Market Overview - Last Friday, Hunan Gold achieved a five-day consecutive rise, Baichuan shares had a three-day consecutive rise, and Tiandi Online had six rises in ten days, while the A-share indices showed mixed results with over 2800 stocks declining [1] - The total trading volume in the Shanghai and Shenzhen markets was 2.84 trillion yuan, a decrease of 394.5 billion yuan from the previous day [1] - Sectors such as agriculture, paper-making, computing hardware, and tourism hotels led the gains, while the number of stocks with three or more consecutive rises dropped to only two [1] Company Updates - Fenglong Co., Ltd. announced that its acquisition by UBTECH will not involve asset injections within 36 months post-acquisition, and the stock will resume trading on February 2 after a review of trading fluctuations [3] - Jerry Holdings signed a sales contract for gas turbine generator sets worth 1.82 billion USD (approximately 12.65 billion yuan) with a U.S. client, marking the fourth such contract since November 2025 [4] - China Mobile reported that the adjustment of the VAT rate from 6% to 9% on telecom services will impact the company's revenue and profit starting January 1, 2026 [5]
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