，A股市场走势分化，沪指翘尾翻红，喜提九连阳！同类规模领先、费率最低档的电池50ETF（159796）跌超2%，六连阳后首度回调！资金逆势涌 入、无惧波动，电池50ETF（159796）全天获9100万份净申购。 电池50ETF（159796）标的指数成分股多数回调，欣旺达跌超11%，多氟多跌超8%，亿纬锂能（维权）跌超4%，天赐材料跌超3%，阳光电源、宁德时代等 回调，三花智控逆势上涨。 【电池50ETF（159796）标的指数前十大成分股】 | 序号 | 代码 | 名称 | 申万―级行业 | 涨跌幅 | 估自权重 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 300274 | 阳光电源 | 电力设备 | -2.96% | 9.37% | | 2 | 300750 | 宁德时代 | 电力设备 | -1.37% | 7.75% | | 3 | 002050 | 三花智控 | 家用电器 | 0.91% | 7.34% | | 4 | 300014 | 亿纬锂能 | 电力设备 | -4.43% | 5.94% | | 5 | 002709 | 天赐材料 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 001268 | 联合精密 | 37.47 | -4.39% | 3.74万 | 1.43亿 | | 300342 | 天银机电 | 32.52 | -3.50% | 83.60万 | 27.47 乙 | | 301280 | 珠城科技 | 50.67 | -2.20% | 2.93万 | 1.49 乙 | | 920768 | 拾比値 | 12.02 | -2.04% | 1.50万 | 1806.98万 | | 920124 | 南特科技 | 18.63 | -1.84% | 5.49万 | 1.03亿 | | 920718 | 合肥高科 | 15.37 | -1.79% | 7008.37 | 1083.37万 | | 002418 | 康盛股份 | 4.86 | -1.62% | 72.20万 | 3.52 Z | | 920108 | 宏海科技 | 13.55 | -1.60% | 8198.37 | 1114.86万 | | 00201 ...

Core Viewpoint - Sanhua Intelligent Controls is expected to achieve a net profit of 1.019 billion yuan in Q4 2025, representing a year-on-year increase of 27.8%, and a net profit of 904 million yuan after deducting non-recurring items, reflecting a year-on-year growth of 4.0% [1] Group 1: Business Performance - The company is consolidating its leading position in the air conditioning and refrigeration components industry, capitalizing on market demand growth opportunities [1] - The core products benefit from deep technical accumulation and advantages in large-scale production, driving continuous growth in this business segment [1] Group 2: Automotive Sector - The company is leveraging its leading market position in the global thermal management field for electric vehicles, continuously expanding quality orders through the demonstration effect of benchmark customers [1] - This strategy further solidifies the growth momentum of the automotive components business [1] Group 3: Profitability and Investment Rating - Based on the continuous improvement in profitability, the profit forecast has been raised, and the investment rating is maintained at "Buy" [1]

Group 1 - The company, Sanhua Intelligent Control (02050.HK), announced a share buyback plan on December 29, 2025, involving an expenditure of RMB 49.936 million to repurchase 1.0271 million A-shares [1] - The repurchase price per share is set between RMB 47.56 and RMB 48.82 [1]

智通财经APP讯，三花智控(02050)发布公告，于2025年12月29日，该公司斥资人民币4993.6万元回购 102.71万股A股，每股回购价格为47.56-48.82元。 ...

三花智控（002050）(02050)发布公告，于2025年12月29日，该公司斥资人民币4993.6万元回购102.71万 股A股，每股回购价格为47.56-48.82元。 ...

Core Viewpoint - Sanhua Intelligent Control (02050) has seen a stock price increase of over 4% during trading, currently up 3.83% at HKD 34.72, with a trading volume of HKD 265 million [1] Financial Performance - The company expects a net profit attributable to shareholders of approximately HKD 3.874 billion to HKD 4.649 billion for 2025, representing a year-on-year growth of 25% to 50% [1] - The net profit excluding non-recurring gains and losses is projected to be around HKD 3.679 billion to HKD 4.615 billion, with a year-on-year growth of 18% to 48% [1] Growth Prospects - According to Guotai Junan Securities, the company is actively expanding into new fields and steadily increasing production capacity, with expected annual growth rates of 20% to 30% in the coming years [1] - The company has announced a share buyback plan with an investment of HKD 300 million to HKD 600 million, having repurchased HKD 106 million worth of shares by the end of November, indicating potential positive effects on stock prices [1] Robotics Development - The company is optimistic about the future of robotics and is leveraging close partnerships with major clients to enter the robotics actuator market [1] - A robotics division was established this year, with increased R&D investment in robotics-related products [1] - The company plans to allocate 10% of its IPO proceeds (approximately HKD 700 million) to the robotics business and aims to hire 200 additional R&D personnel over the next three years [1] - Collaboration with major clients is ongoing for R&D and trial production, with expectations for mass production of client robotics products by 2026, indicating a potential breakthrough in the robotics business [1]