Core Viewpoint - The company, YN Holdings, is planning to invest in the computing power industry, which is seen as a strategic move to align with its development needs and capitalize on the growing demand for digital infrastructure [2][4][16]. Group 1: Investment in Computing Power - YN Holdings announced its intention to acquire a controlling stake in Zhengzhou Heying Data Co., Ltd. through its subsidiary, Xiantian Computing (Henan) Technology Co., Ltd. [2][5][17]. - Xiantian Computing was established on March 27, 2024, with a registered capital of 100 million yuan, and is currently wholly owned by Henan Investment Group [5][17]. - Zhengzhou Heying primarily operates large-scale data centers, with facilities located in Hebei Province, serving the real-time computing needs of the Beijing-Tianjin-Hebei region [5][17]. Group 2: Data Center Capacity and Strategic Positioning - As of the announcement date, Zhengzhou Heying holds and plans data center IT capacity exceeding 1 GW, ranking among the top in the country [6][17]. - The Heying Data (Huailai) Technology Industrial Park is noted as the largest green computing cluster in the Beijing area, utilizing advanced cooling technologies and integrated site selection strategies [6][17]. - The transaction is expected to leverage both companies' strengths in green power supply and regional layout, promoting low-carbon transformation and seizing industry opportunities [18]. Group 3: Financial Performance and Market Impact - Following the announcement, YN Holdings' stock price surged to 7.54 yuan per share, marking a new high in nearly three and a half years, with a market capitalization of 11.5 billion yuan [18]. - The company has been focusing on enhancing its renewable energy generation capacity and adjusting its asset structure to support its transformation [20]. - YN Holdings anticipates a significant turnaround in profitability, projecting a net profit of 305 million to 391 million yuan for 2025, compared to a loss of 121 million yuan in the previous year [22].

Core Viewpoint - The Henan state-owned enterprise reform sector experienced a slight increase of 0.45% on February 11, with YN Holdings leading the gains, while the overall market showed mixed results with the Shanghai Composite Index up by 0.09% and the Shenzhen Component Index down by 0.35% [1]. Group 1: Market Performance - The closing price of YN Holdings was 7.54, reflecting a significant increase of 10.07% with a trading volume of 128,800 shares and a transaction value of 97.11 million yuan [1]. - Other notable performers included Xinxiang Chemical Fiber, which closed at 7.17 with a rise of 2.58%, and Shenma Co., which saw a 1.41% increase to close at 8.65 [1]. - The overall performance of the Henan state-owned enterprise reform sector was mixed, with some stocks experiencing gains while others faced declines [1]. Group 2: Capital Flow - The main capital flow for the Henan state-owned enterprise reform sector showed a net outflow of 166 million yuan from institutional investors, while retail investors saw a net inflow of 239 million yuan [2]. - The detailed capital flow indicated that YN Holdings had a net inflow of 43.79 million yuan from institutional investors, but a net outflow of 22.64 million yuan from retail investors [3]. - Other companies like Xinxiang Chemical Fiber and Tai Long Pharmaceutical also experienced varied capital flows, with institutional and retail investors showing different trends in their investments [3].

Core Viewpoint - Henan YN Holding Co., Ltd. is planning to invest in its controlling shareholder's subsidiary, Xiantian Computing (Henan) Technology Co., Ltd., and jointly acquire the controlling stake in Zhengzhou Heying Data Co., Ltd. This move aims to enhance the company's position in the data center sector, which is crucial for AI competitiveness and energy consumption stability [1][3]. Group 1: Investment and Strategic Moves - The transaction will result in Henan Investment Group becoming the controlling shareholder of Xiantian Computing, while YN Holding will hold a minority stake [1]. - The acquisition of Zhengzhou Heying will allow for resource synergy, leveraging strengths in green power supply and regional layout to promote low-carbon transformation and seize industry opportunities [3]. Group 2: Industry Context and Data Center Insights - Zhengzhou Heying specializes in large-scale third-party data center operations, with over 1GW of IT capacity, positioning it among the top in the country [2]. - The data centers are strategically located in Hebei Province, serving the real-time computing needs of the Beijing-Tianjin-Hebei region, and are designed with a focus on green computing [2]. Group 3: Financial Performance and Future Outlook - YN Holding has reported net losses from 2021 to 2024 but anticipates a turnaround in 2025 with projected net profits between 305 million to 391 million yuan, attributed to reduced power generation costs [4]. - The strategic move into data centers is expected to diversify YN Holding's business structure, reducing reliance on traditional thermal power and enhancing profitability and asset valuation in the long term [4].

