Core Viewpoint - The issuance of convertible bonds by Zhongke Shuguang is a significant step following the new refinancing policy, aimed at supporting high-quality listed companies in innovation and development [1][2]. Group 1: Convertible Bond Issuance - Zhongke Shuguang plans to issue up to 8 billion yuan in convertible bonds, with a six-year term, to fund three core AI computing projects [1][3]. - The bond issuance serves as a demonstration of the new refinancing policy's implementation, highlighting the support for quality companies [2]. Group 2: AI Computing Projects - The advanced computing cluster project aims to enhance system performance and reduce reliance on external technologies, addressing the challenges posed by the evolution of AI large models [3]. - The next-generation AI training and inference integrated machine project is designed to overcome deployment challenges in the industry, providing a fully optimized solution [3]. - The storage system project focuses on achieving domestic production of key technologies, which is crucial for the large-scale development of AI [4]. Group 3: Financial Metrics and Projections - For the first three quarters of 2025, Zhongke Shuguang reported revenues of 8.82 billion yuan and a net profit of 966 million yuan, with a projected net profit of approximately 2.465 billion yuan for 2025, reflecting a growth of 28.99% [7]. - The company’s asset-liability ratio is expected to decrease post-issuance, improving its financial structure [6]. - The company has increased its R&D investment, with R&D expenses reaching 1.292 billion yuan in 2024, accounting for 9.83% of revenue [7]. Group 4: Market Trends and Industry Outlook - The global AI computing demand is surging, with the AI server market projected to grow from 125.1 billion USD in 2024 to 158.7 billion USD in 2025, while China's market is expected to reach 25.9 billion USD, a year-on-year increase of 36.32% [10]. - The industry is anticipated to maintain a positive growth trajectory over the next 5 to 10 years, driven by technological advancements and the expansion of application scenarios [10]. - Zhongke Shuguang's recent deployment of a 30,000-card domestic AI computing pool marks a significant milestone in the large-scale application of domestic AI computing technology [10][11].

沙特阿美全资子公司阿朗新科，正在持续加码中国市场。 孙泓表示，全球宏观环境的结构性调整是整个行业都在努力面对的新问题。不过对阿朗新科来说，中国 在产业升级和新能源等新兴战略产业方面发展迅速。"我们希望作为上游原材料企业，更多地参与到新 能源、智能制造和绿色转型等增长方向的发展中来，为市场提供高性能材料，这对我们而言既是挑战也 是机遇。" 新工厂投产之后，阿朗新科在中国的投资总额已接近10亿美元。 （文章来源：21世纪经济报道） 氢化丁腈橡胶是在丁腈橡胶的基础上进一步改性而成，其在耐化学介质、耐磨性、耐油性以及耐高低温 性能等方面都表现出色，是一类面向战略性新兴产业高端化需求的高性能合成橡胶材料。 "阿朗新科的新工厂可以更好地满足下游客户在不同应用场景下严苛且差异化的加工和性能需求， 比如 海上钻井和新能源汽车所需要的密封材料，以及动力电池。"阿朗新科常州工厂生产经理李晶向记者介 绍，例如在新能源汽车领域，一些车型采用电机油冷等先进技术，对密封材料的耐油性和可靠性提出了 更高要求，氢化丁腈橡胶正好能够支持更好的整车性能和更长的续航里程；在动力电池领域，合成橡胶 可以帮助实现碳材料的均匀分散，从而显著提升导电性能 ...

Core Viewpoint - The announcement indicates a reduction in shareholding by Heilongjiang Chuangda Group Co., Ltd. due to the exchange of corporate bonds, resulting in a decrease in ownership percentage from 55.86% to 54.94% [1] Group 1 - Heilongjiang Chuangda Group Co., Ltd. has reduced its shareholding by 8.7097 million shares during the period from February 5 to February 9, 2026 [1] - After the equity change, Chuangda Group holds a total of 516,973,085 shares, representing 54.94% of the company's total equity [1]

南财智讯2月10日电，永吉股份公告，公司于2026年2月10日召开第六届董事会第十九次会议，审议通过 《关于为全资子公司提供担保的议案》，同意为全资子公司贵州金马包装材料有限公司分别向中国银行 股份有限公司贵阳市观山湖支行、中国农业银行股份有限公司贵阳黔灵支行申请的流动资金授信5000万 元、4500万元提供担保，合计担保额度不超过9500万元，担保方式均为连带责任保证；该事项尚需提交 公司股东大会审议。 ...

