Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Viewpoints - Demand is expected to gradually bottom out, while supply-side adjustments are beginning to show, indicating that the steel industry is slowly emerging from its low point [3]. - The report anticipates that if supply policies are implemented, the speed of supply contraction will accelerate, leading to a quicker recovery in the industry [3]. - The profitability of steel companies has improved, with the average gross profit per ton of rebar rising to 330.1 CNY/ton, an increase of 131.5 CNY/ton [36]. Summary by Sections Steel Market Overview - Last week, the apparent consumption of five major steel products was 8.6813 million tons, a decrease of 1.98 million tons week-on-week [24]. - The total inventory of steel was 13.365 million tons, down 1.16 million tons week-on-week, maintaining the lowest level for the same period in recent years [5]. - The operating rate of blast furnaces among 247 steel mills was 83.46%, unchanged from the previous week [32]. Raw Materials - The spot price of iron ore increased by 4 CNY/ton to 779 CNY/ton, a rise of 0.52% [48]. - The total inventory of iron ore at ports rose to 137.9038 million tons, a slight increase of 0.04% [49]. - The average available days of imported iron ore for 64 domestic steel companies increased to 21 days, up by 1 day from the previous week [49]. Profitability and Production - The average gross profit for hot-rolled coils rose to 244.1 CNY/ton, an increase of 113.5 CNY/ton [36]. - The profitability rate of 247 steel companies was 63.64%, up 3.47% from the previous week [32]. - The total steel production last week was 8.6697 million tons, a decrease of 1.22 million tons week-on-week [33]. Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost firms like Fangda Special Steel and New Steel [5].

Group 1 - The core viewpoint highlights the strong growth of the automotive export industry in Ordos, driven by the development of logistics channels and supportive government policies [1][2] - Ordos has positioned itself as a logistics hub for automotive exports, facilitating connections with the China-Europe Railway Express and benefiting from tax refund policies [1][2] - The automotive industry in Ordos is undergoing transformation, attracting well-known companies and supporting industries such as electric motors and batteries [1] Group 2 - In the first half of the year, Ordos's automotive exports reached 598 million yuan, marking a year-on-year increase of 20.5%, with exports to Belt and Road countries growing by 61.96% [2] - The customs authority has implemented convenient measures such as appointment customs clearance, which has significantly improved the efficiency of the export process [2] - The customs has helped automotive exporters enjoy a tax reduction of approximately 21.47 million yuan in the first half of the year [2] Group 3 - The second-hand car export sector has also shown remarkable performance, with a total export value of 176 million yuan, accounting for 29.4% of the city's total automotive exports [3] - A notable achievement includes the delivery of a high-end customized vehicle to a client in the UAE, setting a new record for the export price of domestic luxury cars [3] - Policies have been introduced to support the growth of second-hand car exports, including logistics subsidies and market development initiatives [3]

Core Viewpoint - The National Energy Group has implemented comprehensive measures to ensure coal supply and safety during severe rainfall in Inner Mongolia from July 23 to 27, 2023, demonstrating proactive disaster response and operational resilience [1][2][3] Group 1: Emergency Response and Safety Measures - The National Energy Group activated emergency plans across its coal production enterprises in the Ordos region to minimize the impact of heavy rainfall on coal mining and ensure supply during peak summer demand [1] - The Shenhua Group strictly followed the "three defenses" warning and response mechanism during the rainy season, employing a combination of human and machine patrols to monitor critical areas and risks continuously [2] - The company mobilized 3,192 personnel and 130 large machines for emergency repairs, ensuring rapid response to any incidents and maintaining communication with meteorological departments for accurate rainfall trend assessments [2] Group 2: Production and Supply Stability - As of July 26, the Group's subsidiary, Quanneng Group, produced 35.992 million tons of commercial coal year-to-date, with a daily average output exceeding 200,000 tons in July, surpassing the monthly plan by 14,000 tons [1] - The company has been actively adjusting marketing strategies and stabilizing supplier shipping plans to ensure coal transportation remains unaffected during the flood prevention period, achieving an average daily coal transportation of over 1 million tons in July [3] - The Baoshen Railway Group utilized intelligent monitoring technology to conduct over 600 video inspections of flood-prone areas, ensuring the safety and stability of equipment operations during the rainy season [3]