Group 1: Banking and Wealth Management - The scale of bank wealth management products has decreased by approximately 815 billion yuan, with 14 major wealth management companies managing a total of 24.59 trillion yuan as of the end of January 2026, marking a decline for the second consecutive month since reaching a peak in November 2025 [1][2] - Despite the decline, there is optimism in the industry as low fixed deposit rates and a large amount of fixed deposits maturing in 2026 may lead to a reallocation of household wealth towards wealth management products [1] - Sales of bank wealth management products surged before the Spring Festival, with some products breaking sales records, indicating a potential recovery in the market [1] Group 2: Private Equity and Investment - The number of domestic private equity firms managing over 10 billion yuan has reached a record high of 122, increasing by 10 from the end of December 2025 [1] - Eight new private equity firms entered the 10 billion yuan club in January 2026, showcasing a growing trend in the private equity sector [1] Group 3: Energy Market - The EIA's short-term energy outlook report predicts that Brent crude oil prices will average $58 per barrel in 2026, up from a previous estimate of $56 per barrel, while WTI crude oil prices are expected to average $53.42 per barrel, an increase from $52.21 per barrel [2] Group 4: Silver Market - The World Silver Association forecasts that the silver market will experience a supply deficit for the sixth consecutive year in 2026, with a projected shortfall of 67 million ounces [3] - Global silver demand is expected to remain stable, driven by robust retail investment, which may offset declines in other key demand areas such as jewelry and industrial use [3] Group 5: IPO Market - The Hong Kong IPO market has been active in 2026, with fundraising exceeding 79 billion HKD, representing a year-on-year increase of over 1220% [3][4] - As of February 10, 2026, 422 companies are queued for IPOs in Hong Kong, with over 100 having submitted applications since the beginning of the year [3] Group 6: Credit Card Industry - In 2025, 65 credit card centers were closed, surpassing the total number of closures from 2020 to 2024, indicating a significant contraction in the credit card industry [4] - The trend of closing credit card centers is spreading from state-owned and joint-stock banks to city commercial banks, reflecting a shift from expansion to competition in the credit card sector [4] Group 7: Corporate Actions - Ningde Times issued its first green technology innovation bond for 2026, raising 5 billion yuan with a coupon rate of 1.70% [6] - Huazhang Technology plans to acquire 100% of Huayi Microelectronics for 29.96 billion yuan, aiming to enhance its packaging and testing business in the semiconductor sector [10]

随着国内数字经济步入高质量发展轨道，作为支撑数字经济发展的关键基础设施，数据中心及相关配套 产业正迎来需求快速增长的黄金期，展现出强劲的发展潜力。标的资产在该领域占据优势地位，拥有完 善的项目全流程运营体系，以及一批高价值的头部客户资源，通过长期服务大型互联网企业积累了较强 的竞争优势。 公司顺应当前数字经济发展的趋势，充分发挥自身在电力、新能源等领域积累的经验和优势，探索延伸 产业链，战略性布局数据中心领域，开辟新的业务增长空间。本次交易将实现双方资源优势互补，挖 掘"电算协同"优势，河南投资集团和上市公司将依托在绿色电力供应和区域布局方面的资源禀赋，为标 的资产提供战略发展空间，共同推进低碳转型，抢占行业发展机遇。 格隆汇2月11日丨豫能控股(001896.SZ)公布，公司正在筹划参股投资公司控股股东河南投资集团有限公 司(以下简称"河南投资集团")下属控股企业先天算力(河南)科技有限公司(以下简称"先天算力")，并联合 河南投资集团以先天算力为收购主体，收购郑州合盈数据有限责任公司(以下简称"郑州合盈")控股权相 关事项。本次参股投资事项尚处筹划阶段，存在较大不确定性，敬请投资者注意投资风险。 ...

