Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82

Deprecated: strpos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /www/wwwroot/4-17ll.com/label.php on line 82
昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!
随机图片

昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!

更新时间: 浏览次数: 901

400电话:123456(点击咨询)
昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!各观看免费《今日汇总》
昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!各热线观看免费2025已更新(2025已更新)








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!各区点热线观看免费《今日发布》
Random Image 昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!电话








7天观看免费人工电话为您、昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!各观看免费《今日汇总》2025已更新(今日/推荐)








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!电话区域:








新乡市(卫滨区、原阳县、长垣市、牧野区、辉县市、新乡县、卫辉市、凤泉区、封丘县、红旗区、延津县、获嘉县)








临沧市(临翔区、永德县、沧源佤族自治县、耿马傣族佤族自治县、镇康县、云县、凤庆县、双江拉祜族佤族布朗族傣族自治县)








兰州市(安宁区、七里河区、皋兰县、榆中县、西固区、永登县、城关区、红古区)








固原市(原州区、西吉县、隆德县、泾源县、彭阳县)  文山壮族苗族自治州(马关县、西畴县、麻栗坡县、文山市、砚山县、广南县、富宁县、丘北县)








丹东市(元宝区、振兴区、振安区、凤城市、宽甸满族自治县、东港市)








铁岭市(西丰县、调兵山市、铁岭县、清河区、开原市、昌图县、银州区)








昌都市(贡觉县、察雅县、八宿县、左贡县、卡若区、江达县、丁青县、芒康县、类乌齐县、边坝县、洛隆县)锦州市(凌河区、凌海市、义县、黑山县、北镇市、太和区、古塔区)








天水市(秦安县、麦积区、武山县、张家川回族自治县、甘谷县、清水县、秦州区)  西安市(长安区、碑林区、高陵区、莲湖区、灞桥区、新城区、未央区、阎良区、周至县、蓝田县、鄠邑区、雁塔区、临潼区)








泰州市(靖江市、姜堰区、兴化市、海陵区、泰兴市、高港区)








林芝市(墨脱县、察隅县、波密县、工布江达县、巴宜区、米林市、朗县)








临汾市(乡宁县、安泽县、洪洞县、浮山县、古县、汾西县、吉县、大宁县、永和县、襄汾县、曲沃县、霍州市、蒲县、侯马市、翼城县、尧都区、隰县)








承德市(丰宁满族自治县、宽城满族自治县、双滦区、双桥区、围场满族蒙古族自治县、承德县、兴隆县、鹰手营子矿区、平泉市、滦平县、隆化县)








汕尾市(城区、陆河县、陆丰市、海丰县)








湛江市(霞山区、徐闻县、遂溪县、麻章区、雷州市、坡头区、吴川市、赤坎区、廉江市)








铜陵市(铜官区、郊区、义安区、枞阳县)








鹤岗市(向阳区、南山区、兴安区、工农区、绥滨县、东山区、萝北县、兴山区)








无锡市(江阴市、惠山区、锡山区、滨湖区、梁溪区、新吴区、宜兴市)








宁波市(余姚市、海曙区、宁海县、江北区、北仑区、慈溪市、鄞州区、象山县、镇海区、奉化区)








沈阳市(法库县、沈河区、浑南区、于洪区、皇姑区、铁西区、辽中区、苏家屯区、和平区、沈北新区、康平县、大东区、新民市)








泉州市(晋江市、丰泽区、德化县、泉港区、永春县、安溪县、金门县、鲤城区、南安市、洛江区、石狮市、惠安县)








阿里地区(噶尔县、日土县、革吉县、普兰县、措勤县、札达县、改则县)








怀化市(溆浦县、麻阳苗族自治县、会同县、辰溪县、鹤城区、通道侗族自治县、靖州苗族侗族自治县、洪江市、芷江侗族自治县、新晃侗族自治县、中方县、沅陵县)








临夏回族自治州(东乡族自治县、临夏县、和政县、广河县、康乐县、永靖县、积石山保安族东乡族撒拉族自治县、临夏市)








