Core Viewpoint - The A-share merger and acquisition market is currently active, with over 20 companies announcing significant asset restructuring since February 1, including Huapei Power and Zhongnan Culture [1][2]. Group 1: Huapei Power - On February 12, Huapei Power announced plans to acquire 100% equity of Meichuang Zhiguan through convertible bonds and cash, which is expected to constitute a major asset restructuring [1][3]. - The acquisition involves issuing shares to no more than 35 specific investors to raise matching funds, and the transaction is classified as a related party transaction but will not result in a change of control [3]. - Huapei Power's recent performance forecast indicates a projected net loss of 27 million to 47 million yuan for 2025, a significant decline from a profit of 65.61 million yuan in the previous year, primarily due to changes in customer production plans and goodwill impairment losses [4]. Group 2: Zhongnan Culture - On February 12, Zhongnan Culture announced plans to acquire controlling interest in Jiangyin Sulong Thermal Power through share issuance and cash payment, which is also expected to constitute a major asset restructuring [1][5]. - The acquisition agreement with Jiangyin Electric Power Investment Co., Ltd. is in the preliminary stages, and the final price will be determined based on an evaluation report from a qualified agency [5][6]. - Zhongnan Culture reported a revenue of 910 million yuan for the first three quarters of 2025, a year-on-year increase of 40.10%, with a net profit of 82.23 million yuan, up 130.97% from the previous year [6]. Group 3: Jiangyin Sulong Thermal Power - Jiangyin Sulong Thermal Power, established in December 1993, has a registered capital of 2.4 billion yuan and is engaged in power generation and thermal energy supply [6][7]. - The company operates six coal-fired generating units with a total installed capacity of 1.215 million kilowatts and an annual power generation capacity of 7 billion kilowatt-hours [6][7]. - The ongoing expansion project at Jiangyin Sulong, with a total investment of approximately 5.6 billion yuan, aims to replace older units and is expected to generate an annual revenue of nearly 3 billion yuan upon completion in 2027 [7].

随着2026年"史上最长春节假期"临近，一场由政策引领、金融全线参与的消费促进行动已全面铺开。 券商中国记者发现，近期，银行、支付机构等金融机构积极响应政策号召，纷纷推出形式多样、力度空前的促 消费活动。 从线上专属活动专区到线下特色市集，从境内消费满减到境外消费返现，一系列精准、普惠的金融举措正密集 落地。 政策定调，打造春节消费盛宴 2月11日，国务院新闻办公室举行新闻发布会，商务部副部长盛秋平详细介绍了2026"乐购新春"春节特别活 动。此次活动时间聚焦于2月15日至23日（农历腊月二十八至正月初六）的9天春节假期，旨在打造一场全域联 动、全民乐享的春节消费盛宴。 据悉，各地已统筹安排高达20.5亿元资金，计划在假期内通过发放消费券、补贴、红包等多种形式，直接惠及 广大消费者。这一顶层设计为金融机构参与促消费指明了方向，提供了政策与资金协同的有力支撑。 1月23日，《2026"乐购新春"春节特别活动方案》（以下简称"方案"）正式发布。方案围绕2026年春节9天假 期，以繁荣节日市场、丰富群众文化生活、激发假期消费活力为目标，致力于打造一场全域联动、全民乐享的 消费盛宴。 近段时间以来，建设银行策划开展" ...

事关"人工智能+"，深圳最新发文。 今日（2月12日），据深圳工信微信公众号消息，深圳市工业和信息化局近日印发《深圳市"人工智能+"先进制造业行动计划（2026—2027年）》（以下简称《行动 计划》），从打造重点支撑平台、赋能重点产业集群、强化工作保障三个方面提出了13条具体举措，抢抓智能化与工业化交汇融合的历史机遇，加快人工智能技术 与制造业全过程、全要素深度融合。 《行动计划》明确，推动人工智能技术应用于半导体产业链的关键环节，利用AI优化芯片设计、软件代码等领域和环节的效率。以AI芯片为突破口做强半导体产 业，面向AI手机、AI眼镜、智能机器人等各类AI终端需求，研发高性能、高能效专用SoC主控芯片，支持存算一体、存内计算等新型架构处理器。 深圳重磅发布 2月12日消息，深圳市工业和信息化局近日印发《深圳市"人工智能+"先进制造业行动计划（2026—2027年）》，其中提出，到2027年，在"人工智能+"先进制造业领 域，建成国家人工智能应用中试基地（消费领域移动终端方向），建设工业智能体创新中心，组建工业知识联盟，开放百个应用场景，打造百个垂直行业模型及工 业智能体，推广百个示范应用，形成"一基地、 ...

