Group 1 - The China Securities New Energy Vehicle Industry Index (930997) has shown a strong increase of 1.28% as of July 22, 2025, with notable gains from stocks such as Yahua Group (002497) up 9.99%, and Funeng Technology (688567) up 7.62% [1] - The New Energy Vehicle ETF (515700) has risen by 1.38%, marking its fifth consecutive increase, with the latest price reported at 1.76 yuan [1] - Over the past week, the New Energy Vehicle ETF has accumulated a rise of 3.52%, ranking it in the top half among comparable funds [1] Group 2 - As of June 30, 2025, the top ten weighted stocks in the China Securities New Energy Vehicle Industry Index include CATL (300750), Huichuan Technology (300124), BYD (002594), and others, collectively accounting for 55.74% of the index [2] - The New Energy Vehicle ETF has several off-market connection options, including Ping An's New Energy Vehicle ETF Connection A (012698), C (012699), and E (024504) [2]

Economic Overview - In July, economic prices increased while volumes decreased, indicating a search for rebalancing in supply and demand, with marginal economic growth expected to slow down[1] - The Producer Price Index (PPI) showed a month-on-month increase, with the year-on-year decline in growth narrowing, primarily driven by the "anti-involution" policy expectations[1][45] Real Estate Market - The sales sentiment in the real estate market weakened, with both month-on-month and year-on-year growth turning negative; the average daily transaction area in 30 major cities decreased by 15.85% compared to June[2][11] - It is anticipated that first-tier city housing prices may stabilize by the end of the year, while second-tier cities may see stabilization by June next year[2][48] Industrial Demand - Industrial demand showed a mild recovery, with the rebar production rate increasing to 43.06%, up 0.87 percentage points from June, while prices slightly decreased by 0.16%[15] - The average operating rate for asphalt plants rose to 32.4%, indicating a recovery in demand, with asphalt inventory decreasing by 7.31%[18] Consumer Behavior - July consumer spending is expected to remain resilient, supported by a surge in tourism during the summer, with domestic tourism projected to exceed 2.5 billion trips, recovering to over 115% of 2019 levels[26] - The average daily subway ridership in major cities increased, reflecting a rebound in travel demand during the summer[23] Risks and Challenges - Potential risks include unexpected intensification of global trade frictions, geopolitical conflicts, and policy effects falling short of expectations[3]

Domestic News - The three departments held a seminar on the electric vehicle industry to promote sustainable development and strengthen industry supervision and self-discipline [4][5] - Chongqing government issued measures to boost consumption, including subsidies for scrapping and replacing old vehicles, and promoting online vehicle registration [6] - Chengdu's electric vehicle ownership reached 1.08 million, accounting for 15.1% of total vehicles, achieving its 2025 target ahead of schedule [7][8] - BMW established a global IT research and development center in Nanjing, marking it as the largest in Asia and the only one in China [9] - Dongfeng Group increased its investment in Lantu Automotive by 1 billion yuan, raising its stake to approximately 79.69% [10] - Land Rover announced a full luxury car tax subsidy policy for specific models purchased within a limited time [11] - Xiaopeng Motors has built over 12,700 self-operated charging piles across 420 cities, aiming for 10,000 charging stations by 2026 [12][13] - Toyota's subsidiary announced a 3.7 billion yuan investment to build a battery factory in Dalian for electric vehicles [14] International News - The UK plans to launch its first autonomous vehicle services in spring 2026, with a focus on regulatory frameworks [15] - Tesla opened its first "Supercharger restaurant" in Los Angeles, allowing customers to charge their vehicles while dining [16] - Stellantis plans to double the production capacity of its Moroccan plant to 535,000 vehicles, increasing electric vehicle output significantly [17] - Tesla's FSD will integrate technology from the Austin Robotaxi project, enhancing