华谊兄弟公告，预计2025年归属于上市公司股东的净亏损为2.89亿元-4.07亿元，2025年度期末净资产 为-9400万元至6300万元（未经审计）。若公司2025年度经审计的期末净资产为负值，根据相关规定， 公司股票将可能在2025年年度报告披露后被实施退市风险警示。 （文章来源：第一财经） ...

Group 1 - The company expects a net profit attributable to shareholders of 175 million to 230 million yuan for 2025, representing a year-on-year growth of 151.40% to 230.42% [1] - The production and sales of high-power power supplies have increased compared to the previous year, leading to improved profit conditions [1] - The equity attributable to shareholders of the listed company has correspondingly increased [1]

Group 1 - Yuehongyuan A announced the transfer of 45% equity in Hongxi Mining for 22.37 million yuan, aiming to optimize its business and promote transformation, expecting a positive impact on financial results with an estimated gain of over 22 million yuan [2] - Wanhua Chemical plans to increase capital by 19.086 billion yuan to its wholly-owned subsidiary Wanhua Olefins, consolidating its carbon two industry operations to enhance competitiveness [3] - Huayou Cobalt signed a cooperation framework agreement to build an integrated battery industry chain project in Indonesia, aiming to establish the country as a production base for electric vehicle batteries [4] Group 2 - Gansu Energy reported that the first batch of wind turbines for its 1 million kW green electricity aggregation pilot project has been connected to the grid, contributing to over 10% of the company's expected installed capacity by the end of 2025 [5] - Lingyi Zhizao completed the acquisition of 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of voting rights, making Liminda a subsidiary [6] - Tianqi Lithium's third-phase expansion project for chemical-grade lithium concentrate produced its first batch of qualified products, enhancing raw material supply for its lithium chemical production bases [7] Group 3 - Ecovacs expects a net profit of 1.7 billion to 1.8 billion yuan for 2025, a year-on-year increase of 110.90% to 123.30% due to product upgrades and cost optimization [9] - Cambrian anticipates a turnaround with a net profit of 1.85 billion to 2.15 billion yuan for 2025, a significant increase in revenue driven by operational improvements [10] - China Southern Airlines expects a net profit of 800 million to 1 billion yuan for 2025, recovering from a loss of 1.696 billion yuan in the previous year [11] Group 4 - Shandong Gold forecasts a net profit of 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% due to improved production efficiency and rising gold prices [16] - Perfect World expects a net profit of 720 million to 760 million yuan for 2025, recovering from a loss of 1.288 billion yuan, driven by successful game launches and cost reductions [17] - CICC anticipates a net profit of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% due to strong performance in investment banking and wealth management [18] Group 5 - *ST Songfa expects a net profit of 2.4 billion to 2.7 billion yuan for 2025, recovering from a loss of 76.64 million yuan, attributed to a major asset restructuring [19] - New Hope predicts a net loss of 1.5 billion to 1.8 billion yuan for 2025, down from a profit of 473.6 million yuan, impacted by fluctuations in the pig market [20] - 360 expects a net profit of 213 million to 318 million yuan for 2025, turning around from a loss, driven by increased investment income from equity method accounting [21]

Group 1 - The net inflow of southbound funds today amounted to 3.22 billion HKD [1] - The top three companies with net inflows were CSPC Pharmaceutical Group, Xiaomi Group-W, and the Tracker Fund of Hong Kong, with net purchases of 935 million HKD, 914 million HKD, and 590 million HKD respectively [1] - The companies with the highest net outflows included Zijin Mining, China Mobile, and CNOOC, with net sales of 635 million HKD, 541 million HKD, and 526 million HKD respectively [1]

天齐锂业公告，经过初步调试，泰利森第三期化学级锂精矿扩产项目于2026年1月30日生产出首批符合 标准的化学级锂精矿产品。后续，项目将加紧进行产能爬坡，争取按计划完成项目达产后续工作。同 时，公司将持续调试和优化该项目，以实现产品的连续稳定生产。该项目的完成为公司国内外各锂化工 产品生产基地提供持续且充足的原料保障，有助于实现公司产能与资源的高效匹配，增强产业链上下游 的协同效应，有望进一步提高公司的盈利能力。 ...

