On April 16, at the AICE 2025 SMM (20th) Aluminum Industry Conference & Aluminum Industry Expo - Main Forum , hosted by SMM Information & Technology Co., Ltd. (SMM), SMM Metal Exchange Center, and Shandong Aisi Information Technology Co., Ltd., and co-organized by Zhongyifeng Jinyi (Suzhou) Technology Co., Ltd. and Lezhi County Qianrun Investment Promotion Service Co., Ltd., Luo Yu, member of the Standing Committee of the CPC Lezhi County People's Government Committee and Deputy County Magistrate, shared the planning and development of Lezhi County's aluminum industry. Where is Lezhi? The First Stop East of Chengdu · The Golden Section Point of Chengdu-Chongqing ► County Overview Lezhi County is located in the central part of the Chengdu-Chongqing region and is the hometown of Marshal Chen Yi, a founding father of the People's Republic of China. ►Location: Gateway to Chengdu's Eastward Expansion, Hub Connecting Chengdu and Chongqing In terms of location, Lezhi's relationship with Chengdu and Chongqing is similar to Kunshan's with Shanghai and Suzhou, or Dongguan's with Guangdong and Shenzhen. ► Position: Driving High-Quality Integrated Development in the Central Chengdu-Chongqing Region ►Position: A Place Where Multiple National and Provincial Strategies Overlap Lezhi is located at the golden section point of the straight-line distance between Chengdu and Chongqing, and is at the intersection of the Chengdu-Chongqing Twin-City Economic Circle, the Chengdu Metropolitan Area, and the Chengdu Plain Economic Zone, known as the "three-circle overlap." ►Transportation Advantages: A Three-Dimensional Transportation Network Integrating Highways, Railways, and Air Travel Highways: Railways: Lezhi is the only county-level city in China where two high-speed railways with a designed speed of 350 km/h intersect and share a station in a crossover configuration. Aviation: Distances from Lezhi County to nearby airports: 50 km to Tianfu International Airport, 105 km to Shuangliu International Airport, 169 km to Jiangbei International Airport, and 138 km to the newly planned Bishan International Airport. It is at an important node of the main corridor connecting the international airports of Chengdu and Chongqing, offering convenient direct flights nationwide and global connectivity. ►Surrounding Industrial Landscape What does Lezhi do? Concentrating the county's efforts on developing the aluminum-based materials industry ►Focusing on the Development of the Aluminum-Based Materials Industry The overall scale of the domestic aluminum semis market is expanding, with sustained growth in market demand. From a national perspective: In 2024, China's aluminum semis production reached 67.831 million mt, showing continuous growth over the past five years. From a provincial perspective: In 2024, Sichuan Province's aluminum semis production reached 2.5105 million mt, up 20.5% YoY, ranking 9th nationwide. From a demand perspective: The proportion of industrial aluminum extrusion continues to rise, with production reaching 11.49 million mt in 2024, accounting for approximately 44%. The Sichuan and Chongqing region is a key aluminum production area and aluminum processing production site in China. The processed products mainly include aluminum extrusions, aluminum plate/sheet and strip, aluminum rods and wires, and aluminum castings. Benefiting from a relatively complete industrial system, the region also boasts strong end-use consumption capacity for aluminum. However, compared to the capacity and production of aluminum processing, the capacity and production of aluminum in the Sichuan and Chongqing region are insufficient. Taking 2023 as a reference, the region's aluminum processing production was approximately 4.09 million mt, accounting for 8.7% of the national total, while the total aluminum production was only about 1.5 million mt, accounting for 3.53% of the domestic total, making it a net aluminum-importing region. In February 2023, Sichuan and Chongqing jointly formulated and issued the "Work Plan for the Collaborative Development of the Sichuan-Chongqing Aluminum Industry Chain." The plan proposes that by 2025, the output value of the Sichuan-Chongqing aluminum industry should reach 400 billion yuan, a group of leading enterprises and specialized and innovative enterprises should be cultivated, and a top-tier high-end aluminum material manufacturing base in the country should be established, aiming to create the strongest high-end aluminum material manufacturing base nationwide. The two regions will jointly promote the supporting of the industry chain, facilitate green and low-carbon development, build an industrial service system, and collaborate in seven aspects to form an "internal circulation" of aluminum industry enterprises in Sichuan and Chongqing, promoting the coordinated and rapid development of the aluminum industry in the region. In terms of market demand, the Sichuan and Chongqing regions