Core Viewpoint - BOSS Zhipin (02076) plans to purchase a total of 343,300 Class A ordinary shares in the open market, equivalent to 171,700 American Depositary Shares, using internal resources on February 12, 2026 [1] Group 1 - The shares will be acquired by a trustee according to the terms and conditions of the post-initial public offering share plan [1] - The purchased shares will be held in trust for eligible participants as defined in the plan [1]

Core Viewpoint - Lianrui New Materials (688300.SH) reported a revenue of 1.116 billion yuan for the year 2025, reflecting a year-on-year growth of 16.15%, and a net profit attributable to the parent company of 293 million yuan, which is a 16.42% increase year-on-year [1] Group 1: Financial Performance - The company achieved an operating income of 1.116 billion yuan in 2025, marking a 16.15% increase compared to the previous year [1] - The net profit attributable to the parent company reached 293 million yuan, representing a year-on-year growth of 16.42% [1] Group 2: Industry Trends and Company Strategy - In 2025, the company capitalized on market opportunities driven by the accelerated penetration of advanced packaging, rapid expansion of high-performance electronic circuit board demand, and continuous upgrades in thermal materials [1] - The company focused on its strategic goals, enhancing its market share in advantageous areas while increasing the revenue proportion of high-performance products [1] - The continuous optimization of product structure effectively contributed to the steady growth of both revenue and profit scale [1]

Group 1 - The total assets of the Mandatory Provident Fund (MPF) market increased by 3.6% to HKD 1.61 trillion as of January 31 [1] - Manulife leads the market with a 27.7% share, followed by HSBC at 18% and Sun Life at 10.9%, with the top five providers accounting for over 73.6% of the market [1] - In January, there was a net outflow of approximately HKD 580 million from equity funds, primarily from Hong Kong stock funds, while mixed asset funds saw a net inflow of about HKD 90 million [1] Group 2 - Fixed income funds experienced a net inflow of approximately HKD 490 million, mainly into conservative MPF funds [1] - The Hang Seng Index continued its strong performance from the previous year, rising about 6.8% in January, significantly outperforming European, American, and Japanese equity funds [1] - Despite the overall market rise, Hong Kong stock funds recorded a net outflow of around HKD 2.8 billion, indicating a trend of profit-taking or diversification among some investors [1]

Core Viewpoint - The company, Lianhong Xinke (003022.SZ), has received a registration notice from the trading association for its technology innovation bonds, indicating a positive step towards raising funds through bond issuance [1] Group 1: Company Announcement - The company announced that it has received the "Acceptance of Registration Notice" from the trading association, which is a significant regulatory approval for its bond issuance [1] - The registered amount for the medium-term notes is set at 1 billion yuan, which reflects the company's strategy to enhance its capital structure [1] - The registration validity period is two years from the date of the notice, allowing the company flexibility in timing its bond issuance [1] Group 2: Underwriting Details - Qingdao Bank (002948) has been appointed as the lead underwriter for the bond issuance, indicating a partnership that may enhance the credibility and market reach of the bond offering [1]

智通财经APP获悉，湖南军信环保股份有限公司(301109.SZ)(以下简称"军信股份")于2025年8月13日所递交的港股招股书满6个月，于2026年2月13日失效，递 表时中金公司和中信证券为联席保荐人。 据招股书，军信股份是一家业界领先的公司，提供废物综合处理及资源利用专业解决方案，包括绿色环保能源项目的投资、管理及运营。根据弗若斯特沙利 文的数据，就项目规模而言，公司的主要业务营运所在的长沙环保产业园是中国同业中最大的环保综合园区之一。截至最后实际可行日期，其涵盖多个项 目，包括与垃圾清洁焚烧发电与多种废物的综合处理相关的项目。 ...

