Group 1 - The stock price of Wanrun New Energy (688275.SH) fell by 3.96%, closing at 83.73 yuan [1] - Wanrun New Energy was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on September 29, 2022, with an initial public offering of 21,303,795 shares at a price of 299.88 yuan per share [1] - The stock reached an all-time high of 259.99 yuan on its first trading day but is currently in a state of decline [1] Group 2 - The total funds raised from the initial public offering amounted to 638.8582 million yuan, with a net amount of 614.56226 million yuan after deducting issuance costs [1] - The company raised 4.884 billion yuan more than originally planned, with the funds intended for high-performance lithium-ion battery materials projects and working capital [1] - The issuance costs for the IPO were 24.29594 million yuan, including underwriting fees of 21.2 million yuan [2] Group 3 - On May 24, 2023, Wanrun New Energy announced a profit distribution plan, distributing a cash dividend of 3.52 yuan per share and a capital increase of 0.48 shares per share [2] - The total cash dividend distributed amounted to 299,957,426.56 yuan, with an additional 40,903,285 shares being issued [2] - The total share capital after the distribution will be 126,118,463 shares [2]

中国经济网记者致电和府捞面了解详情，对方回应称"这件事正在处理中"。 中国经济网北京2月10日讯信网2月8日《和府捞面卤肉饭吃出尖锐铁丝店方承认是后厨工具掉落部件》 报道显示，近日，江苏南京的倪先生反映，2月3日晚，他与朋友前往和府捞面(南京文鼎广场店)用餐 时，从卤肉饭中吃出一根尖锐铁丝，所幸发现及时未吞入口中。和府捞面南京文鼎广场店负责人李先生 回应称，经内部排查，确认铁丝是后厨一个小铁丝篓的掉落部件。 天眼查工商信息显示，和府捞面品牌所属的江苏和府餐饮管理有限公司，成立于2012年，注册资本 1526.5万元，法定代表人李亚彬。融资历程显示，该公司已经多轮融资。2020年11月，该公司进行了D 轮融资，金额4.5亿元，腾讯投资、华映资本、龙湖资本等领跟投。2021年7月，E轮融资近8亿元， CMC资本、众为资本、龙湖资本、腾讯投资等领跟投。2022年8月获得E+轮融资，具体金额未披露，虎 童资本参与投资。 ...

杰美特于2020年8月14日披露的招股说明书显示，该公司拟募集资金4.46亿元，拟分别用于移动智能终 端配件产能扩充项目、技术研发中心建设项目和品牌建设及营销网络升级项目。 杰美特的保荐机构为东兴证券股份有限公司，保荐代表人为彭丹、贾卫强。杰美特首次公开发行股票的 发行费用总计1.31亿元，其中，东兴证券股份有限公司获得保荐、承销费用1.12亿元。 中国经济网北京2月10日讯杰美特（300868）(300868.SZ)今日收报31.50元，跌幅5.12%。 杰美特于2020年8月24日在深交所创业板上市，公开发行股份数量为3200万股，发行价格为41.26元/ 股。募集资金总额为132,032.00万元，扣除发行费用13,061.69万元后，募集资金净额为118,970.31万元， 其中超募资金总额为76,671.84万元。上述募集资金已于2020年8月14日到达公司募集资金专用账户。 上市次日，即2020年8月25日，杰美特盘中创下上市以来最高点95.60元。目前该股处于破发状态。 ...

Core Viewpoint - Lexin Outdoor International Limited (乐欣户外) has successfully listed on the Hong Kong Stock Exchange, closing at HKD 24.78, a 102.29% increase from its final offering price of HKD 12.25, indicating strong market interest and investor confidence in the company [1][6]. Group 1: IPO Details - The total number of shares offered globally was 28,205,000, with 2,820,500 shares available for public sale in Hong Kong and 25,384,500 shares for international sale [2]. - The total proceeds from the offering amounted to HKD 345.5 million, with net proceeds after estimated listing expenses of HKD 60.4 million being HKD 285.2 million [7]. - Key cornerstone investors include Horizon Venture Capital Management Limited and Huangshan Dejun Enterprise Management Limited, which collectively acquired 37.62% of the offered shares [4][5]. Group 2: Financial Performance - The company reported revenues of RMB 818.4 million, RMB 463.3 million, RMB 573.5 million, RMB 391.0 million, and RMB 460.3 million for the years ending December 31 from 2022 to 2025, with net profits of RMB 113.9 million, RMB 49.0 million, RMB 59.4 million, RMB 46.7 million, and RMB 56.2 million respectively [8][9]. - In 2023, the company experienced a significant decline in revenue by 43.40% and a net profit decrease of 56.98% compared to the previous year [9]. Group 3: Market Position and Strategy - Lexin Outdoor is recognized as a global leader in the fishing equipment industry, holding a market share of 28.4% in China as of 2024, significantly higher than other domestic competitors [7]. - The company plans to utilize the proceeds from the IPO for brand development, product design, establishing a global fishing tackle innovation center, upgrading production facilities, and enhancing digital capabilities [7]. - The company has maintained over 90% of its revenue from the OEM/ODM model, with major clients including Decathlon and well-known fishing brands like Rapala VMC and Pure Fishing, indicating a strong reliance on international brand partnerships [10][12]. Group 4: Risks and Concerns - The company faces significant customer concentration risk, with approximately 55% of its revenue coming from its top five clients, and the largest single client contributing 17.7% of revenue in the first eight months of 2025 [12]. - Transactions with related party Taipson Group raise concerns regarding pricing fairness, as Taipson is both a major customer and a core supplier, leading to potential conflicts of interest [12]. - The overall gross margin for Lexin Outdoor has been reported at 23.2%, 26.6%, 26.6%, and 27.7% from 2022 to 2025, while the gross margin for products sold to Taipson Group was significantly lower, indicating potential profitability issues [12].