Group 1 - The core viewpoint of the article highlights that the domestic industry chain will continue to experience growth due to the return of overseas supply chains and the replacement of old products by new domestic products by 2026 [1] - The strong demand for storage driven by artificial intelligence is squeezing the supply of storage chips for mid-to-low-end applications, leading to supply shortages and price increases for terminal manufacturers [1] - Orders related to AI, storage, and mid-to-high-end applications are increasing, while orders for mid-to-low-end products are decreasing due to the aforementioned factors [1] Group 2 - The company maintains a favorable position in the current industry cycle due to its technological reserves and leading advantages in various segments such as BCD, analog, storage, MCU, and mid-to-high-end display drivers [2] - The company plans to respond to urgent market demands and aims to continue revenue growth in 2026, with supply-demand dynamics leading to price increases for certain products [2] - The company prioritizes support for iterative products in R&D, engineering, and capacity to stabilize product prices and enhance control over average selling prices (ASP) [2]

据新华社援引美国《华尔街日报》12日报道，两艘美国海军舰船11日在加勒比海进行舰对舰补给作业时发生碰 撞，造成2人轻伤。 另据环球网报道，美军一名发言人表示，当地时间11日，一艘美军军舰与一艘参与加勒比海军事部署的海军补 给舰在进行燃油补给时发生碰撞，造成两人受轻伤。 美国南方司令部发言人埃马纽埃尔·奥尔蒂斯表示，碰撞原因尚不清楚，事件正在调查中。具体碰撞地点暂未 公布。 来源：新华社、环球网 责编：汪云鹏 校对： 廖胜超 F 百万用户都在看 集体大涨！刚刚，利好突袭！芯片，大消息 今晚，突发公告！多只大牛股，紧急提示风险！ 开盘，"一字"封板！外围大利好，彻底引爆！ 美联储，突发！美国财长，紧急发声！ 央行，重磅发布！商业航天，大消息！算力，利好！脑机接口，重大突破！影响一周市场的十大消息 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 ...

据路透社2月12日报道，据印度媒体报道，印度国防采购委员会12日通过一项初步提案，拟斥资3.25万亿卢比 （约合2804亿美元）从法国达索飞机制造公司采购114架"阵风"战斗机。 未 经 授 权 禁 止 转 载 ， 否 则 将 追 究 相 应 法 律 责 任 。 看券商中国 知天下财经 来源：参考消息 责编：汪云鹏 校对： 廖胜超 百万用户都在看 开盘，"一字"封板！外围大利好，彻底引爆！ 美联储，突发！美国财长，紧急发声！ 央行，重磅发布！商业航天，大消息！算力，利好！脑机接口，重大突破！影响一周市场的十大消息 利好来了！刚刚，福建重磅发布！ 重大信号！49万亿巨头，批量减持！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 券中社 × 券商中国 券 中 社 扫码下载券中社APP 扫码关注券商中国公众号 quanshangcn qzs.stcn.com 舞中 券中社APP 券 商 中 国 是 证 券 市 场 权 威 媒 体 《 证 券 时 报 》 旗 下 新 媒 体 , 券 商 中 国 对 该 平 台 所 刊 载 的 原 创 内 容 享 有 著 作 权 , 近几个月来，印 ...

网信部门从严整治传播无AI标识的虚假不实信息问题 近期，部分网络账号发布AI生成合成信息时，不添加AI标识，存在利用虚假不实内容欺骗误导公众的问题， 破坏网络生态，造成恶劣影响。网信部门督促网站平台深入排查整治，依法依约处置账号13421个，清理违法 违规信息54.3万余条。现将部分典型案例通报如下： 一、微博账号"澄馫"、快手账号"玲子爱狗狗"、哔哩哔哩账号"空空说电影"等，发布狗在高铁站救下婴儿、狗 拆炸弹救人、鳄鱼伤人等视频时，未添加AI生成标识，借虚构感人故事、猎奇事件恶意博取流量。相关账号 已被依法依约处置。 二、微信账号"浮萍9419"、微博账号"乘风已归来"、快手账号"东东情感"等，以AI换脸、声音克隆等方式，假 冒运动员、演员、主持人、企业家等公众人物，发布不实言论，借此吸粉引流，或未经授权，售卖AI生成的 公众人物"送祝福""拜年"等视频，从中不当牟利。相关账号已被依法依约处置。 三、抖音账号"巷子里的鱼""禾粟"、快手账号"朵姐正能量""小猪猪"等，发布AI生成的虚假火灾现场图片、视 频，恶意编造、炒作火灾事故，混淆视听，扰乱公共秩序。相关账号已被依法依约处置。 四、哔哩哔哩账号"真难我知 ...

