【时政新闻】 ①美国上周初请失业金人数为22.7万人，前值为23.1万人； 【市场动态】 ①美股三大股指期货盘前齐涨，截至发稿，道指期货涨0.17%，标普500指数期货涨0.23%，纳指期货涨 0.22%； ②欧洲主要股指涨跌不一，截至发稿，英国富时100指数跌0.04%，法国CAC40指数涨0.96%，德国DAX 指数涨1.28%，欧洲斯托克50指数涨0.76%； 【公司新闻】 ①思科盘前跌近8%。消息面上，思科预计公司第三财季的调整后毛利率为65.5%至66.5%； ②AppLovin盘前跌超7%。消息面上，摩根大通将AppLovin的目标价从650美元下调至500美元； ②商务部：中美通过经贸磋商机制在各层级保持密切沟通； ③美国防部副防长称要推行"北约3.0"； ④特朗普称白宫年度州长会仅拒邀两人； ⑤美众议院否决对加拿大加征关税； ⑥美国会预算办公室：美国财政路径不可持续； (本文来自第一财经) ③诺和诺德盘前涨近1%。诺和诺德将在爱尔兰生产Wegovy减重片剂，供应美国以外市场； ④文远知行盘前涨近3%。消息面上，文远知行与优步（Uber）宣布，正式启动阿布扎比市中心首个 Robotaxi商业运营 ...

证券日报网讯 2月12日，信维通信在互动平台回答投资者提问时表示，公司看好商业卫星行业的发展， 正在加快包括卫星直连、地面终端等相关零部件的研发与销售。 （文章来源：证券日报） ...

Core Viewpoint - The company has extensive experience in operating overseas manufacturing bases, with the first one established in Vietnam, which has been expanding to meet the demands of AI smart terminals and commercial satellites [1] Group 1 - The company has been operating an overseas manufacturing base for several years [1] - The first overseas manufacturing base was set up in Vietnam [1] - The scale of the Vietnam base has been continuously expanding in recent years [1] Group 2 - The expansion of the Vietnam base is aimed at fulfilling product demands from clients in AI smart terminals and commercial satellites [1]

Group 1 - The core viewpoint of the articles highlights the increasing trend of cash dividends among A-share listed companies, particularly in the Shenzhen market, with nearly 120 companies distributing over 37.5 billion yuan in cash dividends since December 2025, showcasing a strong commitment to shareholder returns [1] - Private enterprises are the main contributors to the pre-festival dividends, with around 70 out of the 120 companies being private, representing about 60% of the total, indicating their robust operational strength and responsibility towards shareholders [1] - Tianshan Aluminum, as an example, has implemented two rounds of dividends in 2025, totaling over 1.379 billion yuan, and has committed to a cash dividend ratio of no less than 50% of its net profit for 2025, positioning itself as a benchmark for high dividends in the non-ferrous metal sector [1] Group 2 - The regulatory policies have encouraged an increase in dividend distributions among Shenzhen-listed companies, with a total cash dividend payout of 547.56 billion yuan in 2025, maintaining above the 500 billion yuan mark for two consecutive years, indicating a positive ecosystem for dividends [2] - By January 31, 2026, 1,714 out of 2,866 Shenzhen-listed companies had pre-disclosed their 2025 performance, with nearly 60% showing improved results, collectively achieving a net profit of 82.009 billion yuan, a significant increase of 155.67 billion yuan year-on-year [2] - Many companies are enhancing the transparency and predictability of their dividend policies through amendments to company bylaws and establishing medium to long-term dividend plans, thereby solidifying stable return expectations for investors [2] Group 3 - Yilian Network, a representative "cash cow" enterprise in the ChiNext board, has maintained a consistent and stable dividend policy since its listing in 2017, mandating a minimum annual cash distribution of 20% of distributable profits, ensuring long-term returns for investors [3] - The company has executed 12 cash dividend distributions to date, totaling over 8.5 billion yuan, with an average dividend payout ratio close to 60%, establishing itself as a model for high and regular dividends in the industry [3] - The new "National Nine Articles" policy is expected to enhance the willingness, profitability, and regulatory compliance of listed companies regarding dividends, facilitating the establishment of a normalized, diversified, and stable dividend mechanism [3]

Core Viewpoint - The company is optimizing its operational management and improving turnover efficiency in response to various industry and project cycle factors [2] Group 1: Operational Management - The company is continuously optimizing operational management and enhancing turnover efficiency due to multiple factors including industry environment and project cycles [2] - The company is strictly adhering to accounting standards for asset impairment and credit impairment [2] Group 2: Business Strategy - The company has established a comprehensive competitive advantage through technology research and development, product systems, market channels, and customer resources [2] - The company is accelerating the transformation of technological achievements and project implementation to convert its leading advantages into operational performance [2] Group 3: Inventory Management - The scale of inventory is primarily influenced by business structure, project delivery cycles, and stocking strategies [2] - The company is strengthening inventory control and market expansion efforts [2] Group 4: Investor Communication - The company commits to responding to investor inquiries in a timely manner according to relevant regulations to ensure effective communication with investors [2]

证券日报网讯 2月12日，慧智微在互动平台回答投资者提问时表示，下一代移动通信6G技术尚未到商业 化应用阶段，公司技术目前主要应用于4G和5G领域，并随着无线通信技术演进不断优化迭代。 （文章来源：证券日报） ...

