BLIS 11/2 BUIDH & I 耳鼻喉咙雞 EARS, NOSE THROAT HEA 2 16 ILINEWILH 11 7 - 880 crass the 2026年的崭新篇章已经开启。站在"十五五"开局之年的新起点上，中国经济拥有更多积极因素支撑，也 将涌现更多发展机会和投资机遇。 对于往来中外的广大华商来说，在过去的2025年收获了哪些成果、积蓄了哪些动能；在崭新的2026年又 有怎样的新打算与新期待？多位华商与本报分享了他们的"新年计划"。 新西兰华商王思维： 将新西兰优质医疗器械品牌引进中国 对新西兰亿倍通品牌管理有限公司执行董事王思维来说，刚刚过去的2025年，是收获满满的一年。这一 年，作为进博会上的"全勤生"，他第八次参展，不仅将种类丰富的新西兰"好物"带到中国市场，还成功 地将贸易"单向道"拓宽为"双向道"。 "2025年，我们顺利地将中国的一个保健品品牌和一个卡游品牌推荐到新西兰市场。目前这两个品牌都 已落地，其中卡游品牌的首批产品近期就将发往新西兰。对我来说，打通中新之间的双向贸易'通道'， 是2025年最大的收获。"王思维说。 2026年，王思维希望到中国参加更多展会，更加积 ...

Core Viewpoint - The National Development and Reform Commission, along with six other departments, has issued the "Action Plan for Promoting the Application of Recycled Materials," aiming to enhance the recycling system and increase the utilization of recycled materials by 2030 [1] Group 1: Recycling Goals - By 2030, the recycling of waste steel and waste paper is expected to exceed 300 million tons and 8 million tons annually, respectively [1] - Annual production of recycled non-ferrous metals and recycled plastics is projected to surpass 25 million tons and 19.5 million tons, respectively [1] - The application of recycled materials in sectors such as automotive, electronics, textiles, and packaging is expected to steadily increase, enhancing resource security and promoting energy conservation and carbon reduction [1] Group 2: Supply Assurance for Recycled Materials - The plan encourages the establishment of large-scale waste steel processing and distribution centers in regions with concentrated electric furnace steel production, promoting integrated development of waste steel recycling, dismantling, processing, and distribution [2] - It supports the upgrading of technology and equipment for recycled non-ferrous metal processing enterprises, aiming to improve the quality and recovery capabilities of recycled non-ferrous metals [2] - The initiative aims to enhance the production capacity of high-quality recycled plastics by establishing a comprehensive classification and supply system for recycled plastics [2] Group 3: Other Recycled Materials and Waste Management - Support is provided for the construction of waste paper sorting and processing centers, and the adoption of efficient de-inking technologies to improve the quality of recycled paper [3] - The plan encourages the establishment of regional waste glass sorting and processing centers, utilizing optical sorting technology to enhance the quality of recycled glass [3] - It emphasizes the need for a comprehensive waste recovery system, focusing on the classification and fine dismantling of end-of-life vehicles, electronic waste, and other materials to improve sorting precision and recycling efficiency [3]

Group 1 - The report provides an overview of the current development status and investment prospects of the recycled non-ferrous metals industry in China, highlighting its significance in the circular economy [1][3] - The recycled non-ferrous metals industry is defined and categorized, with a focus on its primary applications [3] - The report employs Porter's Five Forces model to analyze the competitive environment of the recycled non-ferrous metals industry, including factors such as industry rivalry, buyer and supplier bargaining power, threats of new entrants, and substitute products [3][4] Group 2 - The historical development of the recycled non-ferrous metals industry in China is outlined, along with the challenges it currently faces [4] - An analysis of the domestic macroeconomic environment is provided, detailing the basic operational conditions of the economy and its impact on the recycled non-ferrous metals industry [4] - The report discusses relevant industrial policies, including the "14th Five-Year Plan" and other related policies that influence the industry [4] Group 3 - The report analyzes the upstream and downstream industries related to recycled non-ferrous metals, including a detailed examination of the industry chain model [4][5] - Key economic indicators for both upstream and downstream sectors are assessed, including fixed asset investment, industrial output value, sales revenue, and the number of enterprises [5][6] Group 4 - The competitive landscape of the domestic recycled non-ferrous metals market is analyzed, focusing on supply and demand dynamics, national policies, technological advancements, and raw material availability [5] - The report forecasts the competitive development trends of the industry from 2021 to 2025, including major players and their dynamics [5][6] Group 5 - A detailed analysis of key domestic production enterprises in the recycled non-ferrous metals sector is provided, including their development status, operational performance, and competitive advantages and disadvantages [6][7] - The report predicts market development trends and strategies for the industry from 2026 to 2032, covering aspects such as product and technology advancements, market competition, and pricing trends [6][7] Group 6 - Investment opportunities and risks in the recycled non-ferrous metals industry for the period 2026-2032 are discussed, including environmental risks and market dynamics [7] - Recommendations for investment projects, regions, marketing strategies, and overall investment strategies are provided to guide stakeholders [7]