its capabilities [18] Commercial Vehicles - The New Energy Commercial Vehicle Industry Technology Innovation Strategic Alliance was established to promote technological innovation and industry integration [21] - Geely's methanol hydrogen technology completed a third round of financing exceeding 200 million USD, focusing on product development and ecosystem construction [22] - The first Chinese diesel engine oil standard was published, enhancing domestic engine performance and reducing maintenance costs [23] - The new Remote Super Energy VAN model was launched in the southern region, gaining significant attention in the industry [24]

据新华社，7月16日召开的国务院常务会议明确提出，要着眼于推动新能源汽车产业高质量发展，针对该产业领域 出现的各种非理性竞争现象，坚持远近结合、综合施策，切实规范新能源汽车产业竞争秩序。 该会议内容释放了清晰信号，针对新能源汽车领域愈演愈烈的非理性竞争，政府将打出"组合拳"强力纠偏。从成本 调查、价格监测到产品生产一致性监督检查，再到对车企支付账期承诺的督促，这标志着中国新能源汽车产业正迎 来从"量"走向"质"的高质量发展新阶段。 会议明确提出，要加强成本调查和价格监测，强化产品生产一致性监督检查，督促重点车企落实好支付账期承诺。 "新能源汽车产业延续快速增长态势，已经成为我国汽车市场的主导力量。但看到成绩的同时，汽车行业出现的一 些问题也不容忽视。"中国汽车工业协会常务副会长兼秘书长付炳锋接受采访时说，要综合治理各种非理性竞争现 象，坚决维护公平有序的市场环境，推动行业健康、可持续发展。 矫正畸形反内卷 中国新能源汽车产业在电动化、智能化的双重驱动下实现了蓬勃发展。据中国汽车工业协会最新发布的数据显示， 2025年上半年，我国新能源汽车产销量分别为696.8万辆和693.7万辆，同比分别增长41.4%和40 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The lithium carbonate futures main contract showed a weekly oscillatory and slightly stronger trend, with a weekly increase of 8.84% and an amplitude of 10.39%. The main contract was quoted at 69,960 yuan/ton [5]. - The macro - level policy focuses on promoting the high - quality development of the new energy vehicle industry and standardizing its competition order. In terms of fundamentals, the supply expectation of lithium carbonate has been repaired due to the mine rectification, and there are hedging opportunities in the futures market, with the lithium ore price rising accordingly. However, the demand side is still mainly for rigid consumption, and the spot market trading is light. The industrial inventory is at a high level and slightly accumulating [5]. - Overall, the lithium carbonate market is in a state where the expectation is repaired but the actual situation is still weak. More effective demand is needed to drive inventory reduction [5]. 3. Summary by Directory 3.1 Week - to - Week Summary - **Market Performance**: The lithium carbonate main contract was oscillatory and slightly stronger. The closing price was 69,960 yuan/ton, with a weekly increase of 5,680 yuan/ton [5][11]. - **Fundamentals**: The supply expectation was repaired due to mine rectification, but the actual supply might decrease. The demand was mainly rigid, and the inventory was high and accumulating [5]. - **Strategy**: Light - position oscillatory trading is recommended, and attention should be paid to trading rhythm and risk control [6]. 3.2 Futures and Spot Market - **Futures Price**: As of July 18, 2025, the closing price of the lithium carbonate main contract was 69,960 yuan/ton, with a weekly increase of 5,680 yuan/ton. The near - far month inter - period spread was - 80 yuan/ton, with a weekly increase of 1,060 yuan/ton [11]. - **Spot Price**: As of July 18, 2025, the average price of battery - grade lithium carbonate was 66,650 yuan/ton, with a weekly increase of 2,900 yuan/ton. The main contract basis was - 3,310 yuan/ton, with a weekly decrease of 2,780 yuan/ton [15]. 3.3 Upstream Market - **Lithium Spodumene**: As of July 18, 2025, the average price of lithium spodumene concentrate (6% - 6.5%) was 708 US dollars/ton, with a weekly increase of 12 US dollars/ton. The US dollar - RMB spot exchange rate was 7.1796, with a weekly increase of 0.03% [19]. - **Lithium Mica**: As of July 18, 2025, the average price of phospho - lithium - aluminum stone was 5,825 yuan/ton, with a weekly increase of 425 yuan/ton. The average price of lithium mica (Li₂O: 2.0% - 3%) was 1,781 yuan/ton, with a weekly increase of 45 yuan/ton [24]. 