中石化冠德(00934)发布公告，于2026年2月12日，本公司全资附属公司经贸冠德已与曹妃甸港集团订立 独家营运协议，曹妃甸实华将向经贸冠德或经贸冠德指定的客户独家提供原油码头营运服务。尽管经贸 冠德及曹妃甸港集团持有的曹妃甸实华股权仍保持分别为90%及10%不变，于订立独家营运协议后及根 据适用会计准则重新评估本集团与曹妃甸实华的关系后，曹妃甸实华已成为本公司的间接非全资附属公 司及其财务业绩将并表至本集团的合并财务报表。 虽然曹妃甸实华的股权结构并无变动，但订立独家营运协议使本公司得以加强对曹妃甸实华原油码头业 务的营运协调及管理。尤其是，独家营运协议使本公司得以对客户资源管理、原油接卸协调及营运调度 行使更大影响力，从而提升整体营运效率、加强成本控制及优化码头资源利用率。董事认为，该等安排 有利于曹妃甸实华的长期、稳定及有效营运，并符合本公司及其股东的整体利益。 ...

Market Movements - US stock index futures are all up, with Dow futures rising by 0.33%, S&P 500 futures up by 0.31%, and Nasdaq futures increasing by 0.29% [1] - European indices also show positive movement, with Germany's DAX up by 1.22%, UK's FTSE 100 up by 0.11%, France's CAC40 up by 0.74%, and the Euro Stoxx 50 up by 0.59% [2] Oil Prices - WTI crude oil is down by 0.09%, priced at $64.57 per barrel, while Brent crude oil is down by 0.17%, priced at $69.28 per barrel [3] Economic and Market News - David Einhorn of Greenlight Capital predicts that the Federal Reserve will cut interest rates "far more than twice" this year, contrary to market expectations, citing political pressure and upcoming leadership changes at the Fed as catalysts for aggressive rate cuts [4] - John Cito from Apollo Asset Management warns that the software industry is entering a "violent technology cycle," with a significant reset in valuation logic as the market begins to aggressively differentiate between winners and losers [5] - The Federal Reserve is reportedly planning to revoke certain non-public corrective orders issued to banks, signaling a potential easing of regulatory burdens [6] Employment Data - The US non-farm payrolls report for January showed an increase of 130,000 jobs, significantly exceeding the market expectation of 70,000, leading to a delay in rate cut expectations from June to July [7] - Moody's Chief Economist Mark Zandi cautions against overconfidence in the employment data, suggesting that the labor market remains fragile and susceptible to shocks [7] Company-Specific News - Apple (AAPL.US) faces delays in its AI upgrade plan for Siri, with significant features potentially being rolled out in multiple phases rather than all at once [9] - Sanofi (SNY.US) announced a sudden CEO change, with Paul Hudson stepping down amid disappointing R&D results, leading to a drop in stock price by over 6% [10] - Cisco (CSCO.US) reported a 10% year-over-year revenue increase to $15.3 billion, but stock fell over 7% due to concerns over future profit margins amid rising storage chip costs [11] - Applovin (APP.US) reported a 66% revenue increase in Q4, with net profit soaring by 84%, indicating strong performance in the AI and digital advertising space [12] - McDonald's (MCD.US) achieved its fastest revenue growth in over two years, with Q4 sales reaching $7 billion, driven by value meal offerings [13] - Confluent (CFLT.US) exceeded expectations in Q4, with revenue rising by 21% to $314.8 million, marking a strong performance before its acquisition by IBM [14] - Albemarle (ALB.US) reported a Q4 revenue of $1.43 billion but faced a net loss of $455.9 million, leading to a drop in stock price by over 2% [15] - Unilever (UL.US) reported Q4 sales of €12.6 billion, slightly down year-over-year, but expects stable growth in 2026, supported by a €1.5 billion share buyback plan [16]

微软(MSFT.US)人工智能业务负责人穆斯塔法.苏莱曼表示，公司正寻求在AI领域实现"真正的自给自 足"，通过自主研发高性能模型，逐步降低对OpenAI的技术依赖。 苏莱曼透露，这一战略转向始于2025年10月微软与OpenAI合作关系重构之后。据悉，自此微软开始独 立构建最前沿技术，而非继续倚重外部伙伴。 微软迄今已向OpenAI累计投资逾130亿美元，持有这家ChatGPT开发商近27%股权。 "我们必须开发自己的基础模型——站在绝对前沿、拥有吉瓦级算力，以及全球顶尖的AI训练团队。"苏 莱曼表示。他是谷歌DeepMind联合创始人之一，于2024年3月加入微软。 苏莱曼表示，微软的目标是通过打造"专业级通用人工智能"抢占更多企业市场份额。这类AI工具可为律 师、会计师、项目经理、营销人员等知识工作者完成日常工作。 "未来12到18个月内，白领坐在电脑前完成的大部分任务，都将由AI完全自动化。"他说。 未来两到三年内，AI智能体将能在大型机构内部工作流中实现更优协同。据悉，这类AI工具还将具备 持续学习、持续进化的能力，自主执行更多任务。 "创建新模型将像做播客、写博客一样普及，"苏莱曼表示，"未来，地 ...