regard the development of the aluminum industry as an important support for building two trillion-yuan industrial clusters in electronic information and automotive industries. ♦Automotive Industry •In recent years, 45 well-known automobile manufacturers, including FAW, Toyota, Changan, Great Wall Motors, Seres, Hyundai, and Lifan, have established operations in Sichuan and Chongqing. •In 2024, the annual automobile production in Sichuan and Chongqing reached 3.43 million units, up 4.1% YoY, accounting for 10.9% of the national total, with an output value exceeding 600 billion yuan. •The automobile ownership in Chengdu and Chongqing both exceeded 6 million units, ranking first and third in the country, respectively. This indicates a robust demand for lightweight aluminum extrusions and other parts in the automotive industry in Sichuan and Chongqing. ♦3C Electronics Industry •As one of the world's largest electronic information manufacturing clusters, the Chengdu-Chongqing region has gathered a large number of upstream and downstream enterprises in the electronic information industry chain. In 2023, the cluster's over 2,000 enterprises above designated size achieved a revenue of 17.1 trillion yuan, accounting for 11.3% of the national total. Two-thirds of the world's iPads, 50% of laptops, 10% of smartphones, and 15% of smart projectors are manufactured in the Chengdu-Chongqing region. This demonstrates that the rapid development of the 3C electronics industry inevitably leads to a huge demand for aluminum heat sinks, aluminum frames, and casings. On July 19, 2024, Lezhi County held the Eighth Plenary Session of the 15th County Party Committee, clarifying that it would rely on the rapidly growing market prospects of NEVs and consumer electronics to focus on developing lightweight aluminum extrusions for automobiles and aluminum extrusion components for 3C electronics, forming automotive parts and electronic information industry clusters, and building a distinctive aluminum-based material industry hub in central Sichuan and Chongqing. ► Fen'an Aluminum's Southwest Base Top 5 Aluminum Extrusion Manufacturers in China Top 10 Leading Aluminum Extrusion Brands in China Top 20 Industrial Aluminum Extrusion Manufacturers in China China Manufacturing Champion Enterprise One of the Largest Aluminum Extrusion Product R&D and Manufacturing Enterprises in China 110 patents, including 46 invention patents The Lezhi Base has an annual production capacity of 200,000 mt of new-type high-end aluminum alloy extrusions Representative Products: What Does Lezhi Offer? We are fully committed to supporting enterprises in investing, establishing businesses, and growing in Lezhi ►Park Platform Approved as a provincial-level economic development zone by the Sichuan Provincial Government in January 2019 Park Overview: Planned area of 11.38 sq km, built-up area of 7.81 sq km, encompassing two parks (Xijiao and Wenfeng), with 230 existing industrial enterprises ►Industrial System 1. Aluminum-Based Materials Industry: Focuses on the finished aluminum semis industry, with a priority on attracting enterprises specializing in lightweight automotive aluminum extrusions and 3C electronic aluminum components. 2. Electronic Information Industry: Primarily attracts electronic information enterprises specializing in electronic components, intelligent terminals, camera modules, and aluminum structural components for 3C electronic products. 3. Smart Logistics Industry: Centered around Shanghai Yunda, focuses on attracting logistics supporting projects such as express delivery, e-commerce logistics, urban and rural distribution, and cold chain warehousing. ►Investment Policies Eight Supportive Policies for the Aluminum-Based Materials Industry 1. Support for Building Industrial Ecosystems and Strengthening Industrial Chains: 20% subsidy for fixed asset investments 2. Support for Public Service Platform Construction: 1 million yuan subsidy 3. Support for Enterprises in Attracting Talent and Maintaining Employment Stability 4. Support for Trade Entity Operations 5. Encouragement of Technological Innovation by Enterprises: Maximum reward of 5 million yuan 6. Support for Enterprise Brand Creation 7. Strengthening Financial Service Support 8. Support for Enterprises in Expanding Markets ►Cost Advantages Costs of Water, Electricity, and Gas Resources ►Cost Advantages ►Service Mechanism We sincerely invite: You to invest and establish businesses in Lezhi, become partners in Lezhi's urban development, and experience the "Lezhi Service" and "Lezhi Efficiency" to achieve optimal development and maximum profits. We solemnly promise: To "be present when needed, not interfere when not, act promptly, and ensure tasks are completed effectively," fully guaranteeing project construction and supporting enterprise development. 》Click to view the special report on the AICE 2025 SMM (20th) Aluminum Industry Conference & Aluminum Industry Expo