3.4 Industry Situation - **Supply Side**: As of May 2025, the monthly import volume of lithium carbonate was 21,145.78 tons, a decrease of 7,190.11 tons from April, a decline of 25.37% and a year - on - year decline of 13.92%. The monthly export volume was 286.735 tons, a decrease of 447.55 tons from April, a decline of 60.95% and a year - on - year increase of 34.96%. As of June 2025, the monthly output was 44,100 tons, an increase of 2,000 tons from May, an increase of 4.75% and a year - on - year increase of 5%. The monthly operating rate was 43%, a month - on - month decline of 5% and a year - on - year decline of 32% [30]. - **Demand Side** - **Hexafluorophosphate Lithium**: As of July 18, 2025, the average price was 49,250 yuan/ton, with a weekly decrease of 500 yuan/ton. As of June 2025, the monthly output of electrolyte was 161,150 tons, an increase of 2,650 tons from May, an increase of 1.67% and a year - on - year increase of 35.25% [33]. - **Lithium Iron Phosphate**: As of the latest data this week, the average price was 30,450 yuan/ton, with no weekly change. As of June 2025, the monthly output of lithium iron phosphate cathode materials was 203,300 tons, a decrease of 6,800 tons from May, a decline of 3.24% and a year - on - year increase of 31.16%. The monthly operating rate was 52%, a month - on - month increase of 3% and no year - on - year change [37]. - **Ternary Materials**: As of June 2025, the monthly output was 59,000 tons, a decrease of 6,200 tons from May, a decline of 9.51% and a year - on - year increase of 13.46%. The monthly operating rate was 51%, a month - on - month decline of 4% and a year - on - year decline of 4%. As of the latest data this week, the prices of ternary materials 811, 622, and 523 remained stable [40]. - **Lithium Manganate**: As of June 2025, the monthly output was 10,800 tons, a decrease of 300 tons from May, a decline of 2.7% and a year - on - year increase of 61.19%. As of the latest data this week, the average price was 28,500 yuan/ton, with no weekly change [45]. - **Lithium Cobaltate**: As of June 2025, the monthly output was 12,400 tons, a decrease of 700 tons from May, a decline of 5.34% and a year - on - year increase of 58.97%. As of the latest data this week, the average price was 220,000 yuan/ton, with no weekly change [48]. - **Application Side** - **New Energy Vehicles**: As of June 2025, the penetration rate of new energy vehicles was 44.32%, with a month - on - month increase of 0.33% and a year - on - year increase of 9.12%. The monthly output was 1,268,000 vehicles, a month - on - month decrease of 0.16%; the monthly sales volume was 1,329,000 vehicles, a month - on - month increase of 1.68% [50]. - **New Energy Vehicle Exports**: As of June 2025, the cumulative export volume of new energy vehicles was 1.06 million, a year - on - year increase of 75.21% [56]. 3.5 Options Market - According to the option parity theory, the premium of the synthetic underlying asset is 0.07, indicating a positive arbitrage opportunity. Based on the performance of option at - the - money contracts and the fundamental situation, it is recommended to build a long straddle option to bet on increasing volatility [61].

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - The fundamentals of Shanghai copper may be in a situation of both supply and demand increasing. The industrial inventory, although accumulating, is still in a low - level range, and the consumption expectation is positive. The option market sentiment is bullish, with a slightly decreased implied volatility. It is recommended to conduct light - position oscillating trading and pay attention to controlling the rhythm and trading risks [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main futures contract of Shanghai copper was 77,840 yuan/ton, down 140 yuan; the price of LME 3 - month copper was 9,599.50 dollars/ton, down 35.50 dollars. The spread between different months of the main contract was 20 yuan/ton, down 10 yuan. The position of the main contract of Shanghai copper was 153,791 hands, down 6,666 hands. The position of the top 20 futures holders of Shanghai copper was - 4,039 hands, up 4,268 hands. The LME copper inventory was 121,000 tons, up 10,525 tons. The inventory of cathode copper in the Shanghai Futures Exchange was 81,462 tons, down 3,127 tons. The LME copper cancelled warrants were 12,325 tons, down 300 tons. The warehouse receipts of cathode copper in the Shanghai Futures Exchange were 42,139 tons, down 2,856 tons [2] 3.2 Spot Market - The price of SMM 1 copper spot was 78,020 yuan/ton, down 40 yuan; the price of Yangtze River Non - Ferrous