长江商报消息●长江商报记者 沈右荣 推进"1238"战略，东阿阿胶（000423.SZ）大手笔投资建设。 2月10日晚，东阿阿胶发布公告，公司拟以14.85亿元的自有资金投资建设健康消费品产业园项目。此 举，是为了落地"1238"发展战略，有效支撑健康消费品业务高质量发展。 东阿阿胶正在构建健全药品+健康消费品双轮驱动业务增长模式，在药品基础上拓展健康消费品业务， 培育第二增长曲线。 东阿阿胶现金流充足，足以保障公司资本开支。截至2025年9月末，在有息负债为零的情况下，公司货 币资金加上交易性金融资产（主要为理财产品）达83亿元左右。 近几年，东阿阿胶的经营业绩持续增长。2020年至2024年，公司营收净利持续双增；2025年前三季度， 公司延续了双增发展势头，归母净利润达12.74亿元，创了同期历史新高。 东阿阿胶积极回报股东。2020年至2024年，公司年度分红率均超过90%，累计分红40.81亿元，占当期 归母净利润39.71亿元的102.77%。 落地"1238"战略建产业园 落地"1238"战略，东阿阿胶正在筹划建设健康消费品产业园。 根据公告，2月9日，东阿阿胶召开董事会会议，审议通过了《关于投 ...

Core Viewpoint - Long Magnetic Technology (龙磁科技) is accelerating its expansion and upgrading efforts by planning to raise up to 760 million yuan through a private placement of shares to fund various projects, including the second phase of its Vietnam facility and a chip inductor manufacturing project [1][2]. Group 1: Fundraising and Project Details - The company plans to issue no more than 35 million shares, accounting for up to 30% of its total share capital before the issuance, with the funds primarily allocated to three major projects [2]. - The "Vietnam Long Magnetic Phase II Project" has a total investment of 358 million yuan, with 310 million yuan expected to be funded from the raised capital, aiming to establish a production capacity of 10,000 tons of permanent magnet ferrite wet-pressed magnetic tiles and 25,000 tons of pre-burned materials [2]. - The "Chip Inductor Manufacturing Project" has a total investment of 336 million yuan, with 250 million yuan planned to be funded from the raised capital, focusing on high-performance chip inductors for AI servers, high-end chips, and new energy vehicles [3]. Group 2: Financial Performance and Projections - From 2020 to 2024, the company's revenue is projected to grow from 559 million yuan to 1.17 billion yuan, with a net profit attributable to shareholders increasing from 68.22 million yuan to 111 million yuan, reflecting a growth rate of 109.3% and 62.71% respectively [4]. - For 2025, the company anticipates a net profit of 155 million to 200 million yuan, representing a year-on-year growth of 39.57% to 80.09%, driven by increased sales of magnetic materials and improved product structure [5]. Group 3: Research and Development - The company has invested a total of 270 million yuan in R&D from 2021 to the third quarter of 2025, with a team of over 200 researchers and more than 200 patents [6]. - The company has established a leading technological position in the permanent magnet ferrite sector, with its self-developed high-performance magnetic tiles meeting stringent automotive motor quality requirements [6].

时隔5年，汉马科技（600375）(600375.SH)大股东作出的避免同业竞争承诺仍未兑现，且将延期。 2月10日晚，吉利商用车板块上市公司汉马科技发布公告，近日，公司收到公司控股股东浙江远程新能 源商用车集团有限公司(以下简称"远程商用车")及实际控制人李书福出具的函件，将解决与汉马科技同 业竞争的承诺延期3年至2029年。 2021年，远程商用车入主汉马科技时曾承诺，远程商用车及实际控制人实际控制的与汉马科技存在一定 重合的重卡业务，将适时注入上市公司。但截至目前，相关资产尚未实现盈利。 汉马科技盈利承压。2020年至2024年，公司实现的扣非净利润出现了连续5年亏损。 根据业绩预告，2025年，公司预计实现扣非净利润为-6600万元左右，虽然依旧亏损，但较2024年减亏 逾10亿元。公司解释，产品销量增加、收入增长、毛利率上升，对公司整体利润表现产生了积极影响。 汉马科技积极动作。2月10日晚，公司还公告，拟以4.85亿元出售亏损资产，以盘活闲置资产。 避免同业竞争承诺久拖未决 5年承诺期满，汉马科技大股东做出的避免同业竞争承诺尚未履行。 2月10日晚，汉马科技发布公告，近日，公司收到控股股东远程商用 ...

