板块变化情况 经济观察网厦门钨业（600549）在2026年2月13日出现逆板块下跌，主要受以下因素影响： 当日有色金属板块整体表现疲软，上证指数下跌1.26%，有色金属(代码：01801050)板块指数下跌 3.36%，钨概念(代码：02050012)板块指数下跌3.71%。在此背景下，厦门钨业作为板块成分股受到市场 情绪拖累。 资金面情况 2月13日厦门钨业主力资金净流出3.18亿元，占总成交额的8.41%，显示部分资金选择获利了结。尽管公 司近5日融资净流入3.86亿元，但短期资金博弈加剧了股价波动。 公司估值 截至2月13日，厦门钨业动态市盈率为39.76倍，虽低于行业54.91倍的中位值，但股价在前期涨幅较大 (年初至2月6日累计上涨27%)，存在技术性回调压力。 公司基本面 值得注意的是，厦门钨业2025年业绩表现强劲，营收同比增长31.37%，归母净利润增长35.08%。公司 近期拟收购九江大地矿业股权以增强资源保障，光伏钨丝全球市占率超80%，基本面向好趋势未变。 以上内容基于公开资料整理，不构成投资建议。 ...

Core Viewpoint - Ankai Bus (000868) experienced a decline in sales in January 2026, with a year-on-year decrease of 18.36% to 458 units, while production increased by 35.65% to 761 units, continuing the "increased volume but losses" trend from 2025 [1] Recent Events - On February 11, 2026, Ankai Bus announced its January 2026 production and sales figures, indicating a sales drop of 18.36% year-on-year to 458 units, despite a production increase of 35.65% to 761 units, reflecting the ongoing "increased volume but losses" situation from 2025, where the total sales for 2025 rose by 46.80% but the net profit is expected to be a loss of 50 to 60 million yuan [1] - On February 13, 2026, the State Administration for Market Regulation released the "Guidelines for Compliance with Pricing Behavior in the Automotive Industry," proposing 28 measures to regulate pricing behavior in the industry, which may impact the pricing strategies and competitive environment for Ankai Bus and other automotive companies [1] Stock Performance - As of February 13, 2026, Ankai Bus's stock price closed at 4.88 yuan, with a cumulative decline of 0.61% over the past five days and a year-to-date drop of 2.01%. During the same period, the overall automotive sector fell by 0.48%, and the commercial vehicle sector decreased by 1.32%, indicating that the company's stock performance is weaker than the industry average [1]

"烈焰二号"作为目前世界最大电循环发动机之一，完成首次试车，通过技术创新，用电动泵取代传统的 涡轮泵，打破了国际上电循环技术路线约2吨的推力上限，实现了10吨级的推力。基于中国更先进的电 池技术产业基础，星火空间还将加速迭代优化新一代电循环发动机，并以此为动力构建国内首款、全球 最大的电循环液体运载火箭"进化一号"，推动航天产业工业化，让人类进入太空文明时代。 经济观察网2月14日，合肥星火空间科技有限公司完成数千万天使+轮融资，累计融资超亿元。本轮融 资由兴泰资本领投，优势资本跟投，老股东锦沙资本继续追加投资，感谢各股东对星火空间的信任和支 持！ 本轮融资所筹资金将用于公司电循环火箭发动机、火箭产品研发、人才队伍的建设培养以及生产试验基 地建设等方面，加速推进电循环液体运载火箭技术落地。"烈焰-2号"电循环火箭发动机已完成首轮次点 火试车，试车过程中，发动机按照设计时序准确点火，点火器和推力室压、振动等参数均维持稳定，并 符合设计预期。试后检查和数据表明：总体方案合理正确，各主要组件工作性能满足总体设计性能指标 要求，试验取得圆满成功。 ...

经济观察网 泰达生物（08189.HK）近期股价逆势走弱，业务进展与市场流动性受关注。 股票近期走势 2026年2月11日，泰达生物股价近7日累计下跌11.43%，同期AI医疗板块微涨0.94%，呈现逆势走弱态 势。当日成交额仅2.77万港元，换手率0.01%，市场流动性较低。技术面显示股价已跌破多条均线， MACD等指标动能疲软，短期市场信心不足。公司总市值约6.62亿港元，属于小盘股。 公司状况 2025年12月，泰达生物在"第十四届上市公司发展年会"上获"港股最具投资潜力上市公司"荣誉，反映市 场对其AI医疗技术布局的长期期待。但需注意，该事件距今已超两个月，近期股价表现与奖项预期形 成反差。 以上内容基于公开资料整理，不构成投资建议。 业务进展情况 公司AI医疗业务仍处于研发投入期，尚未形成规模收入。2025财年中报显示净亏损642.64万元，亏损同 比扩大55.86%，主营业务收入仍依赖生物复合肥料。2025年公司曾推进多项合作，如参与组建"云创AI 医疗联盟"、投建厦门AI诊疗项目等，但商业化成效需时间验证。未来需关注AI医疗场景的落地进度及 收入贡献。 行业政策与环境 AI医疗行业政策利好频出， ...

