Group 1 - The core viewpoint of the news is that Yunnan International Trust Co., Ltd. and Xinyin Wealth Management Co., Ltd. won first place in the "Bank-Trust Cooperation Supporting Technological Innovation Model" project, as announced by the China Trust Industry Association [1][3] Group 2 - Yunnan Trust has integrated rigorous research practices with business transformation, reflecting its commitment to regulatory policies and support for the real economy and regional development strategies [3][4] - The joint project team conducted extensive surveys and field visits to understand the financial needs of technology enterprises and the pain points of banking services, laying a solid research foundation [4] - The project proposed eight innovative cooperation models based on the strengths of both banks and trusts, creating a synergistic effect described as "1+1>2" [4] Group 3 - Yunnan Trust actively participates in the formulation of industry standards, particularly in ESG and green finance, contributing to the establishment of the first domestic ESG group standard [5] - The company is the first in the trust industry to join the expert working group supporting carbon peak and carbon neutrality goals, engaging in research on carbon financial products and green finance business models [5] - Yunnan Trust aims to deepen the collaboration between research and industry, focusing on key transformation topics and market trends in the trust sector [5]

经济观察网近期，节能铁汉股价在近7个交易日内呈现震荡上行趋势。截至2026年02月11日收盘，该股 报1.87元，单日上涨1.63%，成交金额为1.21亿元；近5日累计上涨5.06%，区间振幅显著。资金流向方 面，02月11日主力资金净流入1776万元，显示短期资金关注度提升。技术面上，股价目前接近20日移动 平均线1.796元，布林带指标显示压力位在1.877元附近，支撑位参考1.72元。近期事件2026年02月06 日，节能铁汉发布了《2024年环境、社会和治理(ESG)报告》，重点披露了公司在生态修复、乡村振兴 及灾害救援等方面的履责实践，如支援广东梅州抢险救灾和海南陵水道路恢复工作。该报告强调ESG与 核心业务的融合，但未提及具体财务影响。 以上内容基于公开资料整理，不构成投资建议。 ...

专题：跨国企业在中国 新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播ESG理念，提升ESG可持续发 展表现。点击查看【 ESG评级中心服务手册】 文 | 新浪财经 李欣然 在当前全球格局深刻调整、科技创新与绿色转型交织并进的时代背景下，中国与欧盟作为世界两大重要经济体，其互动与合作不仅关乎双边关 系，也对全球产业链重构、气候治理和数字经济发展具有深远影响。面对地缘政治变局、供应链韧性挑战以及人工智能等新兴技术带来的变 革，中欧双方如何在竞争与合作中寻找平衡点，成为关注的焦点。 为此，新浪财经对话了欧洲商业联合会（BusinessEurope）总干事 Markus J. Beyrer，围绕绿色转型、AI治理、供应链调整以及中欧经贸关系前 景等核心议题，分享其对欧盟政策取向、企业战略应对以及双边合作路径的洞察与思考。 欧洲商业联合会（BusinessEurope）总干事 Markus J. Beyrer 以下为对话原文： 新浪财经：在地缘政治局势紧张与能源转型的双重压力下，您觉得欧盟政策应如何在提升企业竞争力与加速绿色转型之间取得平衡？在您 看来，将环境和社会因素纳 ...

证券研究报告 | 浙商早知道 报告日期：2026 年 02 月 12 日 浙商早知道 2026 年 02 月 12 日 ：王禾 执业证书编号：S1230512110001 ：021-80105901 重要观点 http://www.stocke.com.cn 1/4 请务必阅读正文之后的免责条款部分 ❑ 大势：2 月 11 日上证指数上涨 0.09%，沪深 300 下跌 0.22%，科创 50 下跌 1.11%，中证 1000 下跌 0.13%，创业 板指下跌 1.08%，恒生指数上涨 0.31%。 ❑ 行业：2 月 11 日表现最好的行业分别是建筑材料（+3.29%)、有色金属（+2.39%)、石油石化（+2.18%)、钢铁 （+1.68%)、煤炭（+1.4%)，表现最差的行业分别是通信（-2.17%)、传媒（-1.99%)、社会服务（-1.74%)、电子 （-1.09%)、国防军工（-0.91%)。 ❑ 资金：2 月 11 日全 A 总成交额为 20010.43 亿元，南下资金净流入 48.16 亿港元。 ❑ 【浙商策略 廖静池/王大霁/黄宇宸】策略专题研究：太空光伏+钙钛矿：开启能源新纪元，掘金万亿级" ...