The market jumped initially and then pulled back throughout the day, with the three major indices showing mixed changes. Among the stocks that hit the upper limit yesterday, only 3 advanced, while 2 hit the lower limit. The total turnover of the Shanghai and Shenzhen markets reached 1.11 trillion yuan, up 4.55 billion yuan from the previous trading day. On the futures market, the hot topics were scattered, with more stocks rising than falling, and over 2,800 stocks gaining across the market. By sector, power stocks collectively surged, with more than 10 stocks, including Xichang Electric Power, hitting the upper limit. Computing power stocks rebounded, with Tuowei Information hitting the upper limit. The unified market concept stocks once surged, with Changlian Shares hitting the upper limit. On the downside, high-position stocks fell sharply again, with Guofang Group and others hitting the lower limit. At the close, the Shanghai Composite Index fell 0.07%, the Shenzhen Component Index rose 0.39%, and the ChiNext Index rose 0.59%. By Sector On the sector front, the power sector continued its strong performance, with Jiuzhou Group, Huayin Electric Power, Changyuan Electric Power, Hunan Development, Xichang Electric Power, Mingxing Electric Power, and Shaoneng Shares all hitting the upper limit. On the news front, data released today by the National Energy Administration showed that in Q1 this year, China's wind and PV power generation added a combined 74.33 million kW of new installations, bringing the cumulative installed capacity to 1.482 billion kW, surpassing thermal power for the first time. Institutional research reports pointed out that with the introduction of new energy market entry policies, the industry is expected to see four positive developments: stabilization of expected returns, improvement of existing projects, increase in new scale, and resumption of mergers and acquisitions, as well as increased industry concentration. It is recommended to focus on leading enterprises and regional targets with poor or rapidly declining electricity prices. However, it should be noted that the current leading power stocks are relatively speculative, and with the overall sector's full-scale breakout today, some mid-to-lower-tier stocks also showed accelerated gains, which could be seen as a short-term climax signal. It is expected that the divergence in the power sector will intensify next week. The tourism sector strengthened again, with Tianfu Culture & Tourism and Three Gorges Tourism hitting the upper limit, while Zhongxin Tourism, Xi'an Tourism, Guilin Tourism, and Nanjing Commercial Tourism led the gains. On the news front, as the Labour Day holiday approaches, the tourism market continues to heat up. Since this week, online hotel and flight searches have surged significantly, marking the arrival of the booking peak for the Labour Day holiday. Data shows that as of now, the number of bookings for domestic travel during the Labour Day holiday has more than doubled YoY. Among them, the booking increases for self-driving tours, independent travel, and group tours are particularly significant. In addition, the core businesses of online travel platforms, such as hotels and tickets, have seen increases of over 70%. Against the backdrop of rising expectations for policies to expand domestic demand, the market expects service consumption to be one of the key supported directions. The cultural and tourism industry, with its large capacity, wide range, high resilience, and strong driving force, is expected to stand out in the internal rotation of consumption after a short-term correction in the previous days. In the future, attention can still be paid to the low-absorption opportunities of potential beneficiaries in the industry chain, such as hotels, scenic spots, and OTAs. Computing power stocks rebounded, with Tuowei Information, Hongbo Shares, and Tianyu Digital hitting the upper limit, while Maixinlin, Hongjing Technology, and Yunsai Zhilian led the gains. On the news front, Shenzhen released "Striving to Take the Lead and Be a Pioneer in Promoting New Industrialization," stating that it will accelerate the planning and construction of general computing power, intelligent computing power, and supercomputing power around the three elements of artificial intelligence computing power, algorithms, and data, and support enterprises in using computing power, models, and corpora resources at low cost. Tianfeng Securities stated that domestic computing power remains highly prosperous, with a surge in demand for computing power leasing and intelligent computing centers. In 2022, China's intelligent computing power scale was 259.9 EFLOPS, and it is