Core Viewpoint - The company Keda (002518.SZ) announced a share reduction plan by its controlling shareholder, Ningbo Keda Venture Capital Partnership, which will reduce its holdings by up to 5,822,200 shares, representing 1% of the total share capital [1] Group 1: Shareholding and Reduction Plan - Ningbo Keda holds 330,462,060 shares, accounting for 56.76% of the total share capital of the company [1] - The planned reduction will occur within three months after the announcement, using block trading or centralized bidding methods [1] - The estimated amount from this reduction is approximately 30,944.99 million yuan, based on the closing price of 53.15 yuan per share on February 9, 2026 [1] Group 2: Previous Share Reduction - On September 26, 2025, the company was notified that Ningbo Keda had already reduced its holdings by 5,822,200 shares from August 29 to September 26, 2025, which also represented 1% of the total share capital [1] - The total cashing amount from the previous reduction was approximately 220,079,160 yuan, calculated at an average price of 37.80 yuan per share during the reduction period [1]

Core Insights - Dongfeng Motor achieved significant growth in 2025, with new energy vehicle (NEV) sales reaching 1.05 million units, a year-on-year increase of 21%, and total sales of self-owned brands exceeding 1.5 million units, accounting for over 60% of total sales [1][3] - The company aims for ambitious targets in 2026, setting overall sales at 3.25 million units, including 1.7 million NEVs and 600,000 units for export [1][3] Group 1: Sales Performance - In 2025, Dongfeng's NEV sales reached 1.05 million units, marking a 21% increase year-on-year [1][3] - Self-owned brand sales surpassed 1.5 million units, representing over 60% of total sales, indicating a successful transition from the investment phase to the harvest phase [3] Group 2: Technological Advancements - Dongfeng's R&D investment intensity reached 7.9% in 2025, with the DF30 automotive-grade high-end MCU chip entering mass production, achieving full-stack domestic control [5] - The Mahle hybrid engine's thermal efficiency exceeded 48%, setting a new industry record, while the largest 16,000T integrated die-casting production line was established, enhancing vehicle lightness and manufacturing efficiency [5] Group 3: Brand and Product Strategy - Dongfeng is developing a clearer and more synergistic brand and product matrix, with the Dongfeng Warriors setting a benchmark for luxury electric off-road vehicles and the Dongfeng Lantu leading the high-end market [7] - The company is exploring a new model of "Chinese customers, Chinese standards, Chinese components, Chinese speed," creating a strategic community for co-creating new value [7] Group 4: Future Goals and Innovations - For 2026, Dongfeng aims to accelerate the transition from "technology realization" to "value resonance," focusing on smart, green, and integrated transformation [7] - The company plans to launch the new generation Mahle power system and high-performance DF30 chip on a large scale, with the "Tianyuan Intelligent" system and "Tianyuan Smart Cabin" enhancing user experience [7][9] Group 5: Upcoming Product Launches - The new "Yijing" brand, co-created with Huawei, is set to debut globally in March 2026, focusing on high-end intelligent vehicles [9] - Dongfeng will introduce several new models, including the U series from Dongfeng Warriors and various high-end products from Dongfeng Lantu, targeting intelligent driving and aesthetics [9][10]

