Market Performance - The A-share market opened lower and continued to decline, with the Shanghai Composite Index down 0.7% at 4105.04 points, the Shenzhen Component Index down 0.67% at 14187.44 points, and the ChiNext Index down 0.96% at 3295.99 points, while the Sci-Tech 50 Index fell 0.09% to 1479.67 points [1] - Trading volume significantly shrank, with a total turnover of 12038.58 billion yuan, a decrease of 125.6 billion yuan compared to the previous trading day, and over 2600 stocks in the market declined [1] Sector Performance - The military industry, paper manufacturing, autonomous driving, semiconductor equipment, aquaculture, battery, and tourism sectors saw the largest gains, while oil and gas extraction and services, minor metals, port shipping, steel, photovoltaic equipment, and short drama gaming sectors experienced the largest declines [4] - The military sector rose collectively amid international turmoil, with Andavil hitting the daily limit up of 20% [4] - The AI computing infrastructure construction wave is thriving, with semiconductor equipment stocks remaining active, including Micronano and Fuchuang Precision, both rising over 10% [4] - The autonomous driving and smart cockpit sectors also saw gains, with Zhejiang Shibao, Xingmin Zhitong, and Qianli Technology hitting the daily limit up [4] - Conversely, the photovoltaic sector's popular stock, Shuangliang Energy, hit the daily limit down after the company stated it indirectly participated in related commercial aerospace projects but did not directly cooperate with SpaceX [4] - Overnight international gold and oil prices saw significant declines, leading to a drop in non-ferrous metals and oil and gas resource stocks, with China National Offshore Oil Corporation and Xiyang Co., Ltd. recording declines [4] Investor Sentiment - With the upcoming Spring Festival holiday leading to a 10-day market closure (February 14 to February 23), the focus for investors is whether to "hold stocks over the holiday" or "hold cash and wait" [5] - Several brokerages have analyzed historical A-share performance around the Spring Festival, identifying clear market trends to support current market dynamics [5] - In light of pre-holiday market fluctuations, most brokerages recommend that investors "hold stocks over the holiday" as a preferred strategy, anticipating a new round of market activity post-holiday [5]

本文源自：金融界AI电报 世界白银协会在咨询机构Metals Focus提供的初步估算中指出，白银市场正面临连续第六年的结构性短 缺，目前预计缺口为6700万盎司，该数据将于4月中旬更新。该机构未披露2025年数据。去年4月其曾预 测2025年缺口为1.18亿盎司。该协会称，受节约措施及光伏领域使用其他材料替代白银等因素影响， 2026年工业用银加工量预计将下降2%，降至四年低点6.5亿盎司。珠宝需求预计将连续第二年下滑，下 降9%至1.78亿盎司，创2020年以来最低水平，因创纪录价格冲击印度等主要市场需求。银器需求预计 下降17%，印度市场降幅最为显著。 ...

Group 1 - The core point of the article is that Beijing Xiaomi Mobile Software Co., Ltd. has applied for a patent for a "Uniform Temperature Plate and Electronic Device," which aims to improve heat transfer efficiency and cooling performance [1] Group 2 - The patent application, with publication number CN121510520A, was filed on February 2025 and describes a uniform temperature plate consisting of a first cover and a second cover, forming a cavity that includes main and auxiliary flow paths [1] - The design of the uniform temperature plate enhances steam transmission speed by having the depth of the main flow path greater than that of the auxiliary flow path, thereby improving heat dissipation [1] Group 3 - Beijing Xiaomi Mobile Software Co., Ltd. was established in 2012 and is primarily engaged in software and information technology services, with a registered capital of 148.8 million RMB [1] - The company has made investments in four enterprises, participated in 151 bidding projects, and holds 5,000 patent records along with 123 administrative licenses [1]

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> 国家知识产权局信息显示，合肥常青机械股份有限公司取得一项名为"一种汽车门后支架连续冲压模 具"的专利，授权公告号CN117340129B，申请日期为2023年10月。 天眼查资料显示，合肥常青机械股份有限公司，成立于1988年，位于合肥市，是一家以从事汽车制造业 为主的企业。企业注册资本23795.5857万人民币。通过天眼查大数据分析，合肥常青机械股份有限公司 共对外投资了26家企业，参与招投标项目5000次，财产线索方面有商标信息13条，专利信息679条，此 外企业还拥有行政许可18个。 ...

