The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of RoboTechnik Intelligent Technology Co., Ltd. 羅博特科智能科技股份有限公司 (the "Company") (A joint stock company incorporated in ...

Just weeks ago, it looked like a majority of countries would vote to adopt a global carbon tax on shipping. But then threats from the US, led by Donald Trump, cause the countries to waver and sink the idea. The world now has a carbon bully, as one expert put it.Trump has never been a fan of green technologies, but in this second term, he has made a concerted effort to wreck climate policies. At home, he has canceled renewable energy projects and made it harder to build new ones. While urging the oil and gas ...

Next-Generation Geothermal Looks For Its Wind And Solar Moment https://t.co/DLKRlz2gyp ...

Core Insights - HIVE Digital Technologies has surpassed 22 EH/s in Bitcoin-mining capacity, achieving a 267% year-to-date growth while transitioning Tier-1 data centers to Tier-3 HPC facilities for AI Cloud expansion in Sweden [2][3][10] Group 1: Mining Capacity and Efficiency - The company has reached a production level of 9.5 Bitcoin per day with a fleet efficiency of approximately 17.8 J/TH and a mining margin of 55% after electricity costs at a $47 Hashprice, showcasing operational efficiency across multiple countries [4][5] - HIVE anticipates reaching 25 EH/s by U.S. Thanksgiving, with a targeted fleet efficiency of 17.5 J/TH, indicating that growth in EH/s is significant for revenue and cash flow expansion [5][11] Group 2: AI Cloud Expansion - HIVE is converting a Tier-1 data center in Boden, Sweden, into a Tier-3 liquid-cooled HPC facility, which is expected to accelerate cash flow generation compared to traditional greenfield builds [6][7] - The upgraded facility will support 2,000 NVIDIA GPUs for enterprise-grade AI workloads, building on two years of AI operations in Stockholm [7][9] Group 3: Strategic Growth and Infrastructure - HIVE has secured power and land at three strategic locations for next-generation renewable-powered HPC operations, including the BUZZ data center in Toronto, which will host an additional 2,000 GPUs in 2026 [8] - The company aims to operate approximately 6,000 GPUs by 2026, catering to both AI training and inference workloads [9] Group 4: Executive Commentary and Future Outlook - HIVE's leadership emphasizes the importance of repurposing existing infrastructure for faster cash flow generation and the dual-engine strategy of growing both Bitcoin mining and AI Cloud services powered by renewable energy [10][11] - The company has fully funded and delivered all hardware for its Paraguay expansion, with a target of 25 EH/s by late 2025 and 35 EH/s during 2026, while scaling its HPC division five-fold [11]

Core Insights - HIVE Digital Technologies has surpassed 22 EH/s in Bitcoin-mining capacity, achieving a 267% year-to-date growth while transitioning Tier-1 data centers to Tier-3 HPC facilities for AI Cloud expansion in Sweden [2][3][11] Group 1: Mining Capacity and Efficiency - The company has reached a production level of 9.5 Bitcoin per day with a fleet efficiency of approximately 17.8 J/TH and a mining margin of 55% after electricity costs at a $47 Hashprice, showcasing operational efficiency across multiple countries [4][5] - HIVE anticipates reaching 25 EH/s by U.S. Thanksgiving, with a targeted fleet efficiency of 17.5 J/TH, indicating that growth in EH/s is significant for revenue and cash flow expansion [5][12] Group 2: AI Cloud Expansion - HIVE is converting a Tier-1 data center in Boden, Sweden, into a Tier-3 liquid-cooled HPC facility, which is expected to accelerate cash flow generation compared to traditional greenfield builds [6][7] - The upgraded facility will support 2,000 NVIDIA GPUs for enterprise-grade AI workloads, building on two years of AI operations in Stockholm [7][9] Group 3: Strategic Growth and Infrastructure - HIVE has secured power and land at three strategic locations for next-generation renewable-powered HPC operations, including the BUZZ data center in Toronto, which will host an additional 2,000 GPUs in 2026 [8][9] - The company’s Paraguay expansion is fully funded and supported by fixed-rate hydroelectric power, ensuring predictable and scalable economics [12] Group 4: Executive Commentary - Company executives emphasize the significance of crossing the 22 EH/s milestone and the strategic conversion of data centers, positioning HIVE as a dual-engine digital-power company bridging blockchain and AI [11] - The operational strength allows simultaneous growth in Bitcoin mining and AI Cloud services, all powered by renewable energy [11] Group 5: Future Outlook - HIVE targets 25 EH/s by late 2025 and 35 EH/s during 2026 while scaling its HPC division five-fold over the same period, indicating robust annual recurring revenue potential from both Bitcoin production and AI Cloud contracts [12]

