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Zijin Mining Group plans to invest over ten billion yuan to develop another overseas mine, with an expected annual production of 0.1 million tons of copper and 3.8 tons of gold. | Speed reading announcement
①Zijin Mining Group once again took a major overseas copper-gold mine with an investment of over 10 billion yuan; ②It is expected to produce 0.1 million tons of copper and 3.8 tons of gold per year.
Kweichow Moutai's performance in the first three quarters meets expectations. The timing for interim dividends and buybacks has not been determined yet. | Interpretations
①Kweichow Moutai's third-quarter earnings announced tonight basically meet expectations, with revenue growth exceeding the annual guidance; ②The proportion of direct sales in the first three quarters of this year has declined, which is related to the poor performance of the company's direct sales platform "i Moutai". In the first three quarters, i Moutai achieved a tax-free revenue of 14.766 billion yuan for alcoholic beverages, a slight decrease compared to the same period last year; ③Against the backdrop of current consumer softness, it is highly anticipated whether Kweichow Moutai will lower its operation targets next year.
Hybrid pure electric range up to 400 kilometers! Contemporary Amperex Technology releases new sodium-ion batteries to enhance performance in low-temperature scenarios.
Contemporary Amperex Technology has launched a new product, Xaoyao super mixed battery, the first pure electric vehicle in the world with a range of over 400 kilometers, and features 4C supercharging; Sodium-ion batteries are once again being applied. CAT incorporates sodium-ion battery technology into the Xaoyao super mixed battery, pioneering the lithium-sodium AB battery system integration technology, allowing the battery to discharge in extreme cold conditions as low as minus forty degrees.
Zijin Mining Group: It is expected that the second phase of the Julong Copper Mine will start trial production in the first quarter of 2026, with annual copper production expected to exceed 0.3 million tons | Directly impacting the earnings conference
1. Longfeng Copper Mine Phase II Expansion Project is expected to achieve trial production in the first quarter of 2026; 2. After the completion of the expansion of Phase II, the annual copper production will exceed 0.3 million tons; 3. The company stated that the downward trend in lithium prices will continue in the short term.
Driven by the subsidy for trading in old appliances, the home appliance industry is expected to show strong growth in Q3! november 11 shopping festival-related has become a new starting point for explosive performance.
①Under the consumer goods trade-in policy, the retail sales of household appliances and audio-visual equipment for households of quota-exceeding units increased by 20.5% in September, a significant acceleration of 17.1 percentage points compared to August, with smart home appliances growing at over 30%. ②On the other hand, the real "peak season" for appliance subsidies lies in the november 11 shopping festival-related brought by e-commerce platforms.
Nine joint-stock banks have followed suit today, with seven banks including Everbright and Guangfa announcing a reduction in the deposit benchmark interest rates, with the highest fixed deposit rate cut by 25 basis points.
①The current banks have started a new round of deposit rate cuts, which is of great significance in maintaining interest margins, thereby ensuring the stable operation of commercial banks and increasing the support for financing the real economy continuously. ②This round of bank deposit rate cuts is expected to basically offset the impact of various loan rate cuts on net interest margins.