舟山市(岱山县、嵊泗县、定海区、普陀区)








伊春市(大箐山县、金林区、南岔县、丰林县、友好区、铁力市、嘉荫县、伊美区、乌翠区、汤旺县)








乐山市(沐川县、市中区、峨边彝族自治县、峨眉山市、五通桥区、沙湾区、金口河区、马边彝族自治县、夹江县、犍为县、井研县)








鸡西市(鸡冠区、虎林市、城子河区、滴道区、恒山区、梨树区、鸡东县、密山市、麻山区)
400电话:123456(点击咨询)
昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!各观看免费《今日汇总》《今日发布》
昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!各观看免费《今日汇总》(2025已更新)








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!观看免费电话:(1)123456(点击咨询)(2)123456(点击咨询)








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!观看免费热线(1)123456(点击咨询)(2)123456(点击咨询)




昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!各观看免费《今日汇总》【2025已更新列表】
昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!电话








7天观看免费人工电话为您、昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!团队在调度中心的统筹调配下,线下专业及各地区人员团队等专属,整个报修流程规范有序,后期同步跟踪查询公开透明。








所有团队均经过专业培训、持证上岗,所用产品配件均为原厂直供,








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!中心2025已更新(今日/推荐)








昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!电话区域:








武威市(天祝藏族自治县、民勤县、古浪县、凉州区)








龙岩市(武平县、永定区、上杭县、漳平市、长汀县、新罗区、连城县)








吴忠市(青铜峡市、红寺堡区、盐池县、同心县、利通区)








茂名市(化州市、电白区、茂南区、高州市、信宜市)  海南藏族自治州(共和县、贵德县、贵南县、同德县、兴海县)








湖州市(吴兴区、南浔区、安吉县、长兴县、德清县)








焦作市(博爱县、沁阳市、孟州市、马村区、修武县、温县、解放区、山阳区、中站区、武陟县)








淮南市(潘集区、寿县、谢家集区、八公山区、大通区、田家庵区、凤台县)三门峡市(灵宝市、卢氏县、湖滨区、陕州区、渑池县、义马市)








巴彦淖尔市(杭锦后旗、临河区、乌拉特前旗、磴口县、乌拉特后旗、五原县、乌拉特中旗)  阜新市(海州区、细河区、彰武县、阜新蒙古族自治县、太平区、清河门区、新邱区)








崇左市(天等县、大新县、宁明县、龙州县、江州区、扶绥县、凭祥市)








七台河市(茄子河区、新兴区、勃利县、桃山区)








荆门市(钟祥市、东宝区、京山市、掇刀区、沙洋县)贵阳市(乌当区、云岩区、修文县、清镇市、开阳县、白云区、观山湖区、息烽县、花溪区、南明区)








柳州市(鹿寨县、三江侗族自治县、鱼峰区、融安县、柳南区、城中区、柳城县、融水苗族自治县、柳江区、柳北区)








黔西南布依族苗族自治州(兴仁市、兴义市、贞丰县、普安县、册亨县、安龙县、望谟县、晴隆县)








益阳市(安化县、桃江县、赫山区、南县、沅江市、资阳区)








西双版纳傣族自治州(勐海县、勐腊县、景洪市)








达州市(达川区、宣汉县、通川区、开江县、渠县、大竹县、万源市)








三亚市(崖州区、吉阳区、天涯区、海棠区)








西宁市(城中区、城东区、湟中区、城北区、城西区、大通回族土族自治县、湟源县)








萍乡市(上栗县、湘东区、安源区、莲花县、芦溪县)








青岛市(即墨区、城阳区、市北区、崂山区、李沧区、平度市、莱西市、胶州市、黄岛区、市南区)








芜湖市(繁昌区、弋江区、鸠江区、无为市、南陵县、湾沚区、镜湖区)








定西市(渭源县、陇西县、漳县、临洮县、通渭县、岷县、安定区)