Core Viewpoint - The company, Inovance Technology, is expected to achieve significant revenue and profit growth in 2025, driven by its strong performance in the industrial automation and new energy vehicle sectors, alongside effective cost management [1][2]. Business Performance - Inovance Technology forecasts a revenue of approximately CNY 429.68 billion to CNY 466.72 billion for 2025, representing a year-on-year growth of 16% to 26%. The expected net profit attributable to shareholders is between CNY 49.71 billion and CNY 54 billion, also reflecting a growth of 16% to 26% [1][2]. - The company has shown a clear growth trajectory from 2013 to 2024, with revenue increasing from CNY 1.726 billion to CNY 37.04 billion, and net profit rising from CNY 560 million to CNY 4.285 billion, marking over a 20-fold and 6.6-fold increase respectively [2]. Business Segments - The growth is attributed to three main business areas: 1. The new energy vehicle sector, which has seen a significant increase in revenue from core products such as electric drives and controls due to concentrated model releases from downstream clients [2]. 2. The general automation business, benefiting from a structural recovery in manufacturing and accelerated domestic substitution, leading to stable revenue growth from solutions like inverters and control systems [2]. 3. The smart elevator business, which has maintained steady revenue growth through global customer engagement and aftermarket services [2]. Research and Development - The company has consistently invested in R&D, with cumulative R&D expenses reaching CNY 12.679 billion from 2021 to the third quarter of 2025, and the R&D expense ratio increasing to 9.46% [1][3]. - As of mid-2025, Inovance Technology has 6,118 R&D personnel and has obtained 3,128 patents and software copyrights, reinforcing its competitive edge in industrial automation and new energy vehicles [3]. Global Expansion - Inovance Technology is accelerating its globalization strategy by planning to issue H-shares and list on the Hong Kong Stock Exchange, with preparations already underway [4]. - The company has reported significant growth in overseas revenue, particularly in 2023, with a year-on-year increase of 96.52%. From 2021 to 2024, overseas revenue grew from CNY 617 million to CNY 2.039 billion [5]. - The company aims to enhance its presence in key markets such as Europe, Southeast Asia, and Japan, focusing on improving its overseas marketing and service networks to increase the proportion of international revenue [5].

Core Viewpoint - The completion of the restructuring has led to an increase in the performance of Huaihe Energy, with a projected net profit for 2025 showing significant growth compared to previous years [1][2]. Financial Performance - Huaihe Energy expects a net profit attributable to shareholders of 1.684 billion to 1.784 billion yuan for 2025, representing a year-on-year growth of 96.31% to 107.97%, but a slight decrease of 0.5% to 6.08% compared to the previous year [1][2]. - Following the acquisition of the power group, the company's total assets are projected to reach 47.724 billion yuan, marking a 102.96% increase from pre-restructuring levels [4]. Restructuring Details - The acquisition of 89.30% of the Huaihe Energy Power Group was completed in December 2025, resolving issues of competition within the same industry [2][3]. - The restructuring is expected to enhance the quality of assets and strengthen the main business by consolidating operations with the power group, which is also a thermal power enterprise [3]. Business Operations - The main business activities of Huaihe Energy include thermal power generation, electricity sales, railway transportation, and coal blending [1][3]. - As of September 2025, the company had a total installed capacity of 3.24 million kilowatts [1][6]. Production Metrics - In the first nine months of 2025, Huaihe Energy generated 12.375 billion kWh of electricity, a decrease of 9.63% year-on-year, with a corresponding drop in grid electricity output [7]. - The average utilization hours of thermal power units were reported at 3,525.57 hours, down 375.72 hours from the previous year, primarily due to increased competition from renewable energy sources and the shutdown of the Pan San Power Plant [7].

长江商报消息 ●长江商报记者 黄聪 当前，汽车产业进入市场重构、格局重塑的新阶段，机遇与挑战并存。逆势中，东风汽车集团销量强势猛涨。 近日，东风集团股份（00489.HK）发布的公告显示，2026年1月，公司销售汽车13.88万辆，同比增长18.8%。其 中，新能源汽车销量3.88万辆，同比增长89.7%。 同时，东风集团股份公告显示，公司母公司东风汽车集团1月销售汽车18.53万辆，同比增长29.3%。公司附属公司 东风汽车1月销售汽车1.11万辆，同比增长31.6%。 同时，东风集团股份公告显示，公司母公司东风汽车集团1月销售汽车18.53万辆，同比增长29.3%。公司附属公司 东风汽车1月销售汽车1.11万辆，同比增长31.6%。 值得注意的是，东风系车企1月销量几乎全面"飘红"。 1月，岚图汽车销量达1.05万辆，同比增长31.3%。公司以介绍方式赴港上市已获中国证监会备案。 2026年，岚图汽车计划推出四款搭载L3级智能驾驶硬件的新产品，覆盖SUV、FUV、MPV品类。 奕派科技1月销量达2.13万辆，同比大幅增长145.3%。年内，公司旗下东风奕派与东风风神品牌计划投放5款全新 车型。 据了解，东 ...

