Market Overview - On February 12, 2026, the A-share market showed mixed results, with the Shanghai Composite Index closing at 4131.98 points, up 0.09%, while the Shenzhen Component Index fell 0.35% to 14160.93 points, and the ChiNext Index dropped 1.08% to 3284.74 points. Over 3200 stocks declined, and the total trading volume in the Shanghai and Shenzhen markets was 1.98 trillion yuan, a decrease of 120 billion yuan from the previous trading day [1]. - The Hong Kong stock market saw all three major indices rise, with the Hang Seng Index increasing by 0.31% or 83.23 points to close at 27266.38 points, and a total trading volume of 217.22 billion HKD. The Hang Seng China Enterprises Index rose by 0.28% to 9268.18 points, while the Hang Seng Tech Index gained 0.9% to 5499.99 points [1]. - In the U.S. stock market, all three major indices closed lower, with the Dow Jones Industrial Average down 0.13% to 50,121.40 points, the S&P 500 slightly down by 0.34 points to 6,941.47 points, and the Nasdaq Composite Index falling 0.16% to 23,066.47 points [1]. Important News - The State-owned Assets Supervision and Administration Commission (SASAC) has urged central enterprises to enhance investment in computing power and promote the synergy between "computing power and electricity." This initiative aims to improve data governance capabilities and strengthen the foundation of the artificial intelligence industry [1]. - During a recent meeting, SASAC emphasized the need for central enterprises to focus on independent innovation, particularly in overcoming key core technologies and advancing "large model" technologies. The goal is to transform more independent innovation results from prototypes into products and establish industries [1]. - SASAC also called for the cultivation of application scenarios, ensuring precise alignment between artificial intelligence and core business needs, with a focus on high adaptability, high value, and high reliability [1]. - Additionally, SASAC highlighted the importance of open-source collaboration, urging central enterprises to accelerate the iteration and upgrade of open-source "renewal communities" and strive to become "empowering enterprises," thereby fostering the construction of an "AI+" industrial community and nurturing a mutually beneficial industrial ecosystem [1].

Core Viewpoint - The company Tianqi Mould (002510) plans to acquire 60% of Dongshi Automotive Technology Group Co., Ltd. through a combination of issuing shares and cash payment, which is expected to enhance its business operations and market competitiveness [2][4]. Group 1: Acquisition Details - The company will issue shares and pay cash to acquire 60% of Dongshi Automotive, with the transaction subject to ongoing audit and valuation processes [2][3]. - The board of directors approved the acquisition plan on February 11, 2026, indicating a strategic move to expand and complement existing business operations [2][3]. Group 2: Business Impact - The acquisition is expected to strengthen the company's product chain, enhance customer diversity, and expand regional coverage, thereby improving core competitiveness [3][4]. - Dongshi Automotive is a significant player in the automotive parts industry, providing components for both commercial and passenger vehicles, which will allow the company to integrate and leverage synergies in production technology and market expansion [4]. Group 3: Financial Overview - Prior to the suspension of trading, the company's stock price was reported at 7.53 yuan per share, with a total market capitalization of 76.44 billion yuan [5].

Group 1: Major Announcements - Tianqi Mould plans to acquire 60% of Dongshi shares and will resume trading on February 12 [2][4] - Pingzhi Information intends to raise no more than 1 billion yuan for the construction of a domestic intelligent computing power center [5] - Tianji Co. is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [6] Group 2: Performance Highlights - Microelectrophysiology reported a 2025 net profit of 51.15 million yuan, a decrease of 1.76%, but a 365.73% increase in net profit after excluding non-recurring items [7] - Jingchen Co. achieved a 2025 net profit of 871.24 million yuan, a 6% increase year-on-year, with record high sales of over 174 million chips [7] Group 3: Fundraising and Restructuring - Unigroup plans to raise up to 5.57 billion yuan for acquiring a 6.98% stake in Xinhua San and other projects [8] - Jiangtong Equipment intends to raise up to 1.88 billion yuan for acquiring 100% stakes in multiple companies [8] - Baodi Mining plans to acquire 87% of Congling Energy for 685 million yuan and raise up to 560 million yuan for supporting funds [8] Group 4: Important Developments - Pudong Construction's subsidiaries won multiple major projects totaling 1.41 billion yuan [14] - ST Energy has changed to a state with no controlling shareholder and will resume trading on February 12 [11][19] - Shenong Group reported a 28.06% year-on-year increase in sales revenue from commodity pigs in January 2026 [15]

