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]

海博思创股东清控银杏和银杏自清拟合计减持不超1.15%股份；捷顺科技实际控制人之一刘翠英拟减持不超过2.8%股份； 广康生化多名股东拟合计减持不超过4.4592%股份；科瑞技术股东新加坡科瑞技术拟减持不超过1.0004%股份；罗博特科股 东科骏投资拟减持不超过1.313%股份；尚品宅配两名高级管理人员拟合计减持不超过400万股；科林电气股东李砚如、屈 国旺拟合计减持不超过3%股份；欧科亿股东乐清德汇拟减持合计不超过158万股股份；天际股份因涉嫌信息披露违法违规 证监会对公司立案；兰石重装副总经理王炳正被留置并立案调查 | | | 2月12日A股投资避雷针 | | --- | --- | --- | | 类别 | 公司 | 主要内容 | | 股东减持 | 海博思创 | 清控银杏和银杏自清拟合计减持不超1.15%股份 | | | 捷顺科技 | 实际控制人之一刘翠英拟减持不超过2.8%股份 | | | 广康生化 | 多名股东拟合计减持不超过4. 4592%股份 | | | 科瑞技术 | 新加坡科瑞技术拟减持不超过1.0004%股份 | | | 罗博特科 | 科骏投资拟减持不超过1.313%股份 | | | 德艺文创 ...

Core Viewpoint - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations [2] Group 1: Investigation and Regulatory Actions - Tianji Co., Ltd. announced that its production and operational activities are currently normal and that the investigation will not significantly impact its operations [4] - The CSRC's Guangdong Regulatory Bureau issued an administrative regulatory decision citing issues such as improper goodwill impairment testing and inaccurate financial accounting [4] - Key executives, including Chairman Wu Xidun, CFO Yang Zhixuan, and Secretary Zheng Wenlong, are held primarily responsible for the violations and have received warning letters [5] Group 2: Specific Violations - The company was found to have improper goodwill impairment testing for its subsidiaries Jiangsu Xintai Material Technology Co., Ltd. and Changshu Yuxiang Trading Co., Ltd. for the years 2023 and 2024 [5] - Tianji Co., Ltd. failed to appropriately account for salaries of sales and management personnel from September 2023 to December 2024 [5] - The company provided financial assistance to non-related parties without following the required review procedures and disclosure obligations from September 2023 to August 2025 [5] Group 3: Company Response and Future Actions - Tianji Co., Ltd. expressed its commitment to addressing the issues raised in the regulatory documents and will implement corrective measures while enhancing compliance awareness [5] - The company aims to improve its internal control systems and the quality of information disclosure to protect the interests of shareholders and enhance its corporate image [5] Group 4: Company Profile and Market Data - Tianji Co., Ltd. primarily produces lithium hexafluorophosphate and related fluorochemical products, sodium hypophosphite, and small household appliances [6] - As of February 11, the company's stock price was 43.96 yuan per share, with a total market capitalization of 22 billion yuan [7] - As of January 30, the company had over 180,000 shareholders, reflecting a recent increase of 3,598 shareholders, or 2.02% [8]

Core Viewpoint - Tianji Co., Ltd. is currently under investigation by the China Securities Regulatory Commission (CSRC) for issues related to goodwill impairment testing, inaccurate financial accounting, and non-compliance with information disclosure regulations. The company asserts that these matters will not significantly impact its normal production and operational activities [2][3]. Group 1: Regulatory Actions - On January 15, Tianji Co., Ltd. received an administrative regulatory decision from the Guangdong Regulatory Bureau of the CSRC, citing non-compliance in goodwill impairment testing, financial accounting inaccuracies, and improper information disclosure [2]. - The CSRC has mandated corrective administrative measures for Tianji Co., Ltd. and issued warning letters to key executives, including Chairman Wu Xidun, CFO Yang Zhixuan, and Board Secretary Zheng Wenlong, for their failure to fulfill their duties [2][3]. - The Shenzhen Stock Exchange has also issued a regulatory letter to Tianji Co., Ltd., highlighting similar violations, including improper goodwill impairment testing and failure to appropriately account for employee compensation [3]. Group 2: Company Response - Tianji Co., Ltd. has expressed its commitment to addressing the issues raised in the regulatory documents by conducting self-examinations, formulating corrective measures, and submitting written reports to regulatory authorities [3]. - The company emphasizes the importance of learning from these experiences to enhance compliance awareness, improve internal control systems, and elevate the quality of information disclosure [3]. Group 3: Company Overview - Tianji Co., Ltd. primarily produces lithium hexafluorophosphate and related fluorochemical products, sodium phosphinate and related phosphochemical products, as well as small household appliances [4]. - As of February 11, the stock price of Tianji Co., Ltd. was reported at 43.96 yuan per share, with a total market capitalization of 22 billion yuan [5]. - As of January 30, the company had over 180,000 shareholders, reflecting a recent increase in shareholder numbers [6][7].

