东方电气(01072)再涨超6%，截至发稿，涨6.06%，报30.44港元，成交额3.45亿港元。 消息面上，美国数据中心建设热潮引发用电荒。全球能源监测机构的全球油气工厂追踪数据显示，截至 2026年1月，美国在建天然气发电装机容量超过29吉瓦，一年内翻了一番还多。中泰证券认为，当前燃 气轮机行业需求处于快速增长期，高端供给存在瓶颈、且国产替代政策全面发力，建议重点关注在关键 环节占据卡位优势，且具备持续技术护城河的头部厂商。 华鑫证券此前指出，中国燃气轮机制造企业依托技术积累、成本优势及产业链协同能力，有望迎来海外 市场战略窗口期。公司凭借自主研制的F级重型燃气轮机G50成功实现海外突破，已获取哈萨克斯坦江 布尔州50兆瓦联合循环发电项目核心设备订单，标志着国产重型燃机首次实现整机出口。 智通财经APP获悉，东方电气(01072)再涨超6%，截至发稿，涨6.06%，报30.44港元，成交额3.45亿港 元。 ...

本次交易涉及关联方：韩旭虹。 香港联交所最新数据显示，2月4日，邹国俊增持VICON HOLDINGS(03878)178万股，每股均价0.2438港 元，总金额约为43.40万港元。增持后最新持股数目约为1.54亿股，最新持股比例为32.04%。 ...

公司商品代鸡苗销量和金额同比环比均大幅下降，主要原因是此次停孵期处于2026年1月，因此1月商品 代鸡苗销量和收入下降(停孵：系孵化厂为避免毛鸡在春节假期出栏无法宰杀而提前避开生产的年度常 规操作) 民和股份（002234）(002234.SZ)发布公告，公司2026年1月销售商品代鸡苗1,625.41万只，同比变 动-36.89%，环比变动-45.20%;销售收入3,726.78万元，同比变动-40.55%，环比变动-63.81%。 ...

本田汽车(HMC.US)周二表示，受美国进口关税和电动汽车需求疲软的影响，其第三财季营业利润同比下 降61.4%，连续第四个季度下滑。这家仅次于丰田汽车(TM.US)的日本第二大汽车制造商公布，第三财季营 业利润为1534亿日元(约合9.8707亿美元)，低于LSEG调查的分析师的平均预期1745亿日元。相比之下，去 年同期营业利润为3973亿日元。 该公司维持截至2026年3月财年的营业利润指引为5500亿日元，低于上一财年的1.21万亿日元。该公司表 示，其汽车业务在本财年的前九个月出现营业亏损。而第三财季营收同比下降3.4%至5.34万亿日元。 | Yen (billion) | FYE March 31, 2025 Results | FYE March 31, 2026 Revised forecast | Amount | Change | Change from previous forecast | | --- | --- | --- | --- | --- | --- | | Sales revenue | 21,688.7 | 21,100.0 | - 588.7 | - 2.7% | + ...

Core Viewpoint - Harbin Pharmaceutical Group Co., Ltd. (哈药股份) announced that its subsidiary, Harbin Pharmaceutical Group Pharmaceutical Factory (哈药总厂), received approval from the National Medical Products Administration for the injectable Cefoperazone Sodium, indicating successful consistency evaluation of quality and efficacy for generic drugs [1]. Group 1 - The approved injectable Cefoperazone Sodium is available in two dosages: 1.0g and 0.5g, with respective notification numbers 2026B00713 and 2026B00715 [1]. - Cefoperazone Sodium is indicated for infections caused by sensitive bacteria, including lower respiratory tract infections, urogenital infections, gynecological infections, bacteremia/sepsis, skin and soft tissue infections, abdominal infections, bone and joint infections, and central nervous system infections [1].

Core Viewpoint - Guosen Securities projects that the net profit attributable to shareholders of Strength Development (01277) will reach RMB 1.31 billion, RMB 1.70 billion, and RMB 2.02 billion for the years 2025-2027, corresponding to PE ratios of 10.6, 8.2, and 6.9 respectively, with a reasonable valuation range of RMB 1.8-2.0, equivalent to HKD 2.03-2.26, indicating a premium of 15%-28% compared to the closing price on February 6 [1] Group 1: Company Overview - The company is a high-quality private comprehensive coal enterprise, listed in Hong Kong since March 2012, with the controlling shareholder Zhang Liang holding 62.96% of the shares as of June 30, 2025 [1] - The company is transitioning from a single thermal coal producer to a diversified coal producer, with coal business revenue and gross profit expected to account for approximately 95% and 102% respectively in 2024 [1] Group 2: Mining Operations - The Dafanpu coal mine, operational since 2012, has an annual capacity of 6.5 million tons, with a resource volume of approximately 360 million tons and reserves of about 160 million tons as of the end of 2024 [2] - The coal quality is excellent, characterized as low-sulfur and high-ash melting point, leading to higher selling prices, and the mine is noted for its safety, efficiency, and low extraction costs, contributing significantly to the company's revenue and cash flow [2] Group 3: Expansion Plans - The company is developing two coking coal mines, Yong'an and Wei Yi, with annual production capacities of 1.2 million tons and 900,000 tons respectively, both expected to reach full production by 2026 [3] - The company announced a strategic investment to acquire 51% of South Africa's MC Mining, focusing on the development of the Makhado open-pit coal mine, which is expected to start production by the end of 2025 [3] Group 4: Non-Coal Mining Ventures - A subsidiary, Metal Mining, signed an agreement for a large-scale ilmenite mining project in Sierra Leone, with an expected gross profit increase of approximately RMB 330 million from the first phase and an additional RMB 230 million from the second phase [4] Group 5: Financial Performance and Dividends - The company has shown stable operational improvement, reducing its debt-to-asset ratio from 68% in 2013 to a low of 24% in 2021, and has been paying regular dividends since 2017 [5] - For 2024, the company plans to distribute a total dividend rate of 56.6%, with a declared dividend of HKD 0.085 per share for 2025, yielding a dividend rate of 4.8% based on the closing price on February 6 [5]