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Xiamen Hithium Energy Storage Technology Co., Ltd. 廈門海辰儲能科技股份有限公司 (the "C ...

Company Overview - Constellation Energy Group offers a range of services including electricity generation and sales, natural gas, renewable energy, and related energy services across the United States [5] - The company operates a diversified portfolio of nuclear, wind, solar, natural gas, and hydroelectric assets, generating revenue through wholesale and retail energy sales [5] - Constellation Energy has over 32,400 megawatts of generating capacity, emphasizing a balanced mix of nuclear and renewable assets [6] Financial Performance - As of October 16, 2025, Constellation Energy reported a revenue of $23.57 billion and a net income of $3.75 billion [4] - The company's dividend yield is currently at 0.39%, but it has increased its dividend payout by 175% since initiating a dividend program in 2022 [4][9] Recent Developments - TB Alternative Assets Ltd. reduced its stake in Constellation Energy by 94,343 shares, valued at approximately $30.45 million, bringing its total holdings to 69,606 shares valued at $22.91 million [2][3] - Following this transaction, Constellation Energy's stake in TB Alternative Assets is now 3.4% of the fund's reportable U.S. equity assets [3] - Constellation Energy's stock price was $396.53 as of October 16, 2025, reflecting a 41.7% increase over the past year, outperforming the S&P 500 index by 35.9 percentage points [3] Strategic Positioning - The company's nuclear energy segment is expected to deliver a growing revenue stream, supported by expanded nuclear tax credits from recent legislation [10] - Constellation Energy has secured a 20-year deal with Meta to provide the full output of the Clinton Clean Energy Center, indicating strong demand for its energy solutions [10]

Group 1 - The State-owned enterprise, Guoxuan High-tech, reported a third-quarter revenue of 10.114 billion yuan, a year-on-year increase of 20.68%, and a net profit of 2.167 billion yuan, a year-on-year increase of 1434.42% [1] - Dongfang Fortune's third-quarter revenue was 4.733 billion yuan, a year-on-year increase of 100.65%, with a net profit of 3.53 billion yuan, a year-on-year increase of 77.74% [1] - The company, Wen Tai Technology, reported a net profit increase of 265.09% year-on-year for the first three quarters [3] - The company, Chahua Co., reported a third-quarter revenue increase of 240.5% year-on-year [3] - The company, Chifeng Gold, reported a third-quarter net profit increase of 140.98% year-on-year [3] - The company, Xiamen Tungsten, reported a third-quarter net profit increase of 109.85% year-on-year [3] Group 2 - The Ministry of Industry and Information Technology is soliciting opinions on the "Implementation Measures for Capacity Replacement in the Steel Industry," which prohibits new steel smelting projects outside compliant parks in the Yangtze River Economic Belt [1] - The National Development and Reform Commission and other departments have issued a notice to support 49 high-quality outdoor sports destination construction areas, including Beijing's Pinggu District [1] - The People's Bank of China announced a 900 billion yuan medium-term lending facility operation to maintain ample liquidity in the banking system [1]

Core Insights - Tesla is expanding its operations into Africa, with a job listing for a Country Sales & Delivery Leader in Casablanca, Morocco, indicating potential market entry [2][3][5] Group 1: Job Posting and Responsibilities - The job posting for the Country Sales & Delivery Leader outlines responsibilities including driving sales and delivery strategy, daily operations, hiring and developing local workers, and enhancing market growth and customer satisfaction [3][4] - This full-time position suggests that Tesla's operations in Morocco may be imminent, following a previous investment of $2.75 million in the country [3][5] Group 2: Renewable Energy Focus - Morocco's emphasis on renewable energy presents opportunities for Tesla to explore electric vehicle and clean energy initiatives in the region [4] Group 3: Global Expansion Context - Africa would be the sixth continent for Tesla, with only Antarctica remaining without Tesla operations [5] - Tesla currently has factories in North America, Europe, and Asia, and operates in Australia and limited capacity in South America, specifically in Chile [6] - Recent job postings in Colombia suggest further expansion plans in South America, although no official announcements have been made [6][7]

