经济观察网2026年2月13日，汤臣倍健（300146）在健康养生领域推出创新产品"智能药盒"，该产品已 接入阿里健康平台，可实现缺药自动触发配送订单功能，这是公司近期在数字化健康管理方面的动态。 股票近期走势 近7天(2026年2月9日至13日)，汤臣倍健股价震荡下行，截至2月13日最新价报12.17元，区间累计跌幅 1.14%。资金流向方面，2月11日主力资金净流出2089.56万元，但融资余额保持活跃，2月12日数据显示 融资余额为7.94亿元。同期成交额逐步收缩，2月13日成交额降至9909万元，显示出短期市场情绪偏谨 慎。 以上内容基于公开资料整理，不构成投资建议。 ...

Group 1: Executive Changes - The company director, Jia Muyun, resigned due to being listed as a dishonest executor and will no longer hold any position in the company or its subsidiaries after his resignation [2] Group 2: Performance and Financial Situation - The company expects a net loss attributable to shareholders of 300 million to 360 million yuan for the year 2025, which is similar to the 341 million yuan loss in 2024. The loss is primarily due to intensified market competition, lower-than-expected vehicle production and sales, and credit impairment and asset impairment losses totaling approximately 50 million yuan [3] - Jia Muyun's 3.606 million shares are subject to forced execution by the court due to private lending disputes, with the execution method being centralized bidding, and the timing remains uncertain [3] Group 3: Company Status and Stock Performance - As of December 25, 2025, 79 incentive targets can unlock 1.908 million shares from the 2024 restricted stock incentive plan, but due to unmet performance targets, these shares will be voluntarily locked until May 29, 2026 [4] - As of February 12, 2026, the company's stock closed at 3.38 yuan, with a market capitalization of approximately 2.3 billion yuan. The stock price has experienced significant fluctuations since late December 2025, reaching a high of 3.43 yuan and a low of 3.25 yuan [5] Group 4: Business Development - The company continues to advance in the new energy sector, including collaborations on alcohol-hydrogen electric commercial vehicles and hydrogen energy bus access, but overall performance remains under pressure [6]

Core Viewpoint - The company Longzhou Co., Ltd. faces significant legal challenges, including a recent court ruling requiring its subsidiary to compensate for operational losses due to battery failures, totaling 51.83 million yuan, alongside an additional lawsuit involving 105 million yuan [1] Legal Issues - The company has accumulated a total of approximately 222 million yuan in lawsuits over the past 12 months, which represents 19.12% of its latest net asset value [1] - The recent court ruling mandates the company to continue fulfilling warranty obligations [1] Financial Performance - For the first three quarters of 2025, the company's operating revenue was 1.825 billion yuan, reflecting a year-on-year decline of 26.61% [1] - The net profit attributable to shareholders showed a loss of 95.6357 million yuan, a year-on-year decrease of 32.45% [1] - The company anticipates a full-year net profit loss ranging from 390 million to 550 million yuan for 2025, indicating an increase in losses by 11.92% to 57.84% year-on-year [1] Market Sentiment - Recent stock performance has shown significant volatility, with a cumulative decline of 3.04% over the past five days [1] - In the last three days, there has been a net outflow of 59.1432 million yuan from major investors [1] - The transportation and logistics sector, to which the company belongs, has underperformed compared to the broader market [1] Institutional Perspective - Current institutional ratings are generally neutral, with no major research updates recently [1] - Previous reports have highlighted the company's exposure to litigation risks and challenges related to its transformation [1]

