Group 1 - The company Huada Technology (002185.SZ) has announced its capability in HBM-related packaging technology [1]

Core Viewpoint - Huatian Technology Co., Ltd. announced a major asset restructuring plan to acquire 100% of Huayi Microelectronics for a total transaction price of 2.996 billion yuan, marking a strategic move into the power semiconductor sector and aiming to establish a comprehensive semiconductor packaging and testing group [1]. Group 1: Transaction Details - The acquisition involves a combination of share issuance and cash payment, with a total transaction value of 2.996 billion yuan [1]. - Huayi Microelectronics is a leading high-tech enterprise in China's semiconductor industry, focusing on power device R&D, packaging, testing, and reliability verification [2]. - The financial metrics indicate that the total assets of Huayi Microelectronics are projected to be 221.98 billion yuan, with a net asset value of 107.13 billion yuan and an expected revenue of 138.28 billion yuan for 2024 [2]. Group 2: Performance Commitments - The performance commitment period for the transaction is set for the year of completion and the following two accounting years, with net profit targets of no less than 139 million yuan, 166 million yuan, and 189 million yuan for the design business in the respective years [4]. - The packaging and testing segment of Huayi Microelectronics is required to achieve a positive cumulative net profit during the commitment period, reflecting confidence in the company's growth prospects [4]. Group 3: Strategic Implications - Post-acquisition, Huatian Technology will become the sole packaging and testing platform under its parent company, achieving full asset integration and establishing a comprehensive packaging layout across various semiconductor segments [5]. - The acquisition will enable Huatian Technology to leverage Huayi Microelectronics' R&D capabilities to expand its own brand development, design, and sales in power devices, targeting multiple sectors including automotive and industrial applications [5].

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]

Core Viewpoint - Huatian Technology announced plans to issue shares and pay cash to acquire 100% of Huayi Microelectronics from 27 trading counterparties for a total transaction price of 2.996 billion yuan [1] Group 1: Transaction Details - The transaction involves a total consideration of 2.996 billion yuan [1] - The target company is expected to have total assets, net assets, and annual revenue for 2024 that do not exceed 50% of the relevant indicators of the listed company for the same year [1] - The transaction does not constitute a major asset reorganization as the controlling shareholder and actual controller of the company will remain unchanged post-transaction [1] Group 2: Regulatory Aspects - The transaction is classified as a related party transaction due to the involvement of controlling shareholders and related parties [1] - The transaction is subject to review by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission [1]

Group 1 - The company Huaten Technology announced on February 10 that its eighth board meeting was held on February 9, 2026, via communication voting [1] - The meeting reviewed the proposal regarding the issuance of shares and cash for asset acquisition and the related fundraising, which complies with relevant laws and regulations [1]

证券代码：002185 证券简称：华天科技 公告编号：2026-006 天水华天科技股份有限公司 关于控股股东权益变动的提示性公告 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。 天水华天科技股份有限公司（以下简称"公司"）控股股东天水华天电子集 团股份有限公司（以下简称"华天电子集团"）于 2021 年 11 月 5 日披露了《天 水华天科技股份有限公司简式权益变动报告书》（以下简称"《前次权益变动报 告书》"），截至 2021 年 11 月 4 日，华天电子集团通过转融通证券出借业务出 借公司 20,300,000 股股份后，持有公司 676,172,455 股股份，占公司当时总股本 的 21.10%。同时，公司实际控制人肖胜利、肖智成等 13 名自然人持有公司 1,340,346 股股份，占公司当时总股本的 0.04%。华天电子集团与公司实际控制人 合计持有公司股份 677,512,801 股，占公司当时总股本的 21.14%。 自《前次权益变动报告书》至本公告披露日，华天电子集团持有的公司股份 数量变动情况如下： 2、2022 年 8 月 2 日至 2 ...

