2025 Results & 2026 Objectives Delivering accretive energy growth, while strengthening resilience Delivering accretive energy growth, while strengthening resilience February 11, 2026 February 2026 – Results and Objectives | 2 Table of contents 03 | Safety, our core value 04 | Relentlessly reducing emissions 06 | 2025: delivered growth while preparing 2030+ 07 | Delivered on our growth objectives 08 | Sustaining attractive distributions supported by accretive growth and strong balance sheet 09 | Disciplined ...

Core Insights - Global Mofy AI Limited, a generative AI-driven technology solutions provider, announced that its CEO, Mr. Haogang Yang, was recognized as one of the "Top 10 Innovative Economic Figures of the Year" at the 2025 China Economic Summit Forum [1][2]. Group 1: Recognition and Event - The 2025 China Economic Summit Forum took place in Beijing on January 24–25, 2026, focusing on economic digitalization and new development opportunities [3]. - The award program acknowledges entrepreneurs who have significantly contributed to digital transformation and innovation-led development [3]. Group 2: Company Overview and Leadership - Since its founding in 2017, Global Mofy has aimed to tackle challenges in digital content production, such as high costs and low efficiency [4]. - Under Mr. Yang's leadership, the company has invested in standardized 3D digital asset systems and workflow optimization, laying the groundwork for AI-enabled content production [4]. Group 3: Future Vision - Mr. Yang emphasized the importance of AI in enhancing production while maintaining creative vision, aiming to unlock efficiency and organizational capability without replacing creativity [5]. - The company plans to deepen innovation in generative AI and explore the integration of technology and art to contribute to high-quality growth in the digital economy [5]. Group 4: Company Capabilities - Global Mofy utilizes its proprietary "Mofy Lab" technology platform to create high-definition 3D digital assets for various applications, including movies, AR/VR, and gaming [6]. - The company boasts a digital asset bank, Global Mofy Metaverse, which contains over 150,000 high-precision 3D digital assets [6].

Market Overview - US equity futures are flat, with S&P and Nasdaq 100 futures both up 0.1% as the market anticipates weaker payroll data following a Retail Sales miss and weaker high-frequency data [1] - International markets show mixed trends, with Japan closed, KOSPI up 1%, and HSI up 0.3%, while European markets are mostly flat to down [1] - Commodities are moving higher, led by silver, with crude oil prices quietly rising [1] Company Performance - In premarket trading, Mag 7 stocks are mixed, with Nvidia up 0.6% and Tesla down 0.2% [3] - Astera Labs falls 11% after reporting disappointing fourth-quarter results and announcing the retirement of its CFO [3] - Beta Technologies climbs 18% after Amazon disclosed a stake in the electric aircraft manufacturer [3] - Centrus Energy falls 8% as its fourth-quarter earnings per share missed analyst estimates due to higher-than-expected capex spending [3] - Cloudflare gains 14% after beating fourth-quarter expectations and providing a bullish revenue forecast [3] - Humana falls 6% after forecasting full-year profit below Wall Street expectations, raising concerns about the US health-insurance industry [3] - Kraft Heinz drops 6% after pausing its planned separation as the new CEO seeks to improve results [3] - Lyft falls 17% after issuing a disappointing forecast that missed Wall Street expectations [3] - Mattel slumps 26% after its 2026 adjusted earnings-per-share forecast missed analyst estimates, leading to a downgrade at JPMorgan [3] - Moderna falls 10% after US regulators refused to review its novel mRNA flu vaccine [3] - Rapid7 declines 22% after a disappointing outlook, with analysts citing weakness in annual recurring revenue [3] Earnings Reports - Out of 326 S&P 500 companies that have reported, 78% have beaten analyst forecasts, while 17% have missed [11] - T-Mobile, Shopify, and Kraft Heinz are among companies expected to report before the market opens [11] Economic Indicators - Analysts expect January's payrolls report to show 65,000 job additions, with a whisper number of 35,000, amid expectations of a significant downward revision of 750,000 to 900,000 jobs through March 2025 [4][25] - The unemployment rate is expected to remain steady at 4.4% [25] - The market is currently pricing in two or three Fed rate cuts this year, with a growing probability of a cut by April [5][38]

Economic Signals - Retail sales have shown signs of consumer fatigue, leading to increased focus on the upcoming nonfarm payrolls report [2] Corporate Developments - Paramount has increased its bid for Warner Bros. Discovery, while an activist investor is preparing to oppose Netflix's deal [2] - Ford reported its largest quarterly loss, attributed to EV-related writedowns, tariffs, and increased costs from fires at its aluminum supplier [2] Housing Legislation - A bipartisan housing package, the Housing for the 21st Century Act, has passed the House and aims to enhance housing supply and homeownership [3] - The Senate is expected to vote on a similar bill, the ROAD to Housing Act, with efforts needed to reconcile both bills before sending a unified measure to the President [3][4] - The Housing for the 21st Century Act includes 38 sections aimed at removing regulatory barriers, expanding local lending, and streamlining processes [4] Political Dynamics - The Trump administration is facing resistance regarding a proposed ban on large Wall Street investors from purchasing single-family homes, with many legislators favoring supply-side solutions for housing affordability [5] Market Updates - Blackstone has raised its stake in Anthropic during a recent funding round [7] - Tesla's sales executive has resigned, and xAI has lost another co-founder [7] - ByteDance has denied reports about an in-house AI chip project [7] Economic Indicators - There are indications of a consumer pullback, with Q4 GDP estimates being cut and household debt increasing [6] - Wealth manager stocks have declined following the launch of a new AI tool [6]

