股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 奧克斯電氣有限公司 呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02580 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.000005 | USD | | 50,000 | 本月底法定/註冊股 ...

Group 1 - The top three companies with net inflow of southbound funds are SMIC (00981) with 458 million, Sanhua Intelligent Control (02050) with 405 million, and Hua Hong Semiconductor (01347) with 390 million [1] - The top three companies with net outflow of southbound funds are China Mobile (00941) with -601 million, UBTECH (09880) with -516 million, and Sanofi (01530) with -357 million [1] - In terms of net inflow ratio, Haitian Flavoring (03288) leads with 76.61%, followed by Southern Hong Kong Stock Connect (03432) with 62.50%, and CIMC (02039) with 59.57% [1] Group 2 - The top ten companies by net inflow include Tencent Holdings (00700) with 272 million and Alibaba-W (09988) with 263 million [2] - The top ten companies by net outflow include Meituan-W (03690) with -287 million and Bilibili-W (09626) with -242 million [2] - The top three companies with the highest net outflow ratio are Dekang Agriculture (02419) at -50.69%, Sanofi (01530) at -47.05%, and Jianfa International Group (01908) at -45.45% [3]

中国经济网北京1月15日讯 奥克斯电气（02580.HK）今日港股收报13.04港元，跌幅1.73%，今日 盘中最低价13.00港元，创上市以来新低。奥克斯电气截至今日港股收盘较发售价累计跌去25.14%。 最终发售价及配发结果公告显示，奥克斯电气发售股份数目238,235,200股，其中，公开发售的发 售股份最终数目（在重新分配及发售量调整权获悉数行使后）83,382,400股，国际发售的发售股份最 终数目（在重新分配及发售量调整权获悉数行使后）154,852,800股。 (责任编辑：徐自立) 奥克斯电气的最终发售价为17.42港元，所得款项总额为4,150.1百万港元，扣除按最终发售价计算 的估计应付上市开支156.5百万港元，所得款项净额为3,993.5百万港元。 奥克斯电气9月2日在港交所上市，当日收报16.48港元，跌幅5.4%。目前，奥克斯电气港股处于破 发状态。 奥克斯电气的基石投资者分别为中邮保险、中邮理财、华菱集团（香港）国际贸易有限公司、西藏 源乐晟及CICC Financial Trading Limited（有关西藏源乐晟场外掉期）、深圳永信及国泰君安投资（有 关深圳永信场外掉期），获 ...

公司名稱: 奧克斯電氣有限公司 呈交日期: 2026年1月7日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02580 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.000005 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 FF301 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月 ...

Group 1 - The Hang Seng Tech Index experienced a decline of over 1%, while the CSI Hong Kong Stock Connect Consumer Theme Index saw a slight increase of 0.02% as of the report time [1] - Among the constituent stocks, companies such as Shangmei Co., Ltd. rose by over 2%, with other notable gainers including KANAT Optics, AUX Electric, Mao Ge Ping, Xiao Cai Yuan, and Master Kong Holdings [1] - The Hong Kong Consumer ETF (159735) tracked the CSI Hong Kong Stock Connect Consumer Theme Index, which consists of 50 large-cap consumer-related stocks with good liquidity, reflecting the overall performance of consumer stocks within the Hong Kong Stock Connect [1] Group 2 - The emotional consumption market in China is rapidly growing, projected to increase from 16.3 trillion yuan in 2022 to 27.2 trillion yuan by 2025, and expected to exceed 45 trillion yuan by 2029 [1] - Over 90% of young people recognize the concept of "emotional value," with nearly 60% willing to pay for it, indicating a strong market potential driven by the younger demographic [1] - Experts believe that Chinese products and services have unique advantages in the emotional consumption sector, which is becoming a significant growth area in the overall consumption market [1] Group 3 - According to Everbright Securities, the consumption sector is expected to stabilize due to policy support and a rebound in consumer confidence, potentially leading to performance recovery and growth opportunities [2] - Leading companies in specific sub-sectors are noted for their strong resilience and competitive market positions [2]

谈及家电行业"内卷"，格力电器董事长董明珠向记者表示，家电行业竞争非常激烈，大家不再追求技术 突破，简单地偷工减料，以价格忽悠用户。如果图便宜买1000元的空调，面临的维修成本远远大于购买 一台质量好的产品，劣质产品耗电量也是正常产品耗电量的翻倍。 市场"价格战"悄然改变行业格局。小米集团合伙人、总裁卢伟冰在2025年年初提到，"小米空调2024年 是中国市场第四名，今年目标坐稳第三名，最近提出2030年目标，在中国市场空调要做到数一数二。虽 然目标蛮难，但我认为小米机会很大。" 2025年收官，家电行业经历了市场竞争与资本布局的双重变革。空调赛道成为最热门领域，政策引导下 的多重补贴引发激烈价格战，"千元机"频现，行业均价结构性下探，不仅导致头部品牌市场份额收缩， 也让小米等新势力借机崛起，行业格局悄然生变。 资本市场方面，A股家电及消费电子企业赴港上市热潮涌动，奥克斯电气成功登陆港股，石头科技、极 米科技、视源股份等纷纷推进"H股上市"计划，以"A股+H股"双平台布局拓展融资渠道、加速全球化进 程，为行业发展注入新的资本动力，2026年行业竞争与布局或将更趋激烈。 价格战下，空调头部企业份额收缩 2025 ...

