Core Insights - The Chinese lithium battery industry is showing strong signals of emerging from a comprehensive recession cycle, with significant growth in revenue and profit across major companies [2][3]. Group 1: Industry Performance - In the first half of 2025, the total revenue from lithium battery businesses of listed companies in China reached approximately 537.995 billion yuan, marking a year-on-year increase of 14.95%, and a 35.16 percentage point improvement compared to the same period in 2024, which saw a decline of 20.21% [2]. - For the third quarter of 2025 (July to September), the combined operating revenue of major lithium battery listed companies was 374.252 billion yuan, reflecting an 18.62% year-on-year growth, while net profits totaled 34.397 billion yuan, up 67.18% year-on-year [2]. - The fourth quarter (October to December) is projected to see net profits for 68 lithium battery listed companies ranging from 7.568 billion yuan to 15.182 billion yuan, representing a year-on-year growth of approximately 178.83% to 257.95% [2]. Group 2: Company Performance - In the third quarter, 26 lithium battery listed companies reported net profits exceeding 100 million yuan, with the top three being Salt Lake Industry (000792.SZ), Huayou Cobalt (603799.SH), and Ganfeng Lithium (002460.SZ) [3]. - Despite 27 companies reporting losses in the fourth quarter, this number has decreased by 21 compared to the previous year, with most companies experiencing reduced losses. Notably, 17 companies achieved profit growth, accounting for 62.96% of the total [2]. - Only 15 companies reported a decline in performance in the fourth quarter, representing just 22.06% of the total [2].

Group 1: Market Overview - The Hong Kong stock market experienced a collective decline on February 6, with the Hang Seng Index falling by 1.21% to 26,559.95 points, and the Hang Seng Technology Index decreasing by 1.11% to 5,346.20 points [1][2] - The total market turnover for the day was HKD 247.9 billion, with net inflows from southbound funds amounting to HKD 14.859 billion, and a cumulative net purchase of HKD 56.069 billion for the week [1] Group 2: Company Performance - The stock of 澜起科技 (Lianqi Technology) surged by 39.21% in dark trading, reaching HKD 148.9 per share ahead of its listing on the Hong Kong stock market on February 9 [9][13] - 澜起科技 is a leading international company in data processing and interconnect chip design, focusing on high-performance, low-power chip solutions for cloud computing and data centers [13] Group 3: Sector Movements - The beverage sector saw gains, with 茶百道 (Cha Bai Dao) rising by 6.08%, 古茗 (Gu Ming) increasing by 3.58%, and 沪上阿姨 (Hu Shang A Yi) up by 1.15%, driven by a promotional campaign from Alibaba's 千问App [3] - The lithium battery sector also performed well, with 彩客新能源 (Cai Ke New Energy) increasing by 6.59% and 中创新航 (Zhong Chuang Xin Hang) rising by 5.57%, attributed to strong demand in the new materials sector [5][7] - In the automotive sector, 蔚来 (NIO) saw a rise of 6.95%, with other companies like 零跑汽车 (Leap Motor) and 理想汽车 (Li Auto) also experiencing gains [8] Group 4: Analyst Insights - UBS has indicated that the Asian market is expected to enter a "super cycle," driven by multiple factors that could lead to long-term growth and profitability, particularly in the technology sector [14]

Core Insights - The CLNB 2026 New Energy Industry Expo will take place from April 8 to 10, 2026, at the Suzhou International Expo Center, featuring over 1,500 exhibitors, 30,000 professional visitors, and more than 200 international procurement teams from over 30 countries [1] Group 1: Exhibition Overview - The expo aims to provide valuable opportunities for attendees to connect with suppliers, projects, and collaboration opportunities in the new energy sector [1] - The event will feature a wide range of displays, including new battery technologies, mining resources, advanced materials, and battery recycling [2][3][4] Group 2: Business Matching Services - CLNB will offer a one-on-one business matching service, connecting exhibitors with selected professional buyers to facilitate in-depth communication and potential partnerships [4] - The event will include a VIP procurement matching session, ensuring targeted outreach to key buyers and decision-makers [4] Group 3: Forums and Discussions - The expo will host multiple forums focusing on global resource dynamics in lithium, nickel, and cobalt, as well as advancements in lithium batteries, solid-state technology, and energy storage [10][11] - The event will also feature discussions on the integration of aluminum and copper industries with the new energy sector, creating a comprehensive ecosystem for industry participants [10][11] Group 4: Group Participation Benefits - Groups of five or more attendees will receive special benefits, including customized services, access to multiple forums, and invitations to gala dinners [6][7] - Group members will also receive commemorative badges and access to presentation materials from the event [7]

