经济观察网基于最新公开信息，大商股份（600694）近期有以下值得关注的事件动态，主要涉及公司治 理、战略规划及资本市场举措。以下内容整理自截至2026年2月的公开资料，具体事件进展请以公司官 方公告为准。 资金走向 2025年12月下旬，主力资金呈现净流出态势，反映市场对短期股价的谨慎态度。资金波动受管理层调 整、行业竞争及消费环境等多因素影响，需结合后续业绩数据观察。 机构观点 券商机构如中金公司（601995）曾于2025年12月下调公司盈利预测，但维持"跑赢行业"评级。需注意， 盈利预期可能随转型进展而动态变化，且受行业竞争和消费复苏节奏制约。 2025年12月，公司完成了董事长及总经理的变更，新任高管团队平均年龄不足48岁，多为内部提拔，旨 在通过机制变革提升经营效率。此次调整标志着领导集体迭代，可能影响未来战略执行。 公司项目推进 公司已公告授权启动H股上市筹备，目标对接国际资本市场。该事项尚需履行相关审议和监管程序，存 在不确定性，但若顺利推进，可能提升公司国际化形象和融资能力。 战略推进 公司计划通过商业空间升级(如策展型艺术与沉浸式微景观)、孵化主理人品牌及AI优化库存管理等措 施，破解同质 ...

公司状况 经济观察网东方通信（600776）2025年业绩预告显示净利润大幅预增，同时公司拟转让参股公司股权。 业绩经营情况 公司已于2026年1月29日发布业绩预告，预计2025年归属于母公司所有者的净利润约为3.6亿元，同比增 长138.5%左右，但扣非净利润仍为负值。正式经审计的年报将披露详细财务数据，需关注其最终披露 时间。 公司于2026年2月2日召开董事会会议，审议了《关于挂牌转让参股公司启迪东信股权的议案》，后续转 让进展可能对资产结构产生影响。 以上内容基于公开资料整理，不构成投资建议。 ...

未来值得关注的事件包括2025年年度报告的正式发布(通常在一季度末)、行业政策如"反内卷"和"双 碳"目标的深化影响，以及2026年水泥行业供需格局优化可能带来的盈利修复机会。 经济观察网根据公开信息，天山股份（000877）(股票代码：000877)近期已发布2025年度业绩预告，预 计归母净利润亏损600,000万元至750,000万元，扣非净利润亏损700,000万元至850,000万元，公司正持续 推进精细化管理和绿色转型以应对行业压力。 业绩经营情况 此外，公司股价近期出现波动，如2026年2月11日上涨2.06%至5.46元/股，主力资金净流入240.69万元。 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 ...

Stock Performance - As of February 11, 2026, the stock price of Feiwo Tai closed at 20.88 CNY per share, with a market capitalization of approximately 7.035 billion CNY [2] - The stock has seen a cumulative decline of 6.51% over the last five trading days, but has increased by 2.69% over the past 20 days [2] - On the same day, there was a net inflow of 176,000 CNY in main funds, marking the second consecutive day of net inflow [2] Business Development - Feiwo Tai's nano-film products have entered the supply chains of AI glasses and smartwatches, becoming suppliers for major companies like Huawei, Xiaomi, and Apple [3] - The company's nano-protection technology is applied in medical devices such as endoscopes and ultrasonic knives, having passed ISO13485 quality management certification [3] - The company is actively cooperating with other clients for sample verification, with future demand expected to rise alongside growth in the medical device market [3] - Feiwo Tai has expanded its international presence with subsidiaries in Hong Kong, the USA, and Vietnam, and is continuing to explore markets in India, Malaysia, and Pakistan [3] Financial Performance - For the first three quarters of 2025, Feiwo Tai reported a revenue of 367 million CNY, representing a year-on-year growth of 6.00% [4] - The net profit attributable to shareholders was 28.9777 million CNY, reflecting a year-on-year increase of 6.45% [4] - The basic earnings per share stood at 0.09 CNY, with the number of shareholders decreasing by 8.60%, indicating an increase in share concentration [4] Future Outlook - The annual report for 2025 is expected to be released in the first half of 2026, and investors should monitor the performance realization [5] - Future business catalysts include verification results from medical device clients, progress on new orders, and policies in the electronic chemicals industry, such as semiconductor localization [5]