（文章来源：证券日报） 证券日报网讯 2月12日，盛科通信在互动平台回答投资者提问时表示，公司严格按照企业会计准则及监 管要求披露2025年度业绩预告。股价波动受宏观经济、行业政策、市场情绪、资金偏好等多重因素影 响。公司始终专注主业发展，持续提升经营质量与长期发展优势。 ...

春节前夕"红包"落地。一批深市公司积极派发现金红包，用实实在在的收益回馈投资者。 统计数据显示，2025年12月以来，近120家深市公司实施利润分配，累计分红超375亿元。 近年来，深市公司持续提高分红水平。回顾2025年全年，深市公司累计发放现金股利5475.59亿元，连 续两年突破5000亿元。"十四五"时期深市公司实施分红总额超2万亿元，上市公司"愿分红、常分红"的 生态逐步形成，投资者获得感明显提升，形成了良性的投资回报机制。 作为创业板上市公司中典型的"现金奶牛"，亿联网络于2025年9月实施2025年半年度权益分派，向股东 每10股派发现金红利5元，合计分配现金红利6.33亿元，占上半年净利润比例超过50%，延续了高比例 分红的传统。自2017年上市以来，公司始终将分红政策的连续性和稳定性置于公司治理的核心位置，其 《公司章程》规定，公司每年度以现金方式分配的利润应不低于当年实现的可分配利润的20%。这一硬 性比例要求从制度层面保障了投资者的回报预期。截至目前，公司累计现金分红次数达12次，累计现金 分红金额超过85亿元，平均分红率近60%。 2025年11月，歌尔股份实施2025年前三季度权益分 ...

Core Viewpoint - The Shenzhen Stock Exchange (SZSE) companies are increasingly engaging in cash dividend distributions, with a total of over 375 billion yuan distributed since December 2025, indicating a robust investment return mechanism and a shift towards a more favorable dividend ecosystem [1][4]. Group 1: Dividend Distribution Trends - Nearly 120 SZSE companies have implemented profit distributions since December 2025, with cumulative cash dividends exceeding 375 billion yuan [1]. - In 2025, SZSE companies distributed a total of 5,475.59 billion yuan in cash dividends, marking the second consecutive year of surpassing 5,000 billion yuan [1]. - During the "14th Five-Year Plan" period, the total amount of dividends distributed by SZSE companies exceeded 20 trillion yuan, reflecting a growing trend of companies willing to distribute and frequently pay dividends [1]. Group 2: Company Performance and Profitability - As of January 31, 2026, 1,714 out of 2,866 SZSE companies pre-disclosed their 2025 operating performance, accounting for 59.39% of the total number of companies and 48.48% of market capitalization, with nearly 60% showing improved performance [1]. - The pre-disclosed companies collectively achieved a net profit of 820.09 billion yuan, an increase of 1,556.70 billion yuan year-on-year [1]. - Among the top 100 companies by market capitalization, 40 disclosed their 2025 operating performance, all of which are expected to be profitable, with a combined net profit forecast of 2,056.27 billion yuan, representing a year-on-year growth of 66.51% [1]. Group 3: Notable Companies and Their Dividend Policies - Luxshare Precision announced a cash dividend of 1.6 yuan per 10 shares, totaling approximately 1.165 billion yuan, supported by a revenue increase of 24.69% year-on-year [2]. - Tianshan Aluminum implemented a cash dividend of 1 yuan per 10 shares, totaling about 459 million yuan, with a commitment to a minimum cash dividend of 50% of the net profit attributable to shareholders for 2025 [2]. - Yilian Network, known for its high dividend payout, distributed 5 yuan per 10 shares, totaling 633 million yuan, maintaining a high payout ratio of over 50% of its net profit [3]. Group 4: Regulatory and Market Changes - The new "National Nine Articles" has led to a continuous increase in dividend levels among SZSE companies, with multiple distributions per year becoming the norm, enhancing investor satisfaction and establishing a positive cycle in capital market returns [4].

京信通信(02342)发布公告，本集团预期截至2025年12月31日止年度(本年度)本集团母公司拥有人应占利 润将取得不少于1000万港元，而截至2024年12月31日止年度的本集团母公司拥有人应占亏损则取得约 5.64亿港元。 董事会认为上述转亏为盈的主要原因由于本年度整体收入及毛利增加。同时，本集团积极推动提升整体 效率，实施有效成本及费用控制措施，致使营运费用率下降。展望未来，董事会对全球ICT市场的机遇 和前景信心坚定，并保持谨慎乐观态度。 ...