Core Viewpoint - The company plans to utilize up to RMB 1 billion of its idle funds for cash management, focusing on low to medium-risk financial products with high liquidity [1] Group 1: Board Meeting and Approval - The fourth board meeting was held on February 10, 2026, where the proposal for cash management was approved [1] - The approval allows the company to use idle funds for investment in financial products such as structured deposits and large certificates of deposit [1] Group 2: Investment Strategy - The investment strategy emphasizes high safety, low to medium risk, and good liquidity [1] - The approved fund usage is valid for 12 months from the date of shareholder meeting approval, allowing for rolling use within the set limit [1] Group 3: Impact on Operations - The cash management initiative will not affect the company's normal production operations or the development of its main business [1]

南财智讯2月11日电，中京电子公告，公司持股5%以上股东香港中扬电子科技有限公司将质押于西藏信 托有限公司的3030.00万股股份办理了解除质押。截至公告披露日，该股东所持股份已全部解除质押。 ...

Core Viewpoint - Tianyu Co., Ltd. identifies non-sartan active pharmaceutical ingredients (APIs) such as sitagliptin and ezetimibe as core growth drivers, with expectations for continued rapid growth through 2026 and potential for further gross margin improvement due to economies of scale [1] Group 1 - Non-sartan APIs are expected to be a significant growth driver for the company [1] - The company anticipates maintaining rapid growth in the non-sartan API segment through 2026 [1] - There is potential for further improvement in gross margins as economies of scale become more pronounced [1]

Market Overview - On February 11, the Shanghai Composite Index rose by 0.09%, while the Shenzhen Component Index fell by 0.35%, and the ChiNext Index decreased by 1.08% [2] - A total of 44 stocks appeared on the "Dragon and Tiger List" due to significant price movements, with the highest net inflow of funds being 425 million yuan into International Composite Materials (301526.SZ) [2][3] Stock Performance - International Composite Materials saw a price increase of 20.04%, with a turnover rate of 10.77% and a net buying amount of 424.69 million yuan, accounting for 24.56% of the total trading volume [3][5] - The stock with the highest net outflow was Chinese Online (300364.SZ), which experienced a net selling of 501 million yuan, representing 4.77% of the total trading volume, and closed down by 6% [3][6] Institutional Activity - On the same day, institutions were involved in 29 stocks, with a total net selling of 305 million yuan. Institutions net bought 10 stocks and net sold 19 stocks [7] - The stock with the highest net buying by institutions was Jiecheng Co., Ltd. (300182.SZ), which closed up by 4.73% with a turnover rate of 53.49% [7][8] Northbound Capital - Northbound funds participated in 21 stocks on the Dragon and Tiger List, with a total net buying of 92.94 million yuan. The Shanghai Stock Connect saw a net buying of 144 million yuan, while the Shenzhen Stock Connect had a net selling of 50.87 million yuan [12] - The stock with the highest net buying from northbound funds was Chinese Online, with a net inflow of 187 million yuan, while the highest net outflow was from Zhongtung High-tech (000657.SZ), amounting to 147 million yuan [12] Common Trends - Both institutions and northbound funds collectively net bought stocks such as Chinese Online, Debang Technology, Zhangyuan Tungsten Industry, Jiecheng Co., Ltd., International Composite Materials, and Green Beauty [14] - Conversely, they collectively net sold stocks including Changhai Co., Ltd., Wanda Film, Huanrui Century, Xiexin Integration, and Zhongtung High-tech [14]

Group 1: National Power Market Development - The State Council has issued an implementation opinion aiming to establish a unified national electricity market system by 2035, with a market transaction volume steadily increasing [1] - By 2030, the goal is to have about 70% of the total electricity consumption in the country come from market-based transactions, with all types of power sources and non-essential users participating directly in the market [1] - The implementation will include joint transactions across provinces and regions, with a fully operational spot market and a well-established market pricing mechanism by 2030 [1] Group 2: Stock Market Projections - The People's Bank of China projects that the average daily trading volume of the two stock exchanges will reach 17,045.4 billion yuan in 2025, an increase of 61.9% compared to 2024 [2] - By the end of 2025, the Shanghai Composite Index is expected to close at 3,968.8 points, reflecting an 18.4% increase from the end of 2024, while the Shenzhen Component Index is projected to rise by 29.9% to 13,525.0 points [2] Group 3: Solid-State Battery Standards - The first part of the national standard for solid-state batteries for electric vehicles is expected to be released in July 2026, with the draft completed by December 2025 [3] - The standard will include terminology and classification, with testing and validation scheduled for early 2026 [3] Group 4: Lithium Carbonate Futures and Market Activity - Lithium carbonate futures saw a significant increase, with the main contract rising over 9% on February 11 [4] Group 5: Glass Fiber Price Increases - Leading glass fiber companies have raised prices for electronic cloth, resulting in multiple stocks in the sector hitting their daily price limits [5] - Notable companies include International Composites, Changhai Co., and Honghe Technology, with price increases ranging from 10% to over 20% [5][6] Group 6: Tungsten and Rare Earth Market Movements - Zhangyuan Tungsten Industry announced significant price increases for long-term procurement contracts, with black tungsten and white tungsten prices rising by 28.1% and 28.2% respectively [7] - Rare earth product prices have accelerated, with neodymium oxide and metal prices increasing by 7.59% and 6.27% respectively, and a cumulative increase of 34% since the beginning of the year [8] Group 7: Solid-State Battery Technology Collaboration - Guoxuan High-Tech and BASF have signed a strategic cooperation memorandum to jointly develop next-generation solid-state battery technology, focusing on high-performance materials [9] - The collaboration aims to accelerate the commercialization of innovative results in various applications, including electric vehicles and energy storage [9] Group 8: Nickel Price Trends - Nickel prices have continued to rise, with LME nickel reaching $17,780 per ton, and domestic futures increasing over 4% [11] - Indonesia has reaffirmed plans to significantly reduce nickel ore production, with a production quota set between 260 million and 270 million tons for the year [11]

