Group 1 - The core viewpoint of the article is that Ganfeng Lithium (002460) remains optimistic about the future demand for lithium driven by the electrification trend and growth in the energy storage market [1] - The price trend of lithium carbonate will depend on the interplay between actual demand growth and supply increase [1] - Stable demand growth is expected to provide long-term support for lithium prices [1]

每经AI快讯，有投资者在投资者互动平台提问：请问维拉斯托项目进展如何？请问采矿设备进场时 间？ 赣锋锂业（002460.SZ）1月5日在投资者互动平台表示，投资者您好，内蒙古维拉斯托矿业有限公司锂 锡多金属矿240万吨/年采矿建设项目已正式获得核准批复，采矿设备正在分批进场。 （文章来源：每日经济新闻） ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 002460 | 說明 | | A股 (深圳證券交易所) | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,613,593,699 | RMB | | 1 | RMB | | 1,613,593,699 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 1,613,593,699 | RMB | | | 1 RMB | | 1,613,593,699 | | 2. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | ...

Core Viewpoint - The energy metals sector experienced a significant increase of 2.74% on January 5, with Cangge Mining leading the gains, reflecting a positive trend in the market for energy-related materials [1]. Market Performance - The Shanghai Composite Index closed at 4023.42, up by 1.38% - The Shenzhen Component Index closed at 13828.63, up by 2.24% [1]. Individual Stock Performance - Cangge Mining (000408) closed at 89.99, with a rise of 6.62% and a trading volume of 203,600 shares, amounting to a transaction value of 1.802 billion yuan - Shengxin Lithium Energy (002240) closed at 36.60, up by 6.30%, with a trading volume of 791,700 shares and a transaction value of 2.813 billion yuan - Rongjie Co., Ltd. (002192) closed at 54.46, increasing by 5.24%, with a trading volume of 220,000 shares and a transaction value of 1.178 billion yuan - Xizang Mining (000762) closed at 27.38, up by 4.23%, with a trading volume of 130,970 shares and a transaction value of 838 million yuan [1]. Capital Flow Analysis - The energy metals sector saw a net inflow of 896 million yuan from main funds, while retail funds experienced a net outflow of 799 million yuan [2]. - The main funds' net inflow and outflow for key stocks include: - Tianqi Lithium (002466) with a net inflow of 396 million yuan, accounting for 11.31% - Shengxin Lithium Energy (002240) with a net inflow of 324 million yuan, accounting for 11.53% - Ganfeng Lithium (002460) with a net inflow of 293 million yuan, accounting for 7.65% [3].

截至月份: 2025年12月31日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 第 1 頁 共 10 頁 v 1.1.1 致：香港交易及結算所有限公司 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 002460 | 說明 | | A股 (深圳證券交易所) | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,613,593,699 | RMB | | 1 | RMB | | 1,613,593,699 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 1,613,593,699 | RMB | | | 1 RMB | | 1,613,593,699 | | 2. 股份分類 | 普通股 | ...

以下文章来源于因歪斯汀小明 ，作者因特瑞斯汀 小明 因歪斯汀小明 . 保护我方金融消费者！ ↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 澳洲矿区 此前锂下行周期澳矿都在拼命降本增效 ， 包括开采高品位区域 、 改造设备提高回收率 、 缩减资本开支等方式 。 除三家关停矿山外 ， 财务压 力山大的MRL被迫出售了其30%的锂业务给韩国浦项制铁 。 澳矿在2026年新增产能为Greenbushes早在2018年规划的三期项目 （ 6.5万吨 ） ， 市场更关注的边际变化可能是 —— 关停矿山在锂上行周 期复产 。 但 ， 锂矿价格预期稳定在复产决策线上方只是必要条件之一 ， 实际可复产量＜关停量 。 澳矿复产必选题是Pilbara的高成本Ngungaju项目 （ 1.7万吨 ） ， 若作出决策 ， PLS能够给出澳洲最快的复产准备时间 ， 约为4个月 。 关停 三家各有各的问题 ： Bald Hill此前经历过非常痛苦的23年复产24年再停产过程 ， 复产决策取决于MRL的运营压力 ； Finniss重启需要进行融 资 ， 这延长了复 ...

Core Viewpoint - Ganfeng Lithium has received official approval for the mining construction project of the Inner Mongolia Velashto Mining Co., Ltd., which has a capacity of 2.4 million tons per year for lithium-tin polymetallic mining [1] Group 1 - The Velashto project has officially obtained the necessary approvals for its development [1] - Mining equipment is currently being delivered in batches to the project site [1]