Market Overview - The steel raw materials sector increased by 0.68% on July 29, with Ordos leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Individual Stock Performance - Ordos (600295) closed at 10.30, up 3.83% with a trading volume of 294,300 shares and a turnover of 301 million yuan [1] - Hebei Steel Resources (000923) closed at 14.50, up 0.97% with a trading volume of 91,000 shares and a turnover of 131 million yuan [1] - Fangda Carbon (600516) closed at 4.94, up 0.82% with a trading volume of 256,500 shares and a turnover of 126 million yuan [1] - Guangdong Mingzhu (600382) closed at 5.50, up 0.73% with a trading volume of 75,400 shares and a turnover of 41.07 million yuan [1] - Hainan Mining (696109) closed at 8.21, up 0.24% with a trading volume of 365,500 shares and a turnover of 301 million yuan [1] - Jinling Mining (000655) closed at 8.43, unchanged with a trading volume of 152,000 shares and a turnover of 128 million yuan [1] - Baodi Mining (601121) closed at 6.51, down 0.15% with a trading volume of 94,100 shares and a turnover of 61.03 million yuan [1] - Steel Titanium Co. (000629) closed at 2.80, down 0.36% with a trading volume of 1,062,400 shares and a turnover of 2.95 million yuan [1] - Dazhong Mining (001203) closed at 12.16, down 1.06% with a trading volume of 176,100 shares and a turnover of 214 million yuan [1] Fund Flow Analysis - The steel raw materials sector experienced a net outflow of 74.95 million yuan from main funds, while retail investors saw a net inflow of 74.04 million yuan [1] - Ordos had a main fund net inflow of 6.24 million yuan, while retail investors contributed a net inflow of 32.98 million yuan [2] - Guangdong Mingzhu saw a main fund net inflow of 4.36 million yuan, but retail investors had a net outflow of 4.89 million yuan [2] - Hainan Mining had a main fund net inflow of 4.00 million yuan, with retail investors contributing a net inflow of 0.87 million yuan [2] - Fangda Carbon experienced a main fund net inflow of 3.34 million yuan, while retail investors had a slight net outflow [2] - Jinling Mining faced a main fund net outflow of 3.11 million yuan, but retail investors had a net inflow of 9.88 million yuan [2] - Baodi Mining had a significant main fund net outflow of 7.05 million yuan, with retail investors contributing a net inflow of 1.58 million yuan [2] - Hebei Steel Resources saw a main fund net outflow of 16.70 million yuan, while retail investors had a small net inflow [2] - Dazhong Mining experienced a main fund net outflow of 27.02 million yuan, but retail investors had a substantial net inflow of 28.58 million yuan [2] - Steel Titanium Co. faced a main fund net outflow of 39.02 million yuan, while retail investors had a net inflow of 22.44 million yuan [2]

Core Viewpoint - The article highlights the establishment and development of the "Craftsmanship Workshop" in the Ordos City, focusing on the training and promotion of traditional leather carving skills as a means to enhance employment opportunities and cultural identity among local communities [3][6]. Group 1: Training and Employment - The "Craftsmanship Workshop" serves as a comprehensive platform integrating skill inheritance, talent cultivation, cultural innovation, and industrial incubation, aimed at driving employment and cultural recognition through traditional craftsmanship [3][6]. - Over 100 trainees from various social backgrounds have participated in different levels of training, including four beginner classes, two intermediate classes, and one advanced class [8]. - The workshop provides a one-stop solution for skill acquisition, employment opportunities, free entrepreneurial guidance, and income generation [8]. Group 2: Cultural Heritage and Innovation - The leather carving technique is recognized as an important carrier of Chinese traditional culture and a key to developing rural specialty industries [8]. - The workshop collaborates with several tourist attractions to establish "Intangible Cultural Heritage Creative Product" counters, developing trendy products such as notebooks, driving license holders, knife cases, and watch straps [8]. - The initiative emphasizes the balance between tradition and innovation, aiming to revitalize traditional craftsmanship in the modern era [8].

