Group 1 - The company Zhongmi Holdings announced that it will accept investor research on February 13, 2026, with Liang Yutao, the director of the board office and securities affairs representative, participating in the reception and answering investor questions [1] Group 2 - The article highlights a significant investment success by Xu Xin, known as the "Queen of Venture Capital," who achieved an 18-fold return on a single investment, contributing to her wealth exceeding 10 billion yuan [1]

Core Viewpoint - The company emphasizes the importance of risk management in all its business activities, adhering to regulatory requirements and internal risk control standards [1] Group 1: Risk Management - The company places risk management at the core of its business operations [1] - All investment activities are conducted in strict compliance with regulatory requirements and internal risk control standards [1] - The company employs diversified asset allocation and dynamic management to effectively mitigate potential market volatility [1] Group 2: Future Outlook - The company aims to balance returns and risks in its future operations [1] - The commitment to creating sustainable value for investors remains a priority [1]

Core Viewpoint - The company acknowledges investor concerns regarding short-term stock performance and emphasizes its commitment to enhancing long-term value through core business strengthening and optimizing shareholder returns [1] Financial Reporting - The company announced that the 2025 performance report will be disclosed on January 27, 2026, and the annual report will be officially released on March 28, 2026 [1]

Core Viewpoint - The company emphasizes that its stock price is influenced by various factors including macroeconomic conditions, policy environment, industry development, market supply and demand, market sentiment, and company performance [1] Group 1: Shareholder Value and Management - The company is committed to enhancing shareholder value through a strict market value management system, which includes cash dividends, information disclosure, investor relations management, and ESG governance [1] - Since its listing in 2009, the company has distributed a total of 37.7 billion yuan in cash dividends and repurchased shares worth 664 million yuan [1] - The mid-2025 dividend is projected to reach 1.035 billion yuan, representing a year-on-year growth of 17.82% [1] Group 2: Future Outlook - The company aims to continuously enhance its business competitiveness and strives for synchronized growth in market value and performance [1]

Core Viewpoint - China Merchants Securities emphasizes a prudent and steady investment philosophy, indicating that its investment direction will be dynamically adjusted based on market conditions and strategic planning [1] Group 1 - The company adheres to strict information disclosure rules and encourages investors to pay attention to official announcements for detailed information [1]

中国经济网北京2月13日讯 新希望(000876.SZ)昨晚披露关于向特定对象发行股票申请获得深圳证券 交易所上市审核中心审核通过的公告称，公司于近日收到深圳证券交易所出具的《关于新希望六和股份 有限公司申请向特定对象发行股票的审核中心意见告知函》，深交所发行上市审核机构对公司向特定对 象发行股票的申请文件进行了审核，认为公司符合发行条件、上市条件和信息披露要求，后续深交所将 按规定报中国证券监督管理委员会履行相关注册程序。 新希望表示，公司本次向特定对象发行股票事项尚需获得中国证监会同意注册后方可实施，最终能 否获得中国证监会作出同意注册的决定及其时间尚存在不确定性。公司将根据该事项的进展情况按照相 关规定及时履行信息披露义务。 新希望昨日披露2023年度向特定对象发行A股股票预案(第三次修订稿)显示，本次向特定对象发行 A股股票的发行对象为不超过35名符合中国证监会规定条件的特定投资者，包括证券投资基金管理公 司、证券公司、信托公司、财务公司、保险机构投资者、合格境外机构投资者及其他符合法律法规规定 的法人、自然人或其他合格机构投资者。证券投资基金管理公司、证券公司、合格境外机构投资者、人 民币合格境外机 ...

