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2020年港股ADT高增受益新经济和中概股企业上市
2020年港股ADT高增受益新经济和中概股企业上市
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图片大小:195KB
图片尺寸:1735*1039
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所属报告:
香港交易所-港股公司深度报告:估值滞涨于成交量IPO回暖利好中长期ADT提升-250320(18页).pdf
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图18、港股财报年结日统计(以2024年年报为例)
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2026-05-28
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图1、2025年南向资金通过港股通净流入规模创历史新高
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市场规模
2026-05-28
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图43、2026年年内潜在解禁规模较大的港股通标的
| 序号 | 证券代码 | 证券简称   | 解禁日期   | 所属Wind二级行业   | 解禁数量(万股) | 估算解禁数量占总股本比例(%) | 解禁市值(亿港元) | 变动前(万股)       | 变动前(万股) | 变动前(万股) | 盈亏比例 |
| ---- | -------- | ---------- | ---------- | ------------------ | -------------- | -------------------------- | ---------------- | ------------------- | ------------ | ------------ | -------- |
| 1    | 01384.HK | 滴普科技   | 2026-10-28 | 软件服务           | 30,000         | 91.8                       | 207.9            | 总股本              | 流通股       | 占比(%)      | 160%     |
| 2    | 06600.HK | 卧安机器人 | 2026-12-30 | 软件服务           | 20,000         | 88.7                       | 216.6            | 22,536              | 1,587        | 7.0          | 47%      |
| 3    | 02637.HK | 海西新药   | 2026-10-20 | 医药生物           | 6,721          | 85.4                       | 159.0            | 7,871               | 1,150        | 14.6         | 174%     |
| 4    | 02259.HK | 紫金黄金国际 | 2026-09-30 | 有色金属           | 227,500        | 85.0                       | 3,758.3          | 267,634             | 40,134       | 15.0         | 131%     |
| 5    | 00999.HK | 小菜园     | 2026-06-21 | 消费者服务         | 100,000        | 85.0                       | 68.9             | 117,652             | 17,652       | 15.0         | -19%     |
| 6    | 02591.HK | 银诺医药-B | 2026-08-15 | 医疗设备与服务     | 38,373         | 84.0                       | 55.5             | 45,682              | 3,236        | 7.1          | -23%     |
| 7    | 02687.HK | 卓越睿新   | 2026-12-08 | 软件服务           | 5,529          | 82.9                       | 73.2             | 6,667               | 667          | 10.0         | 96%      |
| 8    | 02583.HK | 西普尼     | 2026-09-30 | 家电Ⅱ              | 4,823          | 82.0                       | 43.0             | 5,883               | 1,060        | 18.0         | 202%     |
| 9    | 02580.HK | 奥克斯电气 | 2026-09-02 | 家电Ⅱ              | 130,092        | 81.9                       | 128.9            | 158,824             | 28,731       | 18.1         | -43%     |
| 10   | 06651.HK | 五一视界   | 2026-12-30 | 软件服务           | 33,810         | 81.7                       | 170.4            | 41,400              | 5,683        | 13.7         | 65%      |
| 11   | 02656.HK | 健康160    | 2026-09-17 | 医疗设备与服务     | 26,717         | 79.4                       | 54.1             | 33,645              | 6,928        | 20.6         | 70%      |
| 12   | 03696.HK | 英矽智能   | 2026-06-30 | 医药生物           | 43,623         | 76.2                       | 259.6            | 57,240              | 13,618       | 23.8         | 147%     |
| 13   | 02665.HK | 图达通     | 2026-06-10 | 汽车与零配件       | 98,787         | 76.0                       | 71.1             | 129,951             | 11,448       | 8.8          | -28%     |
| 14   | 03317.HK | 迅策       | 2026-12-30 | 软件服务           | 24,448         | 75.8                       | 692.4            | 32,269              | 1,628        | 5.0          | 490%     |
| 15   | 07618.HK | 京东工业   | 2026-12-11 | 可选消费零售       | 203,485        | 74.9                       | 330.7            | 271,505             | 16,428       | 6.1          | 15%      |
