Group 1 - The gold stocks experienced a general decline, with Zijin Mining International down 3.93% to HKD 219.8, Lingbao Gold down 2.92% to HKD 24.56, China National Gold International down 1.79% to HKD 197.4, and Chifeng Jilong Gold Mining down 1.32% to HKD 37.26 [2] Group 2 - The U.S. non-farm payrolls added 130,000 jobs in January, significantly exceeding market expectations, which led to a decrease in interest rate cut expectations and a rebound in the U.S. dollar index [2] - CITIC Futures suggests that without clear signs of weakening in employment and wages, the interest rate cut trades are unlikely to develop unilaterally, indicating that gold prices may enter a phase of high volatility and fluctuating sentiment [2] - Baocun Futures notes that as the domestic Spring Festival approaches, market participants are becoming more cautious with their investments [2] - Geopolitical tensions, particularly between the U.S. and Iran, may influence gold prices during the Spring Festival [2] - Market attention is also on the potential nomination of a new Federal Reserve Chair, with particular focus on Kevin Warsh's movements [2]

Core Viewpoint - Arko Petroleum (APC.US) has launched its IPO on the US stock market, with initial trading showing a decline of over 3.5% from its IPO price of $18, currently trading at $17.35 [1] Company Overview - Arko Petroleum is a subsidiary of ARKO Group (ARKO.US) and operates as a fuel distribution company [1] - The company delivered 1.5 billion gallons of fuel to gas stations, sub-wholesalers, and other buyers in the nine months ending September 30, 2025 [1] Business Segments - The business is divided into three main segments: - Wholesale Business: Supplies fuel to third-party distributors, gas stations, and ARKO retail sites based on long-term cost-plus contracts or consignment agreements [1] - Fleet Fuel Business: Operates both owned and third-party cardlock gas stations and issues fuel cards [1] - GPMP Business: Supplies fuel to retail sites on a cost-plus basis, charging a fixed markup per gallon [1]

Core Viewpoint - Albemarle Corporation (ALB.US) experienced a decline of over 4%, closing at $167.42, despite reporting a 16% year-over-year increase in sales for Q4 2025, reaching $1.4 billion [1] Financial Performance - Q4 2025 sales amounted to $1.4 billion, reflecting a 16% increase compared to the previous year [1] - Volume growth for the quarter was reported at 12% [1] - The company incurred a net loss of $414 million for Q4, translating to a diluted loss per share of $3.87 [1] - Adjusted EBITDA for Q4 reached $269 million, marking a 7% increase year-over-year [1] Business Segments - The growth in Adjusted EBITDA was primarily driven by the energy storage business, which grew by 25% [1] - The Keggin business also contributed significantly, with a growth rate of 39% [1]

岚图汽车(07489)公布，公司已向联交所申请批准885,381,529股H股于联交所上市及买卖。H股以介绍方 式于联交所主板上市，且并无就上市发行H股。待合并先决条件及合併条件达成或获豁免(如适用)及私 有化完成后以及东风公司、东风武汉及东风集团股份作出任何进一步公告后，H股预计将于2026年3月 19日(星期四)上午九时正于联交所开始买卖。H股将以每手1,000股H股为单位进行买卖。H股的股份代 号为7489。 ...

比高集团(08220)公布，于2025年11月初，鉴于本金1900万港元可换股债券将于2025年12月31日到期， 而公司缺乏足够财务资源以赎回该等债券，故公司已向可换股债券持有人周星驰先生提出请求，寻求周 星驰先生同意换股，并建议修订可换股债券的条款及条件，以解除限制认购人行使可换股债券所附换股 权的限制，而行使该换股权可能会触发根据收购守则作出强制性全面要约的责任。于2025年12月24日， 周星驰先生已向公司签署并交付一份有条件换股通知书，据此，周星驰先生拟于条件获达成后行使其换 股权。 公司获周星驰先生告知，待建议修订生效后，周星驰先生拟配合公司请求并悉数行使可换股债券所附的 换股权。紧随悉数行使周星驰先生持有的可换股债券所附换股权后，周星驰先生将实益及透过其联繫人 及要约人的一致行动人士于合共约1.12亿股股份(相当于公司因悉数行使可换股债券所附换股权而配发 及发行转换股份而扩大的已发行股本约64.05%)中拥有权益。根据收购守则规则26.1，周星驰先生及与 其一致行动的人士届时将须就所有已发行股份(不包括在提出股份要约时彼已拥有或同意收购之股份)作 出无条件强制现金要约。根据收购守则规则13，周星 ...

