The Bank of France projects an inflation rate of 1.7% for 2027 under a grim scenario.

Key News 1. The General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on accelerating the establishment of a long-term care insurance system, with the long-term care insurance premium rate uniformly controlled at around 0.3%. Individual Stock News 1. COSCO Shipping resumes bookings with Gulf countries; ships will not pass through the Strait of Hormuz for the time being. 2. Hengrui Medicine: Net profit of RMB 7.711 billion in 2025, a year-on-year increase of 21.69%. 3. China Life: Net profit of RMB 154.078 billion in 2025, a year-on-year increase of 44.1%. 4. Jiahe Foods: Signed a framework agreement for industrial project development, with a total investment of approximately RMB 1 billion. 5. Pop Mart's core OEM for small household appliances is Xinbao Co., Ltd., which has started large-scale inventory preparation. 6. *ST Yidao: If the audited net profit for 2025 is negative and operating revenue is less than RMB 300 million, the company's stock may be delisted. 7. Chairman of Sany Heavy Industry: Overseas orders for electric heavy trucks have increased by more than 50% this year. 8. Jinli Permanent Magnet: Net profit of 706 million yuan in 2025, a year-on-year increase of 142.44%. 9. China Eastern Airlines: Plans to purchase 101 A320NEO series aircraft from Airbus. 10. Huagong Tech: Net profit of 1.471 billion yuan in 2025, a year-on-year increase of 20.48%. 11. Chifeng Gold: Li Jinyang and his concerted parties plan to transfer 12.73% of the company's shares through an agreement. 12. Yingtang Intelligent Control: Clarifies false rumors; M&A projects are progressing normally. 13. Sunway Communication: Sunway Electronics has achieved breakthroughs in key component numbers and domestic substitution; some products are being verified by major North American customers. 14. Fulim Transportation: Controlling shareholder Yongfeng Group plans to transfer company shares, resulting in a change of control. 15. Xintian Green Energy: Net profit of 1.826 billion yuan in 2025, a year-on-year increase of 9.21%.

MEITUAN Q4 REVENUE RMB 92,096.4 MILLION MEITUAN - QTRLY NON-IFRS ADJUSTED NET LOSS RMB15.08 BLN