2026年1月5日公司披露的证券变动月报显示，法定股本、已发行股份及库存股份均无变动，H股和非上 市股份数目保持稳定。公告提及一项2018年提议的股票激励计划，但近期未发行新股或转让股份。该计 划未来若实施可能对公司治理结构产生影响。 行业政策与环境 受房地产行业下行、市场竞争加剧影响，公司新接合同规模收缩。未来需关注房地产政策调整、城市更 新项目落地进度以及公司建筑材料业务(2025年中期营收微增5%但经营亏损扩大)的扭亏进展。 以上内容基于公开资料整理，不构成投资建议。 经济观察网宝业集团(02355.HK)近期值得关注的事件及经营动态如下： 业绩经营情况 公司2025年中期报告显示，营收85.03亿元，同比下降33.42%；归母净利润1.41亿元，同比下降 62.29%。主要业务中，建筑施工、房产开发业务营收分别下降34%和46%，新接工程合同金额同比减少 36%。公司表示将通过降本增效、聚焦城市更新等举措应对行业下行压力，后续业绩能否企稳需持续关 注。 公司状况 ...

机构观点机构对中国能建维持中性看法。截至2月14日，机构综合目标价为3.10元，较最新价有29.71% 上行空间；2026年预测净利润同比增长7.16%。近期机构评级以增持为主，但市场关注度一般，舆情偏 中性。 经济观察网 近期中国能建（601868）在业务拓展方面有多项进展。2月14日，公司旗下中国能源建设集 团东北电力第三工程有限公司中标邢台南和区200MW风力发电项目EPC工程总承包，投标报价约12.56 亿元，项目计划工期365天。2月11日，中国能建华南装备广东线材公司中标国家电网两项重大工程，包 括蒙西～京津冀特高压线路角钢塔5107吨等订单。2月7日，由中国能建西南院总承包的达州燃气电站二 期工程4号机组完成168小时试运行，标志四川最大天然气发电基地（总装机210万千瓦）全面建成投 产。此外，2月9日公司召开董事会会议审议组织机构调整议案，2月11日发布2024年度ESG报告，强调 碳中和路径。 以上内容基于公开资料整理，不构成投资建议。 股票近期走势截至2月13日收盘，中国能建股价报2.39元，当日下跌0.83%，成交额7.42亿元，主力资金 净流出4597.44万元。近5日股价波动较小，区 ...

股票近期走势 截至2026年2月13日，百花医药股价报9.32元/股，总市值35.84亿元。今年以来股价累计下跌23.86%，但 近5个交易日上涨1.53%。当日主力资金净流入606.96万元，换手率0.98%。公司今年以来已4次登上龙虎 榜，最近一次为1月13日。 公司状况 2025年4月，公司间接控股股东华凌工贸变为新疆国资控股企业，由新疆商物资产运营有限公司持股 51%，最终受新疆国资委监管。此变化可能影响公司长期战略。未来事件方面，公司尚未公告其他重大 事项，但投资者可留意定期财务报告(如2025年年度报告)及任何官方披露的控制权动态。 以上内容基于公开资料整理，不构成投资建议。 经济观察网基于最新公开信息，百花医药（600721）(600721.SH)近期值得关注的事件主要围绕控制权 变更和业绩表现展开。以下是关键要点： 近期事件 控制权变更事项终止：2026年1月7日，百花医药公告终止筹划控制权变更事项，公司股票同日复牌。此 次终止原因为控股股东与交易对方未达成一致意见，复牌后股价出现波动。该事项不会对公司经营产生 重大不利影响，目前业务正常。 业绩经营情况 公司2025年1-9月实现营业收入2. ...

