Group 1 - Tongce Medical's chairman and executives plan to increase their shareholding by 6 to 12 million yuan within six months, following recent purchases totaling approximately 1.34 million yuan [1] - Luxshare Precision has repurchased 9.9006 million shares for nearly 500 million yuan, representing 0.14% of its total share capital [2] - Jintai Construction's subsidiary won a project in Malaysia worth approximately 281 million yuan, accounting for 1.53% of the company's audited revenue for 2024 [3] Group 2 - Kela Co. announced the removal of independent director Jing Naiquan due to loss of independence and failure to fulfill duties [4] - Mingyang Smart Energy is planning to acquire 100% of Zhongshan Dehua Chip Technology Co., with ongoing audits and evaluations [5] - BGI Genomics intends to sell a subsidiary's equity for approximately 50 million USD and adjust licensing agreements [6] Group 3 - Guotou Capital reported that valuation adjustments at Guotou Ruijin Fund are expected to impact 2026 net profit by less than 5% [7] - Donghong Co. won a bid for a pressure steel pipe project worth 353 million yuan [9] - Yashi Chuangneng's major shareholder's shares, amounting to 2.9165% of total shares, will be auctioned, but it will not affect the company's operations [10] Group 4 - Frontier Biotech signed an exclusive licensing agreement with GlaxoSmithKline, receiving an upfront payment of 40 million USD and potential milestone payments totaling up to 950 million USD [11] - Kede CNC's major shareholders committed not to reduce their holdings for the next six months [12] - Richen Co. reported a 31.87% increase in net profit for 2025, driven by market expansion and operational efficiency [13] Group 5 - Jiayou International's PPP project in Zambia has officially commenced commercial operations and charging [14] - Junxin Co. updated its H-share listing application, pending approvals from regulatory bodies [15] - Shuangliang Energy's subsidiary won a bid for a 100 million yuan project in the Middle East [16][17] Group 6 - Baili Tianheng's drug candidate achieved primary endpoints in a Phase III clinical trial for triple-negative breast cancer [18] - ST Jinglan announced a significant stock price increase of 86.90% without major changes in performance, warning of potential stock suspension if prices continue to rise [19] - *ST Huiteng projected a revenue of 330 to 400 million yuan for 2025, with negative net profit expected [20]

证券代码：603871 证券简称：嘉友国际 公告编号：2026-004 嘉友国际物流股份有限公司 关于对外投资赞比亚萨卡尼亚口岸和恩多拉至穆富利拉道路升级改造项目的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、对外投资概述 嘉友国际物流股份有限公司（简称"公司"）于2023年分别召开第三届董事会第十三次会议、第三届董事 会第十六次会议，同意公司全资子公司中非国际物流投资有限公司（简称"中非国际"）的控股子公司 JASWIN PORTS LIMITED（简称"JASWIN公司"、"特许公司"）和赞比亚财政部、公路发展局、贸工部 签署《萨卡尼亚口岸、恩多拉至穆富利拉公路以及通往萨卡尼亚边境道路的设计、融资、建设、运营特 许权合同》。合同约定由JASWIN公司投资、建设、运营赞比亚萨卡尼亚口岸和恩多拉至穆富利拉道路 升级改造项目（简称"赞比亚萨卡尼亚PPP项目"）。赞比亚萨卡尼亚PPP项目的特许权期限为22年，投 资总额为76,129,229.48美元，其中公司持有JASWIN公司90%股权，投资金额为68,516, ...

证券代码：603871 证券简称：嘉友国际 公告编号：2026-004 嘉友国际物流股份有限公司 关于对外投资赞比亚萨卡尼亚口岸和恩多拉至穆富利拉道 路升级改造项目的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、对外投资概述 嘉友国际物流股份有限公司（简称"公司"）于 2023 年分别召开第三届董事 会第十三次会议、第三届董事会第十六次会议，同意公司全资子公司中非国际物 流投资有限公司（简称"中非国际"）的控股子公司 JASWIN PORTS LIMITED（简 称"JASWIN 公司"、"特许公司"）和赞比亚财政部、公路发展局、贸工部签署《萨 卡尼亚口岸、恩多拉至穆富利拉公路以及通往萨卡尼亚边境道路的设计、融资、 建设、运营特许权合同》。合同约定由 JASWIN 公司投资、建设、运营赞比亚萨卡 尼亚口岸和恩多拉至穆富利拉道路升级改造项目（简称"赞比亚萨卡尼亚 PPP 项目"）。赞比亚萨卡尼亚 PPP 项目的特许权期限为 22 年，投资总额为 76,129,229.48 美 元 ， 其 中 公 司 持 有 JA ...

