公司重整计划已于2025年12月执行完毕，形成约680亿元至700亿元的重整收益，计入非经常性损益。同 时，新任董事长郭伟及专家顾问团队(如马蔚华、冯仑等)已上任，重点推动资产盘活和业务转型。后续 关注点包括新战略(如投资管理、不动产运营)的落地效果。 公司基本面 尽管净利润扭亏，但2025年扣非净利润预计亏损290亿元至350亿元，反映主营业务仍承压。资金流向显 示，2026年1月主力资金净流出频繁，例如1月9日净流出1238.1万元，与大盘走势分化，表明市场对ST 个股持谨慎态度。长期表现需观察现金流改善及行业政策影响。 以上内容基于公开资料整理，不构成投资建议。 经济观察网根据最新公告和市场信息，ST金科(000656)有以下值得关注的事件： 业绩经营情况 公司于2026年1月30日发布业绩预告，预计2025年净利润为300亿元至350亿元，实现扭亏为盈；年末净 资产预计为50亿元至70亿元，由负转正。若经审计后符合条件，公司计划向深交所申请撤销退市风险警 示(即"摘帽")，最终结果取决于年报审计意见。2025年年度报告预计在近期披露，这将决定公司是否消 除退市风险。 重组进展 ...

Company Performance - The company expects a net loss of 40 million to 60 million yuan for 2025, but anticipates a profit of 450,000 to 675,000 yuan in net profit after excluding non-recurring gains and losses, indicating a narrowing of losses compared to 2024 [2] - The performance change is primarily attributed to the optimization of the ship operation structure, such as focusing on foreign trade routes, and cost control measures [2] Recent Events - The actual controller, Li Jianming, was released from residential surveillance in April 2024, but the related case has not yet been concluded. The company emphasizes that Li Jianming is not involved in daily operations, and the governance structure remains normal [3] Project Initiatives - In 2025, the company plans to implement a "scrap old and buy new" strategy, which includes dismantling old ships and applying for government subsidies (e.g., receiving a ship dismantling subsidy of 40.6728 million yuan in November 2025) and plans to purchase new ships with an investment of no more than 60 million USD [4] Financial and Technical Aspects - Since January 2026, there has been a net outflow of main funds multiple times (e.g., a net outflow of 5.921 million yuan on January 5 and 7.137 million yuan on January 9), putting pressure on the stock price. Market sentiment is influenced by the actual controller's case, industry cycles, and performance factors [5] Industry Policy and Environment - The dry bulk shipping industry is influenced by the global trade climate, with the coastal bulk freight index expected to remain stable and rise in 2025. Institutions forecast that the transportation industry may benefit from improved domestic demand in 2026, but attention should be paid to potential impacts of supply and demand changes on freight rates [6]

Core Viewpoint - The company, Olin Bio (688319.SH), is progressing towards a dual listing in Hong Kong, which could enhance its capital structure and international presence, while facing regulatory uncertainties regarding the approval process [1][2]. Stock Performance - As of February 13, 2026, Olin Bio's A-share price closed at 27.13 yuan, up 4.59%, with a trading volume of 255 million yuan and a turnover rate of 2.29% [1]. Strategic Advancement - The company aims to leverage the Hong Kong listing to accelerate its "bring in" (international patents and talent) and "go out" (global sales and technology transfer) strategies, focusing on differentiated areas such as superbug vaccines and adult vaccines [2]. - In November 2025, the company received a "satisfactory compliance" rating from the Philippines FDA, facilitating entry into the Southeast Asian market, and established a vaccine production partnership with Griffith University in Australia [2]. Project Development - The proceeds from the Hong Kong listing will be allocated to the clinical development of the rHPV (Helicobacter pylori) vaccine, expansion of the III phase clinical trials for the golden staph vaccine, and upgrades to production facilities [3]. - The restructured golden staph vaccine has completed enrollment of 6,000 cases for the III phase clinical trial, with complete data expected in the first half of 2026; the quadrivalent influenza virus split vaccine (MDCK cells) commenced its III phase clinical trial in October 2025 [3]. Future Development - The Hong Kong listing is anticipated to attract international investors, broadening financing channels, which is particularly beneficial for the long-term investment required in innovative vaccine research and development [4]. - A dual listing is expected to enhance the company's international visibility, promoting business development collaborations and expansion into overseas markets [5].

