Core Viewpoint - The Hong Kong IPO market has been thriving this year, with 24 companies listed without any first-day price drops, indicating strong investor interest and confidence in new listings [2]. Group 1: IPO Performance - On February 13, two companies,沃尔核材 (002130.SZ) and 海致科技集团 (02706.HK), debuted on the Hong Kong Stock Exchange, with 海致科技集团's stock surging over 240% at the time of reporting [2]. - 沃尔核材's stock initially approached the break-even point but later increased by 5.33% [2]. Group 2: Subscription and Fundraising Details - 沃尔核材's Hong Kong public offering was highly oversubscribed, with a subscription level of approximately 569.58 times, and the international offering was subscribed 8.19 times [3]. - The net proceeds from the IPO are approximately HKD 2.734 billion, with plans to allocate 45% for product diversification and upgrades, 27% for global business expansion, 18% for potential strategic investments or acquisitions, and 10% for working capital [3][4]. Group 3: Strategic Investors and Market Position - Several prominent institutions participated as cornerstone investors, including HHLRA, Jump Trading Group, and others, collectively acquiring 48.2318 million shares for about HKD 969 million [4]. - On the first day of trading, 沃尔核材 was added to the Hong Kong Stock Connect list, enhancing its visibility and accessibility to investors [4]. Group 4: Company Overview and Financial Performance - 沃尔核材 is a leading provider of high-speed data communication and alternative energy power transmission solutions, with operations in AI, telecommunications, new energy vehicles, and power sectors [4]. - The company ranks fifth globally in communication cable manufacturing with a market share of 12.7% and holds the top position in the heat shrink materials industry with a market share of 20.6% [4]. - The company's revenue grew from RMB 5.337 billion in 2022 to RMB 5.719 billion in 2023, with projections of RMB 6.920 billion in 2024. Net profit increased from RMB 660 million to RMB 758 million, expected to reach RMB 921 million in 2024 [5].

每经AI快讯，2月13日，沃尔核材(09981.HK)首挂上市。公告显示，其每股定价20.09港元，共发行1.4亿 股股份，每手200股，所得款项净额约27.34亿港元。截至发稿，沃尔核材涨0.05%，报20.1港元，成交 额1.66亿港元。 ...

Core Viewpoint -沃尔核材 has successfully listed on the Hong Kong Stock Exchange with an initial share price of HKD 20.09, raising approximately HKD 2.734 billion from the issuance of 140 million shares [1] Company Overview -沃尔核材 is one of the largest providers of heat shrink materials and communication cable products globally [1] -According to Frost & Sullivan, the company ranks fifth among global communication cable manufacturers with a market share of 12.7% based on projected 2024 revenues [1] -The company holds the top position in the global heat shrink materials industry, with a market share of 20.6% based on projected 2024 revenues [1] -In the global electric power transmission products for new energy vehicles sector, the company ranks ninth with a market share of 1.9% based on projected 2024 revenues [1] -For the global cable accessories industry, the company ranks seventh with a market share of 2.5% based on projected 2024 revenues [1] Market Activity -As of the report,沃尔核材's stock price has increased by 0.05% to HKD 20.1, with a trading volume of HKD 166 million [1] -Effective February 13, 2026,沃尔核材 will be included in the Hong Kong Stock Connect program, following the adjustment of the eligible securities list by the Shenzhen Stock Exchange [1]

Group 1 - The core point of the article is that沃尔核材 (002130) has successfully listed on the Hong Kong Stock Exchange with a share price of HKD 20.09, issuing 140 million shares and raising approximately HKD 27.34 billion in net proceeds [1] - The company is recognized as one of the largest providers of heat shrink materials and communication cable products globally, ranking fifth among communication cable manufacturers with a market share of 12.7% based on projected 2024 global revenue [1] - In the global heat shrink materials industry, the company holds the top position with a market share of 20.6% according to 2024 revenue estimates [1] Group 2 - The company ranks ninth in the global electric power transmission products for new energy vehicles, with a market share of 1.9% based on 2024 revenue projections [1] - In the global cable accessories industry, the company is ranked seventh, holding a market share of 2.5% according to 2024 revenue estimates [1] - An important regulatory update indicates that沃尔核材 will be included in the Hong Kong Stock Connect program effective February 13, 2026, following the Shenzhen Stock Exchange's announcement regarding the adjustment of eligible securities [1]