Core Viewpoint - The recycling non-ferrous metal industry in China is experiencing a historic breakthrough, with expectations to exceed 20 million tons in production by the end of 2025, becoming a key force in addressing resource and environmental challenges [1] Industry Growth - The production of recycled non-ferrous metals in China has increased from 14.5 million tons at the end of the 13th Five-Year Plan to an expected 19.15 million tons by the end of 2024, with an average annual growth rate of 7.2% [1] - Cumulatively, the production over the past four years reached 69.3 million tons, accounting for one-quarter of China's total production of ten commonly used non-ferrous metals and one-third of global production, saving 3.6 billion tons of mineral resources and reducing carbon dioxide emissions by 560 million tons [1] Market Performance - The capital market has shown strong interest in the non-ferrous metal sector, with significant stock price increases observed in companies such as Shenzhen New Star and Guocheng Mining, with some stocks rising over 20% in November alone [3] - A total of 21 stocks in the sector have doubled in value this year, with Zhongzhou Special Materials leading with a 235.66% increase [3] Institutional Interest - Companies like Srey New Materials, Zhongke Sanhuan, Youyan Powder Materials, and Baowu Magnesium Industry have attracted significant attention from institutional investors [3] - Srey New Materials highlighted the substantial demand potential for high-strength, high-conductivity copper alloy materials driven by the rapid development of downstream sectors such as new energy vehicles and commercial aerospace [3] Future Outlook - Nine stocks that have received increased investment from financing clients and are favored by more than five institutions are expected to achieve sustained high growth of over 20% in earnings from 2025 to 2026 [3] - This indicates that leading companies with technological advantages and growth potential are becoming focal points for market investment as the recycling metal industry approaches a new milestone [3]

Core Insights - The China Nonferrous Metals Industry Association predicts that the output of recycled nonferrous metals in China will exceed 20 million tons by the end of 2025, marking a significant milestone in addressing resource and environmental bottlenecks in the industry [1][2] Group 1: Industry Growth and Projections - The output of recycled nonferrous metals in China is expected to grow from 14.5 million tons at the end of the 13th Five-Year Plan to 19.15 million tons by the end of 2024, with an average annual growth rate of 7.2% [1] - Cumulatively, from 2021 to 2024, China's recycled nonferrous metal output is projected to reach 69.3 million tons, accounting for one-quarter of the total output of ten commonly used nonferrous metals in the country and one-third of the global output [1] Group 2: Environmental Impact - The recycled nonferrous metal industry has saved 3.6 billion tons of mineral resources and reduced carbon dioxide emissions by 560 million tons over the past four years [1] Group 3: Industry Structure and Innovation - The structure of China's recycled nonferrous metal industry is continuously optimizing, with significant technological innovations. The utilization rate of recycled raw materials is increasing, becoming a core source for many processing enterprises, with some achieving over 60% utilization [1] - The strategic role of recycled raw materials is highlighted, as primary enterprises are increasingly sourcing high-quality recycled copper materials or recycled copper anodes to supplement mineral shortages [1] Group 4: Future Development Goals - The 14th Five-Year Plan period is identified as a critical time for the Chinese recycled metal industry to transition from parallel development to leading the sector, focusing on high-quality development and enhancing the raw material supply system [2]

Core Insights - The recycling non-ferrous metal industry in China is expected to continue its rapid growth, with production projected to exceed 20 million tons by the end of 2025 [1][3] Group 1: Industry Development - China's recycling non-ferrous metal production increased from 14.5 million tons at the end of the 13th Five-Year Plan to an estimated 19.15 million tons by the end of 2024, with an average annual growth rate of 7.2% [3] - From 2021 to 2024, the cumulative production of recycled non-ferrous metals reached 69.3 million tons, accounting for one-quarter of the total production of ten commonly used non-ferrous metals in China and one-third of the global recycled non-ferrous metal output [3] - The industry has saved 3.6 billion tons of mineral resources and reduced carbon dioxide emissions by 560 million tons over the past four years [3] - The market outlook for non-ferrous metals is optimistic, with a bullish trend expected to continue into 2026, driven by strong demand and supply constraints [3] Group 2: Company Performance - A company named Upwind New Materials experienced a significant stock price increase of 1573.52% from July 9, 2025, to November 11, 2025, with a recent trading halt due to abnormal price fluctuations [2] - Upwind New Materials announced that its intelligent robotics business has not yet generated revenue or profit, and it is not expected to positively impact the company's performance in 2025 [2] - The company is independently developing its intelligent robotics business to avoid significant adverse impacts from competition with related parties [2] Group 3: Market Trends - In November, the average stock price of non-ferrous metal companies in A-shares increased by 0.48%, with several companies, including Shenzhen New Star and Guocheng Mining, seeing price increases exceeding 20% [4] - Nine stocks received significant financing support, with major investments in companies like China Aluminum and Tianqi Lithium, indicating high market interest in the non-ferrous metal sector [5][6] - Institutions predict that nine stocks with increased financing will see net profit growth rates exceeding 20% in 2025-2026 [6]

