Group 1 - The core viewpoint of the article highlights the rapid development and implementation of intelligent driving applications in Ordos City, particularly in the Kangbashi District, showcasing various scenarios such as autonomous buses, cleaning vehicles, and vending cars [1][2] - The concept of "vehicle-road-cloud integration" is emphasized as a crucial pathway for the large-scale application of intelligent driving, which involves the fusion of physical and information spaces of people, vehicles, roads, and cloud technology [2][3] - In 2024, Ordos City was approved as a pilot city for intelligent connected vehicles by multiple government departments, accelerating the deployment of diverse application scenarios in public transport, smart travel, and logistics [2][4] Group 2 - The intelligent connected sightseeing bus has improved its performance from initially stopping frequently to now achieving smooth driving, with speed increasing from 20 km/h to 25 km/h [3][4] - Ordos has a significant demand for logistics transportation, with 330,000 heavy trucks expected to be operational annually, making it a promising market for "vehicle-road-cloud integration" applications [4] - The city is enhancing its infrastructure with traffic perception facilities such as cameras and radars, and a cloud platform that acts as the brain of intelligent traffic, enabling real-time data collection and processing [4]

| A | 股代码 | 600295 | A | 股简称 | 鄂尔多斯 | 编号：临2025-016 | | --- | --- | --- | --- | --- | --- | --- | | B | 股代码 | 900936 | B | 股简称 | 鄂资B股 | | 内蒙古鄂尔多斯资源股份有限公司 关于控股股东及其一致行动人增持公司股份实施完成的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责 任。 ●增持计划实施结果：自本次增持计划开始至2025年7月1日，香港公司及 其他一致行动人累计从上海证券交易所交易系统净增持公司B股33,068,623股， 增持数量占公司已发行股份的1.1815%，净增持金额3,081.34万美元，本次增持 按计划完成。 2025年7月1日，公司接到了《鄂尔多斯资产管理（香港）有限公司关于增 持内蒙古鄂尔多斯资源股份有限公司股份结束的函》，现将有关情况公告如下： 一、 增持主体的基本情况 （一）增持主体名称：香港公司，系公司控股股东集团公司其一致行动人； （二）本次增持前，集团公司及 ...

Report Industry Investment Rating - Not provided Core Viewpoints - SH2509 rose 0.77% to close at 2358 yuan/ton. On the supply side, last week, Jincheng Chemical, Dongying Huatai, and Ordos plants were shut down for maintenance, while Huojiagou, Haohua Yuhang, and Shandong Aluminum plants restarted, with the caustic soda capacity utilization rate increasing by 1.3% to 82.5%. On the demand side, last week, the alumina operating rate decreased by 0.07% to 80.67%; the viscose staple fiber operating rate decreased by 2.23% to 78.57%, and the printing and dyeing operating rate decreased by 0.42% to 60.31%. In terms of inventory, last week, the liquid caustic soda factory inventory increased by 6.51% to 390,400 tons, which is at a moderately high level in the same period. This week, three plants in the Northwest and East China are planned to shut down, and three plants in North China are planned to restart, with the capacity utilization rate expected to rise slightly. There are many caustic soda production plants from June to July, increasing the industry supply pressure in the medium and long term. The alumina price and profit have declined slightly, the growth of the operating rate has stagnated, and the delivery volume of the main suppliers in Shandong has decreased; the non-aluminum off-season has weak rigid demand and resistance to high prices. With the increase in future supply, under the background of limited demand, there is still significant pressure on the caustic soda spot market. In the futures market, since the basis has converged, there is still a lack of positive fundamentals, and the sustainability of the rebound of the 09 contract is questionable. However, since it is close to the cost below 2200, the downward space of the futures price is also limited. In the short term, SH2509 is expected to fluctuate within a range, and the daily K-line should pay attention to the support around 2240 and the pressure around 2400 [3] Summary by Directory Futures Market - The main closing price of caustic soda was 2358 yuan/ton, up 39 yuan; the futures trading volume was 695,140 lots, up 80,795 lots; the contract closing price of caustic soda for January was 2354 yuan/ton, up 30 yuan; the contract closing price of caustic soda for May was 2410 yuan/ton, up 27 yuan; the net position of the top 20 futures traders was -10,586 lots, up 14,324 lots; the futures open interest was 278,829 lots, up 9592 lots [3] 现货市场 - The price of 32% ion-exchange membrane caustic soda in Shandong was 770 yuan/ton, down 10 yuan; the price in Jiangsu was 900 yuan/ton, down 30 yuan; the converted 100% caustic soda price in Shandong was 2406.25 yuan/ton, down 31.25 yuan; the basis of caustic soda was 48 yuan/ton, down 71 yuan [3] Upstream Situation - The mainstream price of raw salt in Shandong was 210 yuan/ton, unchanged; the mainstream price in the Northwest was 220 yuan/ton, unchanged; the price of steam coal was 635 yuan/ton, unchanged [3] Industry Situation - The mainstream price of liquid chlorine in Shandong was 0 yuan/ton, down 50.5 yuan; the mainstream price in Jiangsu was -225 yuan/ton, down 50 yuan [3] Downstream Situation - The spot price of viscose staple fiber was 13,020 yuan/ton, unchanged; the spot price of alumina was 3080 yuan/ton, unchanged [3] Industry News - From June 20th to 26th, the average capacity utilization rate of Chinese caustic soda sample enterprises with a capacity of 200,000 tons or more was 82.5%, a month-on-month increase of 1.3%. As of June 26th, the factory inventory of fixed liquid caustic soda sample enterprises with a capacity of 200,000 tons or more nationwide was 390,400 tons (wet tons), a month-on-month increase of 6.51% and a year-on-year increase of 10.40% [3]