作者：情报员 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 国家知识产权局信息显示，联想（新加坡）私人有限公司取得一项名为"基于模型的预测干扰管理"的专 利，授权公告号CN116057988B，申请日期为2020年6月。 ...

Group 1: Monetary Policy and Market Conditions - The central bank has increased the net injection of reverse repos in February by 300 billion yuan, leading to improved liquidity in the banking system [3] - The central bank will conduct a 1 trillion yuan reverse repo operation on February 13, with a term of 6 months, resulting in a net injection of 500 billion yuan after accounting for maturing repos [3] - The major bond market indices have shown a downward trend in yields, with the 10-year government bond yield decreasing by 1.40 basis points to 1.7720% [10] Group 2: Currency and Exchange Rates - The onshore and offshore RMB against the US dollar both broke the 6.9 mark, reaching a new high before the Spring Festival, with the central bank's midpoint rate set at 6.9457 yuan per dollar [4] - Analysts attribute the RMB's strength to multiple factors, including improved external conditions, a weaker dollar, and increased demand for currency conversion by enterprises [4] Group 3: Corporate News and Credit Events - Kaisa Group announced it would be unable to repay the principal of 400 million USD on its KWGPRO bond due on February 13, 2026 [14] - Moody's confirmed Meituan's issuer rating at "Baa1," changing the outlook from "stable" to "negative" [14] - Jin Hong Holdings reported a debt default of 76 million yuan by its subsidiary [14] Group 4: Real Estate and Housing Market - In the US, January existing home sales saw the largest decline in nearly four years, dropping 8.4% month-over-month to an annualized rate of 3.91 million units, below expectations [5] - The median home price in January increased by 0.9% year-over-year to 396,800 USD, while inventory rose by 3.4% to 1.22 million units [5] Group 5: Commodity Market - International crude oil prices fell, with WTI crude down 2.77% to 62.84 USD per barrel, and Brent crude down 2.71% to 67.52 USD per barrel [6] - COMEX gold futures decreased by 3.06% to 1,942.50 USD per ounce, while NYMEX natural gas prices fell by 0.25% to 3.226 USD per million British thermal units [6] Group 6: Bond Market Dynamics - The bond market showed a warming trend, with the central bank's liquidity support leading to a decrease in yields across various maturities [10] - No new government or policy bank bonds were issued on February 12 [12] - The credit bond market experienced significant price fluctuations, with some bonds deviating over 10% from their previous prices [13]

为生命，亮起绿灯 让金融服务的 "最后一公里"，成为解决急难愁盼的 "关键一公里"——从晨露未晞的乡野阡陌到万家灯火的市井街巷，赣州银行的"红小金"突击队，正用脚 步丈量"服务"的边界，他们的目的地，不仅仅是繁华的商圈和高楼林立的工业园，更是ICU病房外焦急的等候区、风雪中无法出门的老人家中、瘫痪者的病 榻之侧。在这里，银行的"移动柜台"为特殊客户搭建便民服务桥梁，将金融温暖精准送达群众心坎上。 时间，在ICU外是按秒计算的。近日，赣州银行上犹支行接到了一通特别的救助电话，五十公里外，客户陈女士的丈夫黄先生突发重病入住 ICU，急需支取 未到期的定期存款支付医疗费用，却因密码遗忘陷入困境，纷飞的账单让这个家庭濒临崩溃。按银行规定，密码重置须由本人办理。而"本人"正躺在病床 上，意识模糊。 "我们不能等。"支行客户经理邝文俊和黄怡迅速启动应急服务机制，亮起"绿灯"。他们在与时间赛跑，装设备、核单据、发动汽车，越过蜿蜒山路，将服务 送进了ICU病房。 病房里监测仪的滴答声与呼吸机的气流声交织成特殊的背景音，两人俯身轻声说明来意，在严格遵守医院要求和业务规范的前提下，完成身份核实与授权手 续。病床上病人手指的微动， ...

