1. *ST Lifang has completed its verification regarding stock price fluctuations and will resume trading starting tomorrow. The company announced on February 10 that during the trading suspension period, it conducted checks on matters related to the stock price volatility. As the self-inspection has been concluded, and following relevant regulations, the company's shares will resume trading on February 11, 2026. Currently, there are no significant changes in the company's fundamentals. However, recent stock prices have deviated substantially from fundamental values, indicating potential market overheating and irrational speculation risks. There is a risk of rapid short-term price declines, and investors should exercise caution and be aware of investment risks.
2. CITIC Securities announced on February 10 that its controlled subsidiary, China Asset Management, reported revenue of 9.626 billion yuan and a net profit of 2.396 billion yuan for 2025, with total comprehensive income of 2.368 billion yuan. The parent company's assets under management amounted to 3,014.484 billion yuan. These figures are preliminary and subject to finalization in the 2025 annual report.
3. Yangtze Optical Fibre and Cable stated on February 10 that its stock experienced abnormal price movements, with cumulative gains exceeding 20% over three consecutive trading days from February 6 to February 10, 2026. The company noted increased market attention on demand for new fiber optic products related to computing data centers, business progress of overseas peers, price fluctuations in the telecom fiber market, and CPO (co-packaged optics) business. Currently, the volume of fiber optic products used for internal data center connections represents a small proportion of global market demand, while overall demand from domestic and international customers for telecom fiber products remains stable.
4. Minglida announced on February 10 the termination of its investment in the Zhaoqing New Energy Key Components Intelligent Manufacturing Project. Due to factors including heightened global economic uncertainty and financial market volatility in 2024 and 2025, and based on a reassessment of market conditions and strategic adjustments, the company decided to terminate the project to better integrate existing resources, optimize allocation, and reduce investment risks. The decision was made following negotiations between its subsidiary, Zhaoqing Minglida, and the Zhaoqing High-tech Zone Management Committee, with both parties agreeing to cancel the investment contracts for the first and second phases of the project.
5. Baichuan Co., Ltd., which saw its stock limit up for three consecutive days, announced on February 10 that its share price had risen by over 20% in three trading days, indicating abnormal trading activity. Recent market supply and demand dynamics have led to price increases for some of its main products. However, due to uncertainties regarding the sustainability of these price fluctuations, the impact on the company's performance cannot be estimated at this time. Investors are advised to invest rationally and be mindful of risks.
6. SMIC reported a net profit of 1.223 billion yuan for the fourth quarter of 2025, representing a year-on-year increase of 23.2%. Total operating revenue for the quarter was 17.813 billion yuan, up 11.9% compared to the same period last year. However, total profit for the quarter was 1.602 billion yuan, down 41.5% year-on-year.
7. Runtu Co., Ltd. announced on February 10 that its stock experienced abnormal price movements, with cumulative gains exceeding 20% over three consecutive trading days. Disperse dyes are one of the company's main products, and reducers are an important intermediate for these dyes. Recent price increases for reducers have led to several minor upward adjustments in the market quotes for the company's disperse dyes, which are expected to positively impact its 2026 performance. However, due to uncertainties in the sustainability of price fluctuations, the exact impact on performance cannot be determined at this time. Investors are advised to exercise caution.
8. China Tungsten and High-tech announced on February 10 plans to invest 145 million yuan in a new project to produce an additional 30 million PCB drill rods annually. The board approved the proposal by Zhuzhou Cemented Carbide Group Co., Ltd. to implement the project, which has a construction period of 12 months. The move aims to expand market share, secure raw material supply for PCB tools, and strengthen the company's leading position in the PCB tool industry chain. Additionally, the board approved changes to the original fundraising project "Production Line for 100 Billion Meters of Tungsten Wire for Photovoltaics," with remaining funds of 580 million yuan reallocated to new projects including the expansion of hard-facing material production lines and the construction of a numerical control blade base production facility.
9. Dawei Technology, which saw its stock limit up for two consecutive days, announced on February 10 that its share price had risen by over 20% in three trading days, indicating abnormal trading activity. The company clarified that its Zhangbei Data Center Project, the first phase of which was completed and delivered in October 2025, does not involve computing power leasing services. While the company has provided leasing services to over ten clients since 2024 using self-procured and leased servers and chips, revenue from these activities accounted for only 3.59% of total revenue in the first three quarters, with a minimal impact on performance. The Zhangbei project primarily offers customized standard机房 environments, available racks, and supporting facilities, aligning with its existing business model.