Group 1 - Tianji Co., Ltd. (002759) received a notice from the China Securities Regulatory Commission (CSRC) on February 11, 2026, regarding an investigation for suspected violations of information disclosure laws [1] - The company stated that its production and operational activities are currently normal and that the investigation will not have a significant impact on its operations [3] - During the investigation, the company will actively cooperate with the CSRC and comply with relevant regulations and disclosure obligations [3] Group 2 - Lansi Heavy Industry (603169) announced that its Vice President Wang Bingzheng is under investigation for disciplinary and criminal issues, with a notice issued by the Jingning County Supervisory Committee [5] - The company has made proper arrangements for the work responsibilities of Wang Bingzheng, and all other executives are functioning normally [5] - As of the announcement date, the company is unaware of the progress or conclusions of the investigation and will continue to monitor the situation and fulfill its disclosure obligations [5]

Macroeconomic Dynamics - The State Council has issued an implementation opinion to enhance the national unified electricity market system, aiming to increase the scale of cross-provincial and cross-regional power transmission and the proportion of clean energy delivery over the next 5-10 years [1] - The implementation opinion encourages more private enterprises to participate in the electricity market and aims to improve the pricing mechanism based on supply and demand, prohibiting local governments from unlawfully implementing preferential electricity pricing policies [1] Taxation Policies - The Ministry of Finance and other departments announced that the import VAT preferential policies for anti-cancer and rare disease drugs will continue from January 1, 2026, to December 31, 2027, following the implementation of the VAT law [2] Consumer Market Initiatives - The Ministry of Commerce, in collaboration with nine departments, has planned a "New Spring" special event to distribute a total of 2.05 billion yuan in consumer vouchers, subsidies, and red packets during the Spring Festival holiday [3] Market Data - From February 1 to 8, the national retail sales of passenger vehicles reached 328,000 units, a year-on-year increase of 54%, while wholesale sales were 284,000 units, up 46% year-on-year [5] - The A-share market showed mixed results, with the Shanghai Composite Index rising by 0.09% and the ChiNext Index falling by 1.08% [6] - The Hong Kong stock market saw the Hang Seng Index increase by 0.31%, with significant gains in gold-related stocks [7] Company Developments - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, but the company states that its operations remain normal [8] - Unisplendour Corporation plans to raise no more than 5.57 billion yuan through a private placement to acquire a 6.98% stake in New H3C Group and for other projects [9] - The founder of Pandonglai, Yu Donglai, announced his retirement and will transition to an advisory role, maintaining control over multiple companies [10] - NetEase reported a total revenue of 112.6 billion yuan for the year 2025, with R&D investment reaching 17.7 billion yuan, marking six consecutive years of over 10 billion yuan in R&D spending [11]

【导读】因涉嫌信息披露违法违规，天际股份被证监会立案 中国基金报记者 李智 2月11日，天际股份发布公告称，因涉嫌信息披露违法违规，证监会决定对公司立案。 天际股份称，目前，公司各项生产经营活动均正常开展，上述事项不会对公司的正常生产经营活动产生重大影响。立案调查期间，公司将积极配合中国证监 会的各项工作，严格按照相关规定及监管要求履行信息披露义务。 1月15日，天际股份收到中国证监会广东监管局下发的《行政监管措施决定书》（以下简称《决定书》）。经查，天际股份存在商誉减值测试不规范、财务 核算不准确、信息披露不规范等问题。 吴锡盾作为公司董事长、总经理，杨志轩作为公司财务总监，郑文龙作为公司董事会秘书，未按照《上市公司信息披露管理办法》（证监会令第182号）第 四条，以及《上市公司信息披露管理办法》（证监会令第226号）第四条的规定履行勤勉尽责义务，对公司上述违规行为负有主要责任。 根据《上市公司信息披露管理办法》（证监会令第226号）第五十三条第一项及第三项的规定，广东证监局决定对天际股份采取责令改正的行政监管措施， 对吴锡盾、杨志轩、郑文龙采取出具警示函的行政监管措施。 与此同时，深交所对天际股份下发监管 ...

