Group 1 - The introduction of innovative technologies in the zinc smelting industry is significantly reducing energy consumption by approximately 30% and pollutant emissions by over 40%, enhancing metal recovery rates and achieving both environmental and economic benefits [1] - The production of ultra-high purity metals such as 6N and 7N grade tellurium, cadmium, zinc, and indium is entering mass production, supporting the transition of companies from raw material leaders to strong players in new materials [1] - Traditional industries in Jiyuan are actively innovating and upgrading to improve competitiveness in response to increasing domestic and international competition and environmental constraints [1] Group 2 - Jiyuan Steel has developed a world-first non-exchange electrode (10.4-meter self-consumption electrode) process to produce ultra-pure electric slag steel ingots, addressing the challenges of the steel industry's internal competition [2] - Jinma Energy is establishing a complete hydrogen energy industrial chain, supplying 700 to 800 million cubic meters of hydrogen annually to local petrochemical projects [2] - Wanyuan Group is leveraging selenium resources from industrial by-products to produce selenium products, achieving an annual output value of 15 million yuan [2] Group 3 - Jiyuan is implementing a "1+5+N" strategic layout to enhance high-quality development, focusing on five key areas including building a strong industrial city [3] - The city is deepening technological reforms and establishing a comprehensive innovation system to boost productivity through technological advancements [3] - Jiyuan is actively promoting traditional industry upgrades and implementing policies to support enterprise development through a multi-faceted service system [3] Group 4 - The non-ferrous metal industry cluster in Jiyuan has an annual output value of nearly 200 billion yuan, with steel processing and modern chemical industries also approaching the 100 billion yuan mark [4] - All enterprises in the region have achieved ultra-low emissions, and the output value of the circular economy accounts for over 30% of the total industrial output value [4]

Core Viewpoint - The Panyu District is actively engaged in ecological restoration efforts through the release of aquatic species, with a focus on enhancing biodiversity in the Pearl River system [4][6]. Group 1: Aquatic Species Release Activities - On June 24, the Panyu District held its 2025 aquatic species release event, where over 1.57 million fish and shrimp were released, including species such as grass carp, yellowfin seabream, and white eel [2][3]. - The district has conducted these release activities for 44 consecutive years, emphasizing their importance in ecological restoration and the maintenance of aquatic resources [6]. Group 2: Biodiversity and Ecological Improvement - In the past five years, Panyu District has released over 5.5 million aquatic species, optimizing the variety and quantity of species to enhance local biodiversity [7][8]. - Local species such as yellowfin seabream and shrimp have shown a recovery in population, contributing to the ecological vitality of the Pearl River [8][9]. Group 3: Sustainable Fisheries Development - Panyu District is committed to consolidating and expanding its fisheries development achievements, which include ongoing release activities and initiatives for river protection and water environment management [10][11]. - The district promotes a green and circular development model for its fisheries, aiming for high-quality industry growth [12][13]. Group 4: Innovative Aquaculture Practices - The district has established benchmark models for fishery governance, including various water treatment methods and ecological breeding practices to reduce wastewater discharge [14][15][19]. - Panyu District encourages the adoption of premium aquaculture species and ecological mixed farming to enhance the quality of its fisheries, contributing to the public brand "Panyu Fresh" [18][19].

Report Summary 1) Report Industry Investment Rating No information provided on the industry investment rating. 2) Core View of the Report The report focuses on the fundamentals of industrial silicon and polysilicon, including futures market data, price, profit, inventory, and raw material costs. It also mentions a significant industrial silicon project in Xinjiang and the trend strength of both industrial silicon and polysilicon [2][4]. 3) Summary by Relevant Catalogs Fundamentals Tracking - **Futures Market Data**: For industrial silicon, Si2506 had a closing price of 8,490 yuan/ton, with volume of 382,636 hands and open interest of 146,525 hands. For polysilicon, PS2506 closed at 38,420 yuan/ton, with volume of 236,082 hands and open interest of 44,692 hands [2]. - **Price and Profit**: Industrial silicon prices showed declines in some regions. Polysilicon - N type re - feed material was priced at 39,500 yuan/ton. Silicon factory profits were mostly negative. Polysilicon enterprise profit was - 3.2 yuan/kg [2]. - **Inventory**: Industrial silicon social inventory was 59.6 million tons, and polysilicon factory inventory was 25.7 million tons [2]. - **Raw Material Costs**: Prices of raw materials like silicon ore, washed coal, petroleum coke, etc., had different trends. For example, Xinjiang silicon ore was 440 yuan/ton, and Xinjiang washed coal decreased by 50 yuan/ton compared to T - 5 [2]. Macro and Industry News On May 9th, the 100,000 - ton industrial silicon technological transformation project of Xinjiang Yaoju Silicon - based New Materials Co., Ltd. in Heshuo County started. The project has a total investment of 1.268 billion yuan and is expected to bring significant economic benefits after production [4]. Trend Strength The trend strength of both industrial silicon and polysilicon is - 1, indicating a relatively bearish outlook [4].

Core Viewpoint - The "Precision Denitrification Technology for Magnesium Smelting Industry" has been launched in Fugu County, marking a global innovation that addresses nitrogen oxide emissions in China's magnesium smelting sector [1][2]. Group 1: Industry Context - Shaanxi Province is the largest producer of metallic magnesium globally, maintaining the top position for over a decade, but faces significant challenges related to high nitrogen oxide emissions and environmental pressures during the smelting process [1]. - The technology was developed in response to the clean production needs of the magnesium smelting industry, particularly in northern Shaanxi [1]. Group 2: Technological Innovation - The new denitrification technology is a world-first specifically designed for the magnesium smelting industry, capable of reducing nitrogen oxide emissions by approximately 10,000 tons annually, which represents a 70% reduction in emission levels [1]. - The technology integrates a "dual-section" denitrification solution that eliminates reliance on traditional SCR denitrification methods, with costs controlled between 80 to 90 yuan per ton of magnesium [2]. Group 3: Environmental and Economic Impact - The implementation of this technology is equivalent to creating 20 square kilometers of forest in terms of environmental benefits [1]. - The technology also allows for the recycling of ammonia-containing wastewater, saving approximately 180 million yuan annually in disposal costs, thus promoting a green circular economy in the magnesium smelting industry [2]. - The technology has been successfully applied at Yufeng Magnesium Alloy Co., Ltd., achieving stable operation for over four months with emissions meeting regulatory standards [2].