2月12日晚间，胖东来创始人于东来在社交媒体发布胖东来的部分战略规划，称胖东来永远坚定学校的 性质，"永不上市"。同时，于东来称无论将来什么时候，胖东来的最高管理层六十岁前必须退出权力岗 位，保持团队的年轻化和团队活力。 此前，于东来曾公开表示，计划将2025年销售额控制在200亿元以内，以减轻员工工作压力，避免因销 售额过快增长影响企业价值观。 于东来还提到，胖东来完成规划样本目标，停止发展企业规模。 于东来1966年出生，今年正好60岁。就在2月11日，于东来在社交平台发文宣布，过年后正式退休，将 转为顾问，胖东来工作由胖东来决策委员会主持。在宣布退休后，于东来也将社交账号改名为"傻坏蛋 于东来"。 数据显示，胖东来2025年销售额达235.31亿元，相比2024年的169.64亿元增长了65.67亿元，实现同比增 长38.71%。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

无独有偶，次日，厦门国际银行宁德分行再次为另一位上门客户兑换1800元硬币。两日内累计清点处理超过3000枚硬币，以高效服务赢得客户赞许。 "您放心，我们一定仔细清点。"宁德街头仍透着初春的寒意，而厦门国际银行宁德分行营业大厅内却因贴心服务传递着融融暖意。 近日，一位手提塑料袋的客户略显迟疑地走进宁德分行营业大厅。大堂经理主动询问，获悉客户因长期积累的硬币难以保管使用而发愁。银行当即为其启 动零钞兑换绿色通道，柜员接过沉甸甸的硬币袋时，发现这些硬币不仅数量多，更有部分表面磨损、沾染污渍，清点难度极大。 柜员迅速分类筛选，逐枚核对数目，经过半小时细致操作，最终为客户兑换1500余元整钞。客户感慨道："现在手机支付普及，硬币用不出去，堆在家里既 占地方又担心丢失，你们不仅帮我解决了难题，服务还这么耐心，真是太感谢了！" nning d a w 12 XMAS JAMOITANA AMOITAMB3THI ИЗМАIX 9 00 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 硬币兑换虽是小事，映射出的却是厦门国际银行宁德分行坚守"金融为民"的初心。该行始终秉承"卓越服务 暖心伴您"的服务宗旨，严格遵 ...

2月11日，于东来正式官宣，将于春节后正式退休。2023年6月，他曾透露"已将80%企业经营权放手"。 2025年，于东来卸任总经理职务。此次退休被外界视为完成了放权过渡，胖东来将逐步迈入"后于东来 时代"。 公开资料显示，胖东来超市是许昌市胖东来商贸集团有限公司旗下的连锁超市品牌，由于东来于1995年 3月在许昌创立。2025年胖东来全年销售额达235.31亿元，同比增长近40%。其中，超市业态年度销售 额达到126.43亿元，珠宝业态销售额达到24.51亿元，百货业态销售额达到23.79亿元，分别排名前三。 财经频道更多独家策划、专家专栏，免费查阅>> 此外，于东来还透露，胖东来已完成规划样本目标，停止发展企业规模。 于东来抖音账号视频截图 对于上市问题，于东来此前曾在社交平台回应称，胖东来未来会成为一个非常优秀的专注于文化交流研 究和商业交流研究的学校式企业，将作为商业样板供行业交流学习，主要是研究分享科学幸福的生活方 式。公司没有规模发展规划，更没有上市规划。 2月12日晚，胖东来创始人于东来通过社交平台分享了企业未来发展的战略规划。他表示，胖东来将永 远坚定学校的性质，永不上市。无论将来什么时候，公 ...