Core Viewpoint - ST Xuefa (002485) is facing legal issues involving its related party, Xuesong Holdings Group, and its actual controller, Zhang Jin, who have been implicated in fraud and other financial crimes. The company asserts that these legal matters will not significantly impact its daily operations [1][2]. Group 1: Legal Issues - On February 10, 2026, the Guangzhou Intermediate People's Court publicly announced a verdict involving Xuesong Holdings and Zhang Jin for fundraising fraud, illegal public deposit acceptance, and other charges [1]. - The company has not yet received the official judgment document, and the specific outcomes will be determined by the court's written ruling [1]. Group 2: Company Operations - Despite the legal troubles of its related parties, ST Xuefa claims that its business operations remain normal and that the court case will not have a major adverse effect on its daily activities [2]. - The company emphasizes its operational independence from its controlling shareholder and related parties, asserting that there will be no significant changes to its business operations or harm to the interests of minority shareholders [3]. Group 3: Shareholding Structure - ST Xuefa's controlling shareholder is Guangzhou Xuesong Cultural Tourism Investment Co., Ltd., which is a wholly-owned subsidiary of Xuesong Industrial Group, itself a subsidiary of Xuesong Holdings. All entities are ultimately controlled by Zhang Jin [3]. - As of the announcement date, Zhang Jin does not directly hold shares in ST Xuefa but controls 377,572,946 shares through related entities, representing 69.40% of the total share capital. A significant portion of these shares (68.50%) is pledged or judicially frozen [4]. Group 4: Market Reaction - As of the close on February 10, ST Xuefa's stock price reached a 5% limit up, trading at 4.81 yuan per share, with a market capitalization of 2.617 billion yuan [5].

Core Viewpoint - The major shareholder of Qianyuan Pharmaceutical, Zhao Qun, has had 15.78 million shares frozen by the court, representing 100% of his holdings and 6.16% of the company's total shares, due to a pre-litigation preservation request [1][2]. Group 1: Shareholder and Legal Issues - Zhao Qun's shares were frozen due to a court ruling related to a claim made by Cao Xitong, with the frozen amount set at 50 million yuan [1]. - The company clarified that the legal issues involving Zhao Qun are unrelated to the company and do not stem from any overdue debts or violations that could harm the company's interests [2]. Group 2: Company Performance - Qianyuan Pharmaceutical reported a significant decline in net profit for the first half of 2025, with a notable increase in revenue in the third quarter, achieving 238 million yuan, a 14.82% year-on-year growth, and a net profit of approximately 21.95 million yuan, up 106.06% [3]. - Despite the strong quarterly performance, the cumulative results for the first three quarters of 2025 showed a slight revenue increase of 0.44% to 611 million yuan, but a significant drop in net profit by 49.43% to about 22.33 million yuan [3][4]. - Financial expenses have increased by 50.80% year-on-year, reaching approximately 17.52 million yuan, primarily due to rising bank loan interest [4]. Group 3: Market Information - As of February 10, Qianyuan Pharmaceutical's stock closed at 12.00 yuan per share, with a total market capitalization of approximately 3.073 billion yuan [5].

北交所网站显示，2月9日，广西森合高新科技股份有限公司（以下简称"森合高科"）披露了对北京证券交易所第二轮审 核问询函的回复文件，就交易所关注的业绩增长合理性、成本核算准确性、在建工程真实性以及募投项目产能消化能力 等核心问题作出详细说明。 关于外销毛利率较高的问题，森合高科披露报告期内境外销售毛利率分别为35.19%、38.96%、45.51%和53.38%，各期外 销毛利率分别高于内销5.60、8.86、9.02和7.37个百分点。公司解释称，外销单价高于内销主要系基于境外市场竞争环境 与境内存在差异、境外客户价格敏感度相对较低，因而公司对境外客户议价能力更强、总体报价较高所致。 | 文件名称 | 披露日期 | | --- | --- | | 森合高科:森合高科及国投证券关于第二轮问询的回复 | 2026-02-09 | | 森合高科:中汇会计师事务所(特殊普通合伙)关于森合高科第二轮问询的回复 门 | 2026-02-09 | 图片来源：北交所网站 这家主营环保型贵金属选矿剂的企业正冲刺北交所上市，其报告期内收入从2022年的3.02亿元跃升至2024年的6.23亿元， 2025年上半年已达3.98亿元 ...

