Core Viewpoint - Yunnan Ge Industry emphasizes the importance of industry forums and exhibitions as key platforms for communication and learning, actively participating to expand business opportunities and understand market dynamics [2]. Group 1 - The company values industry forums and exhibitions as essential for networking and business development [2]. - Participation in these events is aligned with the company's main business activities [2].

Group 1 - The core viewpoint of the news is that Dongfang Tantalum Industry Co., Ltd. experienced a stock price increase of 5.2%, reaching 26.10 yuan per share, with a trading volume of 354 million yuan and a turnover rate of 2.76%, resulting in a total market capitalization of 13.177 billion yuan [1] - Dongfang Tantalum Industry, established on April 30, 1999, and listed on January 20, 2000, is primarily engaged in the research, production, and sales of tantalum, niobium, and beryllium metal and alloy products [1] - The main business revenue composition of Dongfang Tantalum includes 98.36% from tantalum, niobium, and their alloy products, 1.30% from titanium and titanium alloy products, and 0.34% from other sources [1] Group 2 - From the perspective of fund holdings, one fund under China Merchants Fund has a significant position in Dongfang Tantalum, with the "China Merchants Heyue Balanced Pension Three-Year Holding Period Mixed Initiation Fund A" (007660) holding 46,000 shares, accounting for 0.46% of the fund's net value, ranking as the seventh largest holding [2] - The "China Merchants Heyue Balanced Pension Three-Year Holding Period Mixed Initiation Fund A" was established on December 3, 2019, with a current scale of 162 million yuan, achieving a year-to-date return of 13.35% and a one-year return of 13.02% [2] - The fund manager, Zhang Gewu, has a tenure of 6 years and 215 days, with the fund's total asset scale at 1.508 billion yuan, achieving the best return of 42.14% and the worst return of -34.2% during his tenure [2]

Group 1 - The rare metals sector is experiencing adjustments, with the China Rare Metals Theme Index declining as of November 24, 2025, while stocks like Plumbum Technology lead gains [1] - The lithium battery, energy storage, and power grid equipment sectors are benefiting from surging domestic and international demand, becoming a focal point for investment [1] - Strong downstream demand has led to a monthly shortage of lithium carbonate, with supply at approximately 115,000 tons and demand at 128,000 tons, resulting in a shortfall of about 13,000 tons [1] Group 2 - The "14th Five-Year Plan" emphasizes the development and reserve of strategic mineral resources, reinforcing national resource security [2] - The non-ferrous metals industry is expected to enter a bull market driven by monetary, demand, and supply factors, with significant growth opportunities for mining companies [2] - As of October 31, 2025, the top ten weighted stocks in the China Rare Metals Theme Index account for 60% of the index, including companies like Northern Rare Earth and Ganfeng Lithium [2] Group 3 - The Rare Metals ETF (562800) tracks the China Rare Metals Theme Index, providing a convenient tool for investing in the rare metals sector [3] - Investors can also explore investment opportunities in the rare metals sector through the Rare Metals ETF linked fund (014111) [4]

"提前两年完成'十四五'规划地区生产总值目标，2021—2024年，河池GDP年均增长5.36%，2024年 达1404.15亿元，同比增长5.3%，其中一产、二产增速分别居全区第1、2位，工业增速领跑全区……"11 月21日，自治区政府新闻办在广西新闻发布厅举行"高质量完成'十四五'规划"系列主题新闻发布会（第 十八场），介绍河池市"十四五"以来以高质量发展为主题，凝心聚力建设"六新河池"，经济社会发展实 现质的有效提升和量的合理增长，交出了一份厚重提气的发展答卷。 如今的河池，经济发展成色足与生态文化繁荣相得益彰。成功创建自治区级经开区、高新区的同 时，生态环境质量长期位居全国全区前列；作为广西唯一以市为单位的生态产品总值核算试点，该市发 行了广西首批国家储备林林票，实现生态价值有效转化。文化领域"河池作家群"实力凸显，作家东西荣 获茅盾文学奖，凡一平斩获全国少数民族文学创作骏马奖，河池也成功获评全国民族团结进步示范市。 （蓝锋） 扫码看新闻发布会实录 作为西部陆海新通道中线重要节点城市，这份亮眼成绩单的背后，离不开政策赋能的坚实支撑。据 介绍，河池牢牢把握战略机遇，成功获批建设广西首个绿色发展先行试验区 ...

