美国最高法院将2月20日定为最新裁决公布日，市场正密切关注该院是否会就一项可能推翻美国总统特 朗普关键关税政策的案件作出裁定。这一判决不仅在美国国内引发高度关注，也牵动着全球贸易与金融 市场的神经。 最高法院同时还计划在2月24日和25日公布更多裁决意见，此前法院经历了为期四周的休庭期。与关税 相关的案件，是去年10月和11月已完成庭审、但尚未裁定的12起案件之一。 争议关税已给美国进口商带来沉重负担。根据联邦政府数据，这些关税每月令企业额外承担超过160亿 美元的成本。经济研究分析师Chris Kennedy估算称，若维持当前征收节奏，到2月20日，依据《1977年 国际紧急经济权力法》(IEEPA征收的关税总额可能突破1700亿美元。 若最高法院裁定不利于特朗普，这将成为其重返白宫以来遭遇的最大法律挫败之一。法院正在审议的是 特朗普于4月2日推出的所谓"解放日关税"，该措施对大多数进口商品征收10%至50%的关税，并以打击 芬太尼走私为由，对来自加拿大、墨西哥和中国的商品额外加征关税。 值得注意的是，在司法审查推进的同时，国会层面对关税政策的反弹迹象也开始显现。由共和党主导的 众议院本周三通过立法，投票决 ...

Group 1 - A negative research report against AppLovin has been fully retracted, alleviating shareholder concerns [1] - The independent research firm Capitalwatch previously accused AppLovin of being a "money laundering machine" for Southeast Asian criminal groups, but has now withdrawn all allegations [1] - Capitalwatch will no longer publish any updates regarding AppLovin, despite earlier indications of releasing more "explosive" reports [1] Group 2 - AppLovin's stock rose by 6.44% to $390.55 after a significant drop of 20% despite strong quarterly earnings [2] - Morgan Stanley noted a 14% quarter-over-quarter growth in AppLovin's advertising revenue for Q4, exceeding the company's previous target of 12% [2] - Morgan Stanley maintains an "overweight" rating on the stock, lowering the target price from $800 to $720, citing innovation in advertising targeting technology [2] Group 3 - Bank of America has also reduced its forecast for AppLovin's e-commerce advertising channel for Q1 but sees potential upside if daily ad spending growth exceeds current assumptions [2] - Bank of America maintains a "buy" rating and lowers the target price from $780 to $705, emphasizing AppLovin's strong position in the gaming advertising sector [2]

Group 1 - The Hong Kong stock market saw a net inflow of 202.19 billion HKD from northbound trading, with 114.77 billion HKD from the Shanghai Stock Connect and 87.43 billion HKD from the Shenzhen Stock Connect [2] - The most net bought stocks included the Tracker Fund of Hong Kong (02800), Alibaba-W (09988), and Tencent (00700), while the most net sold stocks were Longi Green Energy (601869) and CNOOC (00883) [2][8] - Northbound trading showed significant interest in semiconductor stocks, with Huahong Semiconductor (01347) and SMIC (00981) receiving net purchases of 8.46 billion HKD and 5.73 billion HKD respectively [6] Group 2 - Tencent Holdings (00700) had a net inflow of 22.00 billion HKD, with total trading volume reaching 35.63 billion HKD [3] - Alibaba-W (09988) received a net inflow of 20.13 billion HKD, with a total trading volume of 28.70 billion HKD [3] - Meituan-W (03690) saw a net inflow of 10.35 billion HKD, with a total trading volume of 14.60 billion HKD [3] Group 3 - Huahong Semiconductor reported a fourth-quarter revenue of 659.9 million USD, a significant quarter-on-quarter increase of 22.4%, with a gross margin of 13.0% and a net profit of 34.1 million USD, reversing a previous loss [6] - SMIC also reported strong performance, contributing to the positive sentiment in the semiconductor sector [6] - CNOOC (00883) faced a net outflow of 1.43 billion HKD amid geopolitical tensions and market shifts towards supply-demand dynamics [7]

Core Viewpoint - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series, including the inclusion of LeShuShi (02698) in the Hang Seng Composite Index, effective March 9, 2026 [1] Company Overview - LeShuShi is a multinational hygiene products company focused on rapidly developing emerging markets in Africa, Latin America, and Central Asia, primarily engaged in the development, manufacturing, and sales of baby diapers, baby pull-ups, sanitary napkins, and wet wipes [1] - The company operates under several brands, including Softcare, Veesper, Maya, Cuettie, and Clincleer, with product sales covering over 30 countries in West Africa, East Africa, and Central Africa [1] - A significant portion of the company's revenue during the historical period came from sales to African customers [1] Market Implications - The inclusion of LeShuShi in the Hang Seng Composite Index may lead to its potential addition to the Hong Kong Stock Connect, as it meets various criteria such as market capitalization, liquidity, and listing duration [1]

本次交易完成之后，上市公司将控制标的公司100%股权，进一步提高对标的公司的权益享有比例，进 一步增强公司行业影响力，有利于保护全体股东特别是中小股东的利益，巩固上市公司核心竞争力。 经公司申请，公司股票将于2026年2月24日(星期二)开市起复牌。 润泽科技（300442）(300442.SZ)发布公告，上市公司拟向中金算力基金等12名投资者通过发行可转换 公司债券的方式购买其合计持有的广东润惠科技发展有限公司42.56%股权，并向不超过35名特定投资 者发行股份募集配套资金。 上市公司是全国领先的综合算力中心领域的科技公司，主营业务包括IDC业务和AIDC业务。本次重组 为上市公司发行可转换公司债券购买中金算力基金等12名投资者持有合并范围内控股孙公司广东润惠 42.56%的少数股权，广东润惠的主营业务与上市公司相同，主要为IDC业务和AIDC业务。因此，本次 重组前后上市公司主营业务领域不会发生变化。 ...

