证券日报网讯 2月12日，广日股份在互动平台回答投资者提问时表示，公司通过设立产业基金，借助其 强大的资源平台和资本运作能力，围绕公司战略规划，重点开展高端智能装备、数智新兴产业、现代服 务业等领域的投资并购工作。2023年6月，国发广日基金配合公司完成了对怡达快速电梯有限公司控股 权的收购，未来如有达到信息披露标准的进展，公司将严格按照监管要求履行披露义务。 （编辑 楚丽君） ...

智通财经记者 | 张倩楠 智通财经编辑 | 刘海川 "委托审查制度是健全分类分级审查的创新举措，充分利用了央地市场监管体系，提高了整体效能。"2026年2月11日，市场监管总局召开新闻发布会，陕西 省市场监督管理局副局长潘洁回答智通财经提问时介绍。 经营者集中审查作为中央事权，一直以来由国务院反垄断执法机构直接负责。2022年8月起，市场监管总局委托北京、上海等5省（市）市场监管部门开展审 查，并于2025年8月转为正式委托，推动审查更加贴近经营主体，审查人员与申报人的沟通更加高效。 潘洁介绍，委托审查以来，陕西省高效审查医药、新能源、汽车等领域经营者集中案件178起，平均受理和审结时间不超过20天；建章立制，严格规范审查 流程；深耕市场调研，持续提升办案质量，确保在总局的指导下完成审查工作，与总局"同频共振"，切实维护市场公平竞争，服务企业依法投资并购。 此外，陕西省市监局在官网开设"促进市场公平竞争"专栏，为企业搭建"一站式"信息平台；在企业变更股权、合资办企等关键登记环节嵌入风险提示，累计 弹窗提醒企业依法申报超70万次；持续推进法律政策"三进活动"，即"进机关、进党校、进企业"，为重点企业组织专题培训 ...

Core Viewpoint - Oke Technology Co., Ltd. expects a net profit of between 46.51 million and 60.46 million yuan for 2025, representing a year-on-year growth of 35.64% to 76.32% [1] Group 1 - The company is expanding production capacity for smart equipment orders and improving the performance of household paper smart equipment, contributing to sustained growth in its equipment business [1] - Total operating revenue and production capacity have increased, with rapid growth in material revenue, particularly in PI materials, which are being explored for expansion into other application fields [1] - The company possesses strong core competitiveness, with a complete industrial chain from core technology research and development to finished product delivery in the smart equipment sector, which is fundamental for creating value for customers [1] Group 2 - The company aims to establish a dual-core pillar of equipment and materials, focusing on refining the equipment sector to solidify profit foundations while positioning itself in forward-looking sectors like PI and CPI materials to drive a second growth curve [2] - The company plans to expand its boundaries in the hard technology industry through investments and acquisitions, supported by a distinctive management incentive mechanism and technical advantages [2] - The company is committed to integrating quality teams and partners to ensure talent support for its development [2]

本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二六年一月二十九日（交 易時段後），本公司與一家國有投資公司（為深圳市屬國有企業的全資附屬公司， 「該國有企業」）訂立戰略合作框架協議（「框架協議」）。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA BRILLIANT GLOBAL LIMITED 朗華國際集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：8026） 自願性公告 業務發展最新情況 本公告乃由朗華國際集團有限公司（「本公司」，與其附屬公司統稱「本集團」） 自願刊發，以向本公司股東（「股東」）及潛在投資者提供有關本集團最新業務 發展的資料。 戰略合作框架協議 根據框架協議，本公司與該國有企業擬建立長期戰略關係，發揮彼等各自的行 業及資本市場優勢，共同物色主要聚焦於資本市場的投資、併購及資本營運機 會。 各訂約方建議就（其中包括）以下方面合作： – 1 – • 確定和執行涉及先進工業和製造業的股權併購機會； • ...

Group 1: Current Business Overview - The company specializes in rubber polymer materials, primarily serving the automotive, electrical, aviation, and nuclear protection sectors [2] - The automotive and electrical segments contribute significantly to overall revenue, benefiting from years of technological research and customer accumulation [2] - The company is actively developing its aviation and special equipment business sectors [3] Group 2: Future Business Development Plans - The company aims to maintain its focus on rubber polymer materials while exploring applications in other industries to enhance technological innovation and capabilities [3] - There is a commitment to deepening existing business while seeking potential acquisition targets for rapid external growth [3] - The company expresses optimism about future growth, citing a stable business environment and confidence in its operational capabilities [3]

Core Viewpoint - The company, Taili Technology (301595), has set growth targets for its equity incentive program that are both reasonable and achievable, providing clear performance guidance to the market while considering the feasibility for the incentivized parties [1] Group 1: Growth Drivers - The core driver for achieving the growth targets is the contribution from new businesses, which possess strong profitability and are expected to steadily enhance the overall revenue and profit scale of the company [1] Group 2: Strategic Measures - The company plans to implement multi-dimensional measures to ensure the achievement of its targets, including cost reduction through refined management, application of AI technology, and optimization of business structure to steadily decrease the expense ratio [1] - Additionally, the company will actively explore investment and acquisition paths to provide strong support for the growth targets through complementary integration within the industry chain [1]

