[SMM Metal Breakfast] Metal fell across the board * SS stainless steel contract hit a two-year high * magnesium price continues to rise * * Regulatory measures to curb speculation in iron ore futures

"[solemnly held today! 2021 notice of the 16th China International Aluminum processing Summit

"[overnight market] the outer disk generally fell, most of them fell by more than 1%. The strength of the US dollar weakens the trend of base metals.

"[macro outlook] focus on the number of initial jobless claims in the United States and PPI data

Metals fell on Wednesday. Yesterday, the outer plate metal fell across the board, Lun Copper fell 1.38%, Lun Aluminum fell 1.44%, Lun lead fell 1.58%, Lun Zinc fell 1.23%, Lunni fell 1.28%, and Lunxi fell 0.92%. The price of Lun copper hovered near record highs on Wednesday because of market expectations of stronger demand in a low-carbon economy and the recovery of western countries from the epidemic, attracting fund buying. But a stronger dollar undermines the rally. The dollar strengthened after stronger-than-expected inflation data in the US, undermining the rally in base metals.

The dollar rose modestly as CPI was significantly higher than market expectations in April, the fastest pace in more than 12 years, and inflation jumped. But the dollar moved relatively moderately as Federal Reserve Chairman Colin Powell promised to keep interest rates stable while allowing inflation to rise for a period of time, while the Fed said the rise in inflation could be temporary and would fall back again by the end of the year.

U. S. stocks closed lower on Wednesday, with all three major indexes recording their third straight session of decline. The Dow closed down 680 points, suffering its biggest daily decline since January. Technology stocks continued to be sold off. The US consumer price index rose the most in 13 years in April, adding to concerns about rising inflation.

On Wednesday, the Prev index rose 0.61% to close at 3462 points, the Shenzhen Composite Index rose 0.70% to close at 14064 points, and the gem index rose 1.34% to close at 2960 points. Shanghai shares bought 503 million yuan net, while Shenzhen stocks sold 931 million yuan. Hot topics are active across the board, the market once again focuses on medical beauty, individual stocks rise and stop, funds return to coal, iron and steel and other resource stocks, as a whole, trading stocks are mainly low, market volume can shrink significantly, and the sustainability of the plate is poor. On the market, medical beauty, Huawei automobile, oil and ore mining and other sectors led the increase, while park development, airport shipping, power and other sectors led the decline.

LME inventory

Macro focus

[CPI data heightens investors' concerns about US inflation.] CPI data added to investors' concerns about US inflation. The three major indexes of US stocks closed sharply lower, with the Nasdaq falling 2.67%, the lowest since March 31. The S & P 500 fell 2.15%, the biggest one-day decline since February and the lowest since April 6. The Dow fell 1.99%, the lowest since April 13. Semiconductor plate ETF fell by more than 4%, wonder optoelectronics fell by more than 10%, and applied materials fell by more than 7%. In FAANGMT, Tesla is down more than 4%, Google is down more than 3%, and Microsoft, Apple and Amazon are down more than 2%. Among Chinese stocks, ideal car rose more than 4%. Futu Securities fell more than 14%, dripping nearly 10%, and the stock fell more than 40% in four trading days.

(the surge in inflation that the market fears most is still the fastest rate of growth in the US since the financial crisis hit by CPI in April.) inflation is also soaring as the US economy accelerates its recovery. Data released by the Labor Department on Wednesday night showed that CPI in April was significantly higher than market expectations, the fastest pace in more than 12 years. Specifically, US CPI grew 4.2 per cent year-on-year in April, with an expected 3.6 per cent, compared with a previous value of 2.6 per cent, while CPI grew 0.8 per cent month-on-month in April, expected 0.2 per cent, and a previous value of 0.6 per cent.

[sudden! Malaysia from today on the closure of the country may once again affect the semiconductor industry! According to the latest news from the media on May 12, the recent epidemic in Malaysia has been heating up, and the number of new diagnoses in a single day remains high. To this end, Malaysian Prime Minister Muyudin announced the implementation of an action control order across the country, prohibiting all people from crossing states and counties. In addition, collective activities such as social, sports, and educational activities are also explicitly prohibited, and the number of people praying for Eid al-Fitr is highly restricted.

[who expects the world to lose US $10 trillion as a result of the epidemic] the World Health Organization (WHO) novel coronavirus independent team on pandemic preparedness and response has released the latest report. According to the report, the novel coronavirus epidemic is expected to cause 10 trillion US dollars in losses to the world by the end of 2021. At least 17000 medical workers around the world died of novel coronavirus in 2020. In the past year and a half, at least 150 million people worldwide have been infected and more than 3 million died of novel coronavirus. In its report, the team recommended promoting equitable distribution of vaccines, establishing a global health threat council led by heads of state, and strengthening prevention efforts to respond to the next crisis.

