Investment Rating - The industry investment rating is "Positive" and maintained [12] Core Insights - The communication sector saw a 2.35% increase in the 6th-7th week of 2026, ranking 6th among primary industries in the Yangtze River region; since the beginning of 2026, it has risen by 0.44%, ranking 27th [2][6] - Tower's silicon photonics revenue doubled, with a high demand for 1.6T, and capacity expansion plans have been adjusted with prepayments secured; silicon photonics modules continue to penetrate the market [2][10] - Vertiv's orders and backlog reached new highs, with a shipment-to-order ratio rising to 2.9 times [2][10] - ByteDance's Seedance 2.0 has industry-leading generation availability, while Google's Gemini 3.1 Pro tops the charts, and Anthropic's annual revenue is growing rapidly at $14 billion [2][10] - OpenAI's cumulative computing expenditure is expected to exceed $600 billion by 2030, with an upward revision of revenue forecasts [2][10] Summary by Sections Market Performance - In the 6th-7th week of 2026, the communication sector increased by 2.35%, ranking 6th among primary industries; since the start of 2026, it has risen by 0.44%, ranking 27th [2][6] - Among companies with a market capitalization above 8 billion, the top three gainers this week were Dawei Technology (+39.4%), Shengke Communication (+31.7%), and Shenling Environment (+29.6%); the top three decliners were Tongyu Communication (-11.7%), Dingtong Technology (-9.7%), and Xinke Mobile (-9.3%) [6] Company Highlights - **Tower**: In Q4 2025, revenue reached $440 million, a year-on-year increase of 13.7%, with GAAP net profit of $80 million, up 45.3%. The company expects silicon photonics revenue to reach $228 million in 2025, doubling from 2024, and has raised its capacity target from 3 times to over 5 times the Q4 2025 shipment [7] - **Vertiv**: In Q4 2025, revenue was $2.88 billion, a year-on-year increase of 22.7%, with GAAP net profit of $450 million, up 203.1%. The company reported a significant increase in organic orders, with a year-on-year growth of 252% [7] AI Model Developments - On February 12, ByteDance launched Seedance 2.0, achieving industry-leading performance in complex scenarios with a high generation availability rate [8] - Anthropic completed a $30 billion Series G financing round with a post-money valuation of $380 billion, reporting an annual revenue of approximately $14 billion [8] - On February 19, Google released Gemini 3.1 Pro, which ranked first in AI analysis, showing significant improvements in reasoning capabilities [8] Future Projections - OpenAI updated its financial outlook, projecting cumulative computing-related expenditures to exceed $600 billion by 2030, with training costs expected to rise significantly in 2025 and 2026 [9]

和而泰公告称，控股股东、实际控制人刘建伟基于自身偿还质押融资债务以及个人资金需求减持公司股 票。2026年2月11 - 13日，刘建伟通过集中竞价累计减持公司股份628,400股，占公司总股本剔除回购专 用账户中股份数量后的比例为0.0682%。本次权益变动后，刘建伟持股降至138,133,700股，持股比例降 至15%。此前其计划在2026年1月28日至4月27日减持不超18,417,831股，占比不超2%，该减持计划尚未 完成。本次权益变动不会导致实控人变化，也未损害公司及其他股东利益。 ...

深圳和而泰智能控制股份有限公司 简式权益变动报告书 上市公司名称：深圳和而泰智能控制股份有限公司 股票上市地点：深圳证券交易所 股票简称：和而泰 股票代码：002402 信息披露义务人：刘建伟 住所：广东省深圳市****** 通讯地址：广东省深圳市南山区高新南区科技南十路 6 号深圳航天科技创新研究 院大厦 D 座 10 楼 1010-1011 签署日期：2026 年 2 月 13 日 信息披露义务人声明 一、信息披露义务人根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司收购管理 办法》（以下简称"《收购管理办法》"）、《公开发行证券的公司信息披露内 容与格式准则第 15 号——权益变动报告书》（以下简称"《准则第 15 号》"） 及相关法律、法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程及内部规定中的任何条款，或与之相冲突。 三、依据《证券法》和《收购管理办法》的规定本报告书已全面披露信息披 露义务人在深圳和而泰智能控制股份有限公司（以下简称"和而泰"）中拥有权 益的股份变动 ...