Investment Rating - The report maintains an "Accumulate" rating for the electric power equipment industry [1] Core Views - The lithium battery prices are rapidly linked, and there is significant long-term potential in space photovoltaic technology [1] - The energy storage sector is expected to see substantial growth, with a projected increase of over 60% in 2026 due to rising demand and supply constraints [3][7] - The electric vehicle market is anticipated to grow by 15% in 2026, supported by continued subsidies and a strong export contribution [26] Industry Trends - The electric power equipment sector experienced a decline of 2.18%, underperforming the market, with specific segments like wind power and new energy vehicles showing slight increases [3] - The report highlights the release of independent energy storage capacity compensation in Hubei Province at 165 RMB/kW·year, indicating government support for energy storage development [3] - The report notes that the global energy storage market is expected to grow significantly, with the U.S. projected to see a 60% increase in energy storage installations in 2025 [7] Market Prices and Changes - Lithium carbonate prices are reported at 112,500 RMB/ton, showing a slight decrease of 0.9% [3] - The average price of polysilicon is reported at 53.00 RMB/kg, with no change, while N-type silicon wafers have seen a price increase of 20% [3] - The report indicates that the average bidding price for onshore wind power is 1,800 RMB/kW, reflecting a competitive market environment [3] Company Performance - Companies like Ningde Times and BYD are highlighted for their strong performance, with Ningde Times expected to see a net profit of 11-16 billion RMB in 2025, representing a year-on-year increase of 127%-230% [3] - Tianqi Lithium and Ganfeng Lithium are noted for their strategic partnerships and production capacity expansions, positioning them well in the lithium supply chain [3] - The report emphasizes the strong growth potential for companies involved in energy storage and lithium battery production, recommending investments in leading firms such as Ningde Times and Yiwei Lithium Energy [3][6]

A-Share Market - As of December 30, 2025, over 2,800 A-share listed companies have received broker research, indicating that more than half of the market's listed companies have attracted broker attention. The most focused sectors include machinery, electronics, and pharmaceuticals, with over 290 companies in each sector receiving broker research [2] - On December 29, Ganfeng Lithium announced it received a notice from the Yichun Public Security Bureau regarding prosecution for suspected insider trading, with the case now transferred to the procuratorate for review and prosecution. The company had previously received an administrative penalty from the Jiangxi Securities Regulatory Bureau in July 2024 and has complied with disclosure obligations and paid fines [2] - Minmetals Development announced on December 29 that it received a notice from its actual controller, China Minmetals, regarding a planned major asset restructuring. The company intends to acquire equity stakes in Minmetals Mining and Luzhong Mining from its controlling shareholder through asset swaps, share issuance, and cash payments, while also raising matching funds [2] - On December 29, Huali Co., a leader in decorative composite materials, disclosed the termination of its intention to acquire a 51% stake in Beijing Zhongke Huilian Technology Co., due to failure to reach consensus on core transaction terms [3] - On December 22, Beijing Haizhi Technology Group submitted its listing application to the Hong Kong Stock Exchange for the second time, having previously let its application expire in June 2025. The company reported net losses of 176 million, 266 million, 93.73 million, and 128 million yuan for the years 2022, 2023, 2024, and the first half of 2025, respectively, primarily due to high upfront investments in upgrading products and technology [3] - On December 29, SMIC announced plans to issue 547 million shares to acquire a 49% stake in SMIC North from five shareholders, with a transaction price of 40.601 billion yuan [3] - As of December 28, 19 A-share companies have successfully listed on the Hong Kong capital market this year, a significant increase of 533% compared to 3 companies in 2024, accounting for over 50% of the total fundraising for new shares in Hong Kong [4] Financial Management - On January 5, 2026, new local government special bonds and replacement bonds will be issued, with Shandong Province planning to issue its first batch of 24.609 billion yuan in bonds, including 24.609 billion yuan for replacing existing hidden debts [5] - As of September 2025, China's banking sector had foreign financial assets of 1.8114 trillion USD and foreign liabilities of 1.4399 trillion USD, resulting in a net foreign asset of 371.6 billion USD, with net liabilities in RMB of 224.9 billion USD and net assets in foreign currency of 596.5 billion USD [5] - As of the end of November, there were 165 public fund management institutions in China, with a total net asset value of public funds amounting to 37.02 trillion yuan, a slight increase of approximately 60 billion yuan from the end of October [5] - As of December 28, the issuance of FOF (fund of funds) products surged to 83.828 billion units, marking a historical high, with both the number and scale of products reaching new records as more investors shift their funds into these products [5]

来源：文轩观察 证券违法行为的成本已大幅提高，任何试图以行政处罚作为"终点"的侥幸心理都将破灭。 一纸《移送起诉告知书》的送达，让锂矿龙头赣锋锂业四年前的内幕交易旧案波澜再起。 2025年12月29日，赣锋锂业公告称，因涉嫌单位内幕交易罪，该案已由宜春市公安局移送检察机关审查 起诉。 源于2020年的行政处罚如今升级为刑案，不仅使公司面临严峻的法律风险，更将其自身发展拖入了资本 运作受阻与战略转型承压的多重困境之中。 从行政处罚到刑事追责 一纸《移送起诉告知书》让赣锋锂业内幕交易案性质发生了根本性转变。 2025年12月29日，赣锋锂业公告收到宜春市公安局告知书，因涉嫌单位内幕交易罪，案件已被移送检察 机关审查起诉。 案件由2024年7月江西证监局行政处罚进入了刑事司法程序，涉嫌触犯《刑法》，可能面临更严厉的法 律后果。 2024年7月，江西证监局已对该案作出定性。经查明，在2020年江特电机筹划控股权变更的内幕信息敏 感期内，由董事长李良彬决策安排、时任董事会秘书欧阳明具体操作，赣锋锂业公司证券账户买卖 了"*ST江特"股票，最终获利110.53万元。 监管部门认定该行为构成内幕交易，并依法作出处罚：没收赣 ...