Core Viewpoint - RLX Technology plans to launch its self-developed oral nicotine product in the European and American markets by 2026, receiving positive feedback from global distributors [1] Group 1: Product Development and Market Strategy - The oral nicotine product has garnered positive responses from global distributors, indicating strong market interest [1] - The company aims to strengthen its position in the Asia-Pacific and European markets through localized products and retail networks [1] Group 2: Corporate Social Responsibility - The "Seeing Love: Guide Dog Partner Program" will be implemented from 2025 to 2026, with a plan to donate 4 million yuan for the training, medical care, and education of 20 guide dogs [1] - The first batch of guide dogs has been delivered and is currently undergoing adaptation training [1] Group 3: Financial Performance - As of the third quarter of 2025, international business revenue accounted for 72% of the company's total revenue [1]

Group 1 - The stock price of Xiaoying Technology (XYF.N) has shown a fluctuating upward trend over the past week, with a cumulative increase of 1.54% and a volatility of 11.32% [1] - The latest closing price on February 11 was $5.29, with a single-day decline of 1.49%. The trading volume was 16,595 shares, indicating relatively low trading activity [1] - The highest price during this period was $5.52 on February 10, while the lowest was $4.93 on February 5. The current price-to-earnings ratio (TTM) is 0.92, and the price-to-book ratio is 0.18, with a dividend yield of 9.72% [1] Group 2 - Recently, Xiaoying Technology emphasized its ongoing investment in supporting small and micro enterprises and rural revitalization through an official channel [2] - The company launched the "Be Your Own Light: Small Store Shining Plan" in collaboration with Southern, aimed at empowering individual business owners and small enterprises through technology [2] - Ongoing public welfare projects, such as the construction of rural libraries and international education assistance, reflect the company's focus on ESG and inclusive finance [2]

SUNNY ISLES BEACH, FLORIDA / ACCESS Newswire / February 11, 2026 / Elektros Inc. (OTC PINK:ELEK), a hard-rock lithium mining developer with operations in Sierra Leone, announced the formal adoption of its Environmental, Social, and Governance (ESG) Policy, a strategic milestone in its mission to power the global energy transition. As a forward-thinking provider of critical minerals, Elektros is dedicated to developing the resources essential for the economies of the future in a safe, clean, and ethical mann ...

Core Insights - The mining industry is experiencing a transformation through automation and new technologies, enhancing operations and boosting domestic production globally [1][4][6]. Group 1: Technological Advancements - Self-driving vehicles are revolutionizing mining operations, showcasing how automation is enhancing efficiency [1]. - Australia is utilizing advanced electromagnetic surveys to create mineral potential maps, covering around 70% of the country [2]. - Satellite technology is being integrated into mining operations, allowing for remote data transmission and monitoring of worker safety [7][10]. Group 2: Critical Minerals and Market Dynamics - Australia is positioning itself as a key player in the critical minerals market, which is essential for energy transition technologies [3][4]. - China currently dominates the production of over 15 critical minerals, leading to a global race among nations to reduce this dependency [4]. Group 3: Artisanal Mining Sector - The artisanal mining sector has grown significantly, contributing approximately 20% of the world's gold supply today, up from 4% in the 1990s [11]. - There are pressing regulatory challenges within the artisanal mining sector, particularly concerning social and environmental risks [12][14]. Group 4: ESG and Industry Challenges - The relevance of ESG frameworks in mining is being questioned, with some experts suggesting it is evolving rather than dying [15][17]. - The industry faces challenges in balancing compliance with varying regulations across different markets [18][19]. - Circular economy principles are being explored, with mining companies encouraged to adopt practices that support sustainability [20][21].