10. Topstrong Collection issued a volatility announcement on February 10, stating that its 5.8018% equity investment in Hubei Hangju Technology Co., Ltd. is a financial investment and will not significantly impact operational performance. The company reminded investors to be cautious and make rational investment decisions.
11. Conveyor Machinery Group announced on February 10 that its wholly-owned subsidiary, Conveyor Machinery International, signed an EPC turnkey contract worth approximately 1.331 billion yuan (excluding tax) with Western International Holding Zimbabwe Building Materials Investment Co., Ltd. The contract, for a 3,500 t/d clinker cement production line and related projects, represents about 86.66% of the company's audited revenue for 2024.
12. Hengdian Entertainment issued a severe abnormal fluctuation announcement on February 10, as its stock price rose by 100% over ten consecutive trading days from January 28 to February 10, 2026. The company warned that it may apply for a trading suspension if the price continues to rise abnormally. Currently, the company has invested in three Spring Festival films, but its investment proportion is low, and box office performance remains uncertain. Its AI short drama business is still in the investment and production phase, with no revenue generated yet, and market acceptance and profitability models are uncertain.
13. Jiamei Packaging announced on February 10 that its stock price has risen by 567.11% between December 17, 2025, and February 10, 2026, with multiple instances of abnormal trading volatility. The company has already undergone two trading suspensions for verification in January 2026. If the stock price continues to rise abnormally, the company may apply for another suspension. According to regulatory updates, the stock has recently been under heightened exchange monitoring. Investors are advised to invest rationally.
**Performance Previews/Reports:** 1. Daqin Railway: January freight volume on the Daqin Line was 31.28 million tons, up 5.00% year-on-year. 2. Chow Tai Seng: Added three self-operated stores in January. 3. Keming Food: Controlled subsidiary sold 72,500 live pigs in January 2026. 4. Ankai Automobile: January production reached 761 vehicles, up 35.65% year-on-year. 5. Changyuan Electric Power: January power generation was 3.971 billion kWh, up 37.81% year-on-year. 6. Huatong Shares: January live pig sales revenue decreased by 1.45% year-on-year. 7. Sunner Development: January sales revenue reached 2.021 billion yuan, up 40.48% year-on-year. 8. Gemdale Group: January contracted sales amounted to 1.22 billion yuan, down 45.78% year-on-year.
**Share Buybacks & Changes in Holdings:** 1. XCMG Machinery: Completed the cancellation of 4.3567 million repurchased shares. 2. Kingnet Network: Conducted its first share buyback, acquiring 0.10% of equity for 49.9797 million yuan. 3. Impulse Health: Controlling shareholder Jiangheng Industrial increased its holding by 1.88%. 4. Hunan Silver Co.,Ltd.: Chenzhou State-owned Assets Control reduced its holding by 28.23 million shares, representing 1% of total equity. 5. Huayi Group: Executive Gu Chunlin plans to reduce holdings by no more than 0.006%. 6. Liwang Co., Ltd.: Zou Binzhuang reduced holdings by a cumulative 387,400 shares. 7. Hengdian Dongci: Hengdian Holdings reduced its holding by 0.59%. 8. Hanwei Technology: Shareholder Hanxi Investment plans to reduce holdings by no more than 1.8639%. 9. Wanlang Magnetic: Controlling shareholder Shi Ganzhong and concerted parties reduced holdings by 3%.
**Major Contracts:** 1. Jinguan Electric: Won a contract with China Southern Power Grid for line arrester products worth approximately 28.8691 million yuan. 2. TSP Wind Energy: Secured or won offshore engineering orders totaling about 870 million yuan. 3. Shanghai Airport: Signed a 585 million yuan lease contract for the north passenger overnight accommodation facility at Pudong Airport T3 terminal with the airport group. 4. China Railway Construction: Recently won major projects totaling 45.142 billion yuan. 5. Senyuan Electric: Pre-qualified for a China Southern Power Grid project with materials valued at 272 million yuan. 6. Kungang Technology: Signed the third and fourth supplementary agreements to the aluminum-based lead-carbon battery procurement contract. 7. Samsung Medical: Subsidiary Aux Smart Technology pre-qualified for a China Southern Power Grid project with a bid amount of approximately 321 million yuan.
**Other Announcements:** 1. Xingfa Group: Wholly-owned subsidiary obtained a phosphate mining right certificate and mining license. 2. Lifang Pharmaceutical: Received acceptance notice for an active pharmaceutical ingredient marketing application. 3. Harbin Pharmaceutical Group: Subsidiary's drug passed generic drug consistency evaluation. 4. XuanTai Pharmaceutical: Company's ursodeoxycholic acid capsules were selected for national drug procurement renewal.
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