沃尔核材（002130）(09981)公布配发结果，公司全球发售约1.4亿股H股，香港公开发售占10%，国际发 售占90%。最终发售价为每股20.09港元，全球发售净筹约27.34亿港元。每手200股，预期H股将于香港 时间2026年2月13日(星期五)上午九时正在联交所开始买卖。 其中，香港公开发售获569.58倍认购，国际发售获8.19倍认购。 ...

昊海生科(688366.SH)发布公告，楼国梁因自身资金需要，计划自公告披露之日起3个交易日后3个月 内，通过集中竞价和大宗交易方式合计减持不超过100万股的公司股份，占公司总股本的比例不超过 0.4337%。 ...

除税前亏损增加主要归因于各项关键因素，包括(其中包括)，贸易应收款项相关减值亏损大幅增加，取 得不少于约人民币1.1亿元，较2024财年增加不少于约人民币9300万元。该等减值的最终数额将根据适 用会计准则由独立估值师对应收款项可收回性进行全面评估，并由本公司核数师审阅后厘定;销售及分 销开支增加，取得不少于约人民币1.3亿元，较2024财年增加不少于约人民币4200万元。该变动主要由 于第三方服务供应商的营销开支增加所致，反映本公司致力于加强推出及推广本集团的服务及平台;及 研发开支增加，取得不少于约人民币2.3亿元，较2024财年增加不少于约人民币1.46亿元。该增加主要归 因于扩充本集团各类研发项目技术储备的投资大幅增加。 飞天云动(06610)发布公告，本集团预期截至2025年12月31日止年度将取得除税前亏损不少于约人民币 3.63亿元，较截至2024年12月31日止年度(2024财年)报告的除税前亏损约人民币4485万元大幅增加。 ...

智通财经APP讯，飞天云动(06610)发布公告，本集团预期截至2025年12月31日止年度将取得除税前亏损 不少于约人民币3.63亿元，较截至2024年12月31日止年度(2024财年)报告的除税前亏损约人民币4485万 元大幅增加。 除税前亏损增加主要归因于各项关键因素，包括(其中包括)，贸易应收款项相关减值亏损大幅增加，取 得不少于约人民币1.1亿元，较2024财年增加不少于约人民币9300万元。该等减值的最终数额将根据适 用会计准则由独立估值师对应收款项可收回性进行全面评估，并由本公司核数师审阅后厘定;销售及分 销开支增加，取得不少于约人民币1.3亿元，较2024财年增加不少于约人民币4200万元。该变动主要由 于第三方服务供应商的营销开支增加所致，反映本公司致力于加强推出及推广本集团的服务及平台;及 研发开支增加，取得不少于约人民币2.3亿元，较2024财年增加不少于约人民币1.46亿元。该增加主要归 因于扩充本集团各类研发项目技术储备的投资大幅增加。 ...

Group 1 - Ferrari's stock received an upgrade from Citigroup, moving from "sell" to "hold," ending nearly two years of negative outlook on the stock after better-than-expected quarterly results [1] - The stock price surged by 10% on Tuesday and continued to rise on Thursday, driven by strong quarterly performance, 2026 operational targets, and an increasing delivery pace of the F80 supercar [1] - Citigroup analyst Harald Hendrikse noted that while challenges remain, the rationale for short-selling the stock may have concluded, suggesting a potential return of investors to Ferrari [1] Group 2 - Hendrikse described the recent earnings report as "highly unusual" due to performance exceeding the guidance communicated by the company in January [2] - There is speculation that Ferrari may accelerate F80 deliveries in late 2025 and 2026 to boost short-term profit margins, potentially at the cost of future growth [2] - Ferrari emphasized its focus on the structural advantages of its product mix and did not disclose specific sales figures for individual models [2]