Core Viewpoint - The company reported a strong financial performance for the fiscal year 2025, with significant growth in net revenue and net profit, driven primarily by its gaming segment and the integration of AI in operations [1][2] Group 1: Financial Performance - For the fiscal year 2025, the company's net revenue reached RMB 112.6 billion (USD 16.1 billion), an increase from RMB 105.3 billion in 2024 [1] - The net income from online games and related value-added services for 2025 was RMB 92.1 billion (USD 13.2 billion), up from RMB 83.6 billion in 2024 [1] - The net profit attributable to shareholders for 2025 was RMB 33.8 billion (USD 4.8 billion), compared to RMB 29.7 billion in 2024 [1] Group 2: Segment Performance - Online games accounted for approximately 97.3% of the net revenue in 2025, up from 96.2% in 2024 [1] - The revenue from Youdao in 2025 was RMB 5.9 billion (USD 845 million), slightly increasing from RMB 5.6 billion in 2024 [1] - Net revenue from NetEase Cloud Music in 2025 was RMB 7.8 billion (USD 1.1 billion), a decrease from RMB 8.0 billion in 2024 [1] Group 3: Quarterly Performance - In the fourth quarter of 2025, the company reported a net revenue of RMB 27.5 billion (USD 3.9 billion), reflecting a year-on-year increase of 3.0% [2] - The net profit attributable to shareholders for the fourth quarter was RMB 6.2 billion (USD 892.6 million) [2] - Basic earnings per share for the fourth quarter were USD 0.28, with a non-GAAP basic earnings per share of USD 0.32 [2] Group 4: Strategic Insights - The CEO highlighted the company's robust long-term operational capabilities in gaming and its increasing influence in the global market [2] - AI has become a core capability in the company's research and operations, significantly enhancing production efficiency and player interaction experiences [2]

Core Viewpoint - Deutsche Bank Tianxia (02418.HK) announced the resignation of Wang Wenqi due to age reasons, effective from February 11, 2026, for the position of Deputy General Manager and from the date of appointment of the new director for the position of Executive Director of the second board [1] Group 1 - Wang Wenqi has submitted his resignation as Deputy General Manager due to age reasons, effective from February 11, 2026 [1] - His resignation as Executive Director of the second board will take effect from the appointment date of the new director [1]

格隆汇2月11日丨科林电气(603050.SH)公布，李砚如先生拟通过集中竞价及大宗交易方式合计减持不超 过604.96万股，减持比例不超过公司总股本的1.50%；屈国旺先生拟通过集中竞价及大宗交易方式合计 减持不超过604.96万股，减持比例不超过公司总股本的1.50%。该减持计划将于本公告披露之日起15个 交易日后的3个月内进行。减持价格按照减持实施时的市场价格确定且不低于发行价（除权后）。 ...

格隆汇2月11日丨亚联机械(001395.SZ)公布，根据业务发展需要，为进一步提升公司资产使用效率，优 化资产结构，拟将位于敦化经济开发区康平大街华瑞东路的老厂区土地使用权、房屋建筑物、构筑物及 其他辅助设施等资产以人民币2994.56万元的价格（含税）出售给敦化市融创项目管理有限责任公司 （简称"融创公司"）。 ...

格隆汇2月11日丨兖矿能源(01171.HK)宣布，黄伟超因工作变动，已辞任公司的联席公司秘书及根据香 港联合交易所有限公司证券上市规则第19A.13(2)条及香港法例第622章(公司条例)的在香港接受向公司 送达的法律程序文件及通知的授权代表，自2026年2月11日生效。林庚墀已获委任为授权代表，自2026 年2月11日起生效。 ...

格隆汇2月11日丨冠军科技集团(00092.HK)宣布，公司将于2026年2月26日(星期四)举行董事局会议，藉 以处理多项事务，包括研读及审批公司及其附属公司截至2025年12月31日止6个月之中期业绩及其发 布，以及考虑派发中期股息(如有)。 ...

Core Viewpoint - China Resources Power (00836.HK) reported a significant increase in electricity sales for its subsidiaries in January 2026, indicating strong growth in both wind and solar energy sectors [1] Group 1: Electricity Sales Performance - The total electricity sales volume for the subsidiary power plants reached 23,788,790 MWh, representing a year-on-year increase of 28.4% [1] - The subsidiary wind farms achieved electricity sales of 4,929,982 MWh, which is a year-on-year increase of 7.2% [1] - The subsidiary solar power stations recorded electricity sales of 1,279,386 MWh, showing a remarkable year-on-year increase of 72.3% [1]

Core Viewpoint - Prudential (02378.HK) announced a share buyback of 305,000 shares at a total cost of £3.592 million, with a per-share buyback price ranging from £11.575 to £11.89 [1] Group 1 - The company executed the buyback on February 10, 2026 [1] - The total expenditure for the buyback was £3.592 million [1] - The number of shares repurchased was 305,000 [1]

Core Viewpoint - The company, Top Group (601689.SH), projects a revenue increase for 2025, while expecting a decline in net profit compared to the previous year [1] Financial Projections - The company anticipates 2025 revenue to be between 28.75 billion and 30.35 billion yuan, representing a year-on-year increase of 8.08% to 14.10% [1] - The expected net profit attributable to shareholders for 2025 is projected to be between 2.6 billion and 2.9 billion yuan, indicating a year-on-year decrease of 3.35% to 13.35% [1] - The net profit excluding non-recurring gains and losses is expected to be between 2.42 billion and 2.72 billion yuan, reflecting a slight decline of 0.30% to 11.30% year-on-year [1] Business Strategy and Market Position - The Tier 0.5 collaboration model has gained wide recognition from domestic and international clients, allowing the company to deeply engage in clients' early-stage R&D processes and provide integrated solutions [1] - The customer base continues to expand, with an optimized structure and a steady increase in per-vehicle supply amounts, enhancing customer loyalty and collaboration depth [1] - The company is deepening its product platform layout, with nine product series demonstrating sustained competitiveness, and core technologies being reused across different fields, enriching the product matrix and creating synergistic growth effects to support stable revenue growth [1]

Core Viewpoint - Tianqi Lithium Industries (09696.HK) has successfully completed a placement of shares, raising approximately HKD 2.93 billion, with the net proceeds expected to be fully utilized by December 31, 2027 [1] Group 1: Share Placement Details - The placement involved the issuance of 65.05 million shares at a price of HKD 45.05 per share [1] - The estimated net price per share, after deducting related commissions and expenses, is approximately HKD 44.95 [1] - The total amount raised from the placement is approximately HKD 2.93 billion, with net proceeds expected to be around HKD 2.92 billion after expenses [1]