华纳药厂(688799.SH)披露2025年度业绩快报，2025年度实现营业收入15.16亿元，同比增长7.26%;归属 于母公司所有者的净利润2.41亿元，同比增长46.95%。 报告期内，公司营业收入增长主要系公司制剂产品、原料药及中间体产品销售收入增长以及技术服务收 入增长共同所致;归属于母公司所有者的净利润增加主要是受投资收益影响;归属于母公司所有者的扣除 非经常性损益的净利润下滑主要是因为计提股权激励费用影响，剔除股权激励费用影响后，归属于母公 司所有者的扣除非经常性损益的净利润为1.82亿元，较上年同期增加31.57%。 ...

Core Viewpoint - Qinglong Pipe Industry (002457.SZ) has been awarded a contract for a heating pipeline project, which is expected to contribute significantly to its revenue in 2024 [1] Group 1: Company Announcement - The company’s subsidiary, Pengyang Qinglong Pipeline Technology Co., Ltd., has received a "Notice of Winning Bid" from Pengyang Central Heating Co., Ltd. [1] - The project involves the supply of heating pipelines from Wangwa Power Plant to the county town, with a bid amount of 146 million yuan [1] - This contract represents 5.19% of the company's audited operating revenue for the fiscal year 2024 [1]

报告指出，富卫已建立差异化的业务及客户组合，2024财年总年度化保费中，中国香港、东盟及日本分 别占42%、52%及6%，并采用多渠道结构。值得注意的是，泰国贡献30%的新业务，使富卫成为泰国第 二大保险公司，市场份额达15%。小摩认为，东盟市场复苏或泰国业务反弹可成为关键上行催化剂。 摩根大通发布研报称，首次覆盖富卫集团(01828)予"增持"评级，目标价50港元，相当于预测2027财年 内含价值1.1倍。小摩预测2027财年新业务价值将达11亿美元，与友邦保险2012年12亿美元的新业务价 值水平相若。该股目前股价较其呈报内含价值存在折让，该行认为此估值属便宜。 富卫是泛亚洲地区最大的人寿保险公司之一，在中国香港、泰国及日本拥有重要的区域业务布局。小摩 相信公司具备引人入胜的增长故事，预计未来两年新业务价值将持续录得10%的增长，经营溢利复合年 增长率达16%。 ...

卧龙电气驱动集团股份有限公司(简称：卧龙电驱（600580）(600580.SH))于2025年8月13日所递交的港股招股书满6个月，于2026年2月13日失效，递表时中 金公司（601995）、华泰国际、广发证券(香港)为联席保荐人。 招股书显示，卧龙电驱是一家全球领先的电驱动系统解决方案提供商，公司专注于电驱动系统产品及解决方案的研发、生产、销售和服务。根据弗若斯特沙 利文的资料，按2024年收入计，卧龙电驱(i)在全球防爆电驱动系统解决方案市场排名第一，市场份额约为4.5%;(ii)在全球工业电驱动系统解决方案市场排名 第四，市场份额约为2.8%;及(iii)在全球暖通电驱动系统解决方案市场排名第五，市场份额约为2.0%。 | | 13/08/2025 整體協調人公告 - 委任 歴 | | --- | --- | | 13/08/2025 | 臥龍電氣驅動集團股份有限公司 13/08/2025 申請版本（第一次呈交） 全文檔案 [四]多檔案 > | ...

Core Viewpoint - Guoen Technology (02768) experienced a significant stock price increase, reaching a new high of 54.45 HKD, with a current rise of 10.33% to 51.9 HKD and a trading volume of 95.4 million HKD [1] Company Overview - Guoen Technology is a Chinese supplier focused on chemical new materials, gelatin, and collagen upstream and downstream products [1] - According to Frost & Sullivan, Guoen Technology is the second-largest organic polymer modified materials and organic polymer composite materials company in China by sales revenue, holding a market share of 2.5% in 2024 [1] - In terms of production capacity, Guoen Technology is projected to be the largest polystyrene company in China by 2024 [1] Market Development - On February 4, the Shenzhen Stock Exchange announced that Guoen Technology's listing on the Hong Kong Stock Exchange does not apply to the price stabilization mechanism, and after 10 trading days of its A-share listing, adjustments to the Hong Kong Stock Connect securities list will take effect from February 4, 2026, including Guoen Technology [1]