机构：高景气格局有望持续 | 代码 | 名称 | 现价 | 张唱� 涨跌 | | --- | --- | --- | --- | | 300317 珈伟新能 | | 5.36 | +0.89 +19.91% | | 003032 | 南网能源 | 8.22 | +0.75 +10.04% | | 600452 涪陵电力 | | 13.28 | +1.21 +10.02% | | 002015 | 协鑫能科 | 14.16 | +1.29 +10.02% | | 000899 | 赣能股份 | 14.61 | +1.33 +10.02% | | 6660000 | 闽东电力 | 14.43 | +1.31 +9.98% | | 001896 | 豫能控股 | 13.34 | +1.21 +9.98% | | 600744 华银电力 | | 7.94 | +0.72 +9.97% | | 600821 | 金开新能 | 7.39 | +0.67 +9.97% | | 600644 乐山电力 | | 13.12 | +1.04 +8.61% | | 600157 永泰能源 | | 1.84 | +0.13 +7.6 ...

Group 1 - The People's Bank of China announced a 1 trillion yuan reverse repurchase operation to maintain liquidity in the banking system, indicating a reduced urgency for a short-term reserve requirement ratio cut [1] - Analysts suggest that the large liquidity injection allows for observation of effects before implementing broader monetary tools like a reserve requirement ratio cut, which remains an important option in the central bank's toolkit [1] Group 2 - Shenzhen's Industrial and Information Technology Bureau released an action plan for "Artificial Intelligence + Advanced Manufacturing" aimed at enhancing the semiconductor industry through AI applications [2] - The plan focuses on optimizing chip design and software code efficiency, and developing high-performance AI chips to meet the demands of various AI terminals [2] Group 3 - The Ministry of Industry and Information Technology is soliciting public opinions on mandatory national standards for the safety requirements of autonomous driving systems in intelligent connected vehicles [6] Group 4 - The Shanghai Stock Exchange plans to reduce market operating costs, expecting to return approximately 1.113 billion yuan to the market in 2026 through various initiatives [8] - The initiatives include optimizing information disclosure channels and enhancing regulatory service quality [8] Group 5 - The Ministry of Commerce proposed to impose countervailing duties on imported dairy products from the European Union, effective February 13, 2026 [9] Group 6 - The National Development and Reform Commission aims to establish a mandatory insurance system for unmanned aerial vehicles by 2027, enhancing the safety framework for low-altitude economic activities [10] Group 7 - The film industry is being targeted for consumption growth through a "Film +" initiative, with expectations for significant box office performance during the upcoming Spring Festival holiday [12] - Analysts highlight potential investment opportunities in film content producers, leading cinema companies, and firms with strong film production and marketing capabilities [12] Group 8 - A list of undervalued media stocks with projected earnings growth of over 100% has been compiled, indicating potential investment opportunities in the film and media sector [13]

