Market Overview - The trading volume of the Shanghai and Shenzhen stock markets fell below 2 trillion yuan, decreasing by 121.3 billion yuan compared to the previous trading day [1] - Sectors such as glass fiber, small metals, phosphorus chemicals, and fertilizers saw gains, while cultural media, AI corpus, tourism concepts, and cultivated diamonds experienced declines [1] Stock Performance - Baichuan Co. (002455) increased by 10.01% to 19.44 yuan, driven by TMP price hikes and lithium battery developments, marking 11 days of trading with 8 consecutive gains [2][3] - ST Zhongdi (000609) rose by 4.96% to 9.52 yuan, supported by semiconductor and real estate trends, achieving 5 consecutive gains [2] - ST Xuefa (002485) gained 4.99% to 5.05 yuan, influenced by the announcement of the actual controller's verdict and the recovery of the cultural tourism sector, with 6 days of 4 consecutive gains [2] - Jinfu Technology (003018) saw a 10.00% increase to 23.54 yuan, attributed to liquid cooling acquisitions and strong performance in bottle caps, with 5 days of 4 consecutive gains [2] - Jihua Group (603980) rose by 9.96% to 8.72 yuan, due to control changes and dye price increases, achieving 5 days of 4 consecutive gains [2] Top Gainers and Losers - International Composite Materials (301526) surged by 20.04% to 11.80 yuan, with a trading volume of 17.29 billion yuan and a net institutional buy of 539.86 million yuan [5][19] - GreenMe (002340) increased by 9.95% to 9.50 yuan, with a trading volume of 57.49 billion yuan and a net institutional buy of 90.88 million yuan [5][19] - Chinese Film (600977) fell by 9.55% to 18.76 yuan, with a trading volume of 34.92 billion yuan and a net institutional sell of 286 million yuan [6][15] - Yue Media (002181) dropped by 9.90% to 11.92 yuan, with a trading volume of 14.82 billion yuan and a net institutional sell of 379.5 million yuan [6][15] Sector Insights - The glass fiber sector is experiencing price increases due to tight supply, with major suppliers planning to increase production capacity significantly by 2028 [9] - GreenMe is expected to see a substantial increase in nickel metal shipments from its Indonesian project, with projected net profits for 2025 ranging from 1.429 to 1.735 billion yuan, reflecting a year-on-year growth of 40-70% [12] - The film and media sector, particularly Chinese Film, is facing a pullback after significant gains, with a cumulative increase of 23.66% year-to-date [15]

Group 1 - The core point of the article is the election of Zhao Yong as the employee director of Shanghai Pharmaceuticals' eighth board of directors during the second joint meeting of the third employee representative assembly [1] - Zhao Yong will serve alongside directors elected by the company's shareholders, forming the complete eighth board of directors [1] - The term of Zhao Yong and the eighth board of directors will last from the date of the employee representative assembly election until the end of the eighth board's term [1]

格隆汇2月11日丨涂鸦智能-W(02391.HK)公告，董事会兹通告谨定于香港时间2026年3月2日(星期一)举 行公司董事会会议，以(其中包括)考虑及通过(i)集团截至2025年12月31日止3个月的未经审计季度业绩 及其发布，(ii)集团截至2025年12月31日止年度全年业绩及其发布，(iii)建议宣派及派付现金股息，(iv) 处理其他事项。 ...

Core Insights - NetEase Cloud Music (09899.HK) reported annual performance for the year ending December 31, 2025, with revenue of RMB 7.76 billion and gross profit of RMB 2.77 billion [1] - The gross profit slightly increased by RMB 88.1 million, with the gross margin expanding from 33.7% to 35.7%, primarily due to increased online music service revenue and improved operational efficiency, despite a decline in social entertainment service revenue [1] - Operating profit for 2025 reached RMB 1.622 billion, up from RMB 1.171 billion in 2024, mainly due to reduced promotional and advertising expenses and increased government subsidies [1] - The net profit for 2025 was RMB 2.746 billion, compared to RMB 1.565 billion in 2024 [1] - During the reporting period, the company recognized deferred tax assets of RMB 747 million, mainly due to cumulative tax losses from a wholly-owned subsidiary, which can be carried forward to offset future taxable income [1] - Adjusted net profit for 2025, excluding the impact of equity settled share-based payments, was RMB 2.86 billion, compared to RMB 1.7 billion in 2024 [1]

兴证国际(06058.HK)公告，于2026年2月11日，公司(作为借款方)与若干金融机构(作为贷款方)就2.58亿 美元及20亿港元循环贷款订立为期364天融资协议。 ...

Group 1 - The core point of the article is that Country Garden Services (06098.HK) announced a share buyback on February 11, 2026, spending HKD 1.3496 million to repurchase 209,000 shares at a price range of HKD 6.40 to HKD 6.46 per share [1]

格隆汇2月11日丨金风科技(02208.HK)发布公告，董事会于今日收到公司副总裁李飞的书面辞职报告， 因个人须优先关注自身健康原因，李飞辞去公司副总裁职务，其原定任期至公司第九届董事会届满。根 据有关规定，李飞的辞职报告自公司董事会收到时生效。 ...

格隆汇2月11日丨天润云(02167.HK)公告，2月11日耗资7900港元回购2000股。 ...

Group 1 - The core viewpoint of the article is that Dongwei Technology (688700.SH) currently focuses on photovoltaic equipment products for HJT batteries and does not involve equipment for TOPCon and perovskite batteries [1]

Group 1 - The core viewpoint of the article is that China CNR Corporation (601766.SH) has been actively exporting products and services to the European market in recent years, primarily through direct customer exports [1] - The company has established subsidiaries in Europe to conduct overseas business [1]