【导读】天汽模拟购买东实股份60%股份，自2月12日开市起复牌 | 序号 | 股东名称 | 认缴出资额 (万元) | 出资比例 | | --- | --- | --- | --- | | 1 | 德盛拾陆号企业管理(天津)合伙企业(有限合伙) | 10.800.00 | 60.00% | | 2 | 天津汽车模具股份有限公司 | 4,500.00 | 25.00% | | ਤੇ | 十堰产业投资集团有限公司 | 1.854.00 | 10.30% | | ব | 东风资产管理有限公司 | 846.00 | 4 70% | | | 合计 | 18,000.00 | 100.00% | 2月11日晚间，天汽模发布交易预案称，公司拟通过发行股份及支付现金的方式购买东实汽车科技集团 股份有限公司（以下简称东实股份）60%的股份，并募集配套资金，预计构成重大资产重组。 东实股份是国内较少同时为商用车和乘用车进行大规模配套的汽车零部件专业生产厂商。交易预案显 示，天汽模拟通过此次交易，打造汽车零部件领域的龙头企业。 天汽模针对上述交易自2月6日开市起停牌，计划自2月12日开市起复牌。2月5日收盘，天汽模股价报 7.53元 ...

Core Viewpoint - Tianqi Mould plans to acquire 60% of Dongshi Automotive Technology Group through a combination of share issuance and cash payment, which is expected to constitute a significant asset restructuring [2][6]. Group 1: Transaction Details - Tianqi Mould will issue shares at a price of 6.26 yuan per share, which represents a discount of 16.87% compared to its closing price of 7.53 yuan on February 5 [6]. - The transaction will make Tianqi Mould the controlling shareholder of Dongshi, holding 85% of its shares post-transaction [5][6]. - The transaction partner is Desheng 16, which currently holds 60% of Dongshi [4][6]. Group 2: Financial Impact - The acquisition is expected to significantly enhance Tianqi Mould's total assets, operating income, and net profit, thereby improving its business development potential and risk resistance [8]. - Dongshi's projected operating revenues for 2024 and 2025 are 3.875 billion yuan and 4.733 billion yuan, respectively, with net profits of 369 million yuan and 355 million yuan [9]. - In comparison, Tianqi Mould's operating revenues for the first three quarters of 2024 and 2025 are 2.746 billion yuan and 1.485 billion yuan, with net profits of 95.253 million yuan and 52.061 million yuan [12][15]. Group 3: Strategic Goals - The acquisition aims to create a leading enterprise in the automotive parts sector by leveraging synergies in product development, production technology, market expansion, and procurement [7][8]. - The transaction is classified as a related party transaction, as Desheng 16 will hold more than 5% of Tianqi Mould's shares after the deal [6][7].

Core Viewpoint - Tianqi Mould plans to acquire 60% of Dongshi Automotive Technology Group Co., Ltd. through a combination of share issuance and cash payment, which is expected to constitute a major asset restructuring [1][4]. Group 1: Acquisition Details - The transaction will make Tianqi Mould the controlling shareholder of Dongshi, holding 85% of its shares post-acquisition [4]. - The identified transaction counterparty is Desheng 16, which currently holds 60% of Dongshi's shares [2]. - The share issuance price for the acquisition is set at 6.26 yuan per share, representing a discount of 16.87% compared to Tianqi Mould's closing price of 7.53 yuan on February 5 [4]. Group 2: Financial Performance - Dongshi's projected revenues for 2024 and 2025 are 3.875 billion yuan and 4.733 billion yuan, respectively, with net profits of 369 million yuan and 355 million yuan [7]. - In comparison, Tianqi Mould's total revenue for the first three quarters of 2024 is 2.746 billion yuan, with a net profit of 95.253 million yuan [9]. - The financial data indicates that Dongshi's business scale and profitability exceed those of Tianqi Mould, although Dongshi has experienced slight fluctuations in profitability in recent years [6][7]. Group 3: Strategic Intent - The acquisition aims to enhance synergies in product development, production technology, market expansion, and procurement through comprehensive integration of existing businesses [6]. - Tianqi Mould's current operations focus on the research, design, production, and sales of automotive body covering molds and related products, while Dongshi provides various automotive components to major domestic automakers [6].