Group 1 - The core viewpoint emphasizes that the formulation and implementation of five-year plans is a significant experience for the Chinese Communist Party and a political advantage of socialism with Chinese characteristics [1] - The upcoming "15th Five-Year Plan" is set against a backdrop of instability and uncertainty in the international environment, with global challenges such as climate change, food security, and trade protectionism [1] - High-quality development is highlighted as a key principle for China's economic and social development during the "15th Five-Year Plan" period, focusing on emerging industries like new energy, aerospace, artificial intelligence, and semiconductors [1][2] Group 2 - The "15th Five-Year Plan" suggests that China will actively expand its openness, promote trade innovation, and enhance bilateral investment cooperation, including measures to attract foreign investment [2] - The establishment of the Hainan Free Trade Port is noted as a significant development, with global attention on how China will welcome foreign investment during the "15th Five-Year Plan" [2] - The action plan for the China-Pakistan community of shared destiny (2025-2029) aims to strengthen political trust, economic ties, and security cooperation, aligning with key development areas mentioned in the "15th Five-Year Plan" [2] Group 3 - The world anticipates a higher quality of development from China, with the "15th Five-Year Plan" expected to gradually meet these expectations [3] - The plan is seen as a pathway for China to achieve new breakthroughs in high-quality development and to advance towards a new stage of socialist construction [3] - An open, efficient, and vibrant China is projected to bring more certainty and development opportunities to the world, which are particularly valuable in the current global context [3]

Market Overview - The A-share market experienced a significant decline, with the Shanghai Composite Index dropping by 2.45%, the Shenzhen Component Index falling by 3.41%, and the ChiNext Index decreasing by 4.02% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.9657 trillion [1] Sector Performance - The media sector showed resilience, with specific ETFs such as Media ETF (159805) and Media ETF (512980) leading the gains [2] - Conversely, rare metals and new energy-related ETFs faced notable declines, with the top 10 ETFs in this category experiencing drops of up to 7.55% [3] Economic Outlook - According to Zheshang Securities, 2026 is expected to be a year of strong economic performance in China, with a focus on technological self-reliance and new productivity cultivation [2] - Shenwan Hongyuan anticipates that the "15th Five-Year Plan" period will be a critical time for comprehensive reform, with nominal GDP recovery expected to improve corporate profitability [2] Lithium Battery Sector - Dongwu Securities predicts that the lithium battery sector will exceed expectations in Q4, with a projected growth rate of 25-30% for 2026 [4] - The sector is expected to see a 10-20% increase in production in Q4, with a year-on-year growth of 30% [4] ETF Activity - The Silver Hua Daily ETF (511880) recorded the highest trading volume at 21.2 billion, followed by other ETFs such as Short-term Bond ETF (511360) and Huabao Tianyi ETF (511990) [5] - The turnover rate for the Korean Semiconductor ETF (513310) was the highest at 108% [5] Upcoming ETF Launches - Two new ETFs are set to launch next week, including the Food ETF (563850), which tracks the CSI All Food Index, and the Bosera Industrial Software ETF (159108), focusing on industrial digital transformation [6][7] - The E Fund Hang Seng Automotive ETF (159121) will also launch, targeting the recovery of the Hong Kong automotive sector and opportunities in new energy vehicles [7]

