Market Overview - On the last trading day of the Year of the Snake, all three major A-share indices fell, with the Shanghai Composite Index down 1.26%, Shenzhen Component Index down 1.28%, and ChiNext Index down 1.57% [1][2] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets was 1.9989 trillion yuan, a decrease of 161.8 billion yuan from the previous day, with 1,537 stocks rising and 3,824 stocks falling [1][2] Index Performance - The Shanghai Composite Index closed at 4,082.07, the Shenzhen Component Index at 14,100.19, and the ChiNext Index at 1,809.18 [2] - The CSI 300 Index fell by 1.25% to 4,660.41, while the CSI 500 Index decreased by 1.47% to 8,299.58 [2] Sector Performance - Aerospace and military, film and television, and semiconductor equipment sectors saw significant gains, while precious metals and shipping sectors experienced notable declines [1][3] - The semiconductor equipment index rose by 1.65%, with Fuchuang Precision surging by 11% [4][5] - The aerospace and military index increased by 1.3%, with stocks like Andavil and Aviation Power hitting the daily limit [4][8] Annual Performance - The A-share market concluded the Year of the Snake with all major indices showing positive performance, with the Shanghai Composite Index up 25.58%, Shenzhen Component Index up 38.84%, and ChiNext Index leading with a 58.73% increase [11] - The average daily trading volume rose to 1.89 trillion yuan, a nearly 70% increase compared to the previous year, with days exceeding 2 trillion yuan accounting for 35% of trading days [11] - Nearly 4,700 stocks rose over the year, with 779 stocks doubling in price, and over 100 stocks increasing by more than 200% [12]

矿业ETF（561330）跟踪的是有色矿业指数（931892），该指数从市场中选取涉及铜、铝、铅锌、稀有 金属等矿产资源开发业务的相关企业证券作为指数样本，以反映有色金属矿采选行业的整体表现。根据 wind数据，2025年全年，矿业ETF（561330）年内涨幅全市场ETF第三，有色类ETF第一，具备龙头更 集中，【黄金+铜+稀土】占比更高的特点。 2月13日，矿业ETF（561330）回调超3%，工业金属迎共振，回调或可布局。 中银国际指出，工业金属正迎来金融属性与产业趋势的共振。产业趋势方面，铜矿供给端受制于矿山投 资周期、资源约束及地缘因素，中期趋紧态势较为明确。需求端在新旧动能转换中呈现出"总量稳中有 增、结构持续优化"的态势。总体来看，中期供需格局紧平衡的状态下，铜价中枢有望获得较为坚实的 支撑。金融属性方面，弱美元周期开启有望为铜价带来产业趋势外的增强，支撑大宗商品价格。地缘政 治风险频发正持续强化资源品的供给刚性。有色金属的强周期属性有望体现，主要的支撑逻辑来自金融 属性与产业趋势的共振催化。 （文章来源：每日经济新闻） ...

Market Overview - On the last trading day of the Year of the Snake, all three major A-share indices fell, with the Shanghai Composite Index down 1.26%, Shenzhen Component Index down 1.28%, and ChiNext Index down 1.57% [1][2] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets was 19,989 billion yuan, a decrease of 1,618 billion yuan from the previous day, with 1,537 stocks rising and 3,824 stocks falling [1][2] Index Performance - The Shanghai Composite Index closed at 4,082.07, down 51.95 points [2] - The Shenzhen Component Index closed at 14,100.19, down 182.81 points [2] - The ChiNext Index closed at 1,809.18, down 6.97 points [2] - The total A-share market saw a decline of 1.13% in the Wande All A Index, with the ChiNext Index down 1.57% [2] Sector Performance - Aerospace and military industry, film and television, and semiconductor equipment sectors saw the largest gains, while precious metals and shipping sectors experienced significant declines [1][3] - The semiconductor equipment index rose by 1.65%, with stocks like Fuchuang Precision surging by 11% [4] - The aerospace and military index increased by 1.3%, with stocks such as Andavil and Aviation Power hitting the daily limit [5] - The precious metals index fell over 4%, with Zijin Mining dropping nearly 5% [6] Annual Performance Summary - The A-share market concluded the Year of the Snake with all major indices showing positive performance, with the Shanghai Composite Index up 25.58%, Shenzhen Component Index up 38.84%, and ChiNext Index leading with a 58.73% increase [6][7] - Nearly 4,700 stocks rose throughout the year, with 779 stocks doubling in price and over 100 stocks increasing by more than 200% [7] - The average daily trading volume surged to 1.89 trillion yuan, a nearly 70% increase compared to the previous year, with days exceeding 2 trillion yuan accounting for 35% of trading days [6][7]

一家上市以来融资近百亿元的公司华天科技，如今希望通过"发行股份+现金支付+配套融资"的交易结构，将控股 股东旗下资产华羿微电装入上市公司。 对于华天科技此次并购及定增事项，《每日经济新闻》记者发现，即便华天科技账面上有较多现金类资产且支付 的现金对价相对较少，但公司仍拟实施定增融资，公司中小股东或将面临两次权益稀释。而公司上市近19年以 来，净利润总额不及其融资总额。公司账面现金远超定增募资金额，上市后再融资金额超过净利润总额 华天科技于2月11日披露了《天水华天科技股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易 报告书（草案）》（以下简称《草案》）。 本次公告涉及两项重要事件：一是公司拟通过发行股份及支付现金方式，购买公司控股股东华天电子集团、西安 后羿投资、芯天钰铂等27名交易对方合计持有的华羿微电100%股份；二是公司拟向不超过35名特定投资者募集配 套资金。 根据《草案》，公司购买华羿微电共向控股股东在内的25名交易对象发行31578.36万股，发行股份价格为8.35元/ 股（公司2月11日收盘价为13.8元/股），股份对价合计26.37亿元；向14名交易对象（不包括控股股东）共支付3 ...