Group 1 - Fuda Alloy's controlling shareholder Wang Dawu plans to reduce his stake by up to 3% of the company's total shares, amounting to a maximum of 406.34 million shares, due to personal funding needs [1] - ST Songfa's subsidiary signed contracts for the construction of 17 vessels, with a total contract value between 1.6 billion to 1.8 billion USD [2] - Pairui Co. signed a technical cooperation agreement with a university to develop large-capacity power semiconductor devices and related power electronic modules, effective for three years [3] Group 2 - Shuangliang Energy indirectly participates in commercial aerospace projects, supplying heat exchangers for SpaceX's fuel production system, with orders totaling approximately 1.39 million CNY [4] - Hangya Technology plans to issue convertible bonds to raise up to 600 million CNY for various projects, including an intelligent manufacturing base in Malaysia [5] - Yuhua Development is publicly selling assets with a base price of 251 million CNY for residential properties [6] Group 3 - Penghui Energy plans to invest 2.1 billion CNY in a new battery production project in Zhengyang County, Henan Province, focusing on high-performance battery products [7] - Haige Communication's shareholder Yang Haizhou intends to reduce his stake by up to 0.1624% of the company's total shares [8] - Yaoshi Technology's controlling shareholder pledged 5.13% of shares to repay loans, with a pledge period from February 10, 2026, to February 2, 2027 [9][10] Group 4 - Hanyu Pharmaceutical received FDA approval for its drug Acetate Glatiramer Injection, used for treating relapsing multiple sclerosis [11] - Baiyao Tai's GoliMab Injection received EMA approval for various indications, including rheumatoid arthritis and ulcerative colitis [12] - Jiangxi Tungsten Equipment plans to issue A-shares to raise up to 1.882 billion CNY for acquisitions [13] Group 5 - Hesong New Materials expects to recognize asset impairment provisions between 23.6 million to 28.5 million CNY for 2025 [14] - ST Meichen's subsidiary is involved in two major lawsuits with a total amount of approximately 31.9 million CNY [15] - China Coal Energy reported a 7.3% year-on-year decline in coal sales for January 2026, with total sales of 20.05 million tons [16] Group 6 - Yida Co. plans to adjust its epoxy propylene derivative project, reducing the total investment from 845 million CNY to 642 million CNY [17] - Fosun Pharma's subsidiary received approval for a clinical trial of HLX15-SC for multiple myeloma treatment [18][19] - Yinfeng Communication's board members and executives have terminated their share reduction plan [20] Group 7 - Huazhong High-tech has waived its preferential purchase rights for a fund, extending the investment period from three to four years [21] - Warner Pharmaceuticals plans to participate in a national drug procurement program, with expected sales of 176 million CNY [22] - Changling Hydraulic announced a tender offer to acquire 12% of its shares at a price of 35.82 CNY per share [23] Group 8 - ST Chuan Zhi's stock may face delisting due to financial data falling below regulatory thresholds [24] - Tian Pharmaceutical and its subsidiaries are participating in a national drug procurement program, with expected sales of 323 million CNY [25] - China Metallurgical Group signed new contracts worth 73.65 billion CNY in January 2026 [26] Group 9 - Torus plans to invest 21.2 million CNY in a venture capital fund focused on artificial intelligence [27] - Shangwei Co. received a government subsidy of 1.764 million CNY, representing 10.79% of its net profit for 2024 [28] - Hanghua Co. reported a 21.97% decline in net profit for 2025, with total revenue of 1.249 billion CNY [29] Group 10 - Huaxia Bank reported a 1.72% decline in net profit for 2025, with total revenue of 91.914 billion CNY [30] - Guotou Fengle plans to transfer 51% of its stake in Hubei Fengle Ecological Fertilizer to optimize management [31] - Huaru Technology is co-investing in a fund with a total commitment of 20 million CNY [32] Group 11 - Jindike reported a loss of 173 million CNY for 2025, despite a 40.13% increase in revenue [33] - Zhenong Co. announced a 0.52% increase in shares held by a major shareholder [34] - Maike Audi plans to recognize asset impairment provisions of approximately 52.55 million CNY [35] Group 12 - Fuan Pharmaceutical's subsidiary is expected to be selected for a national drug procurement program, with projected sales of 680 million CNY [36] - Rundu Co. is participating in a national drug procurement program, with some products expected to be selected [37] - Changqing Co. has postponed its large-scale die-casting project to March 2027 due to customer requirements [38] Group 13 - Pan Asia Micro透 received a patent for a graphene-based automotive headlight defogging device [39] - Luan An Huan Neng reported a 17.1% increase in raw coal production for January 2026, totaling 5 million tons [40] - Guangji Pharmaceutical received a drug registration certificate for Mecobalamin Tablets [41] Group 14 - Ruifeng New Materials announced the resignation of its deputy general manager for personal reasons [42] - Zhiguang Electric's subsidiary signed a procurement contract for energy storage equipment worth 210.4 million CNY [43] - Youyan Powder Materials reported a 19.41% increase in net profit for 2025 [44] Group 15 - Jincheng reported a 22.2% increase in net profit for 2025, with total revenue of 253 million CNY [46]