Group 1 - The core viewpoint of the article highlights a significant decline in the performance of the non-ferrous metal mining ETF, with a drop of 3.81% on February 6, 2023, closing at 2.120 yuan [1] - Major holdings within the non-ferrous mining ETF experienced notable declines, including Zijin Mining down 5.07%, Luoyang Molybdenum down 5.28%, and Northern Rare Earth down 2.71% [1] - The ETF's performance benchmark is the CSI Non-Ferrous Metals Mining Theme Index, managed by China Merchants Fund Management Co., with a return of 120.70% since its inception on June 21, 2023, and a monthly return of 9.84% [1]

Core Viewpoint - The rare metals sector shows positive momentum, with significant inflows into ETFs and optimistic forecasts for future demand driven by high-tech industries and geopolitical factors [1][2]. Group 1: Market Performance - As of February 6, 2026, the CSI Rare Metals Theme Index (930632) increased by 0.67%, with notable gains from stocks such as Zhangyuan Tungsten Industry (+7.10%) and Northern Rare Earth (+4.07%) [1]. - The Rare Metals ETF (561800) also saw a rise of 0.56% [1]. - The top ten weighted stocks in the CSI Rare Metals Theme Index account for 59.71% of the index, with companies like Luoyang Molybdenum and Northern Rare Earth leading the list [1]. Group 2: Fund Inflows - As of February 5, 2026, the Rare Metals ETF experienced a net inflow of 4.832 million yuan, with a total of 21.017 million yuan net inflow over the past ten trading days [1]. - Six out of the last ten trading days recorded net inflows, indicating strong investor interest [1]. Group 3: Future Outlook - The fund manager of the Huafu Rare Metals ETF remains optimistic about the sector, citing three main reasons: 1. Rare metals are crucial for high-tech industries and are increasingly controlled by nations amid rising geopolitical tensions [1]. 2. The downstream demand for rare metals remains robust, particularly in sectors like new energy vehicles and wind power [1]. 3. Recent price increases across various rare metal segments and positive earnings forecasts from key companies support a strong fundamental outlook [1]. Group 4: Investment Tool - The Rare Metals ETF (561800) tracks the CS Rare Metals Index, which has a high lithium content of 30%-40%, making it an excellent investment tool for market participants looking to gain exposure to the rare metals industry [2].

Group 1 - The core point of the article highlights the significant decline in the performance of the Penghua Nonferrous ETF (159880), which opened down by 5.31% at 2.070 yuan on February 6 [1] - Major holdings within the Penghua Nonferrous ETF experienced notable drops, including Zijin Mining down 5.07%, Luoyang Molybdenum down 5.28%, and Northern Rare Earth down 2.71% [1] - The performance benchmark for the Penghua Nonferrous ETF is the National Index of Nonferrous Metals Industry, managed by Penghua Fund Management Co., Ltd., with a return of 118.31% since its inception on March 8, 2021, and a recent one-month return of 9.33% [1]

Core Viewpoint - The article discusses the performance of the Silver Hua ETF (159871) and its major holdings, highlighting a significant decline in share prices on February 6, 2023 [1] Group 1: ETF Performance - The Silver Hua ETF (159871) opened down by 4.35%, priced at 2.067 yuan [1] - Since its inception on March 10, 2021, the fund has achieved a return of 116.34%, with a one-month return of 8.68% [1] Group 2: Major Holdings Performance - Major holdings in the ETF experienced notable declines, including: - Zijin Mining down by 5.07% - Luoyang Molybdenum down by 5.28% - Northern Rare Earth down by 2.71% - Huayou Cobalt down by 3.31% - China Aluminum down by 3.64% - Ganfeng Lithium down by 3.04% - Shandong Gold down by 3.97% - Yun Aluminum down by 1.78% - Zhongjin Gold down by 6.08% - Zhongmin Resources down by 1.79% [1]

