全球其他股市方面，上周整体表现平平，但地区间差异巨大。卢森堡市场表现突出，大涨9.0%，阿联 酋以5.1%的涨幅位居第二。丹麦和韩国市场则显著承压，分别下跌7.6%和5.1%。 贝内德克沃罗斯 上周，黄金价格上涨5.0%，白银收跌2%，两者出现罕见走势背离。整体来看，从美股内部的风格转换 到全球市场的各异表现，再到避险资产的迥异走势，都凸显了当前市场环境下资金流向的再平衡与风险 偏好的重构。 上周，美股市场的板块轮动趋势延续，资金从2025年表现领先的板块流向此前表现落后的板块。标普 500指数上周收盘基本持平，微跌0.1%，但其他板块表现出色。 (作者系标普道琼斯指数公司指数投资策略总监，刘英杰编译) 价值投资风格明显占优。上周，标普500纯价值指数上涨4.0%，而成长指数则下跌2.1%。追求股息收益 的策略也受到青睐，标普500纯股息贵族指数和道琼斯美国精选股息指数分别上涨3.5%和3.3%。与之对 比，过去几年颇具影响力的"动量"因子近乎停滞，上周仅微涨0.1%。 在此种风格切换的背景下，市场不确定性上升。预计短期内美国蓝筹股之间的表现分化将继续扩大。截 至2月6日，衡量市场恐慌情绪的芝加哥期权交易所波 ...

Core Viewpoint - Jiangsu Shentong (002438) is actively engaging in the advancement of nuclear energy application technologies, including research and development of valves for nuclear fusion applications [1] Group 1: Company Developments - The company is closely following advancements in nuclear energy application technologies and is participating in research projects related to valve development and supply [1] - Jiangsu Shentong's subsidiary, Jiangsu Shentong Nuclear Equipment Co., has undertaken a project supply for the China National Nuclear Corporation's Southwest Institute of Physics, involving a specific model of ball valve currently in the manufacturing process [1] - The company has established a comprehensive product matrix that includes high-quality nuclear-grade butterfly valves, ball valves, pit filters, nuclear-grade instrument valves, diaphragm valves, control valves, and pneumatic diaphragm valves, and is continuously advancing product iterations [1]

Core Insights - Coca-Cola Company reported Q4 2025 revenue of $11.822 billion, a 2% year-over-year increase, and a net profit of $2.316 billion, reflecting a 5% growth [1] - For the full year 2025, the company achieved revenue of $47.941 billion, also a 2% increase year-over-year, with net profit rising significantly by 23% to $13.137 billion [1] - The CEO emphasized the importance of strategic execution for long-term success [1] Market Focus - Coca-Cola views China as one of its most important markets, committing to a long-term development strategy [1] - The company aims to maintain a high-quality leadership position in its core business within China and has made solid progress [1] - Coca-Cola plans to continue significant investments in the Chinese market, recognizing the need for long-term engagement [1]

展望2026年，公司表示，产业链回流的机遇与存储大周期带来的挑战并存。综合各因素，公司给出 的一季度指引为：销售收入环比持平，毛利率在18%至20%之间。在外部环境无重大变化的前提下，公 司给出的2026年指引为：销售收入增幅高于可比同业的平均值，资本开支与2025年相比大致持平。 中证报中证网讯（记者 乔翔）2月10日晚间，中芯国际发布公告，公司2025年未经审计的营业收入 为673.23亿元，同比增长16.5%；净利润50.41亿元，同比增长36.3%；扣非净利润41.24亿元，同比增长 55.9%。公司表示，业绩变动主要是由于2025年晶圆销售量增加、产能利用率上升及产品组合变动所 致。 ...

Group 1 - The core point of the article is that Qusleep Technology (301336) announced a share transfer agreement where its major shareholder, Suzhou Industrial Park Shunwei Technology Venture Capital Partnership, will transfer 2 million shares (5.00% of total shares) to Hangzhou Runxi Enterprise Management Consulting Partnership at a price of 54.946 yuan per share, totaling approximately 110 million yuan [1][2] - The transaction is expected to optimize Qusleep Technology's equity structure and improve governance efficiency, while also signaling potential collaboration in resource sharing, market expansion, and industrial synergy between the parties involved [1] - Qusleep Technology is an internet retail company focused on innovative home products related to sleep technology, and it is a strategic partner in the sleep sector within the Xiaomi ecosystem [2] Group 2 - The transfer will not affect the business cooperation between Qusleep Technology and the Xiaomi ecosystem, as stated by a company representative [2] - After the completion of the share transfer, Shunwei Investment and its concerted action party, Tianjin Jinmi, will still hold a combined 2.02% of Qusleep Technology's shares [2]

Core Viewpoint - The company, Ruiang Gene, announced on February 10 that it has received government subsidy funds amounting to 2 million yuan [1] Group 1: Government Subsidy - The government subsidy received by the company is classified as a revenue-related government grant according to the relevant provisions of the Accounting Standards for Enterprises No. 16 [1] - The subsidy amount is 2 million yuan, which is equivalent to approximately 0.29 million USD based on current exchange rates [1] - The accounting treatment and impact on the company's profit and loss will be finalized based on the results of the annual audit by the auditing agency [1]