南京市(高淳区、六合区、建邺区、栖霞区、玄武区、秦淮区、雨花台区、鼓楼区、溧水区、浦口区、江宁区)








昌吉回族自治州(吉木萨尔县、玛纳斯县、昌吉市、阜康市、奇台县、呼图壁县、木垒哈萨克自治县)








安康市(白河县、平利县、旬阳市、汉滨区、镇坪县、岚皋县、石泉县、紫阳县、汉阴县、宁陕县)








吉林市(昌邑区、磐石市、蛟河市、船营区、桦甸市、龙潭区、永吉县、丰满区、舒兰市)








廊坊市(广阳区、文安县、霸州市、安次区、永清县、大城县、三河市、大厂回族自治县、香河县、固安县)

随着4月24日又一家A股公司——和辉光电递表港交所,2025年以来已有17家A股公司正式递表,开启赴港上市之旅。

证券时报记者通过梳理这些赴港上市的A股公司招股书以及各家公司情况,发现它们目前呈现出三大特征:行业集中度高,消费与科技企业主导;“国际大行+国内大行”成标配;国际化需求迫在眉睫。

行业集中度高:消费与科技企业主导

2024年以来,随着内地和香港两地监管部门不断推出利好“A+H”新政策,尤其是在2024年4月,中国证监会发布五项资本市场对港合作措施,其中一项便是“支持内地行业龙头企业赴香港上市”。当年10月,香港证监会和港交所发布联合声明,其中一条即是针对A股公司赴港上市——针对符合资格的A股公司推出快速审批时间表。

在这一背景下,A股公司赴港上市的热情被彻底点燃,2025年更是迎来“井喷”。Wind数据显示,2022年至2024年,赴港上市的A股公司分别仅有4家、1家和3家,但在2025年,已正式递表港交所的A股公司就已达到17家,同时还有超过10家A股公司已宣布正在筹划赴港上市。

而从2025年已递表的17家公司来看,一个明显的特征是,消费品公司以及科技企业是主导。如海天味业、东鹏饮料、安井食品都是国内知名的消费品公司,而宁德时代、蓝思科技、三花智控、江波龙则主要是科技类公司,涉及新能源、手机、芯片等众多新兴产业。

且这17家公司大部分都是A股中的“大块头”,总市值低于200亿元的仅有2家,总市值超过千亿元的则达到6家,绝大部分公司都是行业中的领头羊。

除宁德时代、恒瑞医药、海天味业、东鹏饮料这些知名公司之外,不少个股在其行业中都有着极为重要的地位。

比如4月22日刚刚递表的中伟股份,其自主研发的新能源材料进入中国、欧美、日韩地区多家世界500强企业高端供应链,被广泛应用于3C、动力及储能领域。核心产品三元前驱体、四氧化三钴连续多年出货量稳居全球首位,磷酸铁材料跻身行业第一阵营。

“国际大行+国内大行”成标配

在这些A股龙头公司不断赴港上市之际,他们最新的招股说明书中也有一定特点,尤其是在选择投行时,更是兼具“国际大行+国内大行”的特点。

Wind数据显示,2025年递表港交所的A股公司中,在选择保荐机构时,绝大部分公司都是境内、境外机构都有选择。比如恒瑞医药既有选择内资背景的华泰国际,同时也有选择外资背景的摩根士丹利和花旗。

对此,分析人士指出,内资券商(如中金、中信证券等)对境内企业的业务模式、财务结构及政策环境更为熟悉,能够高效对接企业需求,快速完成合规性调整。例如,中资券商在保荐过程中更擅长处理涉及A股市场的历史遗留问题或行业监管要求。

而外资投行(如高盛、摩根士丹利等)拥有广泛的国际投资者网络,尤其在欧美、中东等地区的机构投资者中具备影响力。例如,中东主权基金阿布扎比投资局(ADIA)参与港股IPO时,多由外资券商牵头对接。这种组合能显著扩大企业的投资者覆盖范围,提升发行成功率。