Core Viewpoint - The Ministry of Finance has announced the list of demonstration zones for inclusive finance development in 2025, with Tongliao and Ordos cities in Inner Mongolia recognized for their efforts [1] Group 1: Financial Support - Inner Mongolia will receive 75 million yuan in central financial support for inclusive finance development demonstration zones, with Tongliao and Ordos each receiving 37.5 million yuan [1] - The initiative aims to leverage fiscal and financial policies to encourage innovation and exploration of sustainable inclusive finance models [1] Group 2: Policy Implementation - Inner Mongolia has prioritized the development of inclusive finance as a key strategy for promoting high-quality growth in the real economy [1] - The region is enhancing its government financing guarantee system and management mechanisms to support small and micro enterprises and agricultural sectors [1]

Core Viewpoint - The event "Warm City Appointment, Shared Beauty" organized by the Ordos Cultural and Tourism Bureau aims to enhance cooperation and resource sharing between Ordos and the Sichuan tourism industry, showcasing Ordos' tourism potential and investment opportunities [2][18]. Group 1: Event Overview - The event took place on June 26 in Chengdu, attended by officials from Ordos and Sichuan, including representatives from various cultural and tourism enterprises [2][5]. - The event featured promotional presentations from different districts of Ordos, highlighting local tourism resources and investment policies [5]. Group 2: Key Presentations - Ordos officials presented the region's natural beauty, cultural heritage, and attractive business policies, emphasizing their commitment to enhancing cultural and tourism consumption [5]. - The Ordos Cultural Tourism Development Group outlined its key project layouts, investment directions, and innovative operational models [5]. Group 3: Collaborative Opportunities - Representatives from Sichuan tourism enterprises engaged in discussions on resource complementarity, route promotion, and project investment, indicating a strong interest in collaboration [5][18]. - The event included a showcase of Ordos' intangible cultural heritage products, attracting significant attention from attendees [17].

Core Insights - The article emphasizes the implementation of the "work-for-relief" program in Ordos City as a key strategy for consolidating poverty alleviation achievements and connecting rural revitalization efforts [1][6] - The program integrates "engineering construction, employment increase, and capacity enhancement" into a comprehensive system, promoting a full-chain mechanism involving city-level policy coordination, county-level innovation, and deep community participation [1][6] Summary by Sections Work-for-Relief Implementation - Ordos City has launched 68 various work-for-relief projects since 2025, benefiting 2,178 farmers and herders, with labor remuneration totaling 34.58 million yuan [6] - The program has established a regular mechanism for matching labor demand with employment needs, creating a positive cycle of "project construction—labor employment—income growth" [6] Innovative Models - In Uxin Banner, a "party leadership and work-for-relief" model has been developed, establishing a three-level responsibility system and implementing a "five synchronizations" mechanism to ensure project efficiency and community benefits [2][4] - The integration of local agricultural resources through a "construction enterprise + cooperative + farmer" model has led to increased income for multiple cooperatives and local employment opportunities [4] Ecological and Economic Synergy - In Dalad Banner, a collaborative mechanism involving "party branch (cooperative) + enterprise + farmer" has been explored for ecological restoration projects, ensuring stable income for villagers while enhancing their employment skills [5] - The approach combines ecological governance with employment generation, creating a virtuous cycle of "ecological governance—employment increase—capacity enhancement—sustained participation" [5] Future Directions - The Ordos City Agricultural and Animal Husbandry Bureau plans to continue promoting the "party leadership and work-for-relief" practice, focusing on engineering construction as a means to enhance community income [6] - Ongoing job matching efforts are being conducted for 5,745 farmers and herders in 79 villages, aiming to increase the proportion of work-for-relief projects and their impact on income generation [6]

