Core Insights - The battery theme index has shown a slight decline of 0.06% as of September 26, 2025, with mixed performance among constituent stocks, highlighting the volatility in the sector [1] - The battery ETF managed by Harvest has seen a significant increase in net inflows and trading volume, indicating strong investor interest and confidence in the battery industry [3] - Solid-state batteries are emerging as the next generation of battery technology, driven by advancements in energy density and safety, which are expected to accelerate industrialization and capital expenditure across the supply chain [4] Group 1: Market Performance - The battery ETF Harvest has recorded a 5.70% increase over the past week as of September 25, 2025, reflecting positive market sentiment [1] - The ETF's trading volume reached 37.96 million yuan with a turnover rate of 2.96%, indicating active trading [3] - The ETF's net asset value has increased by 99.90% over the past year, ranking it 417th out of 3031 index equity funds, placing it in the top 13.76% [3] Group 2: Investment Trends - The latest scale of the battery ETF Harvest has reached 1.269 billion yuan, marking a new high since its inception [3] - Over the past 19 trading days, there have been 12 days of net inflows totaling 660 million yuan, showcasing strong investor confidence [3] - Wood Mackenzie forecasts that global energy storage capacity will grow more than sevenfold over the next decade, requiring an investment of 1.2 trillion USD in battery systems by 2034 [3] Group 3: Industry Developments - The top ten weighted stocks in the battery theme index account for 53.03% of the index, with significant players including Sungrow Power, CATL, and EVE Energy [4][6] - Solid-state battery technology is expected to lead to new product releases and capacity expansions, enhancing performance validation in the market [4] - The entire supply chain, including equipment, materials, and batteries, is anticipated to undergo iterative upgrades, increasing capital expenditure [4]

Group 1 - The Democratic Republic of Congo (DRC) has extended its cobalt export ban until October 15, leading to a significant increase in cobalt prices, which have risen nearly 40% this year [1][2] - As of September 25, cobalt-related stocks such as Luoyang Molybdenum, Huayou Cobalt, and GEM have shown strong performance, with Luoyang Molybdenum up 10.87% this week [2] - The DRC accounts for 76% of global cobalt production, and the extended export ban is expected to reduce cobalt supply by approximately 141,600 tons, nearly half of the global cobalt production in 2024 [2][3] Group 2 - Analysts predict a global cobalt supply gap exceeding 300,000 tons over the next three years due to the export quota policy [3] - The demand for cobalt is expected to rise significantly with the peak season for electric vehicles approaching, which will provide strong support for cobalt prices [3] - Companies in the cobalt supply chain are anticipated to benefit from rising cobalt prices, leading to potential performance improvements and valuation reassessments [4] Group 3 - Luoyang Molybdenum has seen a cumulative increase of over 115% this year, while Huayou Cobalt has increased by over 92%, indicating strong market interest [4] - Huayou Cobalt reported a revenue of 650 million yuan from cobalt products in the first half of 2025, benefiting from rising cobalt prices [4] - GEM has recycled more cobalt than China's primary cobalt mining output, and its nickel-cobalt production in Indonesia has significantly increased, helping to mitigate the impact of the DRC's export ban [5] Group 4 - Analysts suggest that companies with robust resource reserves and production capabilities will have a competitive advantage once the export quota system is implemented [6] - The long-term outlook for cobalt prices is expected to improve, as the DRC's dominance in global cobalt supply is unlikely to be replaced [6]

Group 1 - The Democratic Republic of Congo (DRC) has extended its cobalt export ban until October 15, leading to a significant increase in cobalt prices, which have risen nearly 40% this year [1][2] - Cobalt prices have increased from $14 per pound at the beginning of the year to $19.5 per pound by September 24, indicating strong demand and supply constraints [2] - The DRC accounts for 76% of global cobalt production, and the extended export ban is expected to reduce cobalt supply by approximately 141,600 tons, nearly half of the global cobalt production in 2024 [1][2] Group 2 - Companies in the cobalt supply chain, such as Luoyang Molybdenum and Huayou Cobalt, have seen significant stock price increases, with Luoyang Molybdenum up 10.87% and Huayou Cobalt up 7.85% as of September 25 [1][2] - Huayou Cobalt reported a revenue of 650 million yuan from cobalt products in the first half of 2025, benefiting from rising cobalt prices [3] - Greenme's cobalt recycling capacity exceeds China's cobalt mining output by 350%, and its nickel-cobalt production in Indonesia has increased by 125% year-on-year, mitigating the impact of the DRC's export ban [3] Group 3 - Analysts predict that the tightening supply of cobalt will lead to a global supply gap exceeding 300,000 tons over the next three years, supporting further price increases [2] - The demand for cobalt is expected to rise due to the growing electric vehicle market and technological advancements in sectors like 5G and AI, which will further support cobalt prices [3][4] - Companies with strong resource reserves and production capabilities, particularly in Indonesia, are expected to gain a competitive advantage as the DRC's export quota system is implemented [4]