李志友严重违反党的政治纪律、组织纪律、廉洁纪律、生活纪律，构成严重职务违法并涉嫌受贿犯罪， 且在党的十八大后不收敛、不收手，特别是党的二十大后仍不知止，性质严重、影响恶劣，应予严肃处 理。依据《中国共产党纪律处分条例》《中华人民共和国监察法》《中华人民共和国公职人员政务处分 法》等有关规定，经内蒙古自治区纪委常委会会议研究并报内蒙古自治区党委批准，决定给予李志友开 除党籍处分；由内蒙古自治区监委给予其开除公职处分；将其涉嫌犯罪问题移送检察机关依法审查起 诉，所涉财物一并移送。 经济观察网 2月13日，中央纪委国家监委网站通报，据内蒙古自治区纪委监委消息：经内蒙古自治区党 委批准，内蒙古自治区纪委监委对内蒙古自治区民族事务委员会原党组成员、副主任李志友严重违纪违 法问题进行了立案审查调查。 经查，李志友丧失理想信念，背弃初心使命，违反政治纪律，对抗组织审查；违反中央八项规定精神， 违规收受礼品、礼金、消费卡，违规借用车辆，违规接受宴请和旅游安排；违反组织原则，在组织函询 时不如实说明问题，利用职务上的便利在职工录用、安置方面为他人谋取利益；违反廉洁纪律，通过民 间借贷谋取大额回报；"靠体育吃体育"，利用职务便利 ...

Core Viewpoint - The company is adjusting its related party transactions and advancing green technology research and carbon neutrality transformation. Group 1: Related Party Transactions - The company’s board approved an adjustment to the expected daily related party transactions for 2026, totaling 15.307 billion yuan, with the proposal submitted for shareholder review on February 11, 2026 [2]. Group 2: Project Advancement - The board has approved plans for technological upgrades, equipment renewal, technological innovation, and information technology projects aimed at enhancing production efficiency and facilitating low-carbon transformation, which may impact the company's medium to long-term competitiveness [3]. Group 3: Product Development Progress - The company is promoting the large-scale application of mercury-free PVC catalytic technology and is collaborating with research institutions to prepare for pilot testing of carbon dioxide hydrogenation to aviation kerosene technology, which could become a future business highlight [4]. Group 4: Industry Policy and Environment - The cancellation of the PVC export tax rebate policy in April 2026 is noted, with the company stating that its PVC export proportion is limited, and the overall impact is manageable, though industry supply and demand changes should be monitored [5]. Group 5: Future Development - The company is continuously exploring hydrogen coupling and green electricity substitution paths, with a 300MW photovoltaic project already in operation and ongoing research into energy storage technology to build an integrated "source-grid-load-storage" system [6].

经济观察网润禾材料（300727）近期值得关注的事件是其计划向不特定对象发行可转换公司债券。根据 公司2026年2月12日发布的募集资金使用可行性分析报告，本次发行募集资金总额不超过40,000万元， 拟用于高端有机硅新材料项目及补充流动资金，其中高端有机硅新材料项目计划建设期为36个月。公司 项目推进此外，公司液冷解决方案已在数据中心、储能等领域实现商业化落地，并与多家头部企业开展 合作，但相关进展属于当前业务状态而非未来事件。 以上内容基于公开资料整理，不构成投资建议。 ...

经济观察网盛德鑫泰（300881）股价在创出阶段新高后出现回调，当日主力资金净流出超1500万元，公 司前三季度净利润同比下滑超两成。 股票近期走势 2026年2月13日，盛德鑫泰股价出现回调，当日收盘价45.90元，下跌4.45%，盘中最高触及48.20元，最 低下探45.67元，成交额1.50亿元，换手率5.60%。此次下跌发生在前一交易日(2月12日)股价创出50.72元 的阶段新高后，近5日累计涨幅仍达9.36%，但短期获利盘回吐压力显现。 资金面情况 资金流向变化：2月13日主力资金净流出1564.39万元，占成交额比例达10.45%，而散户资金呈净流入态 势。融资余额虽近5日增长39.70%，但当日股价下跌伴随主力资金撤离，反映部分机构选择获利了结。 行业板块情况 行业板块调整：当日特钢Ⅱ行业指数下跌3.05%，钢铁板块整体下跌2.46%，盛德鑫泰跌幅略大于行业 均值，存在板块联动性影响。 股价情况 公司基本面 业绩承压信号：根据2025年三季报，公司前三季度归母净利润1.52亿元，同比下降21.38%，毛利率为 15.51%，同比下滑3.81个百分点。尽管第三季度净利率环比提升至8.39%，但整 ...