本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：002402 证券简称：和而泰 公告编号：2026-013 深圳和而泰智能控制股份有限公司 关于控股股东、实际控制人减持股份触及5%整数倍 暨披露简式权益变动报告书的公告 公司控股股东、实际控制人刘建伟先生保证向本公司提供的信息内容真实、 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、本次权益变动为深圳和而泰智能控制股份有限公司（以下简称"公司"）的控 股股东、实际控制人刘建伟先生履行此前披露的减持股份计划所致。 2、本次权益变动后，刘建伟先生持有公司的股份数量为138,133,700股，占公 司目前总股本剔除回购专用账户中股份数量后的比例为15.0000%，持股比例触及5% 的整数倍。 3、本次权益变动不会导致公司控制权发生变更，亦不会对公司治理结构及持 续经营产生重大不利影响。 公司于2026年1月7日披露了《关于控股股东、实际控制人减持股份预披露公告》 （公告编号：2026-001），公司控股股东、实际控制人刘建伟先生计划在减持公告披 露之日起15个交易日之后的3个月内（2026年1月28日至2026年4月 ...

南财智讯2月13日电，和而泰公告，公司控股股东、实际控制人刘建伟于2026年2月11日至2月13日通过 集中竞价交易方式减持公司股份62.84万股，本次权益变动后，其持有公司股份138,133,700股，占公司 总股本剔除回购专用账户中股份数量后的比例为15.00%，较变动前的15.0682%下降0.0682个百分点。本 次权益变动已完成，不导致公司控制权变更。截至本公告披露日，刘建伟先生前述减持计划尚未实施完 毕。 ...

2026年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 特别提示： 证券代码：002402 证券简称：和而泰 公告编号：2026-012 深圳和而泰智能控制股份有限公司 1、本次股东会未出现否决议案的情形。 2、现场会议召开地点：广东省深圳市南山区科技南十路深圳航天科技创新研究院 大厦D座10楼和而泰一号会议室 3、会议召开方式：本次股东会采取现场投票与网络投票相结合的方式 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开情况 1、会议召开时间： （1）现场会议时间：2026年2月13日（星期五）下午15:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为2026年2 月13日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的 具体时间为2026年2月13日9:15至15:00的任意时间。 4、会议召集人：公司董事会 5、会议主持人：公司董事长刘建伟先生 6、会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市 规则》及《公 ...

杭州市西湖区学院路 77 号 黄龙万科中心 A 座 16 楼 邮编：310012 电话：（86-571）2689-8188 传真：（86-571）2689-8189 junhehz@junhe.com 北京君合（杭州）律师事务所 关于深圳和而泰智能控制股份有限公司 2026 年第一次临时股东会之法律意见书 致: 深圳和而泰智能控制股份有限公司 北京君合（杭州）律师事务所（以下简称"本所"）接受深圳和而泰智能控 制股份有限公司（以下简称"公司"）委托，根据《中华人民共和国证券法》（以 下简称《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证 券监督管理委员会《上市公司股东会规则》（以下简称《股东会规则》）、《律师 事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则》等中 华人民共和国（以下简称"中国"）现行有效的法律、行政法规、规章和规范性 文件（为本法律意见书之目的，不包括香港特别行政区、澳门特别行政区和台 湾地区现行有效的法律、行政法规、规章和规范性文件）和现行有效的《深圳 和而泰智能控制股份有限公司章程》（以下简称《公司章程》）有关规定，指派 律师列席了公司于 2026 年 ...

Core Viewpoint - On February 13, a total of four listed companies had their restricted shares unlocked, with a total market value of approximately 9.151 billion yuan [1] Group 1: Company Specifics - Guanhao High-tech (Stock Code: 600433) had 1.3662 million shares unlocked under equity incentive restrictions [1] - Guangdong Construction (Stock Code: 002060) had 2.191 billion shares unlocked from a private placement of A-shares [1] - Heertai (Stock Code: 002402) had 0.0686 million shares unlocked under equity incentive restrictions [1] - Zhongkong Technology (Stock Code: 688777) had 0.39774 million shares unlocked [1]

Core Viewpoint - The company has implemented effective risk control measures in foreign exchange management to mitigate the impact of currency fluctuations on its operations [2] Group 1: Risk Control Measures - The company actively engages in forward foreign exchange transactions to manage currency risk [2] - It adjusts foreign currency liabilities based on exchange rate conditions to minimize exposure [2] - The company modifies settlement currencies as part of its risk management strategy [2]

Core Viewpoint - The company attributes its continuous growth in operating performance to enhanced customer relationships, technological synergy, and comprehensive global delivery capabilities [2] Group 1: Customer Relationships - The company has been increasing its market share among major clients while expanding its product categories to meet more of their business needs [2] - The company actively seeks new clients and markets, optimizing its customer structure to mitigate industry fluctuations [2] Group 2: Technological Advancements - The company is committed to technological upgrades to maintain industry leadership [2] - It employs a global capacity layout to be closer to clients, enabling agile delivery and cost optimization [2] Group 3: Partnership Philosophy - The company adheres to a collaborative growth philosophy with clients, empowering them through technology, manufacturing, and supply chain support [2] - It aims to establish long-term partnerships characterized by high trust and strong engagement [2]