Core Viewpoint - The company, Anglikang (002940.SZ), has announced its participation in the national organized procurement for the continuation of products whose agreements have expired, with some of its products expected to be selected in the upcoming procurement process [1] Group 1 - The company is involved in the national organized procurement for the first to eighth batches of products whose agreements have expired [1] - The continuation procurement office released the proposed selection results on February 10, 2026, indicating that some of the company's products are likely to be selected [1]

l 繼景I 据港交所2月11日披露，思源电气（002028）股份有限公司(简称：思源电气，002028.SZ)向港交所主板 递交上市申请，中信证券为其独家保荐人。招股书显示，思源电气是全球输配电设备制造商及电力能源 综合解决方案提供商。根据弗若斯特沙利文的资料，按2024年中国输配电及控制设备市场收入计，公司 在国际企业中排名第八、在国内企业中排名第五及在国内民营企业中排名第三、市场份额为3.5%。 作 为行业内少数具备电力系统一次设备、二次设备及储能相关设备研发制造与一体化解决方案能力的企业 之一，思源电气构建了覆盖开关类、变压器类、保护及自动化类、电力电子类、储能系统及组件类、 EPC类等六大核心业务线的产业链布局，形成"产品+解决方案+服务"的业务生态和丰富的产品矩阵。 Sievuan Electric Co., Ltd. 思 源 電 氣 股 份 有限公司 (於中華人民共和國註冊成立的股份有限公司) | | | 獨家保薦人、[編纂]、[編纂]、 【编纂】 40中信证券 I编纂|數目 .. |编纂|股H股(可予重新分配) I编纂|數目 :: |编纂|股H股(可予重新分配及視乎|编纂|獲行使與否 血定) 最 ...

Core Viewpoint - Deutsche Bank (德银天下) announced the resignation of Mr. Wang Wenqi due to age reasons, effective from February 11, 2026, for the position of Deputy General Manager and from the date of appointment of a new director for the position of Executive Director of the Second Board [1] Group 1 - Mr. Wang Wenqi has submitted his resignation as Deputy General Manager due to age reasons [1] - The resignation will take effect on February 11, 2026 [1] - Mr. Wang will also resign from his position as Executive Director of the Second Board upon the appointment of a new director [1]

Core Viewpoint - China Resources Power (00836) reported a significant increase in electricity sales from its subsidiaries for January 2026, indicating strong growth in both wind and solar energy sectors [1] Group 1: Electricity Sales Performance - The total electricity sales volume from subsidiaries reached 23.78879 million megawatt-hours, representing a year-on-year increase of 28.4% [1] - The electricity sales from subsidiary wind farms amounted to 4.92998 million megawatt-hours, with a year-on-year increase of 7.2% [1] - The electricity sales from subsidiary solar power stations reached 1.27939 million megawatt-hours, showing a substantial year-on-year increase of 72.3% [1]

Group 1 - Deutsche Bank is increasing its efforts to provide financing support for ultra-wealthy clients' investments in the sports industry, recognizing it as a globally accepted asset class [1] - The bank appointed Sowmya Kotha in London and Joshua Frank in New York to focus on the sports sector, both of whom are seasoned employees from the bank's wealth financing division [1] - The surge in team valuations is attributed to strong television ratings, leading wealthy families to invest more in sports alongside global asset management firms like Apollo Global Management and Ares Management [1] Group 2 - U.S. clients are three times more likely to allocate assets to sports compared to European clients, indicating a potential missed opportunity for European families [2] - Notable wealthy individuals in Europe, such as arms tycoon Michal Strnad and industrialist Jim Ratcliffe, are also actively pursuing sports investments, with Ratcliffe investing approximately $1.5 billion in Manchester United [2] - The English Premier League is highlighted as a key area for Deutsche Bank's expansion, along with women's teams and other sports, emphasizing the need for sports to be part of broader asset allocation discussions [2]

向日葵（300111）(300111.SZ)发布公告，公司子公司浙江贝得药业有限公司(以下简称"贝得药业")于近 日参与了国家组织第1-8批(不含胰岛素专项采购，下同)集采药品协议期满品种接续采购的申报，根据国 家组织集采药品协议期满品种接续采购办公室(以下简称"接续采购办公室")于2026年2月10日发布的 《国家组织集采药品协议期满品种接续采购拟中选结果公示》显示，贝得药业部分产品拟中选本次集中 采购。本次拟中选产品克拉霉素片和辛伐他汀片均为国家医保目录产品。 ...