Group 1 - The Ministry of Industry and Information Technology has announced the development of five mandatory national standards for intelligent connected vehicles, marking a significant policy boost for the industry [1] - The draft standards aim to establish a new phase of "safe, compliant, and orderly development" for the intelligent driving industry in China, providing a solid foundation for the regulation of advanced autonomous driving [1] - The draft clarifies key terms and definitions related to autonomous driving systems, detailing technical requirements and safety standards, particularly for critical aspects such as task handover and testing environments [1] Group 2 - Youjia Innovation has developed comprehensive intelligent driving technology capabilities from L1 to L4, continuously improving its product matrix and launching the iPilot 4 series of mid-to-high-level intelligent driving solutions [2] - The company’s products are capable of meeting the technical requirements outlined in the new standards, particularly for L3 additional requirements, and have successfully implemented scenarios in various cities [2] - Youjia Innovation's DMS (Driver Monitoring System) solutions align with the new standards, ensuring seamless interaction with autonomous driving systems by monitoring driver readiness [2][3] Group 3 - Since 2019, Youjia Innovation has built a strong advantage in DMS technology development and production, becoming one of the first suppliers to help manufacturers obtain EU safety certifications [3] - The company is among the few in the industry to advance both L2 and L4 technologies while achieving deep collaboration in cockpit solutions, positioning itself to leverage policy benefits for market expansion [3] - The advancement of these policies represents a significant opportunity for Youjia Innovation to enhance its core value and gain a first-mover advantage in the evolving regulatory landscape [3]

Group 1 - The Hang Seng Index Company announced the quarterly review results for the Hang Seng Index series as of December 31, 2025, with XunCe (03317) being included in the Hang Seng Composite Index [1] - The changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026, leading to adjustments in the eligible stocks for the Hong Kong Stock Connect [1] - According to CICC research, XunCe is likely to be included in the Hong Kong Stock Connect due to meeting various criteria, including market capitalization, liquidity, and listing duration [1] Group 2 - XunCe Technology focuses on real-time data infrastructure and analytical solutions, developing a millisecond-level AI Data Agent platform [1] - The platform drives real-time data analysis and efficient decision-making across various industries, including finance, urban operations, energy, high-end manufacturing, healthcare, satellites, robotics, telecommunications, and consumer markets in the AI era [1] - During the implementation of large AI models, XunCe's real-time data platform assists enterprises in addressing challenges related to data dispersion and insufficient real-time capabilities [1]

Core Viewpoint - JinDan Technology (300829.SZ) announced an increase in investment for its 75,000 tons per year polylactic acid biodegradable material project due to prolonged construction periods and rising costs [1] Group 1: Project Investment - The project requires an additional investment of 148 million yuan, bringing the total estimated investment to 1.03 billion yuan [1] - The increase in costs is attributed to the rising prices of imported equipment and foreign exchange losses during the feasibility study and contract execution phases [1] - Additional investments were made to enhance the project's intelligence level and operational efficiency, including the construction of auxiliary facilities and technical service fees [1]

Group 1 - The company expects revenue of approximately HKD 34.34 million for the six months ending December 31, 2025, representing a year-on-year decline of about 38.7% [1] - The primary reason for the revenue decrease is the disposal of income-generating assets in the information technology business segment and a 30% reduction in revenue from the automobile rental and shuttle bus services, amounting to approximately HKD 7 million [1] - The company recognized a fair value loss of approximately HKD 9.348 million on financial liabilities measured at fair value through profit or loss during the period, which was not present in the previous period, helping to mitigate the impact on net loss due to reduced management expenses [1] Group 2 - The expected loss attributable to the company's owners for the period is estimated to be between HKD 22 million and HKD 25 million, an increase of approximately HKD 3 million to HKD 6 million compared to the loss of approximately HKD 19.238 million in the corresponding period [1]

微创心通-B(02160)发布公告，近日，国家药品监督管理局"NMPA"医疗器械技术审评中心发布《创新医 疗（002173）器械特别审查申请审查结果公示(2026年第3号)》，拟同意集团旗下新一代植入式心律转 复除颤器(ICD)TILEN/EYLEN(泰然╱怡然)进入创新医疗器械特别审查程序(NMPA绿色通道)。据此， TILEN/EYLEN(泰然╱怡然)有望成为国内首款获批的具备自主知识产权的磁共振条件安全ICD。 TILEN/EYLEN(泰然╱怡然)作为国家科技部立项的国家重点研发计划项目核心产品，旨在填补国内技 术空白，其主要技术优势包括： 自动MRI功能：显著降低非同步模式导致的患者不适，并简化MRI扫描流程; 远程随访：基于低功耗蓝牙技术，依托国内数据中心，构建完整解决方案，增强患者随访依从性; 行业领先的使用寿命：有效减少因设备更换引发的感染风险，降低患者长期经济负担。 心源性猝死(SCD)，是指急性心脏相关症状发作后1小时内发生的以意识突然丧失为特征的、由心脏原 因引起的自然死亡，是全球主要的死亡原因之一，而多项大型临床试验证据已经充分证实ICD是目前预 防SCD最为有效的措施，能在患者发生危及 ...