这一危害认定被视为美国政府监管温室气体排放、推动电动车发展及应对气候变化的重要法律基础。纽 森说，美国联邦政府撤销这一科学认定，相当于给美国汽车业未来的发展"判了死刑"。 经济观察网 据央视新闻，2月13日，第62届慕尼黑安全会议首日，在一场涉及气候变化问题的分组讨论 中，美国加利福尼亚州州长、民主党人纽森指出，清洁能源、绿色发展是大势所趋，关乎经济繁荣与竞 争力提升。纽森说，中国坚持绿色发展，他非常钦佩这一点。可相比之下，美国却在"开倒车"——当地 时间2月12日，美国总统特朗普宣布撤销美国环境保护署2009年发表的一项研究报告中的科学认定， 即"温室气体排放危害公众健康和福祉"。 ...

Group 1 - The stock price of ST JIAWO has shown an upward trend, closing at 13.71 yuan on February 13, 2026, with a cumulative increase of 9.07% over the past five days, outperforming the market and industry averages [1] - On February 9, there was a net inflow of 564,200 yuan from main funds, indicating increased short-term investor interest [1] - The technical analysis indicates that the stock price has broken through the 20-day moving average, with the upper Bollinger Band resistance level around 13.87 yuan, which requires monitoring for effective breakthrough [1] Group 2 - On February 10, an investor inquired about the progress of ST JIAWO's delisting risk warning removal, to which the company secretary responded that the 2025 annual report will be released on March 16, 2026, detailing the development strategy [2] - The response from the company involves potential conditions for the removal of the delisting risk warning, but no specific timeline was provided, leading to market focus on whether the annual report can achieve key indicators for net asset turnaround [2]

Core Viewpoint - Hebei Construction experienced significant stock price fluctuations in February 2026, driven by technical rebounds, sector sentiment, and undervaluation recovery, while facing challenges such as declining performance and related party risks [1] Stock Performance - On February 13, 2026, Hebei Construction's stock price fell by 3.85% to close at 0.38 HKD, with a trading volume of 27,385 HKD and a turnover rate of 0.02%. On February 11, the stock had surged by 4.00%, reaching a peak of 0.43 HKD, with a volatility of 13.33% and a trading volume of 42,205 HKD. Over the last five trading days, the cumulative increase was 2.74%, but it had declined by 1.32% year-to-date, indicating significant volatility [2] Technical and Financial Indicators - As of February 13, the MACD divergence was 0.0, with a signal line at -0.003 and a histogram at 0.006, indicating weak but improving short-term momentum. The Bollinger Bands showed an upper band at 0.386 HKD, a middle band at 0.37 HKD, and a lower band at 0.353 HKD, with the current stock price near the middle band. The KDJ indicator showed K at 49.079, D at 55.39, and J at 36.457, indicating a relatively balanced zone. The stock price experienced a technical rebound after breaking through the 5-day moving average of 0.373 HKD on February 11 [3] Sector Performance - On February 11, the Hong Kong construction sector rose by 1.15%, with the Hang Seng Index increasing by 0.41%, reflecting sector-wide sentiment. Expectations of improved regulatory oversight on real estate pre-sale funds, along with supportive infrastructure investment policies, bolstered sentiment in the construction sector. However, on February 13, the sector fell by 1.44%, mirroring the broader market decline of 1.72%, with Hebei Construction's performance aligning with sector trends [4] Operational Performance - According to the mid-2025 report, the company achieved revenue of 7.908 billion RMB, a year-on-year decline of 28.21%, and a net profit attributable to shareholders of 105 million RMB, down 17.56%. The construction contracting business generated 7.616 billion RMB, accounting for 96.31% of total revenue, with building construction revenue at 4.744 billion RMB (60%) and infrastructure construction revenue at 2.218 billion RMB (28.05%). The net cash flow from operating activities was -761 million RMB, an improvement from -1.729 billion RMB in the same period last year, but still negative [5] Company Valuation - The current price-to-earnings ratio (TTM) is only 4.06 times, and the price-to-book ratio is 0.10 times, both at historical lows. Some investors may speculate on a rebound from the oversold condition, but there are concerns regarding related party risks. A report from Baoding Bank in 2025 indicated that two subsidiaries of Hebei Construction Group became defendants in a case involving 320 million RMB in loans, highlighting issues with the company's related party funding chain and risk control [6]

