The three major A-share indices opened higher collectively, with the lithium mining concept leading the decline

36Kr learned that the three major A-share indices opened higher collectively, with the Shanghai Composite Index opening up 0.36%, the Shenzhen Component Index up 0.53%, and the ChiNext Index up 0.9%; optical modules, BC batteries, and Moore Threads concepts led the gains, with Dekoli and Guangku Technology rising over 7%, and ECLICKTECH rising over 5%; lithium mines, aquatic products, and China Shipbuilding Group saw significant declines, with Zhongdazhong Mining and Chengxin Lithium hitting the daily limit down, Rongjie shares falling over 8%, and Guolian Aquatic Products dropping over 6%

Lithium mining stocks opened significantly lower, with Dazhong Mining, JYC, Weiling Co., Ltd., YOUNGY, Chengxin Lithium, Dawei Co., Ltd., Yahua Group, and Guocheng Mining among several stocks hitting the limit down

In the first half of the day, main funds increased their positions in bank stocks and sold off telecommunications stocks

In the morning, the main funds had a net inflow into sectors such as banking, non-ferrous metals, and basic chemicals, while there was a net outflow from sectors like telecommunications, electronics, and power equipment. Specifically, in terms of individual stocks, DZUG, Chengxin Lithium, and FOUNDERTECH saw net inflows of 1.349 billion yuan, 1.249 billion yuan, and 1.172 billion yuan, respectively. On the outflow side, CATL, Zhongji Xuchuang, and Xinyi Technology were sold off for 1.911 billion yuan, 1.606 billion yuan, and 1.113 billion yuan, respectively. (First Financial)

Chengxin’s Shares Stay Subdued Despite Planned Lithium Salt Supply Deal Worth Up to USD2.4 Billion

Chengxin Lithium Group's shares remained subdued despite announcing a potential USD2.4 billion lithium salt supply deal with a strategic investor. The stock [SHE:002240] fluctuated, closing up 1.9% at CNY38.12. The share price has surged 43% since Huayou Holdings announced a 6% stake acquisition. Huayou plans to buy 221,400 tons of lithium salt over five years, with the deal's value potentially reaching CNY17.2 billion. Chengxin's production capacity is 137,000 tons annually, including 60,000 tons in Indonesia.

Chengxin Lithium Inks Five-Year Supply Deal With Huayou Cobalt Parent For Lithium Salt Products

Chengxin Lithium Inks Five-Year Supply Deal With Huayou Cobalt Parent For Lithium Salt Products