Core Viewpoint - The company has approved a proposal to utilize idle self-owned funds for cash management, amounting to a maximum of 300 million RMB, to invest in low-risk and highly liquid financial products [1] Group 1: Company Actions - The company will hold its sixth board meeting on February 10, 2026, to review the cash management proposal [1] - The approved cash management will involve investments in structured deposits, large certificates of deposit, and reverse repos of government bonds [1] - The decision is effective from the date of the board's approval until the annual shareholders' meeting in 2025 [1] Group 2: Financial Management - The funds can be used on a rolling basis within the approved limit [1] - The cash management activities will not affect the operational funding needs of the company's subsidiaries or the normal development of its main business [1] - The proposal is designed to safeguard the interests of the company and its shareholders [1]

Core Viewpoint - The company has provided a joint liability guarantee for a fixed asset loan of 100 million yuan (10,000 million) to its wholly-owned subsidiary, indicating a strategic financial maneuver to support its operations and manage debt obligations [1] Group 1: Loan and Guarantee Details - The guarantee amount is set at 100 million yuan, with a guarantee period of three years from the maturity of the main contract debt [1] - The guarantee covers principal, interest, penalty interest, compound interest, default penalties, compensation for damages, and related costs for the creditor to realize the debt [1] - The relevant loan and guarantee contracts have been signed, and the guarantee falls within the company's expected guarantee limit for the fiscal year 2025 [1] Group 2: Financial Position and Risk - The guaranteed party has an asset-liability ratio exceeding 70%, indicating a high level of leverage [1] - As of the announcement date, the company has a total guarantee balance of 699 million yuan and 888.88 million USD for its controlling subsidiaries [1]

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management, with a maximum amount of RMB 2.8 billion, ensuring that this arrangement will not affect the progress of investment projects or normal operations [1] Group 1 - The company will hold its ninth board meeting on February 10, 2026, to approve the proposal for cash management of idle funds [1] - The investment limit for cash management is set at RMB 2.8 billion, which includes the principal amount [1] - The investment products will have a maximum term of 12 months and can be rolled over within 24 months from the board's approval date [1] Group 2 - The source of funds for this cash management will be temporarily idle raised funds [1] - The investment direction focuses on high safety, good liquidity, and capital preservation, including but not limited to structured deposits, notice deposits, time deposits, and large certificates of deposit [1] - The arrangement is designed to ensure that it does not impact the progress of investment projects or the company's normal production and operations [1]

凯琳睇广州｜新春走基层广州长隆神马园今日开园 "福运加马"开启奇妙之旅 （文章来源：21世纪经济报道） ...

编辑丨孙超逸 记者丨林典驰 2007年，来自莆田市的小镇青年张清森，大学毕业后到企业从事外贸业务，两年后自立门户，踏上创业之路。成立初期，张清森也是靠给国外客户代工数据 线挣钱。 时间来到2011年，彼时3C数码电商方兴未艾。淘宝上售卖的数据线大多来自华强北的小作坊，同行间竞争激烈，价格也"内卷"起来。 张清森从中看到了机会，从原来的数据线出口代工转战国内电商做起自有品牌。绿联科技推出的产品价格比原装配件便宜，同时质量优于小作坊，以此逐渐 建立起竞争优势。 功夫不负有心人，他逐渐卖出了"名堂"，2023年、2024年以及2025年前三季度，绿联科技营业收入约为48.01亿元、61.66亿元、63.61亿元，同期净利润分别 为3.94亿元、4.6亿元、4.67亿元。 2024年，张清森成功将绿联科技推上A股创业板，截至2月10日收盘，绿联科技报收64.7元/股，公司总市值达到269亿元。 如今，绿联科技又开始向港股发起冲击，近日正式向港交所提交招股书。 品类扩张或许是诸多3C配件的宿命，单一品类毕竟过于激烈，增长潜力有限，站在当下节点，绿联科技收入来源已经逐渐多元化，涵盖充电创意产品、智 能办公产品、智能影音产 ...

Core Viewpoint - The company has held an AI product launch event, indicating that the gradual rollout of AI products is expected to positively impact future revenue and performance [1] Group 1 - The company has officially started external sales of its AI products, including the "Lei AI" planning design assistant [1] - The AI products are not only widely used in the company's daily practices but are also being marketed to external clients [1]