Core Viewpoint - The strategic cooperation agreement between Yongzhen Co., Ltd. and BYD aims to enhance collaboration in energy storage and aluminum components, leveraging each other's strengths for mutual benefit and exploring new opportunities in emerging fields [1][2][3] Group 1: Strategic Cooperation Agreement - Yongzhen Co., Ltd. and BYD have signed a strategic cooperation agreement focusing on energy storage projects and aluminum components required by BYD [1] - The partnership is based on principles of complementary advantages, mutual development, and resource integration, aiming for a win-win outcome [1][2] Group 2: Research and Development - Both companies will engage in joint research activities to develop competitive system products for the energy storage market and participate in the formulation of industry standards [1][2] Group 3: Supply Chain Collaboration - BYD will provide suitable lithium-ion battery systems and technical support to Yongzhen Co., Ltd. for various energy storage projects, while Yongzhen will supply aluminum components that meet BYD's quality requirements [2] - Both parties will negotiate competitive pricing for their products and services through separate agreements [2] Group 4: Market Cooperation - The companies will leverage their resources to explore and develop products that meet market demands, continuously updating and enhancing their core competitiveness [2] - They will also consider establishing a joint after-sales service system to provide efficient support to customers [2] Group 5: Broader Collaboration - The strategic cooperation is not limited to energy storage and automotive sectors; both companies are open to deeper collaboration in renewable energy fields such as photovoltaics and wind power [2] Group 6: Company Growth and Market Position - This agreement is a significant step for Yongzhen Co., Ltd. in expanding its presence in the renewable energy sector, supporting its growth and enhancing its core competitiveness [3] - Yongzhen Co., Ltd. has become a leading manufacturer of aluminum photovoltaic structural components in China, with a year-to-date stock increase of 12.36% [3]

铸造铝合金产业链周报 国泰君安期货研究所 有色及贵金属组 王蓉（首席分析师/所长助理） 投资咨询从业资格号：Z0002529 王宗源（联系人） 期货从业资格号： F03142619 日期：2025年9月14日 Guotai Junan Futures all rights reserved, please do not reprint Special report on Guotai Junan Futures 铸造铝合金：废铝供应紧缺持续，价格高位震荡 强弱分析：中性 0 1000 2000 3000 4000 5000 6000 0 1 - 0 2 0 1 - 1 4 0 1 - 2 6 0 2 - 0 7 0 2 - 1 9 0 3 - 0 3 0 3 - 1 5 0 3 - 2 7 0 4 - 0 9 0 4 - 2 1 0 5 - 0 6 0 5 - 1 8 0 5 - 3 0 0 6 - 1 1 0 6 - 2 3 0 7 - 0 5 0 7 - 1 7 0 7 - 2 9 0 8 - 1 0 0 8 - 2 2 0 9 - 0 3 0 9 - 1 5 0 9 - 2 7 1 0 - 1 6 1 ...

Core Viewpoint - The article highlights the trend of returning workers in Hubei province, showcasing how individuals who previously sought employment in other regions are now returning to their hometowns to start businesses or find jobs, driven by local policies, industry foundations, and emotional ties to their roots [1][2][4]. Group 1: Return of Workers - Hubei province is experiencing a "returning geese" trend, with many former migrant workers coming back to their hometowns for employment and entrepreneurship [1][2]. - In 2024, Yichang is expected to see an increase of 15,400 returning workers, a year-on-year growth of 20.3% [1]. - The total number of new returning entrepreneurial entities in Hubei in the first half of 2025 exceeded 12,000, directly creating 83,000 jobs, with project revenues growing by 23% year-on-year [1]. Group 2: Employment Opportunities - Returning workers are engaging in various sectors, including manufacturing (automobiles, machinery, clothing) and agriculture (crawfish, mushrooms, livestock), as well as modern services like e-commerce and hospitality [2][5]. - The textile and clothing industry in Tianmen has attracted around 100,000 people back to employment and entrepreneurship over the past three years, creating 160,000 jobs [5]. - In the crawfish industry in Qianjiang, workers can earn over 100,000 yuan annually, while seasonal jobs in processing can yield around 40,000 yuan [6]. Group 3: Supportive Policies - Hubei has introduced a "six subsidies and one benefit" policy package to support returning entrepreneurs, covering rent, loans, social security, and entrepreneurship [10]. - The province aims to cultivate 100 "Jingchu Returning Geese" projects, each receiving 100,000 yuan in funding support [10]. - Local governments are also implementing measures to facilitate returning workers, such as job fairs and skills training programs to match local industry needs [11][12]. Group 4: Economic Impact - The return of workers is expected to create a multiplier effect, with 67.7% of returning entrepreneurs engaging in agriculture, tourism, and textile industries [7][8]. - The article emphasizes the need for Hubei to develop a long-term mechanism to sustain economic growth driven by returning workers, focusing on enhancing public services and creating a supportive environment for entrepreneurship [12][13].