Group 1 - Jiangfeng Electronics (300666.SZ) plans to acquire control of Kaide Quartz (920179.BJ) through a cash transaction, marking the first instance of "A shares acquiring A shares" in 2026 [1] - Following the acquisition, Kaide Quartz will become a subsidiary of Jiangfeng Electronics, potentially enhancing its precision components business [1] - Prior to the suspension of trading, Jiangfeng Electronics' stock price was 113.48 CNY per share, with a market capitalization of 30.1 billion CNY, while Kaide Quartz's stock price was 50.89 CNY per share, with a market capitalization of 3.8 billion CNY [1]

胜利精密公告，预计2025年度归属于上市公司股东的净亏损为3.65亿元-7.3亿元，上年同期为亏损7.38 亿元。公司整体营业收入较2024年略有上涨，其中汽车零部件业务营业收入同比增长较大，消费电子业 务营业收入基本持平但因其占公司整体业务的比重较大，公司的经营利润偏低。未来随着消费电子业务 的企稳改善和汽车零部件业务的持续增长，公司盈利能力有望得到改善。 ...

新版国家标准将于2026年3月1日正式实施。 1月30日，上海期货交易所（下称上期所）发布公告，就铅期货合约规则修订事项公开征求市场意见。 本次修订的内容为引入符合国家标准的再生铅锭作为可替代交割品，标志着期货市场服务有色金属行业 绿色低碳发展的能力进一步提升。 铅期货自上市以来，整体运行平稳，市场功能有效发挥，期现价格联动紧密，已成为国内现货贸易定价 的重要依据，并被产业链企业广泛应用于风险管理和贸易活动。近年来，再生铅已逐渐成为全球铅市场 重要组成部分，为顺应产业结构发展、响应产业呼吁，在中国有色金属工业协会和相关行业企业支持 下，上期所积极配合全国有色金属标准化技术委员会修订再生铅锭国家标准，新版国家标准将于2026年 3月1日正式实施。 当前有色金属行业正处于绿色低碳转型的关键时期，铅作为有色金属中再生产品占比最高的品种，行业 已基本形成"生产-消费-回收-再生"的闭环模式，实现了铅资源的高效循环利用。近年来，再生铅生产企 业和下游铅蓄电池企业积极利用上期所铅期货套期保值，并辅助自身开展原料采购、基差贸易。将再生 铅纳入期货替代交割，将有助于提升再生铅行业的风险管理能力，更好服务产业绿色低碳发展。 本 ...

Core Viewpoint - Guangzhou has successfully revitalized its real estate assets through various financial instruments such as CMBS, quasi-REITs, and public REITs, covering multiple asset types including office buildings, commercial properties, industrial parks, and highways [1][2]. Group 1: Asset Management Development - The real estate investment and financing exchange conference in Guangzhou focused on strategic development for the city's real estate asset management industry, aiming to revitalize existing assets and support new investments [1]. - Guangzhou has established an ecosystem for real estate asset management supported by policies, asset foundations, and service platforms, enhancing its attractiveness [1][2]. - The Guangzhou Urban Investment Group is committed to creating the country's first "private equity fund share transfer trading platform" for real estate [1]. Group 2: Establishment of Professional Committees - The Guangdong Fund Industry Association announced the establishment of a special committee for private equity real estate funds, led by Guangzhou Urban Development Investment Fund Management Co., with representatives from 22 leading domestic and international real estate investment institutions [2]. - The establishment of this committee is expected to provide robust support for the healthy development of Guangzhou's real estate asset management ecosystem and offer comprehensive professional services for asset revitalization [2]. Group 3: Asset Securities and Financial Tools - Guangzhou Urban Investment Group has developed a "multi-level, convertible" asset securitization system and plans to issue real estate asset revitalization products on three major exchanges this year [2]. - The city has implemented measures to promote the development of real estate asset management, including the establishment of a private equity fund share transfer trading platform and an asset management service platform [3]. - Guangzhou currently has over 26 state-owned enterprises covering 13 types of infrastructure assets, with more than 40 trillion yuan in existing infrastructure assets and over 600 billion yuan in securitized capital reserves [3].

香港证监会今天发出通函，表示高度关注在2025年新上市申请激增期间出现的问题，包括部分上市文件 的拟备工作存在严重缺失，保荐人或有失当行为，以及其资源管理严重失误。就现有上市申请而言，香 港证监会于该通函中警告，若保荐人对监管机构的答复存在严重缺漏或未能令人信纳，或该会认为上市 文件不合理地冗长，项目审理流程或会暂停。截至2025年12月31日，有16宗上市申请的审理流程已暂 停。就此，证监会将通知其监管同业有关审理流程暂停一事。 （文章来源：第一财经） ...