值得注意的是，2月13日，深交所发布公告，因沃尔核材在港交所上市不适用价格稳定期机制，且相应 A股上市满10个交易日，根据《深圳证券交易所深港通业务实施办法》的有关规定，港股通标的证券名 单发生调整，调入沃尔核材，并自2026年02月13日起生效。 公开资料显示，沃尔核材是全球最大的热缩材料及通信电缆产品提供商之一。根据弗若斯特沙利文的资 料，按2024年全球收入计，公司在通信电缆制造商中排名第五，占全球市场份额的12.7%。公司在全球 热缩材料行业中排名第一，按2024年全球收入计，占全球市场份额的20.6%。按2024年全球收入计，公 司在全球新能源汽车电力传输产品行业中排名第九，占全球市场份额的1.9%。按2024年全球收入计， 公司在全球电缆附件行业中排名第七，占全球市场份额的2.5%。 智通财经APP获悉，沃尔核材(09981)首挂上市，公告显示，每股定价20.09港元，共发行1.4亿股股份， 每手200股，所得款项净额约27.34亿港元。截至发稿，涨0.05%，报20.1港元，成交额1.66亿港元。 ...

客户端 美股周四大幅向下，科技股走势疲弱，三大指数均录得显著跌幅收市。美元反复靠稳，美国十年期债息 回落至4.09厘水平，金价显著下挫，油价表现亦向下。 今日港股三大指数集体低开，恒指开盘跌1.45%，报26640.16点，恒科指跌1.59%，国企指数跌1.23%。 盘面上，科网股普跌，哔哩哔哩、百度跌超3%，阿里巴巴、快手跌超2%；黄金股普跌，紫金矿业跌超 3%；汽车股走弱，比亚迪跌超2%；芯片股低开，澜起科技跌超3%；今日两只新股上市，海致科技集团 高开逾204%，沃尔核材涨0.05%。 | 名称 | 最新价 | 涨跌额 | 涨跌幅 へ | | --- | --- | --- | --- | | 恒生科技指数 | 5323.14 | -85.84 | -1.59% | | 800700 | | | | | 恒生指数 | 26640.16 | -392.38 | -1.45% | | 800000 | | | | | 国企指数 | 9062.56 | -112.62 | -1.23% | | 800100 | | | | 如何抓住黄金波段机会？聪明钱的选择，黄金+股票一键搞定>> 今日港股三大指数集体低开， ...

Industry Insights - In January 2026, a total of 18,708 excavators were sold, marking a 49.5% year-on-year increase, with domestic sales reaching 8,723 units (up 61.4%) and exports at 9,985 units (up 40.5%) [2] - MiniMax released the M2.5 model, enhancing task decomposition capabilities and token consumption efficiency, which aligns with Agentic AI task requirements, potentially benefiting related AI model and application companies [2] - Yike's cloud computing services are entering a price increase cycle due to surging demand for computing power driven by AI applications, which may benefit companies in the cloud computing and computing power supply chain [2] - Shanghai has launched the "Smart Shanghai" action plan (2026-2028) to integrate AI into information and communication networks, aiming for large-scale access of smart terminals like AI glasses by the end of 2028, presenting growth opportunities for related companies [2] - China successfully launched the world's first AI model satellite aimed at urban sustainable development, which may create development opportunities for companies involved in commercial aerospace and AI satellite applications [2][3] Company Developments - Shuangliang Energy received a regulatory warning regarding its former board secretary Yang Likang [4] - Shuangliang Energy clarified its indirect involvement in commercial aerospace projects, stating it does not have a direct partnership with SpaceX [5] - Zhongnan Culture announced plans to acquire equity in Sulong Thermal Power and will be suspended from trading starting February 13 [6] - Shenghong Technology confirmed the industrialization of its 1.6T optical module PCB [7] - Huitian Technology announced a plan to invest 3.3 billion yuan in a new high-end printed circuit board production project to meet the long-term demand for high-speed computing servers [7] - SMIC reported a supply-demand imbalance in memory and BCD components, leading to price increases [8] - Xianglu Tungsten Industry warned that significant economic fluctuations in its main customer countries could impact market demand for tungsten products and the recovery of accounts receivable [8] - Jiamei Packaging announced that its capital operation plan will be completely independent of the listed company, and it may apply for a trading suspension if stock prices rise abnormally [8] - Tailin Microelectronics disclosed that its third-largest shareholder, the National Integrated Circuit Industry Investment Fund, reduced its holdings by 4.6513 million shares, bringing its stake below 5% [8] - Zhangyue Technology projected that revenue from its AI short drama business will not exceed 1% of its main business revenue for 2025 [9] - International Composite Materials stated that electronic-grade fiberglass is a fundamental raw material for printed circuit boards (PCBs) [9] - Huapei Power announced plans to issue convertible bonds and pay cash to acquire 100% equity of Meichuang Zhiguan, leading to a trading suspension [10] - Jingrui Electric Materials plans to invest 600 million yuan to build a key materials comprehensive base for the integrated circuit manufacturing industry chain in the western region [11] - United Optoelectronics signed a business cooperation framework contract with Lingzhi Cloud Creation to provide assembly and processing services for its robotic products [11]

