格林美：公司赴港上市工作正有序推进中，公司将严格按照相关法律法规及时履行信息披露义务。 ...

Group 1 - The battery ETF fund has seen a significant increase in trading volume, with a total transaction of 1.81 million yuan on a single day and an average daily transaction of 8.06 million yuan over the past year [3] - The fund's scale has grown by 47.82 million yuan in the past year, ranking it among the top two in terms of new scale compared to similar funds [3] - The fund's shares have increased by 10.5 million units in the last three months, making it the top performer in terms of new shares among comparable funds [3] Group 2 - The valuation of the index tracked by the battery ETF fund is at a historical low, with a latest price-to-book ratio (PB) of 2.82, which is lower than 84.79% of the time over the past five years, indicating a strong value proposition [3] - Del's announcement of a new investment cooperation agreement with the local government in Huzhou, Zhejiang Province, for a new lithium battery pilot and industrialization project, with a total planned investment of approximately 300 million yuan [3] - Guosen Securities reports that the solid-state battery industry is accelerating, with companies like BMW, Mercedes-Benz, and Chery conducting road tests for solid-state battery prototypes, and various firms making strides in solid-state battery production [3] Group 3 - As of May 30, 2025, the top ten weighted stocks in the CSI Battery Theme Index include CATL, Sungrow Power, Sanhua Intelligent Control, EVE Energy, Greeenmech, Xinwanda, Guoxuan High-Tech, Tianci Materials, Xian Dao Intelligent, and Deyang Co., accounting for 50.34% of the total index [4] - Investors without stock accounts can access battery industry investment opportunities through the battery ETF linked fund (016567) [4]

Core Viewpoint - The China Securities New Materials Theme Index has shown a slight increase of 0.11% recently, but has experienced declines over the past month, three months, and year-to-date, indicating a challenging market environment for the new materials sector [1][2]. Group 1: Index Performance - The China Securities New Materials Theme Index closed at 2804.76 points with a trading volume of 18.599 billion yuan [1]. - Over the past month, the index has decreased by 0.38%, by 9.16% over the last three months, and by 5.65% year-to-date [1]. Group 2: Index Composition - The index comprises 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other strategic materials [1]. - The top ten weighted companies in the index are: CATL (10.54%), North Huachuang (10.05%), Wanhua Chemical (7.57%), Longi Green Energy (6.46%), Huayou Cobalt (3.38%), Tongwei Co. (3.25%), Sanan Optoelectronics (3.15%), Baofeng Energy (2.63%), and Greeenme (2.32%) [1]. Group 3: Market Segmentation - The index's holdings are primarily listed on the Shenzhen Stock Exchange (54.94%), followed by the Shanghai Stock Exchange (44.50%) and the Beijing Stock Exchange (0.56%) [1]. - In terms of industry distribution, industrials account for 43.27%, materials for 32.99%, and information technology for 23.74% [2]. Group 4: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2]. - Public funds tracking the new materials index include various ETFs such as Hua Bao CSI New Materials ETF and Tianhong CSI New Materials ETF [2].

关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 格林美股份有限公司（以下简称"公司"）基于对公司未来发展前景的信心 以及对公司价值的高度认可，分别于2025年1月19日召开第六届董事会第三十三 次会议和第六届监事会第二十八次会议、2025年2月13日召开2025年第二次临时 股东大会，审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资 金和股票回购专项贷款资金通过二级市场以集中竞价交易的方式回购公司部分 股份，本次回购股份用于实施股权激励或员工持股计划和依法注销减少注册资本， 其中，用于依法注销减少注册资本的股份数量不低于实际回购总量的50%，用于 实施股权激励或员工持股计划的股份数量不高于实际回购总量的50%。本次回购 的资金总额不低于10,000万元人民币（含）且不超过20,000万元人民币（含）， 本次回购股份的价格为不超过人民币9.93元/股（含）。具体回购数量以回购期限 届满时实际回购的股份数量为准。本次回购股份的实施期限自股东大会审议通过 本次回购股份方案之日起12个月内。具体内容详见公司在指定信息披露媒体《中 ...

