Market Overview - The market experienced a significant decline, with the Shanghai Composite Index dropping by 2.41%, the Shenzhen Component Index by 3.41%, and the ChiNext Index by 4.02% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 1.97 trillion, an increase of 257.5 billion compared to the previous trading day [2] Lithium Battery Sector - The lithium battery sector faced a major adjustment, with key players like Ganfeng Lithium and Tianqi Lithium hitting the daily limit down [4][5] - A collective downturn was observed across the lithium supply chain, including lithium mining, lithium extraction from salt lakes, and battery production [4] Lithium Price Forecast - Daiwa recently released a report expressing a conservative outlook on lithium prices for the upcoming year, predicting a range of 75,000 to 90,000 RMB per ton, indicating limited upward potential from the current level of 85,000 RMB per ton [9] - The report highlighted that demand for lithium is expected to remain weak due to the upcoming Lunar New Year and the global electric vehicle market entering a low season [9] New Stock Listings - A new stock, Dapeng Industrial, saw a dramatic increase of over 1500% at one point during its debut, closing with a gain of 1211% and a total market capitalization of 7.253 billion [20] - Dapeng Industrial specializes in precision cleaning equipment for the automotive and new energy sectors, aligning with the trend of high-quality development in China's manufacturing industry [22][23] Company Announcements - Two companies, Haixia Innovation and Pingtan Development, resumed trading after a suspension for stock price verification, both experiencing a limit down upon resumption [11][12] - Haixia Innovation reported a revenue of 92.06 million RMB for the first three quarters of 2025, a year-on-year increase of 4.75%, while Pingtan Development reported a revenue of 1.03 billion RMB, a year-on-year decrease of 13.04% [15][19]