Xi Niu Cai Jing·2026-02-13 10:24Group 1 - The A-share market experienced a decline on the last trading day of the Year of the Snake, with major indices falling over 1% and total trading volume below 2 trillion yuan [1] - The military industry sector saw gains due to international tensions, while sectors like photovoltaic equipment and steel faced significant declines [1] - Analysts suggest that investors should "hold stocks over the holiday" as a new market trend is expected post-holiday [1] Group 2 - The China Securities Regulatory Commission (CSRC) has imposed penalties on Tianfeng Securities for illegal financing and information disclosure violations related to the Wuhan Contemporary Technology Industry Group [2] - Tianfeng Securities and its former executives face fines totaling 34.8 million yuan, with lifetime market bans for key individuals [2] - The Shanghai and Shenzhen Stock Exchanges have issued notifications to standardize investor education and compliance requirements for bond repurchase transactions [2] Group 3 - TrendForce predicts that HBM4 validation will be completed by Q2 2026, driven by increasing GPU demand from AI infrastructure expansion [3] - The global DRAM/NAND Flash market is expected to reach $75.51 billion by Q4 2025, with a quarter-on-quarter growth of 29.2% [4] - The lithium carbonate price surged in January 2026, with battery-grade prices rising by 28.15% to 152,500 yuan per ton [4] Group 4 - The Chinese gaming market reported actual sales revenue of 32.468 billion yuan in January 2026, reflecting a year-on-year growth of 4.47% [5] - Huawei's former multimedia technology department head was arrested for bribery, highlighting internal compliance issues [5] - Luxury brands LV, Dior, and Tiffany were fined over 36 billion won in South Korea for customer information leaks [6] Group 5 - Pinduoduo established two new affiliated companies in Shanghai with a combined registered capital of 15 billion yuan, indicating potential supply chain upgrades [7] - Haoyou Engineering won a $4 billion contract for the NFPS COMP5 project in Qatar, with the company's share exceeding $800 million [8] - Qiaoyin Co. terminated its artificial intelligence headquarters project due to changes in investment conditions [9] Group 6 - Juguang Technology announced plans for shareholders to reduce their stakes by up to 2.33% of the company's total shares [10] - Yatai Group intends to sell a 20.81% stake in Northeast Securities, with the transaction subject to uncertainties [11] - Warner Pharmaceuticals reported a 46.95% increase in net profit for 2025, reaching 241 million yuan [12] - Lianrui New Materials achieved a 16.42% increase in net profit for 2025, totaling 293 million yuan [14] - Huayin Technology expects a 24.28% decrease in net profit for 2025, projecting 313 million yuan [15] - Ruijun New Materials reported a 23.48% increase in net profit for 2025, amounting to 311 million yuan [16] - Qizheng Tibetan Medicine's net profit grew by 10.98% in 2025, reaching 646 million yuan [17]