Economic Overview - In the first half of 2025, Ordos City demonstrated economic resilience with a GDP of 290.07 billion yuan, reflecting a year-on-year growth of 6.0% at constant prices [3] - The primary industry added value reached 1.82 billion yuan, growing by 6.2%, while the secondary industry saw an increase of 204.91 billion yuan, up by 7.4%, and the tertiary industry grew by 8.33 billion yuan, with a growth rate of 3.4% [3] Sector Performance - The agricultural, forestry, animal husbandry, and fishery sectors achieved a total output value of 3.53 billion yuan, marking a year-on-year increase of 6.3% [5] - The industrial added value for large-scale enterprises increased by 8.0% year-on-year [5] - Fixed asset investment rose by 10.3% year-on-year, indicating a recovery in investment activities [5] - The total retail sales of social consumer goods reached 31.05 billion yuan, with an 8.5% year-on-year growth [5] Energy and Consumption - Total electricity consumption in the city was 52.21 billion kWh, reflecting a year-on-year increase of 6.1% [5] - Per capita disposable income for residents was 27,163 yuan, up by 4.9% year-on-year, with urban residents earning 31,846 yuan (4.4% increase) and rural residents earning 12,574 yuan (5.7% increase) [5] Future Outlook - The economic environment is expected to improve as various policies are implemented, although challenges remain due to ongoing tariff impacts and constrained demand [7] - The city plans to enhance efforts in stabilizing employment, businesses, markets, and expectations, while promoting high-quality development to solidify the economic recovery [7]

Core Viewpoint - The news highlights the innovative ecological restoration and renewable energy projects in Ordos, Inner Mongolia, focusing on the integration of photovoltaic power generation with ecological governance and sustainable agriculture. Group 1: Ecological Restoration Projects - The Tianjiao Green Energy project in Yijinhuoluo County utilizes a "photovoltaic + storage + ecological governance" model, generating approximately 900 million kWh of green electricity annually, saving over 300,000 tons of standard coal and reducing CO2 emissions by over 800,000 tons [1] - Ordos has implemented a new ecological restoration model combining "photovoltaic + ecological governance + organic agriculture + desert tourism," aiming to restore 4 million mu of desert land through photovoltaic projects [2] - The Ordos New Energy Research Institute focuses on creating a zero-carbon energy ecosystem, achieving significant technological advancements in renewable energy equipment [3] Group 2: Technological Innovations - The research institute has developed various electric and hybrid mining vehicles, establishing platforms for zero-carbon energy system design and low-carbon emission assessment [3] - The mining operations in Ordos have shifted towards prioritizing environmental protection, with 100% utilization of coal gangue and 100% reuse of mine water, achieving a significant reduction in energy consumption [3][4] - A project aimed at transforming coal gangue into ecologically beneficial soil has been initiated, promoting a closed-loop system for waste management [4] Group 3: Land Rehabilitation Efforts - Ordos has completed land reclamation of 202 square kilometers in open-pit mining areas and has established 39 ecological agriculture and breeding projects, along with 24 photovoltaic power generation projects [4]

Core Viewpoint - Ordos is facing challenges in rural development, including traditional development paths, weak product sales, and a lack of talent. The city is adopting an innovative approach by leveraging experiences from Zhejiang to revitalize its rural areas [1][3][6]. Group 1: Rural Development Initiatives - Ordos has launched a comprehensive rural management initiative, inspired by the "Ten Million Project" to promote high-quality rural revitalization and urban-rural integration [3][6]. - The city recognizes the need for a tailored development strategy, emphasizing that rural revitalization is a mandatory task rather than an option [3][9]. Group 2: Collaboration with Zhejiang - Ordos is collaborating with teams from Zhejiang to implement the "Ten Million Project" experience, focusing on rural management and revitalization [5][6]. - The city has organized multiple study tours for local agricultural leaders to learn from successful rural management practices in Zhejiang [6][8]. Group 3: Innovative Approaches - Ordos is shifting from merely providing financial support to fostering self-sustaining rural economies through brand operation and local leadership development [8][9]. - The city is exploring new economic models, such as photovoltaic agriculture and ecological theme ranches, to convert environmental efforts into economic benefits [9]. Group 4: Branding and Marketing - Starting in 2023, Ordos is developing the "Warm City Multi-Taste" regional public brand for agricultural products, focusing on standardized production and brand management [9][10]. - The city plans to innovate its marketing strategies by creating themed restaurants and integrating dining experiences with tourism, generating significant revenue [9][10]. Group 5: Talent Development - In 2025, Ordos will implement talent recruitment initiatives to support rural revitalization, including partnerships with universities to train specialized agricultural talent [12][13]. - The city aims to cultivate local entrepreneurial teams and enhance governance structures to stimulate rural development [13].