Recent Events - The company announced that its real estate in Chaoyang District, Beijing, was frozen by the People's Court of Gongshu District, Hangzhou, due to a financing lease contract dispute with Zhejiang Zhiyin Financial Leasing Co., Ltd. The company stated that operations are normal, but there is a risk of judicial disposal if the court takes further action [2] Performance and Operating Conditions - The company expects a net loss attributable to shareholders of 740 million to 1.1 billion yuan for 2025, a significant increase in losses compared to the same period last year, primarily due to impairment of the PBAT integration project under construction, estimated at 800 million to 1 billion yuan, and financing interest expenses [3] Financial Status - The company and its subsidiaries have a total actual guarantee balance of 1.643 billion yuan, with overdue guarantees amounting to 295.79 million yuan, and litigation guarantee amounts of 302.80 million yuan. The company is facing multiple financing lease contract disputes, including one with Changjiang United Financial Leasing, requiring payment of rent and related fees [4] Violation of Disclosure - The company is facing investor claims due to violations of information disclosure. Jiangsu Shengheng Law Firm indicated that investors who purchased and held shares between September 1, 2023, and January 29, 2024, can register for claims [5] Shareholder Pledged Shares - The company announced that 6.15 million shares held by controlling shareholder Zhang Yunsheng were judicially frozen, accounting for 1.53% of the total share capital. Additionally, 6 million shares will be auctioned on February 9, 2026, representing 1.49% of the total share capital, due to a financing lease default guarantee by a subsidiary [6]

经观汽车 2月13日，最高人民法院首次发布道路交通安全刑事专题指导性案例。明确激活辅助驾驶功能情形下驾 驶人的刑事责任认定规则：车载辅助驾驶系统不能代替驾驶人成为驾驶主体，驾驶人激活车载辅助驾驶 功能后，仍是实际执行驾驶任务的人，负有确保行车安全的责任。 行为人激活辅助驾驶功能，并利用私自安装的配件逃避辅助驾驶系统监测的，即使其不在主驾驶位实际 操控机动车，仍应作为驾驶主体承担相应法律责任。 王某群所驾汽车安装的正是2级辅助驾驶系统，所以他仍然是负责执行驾驶任务的驾驶人，他利用非法 配件逃避辅助驾驶系统监测，并从主驾驶位移至副驾驶位、双手脱离方向盘并睡觉的行为，在性质上属 于违规驾驶，不能以此否认其驾驶人的身份和责任。 法院最终判决被告人王某群犯危险驾驶罪，判处拘役一个月十五日，并处罚金4000元。判决生效后，最 高人民法院将其作为指导性案例向全国发布。 2025年9月13日凌晨，浙江杭州的王某群在饮酒后先自行驾车回家。约1小时后，他再次启动车辆，激活 车载2级辅助驾驶系统，设置目的地，并使用私自网购的"智驾神器"配件——一种可模拟手握方向盘状 态的装置，欺骗系统不再发出接管提示。随后，他直接从主驾移至副驾驶 ...

近7个交易日，福安药业股价震荡下行，累计跌幅1.12%，区间振幅4.20%。截至2月13日收盘，股价报 4.40元，当日持平，换手率0.50%，成交金额2135万元；主力资金呈净流出态势，2月12日单日净流出 1301.04万元，占成交额20.43%。技术面上，股价目前位于20日布林带下轨附近，MACD指标显示短期 趋势偏弱。同期医药生物板块下跌0.32%，公司股价表现略弱于行业平均水平。 经济观察网福安药业（300194）子公司共计28个药品品种在国家组织集采药品协议期满品种接续采购中 拟中选，涉及右美托咪定、阿哌沙班、喹硫平等品种，涵盖抗感染、精神类、麻醉类等领域。这些产品 2024年度合计销售额约6.80亿元，占公司营收28.43%；2025年前三季度合计销售额约3.29亿元，占营收 25.05%，采购周期至2028年12月31日。此次接续采购有助于稳定公司集采基本盘，但需关注价格下降 对毛利率的潜在压力。 股票近期走势 以上内容基于公开资料整理，不构成投资建议。 ...

