香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （於中華人民共和國註冊成立之股份有限公司） （股份代號：1772） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B 條 刊 發。 根據中華人民共和國的有關法例規定，江西贛鋒鋰業集團股份有限公司（「本 公 司」）在 深 圳 證 券 交 易 所 網 站（http://www.szse.cn/）刊 發 了 以 下 公 告。茲 載 列 如 下，僅 供 參 閱。 承董事會命 江西贛鋒鋰業集團股份有限公司 董事長 李良彬 中 國‧江 西 二 零 二 五 年 十 月 十 日 於本公告日 期，董事會成員包括本公司執行董事李良彬先 生、王曉申先 生、沈海博先 生、黃婷女士及李承霖先 生；本公司非執行董事羅榮女 士； 以及本公司獨立非執行董事王金本先 生、黃浩鈞先 生、徐一新女士及徐 光華先 生。 证券代码：002460 证券简 ...

Investment Rating - The industry investment rating is "Recommended," indicating a positive outlook for the industry fundamentals and an expectation that the industry index will outperform the benchmark index [22]. Core Insights - The rapid increase in the proportion of renewable energy generation has transformed energy storage from an "optional" to a "mandatory" component. For instance, in the EU, renewable energy accounted for 28.5% of the power consumption structure in 2024, leading to issues such as price volatility and curtailment of wind and solar energy [3][4]. - The structural demand for energy storage has been established, and its economic viability is accelerating. The first half of the year saw numerous domestic energy storage-related listed companies announcing expansion and investment plans, indicating a sustained upward trend in the industry's prosperity [19] [3]. Summary by Sections 1. Importance of Energy Storage in Renewable Energy - The increasing integration of renewable energy sources like wind and solar into the grid has led to significant challenges, including price fluctuations and curtailment issues. Energy storage is essential for providing stability and flexibility in the power system [4][6]. - In the EU, it is estimated that an additional 56GW of energy storage by 2030 could reduce curtailment by approximately 30TWh per year and lower annual system costs by €8 billion, while also reducing CO2 emissions by about 19 million tons [6][3]. 2. Commercialization of Energy Storage in China - The National Energy Administration's recent policies have shifted China's energy generation model towards market-oriented pricing, moving away from fixed prices and subsidies [13]. - Different regions in China are developing unique energy storage market mechanisms. For example, Shandong has established a spot market for energy storage, while Guangdong relies on diverse revenue streams [14][15]. 3. Expansion Plans of Energy Storage Companies - In the first half of the year, several domestic energy storage companies announced expansion and investment plans, including major players like CATL and EVE Energy, which are ramping up production capacities significantly [16][19]. - The overall trend indicates a parallel development of manufacturing expansion, project implementation, and capital investment, with a focus on both domestic and international markets [19][18]. 4. Positive Outlook for the Energy Storage Industry - The energy storage industry is expected to maintain an upward trajectory due to the established structural demand and the accelerating economic viability of storage solutions. The combination of declining equipment prices and increased revenue opportunities is enhancing project returns [19][3].