[Supreme Law: strengthening Anti-monopoly trial work and maintaining Fair Competition Market order] this morning, the Supreme people's Court held a forum of experts on anti-monopoly trial work. Zhou Qiang, secretary of the party group and president of the Supreme people's Court, stressed: it is necessary to earnestly strengthen the administration of justice against monopoly and unfair competition, give full play to the judicial function, maintain the market order of fair competition, and promote high-quality economic development. To provide strong judicial services and guarantee for a good start and a good start in the 14th five-year Plan. Zhou Qiang put forward specific requirements for strengthening anti-monopoly trial work. He stressed: it is necessary to adhere to the unity of anti-monopoly and ensuring the economic development of the platform, attach equal importance to development and standardization, properly handle the relationship between strengthening the anti-monopoly work of the Internet platform and promoting the sustained and healthy development of the platform economy, and promote fair and orderly competition. effectively stimulate the vitality of the main body of the market. It is necessary to strictly stop monopoly behavior in accordance with the law, give full play to the role of judicial functions, and strive to create a market-oriented, legalized, and international business environment. Zhou Qiang pointed out that the development of the digital economy has brought new situations and new topics to the anti-monopoly trial work, and it is necessary to accurately grasp the requirements of the development of the digital era and constantly improve the ability and level of the anti-monopoly trial work.

Analysts believe that the month-on-month decline in new social finance in April is in line with the seasonal law, in addition to the contraction of new credit compared with the same period last year, the main reason is that the financing of new corporate credit debt increased by more than 570 billion in April compared with the same period last year, analysts believe that the decline in new social finance in April is in line with the seasonal law, in addition to the contraction of new credit compared with the same period last year.

[national standing Committee: to effectively deal with the excessive rise in commodity prices and its associated effects] Li Keqiang presided over an executive meeting of the State Council and decided to extend some of the policy of reducing the burden, stabilizing posts and expanding employment until the end of this year. Identify measures to further support flexible employment. At the same time, the deployment will strengthen financial support to enterprises in industries affected by the epidemic. The meeting demanded that it is necessary to track and analyze the situation and market changes at home and abroad, and effectively deal with the excessive rise in commodity prices and their associated effects. We will strengthen the coordination of monetary policy with other policies to maintain the smooth operation of the economy.

[central Bank: RMB loans increased by 1.47 trillion yuan in April] Central Bank data show that RMB loans increased by 1.47 trillion yuan in April, estimated at 1.6 trillion yuan, compared with the previous value of 2.73 trillion yuan. From a departmental point of view, household loans increased by 528.3 billion yuan, of which short-term loans increased by 36.5 billion yuan, medium-and long-term loans increased by 491.8 billion yuan, enterprise (business) unit loans increased by 755.2 billion yuan, of which short-term loans decreased by 214.7 billion yuan, medium-and long-term loans increased by 660.5 billion yuan, bill financing increased by 271.1 billion yuan, and loans to non-banking financial institutions increased by 153.2 billion yuan.

[central bank: the scale of social financing in April was 1.85 trillion yuan, down 1.25 trillion yuan from the same period last year.] the scale of social financing in China in April was 1.85 trillion, estimated at 2.29 trillion, and the previous value was 3.34 trillion. Of this total, RMB loans to the real economy increased by 1.28 trillion yuan, 339.9 billion yuan less than the same period last year; foreign currency loans to the real economy decreased by 27.2 billion yuan, 118.2 billion yuan more than the same period last year; entrusted loans decreased by 21.3 billion yuan, 36.6 billion yuan less than the same period last year; trust loans decreased by 132.8 billion yuan, 135.1 billion yuan more than the same period last year; undiscounted bank acceptance bills decreased by 215.2 billion yuan, 272.9 billion yuan more than the same period last year; The net financing of corporate bonds was 350.9 billion yuan, 572.8 billion yuan less than the same period last year, 373.9 billion yuan of government bonds, 38.2 billion yuan more than the same period last year, and 81.4 billion yuan of domestic stock financing of non-financial enterprises, 49.9 billion yuan more than the same period last year.

Today's focus

[daily Review of recycled Copper on May 12: copper price trend continues to ease and the supply of recycled copper relatively increases] Guangdong bright copper tax-free cash withholding price is 69300-69600 yuan / ton, up 400 yuan / ton compared with the previous trading day, and the price difference of fine waste is 1558 yuan / ton, expanding by 355 yuan. As far as SMM understands, copper prices continue to be relatively relaxed today, and bullish sentiment in the market weakens, which is conducive to the supply of recycled copper to the market. Downstream waste enterprises reflect the relative increase in the supply of goods, superimposed high copper prices, poor orders for finished products, little pressure on the raw materials needed, and the procurement situation improved month-on-month, but the overall competition for recycled copper by waste enterprises is still fierce. "View details

[may 12 SMM North China Copper spot Market KuaiBao: downstream procurement increases shippers take advantage of the opportunity to make shipments] Today, North China electrolytic copper spot quoted a discount of 380 yuan / ton to that month's contract, with an average discount of 340 yuan / ton up 10 yuan / ton over the previous trading day, with a transaction price of 75610-76350 yuan / ton, and an average price of 75980 yuan / ton up 555 yuan / ton over the previous trading day. Shanghai Copper Today. "check the details.