Core Viewpoint - Binhai Energy is facing significant challenges in its operations, with projected net losses for 2025 due to various factors including small production capacity and rising costs [2] Group 1: Performance and Financial Situation - The company expects a net loss of between 69 million to 98 million yuan for 2025, primarily due to small production capacity for negative electrode materials, increased raw material costs, and high financial expenses [2] - The company has revised its earnings per share data but maintained its net profit forecast, with the formal annual report for 2025 being a key focus [2] Group 2: Subsidiary Development - In January 2026, the controlling shareholder, Xuyang Holdings, completed a capital increase of 680 million yuan for its wholly-owned subsidiary, Xiangfu New Energy, to support negative electrode projects and green electricity construction, reducing its ownership stake to 63.3% [3] - This capital operation may improve the financial structure, and the effects of subsequent integration will need to be monitored [3] Group 3: Capacity Expansion - The company plans to establish an integrated production capacity of 140,000 tons for negative electrodes by 2026, currently advancing the Ulanqab integrated project and supporting green electricity construction [4] - Silicon-carbon negative electrode materials have entered the customer sample stage, while hard carbon negative electrode research and development is ongoing, with attention needed on technological iterations and production progress [4] Group 4: Industry Chain Status - The company indicated that, subject to policy approval, it may promote the injection of assets from the controlling shareholder, Xingtai Xuyang New Energy, to enhance industry chain synergy, although this plan is still in the preliminary stage [5] Group 5: Financial and Technical Aspects - At the beginning of January 2026, there was a net outflow of main funds that narrowed, with a high turnover rate reflecting market divergence [6] - The ongoing interest in solid-state battery concepts may continue to influence short-term funding behavior [6]

Financial Performance - In the first three quarters of 2025, the total operating revenue of Cixing Co., Ltd. was 1.489 billion yuan, a year-on-year decrease of 16.54% [2] - The net profit attributable to the parent company was 122 million yuan, down 60.71% year-on-year [2] - The gross profit margin was 31.10%, and the net profit margin was 8.15%, but the operating cash flow per share was negative, indicating short-term operational pressure [2] Stock Performance - In February 2026, Cixing's stock price experienced significant fluctuations, with a drop of 2.06% on February 5 and a net outflow of 8.4664 million yuan in main funds [3] - On February 9, the stock price rose by 2.23%, closing at 7.35 yuan per share, with a net inflow of 3.4220 million yuan in main funds, bringing the total market value to approximately 5.884 billion yuan [3] - Year-to-date, the stock price has increased by 3.96%, but there has been a decline of 4.30% over the past 60 days, indicating mixed market sentiment [3] Recent Events - In May 2025, Cixing announced plans to acquire the defense technology company Shenyang Shunyi Technology Co., Ltd., but the transaction was terminated in August 2025 [4] - In January 2026, Beifang Changlong announced plans to cash purchase 51% of Shunyi Technology, mentioning that Cixing might participate, but the transaction is still in the intention stage and specific terms are pending negotiation [4] Company Status - In December 2025, the company showcased new technology products, such as upgraded computer flat knitting machines, at the Shanghai International Textile Industry Exhibition, aiming to expand into non-apparel application scenarios [5] - The company faces risks related to high accounts receivable and cash flow pressure, with accounts receivable accounting for 86.93% of the net profit attributable to the parent company as of the third quarter report [5]

Core Viewpoint - The stock price of Jishi Media (601929) experienced significant fluctuations in the past week, indicating increased market activity and potential volatility in the near term [1] Price Movement - On February 10, the stock price surged by 7.11% to close at 4.22 yuan, with a trading volume of 2.047 billion yuan and a turnover rate of 14.51%, reflecting heightened short-term market activity [1] - The stock price retraced to 3.76 yuan by February 13, marking a single-day decline of 2.34%, with a cumulative increase of only 1.35% over the past five days [1] - Technical analysis suggests the stock is currently in a consolidation phase, with a 20-day moving average resistance at approximately 3.85 yuan and a support level near the lower Bollinger Band at 3.57 yuan [1] Trading Volume - Trading volume peaked at 3.3389 million hands on February 11 but has since decreased to 1.173 million hands as of February 5, indicating a prevailing market sentiment of caution [1] Institutional Insights - Technical analysis indicates a potential short-term reversal signal with a doji candlestick pattern observed on February 5, necessitating attention to the breakout direction within the 3.65-3.85 yuan range [2] - The MACD indicator shows a weakening downward momentum, while the RSI is in a weak zone at 39.2, suggesting that any rebound will require accompanying trading volume [2] - Institutional views highlight that the company's fundamentals remain under pressure, with a projected loss of 364 million to 455 million yuan for 2025; however, growth in government enterprise business, with a January contract win of 269 million yuan (up 440.96% year-on-year), may support long-term transformation [2]