（文章来源：每日经济新闻） 每经AI快讯，2月13日，蛇年收官A股三大指数集体下挫，截至收盘，上证指数跌1.26%，深成指跌 1.28%，创业板指跌1.57%，北证50指数跌0.22%，沪深京三市成交额19989亿元，较上日缩量1618亿 元。 板块题材上，军工装备、影视院线、造纸、半导体设备、智能座舱板块涨幅居前；光伏设备、小 金属、钢铁、港口航运、油气开采及服务、草甘膦、稀土永磁、化学化工板块跌幅居前。盘面上，光伏 热门股双良节能跌停，公司称间接参与相关商业航天项目，未直接与SpaceX合作。隔夜国际金价、油 价较大下跌，有色金属、石油天然气等资源股午后持续下探，紫金矿业、洛阳钼业、中国海油领跌。港 口航运板块同样表现不佳，中远海能、招商轮船跌幅居前。此外，化工、光纤、钢铁等多个板块下挫。 另一方面，国际局势动荡推动军工板块逆势走高，安达维尔收获20cm涨停。受益于AI浪潮，存储芯 片、半导体设备表现有韧性，深科技午后涨停，北方华创、江波龙等多股上扬。 ...

Group 1 - The U.S. has ordered the deployment of a second aircraft carrier, the USS Gerald R. Ford, to the Middle East, expected to arrive by late April or early May [1] - The USS Abraham Lincoln strike group is already stationed in the Middle East [1] Group 2 - Iranian President Pezeshkian stated that Iran does not seek nuclear weapons and is willing to engage in diplomatic dialogue, but will not yield to excessive demands [3] - U.S. President Trump expressed a desire to reach an agreement with Iran within the next month, warning of severe consequences if no agreement is reached [4][5] - Trump emphasized that any agreement must be fair and beneficial, and indicated that failure to reach an agreement would lead to a more difficult situation for Iran [7] Group 3 - Israeli Prime Minister Netanyahu expressed skepticism about the possibility of reaching an agreement with Iran, stating that any deal must include critical provisions for Israel's security [7] - Netanyahu highlighted that any agreement should ensure Iran does not possess nuclear weapons and must limit its missile capabilities and support for regional proxies [7] Group 4 - Iranian officials denied claims that Iran had sent any letters to the U.S., indicating that no communication had been made [8][10] - Turkish Foreign Minister stated that both the U.S. and Iran are showing flexibility in negotiations regarding the nuclear agreement, with Iran willing to accept restrictions on uranium enrichment [10] Group 5 - Reports indicated that the U.S. secretly supplied approximately 6,000 Starlink terminals to Iran during recent unrest to assist protestors in maintaining communication [11] - This action represents a significant level of covert support for anti-government forces in Iran, despite U.S. denials of involvement in the unrest [11]

Group 1 - Huawei's internal anti-corruption report revealed that former Multimedia Technology Department head Deng was arrested for bribery related to non-state employees [1] - Deng, who joined Huawei in July 2007, held various positions including Senior Engineer and Department Head, and was found to have exploited his position to gain improper benefits from suppliers [1] - Deng was detained on December 9, 2025, and formally arrested on January 15, 2026, by the Longgang District People's Procuratorate [1] Group 2 - Huawei's founder Ren Zhengfei maintains a "zero tolerance" policy towards internal corruption [2] - A March 2025 internal report disclosed a recruitment fraud case involving 72 employees and 19 outsourced workers, resulting in severe penalties for core violators and management [2] - Ren emphasized the need for a systematic approach to anti-corruption, including third-party audits and a whistleblower protection system [2]

Group 1 - The A-share market experienced a collective decline, with the A500 ETF (512050) dropping by 0.88% and trading volume exceeding 10.9 billion yuan, leading its peers [1] - The market sentiment is influenced by risk aversion and profit-taking ahead of the Spring Festival, although the spring market trend is expected to continue with limited risks during the holiday [1] - The A500 ETF (512050) offers investors a convenient way to invest in core A-share assets, benefiting from low fees (0.2%), strong liquidity, and a large scale exceeding 40 billion yuan [1] Group 2 - The A500 ETF tracks the CSI A500 Index, employing a dual strategy of industry-balanced allocation and leading stock selection, covering all 35 sub-industries [1] - The ETF is designed to integrate value and growth attributes, with a natural "barbell" investment characteristic, particularly overweighting sectors like AI, pharmaceuticals, and renewable energy compared to the CSI 300 [1] - Investors are encouraged to consider related products such as the A500 ETF (512050) and the A500 Enhanced ETF (512370) [2]

（文章来源：每日经济新闻） 每经AI快讯，2月13日，中国同辐(01763.HK)盈警后一度跌超7%，截至发稿跌6.54%，报20.3港元，成 交额1147.11万港元。 ...

每经AI快讯，当地时间12日，委内瑞拉首都加拉加斯民众举行大规模游行，抗议美国袭击委内瑞拉。2 月12日是委内瑞拉青年节，当天加拉加斯举行青年大游行，示威者抗议美国袭击委内瑞拉，并要求美国 释放委内瑞拉总统马杜罗及其夫人。（央视新闻） ...