Group 1 - The Beijing Municipal Market Supervision Administration held an administrative interview with 12 major platforms involved in online train ticket sales, including Ctrip, Qunar, and Meituan, to address prominent issues raised by the public regarding online ticket sales [1] - The platforms are prohibited from using 12306 images, text, trademarks, etc., in a way that misleads consumers into believing there is a specific business collaboration with 12306 [3] - The administration emphasized the importance of clear pricing, requiring platforms to prominently display the content and prices of value-added services, and to rectify issues where ticket display prices do not match actual payment amounts, thereby protecting consumers' right to know [3] Group 2 - The Beijing Municipal Market Supervision Administration will continue to strengthen regulatory enforcement, aiming to severely crack down on illegal activities such as false ticket grabbing, inducement transactions, and price fraud [4] - The administration encourages the public to enhance supervision over third-party online train ticket sales platforms to promote a standardized and healthy industry [4]

Core Viewpoint - In January 2026, China's automobile exports continued to grow rapidly, with a total of 681,000 vehicles exported, marking a year-on-year increase of 44.9% [3] Group 1: Export Performance - Passenger car exports reached 589,000 units in January, up 48.9% year-on-year [3] - Commercial vehicle exports totaled 93,000 units, reflecting a year-on-year increase of 23.6% [3] - The export of new energy vehicles (NEVs) significantly contributed to this growth, with 302,000 units exported in January, a year-on-year increase of 100% [3] Group 2: New Energy Vehicle Insights - Among the NEVs, 295,000 were passenger vehicles, which accounted for over 50% of total passenger car exports for the first time, representing a year-on-year growth of 110% [3] - The export of pure electric vehicles reached 202,000 units, also doubling year-on-year, while plug-in hybrid vehicle exports were 99,000 units, up 97.3% [4] Group 3: Market Dynamics - The growth in plug-in hybrid vehicle exports has been notable, with these vehicles becoming a new growth point for exports, particularly in the pickup segment [4] - Despite previous challenges due to EU tariffs on electric vehicles, plug-in hybrids remain competitive in the European market due to a lower tariff rate [4] - The overall export performance is expected to remain strong, with a projected total of 8.32 million vehicles exported in 2025, a 30% increase year-on-year [5] Group 4: Leading Companies - In January, the top ten exporting companies included Chery (119,000 units), BYD (100,000 units), SAIC (97,000 units), Geely (77,000 units), and Tesla (51,000 units), all exceeding 50,000 units [5] - Nine out of the top ten companies experienced positive growth in exports, with only Changan showing a decline [5] Group 5: Future Outlook - The export markets are shifting towards regions like the Middle East and developed countries, indicating a trend of high-quality development in exports [4][6] - As long as the international market environment remains stable, there is significant potential for further growth in China's automobile exports [6]

2026.02. 11 作者 | 一财阿驴 09:43 全市场超3800只个股下跌。 09:32 港股AI应用股盘初走强，智谱涨超11%，MINIMAX-WP涨近7%，金山云涨超3%。 09:24 港股开盘丨恒指跌0.2% 智谱涨超8% 恒指跌0.2%，恒生科技指数跌0.47%。科技股多数低开，美团、腾讯控股、百度集团跌超2%，网 易、阿里巴巴跌超1%。智谱涨8.77%，公司正式上线并开源GLM-5。 | 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | HSI | 恒生指数 | 27210.56c -55.82 | | -0.20% | | HSTECH 恒生科技 | | 5474.25 c -25.74 | | -0.47% | 09:16 人民币兑美元中间价报6.9457，调贬19个基点。前一交易日中间价报6.9438。 阿驴「全家福」套餐上线 一次集齐你的幸运符号！ 帆布包+马克杯+冰箱贴 09:27 A股开盘｜沪指涨0.12%，算力租赁板块涨幅居前 沪指涨0.12%，深成指涨0.12%，创业板指涨0.3%，科创综指涨0.43%。通 ...

2月12日早晨，摩尔线程表示，已经在旗舰级AI训推一体GPU MTT S5000上，完成了对智谱新一代 大模型GLM-5的全流程适配与验证。MTT S5000是专为大模型训练、推理及高性能计算而设计的全 功能GPU智算卡，基于第四代MUSA架构"平湖"打造，单卡AI算力最高1000 TFLOPS。 记者｜一财科技 编辑 ｜ 钉钉 ...