expected to reach 1,117.4 EFLOPS in 2027, with a five-year compound growth rate of 33.9%. High-end computing power resources are scarce, and computing power leasing has a high return rate. In addition, computing power stocks have experienced a long period of consolidation, and the previously high congestion has been basically alleviated. In the future, attention will be paid to whether there are new event-driven catalysts to drive the repair expectations in this direction. By Stock At the stock level, high-position stocks fell sharply again, with Guofang Group, Lifang Pharmaceutical, Shuangcheng Pharmaceutical, Guoguang Chain, and Youfu Shares all hitting the lower limit. In addition, stocks such as Anji Food, Zhongxin Fluoride Materials, and Tianbao Infrastructure also showed obvious pullbacks after hitting the upper limit during the session. As of today's close, the advancement rate of consecutive limit-up stocks was only 20%, with only 3 stocks remaining at 3 consecutive limit-ups or more. As emphasized yesterday, the one-day return of high-position popular stocks does not mean that short-term risks have been completely resolved. Especially in the current environment of existing game play, market divergence remains large, leading to intensified short-term fluctuations in high targets. It is worth noting that the consecutive limit-up speculation has not completely receded. Tianyuan Shares and BBK both advanced to 6 consecutive limit-ups, and it is expected that some high-position stocks will still fluctuate under their influence, but the overall short-term sentiment is still more inclined to recede. Therefore, it is still necessary to remain cautious at this stage and wait for the market to determine a new leading theme with better continuity. Post-Market Analysis Today, the market jumped initially and then pulled back slightly throughout the day, with the three major indices showing mixed changes. At the stock level, although more stocks ultimately rose than fell, the distribution of market hot topics was still scattered and lacked sufficient continuity. The sharp decline in high-position stocks also caused short-term sentiment to weaken again. Overall, the market is still viewed as a weak consolidation pattern. Part of the reason is that the current period is the end of the annual report and Q1 earnings disclosure, and some companies with disappointing or explosive earnings may be announced intensively in the near future. On the other hand, the approach of the Labour Day holiday has also caused the recent market to be somewhat affected by the long holiday effect. Therefore, at this time period, most funds still choose to wait and see, so patience is required to wait for the arrival of the market turning point. Market News Focus 1. The Political Bureau of the CPC Central Committee: Accelerate the Implementation of More Proactive and Effective Macro Policies, and Timely RRR and Interest Rate Cuts Cailian Press, April 25th, the Political Bureau of the CPC Central Committee held a meeting, emphasizing the need to accelerate the implementation of more proactive and effective macro policies, make good use of more proactive fiscal policies and moderately loose monetary policies. Accelerate the issuance and use of local government special bonds and ultra-long-term special treasury bonds. Secure the bottom line of the "three guarantees" at the grassroots level. Timely RRR and interest rate cuts, maintain ample liquidity, and increase support for the real economy. Create new structural monetary policy tools, establish new-type policy financial tools, support technological innovation, expand consumption, and stabilize foreign trade. Strengthen the consistency of policy orientation. 2. The Political Bureau of the CPC Central Committee: Continuously Consolidate the Stable Situation of the Real Estate Market, and Continuously Stabilize and Activate the Capital Market Cailian Press, April 25th, the Political Bureau of the CPC Central Committee held a meeting, pointing out the need to continue to make efforts to prevent and resolve risks in key areas. Continue to implement the local government debt resolution package policy, and accelerate the resolution of local government arrears to enterprises. Strengthen the implementation of urban renewal actions, and promote the renovation of urban villages and dilapidated houses in an orderly manner. Accelerate the construction of a new model for real estate development, increase the supply of high-quality housing, optimize the policy for the acquisition of existing commercial housing, and continuously consolidate the stable situation of the real estate market. Continuously stabilize and activate the capital market.

