【Major Events】 China Life Insurance (02628) plans to establish a partnership with its subsidiary, China Life Qiyuan, focusing on investments in the elderly care industry. China Life Insurance (02628) intends to contribute 4 billion yuan to establish a partnership, targeting new opportunities in "technological innovation and industrial upgrading" led by artificial intelligence in the Yangtze River Delta region. Zijin Mining Group (02899) announced that the second-phase project of the Julong Copper Mine has been officially completed and put into operation, making it set to become China's largest copper mine. Jiujiang Bank (06190) disclosed that the Jiujiang Municipal Finance Bureau intends to subscribe for up to 500 million yuan of domestic shares. Insilico Medicine (03696) announced that the Investigational New Drug application for its AI-driven NLRP3 inhibitor, ISM8969, has been approved by the FDA, showing potential to be "best-in-class." Unisound (09678) signed a cooperation agreement with the People's Government of Guangxi to jointly build the China-ASEAN Artificial Intelligence Application Cooperation Center. Minieye (02431) secured new project nominations for its intelligent driving solutions.

【Financial Data】 China Merchants Bank (03968) released its 2025 performance forecast, reporting a net profit of 150.181 billion yuan, a year-on-year increase of 1.21%. Everbright Securities (06178) reported a 2025 net profit attributable to parent company shareholders of 3.729 billion yuan, surging 21.92% year-on-year. Metallurgical Corporation of China (01618) stated that the value of new contracts signed in the fourth quarter was 352.93 billion yuan, a decrease of 1.0% compared to the previous year. Shanghai Fudan Microelectronics Group (01385) expects its 2025 operating revenue to be approximately 3.93 billion to 4.03 billion yuan, representing an increase of about 9.46% to 12.25% year-on-year. Metallurgical Corporation of China (01618) issued its 2025 annual performance forecast, anticipating net profit to drop to between 1.3 billion and 1.6 billion yuan, a significant decrease of 76.28% to 80.73% year-on-year. Ark Health (06086) issued a profit alert, expecting its annual results to turn a profit compared to a loss in the previous year. Yuexiu Property (00123) achieved a net inflow of over 10 billion yuan in operating cash flow for 2025, maintaining its "green" status under the "three red lines" policy. Red Star Macalline Group (01528) issued a profit warning, estimating a net loss attributable to shareholders of approximately 15.36 billion to 22.86 billion yuan for the 2025 fiscal year. Beijing Energy International (00686) reported total electricity generation for 2025 reaching approximately 25.4127 million megawatt-hours, a growth of 30.86% year-on-year. Huadian Power International (01071) completed cumulative power generation of 262 million megawatt-hours for the full year of 2025, a decrease of approximately 6.99% compared to the prior year. Xtep International (01368) announced that retail sales for its core Xtep brand achieved a low single-digit percentage year-on-year growth in 2025.