Group 1 - Tianqi Lithium Industries (002466)(09696) announced that all conditions of the revised and restated placement agreement have been met, and the placement was completed on February 11, 2026 [1] - The placement agent successfully placed a total of 65.05 million shares at a price of HKD 45.05 per share to no less than six subscribers, with an estimated net price of approximately HKD 44.95 per share [1] - Additionally, all conditions of the revised and restated subscription agreement have been met, and bonds totaling RMB 2.6 billion were issued on February 11, 2026 [1] Group 2 - The bonds can be converted into H-shares under the terms and conditions specified, with an initial conversion price of HKD 51.85 per H-share, subject to adjustments [1] - Assuming the bonds are fully converted at the initial conversion price, they will convert into approximately 56.48 million H-shares [1]

网易-S(09999)公布2025年第四季度业绩，净收入为人民币275.47亿元。同比增加3.0%。毛利润为约人民 币177亿元，同比增加8.7%。归属于公司股东的净利润为人民币62.42亿元。第四季度股利为每股0.232 美元。 "我们以又一个稳健的季度业绩表现收官2025年，彰显了我们卓越的游戏长线运营能力，以及在全球市 场日益提升的影响力，"网易首席执行官兼董事丁磊先生说。"AI已成为我们研发与运营的基础核心能 力。我们已系统化地将AI应用于游戏开发与玩法创新之中。目前，AI已在提升生产效率方面取得显著 成效，并为我们的玩家解锁了前所未有的全新交互体验。" "展望未来，网易各业务线将持续聚焦打造优质产品。通过构建创新型人才生态体系，深化与全球伙伴 的合作，稳步推进AI应用能力建设，从而不断增强游戏的生命力，提供新颖的产品体验，为全球玩家 和股东创造更大的价值。"丁磊先生总结道。 其中，游戏及相关增值服务净收入为人民币220亿元，同比增加3.4%。有道净收入为人民币16亿元，同 比增加16.8%。网易云音乐净收入为人民币20亿元，同比增加4.7%。 于2025年，净收入约1126.26亿元，同比增长6.9 ...

为促进本公司的可持续经营及发展，维护投资者的长期利益及使股东价值最大化，经综合考虑本公司目 前的经营状况，财务状况及未来发展前景，董事会决定于本公告日期至本公司下届股东周年大会结束 (届时购回授权将届满)或股东于本公司股东大会上撤销或更改授权期间，本公司将根据市场状况及购回 授权，动用最高总额港币壹亿元不时于公开市场上购回股份，每股股份的实际购回价格不得比股份于紧 接每次购回前五个交易日的平均收市价高出5%或以上。董事会认为，股份回购计划符合本公司及其股 东的整体最佳利益。 喜相逢集团(02473)发布公告，董事会拟根据于2025年6月18日举行之本公司股东周年大会上本公司股东 通过的决议案授予董事会的一般授权，以购回本公司股份的权力。根据购回授权，本公司获准购回于股 东周年大会日期已发行股份总数最多10%的本公司股份，即最多1.55亿股股份。 ...

Core Insights - NetEase Cloud Music (09899) reported a revenue of approximately 7.759 billion yuan for 2025, with a gross profit of about 2.77 billion yuan, reflecting a year-on-year growth of 3.3% [1] - The annual profit reached approximately 2.746 billion yuan, marking a significant year-on-year increase of 75.4%, while the adjusted net profit was around 2.86 billion yuan, up by 68.2% [1] Group 1: User Engagement and Community Development - The company continues to expand and deepen its music-oriented community ecosystem, leading to growth in user scale and activity [1] - Daily active users (DAU) as a percentage of monthly active users (MAU) maintained above 30%, showing steady improvement compared to 2024 [1] - The average daily listening time for mobile users has also increased, indicating enhanced user engagement [1] Group 2: Content Strategy and Partnerships - The company has enriched its copyright music reserves and actively promoted original Chinese music, creating a diverse and unique content library [1] - In 2025, the company introduced content from Korean labels to supplement its Chinese music library, adding film soundtracks and variety show music [1] - The company deepened collaborations with labels for content promotion and music-centric activities, while its independent musician ecosystem continued to thrive [1] Group 3: Product Innovation and User Experience - The company prioritized user needs and focused on innovating music discovery and listening experiences [2] - In 2025, the core product framework was upgraded to enhance visual appeal and better meet diverse music discovery preferences [2] - The launch of the self-developed AI generative recommendation model "Climber" and features like Automix and "Shen Guang Player" provided an immersive audio-visual experience [2] Group 4: Revenue and Profitability - The monetization capability centered around music continued to achieve steady growth, with membership subscription revenue increasing by 13.3% due to a rise in membership scale [2] - The growing membership scale demonstrated stronger user stickiness, with improved retention and activity rates [2] - The company's gross margin reached 35.7% in 2025, significantly up from 33.7% in 2024, with operating profit increasing by 38.5% due to business scale growth and improved online music commercialization capabilities [2]