Group 1 - The successful flight test of the Long March 10 rocket and the Dream Boat crewed spacecraft marks a significant milestone in China's manned lunar exploration program [1][9] - The Long March 10 rocket's first stage safely splashed down in the designated sea area as per the planned procedure [3][11] Group 2 - Ant Group has released the Ming-Flash-Omni 2.0, the industry's first unified audio generation model capable of generating voice, environmental sounds, and music simultaneously on the same audio track [5][11] - The model allows users to control various audio parameters such as tone, speed, pitch, volume, emotion, and dialect using natural language commands [5][11] Group 3 - The A-share market showed mixed results, with the Shanghai Composite Index up by 0.09% and the ChiNext Index down by 1.08% [14] - Small metals, oil and gas extraction, and chemical sectors saw active performance due to price increases, while sectors like film and tourism experienced declines [14] Group 4 - Tianji Co. received a notice from the China Securities Regulatory Commission regarding an investigation into suspected violations of information disclosure laws [15]

Group 1: Company Announcements - Lanzhou Lanzhi Heavy Industry (603169) announced that its Vice President Wang Bingzheng has been detained for suspected violations of discipline and job-related crimes, with the company stating that operations remain unaffected [2][4] - Tianji Co., Ltd. (002759) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, but the company claims that its production and operations are normal [6][8] Group 2: Financial Performance - Lanzhou Lanzhi Heavy Industry expects a net loss of approximately CNY 4.40 billion to CNY 3.70 billion for 2025, primarily due to a decline in gross margin from traditional energy equipment and impairment losses of about CNY 2.23 billion [4] - Tianji Co., Ltd. forecasts a profit of CNY 70 million to CNY 105 million for the year 2025, following a recovery in profitability due to rising sales prices of lithium hexafluorophosphate [8] Group 3: Stock Market Performance - As of February 11, Lanzhou Lanzhi Heavy Industry's stock price fell over 1% to CNY 10.63 per share, with a total market capitalization of CNY 139 billion, despite a nearly 38% increase over the last 120 trading days [4] - Tianji Co., Ltd.'s stock price rose over 7% to CNY 43.96 per share, with a total market capitalization of CNY 220 billion, reflecting a significant increase of 356% over the last 120 trading days [9]

Group 1 - Unisplendour plans to raise no more than 5.57 billion yuan through a private placement to acquire a 6.98% stake in H3C and for other projects [1] - Dawi Technology's Zhangbei data center project will not involve computing power leasing and is expected to have minimal revenue contribution in 2025 [2] - Kaixin Network's subsidiary signed a settlement agreement with Legend IP, which is expected to positively impact the company's profit by approximately 200 million yuan [3] Group 2 - Newray plans to acquire a 70% stake in PCB tool company Huilian Electronics for no more than 700 million yuan, enhancing its market position [4] - Shangwei New Materials' embodied intelligent robot business is still in the product development stage and has not yet generated revenue [5] - Lanshi Heavy Industry's deputy general manager is under investigation for suspected violations, but the company's operations remain unaffected [6] Group 3 - Tianji Technology is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, but its operations are normal [8] - Top Group expects a net profit decline of 3% to 13% in 2025, despite revenue growth of 8.08% to 14.10% [9] - Shoulu Hotel's subsidiary plans to invest 281 million yuan in a new hotel property project, expected to enhance its business scale and profitability [10] Group 4 - Pingzhi Information plans to raise no more than 1 billion yuan for the construction of a domestic intelligent computing center [11] - Dongfang Guoxin's Inner Mongolia intelligent computing center project has been partially completed, contributing a small revenue share [12] - Zhongwei Semiconductor intends to allocate 1 billion yuan of surplus fundraising for a new investment project [13] Group 5 - Guolin Technology plans to issue up to 16.5 million shares, which will increase its total share capital to 201 million shares [14] - Dabeinong reported a 22.71% year-on-year increase in pig sales in January [15] - Qiu Tai Technology sold 41.48 million mobile camera modules in January, a 19.5% year-on-year increase [19]