With Gasgoo Daily, we will offer daily important automotive news in China.

[Lifan Technology: NEV Sales Up 5.17% YoY in 2024] Lifan Technology announced that in December 2024, NEV production reached 2,119 units (up 73.26% YoY), and sales reached 6,065 units (up 112.51% YoY). Cumulative NEV production in 2024 totaled 7,911 units (up 1.68% YoY), and cumulative sales reached 25,800 units (up 5.17% YoY).

【Announcement of Winning Bids for Sodium Battery Project Equipment: Shandong Dingteng's 0.3Gwh Cylindrical 32140 Sodium-ion Battery Project Equipment Tender Results】On August 21, 2024, the announcement of winning bids for the equipment procurement of the 2.3Gwh sodium-ion battery and 300 tons/year cathode material project (Phase I: 0.3Gwh cylindrical 32140 sodium-ion battery project) was released. A total of 8 bid sections were awarded to 7 equipment enterprises, with a total value of 38,013,175 yuan. Anhui Lifan Intelligent Technology Co., Ltd. won 4,120,000 yuan, Dongguan Pengjin Machinery Technology Co., Ltd. won 9,800,000 yuan, Shenzhen Xinyuren Technology won 758,000 yuan, Guangdong Liuyuan Intelligent Equipment won 11,770,000 yuan, Shenzhen Jingjieneng Electronics won 5,590,000 yuan, Huizhou Hongzhaoyang Dehumidification and Purification won 4,529,200 yuan, and Shandong Hansen Electromechanical Equipment won 1,446,000 yuan.

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

On April 15, LIVAN Automobile inked an agreement with iFLYTEK at the latter's headquarters in Hefei, Anhui Province, for their in-depth strategic cooperation in multiple areas.

Zhejiang Jirun agrees to sell, and Geely Qizheng agrees to purchase, a 45% equity stake in Livan Automotive at a cash consideration of 504 million yuan.

During the Spring Festival holiday, the LME metal on the outer disk "rose". London Xi led the way with a 3.85% increase, London copper rose 2.99%, London zinc rose 2.58%, London nickel rose 1.62%, London lead rose 0.88%, and London aluminum fell 0.31%.

Industry "chill and harsh", it is expected that the operating rate of the copper foil industry will hit a new low in February [SMM Analysis]. [SMM Analysis: Industry "chill and harsh", it is expected that the operating rate of the copper foil industry will hit a new low in February] According to SMM research, in January 2024, the operating rate of copper foil enterprises was 58.50%, a decrease of 10.48 percentage points compared with the previous month, and a sharp drop of 22.15 percentage points year-on-year. The operating rate of large enterprises was 60.43%, that of medium-sized enterprises was 50.81%, and that of small enterprises was 62.54%. Among them, the operating rate of electronic circuit copper foil was 65.96%, a decrease of 10.38 percentage points compared with the previous month; the operating rate of lithium battery copper foil was 54.33%, a decrease of 10.3 percentage points compared with the previous month.