Group 1: Bilateral Cooperation and Trade - The year 2025 marks the 75th anniversary of diplomatic relations between China and Indonesia, coinciding with the 70th anniversary of the Bandung Conference, highlighting significant historical milestones [1] - In 2024, the bilateral trade volume between China and Indonesia is projected to reach approximately $147.8 billion, reflecting a year-on-year growth of 6.1%, with China being Indonesia's largest trading partner for 12 consecutive years [1] - The first Global High-Quality Belt and Road Summit was held in Jakarta on May 25, 2024, emphasizing sustainable infrastructure and development goals [1] Group 2: Nickel Industry Development - Indonesia is a major player in the global nickel supply, with its nickel production surging from 1.04 million tons in 2021 (38% of global production) to 1.8 million tons in 2023, exceeding 50% of global output [9] - The export value of nickel products from Indonesia has increased significantly, from $1 billion in 2014 to $20.9 billion in 2023, indicating a shift from raw material exports to high-value nickel processing products [9] - Chinese companies, such as Greeenme and Huayou Cobalt, are heavily investing in Indonesia's nickel mining and processing sectors, establishing a full industrial chain from nickel resource development to battery manufacturing [5][7] Group 3: Sustainable Development and Green Technology - The Belt and Road Initiative is positioned as a pathway for both open and green development, promoting cooperation in green infrastructure, energy, and transportation [10] - A joint research laboratory for new energy materials and metallurgy technology was established in Bandung, Indonesia, with an investment of $30 million, aimed at advancing sustainable mining and resource utilization [8] - The adoption of high-pressure acid leaching (HPAL) technology for nickel production is highlighted for its lower carbon emissions compared to traditional methods, aligning with global trends towards green and low-carbon resources [11]

Core Insights - Sustainable development has become a consensus among Chinese companies venturing abroad, particularly in Indonesia, which emphasizes "downstream" processing in its economic cooperation with China [1][2][4] - Indonesia, rich in nickel resources, has implemented a "downstream" policy over the past decade to encourage local processing and refining of minerals, moving away from raw mineral exports [1][4] - Chinese companies have significantly contributed to Indonesia's downstream processing, with investments leading to the establishment of extensive nickel and stainless steel production facilities [1][5] Investment Trends - Indonesia's focus on downstream processing is evident in its investment policies, with the country moving from being the 12th largest source of foreign investment from China in 2013 to the 2nd largest by 2024 [4][5] - The average growth rate of Chinese investment in Indonesia over the past decade has been 59%, indicating a strong interest in the region [5] Market Opportunities - Companies like Greenmech have shifted their focus to Indonesia due to the country's rich nickel resources, despite initial challenges in sourcing high-grade nickel ore [5] - The Indonesian market is attractive due to its large population of approximately 280 million and a young demographic, providing a substantial labor force at competitive costs [5][6] Sustainable Development Initiatives - Chinese companies are increasingly investing in local talent development and sustainable practices, such as establishing research laboratories to train local professionals in metallurgy and mining technology [7][8] - The first Global Enterprise Co-Building High-Quality "Belt and Road" Summit highlighted the commitment of Chinese companies to promote inclusive and sustainable economic growth in their overseas operations [8]

Industry Overview - The circular economy in China is in a stage of comprehensive construction and high-quality development, with a market size projected to reach 46,366 billion yuan in 2024, representing a year-on-year growth of 13.71% [1][12] - The "14th Five-Year Plan" for circular economy development sets a target for resource recycling industry output to reach 5 trillion yuan by 2025, supported by policies such as tax incentives and financial subsidies [1][12] - Technological advancements, including AI sorting systems and blockchain traceability platforms, have reduced recycling costs by 40% and improved sorting accuracy to over 95% [1][12] Industry Development History - The development of China's circular economy has gone through three main stages: advocacy and initial practice (1990s-2003), national decision-making and comprehensive pilot projects (2004-2015), and comprehensive construction and high-quality development (2016-present) [4][5][6] Industry Chain - The upstream of the circular economy industry chain includes raw materials and equipment sourced from waste and natural resources, while the midstream focuses on processing and recycling, and the downstream involves resource recovery and second-hand trading [8] Market Size - The total amount of recycled resources in China is expected to reach 401 million tons in 2024, with a recycling value of 1.33 trillion yuan, driven by policies and technological innovations [10][12] Key Enterprises - Leading companies in the circular economy sector include China Resources Recycling Group, which has a comprehensive recovery network and processes over 10 million tons annually [14][16] - Other notable companies include Guangdong Bangpu Recycling Technology, which specializes in battery recycling with high recovery rates, and Beijing High Energy Environment Technology, focusing on industrial waste treatment [14][16][18] Industry Development Trends - Future growth in the circular economy will heavily rely on technological innovation, with AI and high-value recycling technologies becoming core focuses [20] - Policy support will continue to be a key driver for the industry, with government initiatives aimed at standardizing and scaling operations [22] - Increasing market demand, particularly in electronic waste recycling, will create new growth opportunities, with significant volumes of electronic waste generated annually [23]