Core Viewpoint - The Hong Kong consumer sector experienced a decline, with the Hong Kong Consumer ETF (513230) showing a nearly 1% pullback, indicating market volatility and investor sentiment shifts [1] Group 1: Market Performance - The consumer stocks such as Mao Ge Ping, Mixue Group, Lao Pu Gold, Blukoo, and Pop Mart saw significant declines, while stocks like Conant Optical, Aux Electric, and Taobo showed gains [1] - The overall performance of the consumer sector reflects broader market trends and investor reactions to economic policies [1] Group 2: Economic Policy Insights - The National Financial Work Conference emphasized the continuation of a more proactive fiscal policy in 2026, focusing on domestic demand and consumer spending [1] - Key initiatives include boosting consumption through special actions, increasing effective investment, and advancing the construction of a unified national market [1] - The National Development and Reform Commission and the Ministry of Finance issued a notice regarding the implementation of large-scale equipment updates and consumer goods replacement policies for 2026, outlining support areas and subsidy standards [1] Group 3: Investment Outlook - Guojin Securities noted that the central economic work meeting prioritizes "expanding domestic demand," which may revitalize the long-dormant consumer sector and attract investor interest [1] - The anticipated increase in household income and the return of capital flows, along with rising inbound tourism, are expected to contribute to a recovery in Chinese consumption [1]

Group 1 - The A-share market in 2025 experienced fluctuations but lacked the intensity of previous bull markets, characterized by a "slow bull" trend under the overarching theme of "boosting confidence, promoting growth, and stabilizing expectations" [1][11] - Key investment themes included long-term capital, leading technology innovation, and mergers and acquisitions, with high-frequency mentions of concepts like artificial intelligence and humanoid robots [1][11] - The report by Southeast Finance introduced a series titled "Top Ten Hot Words in the 2025 Capital Market," reflecting the diverse responses of the A-share market and Ningbo's unique vitality and resilience [1][11] Group 2 - In 2025, the number of new IPOs in Hong Kong reached 113, nearly doubling from the previous year and surpassing A-shares, with total fundraising amounting to 2730.12 billion RMB, making it the highest globally [5][16] - The "A+H" IPO fundraising total reached 1508.31 billion RMB, accounting for over 80% of the total H-share fundraising, nearly three times that of 2024 [5][16] - Notable companies that raised over 100 billion RMB through "A+H" IPOs included CATL with 377.01 billion RMB and Zijin Mining International with 262.32 billion RMB [6][17] Group 3 - The first company from Ningbo to achieve "A+H" dual listing was Junsheng Electronics, which raised 31 billion RMB on November 6, 2025, marking the beginning of Ningbo A-share companies listing in Hong Kong [10][21] - Other Ningbo companies that went public included Aokas Electric, which raised 202.87 billion RMB, and Junsheng Electronics, which raised 241.84 billion RMB [19][21]

Core Viewpoint - The "Mars 1 Degree of Electricity" challenge by Aux is not just a marketing stunt but a strategic move to upgrade the brand and showcase its energy-saving technology, which may be undervalued in the market [1][2]. Group 1: Event and Technology - The challenge successfully demonstrated Aux's energy-saving technology by illuminating 10,306 LED lights using just 1 degree of electricity, transforming abstract energy savings into a visual spectacle [1]. - Aux's "smart energy-saving technology" is supported by precise temperature control algorithms and dynamic power adjustment systems, allowing the air conditioning units to optimize their operation based on environmental changes [4]. Group 2: Market Impact and User Value - The energy-saving technology can potentially save each household over 100 kWh annually, making the benefits tangible and relatable for consumers, thus enhancing the emotional connection between the brand and users [5]. - The challenge aligns with the global "dual carbon" consensus, addressing market demands for high cost-performance and low energy consumption products, particularly in emerging markets [6]. Group 3: Financial Performance and Growth - Aux's overseas sales revenue reached 10.41 billion yuan in 2023 and is projected to grow to 14.68 billion yuan in 2024, with significant year-on-year increases of 24.2% and 41.0% respectively [9]. - The company's overseas revenue surpassed domestic sales for the first time in the first half of 2025, reaching 10.84 billion yuan, reflecting a 27.9% year-on-year growth [9]. Group 4: Strategic Evolution - Aux has evolved from an industry follower to a global player, leveraging strategic insights to address core industry challenges and adapting to market changes over three decades [12]. - The dual business model of ODM and OBM has been crucial for Aux's global success, with ODM contributing 81.3% of foreign sales revenue in 2024 [13]. Group 5: Social Responsibility and Market Perception - Aux's commitment to social responsibility is evident through its donation of 30 million HKD for disaster relief, reinforcing its brand value beyond mere commercial success [16]. - Market analysts, such as Huatai Securities, have given Aux a "buy" rating with a target price of 17.67 HKD, indicating potential for valuation growth based on its technological and strategic strengths [16].

12月16日，港股消费板块早盘持续震荡，港股消费ETF（513230）现跌超1%。持仓股中，布鲁可、奥 克斯电气、卫龙美味、康耐特光学、泡泡玛特等跌幅靠前，巨子生物、高鑫零售、蜜雪集团等涨幅靠 前。 商务部最新数据显示，今年1-11月，消费品以旧换新（即"国补"）带动相关商品销售额超2.5万亿元，惠 及超3.6亿人次。在12月10日-12月11日举行的中央经济工作会议上明确，国家明年将继续发行超长期特 别国债支持消费品以旧换新。 银河证券认为，中央经济工作会议肯定了以旧换新补贴政策的作用， 提到了优化"两新"政策实施，机 构预计2026年以旧换新补贴政策将进一步优化，对于已享受补贴 的品类预计力度将有所下降，同时预 计会引入新的补贴品类。 港股消费ETF（513230）跟踪中证港股通消费主题指数，一键打包互联网电商龙头+新消费，成分股近 乎囊括港股消费的各个领域，包括泡泡玛特、老铺黄金等新消费龙头，又包含腾讯、阿里巴巴、小米等 互联网电商龙头，科技+消费属性突出。 ...