南财智讯2月11日电，东方国信公告，公司股票于2026年2月9日、2026年2月10日、2026年2月11日连续 三个交易日收盘价格涨幅偏离值累计超过30%，属于股票交易异常波动。经公司自查并向控股股东及实 际控制人核实，不存在应披露而未披露的重大信息；公司前期披露信息不存在需要更正、补充之处；近 期经营情况正常，内外部经营环境未发生重大变化；公司、控股股东及实际控制人不存在筹划中的重大 事项，亦未在异动期间买卖公司股票；内蒙古智算中心项目已部分建成并交付客户使用，其余部分尚在 建设中，该业务当前收入占公司营业收入比重较小，对当期经营业绩不构成重大影响，未来收入贡献存 在不确定性。 ...

中际旭创在互动平台回应称，光模块产品由光模块厂商按照CSP客户对数据中心网络的需求进行定制化 开发和设计，需要光模块厂商拥有高效的研发技术能力和成熟的制造工艺、充足的产能和大规模制造与 交付能力，且经过CSP客户严格的产品送测、资格认证和审厂后才能成为CSP客户供应链上的合格供应 商。因此，CSP客户会直接下订单给公司，由公司制造后直接交付给CSP客户，这个商业模式并没有改 变。不存在所谓的CSP客户下订单给上游光芯片厂，跳过公司等中间层再转单给光芯片指定的模组/组 装厂生产的情形。 （文章来源：21世纪经济报道） 2月11日，《21辟谣》注意到，社交媒体网络上广泛流传一张截图，称光模块公司订单路径发生改变， CSP绕过公司（如中际旭创），通过下单给上游的激光设备公司Lumentum，再经Lumentum指定模组/组 装厂的方式，跳过中间层下单，从而压缩中国模组厂的毛利。CSP是指大型云服务提供商（Cloud Service Provider），如谷歌、亚马逊、微软、Meta等科技巨头。 对此，有投资者在互动平台问，近日有新闻说CSP绕过公司，通过下单给Lumentum上游，再经 Lumentum指定模组/组 ...

Group 1 - The core point of the article is that Meihao Medical has completed a share reduction plan involving the sale of a total of 54,264 shares by its executives [1] Group 2 - The executives involved in the share reduction include Deputy General Managers Yan Jun'e, Huang Kai, Yan Bo, and Director Joel Chan [1]

2月11日晚间，上纬新材公告称，预计2025年年度实现归属于母公司所有者的净利润与上年同期（法定 披露数据）相比，将减少3300万元到4800万元，同比减少37%—54%。 公告中，上纬新材还称，公司具身智能机器人业务专注于面向个人与家庭场景的产品开发（未面向工商 业领域），目前仍处于产品开发阶段，尚未实现量产及规模化销售，相关业务尚未形成营收及利润，后 续仍需要大量投入，预计不会对2025年度业绩产生正向影响。 公司具身智能机器人业务目前尚为研发阶段样机产出，处于宣发初期，公司新产品研发到实现规模量产 尚需一定的周期和验证流程，产品研发最终能否成功、产品上市时间以及产品上市后市场推广情况均具 有一定不确定性，存在研发进度放缓、市场环境变化、竞争加剧、市场推广与客户开拓不足等导致产品 效益不及预期的风险，公司尚不能预测对2026年度营收及盈利的影响情况。 同时，上纬新材发布异动公告称，公司股票价格自2025年7月以来累计涨幅较大，期间多次触及异常波 动及严重异常波动，公司已就上述股票交易情况进行两次停牌核查，目前股价情况已严重脱离当前基本 面。 同日，据上交所消息，2026年1月19日至2026年1月23日， ...

Core Viewpoint - The company has completed three major projects related to chip development and has approved the conclusion of these projects during the board meeting held on February 11, 2026 [1] Group 1: Project Completion - The company announced the completion of the "Home Appliances and Industrial Control MCU Chip Development and Industrialization Project," "IoT SOC and Analog Chip Development and Industrialization Project," and "Automotive Grade Chip Development Project" [1] - All three projects have been implemented and reached the predetermined usable status as of December 31, 2025 [1] Group 2: Financial Summary - As of December 31, 2025, the total surplus of raised funds from the three projects amounts to 220.8343 million yuan, after deducting payable amounts of 2.8309 million yuan [1] - Out of the surplus funds, 120.8343 million yuan is intended for permanent replenishment of working capital, while 100 million yuan is earmarked for investment in new projects [1] - Following the transfer of the raised funds, the relevant special account for the raised funds will be canceled [1]