Market 1 copper spot was 78,035 yuan/ton, down 70 yuan. The CIF (bill of lading) price of Shanghai electrolytic copper was 66 dollars/ton, unchanged. The average premium of Yangshan copper was 51 dollars/ton, down 2.50 dollars. The basis of the CU main contract was 180 yuan/ton, up 100 yuan. The LME copper premium (0 - 3) was - 64.49 dollars/ton, down 16.22 dollars [2] 3.3 Upstream Situation - The import volume of copper ore and concentrates was 239.52 million tons, down 50.98 million tons. The rough smelting fee (TC) of domestic copper smelters was - 43.79 dollars/kiloton, up 0.46 dollars. The price of copper concentrates in Jiangxi was 68,320 yuan/metal ton, down 70 yuan; the price in Yunnan was 69,020 yuan/metal ton, down 70 yuan. The processing fee of blister copper in the south was 800 yuan/ton, unchanged; in the north was 750 yuan/ton, unchanged [2] 3.4 Industry Situation - The output of refined copper was 1.302 billion tons, up 0.048 billion tons. The import volume of unwrought copper and copper products was 464,000 tons, up 34,000 tons. The social inventory of copper was 418,200 tons, up 4,300 tons. The price of 1 bright copper wire in Shanghai was 54,790 yuan/ton, down 100 yuan; the price of 2 copper (94 - 96%) in Shanghai was 66,950 yuan/ton, down 50 yuan. The ex - factory price of sulfuric acid (98%) of Jiangxi Copper was 600 yuan/ton, unchanged [2] 3.5 Downstream and Application - The output of copper products was 2.2145 billion tons, up 0.1185 billion tons. The cumulative completed investment in power grid infrastructure was 203.986 billion yuan, up 63.169 billion yuan. The cumulative completed investment in real estate development was 4,665.756 billion yuan, up 1,042.372 billion yuan. The monthly output of integrated circuits was 4,505,785,400 pieces, up 270,785,400 pieces [2] 3.6 Option Situation - The 20 - day historical volatility of Shanghai copper was 9.96%, down 0.27%; the 40 - day historical volatility was 9.12%, down 0.17%. The implied volatility of the at - the - money option in the current month was 10.15%, down 0.0065. The call - put ratio of at - the - money options was 1.62, up 0.0102 [2] 3.7 Industry News - The State Council Premier Li Qiang chaired a State Council executive meeting. The National Committee Chairman Wang Huning emphasized the importance of expanding domestic demand. From July 1 - 13, the retail sales of the national passenger car market were 571,000 vehicles, with a year - on - year increase of 7% and a month - on - month decrease of 5%. The retail sales of the new - energy passenger car market were 332,000 vehicles, with a year - on - year increase of 26% and a month - on - month decrease of 4%. The US PPI in June was flat month - on - month. The Fed's "Beige Book" showed a slight increase in economic activity [2]

Core Viewpoint - The conference held on July 14 aimed to establish a first-class battery industry platform led by central enterprises, focusing on collaboration among various partners to build an integrated industrial ecosystem [1][10]. Group 1: Conference Highlights - The conference was attended by key officials including Tianjin municipal leaders and representatives from various institutions, emphasizing the importance of collaboration in the battery industry [1][11]. - A total of over 40 partnerships were signed to enhance the production, learning, research, and application ecosystem [1][10]. Group 2: Company Development and Strategy - Liu Yigong expressed gratitude towards various stakeholders and highlighted the need for China FAW to seize opportunities, accelerate innovation, and deepen cooperation to foster a new ecosystem for industry integration [5]. - The company aims to leverage technology to produce strategic and original results, reform to create a new model of professional integration, and build a talent base in the power battery industry [5]. Group 3: Technological and Collaborative Initiatives - The conference included the unveiling of the headquarters and innovation research institute of China Automotive New Energy, indicating a commitment to technological advancement [3][7]. - A technology committee was established, with experts receiving appointments to enhance the technological capabilities of the company [8].