天水华天科技股份有限公司 简式权益变动报告书 上市公司名称：天水华天科技股份有限公司 注册地址：甘肃省天水市秦州区双桥路 14 号综合办公楼 B 端四层 信息披露义务人一致行动人 1：西安后羿投资管理合伙企业（有限合伙） 注册地址：陕西省西安市经济技术开发区凤城五路 14 号赛高街区 3 幢 3 单元 17 层 1702 室 信息披露义务人一致行动人 2：肖胜利 住所或通讯地址：甘肃省天水市秦州区**** 信息披露义务人一致行动人 3：肖智成 信息披露义务人：天水华天电子集团股份有限公司 住所或通讯地址：陕西省西安市碑林区**** 信息披露义务人一致行动人 4：刘建军 住所或通讯地址：陕西省西安市未央区**** 信息披露义务人一致行动人 5：张玉明 住所或通讯地址：甘肃省天水市秦州区**** 信息披露义务人一致行动人 6：宋勇 住所或通讯地址：甘肃省天水市秦州区**** 信息披露义务人一致行动人 7：常文瑛 上市地点：深圳证券交易所 股票简称：华天科技 股票代码：002185 信息披露义务人一致行动人 8：周永寿 住所或通讯地址：甘肃省天水市秦州区**** 信息披露义务人一致行动人 9：薛延童 住所或通讯地址 ...

华泰联合证券有限责任公司 关于天水华天科技股份有限公司本次重组交易信息发布前 股票价格波动情况的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"本独立财务顾问"） 接受天水华天科技股份有限公司（以下简称"上市公司"或"华天科技"）委托， 担任上市公司向天水华天电子集团股份有限公司、西安后羿投资管理合伙企业 （有限合伙）、西安芯天钰铂企业管理合伙企业（有限合伙）等 27 名交易对方发 行股份及支付现金购买华羿微电子股份有限公司 100%股权并募集配套资金（以 下简称"本次交易"）的独立财务顾问。 本独立财务顾问就本次交易信息公布前上市公司股票价格波动情况进行了 核查，核查意见如下： 为保证公平信息披露，维护投资者利益，公司股票于 2025 年 9 月 25 日开市 起停牌。公司因本次交易事项连续停牌前 20 个交易日区间段内公司股票、深证 A 股指数（399107.SZ）、万得半导体指数（882121.WI）的累计涨跌幅如下： | 项目 | 停牌前第 | | 21 | 个交易日 | 停牌前第 | 1 | 个交易日 | 涨跌幅 | | --- | --- | --- | --- | --- | - ...

华泰联合证券有限责任公司 签署日期：二〇二六年二月 关于天水华天科技股份有限公司发行股份及支付现金购买资产并募集配套资金暨关联交易之独立财务顾问报告 独立财务顾问声明和承诺 关于天水华天科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易 之 独立财务顾问报告 独立财务顾问 4、本财务顾问有关本次交易的专业意见已提交本独立财务顾问内核机构审查，内 核机构同意出具此专业意见； 2-1-1 华泰联合证券有限责任公司（以下简称"华泰联合"、"本独立财务顾问"）接受天 水华天科技股份有限公司（以下简称"华天科技"、"上市公司"或"公司"）委托，担 任本次发行股份及支付现金购买资产并募集配套资金暨关联交易（以下简称"本次交易"） 的独立财务顾问，就该事项向上市公司全体股东提供独立意见，并制作本独立财务顾问 报告。 本独立财务顾问核查意见是依据《中华人民共和国公司法》、《中华人民共和国证券 法》、《上市公司重大资产重组管理办法》、《上市公司并购重组财务顾问业务管理办法》、 《上市公司监管指引第 9 号——上市公司筹划和实施重大资产重组的监管要求》、和《深 圳证券交易所上市公司重大资产重组审核规则》等法律 ...

华泰联合证券有限责任公司 关于天水华天科技股份有限公司本次交易 （以下无正文） 1 （本页无正文，为《华泰联合证券有限责任公司关于天水华天科技股份有限公司 本次交易不构成<上市公司重大资产重组管理办法>第十三条规定的重组上市情 形的核查意见》之签章页） 财务顾问协办人： 张 辉 刘 伟 别佳芮 不构成《上市公司重大资产重组管理办法》第十三条规定的重组上市 情形的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"本独立财务顾问"） 接受天水华天科技股份有限公司（以下简称"上市公司"或"华天科技"）委托，担 任上市公司向天水华天电子集团股份有限公司、西安后羿投资管理合伙企业（有 限合伙）、西安芯天钰铂企业管理合伙企业（有限合伙）等 27 名交易对方发行股 份及支付现金购买华羿微电子股份有限公司（以下简称"标的公司"或"华羿微电"） 100%股权并募集配套资金（以下简称"本次交易"）的独立财务顾问，就本次交 易是否构成《上市公司重大资产重组管理办法》第十三条规定的重组上市情形， 进行核查并发表如下意见： 本次交易前 36 个月内，公司控制权未发生变更。本次交易前后，公司控股 股东、实际控制人未发生变更 ...