公司2025年三季报显示，归母净利润为-1.13亿元，虽亏损同比收窄，但主营业务仍未扭亏。经营活动 现金流净额为-3.57亿元，反映主营业务造血能力不足。此外，公司预计2025年全年归属净利润亏损约 5.2亿元，主要受房地产销售收入下降及计提资产减值影响。 行业与风险分析 2025年第三季度公司仅销售8套住宅，销售金额1492.37万元，去化压力显著。行业层面，房地产板块整 体承压，而公司负债率达58.23%，财务费用高达8652.99万元，偿债压力较大。 经济观察网西藏城投（600773）(600773.SH)近期股价出现逆势调整，主要受以下因素影响： 业绩经营情况 未来发展 公司虽布局盐湖提锂等新业务，但该业务仍处培育期，短期难对业绩形成支撑。2025年11月公司拟斥资 12亿元收购连年亏损的酒店及商业地产公司，市场对其转型效果存疑。 以上内容基于公开资料整理，不构成投资建议。 资金面与技术面 2月13日主力资金净流出704.65万元，近5日累计净流出规模扩大。技术面上，股价跌破所有关键均线， MACD柱状图持续为负，KDJ指标显示超卖，短期卖压明显。 ...

2026年2月9日，国家组织药品集采接续采购开标，涉及316种化学药品，覆盖抗感染、抗肿瘤等重点领 域，中选结果预计3月底落地。作为医药生物板块企业，汉商集团主营业务包含化药制剂(占比 47.74%)，该事件可能对行业定价及销售预期带来影响。公司近期异动分析显示，其业务布局延伸至物 业管理、民营医院、医药电商及辅助生殖领域，但相关公告多为历史事件(如2024年8月重大资产重组计 划)，近期无新增重大动态。 经济观察网汉商集团（600774）近7天(2026年2月9日至13日)股价波动较为平缓，区间涨跌幅 为-0.10%，振幅达4.68%。最新交易日2026年2月13日收盘价为9.82元，单日上涨0.51%，成交金额 5165.48万元，换手率1.78%。资金面上，当日主力资金净流出438.23万元，连续多日呈现净流出态势， 反映短期资金参与度较低。 近期事件 财报分析 以上内容基于公开资料整理，不构成投资建议。 机构对汉商集团关注度较低，最新舆情偏中性，无近期调研记录。机构评级中性占比100%，未给出明 确目标价或盈利预测调整，显示市场对其短期预期较为平淡(基于内部数据库整合)。 根据2025年三季报数据，汉 ...

最近业绩情况 经济观察网 根据公开信息和市场数据，天通股份（600330）（代码：600330）在2026年2月13日股价下 跌7.67%，收盘价为16.62元，当日电子化学品Ⅱ板块下跌0.98%，光伏概念板块下跌1.34%。此次股价表 现主要受以下因素影响： 股价情况 股价在2月10日创出阶段新高18.65元后，2月13日开盘即低开低走，收盘价16.62元跌破5日均线（17.20 元），但仍高于20日均线（14.57元）。KDJ指标中J值为61.71，处于相对高位，MACD柱状线为0.531， 显示短期调整压力。当日振幅10.00%，换手率11.46%，成交金额24.08亿元，量比0.85，成交活跃度较 前一日下降。 截至2月13日，公司市盈率（TTM）为939.11倍，远高于行业平均水平。机构综合目标价12.37元，较当 前价存在折价，反映市场对业绩承压下的估值修正预期。 综上，天通股份2月13日的股价表现是技术面回调、业绩预亏、资金分歧及行业基本面共同作用的结 果。投资者可关注公司压电晶体业务进展及2025年年报披露情况。 公司于2026年1月20日发布2025年业绩预亏公告，预计归母净利润为-1.2亿 ...