Report Summary 1. Report Industry Investment Rating - The report does not provide an industry investment rating. 2. Core Viewpoints - The spot price of lithium carbonate has increased with the improvement of industry expectations, driving up the quotation of lithium ore prices, and the hedging opportunities in the futures market have also increased the demand for raw materials from lithium salt plants. However, the industry's supply is still under pressure, with high inventory levels, and downstream inventory - building willingness is relatively cautious. Therefore, current lithium price trading should be treated with caution. - Technically, the 60 - minute MACD shows that the double - lines are above the 0 - axis, and the red bars are slightly converging. - The recommended operation is to lightly short at high prices and pay attention to controlling risks in trading rhythm. [2] 3. Summary by Directory Futures Market - The closing price of the main contract is 66,660 yuan/ton, up 180 yuan; the net position of the top 20 is - 115,519 hands, down 30,622 hands; the position volume of the main contract is 342,146 hands, down 14,015 hands; the spread between near - and far - month contracts is 760 yuan/ton, up 820 yuan; the Guangzhou Futures Exchange warehouse receipt is 11,203 hands/ton, down 1 hand. [2] Spot Market - The average price of battery - grade lithium carbonate is 64,900 yuan/ton, up 250 yuan; the average price of industrial - grade lithium carbonate is 63,300 yuan/ton, up 250 yuan; the basis of the Li₂CO₃ main contract is - 1,760 yuan/ton, up 70 yuan. [2] Upstream Situation - The average price of spodumene concentrate (6% CIF China) is 698 US dollars/ton, unchanged; the average price of amblygonite is 5,450 yuan/ton, down 50 yuan; the price of lepidolite (2 - 2.5%) is 1,759 yuan/ton, unchanged. [2] Industry Situation - Lithium carbonate production is 42,100 tons per month, down 5,800 tons; imports are 21,145.78 tons per month, down 7,190.11 tons; exports are 286.74 tons per month, down 447.55 tons; the enterprise operating rate is 47%, down 6 percentage points. The production of power batteries is 129,200 MWh per month, up 5,700 MWh. [2] Downstream and Application Situation - The operating rate of ternary cathode materials is 55%, up 2 percentage points; the operating rate of lithium iron phosphate cathode is 49%, up 2 percentage points. The monthly production of new energy vehicles is 1,268,000 units, down 2,000 units; the monthly sales are 1,329,000 units, up 22,000 units; the cumulative sales penetration rate is 44.32%, up 0.33 percentage points; the monthly export volume is 205,000 units, down 7,000 units. [2] Option Situation - The total subscription position is 155,979 contracts, up 22,108 contracts; the total put position is 60,607 contracts, up 8,513 contracts; the put - call ratio of total positions is 38.86%, down 0.0577 percentage points; the at - the - money IV implied volatility is 0.29%, up 0.0460 percentage points. [2] Industry News - In the first half of the year, 5.622 million new - energy vehicles were newly registered in China, a year - on - year increase of 27.86%, accounting for 44.97% of newly registered vehicles. - An A - share lithium mining enterprise executive said that the company's focus has shifted to cost reduction and control, and the current lithium price is still below most manufacturers' break - even lines. - The global power battery installed capacity increased by 110% year - on - year, and overseas shipments accounted for 30%. [2]

Group 1 - Global sales of electric and plug-in hybrid vehicles reached 1.8 million units in June, representing a 24% increase year-on-year [1] - The end of inventory destocking in the industry is expected to reverse the declining profitability in the materials sector for 2023-2024, with the European market poised for a second growth phase and the domestic market likely to maintain high growth driven by extended-range passenger vehicles and pure electric commercial vehicles [1] - As of July 15, 2025, the CSI New Energy Vehicle Industry Index (930997) fell by 0.29%, with mixed performance among constituent stocks, including a 3.18% increase in Defu Technology (301511) and a 4.22% decline in Shengxin Lithium Energy (002240) [1] Group 2 - The management fee for the New Energy Vehicle ETF is 0.15%, and the custody fee is 0.05%, making it the lowest among comparable funds [2] - The CSI New Energy Vehicle Industry Index closely tracks the performance of 50 listed companies involved in the new energy vehicle sector, reflecting the overall performance of leading companies in the industry [2] - As of June 30, 2025, the top ten weighted stocks in the CSI New Energy Vehicle Industry Index accounted for 55.74% of the index, including companies like CATL (300750) and BYD (002594) [2]