By Mike Dolan 11 Feb - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Just as everyone was waiting nervously for the January payrolls report due later today, retail sales came in with a miss that scared the horses. The surprisingly flat retail readout from ‌December sowed doubts about Main Street and consumption generally as traders braced for an employment report the White House has warned us not to “panic” about. I’ll ‌get into that and more below ...

Core Viewpoint - ByteDance is developing an AI chip and is in talks with Samsung for manufacturing, aiming to produce at least 100,000 units this year [1][2]. Group 1: AI Chip Development - ByteDance is reportedly developing an artificial intelligence chip and plans to receive sample chips by the end of March [1]. - The company aims to manufacture at least 100,000 units of the AI inference chip in 2023, with plans to scale production to as many as 350,000 units gradually [2]. Group 2: Collaboration with Samsung - ByteDance is negotiating with Samsung not only for manufacturing the AI chips but also for securing memory chip supplies, which are in high demand due to global AI infrastructure expansion [2]. - The collaboration with Samsung marks a significant step in ByteDance's multi-year effort to build in-house chips for AI workloads, which began with hiring chip-related talent in 2022 [2].

Group 1 - ByteDance is developing an artificial intelligence chip to enhance its technological capabilities [1] - The company is in discussions with Samsung Electronics for the manufacturing of this chip [1] - This move aims to secure a supply of advanced processors, indicating ByteDance's strategic focus on hardware development [1]

TEND TO WREAK HAVOC, ARE CAUSE JITTERS IN SOME POCKETS OF THE MARKET TODAY, WE HAVE AN EXAMPLE OF THE OPPOSITE EFFECT IN THE CHINESE SPACE ACTING AS A CATALYST FOR BROAD RALLIES. DEIRDRE BOSA HAS MORE ON THIS AND WHAT IT MEANS TO INVESTORS, AND WHAT IT MEANS ABOUT THE RACE IN THESE TWO COUNTRIES. DEIRDRE YES.>> IT KIND OF COMES DOWN TO CAPEX IN A NUMBER OF THINGS. I'LL GET INTO THAT. BUT AS YOU SAID, THE MARKET JUST GAVE US A PERFECT EXAMPLE OF THE SPLIT ON THE US SIDE, BROKERAGES, THEY'RE SELLING OFF AFTER ...

Core Insights - Chinese technology stocks are gaining strategic momentum as the U.S.-China trade détente provides operational stability, with tariff rates stabilized at 31% and rare earth export controls suspended for another year, creating investment opportunities in 2026 [2][9] Semiconductor Sector - China's semiconductor consolidation accelerated with SMIC's $5.8 billion acquisition of SMIC Jingcheng and Hua Hong Semiconductor's acquisition of 97.5% of Shanghai Huali Microelectronics for $1.2 billion, consolidating domestic capacity at mature process nodes where Chinese foundries command over 25% of global capacity [4] Electric Vehicle Sector - BYD's January sales fell 30% year over year to 210,051 vehicles, the lowest since February 2024, while battery-electric passenger car sales dropped 33.6% to 83,249 units due to policy shifts; however, export momentum remained strong with a 51.4% increase to 100,482 vehicles [5] Artificial Intelligence Sector - Chinese AI advancements accelerated with multiple flagship releases, including Alibaba's Qwen3-Max-Thinking and Moonshot AI's Kimi K2.5, positioning Chinese companies competitively in the global AI landscape [6] Humanoid Robotics Sector - China holds 90% of global humanoid robot sales, with over 140 companies producing at scale; Morgan Stanley forecasts a 133% surge in sales to 28,000 units in 2026, with the domestic market reaching $1.4 billion [7] Other Strategic Sectors - COMAC targets 50 C919 units annually, the defense budget reached $249 billion with a 7.2% increase, and the medical device market approached $172.9 billion with over 33,000 enterprises [8] Company-Specific Insights - Agora is positioned for growth in conversational AI infrastructure, with strategic partnerships expanding its market beyond traditional communication [10] - Kingsoft Cloud is experiencing triple-digit growth in its intelligent computing cloud business, with gross billings reaching RMB782 million in Q3 2025 [11] - Tencent's growth is bolstered by AI integration and international cloud expansion, with significant revenue growth in marketing and gaming [12] - XPeng's strategic transformation includes the launch of the 2026 P7+ flagship and localized supply chain teams, enhancing operational efficiency and market reach [13]

ByteDance’s latest video generation model triggered gains in shares of Chinese media and AI application firms, after impressing analysts with the quality of content creation https://t.co/XOPEtAW9TC ...