Group 1 - Foshan Fospower Technology Co., Ltd. plans to acquire 100% of Jinyi Co., Ltd. for a total consideration of 5.08 billion yuan, with 400 million yuan paid in cash and 4.68 billion yuan through share issuance [1] - Jinyi Co., Ltd. holds a competitive advantage in the lithium battery wet separator market, with an estimated market share of approximately 18% in China for 2024, ranking second in the industry [1] - The acquisition will allow Foshan Fospower to share R&D results with Jinyi, enhance separator performance and quality, and develop more competitive high-end separator products [2] Group 2 - The transaction will enable Foshan Fospower to enter the lithium battery separator sector, enriching its product portfolio in the new energy field and positioning it as a leading enterprise in high polymer functional film materials [2] - Jinyi Co., Ltd. has shown significant performance improvement, with a sales volume of over 1.6 billion square meters in the first five months of 2025, representing an 88% year-on-year increase [3] - The acquisition is expected to enhance Foshan Fospower's operational capabilities and financial performance by optimizing Jinyi's cost structure and leveraging the advantages of being a listed company [3]

7月24日下午，首单装载岚图汽车的"武汉—厦门""新三样"出海"直通车"，在阳逻国际港铁水联运二期铁路站装箱出发，40余小时后将 抵达厦门远海集装箱码头装上海船出境到欧洲等地。 "武汉—厦门""新三样"出海"直通车"发运现场。 l SEERH i ·7 3H IVI B F ZILL A 据介绍，"武汉—厦门""新三样"货物铁海联运新通道开通后，从出厂到出海环节缩短了5—7天，每箱节约物流费用600元左右，每年可 为企业节约运输成本上亿元。 "武汉—厦门""新三样"出海"直通车"发运现场。 武汉 匿裕辉建设工程有限公司 es Property SChample 近年来，中国的新能源汽车、锂电池、光伏产品等"新三样"产品在全球市场的需求持续攀升，武汉已成为中国出口新能源车的重要基 地，东风、小鹏、小米等多个知名品牌新能源汽车年出口量6万余台。湖北还是重要的锂电池生产基地，荆门亿纬、宜昌宁德时代等是锂 电池出口重要企业。 THOT 6 g the state the state t and NESS E C 3 o tr and and H and 本次合作备忘录聚焦多方面核心内容。一方面，两地海事部门统一标准， ...

"这是在二季度以来国际形势急剧变化、外部压力明显加大的情况下取得的成绩，是一份含金量非常高 的成绩单，充分展示了中国经济的抗压能力和强大韧性，为完成全年目标打下了较好基础。"7月15日， 在国务院新闻办公室举行的新闻发布会上，国家统计局副局长盛来运表示，上半年，我国经济顶住压 力、稳定增长，保持稳中有进、稳中向好的发展态势。 盛来运介绍，上半年，我国国民经济迎难而上、稳中向好，为完成全年目标打下了较好基础。同时，我 国多年来高质量发展大势和实践凝聚了共识、积累了新动能、推进了经济再平衡，提高了经济可持续发 展能力。我国宏观政策协同发力，将为经济稳定运行保驾护航。下半年，尽管存在外部环境的不确定性 和内部结构调整压力较大，但我国经济保持稳定增长仍有支撑，将继续保持稳中有进、稳中向好的发展 态势。 当日，中新社"国是直通车"同步举行2025年中经济形势分析会，多位经济学家围绕最新数据从宏观、消 费、外贸、金融等多个领域进行了解读。 "稳"增长有支撑 "进"步伐更坚定 盛来运表示，2025年以来，国际环境复杂多变、国际经贸秩序遭受重创，不稳定性、不确定性增加，面 对复杂局面，各地区各部门坚持统筹国内经济工作和国际经 ...