A股赴港上市时的这种选择不失为明智之举。此前一位香港资本市场人士就告诉证券时报记者:“港股上市难度相对A股会小一些,但港股作为更市场化的市场,其发行成功需要获得更多外资机构资金的认可,而这方面外资投行更有优势。”

此外,一个值得注意的信息是,有不少A股公司赴港上市时,选择的内资背景券商都是其在A股上市时保荐机构的子公司。

国际化需求迫在眉睫

在这一批17家公司中,证券时报记者注意到,根据Wind数据统计,不少公司在境外收入方面的占比都已极高,如百利天恒甚至占到90%以上。因此,赴港上市或许是其业务不断国际化下的一个迫切需求。

而其他一些公司,如宁德时代虽然境外收入占比仅有30.48%,但绝对值已超过1100亿元;蓝思科技、均胜电子的境外收入也都超过400亿元;同时还有三花智控、江波龙、中伟股份三家公司在境外收入也都超过百亿元。

因此,上述公司选择赴港上市也并不令市场感到意外。不少公司也都在宣布赴港上市时提到了国际化的需求。

汇生国际资本总裁黄立冲表示,对于那些业务国际化的企业,港股市场提供了一个更加适合其发展的平台,因为这些企业的商业模式和增长潜力往往更受国际投资者青睐。“当下出海寻找蓝海市场成为一种趋势。海外融资不仅为企业的国际扩张提供了资金,而且在监管层面,对于企业的国际化战略通常有更为宽松的态度。因此,尽管H股上市可能存在一定的折扣,但香港市场机构投资者居多,会更多基于公司的基本面进行长期投资,可能使得香港市场的估值更加稳定和理性。”此外,相比A股,H股上市公司可以更便利地进行跨境资金的筹集和运用,这对于寻求国际化发展的公司来说是一个显著的优势。

对于为何赴港上市,蓝思科技此前就表示,公司董事会经过深思熟虑,做出在香港发行H股的重要战略决策,主要是为了扩大全球业务布局(越南、泰国、墨西哥等地),增强全球交付能力,更好地服务客户,进一步巩固公司的全球领先地位。募集资金主要用于折叠屏、智能汽车外观结构件的开发、智能机器人的产能配套及研究开发、AI眼镜/XR头显等智能穿戴设备的产能建设,以及提升垂直整合智造能力及其他一般营运资金。

而对于一些目前境外收入较少的公司而言,赴港上市或许正是其启动海外市场布局的开始。

比如对于东鹏饮料赴港上市,东吴证券分析认为,港股上市着眼于国际化战略,持续巩固龙头地位。公司登陆香港资本市场,有助于连接国际投资者、建立跨国品牌认知,为东南亚等海外市场扩张铺路,进一步提升综合竞争力。海外业务进展方面,目前公司已在印度尼西亚和越南设立子公司,预计2026—2027年产能将逐步释放,看好本土化运营能力打磨打开中长期海外业务增长空间。

责编:李丹

新闻结尾 昨晚三个人一起做,最新娱乐资讯,精彩剧情解析,不容错过!的相关文章
外交部回应美国对中国船只征收港口停靠费,只会推高全球的海运成本,无法振兴美国的造船业,如何看待此事?
怎么看待美国提出乌领土分割方案,俄美欧三方管控?
德国人买了中国制造后开始疯狂安利
如果建文帝不自焚、不逃走,就在皇宫里坐着,朱棣敢杀他吗?
家里有一个阿尔茨海默症的老人,是一种怎样的体验?
男子涉嫌强奸女技师案双方发声
  • 友情链接:
  • 鲍威尔放「鹰」,表示不救市,不降息,特朗普称「他被解雇的速度再快都不为过」,哪些信息值得关注? 王楚钦谈决胜局对手先拿到赛点 新风空调宣传的换气、净化、制冷三合一,是刚需吗?比起空调搭配空气净化器,其一体化设计优势在哪? 全美没有一家工厂能生产娃娃头发 《三角洲行动》陪练经济爆发,花钱找陪练是否会破坏游戏的公平竞技?

    查看更多评价 ∨