嘉友国际公告称，2023年其同意子公司参与投资的赞比亚萨卡尼亚PPP项目，特许权期限22年，投资总 额7612.92万美元，公司持股90%。2024年6月，JASWIN公司签订总承包合同。2026年2月22日，恩多拉 至萨卡尼亚17.26公里公路及附属工程完工运营并收费；萨卡尼亚口岸工程部分完成，配套工程推进 中；萨卡尼亚至穆富利拉公路路基等完成，主体和附属工程有序推进。项目将产生稳定收入，提升区域 运输效率和公司竞争力。 ...

经济观察网嘉友国际（603871）于2026年2月10日召开了第四届第五次董事会会议，审议了《关于使用 闲置自有资金进行现金管理的议案》等文件。这一事件涉及公司资金管理决策。 以上内容基于公开资料整理，不构成投资建议。 ...

Core Viewpoint - The company plans to apply for a comprehensive credit facility of up to RMB 2.6 billion or equivalent foreign currency from various financial institutions to support its operational needs [1][2]. Group 1: Credit Facility Application - The company intends to apply for a total credit facility not exceeding RMB 2.6 billion, which can be used for various credit services including bank loans, bank acceptance bills, guarantees, letters of credit, and bill discounts [1]. - The credit facility will be available for a period of 12 months from the date of board approval and can be reused during this period [1][2]. - The actual financing amount will depend on the specific agreements made with the banks, and the board has authorized the chairman or designated agents to handle related procedures [1][2]. Group 2: Board Meeting Details - The fourth board meeting was held on February 10, 2026, with all seven directors present, and the meeting complied with relevant laws and regulations [4]. - The board unanimously approved the proposal to apply for the comprehensive credit facility, with all votes in favor [7][8]. Group 3: Use of Idle Funds for Cash Management - The company has also approved the use of idle self-owned funds for cash management, with an investment limit of up to RMB 1.3 billion or equivalent foreign currency [11][15]. - The investment aims to enhance the efficiency of fund usage without affecting daily operations and ensuring fund safety [14][19]. - The authorized period for this cash management initiative is also set for 12 months from the board's approval [12][17].

Investment Rating - The report assigns an "Accumulate" rating for the logistics and warehousing industry [5]. Core Insights - The report highlights a turning point in the China-Mongolia business, with the steady recovery of traffic at the Ganqimaodu port, stabilization and upward trend in short-distance freight rates, and a continuous rebound in the price of Mongolian coking coal, collectively driving the company's performance into a recovery phase [2]. Summary by Sections Traffic and Freight Volume - The daily traffic at Ganqimaodu port has shown a steady increase, with an average of 1,495 vehicles per day from January 26 to January 29, 2026, representing a week-on-week increase of 22.2% and a year-on-year increase of 258.9%. Cumulatively, from the beginning of 2026, the port has recorded a total of 29,642 vehicles, up 37.2% year-on-year [5]. - The import and export cargo volume at Ganqimaodu port has also seen significant year-on-year growth, with January 2026 cargo volume increasing by 58% to 2.4532 million tons. By the end of Q3 2025, the cumulative cargo volume was 30.0266 million tons, with a narrowing year-on-year decline, and an annual total of 43.0585 million tons, reflecting a year-on-year increase of 6% [5]. Freight Rates - Short-distance freight rates have stabilized and begun to rise. In the first half of 2025, the average short-distance freight rate was down 34.5% year-on-year due to fluctuations in domestic demand for Mongolian coal. However, with the recovery in demand, the average short-distance freight rate has stabilized in the range of 60-70 yuan per ton, with a cumulative average of 66 yuan per ton in 2026. From January 26 to January 30, 2026, the average short-distance freight rate was 65 yuan per ton, unchanged from the previous period but up 8.3% year-on-year [5]. Company Performance - The report indicates that Jiayou International achieved revenue of 2.486 billion yuan in Q3 2025, a year-on-year increase of 30.61%, with a net profit attributable to shareholders of 313 million yuan, down 4.90% year-on-year. For the first three quarters of 2025, the company reported revenue of 6.570 billion yuan, a slight increase of 0.40% year-on-year, and a net profit of 874 million yuan, down 19.72% year-on-year. The increase in revenue and the narrowing of the net profit decline are attributed to the recovery of cross-border business with Mongolia and the rise in coking coal prices [5]. - The average market price of coking coal in the second half of 2025 increased by 29.13% to 1,383 yuan per ton. With the ongoing "anti-involution" policy, coal prices have stabilized and begun to rise, leading to a gradual recovery in demand for Mongolian coal, which in turn has driven the daily traffic and short-distance freight rates at Ganqimaodu port to rise, resulting in continuous improvement in the company's performance. The company has established a strong competitive advantage through strategic positioning in core logistics infrastructure at the port and is effectively consolidating its leading position and market share in the China-Mongolia business [5].