Core Viewpoint - The Kubuqi model developed in Ordos City, Inner Mongolia, provides a "Chinese solution" for global desertification control through a combination of government policy, enterprise investment, market participation, continuous technological innovation, and open sharing of results [1][2]. Group 1: Desertification Control Achievements - The Kubuqi Desert, covering an area of 2.116 million acres, has seen significant ecological improvement, with over 9 million acres treated, transforming from a state where 61% of the area was shifting sand dunes and vegetation coverage was below 3% to a more sustainable environment [1]. - Since the launch of the "Three North" project, 40% of the desert area has been converted into oasis through various measures including the construction of a 420 km shelterbelt and a 240 km sand path barrier [2]. Group 2: Strategic Implementation - The implementation of the "Three North" project includes a systematic approach to desertification control, with specific strategies for different areas of the Kubuqi Desert, such as creating a locking forest belt in the north and a sand protection area in the west [2]. - The integration of renewable energy projects, particularly solar power, has been a key component, with approximately 3 million acres of desert being utilized for photovoltaic projects, contributing to both ecological restoration and economic development [2]. Group 3: Knowledge Transfer and Global Impact - The desertification control techniques developed in Kubuqi have been successfully replicated in regions such as Xinjiang, Tibet, Qinghai, and Gansu, and are being promoted in countries along the Belt and Road Initiative, including Saudi Arabia and Mongolia [3].

Market Overview - The Shanghai Composite Index closed at 3448.45 points, remaining above the six-month moving average, with a slight decline of -0.22% [1] - The total trading volume of A-shares reached 16232.23 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 68 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - *ST Tianyu with a deviation rate of 9.89% and a daily increase of 13.30% [1] - Qujiang Cultural Tourism with a deviation rate of 8.50% and a daily increase of 10.02% [1] - Oriental Ocean with a deviation rate of 7.48% and a daily increase of 9.85% [1] Detailed Stock Performance - The following stocks have notable performance metrics: - *ST Tianyu: Latest price 4.60 yuan, six-month line 4.19 yuan, turnover rate 4.88% [1] - Qujiang Cultural Tourism: Latest price 10.54 yuan, six-month line 9.71 yuan, turnover rate 17.89% [1] - Oriental Ocean: Latest price 2.90 yuan, six-month line 2.70 yuan, turnover rate 15.91% [1] - Other stocks with smaller deviation rates include: - Huakong Saige with a deviation rate of 2.98% and a daily increase of 4.42% [1] - Adit with a deviation rate of 2.96% and a daily increase of 3.24% [1]

Group 1 - The electric carbide market is experiencing intense supply and demand dynamics, with prices showing volatility. On June 15, prices in the Wuhai region increased by 50 yuan per ton to 2400 yuan, but just two days later, on June 17, prices fell back to 2350 yuan due to weak price support and supply-demand battles [1] - Starting from June 13, the Inner Mongolia region implemented production limits due to electricity cost pressures, leading to a rapid contraction in supply, which initially supported price increases. However, several manufacturers have resumed production, significantly increasing market supply [2] - The demand side is showing weakness, particularly in the BDO industry, which is facing oversupply issues. It is projected that domestic BDO capacity will exceed 7 million tons by 2025, with utilization rates around 50%, severely limiting BDO's demand for electric carbide [3] Group 2 - The electric carbide market is currently in a phase of increasing supply, with several manufacturers resuming production and some downstream manufacturers undergoing maintenance, which has led to a passive increase in electric carbide supply [2] - There is a noticeable downward price linkage in the electric carbide market, driven by individual manufacturers' pricing strategies and the overall market dynamics. For instance, the Inner Mongolia Junzheng Chemical Company announced a price reduction of 50 yuan, prompting other manufacturers to follow suit [5][6] - The current market is also facing low raw material prices for Lantan, which has limited the cost support for electric carbide prices. The overall market sentiment suggests that the downward price trend may continue until a new equilibrium between supply, demand, and prices is established [7]

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - The report indicates that the steel industry is expected to enter a peak season, suggesting a favorable outlook for investments in this sector [1] Price Data Summary - The SW Steel Index is at 2,077, with a year-to-date change of +1.2% [3] - The price of rebar (HRB400 20mm) is 3,070 CNY/ton, showing a year-to-date change of +10% [3] - Hot-rolled coil is priced at 3,210 CNY/ton, with a year-to-date change of +6% [3] - Iron ore price index is at 93 USD/ton, with a year-to-date change of +7% [3] Inventory Summary - Total social inventory of five major steel products is 9,120,000 tons, with a year-to-date change of +3% [5] - Total inventory at steel mills is 4,260,000 tons, with a year-to-date change of +6% [5] - Port inventory of iron ore is 13,897,000 tons, with a year-to-date change of +5% [5] Supply and Demand Summary - Weekly production of five major steel products is projected to be around 1,000,000 tons [9] - Daily molten iron production is expected to reach approximately 230,000 tons [9] - The report highlights the operational rates of blast furnaces and electric furnaces, indicating a stable production environment [12][14]