Group 1 - The event "Investing in New Opportunities in China" was held in Seoul, showcasing five Shenzhen-listed companies to over 60 Korean investors, highlighting the companies' operational status, investment value, and future development plans [1] - Korean investors expressed increased confidence in the Chinese market, recognizing the innovative vitality and development potential of Chinese enterprises through direct communication with company management [1][2] - Chinese companies are seen as transitioning from "technology followers" to "standard setters" in the global value chain, particularly in sectors like semiconductors, due to their strong R&D investments [2] Group 2 - The rapid development of China's technology innovation has led to the emergence of globally influential tech products, supporting the optimization of China's asset valuation system [3] - The stability and growth potential of China, as the world's second-largest economy, make it a preferred market for international investors amid rising geopolitical risks and economic uncertainties [3] - The event is part of a series organized by the Shenzhen Stock Exchange to enhance mutual understanding and trust between domestic companies and foreign investors, thereby boosting confidence in Chinese assets [4] Group 3 - The Shenzhen Stock Exchange plans to continue enhancing market attractiveness and inclusivity, aiming to create a favorable environment for global investors to participate in the Chinese capital market [5]

Group 1 - The event "Investing in New Opportunities in China" was held in Seoul, featuring five Shenzhen-listed companies from sectors like artificial intelligence, information technology, and new energy [1][3] - Korean investors expressed increased confidence in investing in the A-share market after direct communication with the management of Shenzhen-listed companies, highlighting the innovative vitality and development potential of Chinese enterprises [1][3][8] - The event is part of a series aimed at enhancing the attractiveness and inclusivity of the capital market, with plans for continued engagement with international investors [1][4] Group 2 - The participating companies showcased their investment value through operational data and future plans, emphasizing their competitive advantages in the global supply chain, market space, and technology commercialization capabilities [3][4] - Korean investors noted that Chinese companies are transitioning from "technology followers" to "standard setters," indicating a growing importance in the global value chain [3][4] - The event's success reflects the increasing recognition of Chinese assets among Korean institutional investors, particularly in the context of rising geopolitical risks and economic uncertainties [7][8] Group 3 - The participating companies, including Keda Xunfei and Greenme, highlighted their localization efforts and technological innovations in overseas markets, enhancing their international competitiveness [5][6] - Korean investors are increasingly focusing on non-U.S. markets, recognizing China's advancements in AI and robotics, which are seen as pivotal for future technological competition [8][9] - The overall sentiment among Korean investors is optimistic regarding the long-term development prospects of Chinese companies, particularly in sectors like robotics, AI, new energy, and consumer electronics [8][9]

Core Viewpoint - The article highlights the successful roadshow event held by Shenzhen Stock Exchange in Seoul, showcasing the investment potential of five Shenzhen-listed companies in the fields of artificial intelligence, information technology, and new energy, which has enhanced Korean investors' confidence in the Chinese market [2][4][10]. Group 1: Event Overview - On September 25, 2025, Shenzhen Stock Exchange hosted the "Investing in New Opportunities in China" roadshow in Seoul, featuring executives from five companies: iFlytek, Grinmei, Dongshan Precision, Shuanghuan Transmission, and Guangxun Technology [2]. - The event was attended by over 60 Korean investors who engaged in deep discussions with company management about operational performance, investment value, and future development plans [2][4]. Group 2: Investment Value Presentation - The roadshow focused on three cutting-edge sectors: artificial intelligence, information technology, and new energy, with companies presenting their operational data and future strategies to showcase their investment value [4]. - Korean investors expressed that face-to-face communication allowed them to perceive the innovative vitality of Chinese enterprises and gain a more intuitive understanding of the development of new productive forces in China [4][10]. Group 3: Competitive Advantages of Chinese New Productive Forces - The unique competitive advantages of Chinese new productive forces that attract Korean capital include a globally unique supply chain system, vast market space, and the ability to commercialize cutting-edge technologies [5]. - Korean investors noted that Chinese companies are transitioning from "technology followers" to "standard setters," establishing significant positions in the global value chain through high-intensity R&D and patent strategies [5][8]. Group 4: Global Competitiveness of Shenzhen Companies - In the context of global industrial chain restructuring, the development of Chinese new productive forces is expected to promote the globalization of the Chinese economy and attract more foreign investment [7]. - Companies like iFlytek and Grinmei have successfully localized operations and innovated technologies in overseas markets, enhancing their international competitiveness and sustainable development potential [8]. Group 5: Recognition of Chinese Assets by Korean Institutions - The event's positive reception underscores the attractiveness of the Chinese market, with Korean investors increasingly recognizing the rapid technological innovation in China and its potential for long-term investment [10][11]. - Korean institutions are gradually shifting their asset allocation focus towards non-U.S. markets, acknowledging China's advancements in AI and robotics, and forming a consensus on China's leading position in future technological competition [10].