| 走进步长 Company profile | | | --- | --- | | 企业概况 | > | | 步长之魂 | V | | 发展历程 | > | | 管理团队 | > | | 步长荣誉 | > | | 企业文化 | V | | 脑心同治 | V | | 步长生物 | V | | BuChang BIO | | 步长制药（603858）84岁创始人赵步长日前收到"限高令"，涉及名下公司1600万元的借款合同纠纷。根据中国执行信息公开网的信息，因未按执行通知书 指定的期间履行生效法律文书确定的给付义务，哈尔滨市松北区人民法院日前对安图道自然大酒店有限公司采取限制消费措施，对公司法定代表人赵秀 琴、主要负责人赵步长限制实施高消费及非生活和工作必需的消费行为。 赵步长是上市公司步长制药的创始人，本次"限高令"与上市公司无直接关联。根据"限高令"信息，核心案由是安图道自然大酒店有限公司与哈尔滨汇盛电 力工程有限公司的借款合同纠纷；执行标的金额为1600万元，目前未能全额偿还。而赵步长是安图道自然大酒店的主要负责人；持股方面，赵步长、伍海 勤夫妇分别持有其51%、49%的股份。这家酒店也是赵氏家族跨界投资房 ...

Group 1 - The luxury car market in China is experiencing significant price reductions from brands like BMW and Mercedes-Benz, with price cuts ranging from 3.37 million to 6.902 million yuan, approximately 10% for key models [1] - Mercedes-Benz plans to deliver 575,000 vehicles in China in 2025, a decline of about 19% from 714,000 units in 2024 [1] - BMW has also adjusted the suggested retail prices for several key models, with reductions generally exceeding 10%, and some models seeing cuts of over 300,000 yuan [1] Group 2 - The market for mid-to-high-end electric vehicles priced above 250,000 yuan has seen less price reduction during the Spring Festival, with brands like BYD and Volvo not offering significant discounts [1] - Domestic electric vehicle brands are introducing new models post-Spring Festival, with Xiaomi planning to launch a new generation of its SU7 model [2] - The automotive market is shifting from rapid growth to a phase of stock competition, with traditional luxury brands facing intense competition from new energy vehicles [2] Group 3 - The market for electric vehicles priced below 100,000 yuan is becoming increasingly competitive, with models like BYD's Yuan priced at 74,800 yuan and Leap Motor's Lafa5 at 97,800 yuan, both offering cash discounts during the Spring Festival [3] - GAC Toyota's Platinum 3X has dropped to 99,800 yuan, with additional promotional offers available [3] - Leap Motor has achieved significant sales success, leading the new energy vehicle segment with nearly 600,000 units sold last year [3]

Core Viewpoint - Tianhong Fund announced the resignation of fund manager Jiang Xiaoli due to personal reasons, emphasizing the company's commitment to maintaining stable operations of its products through a robust research and investment system [4]. Group 1: Resignation Announcement - Jiang Xiaoli has resigned from all public fund products she managed, citing a desire for a break and to focus more on family [4]. - The company respects her decision and expresses gratitude for her long-term professional contributions [4]. - Jiang Xiaoli has 16 years of experience in the securities industry, managing a total of 10 funds with an aggregate scale of 35 billion yuan as of her resignation date [4]. Group 2: Impact on Funds - Tianhong Fund stated that the "fixed income+" business operates under a multi-manager model, ensuring product strategy stability [5]. - The incoming fund manager will continue to execute established investment goals and processes, with no significant changes to the investment scope [5]. - The research and investment team will provide comprehensive support to ensure continuity [5].

2月10日上午8时15分，深圳市七届人大七次会议举行了第二场"代表通道"集中采访活动。3名深圳市人 大代表走上"代表通道"，从提升城市国际影响力、基础教育扩优提质、提升医疗治疗水平等话题。 夏育华：打造深圳基础教育集团化办学高质量发展"高峰" "十四五"期间，深圳在基础教育学位供给、集团化办学等方面取得显著进展。其中，新增基础教育学位 超过90万个，自2022年4月印发《深圳市公办中小学集团化办学实施方案》以来，全市集团化办学迈入 高质量"加速度"发展阶段，不到四年时间，集团化学校从30个迅速扩展至103个，覆盖范围惠及全市各 区。今年1月，深圳市10个区（含新区）已全市域通过国家义务教育优质均衡发展区督导评估。 面向未来，如何进一步提升基础教育集团化办学融合发展质效，在全市优质均衡的"高原"上，再造高质 量发展的"高峰"？作为教育领域的代表，深圳实验学校党委书记，深圳实验学校高中园联合党委书记夏 育华建议从三个方面持续发力。 首先是软件提质与硬件焕新相结合。深圳各区各学校应在校园文化建设、教师队伍建设、课程体系构建 等方面持续加强。教师的培养先于学生的培养，可借鉴"柔性引才"等实践经验，引进市内外优秀人才担 ...