Core Insights - The top three companies with the highest short positions as of October 3 are COSCO Shipping Holdings (01919), Ganfeng Lithium (01772), and ZTE Corporation (00763), with short ratios of 15.66%, 15.25%, and 15.16% respectively [1][2] - Ganfeng Lithium (01772) saw the largest absolute increase in short positions, rising by 1.20%, followed by Minmetals Resources (01208) with an increase of 0.96%, and Yuexiu Transport Infrastructure (01052) with an increase of 0.76% [1][2] - The companies with the largest decreases in short positions include GCL-Poly Energy (03800), which decreased by 3.16%, followed by Dongfang Electric (01072) with a decrease of 2.03%, and Jinxin Fertility (01951) with a decrease of 0.76% [1][3] Summary of Short Positions - **Top 10 Companies by Short Ratio** - COSCO Shipping Holdings (01919): 15.66% (from 437 million shares to 451 million shares) - Ganfeng Lithium (01772): 15.25% (from 62.30 million shares to 67.64 million shares) - ZTE Corporation (00763): 15.16% (from 113 million shares to 115 million shares) - CATL (03750): 13.83% (from 21.12 million shares to 21.57 million shares) - Vanke (02202): 12.63% (from 268 million shares to 279 million shares) - Ping An Insurance (02318): 12.59% (from 959 million shares to 938 million shares) - Zijin Mining (02899): 12.58% (from 750 million shares to 754 million shares) - MicroPort Medical (00853): 11.10% (from 213 million shares to 212 million shares) - Hansoh Pharmaceutical (01276): 11.01% (from 28.01 million shares to 28.43 million shares) - Fuyao Glass (06865): 10.85% (from 49.22 million shares to 47.94 million shares) [2] - **Top 10 Companies with Increased Short Positions** - Ganfeng Lithium (01772): Increased by 1.20% (from 14.05% to 15.25%) - Minmetals Resources (01208): Increased by 0.96% (from 1.96% to 2.93%) - Yuexiu Transport Infrastructure (01052): Increased by 0.76% (from 1.08% to 1.84%) - Jinli Permanent Magnet (06680): Increased by 0.66% (from 7.76% to 8.42%) - China Civil Aviation Information Network (00696): Increased by 0.58% (from 6.63% to 7.21%) [2] - **Top 10 Companies with Decreased Short Positions** - GCL-Poly Energy (03800): Decreased by 3.16% (from 11.76% to 8.59%) - Dongfang Electric (01072): Decreased by 2.03% (from 6.78% to 4.75%) - Jinxin Fertility (01951): Decreased by 0.76% (from 10.61% to 9.85%) - Yangtze Optical Fibre and Cable (06869): Decreased by 0.75% (from 7.03% to 6.28%) - Shanghai Electric (02727): Decreased by 0.72% (from 2.25% to 1.52%) [3][4]

证券代码：002460 证券简称：赣锋锂业 编号：临 2025-116 关于召开 2025 年第三次临时股东大会的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）于2025 年8月22日召开了第六届董事会第五次会议，决议于2025年10月14日 召开公司2025年第三次临时股东大会，现将本次股东大会的有关事项 提示公告如下： 一、召开会议的基本情况 1、股东大会届次：2025年第三次临时股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：本次股东大会的召集、召开程序 符合有关法律、行政法规、部门规章、规范性文件和公司章程等的规 定。 4、现场会议召开时间：2025年10月14日(星期二) 14:00 网络投票时间：公司A股股东通过深圳证券交易所交易系统进行 网络投票的具体时间为2025年10月14日(星期二)上午9:15—9:25，9:30 —11:30，下午13:00—15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为2025年10月14日(星期二)上午9:15至2025 ...

Core Viewpoint - The Hong Kong stock market is experiencing a decline in the non-ferrous metal sector, with significant drops in share prices of various companies [1] Company Summaries - Ganfeng Lithium (01772.HK) has seen a decrease of 10.44%, currently trading at 45.72 HKD [1] - China Nonferrous Mining (01258.HK) has dropped by 9.72%, with shares priced at 14.77 HKD [1] - Shandong Gold (01787.HK) is down 7.18%, trading at 39.04 HKD [1] - Luoyang Molybdenum (03993.HK) has fallen by 6.66%, currently at 16.4 HKD [1] - Jiangxi Copper (00358.HK) has decreased by 4.36%, with shares at 36.42 HKD [1]

Group 1 - The core viewpoint of the article highlights a significant decline in the prices of non-ferrous metal stocks, with notable drops in companies such as Ganfeng Lithium, China Nonferrous Mining, and Shandong Gold [1][1][1] - The US dollar index has been rebounding continuously, surpassing the 99 mark, driven by a temporary risk aversion due to the US government shutdown [1][1][1] - International gold prices have sharply declined, with spot gold falling below $3960 per ounce, influenced by the rising dollar index and easing geopolitical tensions in the Middle East [1][1][1] Group 2 - Citic Futures indicates that while there may be short-term price surges in basic metals due to supply disruptions and speculative trading, there is a risk of price corrections if no further macroeconomic positive factors emerge [1][1][1] - Long-term expectations for domestic stimulus policies and ongoing supply disruptions in copper, aluminum, and tin suggest a tightening supply-demand dynamic, which could further elevate basic metal prices [1][1][1]