Market Overview - The three major A-share indices collectively declined, with the Shanghai Composite Index down 0.64% to 4075 points, the Shenzhen Component Index down 1.44%, and the ChiNext Index down 1.55% [1][2] - The total market turnover was 2.19 trillion yuan, a decrease of 309 billion yuan compared to the previous trading day, with over 3700 stocks declining [1] Sector Performance - Precious metals stocks experienced significant declines, with Hunan Silver and Sichuan Gold dropping over 9%, and Xiaocheng Technology falling more than 10% [4][5] - The space photovoltaic concept stocks entered a "cooling period," with several stocks, including Junda Co. and Shuangliang Energy, hitting the daily limit down [2][6] - Lithium mining stocks also saw collective declines, with Ganfeng Lithium and Tianqi Lithium both dropping over 6% [7][8] - The tourism sector showed strength, with Sanxia Tourism hitting the daily limit up and Shaanxi Tourism rising over 8% [9][10] - New retail concept stocks were active, with companies like Huangting Hotel and Maoye Commercial hitting the daily limit up [11][12] - Bank stocks performed well, with Xiamen Bank hitting the daily limit up and Chongqing Bank rising over 5% [13] Key Stock Movements - Notable declines in precious metals included Xiaocheng Technology at -10.20%, Hunan Silver at -9.97%, and Sichuan Gold at -9.79% [5] - In the space photovoltaic sector, significant drops included Optech at -12.51% and Jiejia Weichuang at -12.39% [6] - Lithium stocks saw Ganfeng Lithium at -6.31% and Tianqi Lithium at -6.27% [8] - In the tourism sector, Sanxia Tourism rose by 10% and Shaanxi Tourism by 8.57% [10] - New retail stocks like Huangting International rose by 10.11% and Maoye Commercial by 10.04% [12] - Bank stocks showed strong performance with Xiamen Bank at +9.99% and Chongqing Bank at +5.73% [13]

每经记者｜杜宇 每经编辑｜许绍航 记者|杜宇 编辑|许绍航 杜波 校对|金冥羽 2月5日，碳酸锂期货主力合约（LC2605）大跌，盘中跌幅超10%，截至发稿跌10.84%，报132540元/吨。 周度数据来看基本符合预期，现货成交数据较好，春节前仍有补库预期，但短期持仓扰动风险较大；中期来看，在需求未出现明确负反馈的情况下，一季 度供给端部分上游检修，需求端抢出口+春节备货需求导致仍存去库预期，关注2月排产情况并警惕波动率放大和持仓影响，目前利空逻辑存在但不坚 实，维持谨慎做空观点。 同日，锂矿/锂电池概念股多数下跌，天齐锂业复牌后股价低开低走，截至发稿跌幅达5.83%；赣锋锂业跌幅达5.93%，盐湖股份跌幅达4.10%。 （免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。） 封面图片来源：视觉中国（资料图） 申银万国此前研报指出，碳酸锂主力合约止跌回稳，市场关注度较高，谨慎参与，下游对于高价货持谨慎态度。 ...

股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 002460 | 赣锋锂业 | 1 | -4.94 | 1338亿 | 1.49 | | 002466 | 天齐锂业 | 1 | -4.87 | 824亿 | -9.39 | | 002738 | 中矿资源 | | -4.60 | 576亿 | 1.59 | | 600673 | 东旧光 | 1 | -4.58 | 846亿 | 25.32 | | 300390 | 天华新能 | | -4.37 | 389亿 | -14.28 | | 601899 | 三十年 | 1 | -4.24 | 9971亿 | 8.79 | | 000688 | 国城矿业 | 1 | -3.86 | 316亿 | -4.03 | | 002192 | 融围股份 | | -3.82 | 133亿 | -1.33 | | 002497 | 雅化集团 | | -3.52 | 281亿 | -1.37 | | 600338 | ...