Financial Performance - Service revenue grew by 5.2% year-on-year, exceeding inflation [3] - EBITDA increased by 7.5%, with an EBITDA margin reaching 51% [3][12] - Operating cash flow expanded by 16%, closing the year with a margin of 22.7% [3][14] - Total shareholder remuneration amounted to BRL 4 billion in cash and BRL 750 million in share buybacks, achieving a payout ratio of 139% [3][14] Business Line Performance - Mobile service revenues increased by 5.4%, with postpaid revenues growing by 9.5% in Q4 [5][6] - Postpaid ARPU reached almost BRL 55, reflecting a year-on-year growth of 3.1% [6] - Prepaid segment showed signs of stabilization, with revenue decline decelerating for the third consecutive quarter [7] - Broadband revenues returned to growth in Q4, with UltraFibra revenues increasing by 6.2% year-on-year [8][9] Market Performance - TIM remains the leader in 5G in Brazil, covering over 1,000 cities, which is 52% more than the second player [4] - B2B solutions surpassed BRL 1 billion in total contracted value, confirming its role as a structural growth engine [10] Company Strategy and Industry Competition - The company aims to drive value creation through mobile, B2B, and broadband, supported by artificial intelligence, efficiency, and ESG initiatives [16][17] - The acquisition of I-Systems is expected to enhance operational efficiency and customer experience [19][24] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue creating value for stakeholders as it enters 2026 [15] - The company is focused on maintaining a disciplined capital allocation strategy while exploring new growth avenues [17] Other Important Information - Operating costs grew only 1.8% year-on-year, reflecting ongoing cost optimization efforts [12] - The company completed a significant network modernization project in São Paulo, enhancing service quality [8] Q&A Session Summary Question: Margin and efficiency - Inquiry about the structural versus temporary nature of margin expansion and the strategic implications of the I-Systems acquisition [21] Answer - Management indicated that the margin expansion is largely structural, with the I-Systems acquisition enhancing operational control and efficiency [23][24] Question: Network and interconnection expenses - Questions regarding the drivers behind decreased network and interconnection expenses and the impact of mobile portability [31] Answer - Management noted stable churn levels and attributed the increase in portability to competitors' practices, while also highlighting ongoing cost optimization efforts [34][36] Question: Personal expenses and broadband ARPU - Inquiry about the sustainability of gains from tax over overtime hours and the improvement in broadband ARPU [39] Answer - Management clarified that the ARPU improvement is primarily due to internal optimization efforts rather than overall market dynamics [40][42] Question: Tower leases and tax reform - Questions about the evolution of tower lease negotiations and the impact of Brazil's tax reform [49] Answer - Management confirmed ongoing negotiations to maintain lease costs below revenue growth and indicated that the tax reform would have a neutral impact on free cash flow in 2027 [54][55]

Financial Data and Key Metrics Changes - Service revenue grew above inflation with a year-on-year expansion of 5.2% [3] - EBITDA margin expanded to 51%, with EBITDA increasing by 7.5% [3] - Operating cash flow grew at double-digit, closing the year with a 16% increase [3] - The company delivered BRL 4 billion in cash dividends and BRL 750 million in share buybacks, achieving a 139% payout ratio [14] Business Line Data and Key Metrics Changes - Mobile service revenues increased by 5.4% year-on-year, with postpaid revenues growing by 9.5% in Q4 [5][6] - Postpaid ARPU reached almost BRL 55, growing 3.1% year-on-year [6] - Prepaid segment showed signs of stabilization, with revenue decline decelerating for the third consecutive quarter [7] - Broadband revenues returned to growth in Q4, with UltraFibra revenues increasing by 6.2% year-on-year [9] Market Data and Key Metrics Changes - TIM remains the leader in 5G in Brazil, covering over 1,000 cities, which is 52% more than the second player [4] - In B2B, total contracted value surpassed BRL 1 billion across various verticals [4][10] Company Strategy and Development Direction - The company aims to drive value creation through mobile, B2B, and broadband, supported by artificial intelligence, efficiency, and ESG initiatives [16][17] - The acquisition of I-Systems is expected to enhance operational efficiency and customer experience [19][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue creating value for stakeholders as it enters 2026 [15] - The company is prepared to capture new opportunities in B2B with a scalable portfolio integrating connectivity and digital services [16] Other Important Information - Operating costs grew only 1.8% year-on-year, reflecting ongoing efficiency programs [12] - The company completed a significant network modernization project in São Paulo, enhancing service quality [8] Q&A Session Questions and Answers Question: On margins and efficiency, how much of the efficiency is structural? - Management indicated that the efficiency gains are largely structural, with some temporary effects in Q4 due to interconnection costs and taxation changes [21][26] Question: Regarding the acquisition of I-Systems, what does this suggest about the company's commitment to the asset? - Management clarified that the acquisition provides control over operations and is not indicative of a potential sale of the fiber business, emphasizing a focus on value generation [24][25] Question: What are the main drivers behind the decrease in network and interconnection expenses? - Management noted that while visitor interconnection costs decreased, there were increases in costs related to digital content providers and network expansion [31][37] Question: Can you provide more details on the price increases planned for Q1? - Management confirmed that price adjustments for postpaid customers are underway, similar to previous years, with adjustments occurring in phases [59] Question: What is the outlook for tower lease negotiations and expenses? - Management stated that ongoing negotiations are aimed at maintaining lease costs below revenue growth, despite pressures from inflation and network expansion [50][52]