Market Overview - The Shanghai Composite Index rose by 0.08% to close at 4116.94 points, with a daily high of 4135.96 points [1] - The Shenzhen Component Index increased by 0.7% to close at 14255.12 points, reaching a peak of 14320.94 points [1] - The ChiNext Index gained 0.54%, closing at 3295.52 points, with a maximum of 3329.5 points [1] Margin Trading and Securities Lending - The total margin trading and securities lending balance in the Shanghai and Shenzhen markets reached 27119.75 billion yuan, with a financing balance of 26945.23 billion yuan and a securities lending balance of 174.52 billion yuan [2] - This represents an increase of 115.92 billion yuan compared to the previous trading day [2] - The Shanghai market's margin trading balance was 13746.08 billion yuan, up by 101.13 billion yuan, while the Shenzhen market's balance was 13373.67 billion yuan, increasing by 14.8 billion yuan [2] Fund Issuance - Seven new funds were launched yesterday, including: - E Fund Hong Kong Stock Connect Consumer Mixed A - E Fund Hong Kong Stock Connect Consumer Mixed C - Huitianfu Gain Return Bond A - Huaxia CSI 500 Free Cash Flow ETF Link C - Huitianfu Gain Return Bond C - Huaxia CSI 500 Free Cash Flow ETF Link A - E Fund Shanghai Composite ETF [4] Top Net Purchases on the Dragon and Tiger List - The top 10 net purchases on the Dragon and Tiger list included: - Zhongtung High-tech with a net purchase of 57664.7 million yuan - Longxin Technology with 26946.73 million yuan - Dazhu CNC with 25319.57 million yuan - Zhongrong Electric with 21762.39 million yuan - Tongfu Microelectronics with 20382.62 million yuan [6]

Core Viewpoint - The company held its first extraordinary board meeting of 2026, where several key resolutions were passed, including adjustments to board committee members, providing guarantees for its subsidiary in India, and plans for a bond issuance of up to 5 billion RMB [1][5][22]. Group 1: Board Resolutions - The board approved the adjustment of members in the 11th Board's specialized committees due to the resignation of a director [2][3]. - The strategic and sustainable development committee and the nomination committee saw changes in their member composition, with the addition of a new member [2]. - The board unanimously approved the proposal to provide guarantees for the subsidiary, TBEA Energy (India) Co., Ltd., to secure bank credit [5][16]. Group 2: Guarantee for Subsidiary - The company will provide guarantees for TBEA Energy (India) to secure a total of $4 million (2 million from Deutsche Bank and 2 million from HSBC) and an additional 1 billion Indian Rupees (approximately 79.2 million RMB) from DBS Bank [8][9]. - The guarantee is aimed at supporting the subsidiary's operational needs and expanding its financing channels [15][16]. - The subsidiary has a debt ratio exceeding 70%, and the guarantee proposal will be submitted for shareholder approval [9][17]. Group 3: Bond Issuance - The company plans to issue bonds with a total scale of up to 5 billion RMB to optimize its financing structure and reduce costs [22]. - The bond issuance will include a maximum of 2 billion RMB in short-term bonds, with a maturity of up to 10 years [23][24]. - The funds raised will be used for operational needs, debt repayment, and project support [25][28]. Group 4: Shareholder Meeting - The company will hold its first extraordinary shareholder meeting on February 6, 2026, to discuss the resolutions passed by the board [35][37]. - The meeting will allow both onsite and online voting, ensuring broader participation from shareholders [38][39]. - All resolutions passed by the board will be presented for shareholder approval, with no special resolutions required [41].

证券日报网讯1月21日，特变电工（600089）在互动平台回答投资者提问时表示，2025年1月-6月，公司 黄金业务实现收入7.66亿元，毛利率54.76%。 ...

Core Viewpoint - TBEA Co., Ltd. (stock code: 600089) reported a stock price increase of 24.80% from January 1 to January 16, 2026, significantly outperforming the Shanghai Composite Index, which rose by only 3.35% during the same period [1]. Summary by Category - **Company Performance** - TBEA's stock price increased by 24.80% in the first half of January 2026 [1]. - **Market Comparison** - The Shanghai Composite Index experienced a growth of 3.35% in the same timeframe [1].

证券日报网讯1月21日，特变电工（600089）发布公告称，截至2025年11月30日，公司及控股子公司对 外担保余额为990646.26万元、担保总额为2165845.13万元，分别占公司2024年12月31日经审计的归属于 上市公司股东净资产的14.69%、32.12%；公司对控股子公司提供的担保余额为816538.67万元、担保总 额为1730255.19万元，分别占公司2024年12月31日经审计的归属于上市公司股东净资产的12.11%、 25.66%。增加对印度公司的担保后，公司及控股子公司对外担保余额为1026886.46万元、担保总额为 2202085.33万元，分别占公司2024年12月31日归属于上市公司股东净资产的15.23%、32.65%。(本公告 中外币均按2025年11月28日汇率：1美元=7.0789元人民币，1印度卢比=0.0792元人民币，1欧元=8.2078 元人民币，1巴西里亚尔=1.2322元人民币，1巴林第纳尔=18.7693元人民币，1西非法郎=0.0126元人民币 折算)。公司不存在对控股股东和实际控制人及其关联人担保的情形。截至本公告披露日，公司不存在 逾期对外担 ...

证券日报网讯 1月21日，特变电工在互动平台回答投资者提问时表示，公司将根据市场需求及公司目前 产能情况，审慎评估，有必要时提升产能。公司目前不具备生产海底电缆的能力，如有重大投资，公司 将履行信息披露义务，请关注公司公告。目前，海外市场需求旺盛，公司将继续发挥技术、品牌及国际 化布局优势，积极把握全球能源转型带来的市场机遇。 （编辑 丛可心） ...

证券日报网讯1月21日，特变电工（600089）在互动平台回答投资者提问时表示，公司无白银收入。 2025年1月-6月，公司黄金业务实现收入7.66亿元，毛利率54.76%，黄金产品收入情况将持续在年报、 半年度报告"第三节管理层讨论与分析四、报告期内主要经营情况3.主营业务分产品、分地区、分销售 模式情况"中披露。 ...

Group 1 - The company TBEA (600089) produces approximately 2.5 to 3 tons of gold annually in terms of gold metal content [1] - The company has mining resources related to its main business, including coal mines and quartz mines [1]

证券日报网讯1月21日，特变电工（600089）在互动平台回答投资者提问时表示，2025年度业绩情况请 关注公司定期报告。 ...

证券日报网讯1月21日，特变电工（600089）在互动平台回答投资者提问时表示，公司积极关注核聚变 所需电力设备的科技研发，为相关市场需求做好技术储备。 ...