Group 1: CPI Trends - In June, the Consumer Price Index (CPI) turned from a decline to an increase of 0.1% year-on-year, while the month-on-month change decreased by 0.1%, narrowing the decline by 0.1 percentage points compared to the previous month [2] - The marginal improvement in CPI is attributed to the rebound in industrial consumer goods prices and the upward pressure on domestic refined oil prices due to external factors [2] - The core CPI, excluding food and energy, rose by 0.7% year-on-year in June, marking a 0.1 percentage point increase from the previous month, the highest in nearly 14 months [3] Group 2: PPI Trends - The Producer Price Index (PPI) decreased by 0.4% month-on-month in June, with the decline remaining consistent with the previous month, although some industry prices showed signs of stabilization and recovery [5] - The year-on-year decline in PPI expanded by 0.3 percentage points compared to the previous month, influenced by seasonal price declines in domestic raw materials and uncertainties in the international trade environment [5] - Certain sectors, such as the manufacturing of gasoline and new energy vehicles, saw a month-on-month price increase of 0.5% and 0.3%, respectively, with year-on-year declines narrowing by 1.9 and 0.4 percentage points [6] Group 3: Consumer Behavior and Policy Impact - The implementation of more proactive macro policies has led to continuous improvement in the economic climate for both manufacturing and non-manufacturing sectors, addressing supply-demand structural issues and boosting the development speed of certain consumer goods and equipment manufacturing industries [4] - The effects of consumption promotion policies have been evident, with prices of durable consumer goods, home textiles, and household appliances rising by 2.0%, 2.0%, and 1.0% year-on-year, respectively [3] - The transition of the consumption market from "scale expansion" to "quality enhancement" is expected to further improve service consumption in culture and sports, driving a rebound in consumer prices [6]

在全球加速向清洁能源转型的背景下，锂作为能源转型的关键支撑元素，重要性愈发凸显。 当前，新能源汽车的渗透率快速攀升，储能市场也在政策推动和技术进步的双重驱动下迎来爆发式增 长，带动锂资源的需求持续上升。 探获4.9亿吨新增资源量 7月8日，湖南省自然资源厅透露，通过创新地质找矿理论，经过长期勘探，湖南省郴州市临武县鸡脚山 矿区已探获超大型蚀变花岗岩型锂矿床，共提交锂矿石量4.9亿吨，氧化锂资源量131万吨。同时，该超 大型矿产伴生铷、钨、锡等多种战略矿产，所有资源均为新增资源量。 大中矿业相关负责人对《证券日报》记者表示："公司正全力加快湖南鸡脚山锂矿项目的建设步伐，不 断深化'铁矿+锂矿'的双主业驱动模式，推动行业绿色升级，助力地方产业发展，向着战略矿产资源核 心供应商稳步迈进。" 上市公司加速落子 作为湖南锂电新能源产业的"前沿阵地"与"动力核心"，湖南省郴州市初步探明氧化锂储量超1200万吨， 坐拥得天独厚的资源优势，打造了"锂矿—料—电池—终端—回收"产业链条。 《证券日报》记者了解到，除大中矿业外，还有多家上市公司已在郴州落子锂电产业，积极布局相关业 务领域。 公开信息显示，据勘探单位湖南省地质院下 ...

Core Viewpoint - The company Xingyuan Material, a leading lithium battery separator manufacturer, is planning to go public in Hong Kong to raise funds for overseas expansion, particularly in Malaysia and the United States, while also establishing a research and development center in Singapore [2][3]. Company Overview - Xingyuan Material specializes in lithium battery separators, which are crucial components that prevent physical contact between electrodes and facilitate ion conduction [2]. - The company claims to be one of the few suppliers to all of the world's top ten lithium-ion battery manufacturers, with a projected global market share of 14.4% in 2024, ranking second in the market [2]. Financial Performance - Despite revenue growth, the company's profitability has been declining, with a projected revenue of 3.541 billion yuan in 2024, up 17.52% year-on-year, but a net profit of 364 million yuan, down 36.87% [4]. - The gross profit margin has decreased from 44.8% in 2022 to a projected 28.1% in 2024, with a further drop to 23.6% in the first quarter of this year, attributed to increased market competition and declining average selling prices [3][4]. Market Dynamics - The company aims to expand its overseas production capacity due to a perceived supply-demand gap in the global market for battery separators, driven by the increasing adoption of electric vehicles [3]. - The competitive landscape in the separator industry is expected to intensify, which has already impacted the company's performance [3]. Industry Trends - The trend of "southbound" financing in the lithium battery sector is notable, with eight companies having submitted IPO applications to the Hong Kong Stock Exchange this year, including Xingyuan Material [4][5].