Investment Rating - The report assigns an "Accumulate" rating for the logistics and warehousing industry [5]. Core Insights - The report highlights a turning point in the China-Mongolia business, with the steady recovery of traffic at the Ganqimaodu port, stabilization and upward trend in short-distance freight rates, and a continuous rebound in the price of Mongolian coking coal, collectively driving the company's performance into a recovery phase [2]. Summary by Sections Traffic and Freight Volume - The daily traffic at Ganqimaodu port has shown a steady increase, with an average of 1,495 vehicles per day from January 26 to January 29, 2026, representing a week-on-week increase of 22.2% and a year-on-year increase of 258.9%. Cumulatively, from the beginning of 2026, the port has recorded a total of 29,642 vehicles, up 37.2% year-on-year [5]. - In January 2026, the freight volume at Ganqimaodu port increased by 58% year-on-year to 2.4532 million tons. By the end of Q3 2025, the cumulative import and export volume reached 30.0266 million tons, with a gradual narrowing of the year-on-year decline, achieving a total of 43.0585 million tons for the year, up 6% year-on-year [5]. Freight Rates - Short-distance freight rates have stabilized and are on the rise. In the first half of 2025, the average short-distance freight rate was down 34.5% year-on-year due to fluctuations in domestic demand for Mongolian coal. However, with the recovery in demand, the average short-distance freight rate has stabilized in the range of 60-70 yuan per ton. As of January 26-30, 2026, the average short-distance freight rate was 65 yuan per ton, unchanged from the previous period but up 8.3% year-on-year [5]. Company Performance - The report indicates that Jiayou International achieved revenue of 2.486 billion yuan in Q3 2025, a year-on-year increase of 30.61%, with a net profit attributable to shareholders of 313 million yuan, down 4.90% year-on-year. For the first three quarters of 2025, the company reported revenue of 6.570 billion yuan, a slight increase of 0.40% year-on-year, and a net profit of 874 million yuan, down 19.72% year-on-year. The increase in revenue and the narrowing of the net profit decline are attributed to the recovery of cross-border business and the rise in coking coal prices [5]. - The average market price of coking coal in the second half of 2025 increased by 29.13% to 1,383 yuan per ton. The ongoing "anti-involution" policy has stabilized coal prices, leading to a gradual recovery in demand for Mongolian coal, which in turn has boosted daily traffic and short-distance freight rates at Ganqimaodu port, contributing to the continuous improvement in the company's performance. The company has established a strong competitive advantage through strategic positioning in core logistics infrastructure and is effectively consolidating its leading position and market share in the China-Mongolia business [5].

（记者 曾健辉） 每经头条（nbdtoutiao）——10倍价差刷屏！"外国人来华就医"火了，三位亲历者这样说⋯⋯ 每经AI快讯，嘉友国际2月10日晚间发布公告称，公司第四届第五次董事会会议于2026年2月10日在公 司会议室以现场结合通讯方式召开。会议审议了《关于使用闲置自有资金进行现金管理的议案》等文 件。 ...

证券代码：603871 证券简称：嘉友国际 公告编号：2026-002 嘉友国际物流股份有限公司 关于使用闲置自有资金进行现金管理的公告 特别风险提示：公司购买的理财产品属于安全性高、流动性好、中风险 以下（含中风险）的理财产品，风险总体可控，但金融市场受宏观经济影响较大， 不排除因市场波动影响投资收益的情况，敬请投资者注意投资风险。 一、投资情况概述 （一）投资目的：为提高嘉友国际物流股份有限公司（简称"公司"）自有 资金使用效率，在不影响公司日常经营和确保资金安全的前提下，使用闲置自有 资金进行现金管理，增加公司投资收益。 （二）投资额度：不超过人民币 13 亿元或等值外币，在上述额度内资金可 以滚动使用。 （三）资金来源：公司闲置自有资金。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资种类：安全性高、流动性好、中风险以下（含中风险）的理财产品。 投资额度：不超过人民币 13 亿元或等值外币，在上述额度内资金可以滚 动使用。 授权期限：自董事会审议通过之日起 12 个月内。 已履行的审议程序：经第四 ...