European Commission President Ursula von der Leyen: We are developing a plan to support Arctic security.

Key News 1. IMF raises China's economic growth forecast. 2. Economic Daily: Don't let speculative hype distort commercial aerospace. 3. Zhejiang Securities Regulatory Bureau of the China Securities Regulatory Commission: Jin Yongrong manipulated the securities market; a 3-year securities market ban has been imposed on him. Individual Stock News 1. Hualing Cable: Terminated the acquisition of control of Xingxin Aerospace; the target company provides supporting products for Shenzhou series spacecraft, Chang'e series probes, and various launch vehicles. 2. China Tourism Group Duty Free: Its wholly-owned subsidiary plans to acquire DFS equity and issue new H shares. 3. Yidian Tianxia: Trading suspended for investigation completed; stock will resume trading on the 20th. 4. Jiangbolong: The negotiated transfer price is 212.09 yuan/share, a 36.92% discount to the closing price. 5. Dingtong Technology: Net profit in 2025 is expected to increase by 120% year-on-year; high-speed communication products and communication business have seen significant growth. 6. Hunan Yuneng: 2025 net profit is expected to increase by 93.75%-135.87% year-on-year. 7. Shuijingfang: 2025 net profit is expected to decrease by 71% year-on-year; Q4 results significantly lower than expected. 8. Trina Solar: 2025 net profit is expected to be a loss of 6.5 billion to 7.5 billion yuan. 9. Tianjian Technology: 2025 net profit is expected to decrease by 1657.73%~1196.06% year-on-year; the company's stock may be subject to delisting risk warning. 10. Chengdu Huawi: 2025 net profit is expected to increase by 74%-109% year-on-year; Q4 net profit is expected to increase by 458%-614% quarter-on-quarter. 11. Yingfang Micro: Plans to acquire 100% of Shanghai Shockley and Fujide China, which is expected to constitute a major asset restructuring; stock will resume trading on the 20th.

Total Energy: The average natural gas price in the fourth quarter was $5.11 per million British thermal units (MMBtu), compared with $6.26 per MMBtu in the same period last year.