Core Insights - The consumer electronics industry is entering a new phase of deep AI empowerment by 2026, with significant growth driven by wearable/IoT and smart automotive sectors [1] - AI innovations at the edge are expected to accelerate between 2026 and 2027, with major tech companies competing to establish AI terminal entry points [1] - Despite short-term disruptions like storage price increases, the long-term growth trend of the electronics industry remains intact [1] Company Highlights - AAC Technologies (02018.HK) is identified as a key player in Apple's AI smartphone supply chain, actively participating in the development and supply of AI smartphones and AI camera headphones [1] - The company is closely aligned with Apple's AI OS upgrades and hardware iterations, allowing it to capture value from the innovations of leading brands [1] - In the wearable/IoT sector, AAC Technologies is advancing its technology and product offerings, showcasing optical solutions for viewing and AR glasses at CES 2026 [2] - The company has positioned itself in the supply chain for AI headphones and smart glasses, with its core component supply capabilities ranking among the industry's top [2] - AAC Technologies is also entering the smart automotive industry, leveraging its acoustic technology to meet the demands of leading manufacturers for AI cockpit upgrades [2] - The company is transitioning from a core component supplier in consumer electronics to a key technology supplier for AI terminals, poised to benefit from the industry dividends brought by edge AI innovations [2]

Group 1 - The consumer electronics industry is entering a new phase of AI deep empowerment by 2026, with significant growth driven by wearable/IOT and smart automotive sectors [1] - According to a report by招商证券, AI edge innovation is expected to accelerate between 2026 and 2027, as global tech giants compete to establish AI terminal entry points [1] - 瑞声科技 (AAC Technologies) is highlighted as a key player in Apple's AI smartphone supply chain, actively participating in the development and supply of AI-related products [1] Group 2 - In the wearable/IOT sector, 瑞声科技 is advancing its technology layout and product deployment, showcasing optical solutions for viewing glasses and AR glasses at CES 2026 [2] - The company has positioned itself in the supply chain for AI headphones and smart glasses, with its core component supply capabilities ranking among the industry's top [2] - 瑞声科技 is transitioning from a core component supplier in consumer electronics to a core technology supplier for AI terminals, benefiting from the ongoing development of Apple's AI ecosystem and the widespread adoption of AI terminals in the Android camp [2]

Core Viewpoint - The report from China Merchants Securities International highlights significant advancements in the AI models of leading internet companies in mainland China, indicating a strengthening investment logic in the AI sector, which is expected to aid in the valuation recovery of the Hong Kong technology sector [1] Group 1: Company Developments - ByteDance's "Seedance 2.0" and Kuaishou-W's (01024) "Keling 3.0" have shown substantial improvements in film generation capabilities [1] - Alibaba-W (09988) has introduced "Qwen-Image-2.0," which benchmarks against "Nano Banana," and its desktop agent tool "Qoder Work" is compared to "Claude Cowork" [1] - OpenRouter's "Pony Alpha" is nearing the capabilities of Anthropic's "Claude Opus 4.6," while "Kimi K2.5" has topped OpenRouter [1] Group 2: Investment Insights - The investment logic surrounding AI in leading internet companies has significantly strengthened, which is expected to support the valuation recovery of the Hong Kong technology sector [1] - Upcoming major models such as DeepSeek-V4, Alibaba's Qwen 3.5, Doubao 2.0, and Mini Max M2.2 are anticipated to act as catalysts for the next phase of growth [1] - Preferred stocks for investment include Alibaba, Tencent Holdings (00700), and Kuaishou [1]

Core Insights - The report from China Merchants Securities International highlights significant advancements in the AI models of leading internet companies in mainland China, including ByteDance's "Seedance 2.0" and Kuaishou's "Keli 3.0," which have greatly improved film generation capabilities [1] - Alibaba's "Qwen-Image-2.0" is positioned against "Nano Banana," while its desktop agent tool "Qoder Work" competes with "Claude Cowork" [1] - The global model service platform OpenRouter's "Pony Alpha" is nearing the capabilities of Anthropic's "Claude Opus 4.6," and "Kimi K2.5" has topped OpenRouter [1] Investment Logic - The investment logic surrounding AI in leading internet companies in mainland China has significantly strengthened, aiding in the valuation recovery of the Hong Kong tech sector [1] - Upcoming major models such as DeepSeek-V4, Alibaba's Qwen 3.5, Doubao 2.0, and Mini Max M2.2 are expected to act as catalysts for the next phase of growth [1] - Preferred stocks include Alibaba, Tencent Holdings, and Kuaishou [1]