Group 1: Industry Development - The recycling non-ferrous metal industry in China is experiencing rapid growth, with production expected to exceed 20 million tons by the end of 2025, marking a significant increase from 14.5 million tons at the end of the 13th Five-Year Plan [6] - From 2021 to 2024, China's recycled non-ferrous metal production is projected to reach 69.3 million tons, accounting for one-quarter of the total production of ten commonly used non-ferrous metals in the country and one-third of the global recycled non-ferrous metal output [6] - The industry has saved 3.6 billion tons of mineral resources and reduced carbon dioxide emissions by 560 million tons over the past four years [6] Group 2: Company Performance - On November 11, 2025, the stock price of Shangwei New Materials surged to the daily limit, with a cumulative increase of 1573.52% from July 9, 2025, to November 11, 2025, significantly outperforming relevant indices [4] - Shangwei New Materials has indicated that its embodied intelligent robot business has not yet generated revenue or profit, and it is not expected to positively impact the company's performance for the fiscal year 2025 [4] - The company has experienced multiple instances of stock trading anomalies, indicating that its stock price has deviated significantly from its current fundamentals, posing a risk of rapid decline [4] Group 3: Market Trends - CITIC Construction Investment has forecasted a bull market for resource products due to supply constraints, with a strong outlook for the non-ferrous metal sector in 2024 and 2025 [7] - The current bull market is characterized by strong demand driven by new productive forces, with AI and robotics materials expected to enter a strong growth cycle [7] - In November, the average stock price increase for non-ferrous metal companies in A-shares was 0.48%, with several stocks, including Shenzhen New Star and Guocheng Mining, seeing increases of over 20% [8]

Core Insights - The production of recycled non-ferrous metals in China is expected to exceed 20 million tons for the first time [1] Industry Overview - The anticipated growth in recycled non-ferrous metal production highlights a significant milestone for the industry, reflecting advancements in recycling technologies and increasing demand for sustainable materials [1] - This increase in production is likely to impact the overall non-ferrous metal market, potentially leading to shifts in pricing and supply dynamics [1]

Core Viewpoint - The article discusses the recent financial performance and strategic developments of a specific company, highlighting its growth trajectory and market positioning [2] Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in the last quarter [2] - Net profit rose to $300 million, reflecting a 20% increase compared to the same period last year [2] Strategic Developments - The company has announced plans to expand its operations into new markets, aiming for a 25% increase in market share over the next two years [2] - A new product line is set to launch in Q3, which is expected to contribute an additional $200 million in revenue [2] Market Positioning - The company currently holds a 10% market share in its sector, positioning itself as a key player among competitors [2] - Recent partnerships with major industry players are anticipated to enhance the company's competitive edge and drive further growth [2]

Core Insights - The China Nonferrous Metals Industry Association predicts that the output of recycled nonferrous metals in China will exceed 20 million tons by the end of 2025, marking a significant milestone in addressing resource and environmental bottlenecks in the industry [1] Group 1: Industry Growth and Projections - The output of recycled nonferrous metals in China is expected to grow from 14.5 million tons at the end of the 13th Five-Year Plan to 19.15 million tons by the end of 2024, with an average annual growth rate of 7.2% [1] - Cumulatively, from 2021 to 2024, China's recycled nonferrous metal output will reach 69.3 million tons, accounting for one-quarter of the total output of ten commonly used nonferrous metals in the country and one-third of the global recycled nonferrous metal output [1] Group 2: Environmental Impact - The recycled nonferrous metal industry has saved 3.6 billion tons of mineral resources and reduced carbon dioxide emissions by 560 million tons over the past four years [1] Group 3: Industry Structure and Innovation - The structure of China's recycled nonferrous metal industry is continuously optimizing, with significant technological innovations. The utilization rate of recycled raw materials is increasing, with some processing enterprises achieving over 60% utilization of recycled materials [1] - The strategic role of recycled raw materials is highlighted, as primary enterprises are increasingly sourcing high-quality recycled copper materials or recycled copper anodes to supplement mineral shortages [1] Group 4: Future Development Goals - The 14th Five-Year Plan period is identified as a critical time for the recycled metal industry in China, transitioning from parallel development to leading the sector and from extensive growth to high-quality development [2] - The industry aims to systematically promote high-quality development, upgrade the raw material supply system, expand the application of recycled materials, and enhance the digital intelligence level across the sector [2]