Core Viewpoint - The article discusses a high-profile divorce case involving Xu Zhihan, the actual controller of the leading domestic RF company, ZTE Microelectronics (卓胜微), and the implications of the divorce on company shareholding and governance [3]. Shareholding Changes - Xu Zhihan will transfer 17.15 million shares (3.21% of total shares) to Zhang Yu as part of their divorce settlement, with Zhang limited to selling no more than 10% of her shares annually [3]. - After the transfer, Xu Zhihan will hold 17.15 million shares, also representing 3.21% of the total shares [3]. - Zhang Yu has irrevocably delegated all voting rights and other non-financial rights associated with her shares to Xu Zhihan during his tenure as a director or senior manager [3]. Company Background - ZTE Microelectronics is a leading domestic RF enterprise, with its products primarily used in smartphones and other mobile smart terminal devices, as well as in smart wearables, communication base stations, automotive electronics, Bluetooth headsets, VR/AR devices, and networking equipment [9]. Financial Performance - As of January 12, ZTE Microelectronics projected a net loss of 255 million to 295 million yuan for the fiscal year 2025, compared to a profit of 402 million yuan in the previous year [10]. - The expected revenue for the same period is estimated to be between 3.7 billion and 3.75 billion yuan, reflecting a year-on-year decline of approximately 16% to 18% [10].

微信编辑 | 夏木 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com 2026.02. 12 本文字数：288，阅读时长大约1分钟 闻泰科技发布关于荷兰企业法庭就安世半导体案件最新裁决的声明。闻泰科技注意到今日荷兰阿姆斯 特丹企业法庭针对安世半导体案件做出最新裁决。企业法庭并未撤销此前的错误决定，未能解除对安 世半导体实施的临时措施，亦未能恢复闻泰科技作为安世半导体股东的合法控制权。企业法庭同时裁 定对安世半导体启动调查程序。公司对这一裁决表示极为失望与强烈不满。 （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 人民币稳定币境外发行被禁 3 0 ...

2026.02. 12 本文字数：2184，阅读时长大约4分钟 作者 | 第一财 经 樊志菁 美国劳工部最新公布的数据显示，1月全美就业增长意外加速。劳动力市场企稳的迹象，可能让美联 储在一段时间内维持利率不变，同时让政策制定者继续观察通胀走势。不少市场观点也认为，考虑到 特朗普政府的政策，不要将数据视为就业形势的实质性转变。 新增岗位集中趋势 制造业就业小幅反弹，但自特朗普重返白宫以来已累计减少逾8万个岗位。零售、公用事业、休闲与 酒店业有小幅就业增长。 金融行业再减2.2万人。运输仓储、信息、采矿与伐木行业出现就业流失。与此同时，联邦政府就业 减少3.4万人，原因是部分2025年接受延迟辞职的员工正式退出。自2024年10月触顶以来，联邦政 府就业已累计减少32.7万人。 2026年1月非农新增分项 （图源：美国劳工统计局） 美国劳工统计局表示，1月非农就业人数增加13万人，为近13个月最大增速，去年12月数据经下修 后为新增4.8万人。 分项来看，当月医疗保健行业新增8.2万人，为2020年7月以来最大增幅，这一增幅远高于2025年月 均3.3万人的水平。社会援助行业新增4.2万人。建筑业新增3.3万人 ...

微信编辑 | 夏木 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com 2026.02. 12 本文字数：322，阅读时长大约1分钟 2月12日，智谱发布GLM Coding Plan价格调整函称，近期，GLM Coding Plan市场需求持续强劲 增长，用户规模与调用量快速提升。为保障高负载下的稳定性与服务质量，公司同步加大算力与模型 优化投入，产品能力持续升级。基于实际使用情况与资源投入变化，公司决定对GLM Coding Plan 套餐价格体系进行结构性调整。调整内容如下：取消首购优惠，保留按季按年订阅优惠；套餐价格进 行结构性调整，整体涨幅自30%起；已订阅用户价格保持不变。生效时间为2026年2月12日。 （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 人民币稳定币境外发行被禁 3 0 ...

微信编辑：夏木 自2月17日（农历大年初一）01:00起，乘坐东上航实际执飞且由宽体机执飞的中国大陆往返周边国 际及地区以及澳大利亚、新西兰航线的旅客，所有舱位（含经济舱、超级经济舱）均可享受免费空中 Wi-Fi。此前，该服务仅面向两舱旅客提供。 ...

微信编辑：夏木 现货白银快速走低，跌破82美元/盎司，日内跌2.7%。 ...