Core Viewpoint - The article summarizes significant announcements from various listed companies in the Shanghai and Shenzhen stock markets, highlighting changes in control, major asset acquisitions, and performance forecasts for the first half of 2025. Group 1: Control Changes and Stock Suspension - Yangdian Technology is planning a change in control, leading to a stock suspension starting July 14, 2025, for up to 2 trading days [3] - Yuanli Co. is also planning to acquire control of Fujian Tongsheng New Materials Technology, resulting in a stock suspension starting July 14, 2025, for up to 10 trading days [5] - Kanghua Bio is planning a change in control, with stock suspension starting July 14, 2025, for up to 2 trading days [6] - Fuda Alloy is planning to acquire at least 51% of Guangda Electronics, which constitutes a major asset restructuring but will not change the actual controller [7] Group 2: Performance Forecasts - Limin Co. expects a net profit of 260 million to 280 million yuan for H1 2025, a year-on-year increase of 719.25% to 782.27% due to rising sales and prices [9] - Zijin Mining anticipates a net profit of approximately 23.2 billion yuan for H1 2025, a year-on-year increase of about 54% [10] - Chunqiu Electronics forecasts a net profit of 90 million to 110 million yuan for H1 2025, an increase of 236.05% to 310.72% [11] - Jinqilin expects a net profit of around 106 million yuan for H1 2025, a year-on-year increase of 222.36% [12] - Beihua Co. anticipates a net profit of 98 million to 111 million yuan for H1 2025, a year-on-year increase of 182.72% to 220.23% [14] - Guojin Securities expects a net profit of 1.092 billion to 1.137 billion yuan for H1 2025, a year-on-year increase of 140% to 150% [15] - Jiu Yuan Silver Sea forecasts a net profit of 26.49 million to 32.25 million yuan for H1 2025, a year-on-year increase of 130% to 180% [16] - Lankai Technology expects a net profit of 1.1 billion to 1.2 billion yuan for H1 2025, a year-on-year increase of 85.5% to 102.36% [17] - Changcheng Securities anticipates a net profit of 1.335 billion to 1.407 billion yuan for H1 2025, a year-on-year increase of 85% to 95% [18] - Weilan Lithium Core expects a net profit of 300 million to 360 million yuan for H1 2025, a year-on-year increase of 79.29% to 115.15% [19] - Yinlong Co. forecasts a net profit of 161 million to 181 million yuan for H1 2025, a year-on-year increase of 60% to 80% [21] - Aopumai expects a net profit of approximately 37 million yuan for H1 2025, a year-on-year increase of 53.28% [22] - Bailong Dongfang anticipates a net profit of 350 million to 410 million yuan for H1 2025, a year-on-year increase of 50.21% to 75.97% [23] - Shanghai Electric expects a net profit of 1.754 billion to 2.087 billion yuan for H1 2025, a year-on-year increase of 32.18% to 57.27% [24] - Huazhong Securities expects a net profit of 1.035 billion yuan for H1 2025, a year-on-year increase of 44.94% [25] - Bailong Chuangyuan anticipates a net profit of 171 million yuan for H1 2025, a year-on-year increase of 42.68% [26] - Chengyi Pharmaceutical expects a net profit of 107 million to 119 million yuan for H1 2025, a year-on-year increase of 40% to 55% [27] - Jinhai Biological anticipates a net profit of 127 million to 141 million yuan for H1 2025, a year-on-year increase of 40% to 55% [28] - Kanda New Materials expects a net profit of 50 million to 55 million yuan for H1 2025, turning from loss to profit [29] - China Shenhua expects a net profit of 23.6 billion to 25.6 billion yuan for H1 2025, a year-on-year decrease of 8.6% to 15.7% [30] - ST Songfa anticipates a net profit of 580 million to 700 million yuan for H1 2025, turning from loss to profit [31] - Chengxing Co. expects a net profit of 16 million to 23 million yuan for H1 2025, turning from loss to profit [33] - Ningbo Fubon anticipates a net profit of 8 million to 12 million yuan for H1 2025, turning from loss to profit [34] - ST Yundong expects a loss of 100 million to 150 million yuan for H1 2025, worsening from the previous year [35] - Kairuide expects a loss of 15 million to 22 million yuan for H1 2025, turning from profit to loss [36] Group 3: Shareholding Changes - Defu Technology's shareholders plan to reduce their holdings by up to 4.04% [38] - Jinzhen Co.'s shareholders plan to reduce their holdings by up to 3.04% [39] - Shikong Technology's shareholder plans to reduce their holdings by up to 3% [40] - Qilu Bank's shareholder plans to reduce their holdings by up to 1.1% [41] - Zhongci Electronics' shareholder plans to reduce their holdings by up to 1% [42] - Jiamei Packaging's shareholders plan to reduce their holdings by up to 1% [43] - Saike Xide's shareholder plans to reduce their holdings by up to 1% [44] - Gongda High-tech's general manager plans to reduce their holdings by up to 0.3424% [46] - Qingyuan Co.'s shareholder plans to reduce their holdings by up to 273,800 shares [47] Group 4: Major Contracts - Dashijiang expects to win a procurement project worth 122 million yuan [49] - Robotech signed significant daily operational contracts worth approximately 14.18 million USD [50]