| 16   | 02788.HK | 创新实业   | 2026-11-24 | 有色金属           | 150,000        | 72.3                       | 336.0            | 207,500             | 32,670       | 15.7         | 104%     |
| 17   | 02643.HK | 曹操出行   | 2026-10-01 | 软件服务           | 41,935         | 71.9                       | 93.4             | 58,284              | 16,350       | 28.1         | -47%     |
| 18   | 02617.HK | 药捷安康-B | 2026-06-23 | 医药生物           | 28,639         | 70.9                       | 142.4            | 40,408              | 2,247        | 5.6          | 278%     |
| 19   | 02655.HK | 果下科技   | 2026-12-16 | 软件服务           | 34,992         | 67.6                       | 106.9            | 51,771              | 4,108        | 7.9          | 52%      |
| 20   | 02627.HK | 中慧生物-B | 2026-08-11 | 医药生物           | 26,292         | 66.8                       | 77.1             | 39,344              | 3,344        | 8.5          | 127%     |
| 21   | 02661.HK | 轻松健康   | 2026-07-01 | 非银金融           | 13,729         | 66.5                       | 40.3             | 20,637              | 2,174        | 10.5         | 29%      |
| 22   | 02565.HK | 派格生物医药-B | 2026-05-27 | 医药生物           | 25,988         | 66.5                       | 50.7             | 39,109              | 1,484        | 3.8          | 25%      |
| 23   | 01828.HK | 富卫集团   | 2026-07-07 | 非银金融           | 84,457         | 66.0                       | 258.3            | 127,962             | 43,506       | 34.0         | -20%     |
| 24   | 06603.HK | IFBH      | 2026-06-30 | 食品饮料           | 17,469         | 65.5                       | 17.5             | 26,667              | 9,198        | 34.5         | -64%     |
| 25   | 02595.HK | 劲方医药-B | 2026-09-19 | 医药生物           | 23,540         | 63.6                       | 86.9             | 37,037              | 10,263       | 27.7         | 81%      |
| 26   | 02652.HK | 长风药业   | 2026-10-08 | 医药生物           | 26,103         | 63.4                       | 54.5             | 41,198              | 4,120        | 10.0         | 42%      |
| 27   | 02590.HK | 极智嘉-W   | 2026-07-09 | 软件服务           | 84,607         | 63.3                       | 153.8            | 133,729             | 17,808       | 13.3         | 8%       |
| 28   | 02609.HK | 佰泽医疗   | 2026-06-24 | 医疗设备与服务     | 83,123         | 63.0                       | 42.8             | 131,847             | 48,724       | 37.0         | 22%      |
| 29   | 03858.HK | 佳鑫国际资源 | 2026-08-28 | 有色金属           | 28,000         | 61.4                       | 249.1            | 45,570              | 17,570       | 38.6         | 715%     |
| 30   | 09887.HK | 维立志博-B | 2026-07-25 | 医药生物           | 11,089         | 55.8                       | 77.0             | 19,889              | 4,239        | 21.3         | 98%      |
| 31   | 09678.HK | 云知声     | 2026-06-30 | 软件服务           | 4,029          | 55.2                       | 121.8            | 7,298               | 312          | 4.3          | 47%      |
| 32   | 06168.HK | 周六福     | 2026-06-26 | 可选消费零售       | 21,179         | 48.1                       | 40.6             | 44,062              | 6,190        | 14.0         | -20%     |
| 33   | 02676.HK | 纳芯微     | 2026-06-08 | 半导体             | 939            | 46.7                       | 17.7             | 2,010               | 1,071        | 53.3         | 63%      |
| 34   | 02579.HK | 中伟新材   | 2026-05-17 | 化工               | 4,860          | 46.6                       | 19.2             | 10,423              | 5,563        | 53.4         | 16%      |
| 35   | 01989.HK | 广合科技   | 2026-09-20 | 硬件设备           | 2,067          | 44.9                       | 41.2             | 4,600               | 2,533        | 55.1         | 177%     |
