Market Performance - US stock indices experienced slight gains overnight, with most popular Chinese concept stocks also rising [1] - Hong Kong's three major indices opened higher, with the Hang Seng Index up 0.4%, the National Index up 0.36%, and the Hang Seng Tech Index up 0.55% [1] Sector Performance - Large technology stocks mostly showed positive performance, with Xiaomi, Kuaishou, and Tencent rising within 0.8% [1] - Apple’s iPhone 17 launch event led to a collective rise in Apple-related stocks, with Lens Technology surging nearly 8%, followed by AAC Technologies, Sunny Optical, and Weishi Jiajie [1] - Biopharmaceutical stocks became active again, with Junshi Biosciences rising nearly 6%, and WuXi Biologics, Tigermed, and BeiGene also seeing gains [1] - AI concept stocks experienced a significant uptick, with Fourth Paradigm rising 5%, Huilyang Technology nearly 4%, and China Software International and Kingdee International both up nearly 3% [1] - Conversely, wind power stocks, food and beverage stocks, and shipping stocks saw some declines, with Sea Harvest International and Goldwind Technology dropping over 2%, and Yum China down 1.5% [1] Notable Events - Jiangsu Jiekang-B (02617.HK) and Zhengli New Energy (03677.HK) were included in the Hang Seng Index series [1] - The dovish remarks from Powell triggered a surge in Hong Kong tech stocks, leading to a three-year high for the Hang Seng Tech Index [1] - The Hang Seng Tech Index ETF (159742) attracted significant capital inflow, raising 574 million yuan in the past 20 days, with leveraged funds pouring in [1] - ETFs related to government bonds, Hong Kong securities, 30-year national bonds, innovative AI, and the Hang Seng Tech Index have gained popularity [1]

Core Viewpoint - 正力新能 has been selected by Hang Seng Indexes Company to be included in multiple indices effective from September 8, 2025, indicating market recognition of the company's business performance and growth prospects [1] Group 1: Index Inclusion - 正力新能 will be included in the following indices: Hang Seng Composite Index, Hang Seng Composite Industry Index - Industrial, Hang Seng Composite Small Cap Index, Hang Seng Small Cap (Investable) Index, Hang Seng Automotive Theme Index, and several others related to Hong Kong Stock Connect [1] - The inclusion in these indices is expected to enhance the company's shareholder base and improve the liquidity of its shares [1] Group 2: Market Recognition - The board believes that being included in these indices signifies a positive affirmation from the capital market regarding the company's business performance and growth outlook [1] - The company anticipates that this inclusion will further enhance its reputation in the capital market and increase brand awareness [1]

Core Viewpoint - 正力新能 (03677) has been selected by Hang Seng Indexes Company to be included in multiple indices effective from September 8, 2025, indicating strong market recognition of the company's business performance and growth prospects [1] Group 1 - The company will be included in the following indices: Hang Seng Composite Index, Hang Seng Composite Industry Index - Industrial, Hang Seng Composite Small Cap Index, Hang Seng Small Cap (Investable) Index, Hang Seng Automobile Theme Index, Hang Seng Stock Connect Index, Hang Seng Stock Connect Small Cap Index, Hang Seng Stock Connect Automobile Theme Index, Hang Seng Stock Connect Materials and Industrial Index, Hang Seng Stock Connect Materials and Industrial (Investable) Index, and Hang Seng Stock Connect Mainland China Companies Index [1] - The board believes that inclusion in these indices will help accelerate the expansion of the shareholder base and improve the liquidity of the company's shares [1] - The company expects that being part of these indices will enhance its reputation in the capital markets and increase brand awareness [1]

Core Viewpoint - 正力新能 has been selected by Hang Seng Indexes Company to be included in multiple indices effective from September 8, 2025, indicating market recognition of the company's business performance and growth prospects [1] Group 1: Index Inclusion - 正力新能 will be included in the following indices: Hang Seng Composite Index, Hang Seng Composite Industry Index - Industrial, Hang Seng Composite Small Cap Index, Hang Seng Small Cap (Investable) Index, Hang Seng Automotive Theme Index, Hang Seng Stock Connect Index, Hang Seng Stock Connect Small Cap Index, Hang Seng Stock Connect Automotive Theme Index, Hang Seng Stock Connect Materials and Industrial Index, Hang Seng Stock Connect Materials and Industrial (Investable) Index, and Hang Seng Stock Connect Mainland China Companies Index [1] Group 2: Market Impact - The board believes that inclusion in these indices will help accelerate the expansion of the shareholder base and improve the liquidity of the company's shares [1] - The company expects that this inclusion will enhance its reputation in the capital markets and increase brand awareness [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，並明確表示概不會就本公告全部或任何部分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。 Jiangsu Zenergy Battery Technologies Group Co., Ltd. 江蘇正力新能電池技術股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3677） 自願性公告 獲納入恒生指數系列成份股 本公告乃由江蘇正力新能電池技術股份有限公司（「本公司」，連同其附屬公司統 稱「本集團」）自願作出。 董事會認為，本公司獲納入有關指數象徵著資本市場對於本集團業務表現及增長 前景的肯定。董事會相信，獲納入有關指數將有助加快擴大本集團股東基礎及提 高本公司股份的交易流通性，並進一步提高本公司在資本市場上的聲譽及本集團 的品牌知名度。 1 1. 恒生綜合指數； 2. 恒生綜合行業指數－工業； 3. 恒生綜合中小型股指數； 4. 恒生綜合小型股指數； 5. 恒生小型股（可投資）指數； 6. 恒生汽車主題指數； 7. 恒生港股通指數； 8. 恒生港股通中小型股指數； 9. ...