Core Viewpoint - Hite Bio plans to acquire a 23.08% stake in Beijing Shadong Biotechnology Co., Ltd. for 62.019 million yuan, increasing its ownership to 98.84%, nearly achieving full control over the company and paving the way for the commercialization of its core drug candidate CPT [2][4]. Group 1: Acquisition Details - The acquisition process began in December 2014 with a signed equity acquisition agreement involving multiple stakeholders [3]. - Hite Bio's gradual increase in stake included cash rewards and management of unexercised incentive shares to optimize Beijing Shadong's equity structure [3]. - By April 2024, Hite Bio's stake reached 75.76% through significant share acquisitions, leading to the current acquisition announcement [4]. Group 2: Strategic Importance - The primary motivation for Hite Bio's investment in Beijing Shadong is the core asset, the innovative drug CPT, which is a recombinant biologic for tumor treatment [5]. - Controlling Beijing Shadong allows Hite Bio to directly manage a valuable drug development pipeline, supporting its transition to an innovation-driven biopharmaceutical company [5]. - The acquisition will enable better resource integration and decision-making processes, preparing for CPT's clinical trials and commercialization [5]. Group 3: Future Implications - Successful approval and commercialization of CPT could significantly enhance Hite Bio's revenue and market position in the oncology sector [5]. - Full consolidation of Beijing Shadong into Hite Bio's financial statements will facilitate future planning and value maximization for the drug in global markets [5].

长江商报消息 ●长江商报记者 徐阳 运机集团（001288.SZ）积极"出海"，提升全球市场竞争力。 2月10日晚，运机集团公告，全资子公司签署13.31亿元海外EPC总承包合同，约占公司2024年度经审计 营业收入的86.66%。 长江商报记者注意到，运机集团自成立以来始终专注于以带式输送机为核心的节能环保型输送机械成套 设备的研发、设计、生产和销售。近年来，运机集团坚持技术创新与市场需求双轮驱动，业绩保持快速 增长。 业绩预告显示，公司预计2025年度归属于上市公司股东的净利润（以下简称"归母净利润"）为2.2亿— 2.52亿元，比上年同期增长40.00%—60.00%。 日前，运机集团宣布，拟定增募资不超7.88亿元，用于数字孪生智能输送机生产项目和几内亚智能运维 服务平台项目，夯实公司业务竞争力。 子公司签署13.31亿重大合同 根据公告，运机集团全资子公司运机集团国际控股有限公司（以下简称"运机国际"）于2026年2月10日 与西部国际控股津巴布韦建材投资有限公司签订了《西部国际控股津巴布韦建材投资有限公司3500t/d 熟料水泥生产线、2×18MW电站及智能输送机系统EPC总承包合同书》，合同预估 ...

旗下一金矿出事，千亿招金矿业(01818.HK)致歉。 2月10日晚，招金矿业发布情况说明。最近，公司蚕庄金矿上庄矿段一盲竖井发生坠罐事故，目前，各项处置工作 正有序进行，相关善后处置正在进行中。 近年来，受益于全球黄金等金属价格上涨，招金矿业的经营业绩高速增长。2024年，公司实现净利润14.51亿元， 同比翻倍增长。2025年前三季度，公司实现的净利润达21.17亿元，继续翻倍增长。 二级市场上，近一年来，招金矿业的股价从14.42港元/股上涨至最高42.36港元/股，涨了近2倍。目前，公司市值 1165亿港元。 涉事金矿存安全隐患两度被罚 招金矿业因为旗下金矿出事致歉。 2月9日晚，山东省招远市应急管理局发布情况通报称，2月7日8时50分许，招远市蚕庄金矿上庄矿段一盲竖井发生 坠罐事故，善后处置正在进行中。 蚕庄金矿是招金矿业成员企业，成立于2009年，是一家以从事有色金属矿采选业为主的企业。蚕庄矿区位于招远 城区西北20公里处，矿区建设规模75万吨/年。 2020年至2024年，蚕庄金矿年平均黄金产量约1吨、年平均利润总额约6000万元。蚕庄金矿对公司经营业绩影响较 小。 招金矿业在公告中表示，就上述 ...

Core Viewpoint - Zeekr has initiated its first-ever recall, affecting 38,277 units of the Zeekr 001 WE model due to potential safety hazards related to high-voltage battery components [1][3][4] Group 1: Recall Details - The recall involves vehicles produced between July 8, 2021, and March 18, 2024, due to manufacturing consistency issues in high-voltage battery components, which may lead to increased internal resistance and potential thermal runaway [1][3] - Zeekr will provide free battery assembly replacements for affected vehicles and implement a cloud-based early warning system to alert users of potential issues [3][4] Group 2: Sales Performance and Targets - In 2025, Zeekr's sales target was set at 320,000 units, but the actual sales reached 574,600 units, achieving approximately 81% of the target, with a year-on-year growth of 13.21% [2][10] - For 2026, the sales target for Zeekr is set at 300,000 units, while the Lynk brand aims for 400,000 units, totaling 700,000 units [2][10] Group 3: Legal and Financial Context - The recall is linked to a legal dispute between Geely and A123 Systems, with Geely seeking compensation of 2.314 billion yuan due to quality issues with battery cells supplied by A123 [5][6] - A settlement agreement was reached, with A123 expected to pay Geely 608 million yuan for costs incurred up to December 31, 2025 [6] Group 4: Corporate Strategy - Zeekr is a joint investment by Geely Auto and Geely Holding Group, and in 2022, it exceeded its delivery target by delivering 71,900 units [7] - The company aims to enhance operational efficiency and resource utilization through the integration of Zeekr as a wholly-owned subsidiary of Geely, following a privatization transaction completed in December 2025 [11][12][13]