Group 1: Major Announcements - Unisplendour plans to raise no more than 5.57 billion yuan through a private placement to acquire a 6.98% stake in New H3C and for other projects [2] - Zhongwei Semiconductor intends to establish an IPM production line project in Ziyang, Sichuan, using 1.21 billion yuan of leftover IPO funds [2] - Kaiying Network has signed a settlement agreement with Legend IP, which is expected to positively impact the company's profit by approximately 200 million yuan [2] Group 2: Project Developments - Blue Ocean Huaten plans to invest 8 million yuan in Wanren Technology to support its daily operations and AI project development [4] - Yuedian Power A has successfully put into operation the expansion project of the Huizhou Power Plant, which includes two 1000MW units [7] - Longmag Technology intends to raise up to 760 million yuan for its second phase project in Vietnam and chip inductor manufacturing [8] Group 3: Financial Performance - Top Group expects a net profit of 2.6 billion to 2.9 billion yuan for 2025, a decrease of 3.35% to 13.35% year-on-year due to rising raw material costs and increased market competition [20] - Jingchen Technology reported a net profit of 871 million yuan for 2025, a 6% increase year-on-year, with record high sales of over 174 million chips [21] - Guodian Xintong's net profit for 2025 is projected at 678 million yuan, a decline of 16.91% year-on-year, primarily due to increased credit impairment losses and tax expenses [22] Group 4: Shareholder Actions - Jieshun Technology's actual controller plans to reduce holdings by up to 2.8% of the company's shares [27] - Lihexing's controlling shareholder and concerted actors plan to collectively reduce their holdings by up to 1% [27] - Kory Technology's shareholders plan to reduce their holdings by a total of up to 3.13% [29] Group 5: Stock Buybacks - Quzhou Dongfeng plans to repurchase shares worth between 50 million and 100 million yuan, with a maximum price of 6.48 yuan per share [30]

Core Viewpoint - Tianqi Mould (002510) announced a major asset restructuring plan involving the acquisition of 60% of Dongshi Co., which will enhance its control over the automotive parts market and improve operational synergies [1] Group 1: Transaction Details - The restructuring plan includes issuing shares and cash payments to acquire Dongshi Co. and will involve a related party transaction, but it will not constitute a restructuring listing [1] - The company plans to raise supporting funds through a share issuance to Jianfa Fanyu [1] Group 2: Strategic Importance - Dongshi Co. is one of the few domestic manufacturers providing large-scale components for both commercial and passenger vehicles, supplying major domestic automakers with products such as body, chassis, and power system stamping and welding [1] - The partnership with global automotive parts companies has led to the establishment of joint ventures like Dongshi Lear and Dongfeng Cummins, enhancing product offerings in seats and engine emission systems, which are well-known and competitive in the market [1] - The acquisition will allow Tianqi Mould to fully integrate its existing business and leverage the synergies from the acquisition in areas such as product development, production technology, market expansion, and procurement [1]

经向深圳证券交易所申请，公司证券（证券品种：A股股票，证券简称：天汽模，证券代码：002510） 将于2026年2月12日（星期四）开市起复牌。 每经头条（nbdtoutiao）——男子街头逃亡、剑客山间打斗……电影级中国视频大模型被称"地表最 强"，几十个提示字生成15秒视频可商业交付，影视股大涨！记者亲测 （记者 王晓波） 每经AI快讯，天汽模2月11日晚间发布公告称，天津汽车模具股份有限公司（以下简称"公司"）拟通过 向德盛拾陆号企业管理（天津）合伙企业（有限合伙）发行股份及支付现金的方式购买其持有的东实汽 车科技集团股份有限公司60%的股份并募集配套资金。 根据深圳证券交易所的相关规定，经公司申请，公司证券（证券品种：A股股票，证券简称：天汽模， 证券代码：002510）自2026年2月6日（星期五）开市起开始停牌。 针对本次交易，2026年2月11日，公司召开第六届董事会第二次会议，审议通过了《关于天津汽车模具 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预案及其摘要的议案》等相关议 案。 ...

Core Viewpoint - The company Tianqi Mould (002510.SZ) plans to acquire 60% of Dongshi Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds through a share issuance to Jianfa Fanyu [1] Group 1: Company Overview - Tianqi Mould is engaged in the research, design, production, and sales of automotive body covering molds and related products, including automotive body covering molds, stamping parts, inspection tools, and welding fixtures [1] - Dongshi Co., Ltd. is one of the few domestic manufacturers that provides large-scale components for both commercial and passenger vehicles, supplying major domestic automakers with products related to automotive body, chassis, and power systems [1] Group 2: Strategic Implications - The acquisition will grant Tianqi Mould control over Dongshi Co., Ltd., facilitating comprehensive integration of existing businesses and leveraging the synergies from the acquisition in areas such as product development, production technology, market expansion, and procurement [1] - The collaboration with globally recognized automotive parts companies, such as Dongshi Lear and Dongfeng Cummins, enhances the market competitiveness and brand recognition of the products offered by Dongshi Co., Ltd. [1]