Core Viewpoint - The China Securities New Materials Theme Index has shown a decline of 0.8% recently, reflecting a challenging market environment for companies in the new materials sector [1] Group 1: Index Performance - The China Securities New Materials Theme Index closed at 2809.59 points with a trading volume of 17.415 billion yuan [1] - Over the past month, the index has increased by 0.04%, but it has decreased by 9.99% over the last three months and by 4.63% year-to-date [1] Group 2: Index Composition - The index comprises 50 listed companies involved in advanced steel, non-ferrous metals, chemicals, inorganic non-metals, and other strategic materials [1] - The top ten weighted companies in the index are: CATL (10.63%), North Huachuang (9.86%), Wanhua Chemical (7.67%), Longi Green Energy (6.45%), Huayou Cobalt (3.4%), Tongwei Co. (3.38%), Sanan Optoelectronics (3.24%), Sanhuan Group (3.19%), Baofeng Energy (2.63%), and Greeenmei (2.32%) [1] Group 3: Market Segmentation - The index's holdings are primarily listed on the Shenzhen Stock Exchange (54.67%), followed by the Shanghai Stock Exchange (44.77%) and the Beijing Stock Exchange (0.56%) [1] - In terms of industry distribution, industrial companies account for 43.47%, raw materials for 33.01%, and information technology for 23.52% [2] Group 4: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - Public funds tracking the new materials index include various ETFs and fund products from companies like Huabao, Guotai, and Tianhong [2]

Core Viewpoint - The China Securities Battery Theme Index (CS Battery, 931719) has shown a decline of 0.91% to 2370.64 points, with a trading volume of 17.313 billion yuan, reflecting a mixed performance in the battery sector [1] Group 1: Index Performance - The CS Battery Index has increased by 2.55% over the past month, but has decreased by 13.54% over the last three months and is down 5.16% year-to-date [1] - The index was established on December 31, 2014, with a base value of 1000.0 points [1] Group 2: Index Composition - The top ten holdings in the CS Battery Index are: CATL (10.8%), Sungrow Power (8.73%), Sanhua Intelligent Control (6.69%), Yiwei Lithium Energy (6.5%), Greeenme (3.63%), Xinwanda (3.2%), Guoxuan High-Tech (3.13%), Tianci Materials (2.65%), Xianlead Intelligent (2.52%), and Kodali (2.5%) [1] - The index's market distribution shows that 79.55% of holdings are from the Shenzhen Stock Exchange, 19.58% from the Shanghai Stock Exchange, and 0.87% from the Beijing Stock Exchange [1] Group 3: Industry Breakdown - The industry composition of the CS Battery Index indicates that 82.46% is in the industrial sector, 12.68% in consumer discretionary, 3.74% in materials, and 1.12% in utilities [1] Group 4: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the CS Battery Index include various ETFs and mutual funds, such as the China Merchants CS Battery Theme ETF and others [2]

Group 1 - The first Global Summit on High-Quality Belt and Road Cooperation was held in Jakarta, Indonesia, co-hosted by the UN Global Compact and the Indonesian government, highlighting the importance of sustainable development in the Belt and Road Initiative [1] - The China-Indonesia New Energy Materials and Metallurgical Engineering Technology Joint Research Laboratory and the China-Indonesia Future Metallurgy Institute were launched as benchmark projects for technological and cultural cooperation under the Belt and Road Action Platform [1][2] - Liu Meng, representative of the UN Global Compact in China, emphasized that the collaboration between Greenme Group and Indonesia in talent cultivation is a typical case of promoting technological innovation and sustainable development within the Belt and Road framework [1] Group 2 - The China-Indonesia Future Metallurgy Institute aims to strengthen the metallurgical industry in Indonesia and globally through technological innovation and sustainable development, supported by both Chinese and Indonesian governments [2] - The establishment of the China-Indonesia New Energy Materials and Metallurgical Engineering Technology Joint Research Laboratory has significantly advanced research in metallurgy and new energy materials at institutions like Bandung Institute of Technology [2] - Guo Xueyi, Vice President of Central South University, stated that the university will continue to contribute to the high-quality development of the Belt and Road Initiative by enhancing global economic and social productivity [2][5] Group 3 - A high-level steering committee meeting for the UN Global Compact's Belt and Road Action Platform was held prior to the summit, where Xu Kaihua, founder and chairman of Greenme Group, was appointed as a member of the committee [3]