21世纪经济报道见习记者冉黎黎 北京报道 7月9日，国家统计局发布6月份全国CPI（居民消费价格指数）和PPI（工业生产者出厂价格指数）数 据。其中，CPI同比上涨0.1%，环比下降0.1%；PPI同比下降3.6%，环比下降0.4%。 国家统计局城市司首席统计师董莉娟解读表示，6月CPI同比上涨0.1%，为连续下降4个月后转涨。CPI 由降转涨主要受工业消费品价格有所回升影响。PPI环比下降0.4%，降幅与上月相同。受环比下降及对 比基数变动影响，PPI同比降幅比上月扩大0.3个百分点，但随着各项宏观政策加力实施，部分行业供需 关系有所改善，价格呈企稳回升态势。 前海开源基金首席经济学家、基金经理杨德龙对21世纪经济报道记者表示，6月份我国CPI同比上涨 0.1%，进入正增长区间；核心CPI涨幅创14个月新高，反映出稳增长政策逐步落地，效果逐步显现。 中国民生银行首席经济学家温彬对21世纪经济报道记者表示，CPI将呈现低位温和回升态势，PPI走出负 区间仍需时日。 国家统计局数据显示，2025年6月份，全国居民消费价格同比上涨0.1%。其中，城市上涨0.1%，农村下 降0.2%；食品价格下降0.3%，非食品价 ...

资金博弈推升碳酸锂震荡，供需矛盾制约上行空间 一、日度市场总结 碳酸锂期货市场数据变动分析 主力合约与基差：碳酸锂主力合约7月8日报63880元/吨，较前一日小幅上 涨0.35%。基差继续走弱，现货贴水期货幅度扩大至-1080元，远期供需改 善预期仍存分歧。 持仓与成交：主力合约持仓量单日大幅增加15500手，成交量暴涨155.69% 至54.5万手，创近一周新高，多空资金博弈加剧。 产业链供需及库存变化分析 供给端：短期扰动因素增多。锂盐厂产能利用率环比下降1个百分点至 61.8%，但中期供给放量压力仍存。原料价格维持僵持，锂辉石精矿与锂云 母精矿价格近两周持平。 需求端：边际改善但弹性不足。6月新能源车零售107.1万辆，同比增长 25%，渗透率突破52.7%，终端数据超预期。但传导至正极材料环节有限， 三元材料和磷酸铁锂仅微幅跟涨，电芯价格全线持稳，中游采购仍以长协 为主，零单补库意愿低迷。 库存与仓单：产业链累库压力延续，碳酸锂总库存环比增加1510吨至 138347吨，连续四周攀升。 市场小结 碳酸锂市场短期或延续震荡上行格局，但上行空间仍受供应端过剩的因素 限制。基本面矛盾依然突出，新能源车销量增 ...

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倒计时2天 据湖南省矿产资源调查所总工程师杨齐智介绍"该矿床规模相当于13个大型锂矿，矿体延伸稳定、矿石易选，是名副其实的'白色石油'宝 藏。"锂作为新能源产业的核心原材料，广泛应用于新能源汽车电池、储能系统及核工业领域，此次发现将直接缓解我国锂资源对外依存度超 70%的困境。 除锂资源外，矿区伴生的铷、钨、锡等金属均达中型以上规模。其中，铷是高端光学玻璃、特种合金的关键原料；钨被誉为"工业牙齿"，在 航空航天、硬质合金领域不可替代；锡则是半导体封装、光伏焊带的核心材料。湖南省地质院二级教授许以明指出："多金属共生模式大幅提 升了资源综合利用率，单矿床经济价值预计超千亿元。" 依托这一资源禀赋，郴州市正加速构建"锂矿开采—材料加工—电池制造—回收利用"全产业链。临武县已规划锂电产业园，吸引多家头部企 业签约落地，预计带动投资超500亿元，创造就业岗位2万余个。湖南省自然资源厅表示，将以此次发现为契机，推动形成覆盖湘南地区的战 略性矿产资源集群，助力湖南打造万亿级新能源产业基地。 （来源：矿冶园科技资源共享平台） 往 期 回 顾 2025第五届起点两轮车换电大会 暨轻型动力电池技术高峰论坛 活动主题： 换电之城 ...