Group 1 - The core viewpoint of the article highlights a significant decline in non-ferrous metal stocks, with notable drops in companies such as Ganfeng Lithium, China Nonferrous Mining, and Shandong Gold [1] - The US dollar index has been rebounding continuously, surpassing the 99 mark, driven by a temporary risk aversion due to the potential government shutdown in the US [1] - International gold prices have sharply declined, with spot gold falling below $3960 per ounce, influenced by the strengthening dollar and easing geopolitical tensions in the Middle East [1] Group 2 - Citic Futures indicates that while copper prices are currently leading gains among base metals, there is a need for caution regarding potential pullbacks if no further macroeconomic positive factors emerge [1] - There are expectations of tighter supply and demand dynamics for copper, aluminum, and tin, which may lead to increased prices for base metals in the long term due to ongoing supply disruptions [1]

Core Viewpoint - Ganfeng Lithium's trading volume reached 8.468 billion yuan, marking the highest level since July 7, 2022, despite a recent stock price decline of 3.37% [1] Trading Performance - The latest trading volume for Ganfeng Lithium was 8.468 billion yuan, which is a slight increase from the previous trading day's volume of 8.466 billion yuan [1] - The stock's turnover rate was reported at 10.60% [1]

Core Viewpoint - Lithium stocks have collectively declined, with significant drops observed in major companies such as Ganfeng Lithium, Tianqi Lithium, and CATL, indicating a bearish sentiment in the lithium market due to supply-demand dynamics [1] Industry Summary - Recent market conditions show intense competition between lithium supply and demand, with a notable increase in lithium carbonate production, surpassing 20,000 tons per week, reaching historical highs [1] - The production of spodumene lithium has approached 13,000 tons, compensating for previous production losses from Qinghai salt lake and Jiangxia mine shutdowns [1] - Compared to 2024, the current weekly production has increased by 7,796 tons, reflecting a 61.29% rise from last year's average [1] Company Summary - Ganfeng Lithium (01772) has seen a decline of 7.7%, trading at HKD 47.12, while Tianqi Lithium (09696) dropped 6.83% to HKD 45.28, and CATL (03750) fell 6.24% to HKD 548.5, indicating a negative market reaction [1] - The structural change in inventory, with upstream destocking and downstream proactive restocking, suggests a positive growth in actual demand [1] - The upcoming resumption of production at Jiangxia mine is expected to increase supply pressure, with supply growth anticipated to outpace demand growth in the fourth quarter, leading to continued downward pressure on lithium carbonate prices [1]

Core Viewpoint - Lithium stocks have collectively declined, with significant drops observed in major companies such as Ganfeng Lithium, Tianqi Lithium, and CATL, amid intense supply-demand dynamics in the lithium market [1] Industry Summary - Recent market conditions indicate a fierce competition between lithium supply and demand, with a notable increase in lithium carbonate production, surpassing 20,000 tons per week, reaching historical highs [1] - The production of spodumene lithium has approached 13,000 tons, compensating for previous production losses from Qinghai salt lakes and other sources [1] - Compared to 2024, the current weekly production has increased by 7,796 tons, representing a 61.29% rise from last year's average [1] Company Summary - Major lithium companies such as Ganfeng Lithium (down 7.7% to HKD 47.12), Tianqi Lithium (down 6.83% to HKD 45.28), and CATL (down 6.24% to HKD 548.5) have experienced significant stock price declines [1] - The structural change in inventory, with upstream destocking and downstream proactive restocking, reflects a positive growth in actual demand [1] - The upcoming resumption of production at the Jiangxia mine is expected to increase supply pressure, with supply growth anticipated to outpace demand growth in the fourth quarter, leading to continued downward pressure on lithium carbonate prices, projected to fluctuate around RMB 70,000 to 75,000 per ton [1]