机构观点机构对ST传智关注度一般，当前舆情偏中性。根据机构预测，2025年公司预计净利润亏损 2000万元，营收2.69亿元；2026年有望扭亏为盈，预测净利润3000万元。评级方面，机构调研频率较 低，中性评级占主流。行业层面，教育板块近期有所上涨，但ST传智基本面仍受退市风险压制，机构 对其"摘帽"预期持谨慎态度。 以上内容基于公开资料整理，不构成投资建议。 经济观察网ST传智发布2025年业绩预告，预计全年归母净利润亏损7000万元至1亿元，扣非净利润亏损 8200万元至1.12亿元。业绩亏损主要因计提资产减值准备。公司正推进"数字化人才职业培训+学历教 育"双轨发展，其中大同数据科技职业学院已于2025年迎来新生，并收购新加坡辅仁国际学校拓展国际 业务。若2025年财报正式披露后净利润未能转正或营收低于3亿元，公司可能面临退市风险。 股票近期走势近7个交易日，ST传智股价呈现震荡上行态势，区间累计涨幅3.72%，振幅8.01%。成交量 在2月10日显著放大至566.21万股，换手率2.05%，但后续交易日缩量，显示市场情绪分化。资金流向方 面，2月10日主力净流出273.66万元，而2月9日主力净流入 ...

（一）2025 年 4 月 22 日，江苏传智播客教育科技股份有限公司（以下简称 "公司"）披露了《关于股票交易被实施退市风险警示暨股票停牌的公告》（公 告编号：2025-030），公司股票于 2025 年 4 月 23 日开市起被实施退市风险警示。 若公司出现《深圳证券交易所股票上市规则》第 9.3.12 条规定的情形，公司股票 存在被终止上市的风险。 （二）根据《深圳证券交易所股票上市规则》第 9.3.6 条的规定，"上市公 司因触及本规则第 9.3.1 条第一款第一项至第三项情形，其股票交易被实施退市 风险警示后，应当在其股票交易被实施退市风险警示当年会计年度结束后一个月 内，披露股票可能被终止上市的风险提示公告，在首次风险提示公告披露后至年 度报告披露前，每十个交易日披露一次风险提示公告。"公司应当披露股票可能 被终止上市的风险提示公告。敬请广大投资者理性投资，注意风险。 截至本公告披露日，公司可能触及的终止上市情形如下： 证券代码：003032 证券简称：*ST传智 公告编号：2026-004 江苏传智播客教育科技股份有限公司股票 可能被终止上市的风险提示公告 本公司及董事会全体成员保证信息披露的内 ...

Core Viewpoint - *ST Chuan Zhi (003032.SZ) expects a revenue of 360 million to 400 million yuan for 2025, with a projected loss of 70 million to 100 million yuan, compared to a loss of 133.92 million yuan in the same period last year [1] Group 1: Financial Projections - The company anticipates a revenue range of 360 million to 400 million yuan for 2025 [1] - Projected losses for 2025 are estimated between 70 million to 100 million yuan, an improvement from the previous year's loss of 133.92 million yuan [1] - The non-recurring loss is expected to be between 82 million to 112 million yuan [1] Group 2: Strategic Developments - In January 2025, the company completed the acquisition of "Singapore Furui International School," which specializes in Cambridge O-level and A-level education services [1] - This acquisition is expected to enhance the company's asset quality and support performance improvement [1] - The move aims to diversify and promote high-quality development while maintaining stable operations in its core business and expanding into international markets [1]

证券代码：003032 证券简称：*ST传智 公告编号：2026-003 江苏传智播客教育科技股份有限公司 可能被终止上市的风险提示公告 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： （一）2025 年 4 月 22 日，江苏传智播客教育科技股份有限公司（以下简称 "公司"）披露了《关于股票交易被实施退市风险警示暨股票停牌的公告》（公 告编号：2025-030），公司股票于 2025 年 4 月 23 日开市起被实施退市风险警示。 若公司出现《深圳证券交易所股票上市规则》第 9.3.12 条规定的情形，公司股票 存在被终止上市的风险。 2025 年 4 月 22 日，公司披露了《关于股票交易被实施退市风险警示暨股票 停牌的公告》（公告编号：2025-030）。公司 2024 年度经审计的财务数据触及 《股票上市规则》第 9.3.1 条"（一）最近一个会计年度经审计的利润总额、净 利润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后的营业收入低于 3 亿元。"规定的情形，公司股票于 2025 年 4 月 23 日开市起被实施退市风险警 示。 根 ...