【资料图】 依依股份表示，目前公司生产经营情况正常，此次交易终止不会对公司的生产经营和财务状况造成重大 不利影响，不存在损害公司及中小股东利益的情形。公司将继续聚焦主业，持续推进既定发展战略，为 股东创造价值。 据悉，尽管收购未按计划推进，但依依股份通过产业基金仍持有高爷家部分股权，未来双方将保持友好 的沟通与交流。依依股份表示，此次审慎决策，并未动摇公司对宠物赛道长期前景的坚定信心以及既定 的战略发展方向。 依依股份（001206）2月10日晚间发布公告称，由于标的公司双十一活动中对猫砂的销售模式进行了调 整，以及2025年下半年猫粮新品的前期投入，导致标的公司2025年经营情况与此次交易筹划期初的预期 发生了一定变化，从而导致公司与交易对方未能就此次交易估值等核心商业条款达成一致意见。 公告表示，为切实维护上市公司和广大投资者长期利益，经公司与交易各相关方友好协商、认真研究和 充分论证，基于审慎性考虑，决定终止对杭州高爷家有好多猫宠物食品有限责任公司的股权收购事宜。 ...

Core Viewpoint - Guoke Tianceng (301571) reported a significant increase in revenue and net profit for the fiscal year 2025, driven by its strategic focus on the infrared optoelectronics sector and enhanced operational capabilities [1][2] Financial Performance - The company achieved total operating revenue of 1.102 billion yuan, representing a year-on-year growth of 14.73% [1] - Net profit attributable to shareholders reached 204 million yuan, with a year-on-year increase of 17.94% [1] - The net profit after deducting non-recurring gains and losses grew by 25.03% year-on-year [1] Asset Growth - As of the end of 2025, Guoke Tianceng's total assets amounted to 3.36 billion yuan, reflecting a growth of 33.97% compared to the beginning of the period [1] - The rapid expansion of asset scale is attributed to significant capital investments in production capacity and research and development, as well as proactive inventory management for raw materials [1] Strategic Focus - The company's performance growth in 2025 is a result of sustained efforts in three key areas: core business layout, market expansion, and technological innovation [2] - In core business, the company has deepened its focus on the infrared optoelectronics field, with the refrigeration infrared business continuing to play a crucial role due to its established industry position and brand advantages [2] - Non-refrigeration infrared and optical products have also seen rapid breakthroughs, contributing significantly to revenue growth [2] Market Expansion - Guoke Tianceng has actively pursued market opportunities by aligning with market demand trends, resulting in an increase in market orders and production output [2] - The rise in order volume has directly contributed to the simultaneous growth of market share and revenue scale [2] Technological Innovation - The company emphasizes innovation-driven growth by increasing investments in technology research and development [2] - Continuous improvements in production automation and technological upgrades have led to cost reductions and efficiency gains, enhancing overall economic performance [2]

资料显示，摩根港股通宁远成长混合型基金拟任基金经理赵隆隆，拥有16年投资研究经验、超4年基金 管理经验，投资聚焦新兴产业并放眼全市场，挖掘真正高成长行业中穿越牛熊的优质公司。截至2025年 末，其管理的摩根香港精选港股通混合型基金(A类)近一年回报35.21%(同期业绩比较基准收益率 17.81%)。 基金经理在追求主动管理超额收益的同时，十分重视争取较优风险调整后回报。赵隆隆表示，将采用三 层投资管理体系：一是在选股层面，坚持"优中选优"，以中微观分析为主、宏观判断为辅，自下而上精 选优质标的，从底层把握资产质量；二是在行业配置上，依据产品定位、业绩基准与风险收益特征，进 行适度均衡的行业布局与动态调整，力争在不同市场环境下获取相对基准的稳定收益；三是在组合构建 中，争取保持持股相对分散，注重安全边际，避免因单一行业暴露或持股集中度过高而放大波动风险。 展望未来，赵隆隆表示，港股通标的数量在2026年1月末已超过550家公司，主要集中在科技制造、消 费、周期和金融，有比较明显的行业特征。随着更多优质公司赴港上市，港股市场有望持续提供与A股 形成互补的优质资产，吸引全球资本关注具备国际竞争力的中国企业，为投资 ...

庆阳市侨联作为联系侨界与地方的桥梁，近年来积极协调爱心资源，对接基层实际需求，助力包括步长 制药在内的多家企业在当地开展公益项目。此次致信，既是对步长制药公益行为的肯定，也体现了侨联 服务地方、汇聚侨力的工作职能。 步长制药有关负责人表示，企业将继续秉持服务社会的理念，结合庆阳的实际需要，在健康帮扶方面探 索更多可持续的模式。庆阳市侨联有关负责人也表示，将进一步做好联络服务工作，促进公益资源与地 方发展需求精准对接。 中证报中证网讯（记者 张鹏飞）近日，庆阳市归国华侨联合会向步长制药子公司陕西步长制药有限公 司（简称"陕西步长"）致送感谢信，代表全市侨界和受助群众对该企业长期以来的公益支持表示诚挚感 谢。 感谢信中提到，步长制药多年来持续关注庆阳革命老区医疗卫生事业发展，结合自身行业优势，通过捐 赠急需药品、协助提升医疗设备水平、开展健康帮扶等方式，为当地医疗条件改善提供了切实帮助。相 关物资对基层医疗资源起到了有效补充的作用，使群众能够更方便地获得医疗服务。 转自：中国证券报·中证网 ...