Group 1: Company Overview and Business Strategy - The company focuses on both traditional and new businesses, with a strong emphasis on optimizing resource allocation and enhancing operational control to reduce overall marketing expenses [2] - The B-end new business is exploring functional materials in various industrial applications, such as nano-fluid materials in robotics and public safety systems [2][3] Group 2: Growth Drivers and Market Expansion - Future growth is expected to be driven by online cross-border channels, which leverage a mature product matrix to quickly reach global markets [3] - The company is enhancing its B-end market development through deeper collaboration with industrial clients and optimizing customer structure [3] Group 3: Performance in E-commerce Channels - Significant growth in the Amazon channel over the past two years is attributed to refined brand management and operational strategies, which enhance product visibility and brand influence [3] - The company plans to further integrate resources in mature cross-border markets to strengthen its competitive edge [3] Group 4: Incentives and New Business Contributions - The growth targets set for the company's equity incentive plan are realistic and achievable, with new business contributions expected to drive overall revenue and profit growth [4] - New business revenue includes flexible connections, outdoor equipment, bio-preservation, and safety protection materials [4] Group 5: B-end Client Development Progress - The company is leveraging its technical advantages in materials to expand diverse application scenarios, gaining trust from various industrial clients [5] - Ongoing research and development efforts are focused on applying coating materials in anti-icing and anti-scratch applications, particularly in automotive and consumer electronics [5]

Financial Data and Key Metrics Changes - Net revenue decreased by 3.1% year-on-year, with organic growth down 1.3% and volume down 2.5%, while pricing increased by 1.2% [5][11] - Adjusted EBITDA for Q4 was $170 million, up 15% year-on-year, with an EBITDA margin of 19%, an increase of 290 basis points [6][12] - Adjusted earnings per share rose by 39% to $1.28, driven by higher operating income and share repurchases [12] Business Line Data and Key Metrics Changes - In HHC, organic revenue decreased by 1.8% year-on-year, with EBITDA up almost 30% and EBITDA margin improving to 17.5% [6][7] - Engineering adhesives saw organic revenue growth of 2.2%, with adjusted EBITDA increasing by 17% and EBITDA margin rising to 23.5% [7][8] - BAS experienced a 4.8% decline in organic sales, with EBITDA down 7% due to lower volume [8] Market Data and Key Metrics Changes - Americas organic revenue was flat year-on-year, with growth in engineering adhesives offset by weaker results in packaging and construction [9] - EIMEA region saw a 6% decline in organic revenue, driven by lower volume in packaging and construction [9] - Asia-Pacific reported a 3% increase in organic revenue, with significant growth in engineering adhesives and HHC [9] Company Strategy and Development Direction - The company aims to achieve greater than 20% EBITDA margin and is focused on transforming into a higher-growth, higher-margin entity [4][10] - Strategic actions include portfolio repositioning, cost management, and investments in higher-margin markets [10][16] - M&A remains a key part of the strategy, with recent acquisitions in medical adhesives and fastener coating systems expected to drive future growth [16][18] Management's Comments on Operating Environment and Future Outlook - The economic environment is expected to remain challenging in 2026, with geopolitical tensions and inflation impacting manufacturing investment [10][14] - Despite these challenges, the company anticipates profit growth and margin expansion in 2026, supported by pricing and raw material cost actions [10][14] - Management expressed confidence in the ability to navigate the current landscape and achieve strategic goals [20] Other Important Information - The company is implementing a manufacturing footprint and warehouse consolidation initiative called Quantum Leap to improve cost structure [9][10] - Adjusted gross profit margin increased to 32.5%, reflecting pricing and cost management efforts [11] Q&A Session Summary Question: Q1 guidance and revenue outlook - Management indicated that Q1 revenue is expected to decline low single digits due to the timing of Chinese New Year, which will shift some revenue to Q2 [24][27] Question: Raw materials and pricing outlook for 2026 - The company expects a carryover benefit of around $25 million from pricing and raw materials into 2026, with an overall benefit of about $35 million anticipated [30][31] Question: BAS segment performance and government shutdown impact - Management clarified that the BAS segment faced tough comparisons and that the government shutdown did not significantly impact their performance [40][41] Question: Packaging market dynamics and competitive intensity - The packaging market remains competitive, with management focusing on working with customers where they can add the most value [92] Question: Geographic market demand growth - Management noted that China showed signs of recovery, with double-digit organic growth, while other regions remain challenging [98][100] Question: Free cash flow outlook and working capital - The company expects free cash flow to be impacted by higher working capital due to the Quantum Leap initiative, with a goal to reduce working capital below 15% in the long term [75]

Core Viewpoint - The company aims to enhance its market competitiveness and sustainable development capabilities through internal growth and investment mergers and acquisitions, focusing on optimizing and expanding its inspection, testing, and certification business [1] Group 1 - The company is actively seeking high-quality investment and acquisition targets [1] - The strategy includes both organic growth and mergers and acquisitions to achieve business optimization [1] - The focus is on improving the company's market competitiveness and sustainable development [1]

Core Viewpoint - CMOC Limited, a subsidiary of Luoyang Molybdenum Co., Ltd., is acquiring 100% equity of LatAm and LGC from EQX for $1.015 billion, which includes $900 million in cash at closing and up to $115 million in contingent cash payments based on sales performance [1][2] Group 1: Transaction Details - The acquisition involves four operating gold mines: Aurizona, RDM, and Bahia, which are expected to significantly enhance the company's gold production capacity [2] - The total gold resource from the acquired assets is 5.013 million ounces with an average grade of 1.88 g/t, while the gold reserves are 3.873 million ounces with an average grade of 1.45 g/t [1] - Post-transaction, the company's annual gold production is projected to reach 8 tons, aligning with its strategic focus on copper and gold investments [2] Group 2: Strategic Implications - This acquisition marks the company's continued expansion into South America, following its previous investment in the Kayser House gold mine [2] - The transaction is expected to bolster the company's resource reserves and support its investment and acquisition strategy centered on copper and gold [2]