金证（上海）资产评估有限公司 关于德力西新能源科技股份有限公司 上海证券交易所： 由德力西新能源科技股份有限公司转来贵所于近日出具的《关于德力 西新能源科技股份有限公司 2024 年年度报告的信息披露监管问询函》（上 证公函〔2025〕0653 号）（以下简称"问询函"）收悉。根据问询函的要求， 对问询函中涉及评估机构的相关问题进行了逐项核查，相关事项回复如下： 问题 4、年报及相关公告显示，前期公司收购致宏精密形成合并商誉 4.07 亿元。致 宏精密 2023 年经营业绩下滑且 2024 年一季度订单量同比持续下滑 54.94%，但因其 2024 年 4 月接单量明显好转，公司未计提商誉减值。致宏精密 2024 年实现营业收入 2.28 亿 元、净利润 0.21 亿元，相较前期预测值，完成率分别仅为 70.15%、18.92%，公司 2024 年对其计提商誉减值 1.64 亿元。相比以前期间，致宏精密 2024 年度商誉减值测试中使 用的预测期营业收入增长率存在上调、预测期利润率明显下调。且在 2024 年致宏精密 营业收入、净利润均下滑的情况下，商誉减值测试报告认为前期下滑趋势已发生扭转。 请公司：（1） ...

专栏：投教学苑Π 上半年市场复盘： 科技与新消费双轮驱动，结构性行情凸显 立足自主可控和新消费，锚定三大核心主线 2025年上半年，A股在内外扰动中走出分化格局，A股市场震荡走高，主要股指均呈上涨态势，万得全 A累计上涨5.83%，但小盘风格显著占优，北证50（+39.45%）、微盘指数（+36.41%）领涨，中证 2000、中证1000均累涨超5%，高弹性资产受到资金追逐。 【2025上半年万得全A上涨5.83%，风格上小盘相对占优】 数据来源：Wind，统计区间为2025.1.1-2025.6.30，指数历史涨跌幅不预示其未来表现。 行业层面，在全球贵金属价格持续走高的背景下，上半年有色金属以18.12%的涨幅位居行业涨幅榜榜 首，银行（+13.10%）、国防军工（+12.99%）分列涨幅前三。DeepSeek技术突破引发AI产业链共振， 人工智能、机器人、数字货币等概念轮番表现，高股息板块（如银行）和科技成长板块形成"哑铃两 端"，成为市场核心主线。 【申万一级行业上半年涨跌幅%】 数据来源：Wind，统计 区间为2025.1.1-2025.6.30，指数历史涨跌幅不预示其未来表现。 下半年展望 主线一 ...

Core Viewpoint - The "2025 New Energy New Materials Innovation Enterprises" award aims to recognize companies that excel in lithium battery materials, showcasing their technological breakthroughs and contributions to industry transformation [2][14]. Group 1: Award Overview - The award was announced during the 2025 High-tech New Energy New Materials Industry Conference held in Sichuan, focusing on "New Materials, New Dynamics, New Ecology" [1]. - The evaluation process included categories such as main materials and supporting innovation, current collectors, powder and fluid auxiliary materials, and solid-state battery materials [2]. Group 2: Evaluation Criteria - **Technological Innovation**: Assessment of breakthroughs in product performance, formulation systems, and process routes that advance industry technology [3]. - **Industrial Implementation**: Examination of whether companies have achieved industrial-scale production or are in collaboration with mainstream battery manufacturers for validation [4]. - **Market Recognition**: Measurement of a company's leading position in niche markets and its broad customer acceptance, reflecting market influence and competitiveness [5]. - **Development Potential**: Evaluation of a company's ability to expand into new scenarios or routes, showcasing future growth possibilities [6]. Group 3: Award Recipients - The awarded companies demonstrated exceptional innovation capabilities and market competitiveness in the new energy materials sector, significantly contributing to technological advancement and industrial upgrading [14]. - The industry looks forward to more companies embracing innovation and breakthroughs to promote the prosperity of the new energy materials sector [15].