根据市场公开信息及7月24日披露的机构调研信息，知名私募辰翔投资近期对1家上市公司进行了调研， 相关名单如下： 1）华盛锂电 （辰翔投资参与公司特定对象调研） 调研纪要：华盛锂电表示，尽管固态电池等新技术可能对现有液态电池有冲击，但多种技术路线将长期 共存，公司也在开发固态电池材料。公司采用液相法制备高纯度硫化锂，该工艺具有纯度高、收率高等 优点。公司年产14,000吨VC、FEC产品，2024年产量和销量均有所增长。公司产品在纯度、色度、水分 等关键指标上有明显优势，并主导起草了相关标准。公司将继续专注于锂电池电解液添加剂的研发和生 产，拓展新材料领域，加大科研投入。 机构简介： 辰翔投资为在中国基金业协会注册备案的私募投资基金管理人，中国基金业协会会员单位，迄今成立十 年，基金牌照化运营七年，具备投顾资质（可向银行、信托、证券、基金等金融机构提供投资建议，沪 深网下双边打新资质）。 长期稳健经营 投资业绩优异：公司成立十年来，累积发行备案管理产品二十 余只，累积参与的金融资产总规模超过178.65亿元，期间未出现任何重大风险性事件。目前，存量管理 产品十余只，存量管理规模10亿元左右，以股票多空策略为主。 ...

Economic Overview - Jiangsu's economy shows a positive trend with a total retail sales of 2.4 trillion yuan, a year-on-year increase of 5% in the first half of the year [1] - The province's total import and export value reached 2.81 trillion yuan, growing by 5.2% compared to the same period last year, driven by both domestic and foreign demand [1] Domestic Demand and Consumption - The "National Subsidy" policy has stimulated a consumption wave, with retail sales of automobiles, home appliances, 3C digital products, and home furnishings reaching 385.72 billion yuan, a year-on-year increase of 9.5% [2] - The "Soo Super" event significantly boosted local consumption, with sales in commercial complexes increasing by 48% and foot traffic rising by 43% during the event [2][3] Major Projects and Foreign Investment - Major projects are pivotal for accelerating growth, with 12 foreign investment projects exceeding 100 million USD established in the first half of the year, ranking first in the country [4] - The establishment of Sylvan's modern breeding center in Huai'an, supported by a 57 million USD investment from KKR, highlights the influx of foreign capital into Jiangsu [4][5] Trade and Market Resilience - Jiangsu's strategy of integrating domestic and international markets has strengthened its economic resilience, with a focus on diversifying export markets [6][7] - The province's exports to countries along the Belt and Road reached 1.39 trillion yuan, a growth of 9.5%, with ASEAN trade increasing by 21.8% [7][8] Logistics and Supply Chain Enhancements - Upgrades in logistics channels, such as the "China-Kyrgyzstan-Uzbekistan" rail service, have reduced transportation costs by 10% for solar components [8] - The launch of multi-modal transport in Yancheng has decreased logistics costs by 30%, enhancing the competitiveness of cross-border e-commerce [8]

1、行情 指数集体放量走强的一天。 题材方面，海南板块开盘爆发，近20股涨停，整个板块逼近涨停板，个股不再赘述； 驱蚊概念股继续走强，彩虹集团缩量一字板全天，拿下2连板；润本股份早盘触及2连板，康芝药业（20CM）、拉芳家化、达安基因涨停，万孚 生物、振东制药、湖南海利、上海家化等盘中均有强势表现； 稀土板块大涨，中科三环、包钢股份、广晟有色涨停，龙磁科技、金力永磁、北方稀土等集体大涨； 锂电池板块震荡走强，铜冠铜箔、西藏矿业、永杉锂业、盛新锂能、天齐锂业先后涨停，华自科技涨超10%，华友钴业、永兴材料、中矿资 源、赣锋锂业、融捷股份等集体大涨； 金融板块午后异动，锦龙股份、中银证券（炸）涨停，国信证券、东吴证券、汇金股份、指南针等集体大涨； 此外，免税、疫苗、检测、有色、影视等集体走强，CPO、银行、黄金等跌幅居前。 截至收盘，沪指、深成指、创业板指分别收涨0.65%、1.21%、1.5%，集体创下年内收盘新高。 我的脸肿了，真的看不懂…… 今天板块纯粹就是资金开盘一点点平推买上去的，真不知道背后又发生了啥。 我唯一能想到的理由就是： 市场超4300股上涨，不足千股下跌，两市成交量超1.8万亿。 2、海南 ...