瑞银发布研报称，将民生银行（600016）(01988)评级由"中性"上调至"买入"，基于其估值处于深度折 让，2026年预测市账率仅0.22倍(相对中信银行(00998)为0.47倍)；以及受益于营收改善及资产负债表风 险已大规模释放，盈利很可能自2026年开始迎来拐点，目标价从5.43港元轻微下调至5.3港元。 市场当前仍以盈利压力将持续存在的定价逻辑来看待民行，而瑞银分析认为其拨备风险可能已见顶。随 着盈利预计在2026年达到平衡，并自2027年起转为正增长，该行认为其估值重评潜力将超过近期的股本 回报率疲软。瑞银将民行2026至29年每股盈利预防上调5-6%，但同时因短期市场波动，轻微上调资金 成本(CoE)至11.5%。 ...

全新店型"奈雪纤.Studio店"重构茶饮消费场景 此次亮相的奈雪纤.Studio店，是奈雪对茶饮消费场景的深度革新。项目负责人表示"我们根据市场洞察 和数据梳理，发现42%消费者渴望独特健康记忆点，38%期待社交与疗愈兼具的第三空间"，基于此， 门店以"自然植愈力+艺术趣味感+松弛生活感"为三大核心基因，将空间打造成"可逛、可坐、可沉浸"的 生活美学载体。 2026年2月10日，健康茶饮领导者奈雪的茶(02150)全新门店"纤.Studio店"在深圳海岸城开启试营业。作 为奈雪深耕健康赛道与场景创新的双重标杆，该门店不仅独家首发"低GI&多纤"全新产品系列，更 以"Nature+Art+Imagination"为核心理念，打造集自然健康、艺术美学与松弛社交于一体的沉浸式茶饮空 间。值得一提的是，该门店以低GI&多纤控糖为健康产品创新特色，"更多纤维，更慢升糖"有望引领茶 饮行业新的健康风向标。 战略产品首发：低GI&多纤系列引领健康茶饮新风向 作为奈雪2026年核心战略落地的关键，奈雪纤.Studio店独家上线6款"低GI&多纤"核心产品，涵盖多纤 蔬果昔与低GI多纤果蔬茶两大品类，"更多纤维，更慢升糖"精 ...

Core Insights - The global data center industry is experiencing sustained high growth, with total capacity expected to increase from 103 GW in 2023 to 200 GW by 2030, nearly doubling in size [1] - The Asia-Pacific region's capacity is projected to grow from 32 GW to 57 GW, with a compound annual growth rate (CAGR) of 12% [1] - Major players are driving growth through a dual strategy of "self-built + leased" facilities [1] Industry Growth and Trends - China's data center market has expanded rapidly, entering a super investment cycle in sync with global trends, but faces constraints from energy infrastructure and supply chain risks [4] - By 2024, China's data center electricity consumption is expected to exceed 1,660 billion kWh, accounting for 1.68% of total electricity consumption, with a year-on-year growth of 10.7% [4] - In a high scenario, AI growth could push China's computing center electricity consumption to over 7,000 billion kWh by 2030, representing 5.3% of total electricity consumption [4] Technological Developments - Companies are increasingly adopting hybrid architecture that integrates local facilities, third-party hosting services, large-scale cloud platforms, and distributed edge nodes to meet security, compliance, and performance requirements [5] - AI workloads are projected to account for half of global data center capacity by 2030, with inference workloads surpassing training workloads around 2027 [6] - The power density of individual racks is expected to rise to 40-100+ kW, necessitating the adoption of liquid cooling systems as a standard [6] Market Dynamics - The global data center utilization rate is projected to reach 97% by the end of 2025, with 77% of ongoing projects already pre-leased, indicating a healthy market without signs of excessive vacancy [7] - The demand for data centers is not solely reliant on AI, as data generation, storage, network traffic, and cloud service revenues are all maintaining a long-term CAGR of over 20% [7] Investment Landscape - Data centers are currently one of the most attractive asset classes in commercial real estate, with direct investment transactions reaching approximately $75 billion since 2020 [9] - The issuance of asset-backed securities (ABS) and commercial mortgage-backed securities (CMBS) backed by data centers has been doubling annually since 2020, with expectations to reach $50 billion by 2026 [15] - In China, the first public REITs for data centers were launched in August 2025, reflecting growing confidence in this asset class [16]

值得注意的是，近期市场多条传闻称，太盟投资集团、广东省旅游控股集团有限公司、中信资本旗下的 信宸资本均有可能是恒大物业潜在卖家。然而截至目前并没有任何一方对此给予明确回复。 消息面上，2月6日，恒大物业公告称，公司清盘人已接获若干选定的投标人提交的经更新要约方案，目 前正在审阅并考虑相关条款。根据公开资料整理，公告未披露投标方身份、报价金额及资产范围，仅表 示清盘人将继续推进潜在出售程序。 恒大物业(06666)尾盘涨超5%，截至发稿，涨5.36%，报1.18港元，成交额2463.17万港元。 ...