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Zhongheng Group announced that the projected operating revenue for 2025 is 1.75B yuan, a decrease of 16.92% year-on-year; net profit is a loss of 357 million yuan. The company plans to repurchase 118 million shares, with a repurchase amount of 301 million yuan, and will not distribute cash dividends or bonus shares for 2025.

FTSE China A50 Index Futures decline extended to 1%.

Microsoft considers taking legal action over Amazon and OpenAI's $50 billion cloud deal. (Cailian Press)

The International Energy Agency has lowered its forecast for oil supply growth, expecting an increase of 1.1 million barrels per day this year due to disruptions caused by the Middle East conflict affecting the flow through the Strait of Hormuz. Oil supply in March is expected to drop to 98.8 million barrels per day, the lowest level.

Chunli Medical announced that in 2025, its operating revenue will be 1.05B yuan, a year-on-year increase of 29.77%. Net profit will be 273 million yuan, a year-on-year increase of 118.05%. The company plans to distribute a cash dividend of 1.5 yuan (including tax) for every 10 shares to all shareholders, with a total cash dividend of 57.3287 million yuan (including tax).

Fengtiao Technology announced that in 2025, its operating revenue will reach 774 million yuan, a year-on-year increase of 28.91%. Net profit is expected to be 219 million yuan, a decrease of 1.54% year-on-year. The company plans to distribute a cash dividend of 7.8 yuan (tax included) for every 10 shares, with an estimated total cash dividend of 89.79M yuan (tax included).

As of now, the ETF market trading volume has exceeded 300 billion yuan, specifically 301B yuan, with trading volumes of 96.02 billion yuan, 129.54B yuan, 17.07B yuan, and 7.32B yuan for equity, bond, money market, and commodity ETFs respectively. The non-money market ETFs with the highest trading volumes are Huaxia CSI A500, Huatai-PineBridge CSI A500, and Southern CSI A500.

The overall operating performance of the securities industry in 2025 has been released. According to the latest disclosure from the China Securities Industry Association, based on statistical results and related unaudited financial statements, 150 securities firms generated operating revenue of 541.71 billion yuan and net profit of 219.439 billion yuan in 2025. The total assets of these 150 firms were 14.83 trillion yuan, net assets were 3.34 trillion yuan, and net capital was 2.44 trillion yuan. Of these, net income from agency securities trading business (including trading unit seat leasing) was 163.796 billion yuan; net income from securities underwriting and sponsorship business was 33.711 billion yuan; net income from financial advisory business was 5.784 billion yuan; net income from investment consulting business was 7.694 billion yuan; net income from asset management business was 23.887 billion yuan; net interest income was 64.687 billion yuan; and securities investment income (including fair value changes) was 185.324 billion yuan, which is the business contributing the most to revenue. The operating data of securities firms in 2025 compared with 2024

Aonong Biological announces that in February 2026, pig sales reached 148k head, a year-on-year increase of 52.10%, and a decrease of 11.12% compared to January 2026; the pig inventory was 778.9k head, a year-on-year increase of 51.74%, an increase of 2.67% compared to the end of January 2026, and an increase of 4.78% compared to the end of December 2025.

According to HKEX documents: Shanghai Xizhi Technology Co., Ltd. - P submitted an application for listing to HKEX.

The list of UN Secretary-General candidates has been updated, adding former Senegalese President Macky Sall and former Costa Rican Vice President Rebeca Grynspan. Currently, there are four candidates competing, with two of them having significant achievements in their respective countries' political and economic fields.

Federal Reserve Chairman Powell: Tends to overlook supply shocks but must pay attention to inflation expectations.

Earth Bear Announcement: In 2025, operating revenue is 1.65B yuan, a year-on-year increase of 24.73%. Net profit is 57.4044 million yuan, a year-on-year increase of 80.10%. The company plans to distribute a cash dividend of 0.22 yuan per share (including tax) to all shareholders, with no bonus shares and no capital reserve transfer to increase share capital.

Xpeng Huitian Land-based Aircraft recently completed mass production and multiple test flights, marking the commercialization of low-altitude travel products. The Guangzhou Haixinsha Full-Space Intelligent Experience Center has also been launched simultaneously to promote the development of the low-altitude economy. The factory can produce one aircraft every 30 minutes.

Federal Reserve Chairman Powell: Inflation expectations still seem to be solid.

The main contract for low-sulfur fuel oil at the Shanghai Futures Exchange dropped over 4%, closing at 5,164 yuan per ton.

Aerospace Intelligent Equipment Announcement: In 2025, operating revenue was 1.114 billion yuan, a year-on-year decrease of 16.11%. In 2025, the net loss was 180 million yuan; in the same period last year, the net profit was 71.1865 million yuan. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve funds into share capital.

TrendForce predicts that global laptop shipments will decline by 9.2% in 2026. Against this backdrop, Apple has launched the entry-level laptop MacBook Neo, starting at $599, targeting the education market. This product is expected to grow by 7.7% annually, helping to increase macOS market share to 13.2%. Apple is strengthening supply chain control through self-developed chips and standardized design, challenging the Windows camp and expanding its software service revenue.