Core Viewpoint - The company plans to invest in a comprehensive base for key materials supporting the integrated circuit manufacturing industry in Sichuan Pengshan Economic Development Zone, with a total planned investment of 600 million yuan [1] Group 1: Investment Details - The investment includes projects for an annual production of 200,000 tons of ultra-pure electronic-grade and industrial-grade sulfuric acid, 220,000 tons of steam, and 30,000 tons of ultra-pure electronic-grade hydrogen peroxide [1] - The project also encompasses a waste acid regeneration and recycling project to support the integrated circuit industry [1] Group 2: Strategic Importance - This investment aligns with the company's strategic development needs and aims to expand the production capacity of high-purity hydrogen peroxide, high-purity sulfuric acid, and industrial sulfuric acid [1] - The initiative is expected to better serve customers in the Sichuan-Chongqing region, enhance future growth potential, and create new performance growth points for the company [1] - The project is anticipated to strengthen the company's core competitiveness and industry influence [1]

为配合港府推出的"高速充电桩鼓励计划"，港灯早前提供相关资料以协助港府制作港岛区"电力供应可 用性地图"，便利营运商选址安装高速充电桩。目前港岛区已有约50支高速充电桩的工程项目申请获政 府发出认可通知书。 过去数年，港灯亦为多个电动车充电基建项目提供度身订造的供电方案，包括支持油站改建为快速充电 站，并协助安装港岛首批600千瓦级超快速充电系统。同时支持海上交通绿色转型，推动海陆交通工具 电气化。 自港府推出"EV屋苑充电易资助计划"以来，港灯已经为470个屋苑停车场提供供电容量、电力负荷及备 用容量等评估数据，协助用户规划和建设充电基础设施，涵盖港岛区合共逾5万个车位。 智通财经AP获悉，港灯(02638)发言人表示，欢迎香港环境及生态局今日发表《香港电动车普及化路线 图更新版》，为香港电动车发展提供更清晰及全面的政策指引。港灯将继续全力支持并配合政府推动电 动车在香港的广泛应用。此外，港灯正筹备将于年内推出住宅电动车分时段供电不同价目的安排，鼓励 电动车用户在电力系统低用量的时候为电动车充电，为客户提供更具弹性的充电选项，以响应更新版路 线图的政策方向，进一步推动低碳生活和可持续发展。 ...

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Core Viewpoint - The company, Maoye International (00848), anticipates a net loss of approximately RMB 200 million to RMB 250 million for the fiscal year 2025, primarily due to impairment losses on investment properties and goodwill [1] Financial Performance - For the fiscal year 2024, the company reported a net loss of approximately RMB 99.92 million [1] - Excluding the impairment losses of approximately RMB 300 million on investment properties and RMB 100 million on goodwill and construction properties, the operating net profit for 2025 is expected to be around RMB 100 million [1] Impairment Losses - The expected net loss for 2025 is mainly attributed to the impairment losses on investment properties and goodwill, with a projected fair value decline of investment properties from approximately RMB 21.8 billion to about RMB 21.5 billion, representing a decrease of about 1.4% [1] - The company anticipates recognizing a fair value change loss of approximately RMB 300 million, which will impact net profit by about RMB 230 million [1] - Additionally, the company expects to recognize impairment losses on goodwill and construction properties of around RMB 100 million [1]

Group 1 - The company, Fulongma (603686.SH), announced a plan to issue shares to specific investors, aiming to raise a total of no more than 1.005 billion yuan [1] - The net proceeds from the fundraising, after deducting issuance costs, will be used for the construction of a smart sanitation operation comprehensive service platform and the establishment of a research and development center for unmanned sanitation equipment [1]

Core Viewpoint - NetEase Cloud Music (09899) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1 - The company will repurchase 91,100 shares at a total cost of HKD 14.9931 million [1] - The buyback price per share ranges from HKD 159.8 to HKD 167.2 [1]

Core Viewpoint - The company announced the appointment of Mr. Liu Hongkang as a non-executive director, effective from February 12, 2026, until the end of the second board's term [1] Group 1 - The appointment was approved by shareholders at a special general meeting [1] - The board meeting held on January 27, 2026, reviewed and approved Mr. Liu's appointment, pending shareholder approval [1] - Mr. Liu will also serve as a member of the board's audit committee and strategic development committee [1]