证券代码：003032 证券简称：*ST传智 公告编号：2026-002 江苏传智播客教育科技股份有限公司 关于 2025 年度拟计提资产减值准备的提示性公告 根据《企业会计准则》和公司相关会计政策的规定，公司基于应收账款、其 他应收款、长期应收款等金融资产的共同风险特征划分组合，按照单项和组合评 估预期信用损失，计提信用减值损失。公司对 2025 年 12 月 31 日合并报表范围 内应收款项拟计提减值准备合计 2,500 万元至 3,500 万元。 江苏传智播客教育科技股份有限公司（以下简称"公司"）根据《深圳证券 交易所股票上市规则》《深圳证券交易所上市公司自律监管指南第 1 号——业务 办理》《企业会计准则》等相关规定，拟对 2025 年度可能发生资产减值损失的 相关资产计提资产减值准备 5,000 万元至 8,500 万元，具体情况如下： （二）合同资产减值准备 一、本次拟计提资产减值准备情况概述 为客观、公允地反映公司截至 2025 年 12 月 31 日的财务状况和经营结果， 公司对合并报表范围内各项资产进行了减值迹象的识别和测试。根据识别和测试 结果，公司拟计提资产减值准备 5,000 万元至 ...

Financial Performance - The company expects a net profit loss of between ¥7,000.00 million and ¥10,000.00 million for the fiscal year 2025, compared to a loss of ¥13,392.34 million in the previous year[3] - Projected operating revenue for 2025 is estimated to be between ¥36,000.00 million and ¥40,000.00 million, up from ¥24,566.34 million in the same period last year[3] - The total profit is expected to be a loss of between ¥9,000.00 million and ¥12,000.00 million, an improvement from a loss of ¥12,546.30 million in the previous year[3] - The company's total equity attributable to shareholders is projected to be between ¥116,000.00 million and ¥119,000.00 million at the end of the fiscal year, down from ¥125,878.64 million at the end of the previous year[3] - The financial data presented is preliminary and subject to final confirmation in the 2025 annual report[8] Business Development - The company has launched a new generation of intelligent training system courses, integrating advanced technologies such as large model fine-tuning and application development[6] - The company has established the Datong Data Technology Vocational College, which offers six digital majors, marking a significant step in its domestic education business[6] - The acquisition of Singapore Fu Ren International School was completed in January 2025, enhancing the company's asset quality and supporting its international business expansion[6] - The company is implementing a dual-track development strategy focusing on "digital talent vocational training + academic education" to stabilize and grow its business lines[5] Asset Management - The company plans to conduct impairment testing on various assets and may recognize impairment provisions based on prudent principles[7]

Core Insights - The education sector experienced a slight increase of 0.15% on January 29, with BoRui Communication leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] Education Sector Performance - BoRui Communication (600880) closed at 6.11, up 2.17% with a trading volume of 1.0181 million shares and a transaction value of 630 million [1] - QuanTong Education (300359) closed at 5.68, up 2.16% with a trading volume of 196,700 shares and a transaction value of 11.2 million [1] - DouShen Education (300010) closed at 7.44, up 1.92% with a trading volume of 1.2808 million shares and a transaction value of 960 million [1] - Other notable performances include Action Education (605098) at 45.42, up 0.93%, and XueDa Education (000526) at 38.40, up 0.79% [1] Capital Flow Analysis - The education sector saw a net inflow of 3.5215 million from institutional investors, while retail investors contributed a net inflow of 72.2198 million [2] - However, speculative funds experienced a net outflow of 75.7413 million [2] Individual Stock Capital Flow - DouShen Education (300010) had a net inflow of 50.2106 million from institutional investors, but a net outflow of 33.7840 million from retail investors [3] - China High-Tech (600730) saw a net inflow of 25.6964 million from institutional investors, with retail investors showing a net outflow of 23.2824 million [3] - QuanTong Education (300359) had a net inflow of 5.2657 million from institutional investors, while retail investors had a net outflow of 1.8672 million [3]