Core Viewpoint - Shanghai has introduced the "9.0" version of its action plan for optimizing the business environment, emphasizing a deeper level of iterative upgrades and cultural integration in its approach to creating a world-class business environment [3][5][6]. Group 1: Action Plan Overview - The "9.0" action plan consists of 26 measures organized into four main areas: government services, market competition, industrial ecology, and social governance, highlighting a comprehensive approach to improving the business environment [5][6]. - The plan emphasizes the importance of fostering a culture that respects business and promotes open innovation, aiming to create a supportive social atmosphere for enterprises [5][14]. Group 2: Fairness and Market Competition - A key focus of the "9.0" plan is to establish a fair and just market competition environment, with specific measures to strengthen competition reviews, regulate monopolistic behaviors, and prevent malicious low-bid practices [7][8]. - The plan aims to ensure that all market participants, regardless of size, are treated equally, promoting a stable and predictable competitive environment [8][9]. Group 3: Mechanism and Ecosystem - The "9.0" plan highlights the importance of a good ecosystem, which is derived from effective mechanisms that facilitate government-market relations and internal government processes [10][11]. - The plan includes initiatives to enhance collaboration between different government departments and improve the granularity of policies to reduce bureaucratic flexibility and promote a better market environment [12][13]. Group 4: Details and Cultural Integration - The "9.0" plan emphasizes the significance of details in optimizing the business environment, requiring professionalism and proactive engagement from all levels of government [13][14]. - The integration of cultural elements into the business environment optimization process is seen as essential, with attention to social and public service aspects that contribute to a vibrant and innovative urban atmosphere [14][15].

Group 1: Metal Sector - China Hongqiao's net profit forecast for 2024 is CNY 223.72 billion, with a PE ratio of 8.14[12] - Hualing Steel's net profit is projected to increase from CNY 20.32 billion in 2024 to CNY 28.54 billion in 2025, with a PE ratio of 19.72[12] - Xiamen Tungsten's net profit is expected to rise from CNY 17.28 billion in 2024 to CNY 21.01 billion in 2025, with a PE ratio of 22.97[12] Group 2: Construction and Transportation - Sichuan Road and Bridge's net profit is forecasted to grow from CNY 72.10 billion in 2024 to CNY 82.86 billion in 2025, with a PE ratio of 10.35[12] - YTO Express's net profit is expected to decrease from CNY 40.12 billion in 2024 to CNY 35.39 billion in 2025, with a PE ratio of 13.03[12] - China Merchants Highway's net profit is projected to be CNY 55 billion in 2025, with a PE ratio of 14.56[12] Group 3: Chemical and Energy Sector - Yara International's net profit is expected to rise from CNY 9.50 billion in 2024 to CNY 17.94 billion in 2025, with a PE ratio of 30.56[12] - Funiu Power's net profit forecast for 2025 is CNY 28.95 billion, with a PE ratio of 9.18[12] - Huajin's net profit is projected to recover to CNY 0.92 billion in 2025 after a loss of CNY 27.95 billion in 2024[12] Group 4: Strategic Metals and New Materials - Xiamen Tungsten's strategic metal segments are expected to contribute 79% to profits in 2024, with a focus on tungsten and rare earths[21] - Zhongcai Technology's special glass fiber is projected to see significant demand growth due to AI hardware requirements, with expected profits of CNY 0.2 billion in 2024[30] - The company anticipates a profit contribution from special glass fiber of CNY 7.2 billion by 2026[30]