Zijin Mining(SH:601899) Xin Lang Cai Jing·2025-12-31 12:04Group 1 - Chinese semiconductor firm Jian Guang Asset is forced to sell 80.2% of its stake in FTDI due to UK government intervention citing national security risks, potentially leading to significant losses for the company and its shareholders [2][7] - The precious metals market experienced significant volatility, with silver prices dropping 9.08% and gold prices falling by 1.50% on December 31, attributed to factors such as profit-taking and changes in trading conditions [2][7] - The RMB/USD central parity rate was adjusted to 7.0288, marking the highest level since September 30, 2024, with offshore RMB breaking below 6.99 [2][7] Group 2 - The A-share market showed strong performance in 2025, with the Shanghai Composite Index reaching 4000 points and total trading volume hitting 419.86 trillion yuan, indicating a bullish outlook for 2026 [3][8] - The 2026 "Two New" policy optimizes subsidy standards for the automotive industry, with a total of 625 billion yuan allocated to support the replacement of consumer goods [3][8] - The first national standard for solid-state batteries was released, aiming to regulate the industry and promote its mature development [3][8] Group 3 - Geely's subsidiary, Weirui Power, is suing Awin for 2.314 billion yuan over battery quality issues related to the Zeekr 001 model, which may lead to significant industry restructuring [4][9] - Zijin Mining expects a net profit of approximately 51-52 billion yuan for 2025, a year-on-year increase of about 60%, supported by rising gold prices [4][10] - CITIC Securities identified ten macro opportunities for 2026, including the continued accumulation of gold reserves and the integration of new technologies [4][10] Group 4 - China Energy Equipment announced the termination of an over 800 million yuan acquisition of three high-voltage electrical companies to avoid potential financial losses [5][10]