Core Viewpoint - The article highlights the significant growth in China's new energy vehicle (NEV) market and the corresponding increase in power battery installation capacity, indicating a pivotal year for GWh-level shipments in 2025 [2][3]. Summary by Sections New Energy Vehicle Sales - In the first seven months of 2025, China's NEV sales reached 8.22 million units, a year-on-year increase of 38.5%, with a penetration rate of 45.0%, up by 8.6 percentage points [2]. Power Battery Installation - The power battery installation capacity in China for the same period reached 343.52 GWh, reflecting a year-on-year growth of 40.2% [2]. Battery Enterprises and Clients - A total of 48 power battery companies provided installation for vehicles, a decrease of 3 companies compared to the previous year, primarily serving passenger vehicles [6]. - The top 10 battery enterprises by installation volume include CATL, BYD, and others, with a total installation of 153.46 GWh for the leading companies [7][8]. Market Concentration - The market concentration for the top 10 battery companies (CR10) was 95.3%, a decrease of 1.3 percentage points year-on-year, attributed to the market share gains of emerging companies [8]. Battery Material Types - In terms of battery materials, the installation of ternary batteries was 66.63 GWh, accounting for 19.4%, down by 7.2 percentage points year-on-year, while lithium iron phosphate batteries reached 276.56 GWh, making up 80.5%, an increase of 7.2% [8]. Battery Shapes - The installation of square batteries was 334.29 GWh, representing 97.3% of the total, an increase of 0.5 percentage points year-on-year. Cylindrical batteries accounted for 2.1% and soft-pack batteries for 0.6% [10]. - BMW announced the upcoming use of large cylindrical batteries in its new vehicles, which is expected to boost the market share of cylindrical batteries [10].

Group 1 - The Hang Seng Index Company announced the results of the quarterly review for the Hang Seng Index series as of June 30, 2025 [1] - Zhengli New Energy (3677.HK) has been included in the Hang Seng Composite Index, with the changes to be implemented after market close on September 5 and effective from September 8 [1]

Core Viewpoint - The Hang Seng Index Company announced adjustments to the Hang Seng Composite Index, with changes to the Hong Kong Stock Connect list effective from September 8, 2025, following the close of trading on September 5, 2025 [1] Group 1: Adjustments to Hong Kong Stock Connect - The adjustments will include 20 stocks being added to the Hong Kong Stock Connect, while 19 stocks will be removed [1][2] - The sectors of the newly included stocks include Information Technology, Materials, Healthcare, Industrials, Consumer Discretionary, Real Estate, and Consumer Staples [2] Group 2: Performance of Adjusted Stocks - Historical data shows that newly included stocks in the Hong Kong Stock Connect have exhibited significant excess returns, with median and average returns of +1.8% and +5.2% respectively during the adjustment window [3] - Conversely, stocks being removed from the Hong Kong Stock Connect have underperformed the market, with median returns of -4.6% and -5.3% during the respective periods [3] Group 3: Market Dynamics and Trends - There has been a notable "running ahead" phenomenon, where stocks predicted to be included have outperformed the Hang Seng Index by an average of 29.2% since July 1, 2025, indicating increased speculative trading [4] - The continuous inflow of southbound funds has enhanced the adjustment effects of the Hong Kong Stock Connect, reflecting a shift in pricing power towards Hong Kong stocks [4]

8月22日，恒生指数公司宣布截至2025年6月30日之恒生指数系列季度检讨结果，其中正力新能(03677) 获纳入恒生综合指数，变动将于9月5日(星期五)收市后实施并于9月8日(星期一)起生效，届时沪深交易 所会相应调整港股通可投资标的范围。据华泰证券研报，正力新能有可能被调入港股通，因其满足了包 括市值、流动性和上市时间等在内的一系列标准。 正力新能公告，预计截至2025年6月30日止六个月取得净利润为介于约人民币1.98亿元到2.43亿元。去年 同期，集团净亏损约为人民币1.30亿元。本报告期与上年同期相比，净利润将增加约人民币3.28亿元到 3.73亿元。 ...

Group 1 - The core point of the article is that Zhengli New Energy (03677) has been included in the Hang Seng Composite Index, with the changes effective from September 8, 2025, following the quarterly review by the Hang Seng Index Company [1] - The inclusion in the index may lead to Zhengli New Energy being added to the Hong Kong Stock Connect, as it meets various criteria including market capitalization, liquidity, and listing duration [1] - Zhengli New Energy expects to report a net profit ranging from approximately RMB 198 million to RMB 243 million for the six months ending June 30, 2025, a significant increase compared to a net loss of approximately RMB 130 million in the same period last year [1]