Stock Market Positive and Negative News

Macroeconomic News 1. The State Council Information Office held a policy briefing on the afternoon of September 9. Li Jing, Deputy Director of the General Administration of Sport, announced that at the macro level, the goal is to achieve a total sports industry scale exceeding 7 trillion yuan by 2030.

2. On September 9, at a regular press conference held by the State Administration for Market Regulation, spokesperson Wang Qiuping introduced that the administration has promptly interviewed major food delivery platforms regarding recent subsidy disputes, resisting malicious subsidization.

3. Lin Jingzhen, former Party Committee member and Deputy Governor of Bank of China, is suspected of serious violations of discipline and law, and is currently under disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.

Industry News 1. Apple held its autumn launch event, unveiling the iPhone 17 series and the slim Air model. The iPhone 17 starts at $799, while the iPhone Air starts at $999. Apple also released AirPods Pro 3 with AI-supported real-time translation capabilities, priced at $249.

2. Purchasing new Apple devices through installment plans has become a common practice. According to Apple's official website, four institutions including China Merchants Bank support interest-free installment services this year. The Palm Life App shows that from September 10 to December 31, China Merchants Bank credit card holders can enjoy up to 24 interest-free installments when purchasing Apple products through designated channels. Since Apple officially launched installment services in 2013, China Merchants Bank has been its first official website installment partner, continuously providing convenient services for Apple fans.

3. Yesterday, CATL's holding subsidiary Yichun Times New Energy Mining Co., Ltd. held a "Jianxiawo Lithium Mine Resumption Work Meeting" to specifically advance the resumption of the Jianxiawo lithium mine. According to informed sources, resumption is expected soon.

4. In May this year, multiple media outlets reported a data breach incident involving French fashion consumer brand Dior, with users in mainland China also receiving official warning text messages from Dior. In response, cybersecurity departments conducted administrative investigations into Dior (Shanghai) Company according to law. Local public security authorities imposed administrative penalties on Dior (Shanghai) Company in accordance with regulations.

5. According to COMAC, Cambodia National Airlines Limited signed a cooperation memorandum of understanding with Commercial Aircraft Corporation of China Ltd. in Zhengzhou on September 8, planning to purchase 20 C909 aircraft, including 10 confirmed orders and 10 letters of intent.

6. On September 9, relevant business managers from China Mobile revealed that the company is applying for satellite mobile communication business operating licenses to establish a policy foundation for legally compliant direct satellite-to-phone services. The application has entered the review process.

7. Zhang Yunming, Vice Minister of the Ministry of Industry and Information Technology, stated at a State Council Information Office press conference that the ministry will promote high-quality development of the artificial intelligence industry, accelerate high-level empowerment of new industrialization, and research and introduce an AI+ manufacturing special action implementation plan.

8. The Hangzhou Economic and Information Technology Bureau publicly solicited opinions on the "Hangzhou Three-Year Action Plan for Accelerating the Development of Artificial Intelligence Terminal Industry (2025-2027) (Draft for Comments)." It mentions that by 2027, the city's AI terminal industry scale aims to reach 300 billion yuan.

9. The first domestically produced nine-valent HPV vaccine completed its first injection at 499 yuan per dose (excluding vaccination service fees), about 60% cheaper than imported vaccines. The full three-dose course costs no more than 1,500 yuan, while two doses cost less than 1,000 yuan.

10. The Ministry of Industry and Information Technology approved 418 industry standards including "Basic Capability Requirements for Face Information Protection in Face Recognition Systems." It also approved one automotive industry standard amendment for "Automotive Door Exterior Handles" and 16 foreign language versions of industry standards including "Tire Appearance Quality."

11. Morgan Stanley recently released an in-depth research report predicting that by 2040, the proportion of drugs originating from China approved by the U.S. Food and Drug Administration will increase from the current 5% to 35%, generating approximately $220 billion in revenue in markets outside China.

Global Markets 1. Multiple explosions occurred consecutively in Doha, the capital of Qatar, on the 9th. Israel acknowledged launching attacks in Doha, reportedly targeting local Hamas leadership. Hamas confirmed that five members died in Israeli airstrikes, but Khalil Hayya himself was not assassinated.

2. U.S. President Trump stated that the attack was a unilateral decision by Israeli Prime Minister Netanyahu, and he "immediately instructed envoy Witkoff to notify Qatar of the impending attack, although the notification failed to prevent the attack."

3. All three major U.S. stock indices closed higher, with the Dow Jones up 0.43%, S&P 500 up 0.27%, and Nasdaq up 0.37%, all setting new closing highs. Apple, which just released the iPhone 17 series, closed down 1.48%.

4. Most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index up 1.48%. Bilibili rose over 6%, Alibaba over 4%, JD.com over 3%, while NIO and Li Auto rose over 1%.

5. Middle East tensions pushed oil prices higher, with WTI October crude futures closing at $62.63 per barrel, up 0.59%; Brent November crude futures closed at $66.39 per barrel, up 0.56%.

6. Spot gold briefly topped $3,670 overnight, setting a new historical high.

7. French President Macron appointed current Defense Minister Sébastien Lecornu to replace Bayrou as Prime Minister.

8. Oracle surged 27% after hours, with the company expecting cloud infrastructure revenue to grow 77% to $18 billion in fiscal year 2026.

Investment Opportunity Reference CATL Sodium Battery Passes New National Standard Certification According to CATL, on September 5, CATL's sodium battery passed GB38031-2025 "Safety Requirements for Traction Batteries for Electric Vehicles" (referred to as "new national standard") certification, becoming the world's first sodium-ion battery to pass new national standard certification.