Financial Data and Key Metrics Changes - Total income for Q3 2025 reached $72.4 million, a 13.7% year-over-year increase, while total income excluding energy reached $69.9 million, a 14.5% increase [5][6] - Adjusted net operating income increased 14.7% to $66.1 million, with an adjusted NOI margin of 94.4%, up 16 basis points from the prior year [16] - Adjusted EBITDA totaled $59.7 million, a 15% increase year-over-year, with a margin expansion of 34 basis points to 85.3% [16] - FFO, including current tax, increased 16.5% year-over-year to $47.4 million [16] - The company revised its full-year 2025 guidance, expecting EBITDA margin to reach 84.5%, up from 83.5% [15] Business Line Data and Key Metrics Changes - Total leasing activity for Q3 2025 reached 1.7 million sq ft, with 597,000 sq ft in new leases and 1.1 million sq ft in renewals [6] - The overall portfolio occupancy reached 89.7%, while stabilized and same-store occupancy reached 94.3% and 94.8% respectively [7] - The retention rate remains high, and rents on rollovers continue to trend upward, indicating strong tenant relationships [5] Market Data and Key Metrics Changes - In Monterrey, the company completed construction of Apodaca Park, with strong interest from advanced manufacturing and logistics companies [8] - Ciudad Juárez saw a market turnaround with a 130 basis point contraction in overall vacancy and 1.3 million sq ft of net absorption during the quarter [9] - Tijuana is experiencing slower recovery due to high vacancy from recent supply influx, but early signs of reactivation are noted [10] - Guadalajara maintained a healthy 2.8% vacancy rate, while Mexico City reported record absorption year-to-date at the highest in five years, with a low vacancy of 2% [11] Company Strategy and Development Direction - The company is focused on its Route 2030 growth strategy, prioritizing markets with visible tenant demand and ensuring capital allocation is tied to quality and timing [14] - The company is cautious about new developments, with only one project under construction, but plans to resume new development starts by the end of 2025 and beginning of 2026 [14] - The company is actively engaging in land acquisitions to support future growth, having acquired 330 acres in Monterrey [8] Management's Comments on Operating Environment and Future Outlook - Management noted encouraging signs of improvement in leasing momentum and tenant demand, indicating a recovery in the industrial real estate market [4] - The company is confident in its ability to capture demand as market conditions improve, particularly in key regions [7] - Management emphasized the importance of energy supply and collaboration with government authorities to support industrial parks [13] Other Important Information - The company completed a $500 million senior unsecured notes offering, enhancing liquidity and extending maturity profiles [17] - The company sold an 80,604 sq ft building in Ciudad Juárez for $5.5 million, aligning with its strategy to recycle assets [14] Q&A Session Summary Question: Are you comfortable accelerating Route 2030 projects in the first half of 2026? - Management highlighted positive demand signals across most markets, particularly in Mexico City and Guadalajara, and will analyze market trends before resuming new operations [20][22] Question: Are the positive demand signals coming from existing tenants or new tenants? - Demand is coming from both existing and new tenants, with interest from various industries including electronics and aerospace [25] Question: Can you provide an update on leasing activity in October? - Management confirmed leasing activity has picked up, with successful leases in Ciudad Juárez and Tijuana [30] Question: How sustainable is the improvement in EBITDA margins? - Management expects EBITDA margins to remain strong, projecting them to stay in the 83%-85% range as the company continues to grow [40] Question: What indicators are used to decide on new developments? - The company relies on internal data and market trends, focusing on occupancy trends and demand from existing tenants [62] Question: What is the trend in real estate taxes and insurance costs? - Management noted that insurance costs are secured for the next couple of years, and real estate taxes have not seen major adjustments [88]