7月23日， 德赛电池 在湖南长沙召开先 知"芯"觉·全程守护 为主题的主动安全电芯·系统量产全球发布会， 重磅推出数据中心领域专用电芯及 系统解决方案， 护航全球智算高质量发展！ "主动"升级，迎战储能安全强制国标！ 中国建筑标准设计研究院吴晓晖 指出 ， 未来数据中心 正在 呈现 电力依赖性高、成本高、能耗高 等痛点 。 引导新建数据中心与可再生能源 发电等协同布局，提升用电负荷调节匹配能力。鼓励企业自建热量回收系统，用于园区供热、城市供暖、设施农业等 是 当下 数据 中心的 发展 方向 。 其中， 随着 UPS领域 传统铅酸电池逐步被锂电池取代，数据中心 设备的 安全性 也不容忽视 ， 构建 " 算 - 电 -热 " 协同 的 新型 能源 体系 迫在眉睫 。 日前， 两部委 发布 通知， 在 数据中心 等领域 开启强制绿电绿证交易。 而放眼全球， AI人工智能的普及正在引发数据中心领域的能源革 命！为推动数据中心绿色低碳发展，建设光伏储能系统、提高绿色能源应用率成为主流发展趋势。 这也意味着，储能 在 智 算领域 的 风口已 至 ！ " 如何保证输出信号、数据的长期稳定，也是实现主动安全技术的关键之一 ...

Report Overview - The report is the Carbonate Lithium Industry Daily Report on July 24, 2025 [1] 1. Market Data Summary Futures Market - The closing price of the main contract was 76,680 yuan/ton, up 7,300 yuan; the net position of the top 20 was -160,463 lots, down 1,892 lots; the position of the main contract was 436,727 lots, up 74,673 lots; the spread between near and far contracts was 1,500 yuan/ton, up 800 yuan; the warehouse receipts of GZEE were 10,754 lots/ton, up 665 lots [2] Spot Market - The average price of battery - grade lithium carbonate was 70,550 yuan/ton, up 100 yuan; the average price of industrial - grade lithium carbonate was 68,900 yuan/ton, up 100 yuan; the basis of the Li₂CO₃ main contract was -6,130 yuan/ton, down 7,200 yuan [2] Upstream Situation - The average price of spodumene concentrate (6% CIF China) was 0 US dollars/ton, down 730 US dollars; the average price of amblygonite was 6,800 yuan/ton, up 475 yuan; the price of lepidolite (2 - 2.5%) was 1,966 yuan/ton, up 54 yuan [2] Industry Situation - The monthly production of lithium carbonate was 44,100 tons, up 2,000 tons; the monthly import volume was 17,697.62 tons, down 3,448.16 tons; the monthly export volume was 429.65 tons, up 142.92 tons; the monthly operating rate of lithium carbonate enterprises was 52%, up 5 percentage points; the monthly production of power batteries was 129,200 MWh, up 5,700 MWh [2] Downstream and Application - The price of ternary materials (811 - type, China) was 144,000 yuan/ton, unchanged; the price of ternary materials (622 - power - type, China) was 119,000 yuan/ton, unchanged; the price of ternary materials (523 - single - crystal type, China) was 124,000 yuan/ton, unchanged; the monthly operating rate of ternary cathode materials was 51%, down 4 percentage points; the price of lithium iron phosphate was 32,700 yuan/ton, unchanged; the monthly operating rate of lithium iron phosphate cathode was 52%, up 3 percentage points [2] New Energy Vehicle - The monthly production of new energy vehicles was 1,268,000 units, down 2,000 units; the monthly sales were 1,329,000 units, up 22,000 units; the cumulative sales penetration rate was 44.32%, up 0.33 percentage points; the cumulative sales were 6,937,000 units, up 1,993,000 units; the monthly export volume was 205,000 units, down 7,000 units; the cumulative export volume was 1,060,000 units, up 455,000 units [2] Option Situation - The total subscription position was 210,332 lots, up 16,378 lots; the total put position was 89,733 lots, down 2,989 lots; the put - call ratio of total positions was 42.66%, down 5.1436 percentage points; the implied volatility of at - the - money IV was 0.39%, down 0.0014 percentage points [2] 2. Industry News - With the progress of the "anti - involution" in the market, the prices of many commodity futures contracts have fluctuated significantly. On the evening of July 23, GZEE adjusted the price limit range, trading margin standard, trading fee standard and trading limit of relevant futures contracts such as industrial silicon, polysilicon and lithium carbonate [2] - According to the data from Chengdu Customs, in the first half of this year, Chengdu's total foreign trade imports and exports reached 427.47 billion yuan, a year - on - year increase of 9.4%. The import and export scale increased quarter by quarter. The exports of "new three" products increased by 33.6%, among which photovoltaic products and lithium - ion batteries increased by 185% and 204.8% respectively [2] - According to the China Non - Ferrous Metals Industry Association Lithium Industry Branch, in June, the production of lithium carbonate increased, and the production of lithium hydroxide remained basically flat. The production and sales of new energy vehicles continued to grow rapidly, and the installed capacity of power batteries increased year - on - year. The production of lithium salts remained stable, but the inventory increased due to lower sales willingness caused by falling prices [2] - The EU and the US are moving towards an agreement that will set a 15% tariff rate for most products. The EU may prepare a retaliatory tariff plan of up to 93 billion euros with a maximum rate of 30% in case an agreement cannot be reached before August 1 [2] 3. Core Viewpoints - The prices of many commodity futures contracts have fluctuated significantly. GZEE has taken measures to cool down the market and prevent risks [2] - The fundamentals of lithium carbonate may be in a state where the industry expectation has been repaired, but the actual situation is still weak. The industry inventory is accumulating, and more effective demand is needed to drive inventory reduction [2] - In the option market, the subscription position dominates, and the market sentiment is bullish, with the implied volatility slightly decreasing [2] - Technically, the 60 - minute MACD shows that the double lines are above the 0 - axis and the red bars are expanding [2] - The operation suggestion is to conduct light - position trading in a volatile market and pay attention to controlling risks [2]