协议签署可能被市场解读为股东协同效应增强的积极信号。但需注意，公司融资余额近5日下降 2.34%，主力资金虽净流入1674万元，但散户资金呈净流出状态。 公司基本面 此外，公司2025年前三季度归母净利润为3152万元，市盈率（TTM）为79.71倍，估值水平需结合业绩 增长持续性综合考量。 从市场表现看，2月13日公司股价收于12.85元，单日上涨6.55%，成交额2.76亿元，换手率5.35%。近5 日（2月9日至13日）区间涨幅达10.40%，振幅13.14%。同期上证指数下跌1.26%，软件开发板块下跌 0.70%，公司股价表现显著强于大盘及行业。 资金面情况 经济观察网 根据公开信息，山大地纬（688579.SH）控股股东山东高速（600350）集团与股东山大资本 于2026年2月10日签署《一致行动人协议》，协议签署后双方合计控制公司表决权比例达29.58%。此次 权益变动不触及要约收购，且公司控股股东和实际控制人未发生变更。 股票近期走势 ...

Group 1 - The stock price of Alade (301419) has been active in the past week, rising by 5.52% with a price fluctuation of 6.42% from February 9 to 13, 2026 [1] - On February 12, the stock increased by 2.49% with a trading volume of 161 million yuan and a turnover rate of 5.63%, but experienced a slight decline of 0.11% on February 13, closing at 36.16 yuan [1] - The technical indicators show that the stock price has broken through the upper Bollinger Band, and the MACD indicator has turned positive, indicating a short-term bullish trend, although the 20-day resistance level at 36.31 yuan should be monitored [1] Group 2 - According to a report by Yasiwei on February 12, Alade's revenue for the first three quarters of 2025 reached 316 million yuan, representing a year-on-year growth of 25.11%, while the net profit attributable to shareholders was 52.24 million yuan, up by 89.00%, indicating a significant improvement in profitability [2] - The report forecasts a compound annual growth rate of net profit of approximately 35%-45% from 2025 to 2027, driven by the demand for 5G-A construction, AI computing power, and expansion in the new energy vehicle sector [2] - However, the current price-to-earnings ratio (TTM) stands at 61.60 times, suggesting that the valuation is relatively high, and a wait-and-see approach is recommended until performance aligns with valuation [2] Group 3 - On a macro level, the release of U.S. non-farm payroll data on February 11 and China's CPI data on February 13 has led to increased volatility in global markets [3] - The telecommunications sector has recently been catalyzed by the 5.5G concept, but on February 13, the overall telecommunications equipment sector declined by 1.51%, with Alade showing relative resilience [3]

近7日(2026年2月9日至13日)，盟升电子股价波动较大，区间涨跌幅为-0.24%，振幅达7.71%。2月13日 最新收盘价为44.88元，单日下跌0.73%，成交额1.26亿元；主力资金净流出842.60万元，延续近期净流 出趋势。股价短期承压，但60日内累计上涨35.44%，反映长期资金对卫星应用赛道关注度较高。 经济观察网盟升电子于2026年2月12日发布2025年全年业绩预告，预计实现营业收入5.26亿元，同比增 长277%，创历史新高；预计归属于母公司所有者的净利润为-1800万元至-1200万元，亏损同比大幅减 少。业绩改善主要受国内特种行业订单恢复执行、下游需求增加驱动，公司卫星导航和卫星通信业务订 单显著增长。尽管仍处亏损，收入高速增长和亏损收窄显示业务复苏态势。 近期事件 2026年2月13日，我国完成首次火箭芯一级箭体海上打捞回收任务，长征十号运载火箭的低空演示验证 成功，推动可重复使用技术发展，对卫星互联网、商业航天产业链形成潜在催化。盟升电子作为卫星导 航和通信设备企业，可能受益于航天产业政策与技术进步。此外，公司于2025年12月引入四川发展引领 资本作为战略投资者，持股6.25% ...