Macro Dynamics - As of the end of 2025, a total of 15.556 billion bank accounts will be opened nationwide, including 1.20 million corporate accounts and 15.436 billion personal accounts [2] - On February 13, 2026, the People's Bank of China will conduct a 1 trillion yuan reverse repurchase operation to maintain liquidity in the banking system [3] Health and Social Services - The National Health Commission plans to increase 150,000 inclusive childcare positions in the first year of the 14th Five-Year Plan, building on the addition of 890,000 positions by 2025 [4] Fertilizer Market - The China Nitrogen Fertilizer Industry Association issued a statement regarding market speculation on urea prices, emphasizing the importance of stabilizing market expectations and maintaining price stability [5] Satellite Launch - China successfully launched seven satellites, including the Pakistan PRSC-EO2 satellite, using the Long March 3B rocket, marking a successful mission [6] Medical Technology - Guangxi successfully performed its first brain-computer interface surgery, significantly reducing tremors in a 59-year-old Parkinson's patient [7] Financial Institutions - By the end of 2025, Agricultural Bank of China’s personal consumption loan balance reached 604.3 billion yuan, an increase of 127.7 billion yuan from the beginning of the year [9] Company Dynamics - Arrow Yuan Technology completed a Series B financing round, advancing its reusable liquid launch vehicle commercialization, with plans for ground testing and a successful first flight by the end of the year [16] - SoftBank Group reported a net profit increase to 5 times year-on-year, reaching 3.1726 trillion yen, driven by investment gains from OpenAI [18] - Zhongnan Culture plans to acquire controlling stakes in Su Long Thermal Power through a combination of share issuance and cash payment, leading to a suspension of trading starting February 13, 2026 [19]

Core Viewpoint - The People's Bank of China (PBOC) announced a 1 trillion yuan reverse repo operation to inject medium-term liquidity into the banking system, marking the ninth consecutive month of net reverse repo injection [1][3]. Group 1: Reverse Repo Operations - On February 12, the PBOC will conduct a 1 trillion yuan reverse repo operation with a term of 6 months, using a fixed quantity and interest rate bidding method [1]. - In February, the PBOC has conducted a total of 1.8 trillion yuan in reverse repo operations, with a net injection of 600 billion yuan after accounting for 1.2 trillion yuan in maturing operations [3]. - The increase in net reverse repo injection in February is primarily aimed at countering potential liquidity tightening, especially with the upcoming Spring Festival and government bond issuances [3]. Group 2: Market Expectations and Tools - Analysts expect the PBOC to utilize various tools, including Medium-term Lending Facility (MLF) and structural instruments, to maintain liquidity in the market [4]. - The MLF is anticipated to continue with equal or slightly increased amounts, providing stable expectations for financial institutions amid ongoing pressure on net interest margins [4]. - The PBOC is committed to using a combination of reverse repos and MLF to ensure sufficient medium-term liquidity in the market [4].

Core Viewpoint - Multiple companies have issued risk warnings regarding their stock performance, highlighting significant short-term price increases and potential market volatility [1][2][3][4][5][6][8][9]. Group 1: Company Risk Warnings - Honghe Technology has warned that its stock price has deviated significantly, with a cumulative increase of over 20% in three consecutive trading days, urging investors to be cautious [2]. - Zhangyue Technology has indicated that its AI short drama business revenue for 2025 is expected to be less than 1% of its total revenue, alongside a projected net loss of approximately 195 million yuan for the same year [3]. - Decai Co. has noted that its subsidiary, Qixiang Wuxian, is in the early stages of development with no current business orders or revenue, advising investors to make rational judgments [3]. - Jiamei Packaging has stated that its associated company, Magic Atom, is planning independent capital operations unrelated to the listed company, warning of potential rapid stock price declines [4][5]. Group 2: Business Operations and Market Context - Shuangliang Energy clarified that it has not directly cooperated with SpaceX, despite recent media reports linking it to commercial space projects, and emphasized that its main business does not focus on this area [6][7]. - YN Holdings announced that its investment in a subsidiary does not pertain to the chip manufacturing or cloud service industries, with the investment amount expected to be no more than 1.4 billion yuan [8][9]. - International Composite has confirmed that its main business operations remain stable, with no significant changes, and it continues to focus on its core products [9].