Core Viewpoint - Hunan Youneng plans to establish an investment company in Singapore and a project company in Malaysia to invest in a lithium battery cathode material project with an annual production capacity of 90,000 tons, totaling an investment of approximately 560 million Malaysian Ringgit, equivalent to about 950 million RMB, with a construction period of 15 months [1]. Group 1 - The project aims to better serve the new energy battery manufacturers in the ASEAN region, potentially reducing international trade friction risks [1]. - The investment is expected to help expand production capacity, enhance the company's global market share, and improve overall competitiveness [1].

Core Viewpoint - The lithium mining sector is experiencing a significant rally, driven by rising lithium carbonate prices and strong market sentiment, particularly in the context of the electric vehicle industry and solid-state battery technology advancements [1][2][4][9]. Lithium Market Dynamics - On July 24, A-shares saw a notable increase, with lithium stocks like Tibet Mining and Yongshan Lithium hitting the daily limit, while others like Ganfeng Lithium and Rongjie shares also surged [1][3]. - The main contract for lithium carbonate futures rose by 7.83% to 77,120 yuan/ton, marking a significant rebound in prices, which have increased over 30% since late June [2][4]. - The average price for battery-grade lithium carbonate increased by 1,350 yuan/ton to 70,450 yuan/ton, while industrial-grade lithium carbonate also saw a similar rise [5]. Regulatory Environment - Recent regulatory actions in Yichun City require lithium mining companies to compile resource verification reports by September 30, raising concerns about potential production halts and contributing to price increases [6][7]. - Cangge Mining announced the suspension of its lithium resource development activities following a notice from local authorities, which could further impact supply dynamics [7]. Global Supply Trends - Prices for lithium spodumene from Australia and Zimbabwe have started to rebound after a period of stagnation, with Australian spodumene priced at $730/ton and Zimbabwean lithium priced at $657.5/ton, reflecting weekly increases of 7.7% and 7.3%, respectively [8]. Battery Industry Outlook - The Chinese automotive battery sector is projected to grow significantly, with a 47.3% year-on-year increase in cumulative battery installation from January to June, driven by the rising demand for electric vehicles [9]. - Solid-state battery technology is gaining traction, with companies like CATL and BYD making progress in development, indicating a potential shift in the battery landscape [10][11]. - The overall demand for lithium batteries is expected to maintain a rapid growth trajectory, supported by advancements in solid-state battery technology and increasing production capacities [10][11].