Group 1 - Nanshan Aluminum International (02610) shares have risen nearly 4%, with a cumulative increase of over 50% in the past month, currently trading at 61.8 HKD with a transaction volume of 83.776 million HKD [1] - The company announced a share buyback plan on January 13, intending to repurchase shares worth no less than 300 million CNY and no more than 600 million CNY, with a maximum buyback price of 7.52 CNY per share, to reduce registered capital [1] - The buyback period will last up to 12 months from the date of shareholder meeting approval, and there are no plans for major shareholders or executives to reduce their holdings in the next 3 to 6 months [1] Group 2 - Huatai Securities research indicates that the profit center for electrolytic aluminum is expected to rise further in the first half of 2026, despite recent significant increases in aluminum prices [1] - The downstream procurement atmosphere for electrolytic aluminum has become cautious, with weak fundamental data showing a substantial increase in inventory and a weakening spot basis, leading to negative processing fees for mainstream aluminum rods [1] - Concerns among investors regarding the sustainability of aluminum price increases have emerged, but the company believes that weak downstream purchasing intentions in a high-price environment during the off-season is a normal phenomenon [1]