| 36   | 02714.HK | 牧原股份   | 2026-08-06 | 食品饮料           | 13,697         | 44.2                       | 53.9             | 31,022              | 17,325       | 55.8         | 1%       |
| 37   | 02506.HK | 讯飞医疗科技 | 2026-12-30 | 软件服务           | 5,276          | 43.6                       | 42.1             | 12,088              | 2,454        | 20.3         | -4%      |
| 38   | 03200.HK | 大族数控   | 2026-08-06 | 硬件设备           | 2,522          | 43.5                       | 46.7             | 5,802               | 3,280        | 56.5         | 93%      |
| 39   | 06809.HK | 澜起科技   | 2026-08-09 | 半导体             | 3,283          | 43.3                       | 164.5            | 7,577               | 4,295        | 56.7         | 369%     |
| 40   | 00470.HK | 先导智能   | 2026-08-11 | 机械               | 4,681          | 43.3                       | 25.4             | 10,806              | 6,125        | 56.7         | 19%      |
| 41   | 03986.HK | 兆易创新   | 2026-07-13 | 半导体             | 1,439          | 43.3                       | 78.9             | 3,325               | 1,886        | 56.7         | 238%     |
| 42   | 02589.HK | 泸上阿姨   | 2026-11-08 | 消费者服务         | 4,553          | 43.3                       | 72.0             | 10,520              | 277          | 2.6          | 40%      |
| 43   | 02685.HK | 量化派     | 2026-07-27 | 软件服务           | 21,493         | 41.7                       | 35.6             | 51,510              | 7,414        | 14.4         | 69%      |
| 44   | 00501.HK | 豪威集团   | 2026-07-12 | 半导体             | 2,074          | 40.9                       | 19.7             | 5,074               | 3,000        | 59.1         | -10%     |
| 45   | 02889.HK | 博泰车联   | 2026-10-01 | 硬件设备           | 6,056          | 39.0                       | 103.0            | 15,519              | 1,147        | 7.4          | 66%      |
| 46   | 00917.HK | 趣致集团   | 2026-10-23 | 传媒               | 10,316         | 38.8                       | 15.4             | 26,571              | 16,254       | 61.2         | -40%     |
| 47   | 06687.HK | 聚水潭     | 2026-10-21 | 软件服务           | 16,775         | 38.5                       | 24.5             | 43,626              | 26,852       | 61.5         | -52%     |
| 48   | 02659.HK | 宝济药业-B | 2026-12-10 | 医药生物           | 11,642         | 35.7                       | 30.8             | 32,598              | 3,031        | 9.3          | 0%       |
| 49   | 09980.HK | 东鹏饮料   | 2026-08-03 | 食品饮料           | 2,012          | 34.6                       | 34.1             | 5,818               | 3,806        | 65.4         | -32%     |
| 50   | 02587.HK | 健康之路   | 2026-07-01 | 医疗设备与服务     | 29,592         | 33.7                       | 11.6             | 87,770              | 58,179       | 66.3         | -50%     |
| 51   | 09973.HK | 奇瑞汽车   | 2026-09-25 | 汽车与零配件       | 138,695        | 23.9                       | 412.5            | 580,860             | 35,485       | 6.1          | -3%      |
| 52   | 02661.HK | 轻松健康   | 2026-12-24 | 非银金融           | 4,735          | 22.9                       | 13.9             | 20,637              | 2,174        | 10.5         | 29%      |

数据来源：Wind，兴业证券经济与金融研究院整理
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图22、本轮人民币升值周期内,港股显著跑输,尤其是2025年11月中下旬后,人
fCDmjIfmlbAv5oyH5qCHICAgICAgIHwg5pWw5YC8ICAgfAp8LS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLXwKfCDliJvkuJrmnb/mjIcgICAgICAgfCAyMTEuNCAgfAp8IFVTRENOSCjlj7Ms6YCG5bqPKXwgOTIuNCAgIHwKfCDkuK3or4ExMDAwICAgICAgIHwgMTUzLjYgIHwKfCDmsqrmt7EzMDAgICAgICAgIHwgMTMxLjggIHwKfCDmgZLnlJ/mjIfmlbAgICAgICAgfCAxMjguMSAgfAp8IOaBkueUn+WbveS8gSAgICAgICB8IDExNS4zICB8Cnwg5oGS55Sf56eR5oqAICAgICAgIHwgMTA1LjQgIHwKCui1hOaWmeadpea6kO+8mldpbmTvvIzlhbTkuJror4HliLjnu4/mtY7kuI7ph5Hono3noJTnqbbpmaLmlbTnkIY=
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2026-05-19
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