Group 1: Market Overview - The U.S. government is engaging in productive dialogue with both Ukraine and Russia regarding a potential peace plan, which may influence market sentiment and economic data releases in December [1] - The Shanghai Gold ETF (518600) has seen a net inflow of 326 million yuan over the past 10 trading days, with 8 days of inflows, indicating strong investor interest in gold [1] Group 2: Sector Performance - The non-ferrous metals sector has experienced a decline of 5.26%, with companies like Hanrui Cobalt and Tibet Summit leading the losses [3][7] - The power equipment sector has also seen a drop of 5.17%, with Tianhua New Energy and Haike New Source among the biggest decliners [3][7] Group 3: Investment Insights - Zhongtai Securities is optimistic about a bull market in the non-ferrous metals sector, driven by increasing demand from new energy and AI, predicting continued price increases for copper and aluminum [4] - Guosen Securities highlights investment opportunities in new technologies such as solid-state batteries and virtual power plants, as well as the potential for performance improvement in leading companies through overseas expansion [5] Group 4: Industry Trends - The chemical industry is undergoing a supply-side reform, with leading companies expected to gain market share due to better management and energy control [8] - The China Chemical and Physical Power Industry Association is set to release average cost ranges for the lithium iron phosphate industry to prevent price dumping, indicating a move towards more regulated pricing [7][8]

Market Overview - The A-share market experienced a collective adjustment, with the Shanghai Composite Index down by 1.88%, the Shenzhen Component Index down by 2.72%, and the ChiNext Index down by 3.18% [1] - The total trading volume in the Shanghai, Shenzhen, and Beijing markets reached 13,174 billion yuan, an increase of 2,004 billion yuan compared to the previous day [1] - Over 4,900 stocks in the market declined, indicating a broad market downturn [1] Sector Performance - The lithium battery industry chain saw a significant decline, alongside a collective pullback in computing hardware themes, with memory and CPO sectors leading the losses [1] - The photovoltaic, NVIDIA, stablecoin, consumer electronics, and semiconductor concept stocks also experienced notable declines [1] - The rare metals sector faced severe losses, with rare metals ETFs and funds dropping by 7.05% and 6.99% respectively [4] - The semiconductor sector also fell, with the China-Korea semiconductor ETF down by 6.06% [4] - The new energy sector, represented by the Sci-Tech Innovation New Energy ETF and the Sci-Tech Board New Energy ETF, both dropped by 5.8% [4] ETF Performance - In the ETF market, the Huaxia Fund's soybean meal ETF rose by 0.45%, leading the market [3] - The Bosera Fund's leading home appliance ETF increased by 0.09% [3] - Bond ETFs showed resilience, with the Sci-Tech Bond ETFs from Invesco, Penghua, and Bosera rising by 0.05%, 0.04%, and 0.04% respectively [3]

Group 1 - The rare metals sector is experiencing a pullback as of November 21, 2025, with the China Securities Rare Metals Theme Index declining, led by Tianhua New Energy and followed by Jiangte Electric, Ganfeng Lithium, Tibet Mining, and Shengxin Lithium [1] - Lithium carbonate prices have surged due to significant demand growth in downstream sectors such as energy storage and power batteries, with futures contracts recently surpassing 100,000 yuan/ton, reaching as high as 102,200 yuan/ton on November 20 [1] - The Democratic Republic of Congo has announced a suspension of cobalt exports to address oversupply in the international market, resulting in cobalt prices rising to around 400,000 yuan/ton, aligning with the government's expectations [1] Group 2 - As of October 31, 2025, the top ten weighted stocks in the China Securities Rare Metals Theme Index include Northern Rare Earth, Luoyang Molybdenum, Huayou Cobalt, and others, collectively accounting for 60% of the index [2] - The Rare Metals ETF (562800) tracks the China Securities Rare Metals Theme Index, providing a convenient tool for investing in the rare metals sector [3] - Investors can also explore investment opportunities in the rare metals sector through the Rare Metals ETF linked fund (014111) [4]

Core Insights - As of November 10, 2025, the total number of registered shareholders for the company is 107,333 [2] Company Summary - The company provided an update on its shareholder count in response to investor inquiries on November 20 [2]