2月13日，深交所发布公告，因沃尔核材（002130）(09981)在香港联合交易所有限公司上市不适用价格稳定期机制，且相应A股上市满10个交易日，根据 《深圳证券交易所深港通业务实施办法》的有关规定，港股通标的证券名单发生调整，调入沃尔核材，并自2026年02月13日起生效。 | 代码 | 简称 | 调整方向 | | --- | --- | --- | | 09981 | 沃尔核材 | 调 | ...

2月13日，深交所发布公告，因沃尔核材(09981)在香港联合交易所有限公司上市不适用价格稳定期机制，且相应A股上市满10个交易日，根据《深圳证券交 易所深港通业务实施办法》的有关规定，港股通标的证券名单发生调整，调入沃尔核材，并自2026年02月13日起生效。 如何抓住黄金波段机会？聪明钱的选择，黄金+股票一键搞定>> | 代码 | 简称 | 调整方向 | | --- | --- | --- | | 09981 | 沃尔核材 | 调) | ...

Core Viewpoint - The article highlights significant developments in the AI and technology sectors, including price adjustments by companies, substantial funding rounds, and new product launches that indicate a strong growth trajectory in the industry. Group 1: AI and Technology Developments - Zhiyu announced a structural price adjustment for its GLM Coding Plan, with an overall price increase starting from 30%, effective February 12, 2026, while maintaining prices for existing subscribers [2] - Anthropic completed a Series G funding round of $30 billion, achieving a post-money valuation of $380 billion, with annual revenue reaching $14 billion [2] - OpenAI launched its first AI model, GPT-5.3-Codex-Spark, running on Cerebras Systems chips to reduce dependency on Nvidia chips and lower operational costs [2] Group 2: Financial Performance and Investments - SoftBank Group reported a net profit of 248.59 billion JPY (approximately $1.6 billion) for Q3, significantly below market expectations, with a notable gain of $19.8 billion from its investment in OpenAI [3] - Xiechuang Data plans to procure servers worth up to 11 billion CNY to support its expansion in data centers and related businesses [3] Group 3: Company News in Greater China - MiniMax launched its flagship programming model MiniMax M2.5, designed for agent scenarios, competing with top international models [5] - Meitu announced a stock incentive plan for all employees to promote long-term growth [6] - Huahong Semiconductor achieved a record sales revenue of $659.9 million in Q4 2025, a year-on-year increase of 22.4% [7] Group 4: Company News in the Americas - Microsoft signed a memorandum of understanding with Saudi Aramco to advance industrial AI and digital talent transformation [9] - Meta announced a quarterly cash dividend and plans to invest over $10 billion in a large-scale AI data center in Indiana [9] - Amazon faced a tax investigation in Italy regarding potential tax evasion from 2019 to 2024 [10] Group 5: Company News in Asia-Pacific - Kioxia reported a net profit of 87.81 billion JPY for Q3, below market expectations, while projecting annual net sales between 2.18 trillion JPY and 2.27 trillion JPY [13] - Toyota is extending the acquisition period for a public offer to improve success rates and is collaborating with a Japanese oil giant to build a solid-state electrolyte factory [13] Group 6: Company News in Europe and Oceania - Mercedes-Benz adjusted its EBIT forecast for 2025 to €8.2 billion, a 40% decline year-on-year, with plans to launch over 15 new models in China by 2026 [16] - Nestlé is recalling specific batches of infant formula in China due to contamination concerns, with no confirmed cases of illness reported [18]