2月7日8时50分左右，山东招远市蚕庄金矿上庄矿段一盲竖井发生坠罐事故，造成7人死亡。善后处置正 在进行中。应急、公安等相关部门已对事故原因及企业涉嫌瞒报等问题同步展开调查。 记者在事故现场看到，发生事故的矿井入口已经关闭，周围拉起了警戒线。当地有关方面告诉记者，发 生意外的工人在深入井下第三矿段的时候出现了钢绳断裂，坠入240米下的井底，事故的直接原因是双 重保险的钢绳同时发生断裂，这种情况非常少见。 招远市应急部门负责人告诉记者，事故发生后，企业并没有及时上报事故。招远市应急局在2月9日接到 举报后才现场核实确认事故的发生。目前，蚕庄金矿矿长、总工程师、安全副矿长、生产副矿长、机电 副矿长，以及蚕庄金矿上庄段矿长、总工程师、安全副矿长、生产副矿长、机电副矿长、车间主任11人 已被控制。 ...

据港交所2月9日披露，维达力科技股份有限公司(简称：维达力)向港交所主板递交上市申请书，中金公司（601995）、德意志银行为其联席保荐人。 | 2014 23 编纂 項下的 编纂 數目 : | 编纂]股H股(視乎[编纂 行使與否而定) | | --- | --- | | 编纂 數目 : | [编纂]股H股(可于調整) | | 编纂 敦目 : | 编纂 股H股(可于調整及視乎 编纂 行使與否面定) | | 岩泰 : | 每股H股[编纂]港元,另加1.0%經紀佣金、0.0027% | | | 證監會交易微禮、0.00565%聯交所交易費及 | | | 0.00015% 何財局交易微費(須於申請時以港元繳 | | | 足 · 多繳款項可予退還) | | 面值 : | 每股H股人民幣1.00元 | | 股份代號 : · | | 维达力2025年前9个月营收为46.18亿元，毛利为10.82亿元，期内利润为5.72亿元。 根据招股书，维达力是全球化的聚焦界面增强技术及相关材料工程的科技公司，为消费电子、智能汽车及新兴领域的全球领先客户提供服务。 维达力2023年、2024年营收分别为34.81亿元、52亿元；毛利分别 ...

Core Viewpoint - Jiufang Zhituo Holdings announced that its subsidiary, Shanghai Jiufang Cloud Intelligent Technology Co., Ltd., received an administrative regulatory decision from the Shanghai Securities Regulatory Bureau, requiring the company to rectify certain practices and suspend new client acquisitions for three months [1] Group 1: Regulatory Actions - The Shanghai Securities Regulatory Bureau found misleading marketing content, false information in live marketing, inadequate compliance management, and unregistered employees providing investment advice, violating relevant regulations [1] - During the suspension period, the company is prohibited from signing new clients and must submit monthly rectification reports to the regulatory authority [1] Group 2: Company Response and Financial Impact - Jiufang Zhituo Holdings stated that its operational status remains normal and that the regulatory measures do not involve significant violations, nor do they affect existing client services or the company's long-term operational capacity [1] - The company has confidence in maintaining stable operations and expects the financial impact of the regulatory measures to be manageable, with healthy cash flow anticipated [2] Group 3: Market Performance and Stock Reactions - On January 26, Jiufang Zhituo's stock price dropped over 30% amid rumors of regulatory scrutiny, closing down 25.92% [2] - Following a buyback announcement of 44.8357 million shares with a maximum expenditure of $100 million, the stock experienced a brief rebound but continued to decline in subsequent days, resulting in a total drop of 34% over four trading days [2] Group 4: Company Background and Performance - Jiufang Zhituo Holdings, headquartered in Shanghai, specializes in online investment education and financial information software services, and was the first securities advisory company to list on the Hong Kong Stock Exchange in March 2023 [3] - The company reported significant growth in 2025, with revenue of approximately 2.1 billion yuan, a year-on-year increase of 133.79%, and a net profit of 865 million yuan, nearly six times higher than the previous year [3] Group 5: Industry Context - Several third-party investment advisory firms have faced similar regulatory actions this year, with multiple companies being ordered to suspend new client acquisitions for various periods due to violations [5] - Notable penalties in the past year include fines and revocation of licenses for firms like Zhongfang Xinf and Qingdao Damo Securities, indicating a tightening regulatory environment for the industry [5]