豫能控股2月11日公告，公司正在筹划参股投资公司控股股东河南投资集团下属控股企业先天算力（河 南）科技有限公司，并联合河南投资集团以先天算力为收购主体，收购郑州合盈数据有限责任公司控股 权相关事项。此次参股投资事项尚处筹划阶段，存在较大不确定性。 ...

智通财经APP讯，豫能控股(001896.SZ)公告，公司正在筹划参股投资公司控股股东河南投资集团有限公 司(简称"河南投资集团")下属控股企业先天算力(河南)科技有限公司(简称"先天算力")，并联合河南投资 集团以先天算力为收购主体，收购郑州合盈数据有限责任公司控股权相关事项。 据悉，数据中心及相关配套产业正迎来需求快速增长的黄金期。标的资产在该领域占据优势地位，拥有 完善的项目全流程运营体系，以及一批高价值的头部客户资源，通过长期服务大型互联网企业积累了较 强的竞争优势。 公告显示，合盈数据主要从事第三方超大规模数据中心业务，下属数据中心主要分布于河北省张家口市 怀来县、廊坊市，位于京津冀节点，定位服务首都及周边地区实时算力需求，布局张家口市怀来县东花 园镇合盈数据(怀来)科技产业园、桑园镇合盈数据(怀来)智谷算力产业园、廊坊市合盈数据(廊坊)临空经 济区大数据产业园等新型绿色算力集群。截至本公告披露日，合盈数据持有及规划的数据中心IT容量超 过1GW，整体规模居全国前列。其中，合盈数据(怀来)科技产业园是环京区域最⼤的绿⾊算⼒集群。 ...

公告显示，合盈数据主要从事第三方超大规模数据中心业务，下属数据中心主要分布于河北省张家口市 怀来县、廊坊市，位于京津冀节点，定位服务首都及周边地区实时算力需求，布局张家口市怀来县东花 园镇合盈数据(怀来)科技产业园、桑园镇合盈数据(怀来)智谷算力产业园、廊坊市合盈数据(廊坊)临空经 济区大数据产业园等新型绿色算力集群。截至本公告披露日，合盈数据持有及规划的数据中心IT容量超 过1GW，整体规模居全国前列。其中，合盈数据(怀来)科技产业园是环京区域最的绿算集群。 据悉，数据中心及相关配套产业正迎来需求快速增长的黄金期。标的资产在该领域占据优势地位，拥有 完善的项目全流程运营体系，以及一批高价值的头部客户资源，通过长期服务大型互联网企业积累了较 强的竞争优势。 豫能控股（001896）(001896.SZ)公告，公司正在筹划参股投资公司控股股东河南投资集团有限公司(简 称"河南投资集团")下属控股企业先天算力(河南)科技有限公司(简称"先天算力")，并联合河南投资集团 以先天算力为收购主体，收购郑州合盈数据有限责任公司控股权相关事项。 ...

证券代码：001896 证券简称：豫能控股 公告编号：临 2026-07 河南豫能控股股份有限公司 关于筹划参股投资暨关联交易事项的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1.河南豫能控股股份有限公司（以下简称"公司"或"上市公司"）正在筹 划参股投资公司控股股东河南投资集团有限公司（以下简称"河南投资集团"） 下属控股企业先天算力（河南）科技有限公司（以下简称"先天算力"），并联 合河南投资集团以先天算力为收购主体，收购郑州合盈数据有限责任公司（以下 简称"郑州合盈"）控股权相关事项。本次参股投资事项尚处筹划阶段，存在较 大不确定性，敬请投资者注意投资风险。 2.本次交易预计不构成《上市公司重大资产重组管理办法》所规定的重大资 产重组。本次交易不涉及上市公司发行股份，不会导致上市公司控股股东和实际 控制人变更。 3.本次交易涉及与关联方共同投资事项，将构成关联交易。 4.截至本公告披露日，先天算力拟收购郑州合盈的具体比例尚未确定；先天 算力增资的审计、评估工作尚未完成，具体增资金额及比例待审计、评估工作完 成后，签署相关协议予 ...

格隆汇2月9日丨豫能控股(001896.SZ)在互动平台表示，公司未与超聚变有直接或间接的合作。 ...