Group 1 - The Shenzhen Stock Exchange held a roadshow in Seoul on September 25, aimed at enhancing the confidence of Korean investors in investing in A-shares [1][2] - Five companies from the Shenzhen market, including iFlytek and Grinmei, participated in the roadshow, engaging with over 60 Korean investors [1][2] - The participating companies presented their business operations, investment value, and development plans, showcasing the achievements in the new productivity sector of the Shenzhen market [1][2] Group 2 - Korean investors expressed that face-to-face communication with company management provided them with a more intuitive understanding of the development trends in China's new productivity sector [1][2] - This interaction has further strengthened their confidence in investing in the A-share market [1][2]

在中国新能源产业版图中，格林美（002340）（002340.SZ）是一个独特而关键的存在。 这家以"消除污染、再造资源"为使命的企业，从处理电子废弃物的"城市矿山"起家，如今已是全球领先 的新能源材料制造和关键金属资源回收巨头。 继2010年在深交所上市（A股）和发行GDR（全球存托凭证）之后，格林美近期再次启动资本战略升 级，筹划赴香港联合交易所发行H股，旨在构建"A+H"双资本平台。 从电子垃圾处理到全球巨头 在新能源产业链中，格林美占据了不可或缺的战略位置，其业务模式和所处赛道绑定"碳中和"与"资源 安全"两大时代主题。 其中，公司的核心竞争力在于其贯穿"城市矿山"和"新能源材料"两大领域的"资源回收-材料再造"闭环的 独特产业模式。 而从另一个角度来看，此次赴港上市，是格林美在全球化战略背景下对资本结构进行优化和风险对冲的 必然选择。 公司持续的全球化扩张，尤其是在印尼等地的镍资源和三元材料基地建设，带来了巨额的资本开支，导 致其投资活动现金流常年为负且规模不断扩大。 新的H股融资渠道，不仅能够分摊资本压力，缓解A股市场估值对企业国际化战略的支持不足，还能帮 助公司引入对绿色经济和ESG投资有偏好的 ...

Core Viewpoint - The company, Greeenme (002340.SZ), is a key player in China's new energy industry, focusing on "pollution elimination and resource regeneration," and is planning to issue H-shares in Hong Kong to optimize its capital structure and support its global expansion strategy [1][3]. Group 1: Business Model and Market Position - Greenme occupies a strategic position in the new energy supply chain, with a unique business model that integrates "resource recovery and material regeneration," aligning with the themes of "carbon neutrality" and "resource security" [2]. - The company is a leader in the recovery of nickel, cobalt, and tungsten resources in China, particularly excelling in the recycling of lithium-ion batteries and scrapped vehicles, capturing over 10% of China's total recycling volume in the third-party retired lithium-ion battery sector [2]. - Greenme's vertical integration capability, which allows it to produce key materials for ternary lithium batteries from recycled resources, creates barriers in cost control and supply chain security [2]. Group 2: Financial Performance and Challenges - The company's total revenue is projected to grow from 29.392 billion in 2022 to 33.199 billion in 2024, reflecting a compound annual growth rate (CAGR) of approximately 6.3% [4]. - Despite steady revenue growth, the company's net profit shows significant volatility, primarily due to its reliance on the prices of bulk commodities like nickel and cobalt, which are subject to global supply and demand fluctuations [5]. - Continuous capital expenditures have led to negative cash flow from investment activities, indicating a reliance on external financing to meet substantial investment needs [6]. Group 3: Market Opportunities - The upcoming "retirement wave" of power batteries is expected to create a significant market opportunity, with a projected CAGR of 52.1% for retired electric vehicle batteries from 2024 to 2030 [7]. - The demand for high-nickel ternary precursors is anticipated to increase, with penetration rates expected to rise from 35.2% in 2024 to 70.0% by 2030, positioning Greenme to capitalize on this high-value growth trend [7]. Group 4: Strategic Outlook - Greenme's unique resource closed-loop model and technological barriers in the new materials sector provide long-term strategic investment value, particularly in the context of the "power battery retirement wave" and "resource security" [8]. - The company's aggressive growth strategy, coupled with high debt levels and potential liquidity risks, presents significant financial challenges in the short to medium term [8].

Group 1 - The event "Investing in New Opportunities in China" held by Shenzhen Stock Exchange in Seoul showcased five companies from sectors like AI, information technology, and new energy, enhancing investor confidence in A-shares through direct communication with company executives [1][6] - Korean investors expressed a strong recognition of China's innovative capabilities and development potential, particularly in the context of global supply chain restructuring and the shift from "technology following" to "standard setting" by Chinese firms [4][5] - The event is part of a broader initiative by Shenzhen Stock Exchange to promote Chinese companies abroad, with over a hundred companies participating in global roadshows to enhance mutual understanding and trust [6][7] Group 2 - Companies like iFlytek and Greenme have demonstrated significant technological breakthroughs through high R&D investments, contributing to their core competitiveness and attracting investor interest [4][5] - Korean institutional investors are increasingly focusing on non-U.S. markets, recognizing China's advancements in AI and robotics, which are seen as pivotal for future technological competition [6][7] - The overall sentiment among Korean investors is optimistic regarding the long-term development prospects of Chinese companies, particularly in the context of recovering A-share and Hong Kong markets [7]