Core Viewpoint - The market showed a strong performance in 2025, with the Wande Micro Index rising by 70.70% and the Wande All A Index increasing by 27.65%, indicating a favorable environment for small-cap stocks due to their high elasticity and low institutional holdings [1] Group 1: Market Performance - In Q4 2025, the market experienced a pattern of rising and then retreating, with the Shanghai Composite Index nearing the 4000-point mark, reflecting a decline in risk appetite [2] - The aerospace equipment sector saw a significant increase of 40% in Q4, while the metals sector remained active due to global inflation expectations and demand recovery [2] - Consumer sectors, particularly white goods and kitchen appliances, showed a temporary rebound due to policy stimuli, while high-dividend assets like banks and coal faced continuous corrections [2] Group 2: Investment Strategy - The investment strategy focuses on low-valuation, high-growth small-cap stocks, utilizing quantitative models for stock selection [4] - The manager emphasizes capturing opportunities in small-cap stocks while being cautious of potential risks, dynamically adjusting portfolios based on performance data [4] - The outlook remains optimistic as economic recovery and market liquidity are expected to support future market growth, with a focus on structural opportunities in technology and upstream resources [3][4]

中国经济网北京2月10日讯 联盛化学(301212.SZ)昨晚披露关于公司控股股东及其一致行动人减持股 份预披露的公告称，公司的控股股东联盛化学集团有限公司（以下简称"联盛集团"）及其一致行动人台 州市高盛投资合伙企业（有限合伙）（以下简称"台州高投"）计划自公告披露之日起15个交易日后的3 个月内以集中竞价交易方式和大宗交易方式减持公司股份。 直接持有公司股份57,000,000股（占公司总股本比例52.78%）的控股股东联盛集团和直接持有公司 股份5,000,000股（占公司总股本比例4.63%）的一致行动人台州高投计划以集中竞价交易方式和大宗交 易方式减持其持有的公司股份合计不超过3,240,000股（占公司总股本比例3%）。其中，以集中竞价交 易方式减持的，在任意连续90个自然日内，减持股份的总数合计不得超过公司股份总数的1%；通过大 宗交易方式减持的，在任意连续90个自然日内，减持股份的总数合计不得超过公司股份总数的2%。 按照昨日收盘价30.97元计算，联盛集团及其一致行动人台州高投本次拟套现约1亿元。 联盛化学表示，截至公告披露日，公司不存在破发、破净情形，最近三年累计现金分红金额未低于 最近三 ...

中国经济网北京2月10日讯 今日，汇丰晋信基金发布汇丰晋信慧嘉债券型证券投资基金清算报告。 报告称，汇丰晋信慧嘉债券型证券投资基金(以下简称"该基金")经中国证监会2022年8月8日《关于准予汇 丰晋信慧嘉债券型证券投资基金注册的批复》(证监许可【2022】1738号文)注册募集,于2023年1月17日起成 立。 根据《中华人民共和国证券投资基金法》、《公开募集证券投资基金运作管理办法》、《汇丰晋信慧嘉 债券型证券投资基金基金合同》(以下简称"基金合同"或"《基金合同》")的有关规定,基金合同生效后，连续20 个工作日出现基金份额持有人数量不满200人或者基金资产净值低于5000万元情形的，基金管理人应当在定期 报告中予以披露；连续50个工作日出现前述情形的，在基金管理人履行适当程序后，基金合同自动终止，无 需召开基金份额持有人大会，但应依照《公开募集证券投资基金信息披露管理办法》的有关规定在规定媒介 上公告。法律法规或监管机构另有规定时，从其规定。 截至2026年1月7日日终且登记机构完成该开放日的申购赎回业务申请确认后，汇丰晋信慧嘉债券型证券 投资基金已连续50个工作日基金资产净值低于5000万元，已触发 ...

招商添华纯债A/C成立于2020年07月16日，截至2026年02月09日，其今年来收益率为0.39%、 0.40%，成立来收益率为10.59%、10.46%，累计净值为1.1034元、1.1021元。 | 基金名称 | 招商添华纯债债券型证券投资基金 | | --- | --- | | 基金间称 | 招商漆华纯债 | | 基金主代码 | 008804 | | 基金管理人名称 | 招商基金管理有限公司 | | 公告依据 | 《基金管理公司投资管理人员管理指导意 | | | 见》《公开募集证券投资基金信息披露管理办 | | | 法》《证券期货经营机构投资管理人员注册登 | | | 记规则》 | | 非令经理变更美品 | 解聘非金经理 | | 离任基金经理姓名 | 向霧 | | 共同管理本基金的其他基金经理姓名 | 刘祖君 | 中国经济网北京2月10日讯 今日，招商基金公告，向霈离任招商添华纯债。 向霈2006年加入招商基金管理有限公司，先后曾任职于市场部、股票投资部、交易部，2011年起任 固定收益投资部研究员，现任基金经理。 (责任编辑：康博) ...