Group 1: Core Insights - Ordos is positioning itself as a benchmark for the production and application of new energy vehicles, leveraging its status as a significant energy base in China [1][2] - The city has launched the first large-scale photovoltaic demonstration base in the "Shagehuang" region, integrating various solar technologies to enhance the quality of the photovoltaic industry [1][2] - The local government is actively promoting the "New Energy +" initiative, combining renewable energy development with desertification control efforts [3][4] Group 2: Industry Development - Ordos has over 300 coal mines with a production capacity exceeding 900 million tons, making it a leader in coal production among Chinese cities [2] - The region has significant potential for wind and solar energy, with approved projects covering over 6,000 square kilometers and a total installed capacity exceeding 80 million kilowatts [2][3] - The city is developing a "wind-solar-hydrogen-storage-vehicle" industrial matrix, with a focus on creating a comprehensive supply chain for new energy equipment [6][7] Group 3: Technological Advancements - The first zero-carbon industrial park has been established in Ordos, utilizing 80% renewable energy sources and aiming for 100% green electricity supply [4] - The city is home to the world's first square-shaped hydrogen system, with 12 hydrogen equipment manufacturing projects currently in operation [3][6] - Ordos has seen a 35.8% growth in its automotive manufacturing sector in the first quarter, with plans to achieve a production capacity of 500,000 vehicles by the end of 2025 [8][11] Group 4: Innovation and Collaboration - The Ordos High-tech Zone is fostering innovation by establishing multiple national and regional innovation platforms, attracting top talent and research teams [9][10] - The city is developing a smart connected vehicle demonstration area, with extensive testing infrastructure and partnerships with leading autonomous driving companies [10][11] - Collaborations with institutions like Tsinghua University are enhancing the development of intelligent connected vehicles, positioning Ordos as a key player in the smart transportation sector [11]

Summary of Key Points Core Viewpoint - The heavy rainfall in Ordos City has prompted emergency responses, with significant rainfall recorded and proactive measures taken to mitigate potential flooding impacts [4][5]. Group 1: Rainfall and Emergency Response - Ordos City experienced strong rainfall starting on July 18, with some areas receiving up to 99.5 millimeters of rain, nearing the heavy rain threshold [4]. - The city's flood control command initiated a Level 4 emergency response at 9 AM on July 18 to address the rainfall situation [4]. - As of July 19, no significant flooding or disaster incidents have been reported in the affected areas, indicating effective monitoring and response efforts [4][5]. Group 2: Resource Allocation and Preparedness - The Ordos Emergency Management Bureau has allocated 325 sets of flood control and drought relief materials, including water pumps, lighting equipment, and rescue boats, to enhance local preparedness [4]. - A total of 3,110 personnel and 545 pieces of equipment have been mobilized for emergency response, with substantial reserves of materials such as 25,380 cubic meters of rock and 71,000 square meters of geotextile [5]. - Local emergency management agencies have distributed essential flood control materials, ensuring readiness for any potential flooding situations [5]. Group 3: Current Situation and Impact - Despite some areas experiencing minor flooding, timely interventions have prevented significant disruptions, and there have been no reports of casualties [6]. - The proactive measures taken by local authorities have ensured that transportation and public safety remain largely unaffected [6].