Core Viewpoint - The company emphasizes its compliance with export regulations and its strategic adjustments to maintain business stability in a changing international environment [1] Group 1: Export Business - The company's export business primarily targets free trade zones or bonded areas, thus not requiring export licenses [1] - Products containing controlled rare earth elements for direct export require dual-use item permits, which the company has obtained to ensure compliance [1] Group 2: Market Strategy - The company is actively adjusting its market strategy and optimizing product structure to mitigate potential risks and maintain stable operations [1] - Continuous monitoring of international developments allows the company to respond flexibly to various challenges [1] Group 3: Risk Management - The company is enhancing its risk control system and strengthening employee training to raise overall risk awareness [1] - These efforts are aimed at establishing a solid foundation for sustainable business development [1]

Group 1: Silicon Industry - The average transaction price of silicon materials has slightly increased, but the growth rate has narrowed compared to the previous period, with 4 to 5 companies signing contracts, mainly concentrated among the top two companies [1] - The slight recovery in polysilicon prices is attributed to the increase in downstream silicon wafer prices and reduced inventory pressure for some wafer companies, leading to a higher acceptance of raw material cost increases [1] - The true market recovery relies on the enhancement of companies' comprehensive competitiveness and the implementation of relevant national standards [1] Group 2: Changjiang Electric Power - Changjiang Electric Power reported a net profit of 12.984 billion yuan for the first half of 2025, representing a year-on-year increase of 14.22% [2] - The total operating revenue reached 36.587 billion yuan, up 5.02% year-on-year, driven by increased power generation from six cascade power stations [2] - The growth in performance indicates stability in the hydropower business, providing a stable expectation for the market [2] Group 3: San Chao New Materials - San Chao New Materials is planning a change in company control and has applied for a stock suspension starting July 31, 2025, for no more than two trading days [3] - The suspension aims to ensure fair information disclosure and protect investor interests, avoiding abnormal stock price fluctuations [3] - There is uncertainty regarding the completion and outcome of the transaction, and the market will await further announcements [3]

Core Points - Thailand's Investment Committee has introduced new policies to support the electric vehicle and electronics manufacturing sectors in response to U.S. tariff policies [1][2] - The new policy aims to enhance the competitiveness of Thai enterprises in the context of a new era of globalization [1] Summary by Categories Policy Measures - The new policy includes significant tax incentives for small and medium-sized enterprises (SMEs) investing in machinery upgrades, automation, digital technology, energy-saving measures, and transitioning to emerging industries [1] - Companies producing electric vehicles and electronics using Thai materials and components will receive additional corporate income tax reductions [1] Trade and Customs Adjustments - To mitigate the impact of U.S. tariffs on certain industries, Thai customs will implement changes in tariff classifications for products in sectors such as automotive parts, electrical appliances, electronics, metal products, and light industries [1] - Investment promotion for low-tech industries, including solar panels, automotive parts, and decorative items, will be suspended [1] - The Investment Committee will also pause promotions for industries facing oversupply, such as hot-rolled steel, thick steel plates, and steel pipes [1] Employment and Foreign Talent - Companies with over 100 employees are required to hire at least 70% local Thai workers to ensure national interests are prioritized [1] - The Investment Committee will set minimum income thresholds for foreign personnel eligible for work permits, with executives required to earn at least 150,000 THB (approximately 4,633 USD) per month and specialists at least 50,000 THB (approximately 1,544.3 USD) per month [2]