战略推进 在2025年12月终止收购黄埔大酒店重大资产重组后，公司于投资者说明会强调将继续围绕"旅游+商 贸"双主业布局，深耕存量业务并寻求增量机会，未来可能涉及文旅产业链拓展。 经济观察网南京商旅（600250）(600250.SH)近期多项动态值得关注，包括关联交易计划通过、战略持 续布局及控股股东重组完成。 关联交易情况 公司于2025年12月30日召开临时股东会，审议通过了2026年度日常关联交易预计额度议案，该计划将在 2026年内执行。 2025年11月控股股东南京旅游集团重组为南京文旅集团，已完成工商变更。尽管目前无其他资产注入计 划，但股东结构变化可能影响长期战略协同。此外，公司2025年全年业绩已于2026年1月19日预告净利 润同比下降，后续需关注定期报告披露及行业政策动态。 以上内容基于公开资料整理，不构成投资建议。 公司状况 ...

机构观点机构对中公教育关注度一般，最新综合目标价为1.50元，较当前股价存在负上涨空间；评级以 中性为主，2025年预测净利润同比下滑72.51%，但2026年预计盈利大幅改善。政策层面，AI赋能教育 行业趋势可能带来长期机遇，但公司具体业务影响尚待观察。 股票近期走势近7日股价呈现震荡走势：2月10日股价上涨2.43%至2.95元，主力资金净流入7933.08万 元；2月12日出现3笔大宗交易，机构净买入914.92万元，成交均价2.57元。但2月13日股价下跌2.13%至 2.76元，成交额4.44亿元，换手率3.12%；近5日融资余额小幅下降0.06亿元，整体资金面波动明显。 经济观察网 2026年2月11日，中公教育（002607）公告任命王磊为副董事长，全面负责债务化解工作， 旨在通过市场化方案优化财务结构，降低有息负债规模，为公司经营风险缓释提供支持。2026年2月5 日，股东王振东减持股份至4.99%，不再为公司持股5%以上股东，但公司控制权未发生变化。 ...

近7个交易日(2026年2月6日至13日)，浙江美大股价从2月6日收盘价9.55元波动至2月13日最新价8.99 元，区间跌幅约5.86%。期间成交量显著，2月9日换手率达3.59%，单日成交额1.79亿元；2月13日换手 率为0.64%，成交金额3066万元。技术面显示股价处于震荡行情，20日布林带压力位9.72元，支撑位 8.67元。 以上内容基于公开资料整理，不构成投资建议。 经济观察网截至2026年2月10日，浙江美大（002677）股东户数为4.95万户，较1月30日减少1.69%，户 均持股数量上升至1.31万股。2月12日主力资金净流入102.49万元，游资资金净流入174.82万元，散户资 金净流出277.31万元。 股票近期走势 ...

Group 1 - The communication industry is experiencing significant activity, which may indirectly impact Zhongjing Electronics (002579) as a PCB supplier. Recent trends in AI hardware demand and supply shortages in the optical fiber and cable sector are expected to boost PCB demand, as PCBs are fundamental components for optical modules and communication devices [1] - The stock price of Zhongjing Electronics has shown volatility over the past week, with a maximum price of 11.90 yuan on February 10 and a minimum of 11.30 yuan on February 6, resulting in a price fluctuation of 17.97%. As of February 13, the closing price was 11.64 yuan, reflecting a 1.57% increase over five days but a 6.43% decline over twenty days, underperforming the market [2] - Brokerage firms maintain a positive outlook on related industry trends but caution about valuation risks. Reports indicate that the optical fiber and cable industry has a high short-term success rate due to AI demand affecting traditional capacity. However, PCB companies like Zhongjing Electronics need to penetrate high-end products and control costs to achieve performance elasticity [3] Group 2 - The optical fiber demand in global data centers has increased by 75.9% year-on-year, with high-end products like hollow-core fibers seeing accelerated industrialization. This surge in demand is expected to lead to a sustained increase in prices [1] - The trading volume for Zhongjing Electronics peaked at 240 million yuan on February 10, with a turnover rate of 3.49%, indicating a recent high in trading activity. However, the latest turnover rate has decreased to 1.89%, suggesting a decline in trading activity [2] - The expansion cycle for upstream optical fiber preform rods is projected to last 2-3 years, reinforcing supply rigidity and the sustainability of price increases. The PCB sector's price-to-book ratio is currently at historical highs, necessitating fundamental support for valuation [3]