In the first half of the year, global sodium battery shipments reached 3.7GWh, a year-on-year increase of 259.0%. Judging from the semi-annual reports of domestic sodium battery-related listed companies, Dangsheng Technology and Xinyubang have made sodium batteries new profit growth points for their companies. The electric new energy team at First Capital Securities believes that sodium-ion batteries have advantages including low cost, high safety, excellent high and low temperature performance, good fast charging performance, and compatibility with existing lithium battery equipment. The industry is currently at a historical inflection point, entering large-scale industrial production, and is expected to grow into a mainstream player capable of influencing the global energy landscape.

Suspension and Resumption 【Suspension】 None

【Resumption】 603359 Dongzhu Landscape

Announcement Summary 【Major Events】 Boyuan Shares: Company's iodide products have not yet achieved sales in the solid-state battery field Boyuan Shares issued an announcement on abnormal stock trading fluctuations, noting recent high market attention to solid-state battery-related concepts. The company's iodide products are currently mainly used in pharmaceuticals, chemicals, optoelectronic materials, feed, food and other fields, and have not yet achieved sales in the solid-state battery field. The company will focus on its main business, actively explore application scenarios in new industrial fields, conduct feasibility studies, and cautiously explore new business areas.

Titan Shares: Newly established subsidiary mainly engaged in R&D and production of solid-state battery lithium sulfur phosphorus chloride electrolyte has not yet formed industrialization and sales revenue Titan Shares issued an abnormal stock trading fluctuation announcement, noting recent high market attention to solid-state battery concepts. As of now, the company's newly established subsidiary is mainly engaged in R&D and production of solid-state battery lithium sulfur phosphorus chloride electrolyte, currently in preparation and construction including project approval and equipment procurement, and has not yet formed industrialization and sales revenue. Investors are advised to make prudent decisions and pay attention to investment risks.

Zhongjin Gold: China National Gold Group Inner Mongolia Mining Co., Ltd. has resumed production Zhongjin Gold announced that China National Gold Group Inner Mongolia Mining Co., Ltd. has resumed production. The suspension does not constitute a significant impact on the company's overall production, operations, and performance.

Taiji Group: Subsidiary obtains clinical trial approval notice for semaglutide injection Taiji Group announced that its wholly-owned subsidiary Taiji Group Chongqing Fuling Pharmaceutical Factory Co., Ltd. recently received a "Drug Clinical Trial Approval Notice" from the National Medical Products Administration for semaglutide injection. Semaglutide is a long-acting human glucagon-like peptide-1 (GLP-1) receptor agonist that can stimulate insulin production, inhibit glucagon secretion, and reduce appetite and food intake, playing an important role in treating type 2 diabetes and assisting weight management.

Jept: Plans to invest 5 million yuan in Suidong Intelligence Jept announced that the company plans to jointly invest in Shenzhen Suidong Intelligence Technology Co., Ltd. ("Suidong Intelligence") with Shenzhen Suiyuan Management Partnership (Limited Partnership) and Hefei Quancunhong Silicon Instrument Management Consulting Center (Limited Partnership), with a total investment of 12 million yuan. The company plans to invest 5 million yuan of its own funds in Suidong Intelligence, subscribing to approximately 56,800 yuan of new registered capital. After completion, the company will hold 5% equity in Suidong Intelligence.

【Performance Review】 Minhe Shares: August commercial chick sales revenue of 86.409 million yuan, up 108.92% month-on-month Minhe Shares announced August sales of 25.5309 million commercial chicks, with year-on-year change of 24.17% and month-on-month change of 7.7%; sales revenue of 86.409 million yuan, with year-on-year change of 27.6% and month-on-month change of 108.92%.

Xiaoming Shares: August chicken product sales revenue of 79.9041 million yuan, up 6.34% month-on-month Xiaoming Shares announced August sales of 21.5903 million chickens with revenue of 79.9041 million yuan, month-on-month changes of 8.34% and 6.34% respectively, year-on-year changes of 0.82% and 11.73% respectively.

New Wufeng: August pig sales volume of 341,400 heads, down 3.83% year-on-year New Wufeng announced August pig business operating data, with pig sales volume of 341,400 heads, down 3.83% year-on-year.

Agile Group: August pre-sales totaled approximately 580 million yuan Agile Group announced on the Hong Kong Stock Exchange that August 2025 pre-sales totaled approximately RMB 580 million, corresponding to a construction area of approximately 66,000 square meters; average price of RMB 8,805 per square meter. For the eight months ended August 31, 2025, total pre-sales were approximately RMB 6.27 billion, corresponding to a construction area of approximately 677,000 square meters; average price of RMB 9,260 per square meter.

【Holdings Changes】 Western Gold: Shareholder Jinyuan Company reduced 1% stake from September 8-9, reduction plan completed Western Gold announced that shareholder Turpan Jinyuan Mining & Metallurgy Co., Ltd. reduced 9.1099 million shares through centralized bidding from September 8-9, representing 1% of total share capital. The reduction plan has been completed. After this reduction, Jinyuan Company holds 54.4901 million shares, with shareholding ratio dropping to 5.98%, triggering the 1% threshold for equity changes.

Shenkeda: Zhou Erqing plans to increase holdings by 2.88-4 million yuan Shenkeda announced that senior management member Zhou Erqing, who currently holds no company shares, plans to increase holdings of company A-shares through centralized bidding, block trading and other methods allowed by the Shanghai Stock Exchange trading system using own or raised funds within 6 months from September 10, 2025, with planned increase amount of not less than RMB 2.88 million and not more than RMB 4 million.

【Refinancing】 Shutaishan: Plans private placement to raise up to 1.253 billion yuan for innovative drug R&D projects Shutaishan announced plans for a private placement to raise up to 1.253 billion yuan for innovative drug R&D projects and to supplement working capital.