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 ...

经济观察网宏达股份（600331）公告其什邡有色金属分公司拟投资建设110kV输变电工程项目，总投资 约7143万元，旨在升级老化供电设施，提升供电稳定性与能效，降低用电成本，为后续技改和产能释放 提供支撑。同日，公司控股股东变更及定增获准信息被重申，蜀道集团作为控股股东，定增已于2025年 完成，资本结构显著优化。 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 近7天(2026年02月09日至02月13日)，宏达股份股价震荡调整，区间涨跌幅为-0.11%，振幅达9.68%。截 至02月13日收盘，股价报17.43元，单日下跌1.41%，成交金额10.61亿元；融资余额14.90亿元(02月13日 数据)。技术面显示，股价处于20日布林带上轨18.37元附近，短期面临压力。 ...

Business Progress - The company announced on February 11, 2026, that its subsidiary Tianxin Pharmaceutical and its branch Baiyunshan Pharmaceutical Factory have 24 products, including Cefuroxime Sodium for Injection, proposed for selection in the national drug procurement program. The total sales revenue for these products is projected to be 798 million yuan in 2024, accounting for 1.06% of the company's revenue, and 550 million yuan in the first three quarters of 2025, accounting for 0.89% of revenue [1]. Subsidiary Development - On February 2 and 3, 2026, subsidiaries Guangzhou Baiyunshan Qixing Pharmaceutical Co., Ltd. and Guangzhou Baiyunshan Mingxing Pharmaceutical Co., Ltd. received changes to their drug production licenses from the Guangdong Provincial Drug Administration, involving new production addresses or adjustments to production workshops aimed at improving production efficiency. However, this is expected to have no significant impact on current financials [2]. Product R&D Progress - On February 6, 2026, the company's subsidiary Guangzhou Baiyunshan Xingqun Pharmaceutical Co., Ltd. successfully passed the consistency evaluation of quality and efficacy for its Alfacalcidol Soft Capsules, which are used to treat calcium metabolism disorders [3]. Funding Movements - According to data disclosed on February 5, 2026, JPMorgan Chase increased its holdings in Baiyunshan H-shares by 360,600 shares at approximately 18.85 HKD per share on January 30, 2026, raising its ownership stake to 9.12%. Additionally, the company emphasized in its Q3 2025 report that it would continue to promote its dividend policy and capital operations, but the timing of related events should be confirmed with the latest announcements [4].

2025年1-9月，公司营业收入97.37亿元，同比增长11.52%，归母净利润16.05亿元，同比增长15.85%。 历史事件方面，公司曾于2025年11月27日召开第三季度业绩说明会，并在此前推动"人工智能联合研究 院"等合作。但当前资料未提示2026年2月14日后有新增事件安排。 以上内容基于公开资料整理，不构成投资建议。 公司近期动态主要集中于股价表现和资金流向：2月5日股价上涨2.11%至29.54元/股，主力资金净流出 450.06万元，成交额9633.21万元。 业绩经营情况 经济观察网根据截至2026年2月5日的公开信息，瀚蓝环境（600323）近期未披露即将发生的重大事件， 如业绩说明会、项目签约或政策变动等。 股票近期走势 ...

Group 1 - The stock price of Jiang Tung Equipment (600397) closed at 15.49 yuan on February 13, 2026, marking a historical high with an increase of 8.25% on that day and a cumulative rise of 40.95% over the past five days, despite the company expecting a net loss of 258 million to 308 million yuan for the full year of 2025 and having reported losses for three consecutive years from 2023 to 2025 [1] - The strong stock performance is primarily driven by expectations of a significant asset restructuring, with the company announcing plans to raise no more than 1.882 billion yuan through a targeted issuance to acquire 100% equity of Jiang Hard Company, Huamao Company, and Jiuye Company, which are projected to achieve a combined net profit of approximately 132 million yuan in 2025 [1] - The acquisition will add tungsten and tantalum-niobium product businesses, facilitating the company's transition from coal trading to a dual main business model of "magnetic separation equipment + new materials," which is viewed positively by the market regarding resource integration prospects [1] Group 2 - The trading environment is characterized by intense capital competition, with a single-day transaction volume of 2.717 billion yuan and a turnover rate of 17.62% on February 13, 2026, despite a net outflow of 408 million yuan from main funds, retail and speculative funds collectively saw a net inflow of 408 million yuan, indicating active participation from short-term speculative investors [2] - Technical indicators are strong, with the stock price breaking through all key moving averages (5-day, 20-day, and 60-day), the MACD histogram remaining positive, and the KDJ indicator's J line reaching 107.27, indicating an overbought condition, which supports short-term upward momentum [2] Group 3 - The small metals sector has recently shown active performance, with stocks like Zhangyuan Tungsten Industry (002378) hitting the daily limit, and stocks related to power grid equipment and state-owned enterprise reform being favored by investors, making Jiang Tung Equipment, as a small-cap stock with a circulating market value of 15.3 billion yuan, more susceptible to sector sentiment [3] - The company's transformation direction aligns with policy-supported areas such as high-end equipment and new materials, leading to high growth expectations from the market after shedding its loss-making coal business [3] Group 4 - Attention is needed regarding whether the targeted issuance plan can successfully pass regulatory approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, as well as the profitability stability of the acquired assets [4] - The company faces significant short-term financial risks, with a debt-to-asset ratio of 88.28% and a current ratio of 0.52 as of the third quarter of 2025, indicating substantial repayment pressure [4] - If the transformation does not meet expectations, the company may continue to experience performance losses [4]

经济观察网潞化科技（600691）(600691.SH)近期有以下值得关注的事件，基于公开信息整理： 战略推进 公司更名后聚焦氢能与智能装备领域，如子公司建成GW级电解槽生产线和CO制绿色甲醇装置。未来 技术产业化及项目落地情况值得跟踪。 股价异动原因 子公司发展 2026年2月10日，公司原控股子公司阳煤平原化工的重整计划获法院批准。潞化科技将无偿转让其持有 的51%股权，债权清偿方案需在法院裁定批准后60日内完成，这可能导致公司资产结构变化。 业绩经营情况 公司于2026年1月19-20日发布业绩预亏公告，预计2025年全年归属净利润亏损6.38亿元至8.63亿元。后 续需关注经审计的正式年报发布，以确认具体财务数据。 2025年6月，控股股东潞安化工计划增持公司股份5000万元至1亿元，增持进展可能影响市场情绪。 以上内容基于公开资料整理，不构成投资建议。 ...