[ADC12 price daily review recycled aluminum price continues to rise downstream transaction is not good] aluminum price continued to rise today after long position reduction, SMM A00 aluminum price rose 160 yuan / ton to 19980 yuan / ton compared with yesterday, recycled aluminum price also resumed upward. Today, the price of recycled aluminum continues to rise, enterprises feedback downstream transactions in general, fear of heights is heavier, at present, more and more die-casting enterprises lead to production losses, downstream demand is not exuberant, recycled aluminum market is in a state of price and no market. Expect. "View details

[aluminum bar spot daily review: aluminum base price processing fees rise frequently] Aluminum prices rebounded today, SMM aluminum prices rose 160yuan / ton to 19980 yuan / ton yesterday, today's mainstream aluminum bar market is more firm than its processing fees, especially in the South China market, processing fees are still rising frequently during the trading period. Today, the mood of receiving goods downstream is also relatively positive, most enterprises have rigid demand for procurement, and the overall transaction situation in the market is OK. Details of this morning's offer are as follows. "View details

[summary of SMM Evening Review on the original lead Market transaction on May 12th] the mainstream quotation for reducing lead in Anhui today is 13850-13950 yuan / ton. A small refinery today quoted price of recycled refined lead (including tax) at an average discount of 400 yuan / ton for SMM1# lead, which is purchased on demand downstream, and the transaction activity is OK. Guangdong area. "check the details.

[SMM survey: steel prices repeatedly hit record highs May galvanizing orders weakened month on month] (SMM) survey of SMM shows that the operating rate of galvanizing enterprises decreased by 0.04% month on month in April. The reason why the operating rate of galvanizing enterprises decreased in April compared with March is that steel and zinc prices are high in April, corporate profits are seriously compressed, and terminal orders are more willing to wait and see. Look at it in sections. "check the details.

[SMM zinc brief review of zinc prices under the long-short game to maintain the trend of volatility] within the day, 2106 of the main contract for Shanghai zinc opened at 22410 yuan / ton. The conflict between the multi-air forces in the day, the zinc price shock is strong, and it is located above the daily moving average line after breaking through the daily moving average line upward. It closed down 22520 yuan / ton. "View details

[SMM analysis shows that the start-up of die-casting zinc alloy in April is weak or there is still room for downside] according to the survey of Shanghai Nonferrous net (SMM), the operating rate of die-casting zinc alloy enterprises in April was 45.54%, which decreased by 0.54% compared with the previous month, and increased by 14.7% compared with the same period last year. In the new sample (note: the number of enterprises surveyed in the new sample is 67, involving a production capacity of 1.6314 million tons), the operating rate in April was 65.53%, down 3.79% from the previous month. "check the details.

[SMM stainless steel futures review SS stainless steel contract broke through the recent platform high and hit a two-year high] the phenomenon of shortage of some specifications in the spot market is still obvious, prices continue to rise, Shanghai nickel prices strengthen in the afternoon, driven by afternoon price shocks to rise to a new high of 15890 yuan / ton since 2020, then fell under pressure, and finally closed at 15580 yuan / ton. Compared with the previous trading day, the settlement price increased by 335 yuan / ton, or 2.2%. The daily trading volume was 141402 lots, and the position increased by 3063 lots to 82109 lots. "View details

[SMM analysis of cobalt sulfate depots increased market transactions in April] Cobalt sulfate depots increased in April, and stocks of cobalt sulfate increased in the same month. Supply was affected by Jiangxi environmental protection supervision, and the supply growth rate fell short of the demand growth rate of 3% month-on-month growth rate / 9% month-on-month growth rate of demand. The inventory of cobalt sulfate is expected to decrease month-on-month in May, the shortage of cobalt raw materials is alleviated, the environmental supervision is over, the supply of cobalt sulfate is increased, and the demand growth rate has little effect on the price. The price of cobalt sulfate is expected in May. "View details

[SMM Analysis IEA warns: shortage of key metals or exacerbates climate crisis mine and raw materials may change supply structure] the IEA says the world will not be able to cope with the climate crisis unless there is a significant increase in the supply of metals needed to produce electric cars, solar panels, wind turbines and other environmentally friendly equipment. SMM believes that the current electric vehicle production and terminal consumer market continues to develop optimistically. For the raw materials involved in battery production, the market supply chain is highly concentrated in a few countries, of which Indonesia and the Philippines account for 45-50% of global nickel production, which means nickel supply. "check the details.

[SMM Electrolytic Manganese Daily Review supplier wait and see demand release manganese price short-term weakness] SMM May 12, manganese triangle mainstream spot factory price around 15900-16000 yuan / ton, than yesterday's average price slightly callback 50; Guangxi spot tax ex-factory price around 16100-16200 yuan / ton, 50% lower than yesterday's market price. Currently. "View details

[SMM Daily Review] as most of the orders from Nine Silicon factories were signed until the middle of June, the quotations of Nine Silicon factories continued to rise. Today, the ex-factory price of Nine Silicon (Fe < 1.5) is 11200 yuan / ton, with a price increase of 400 yuan / ton in the past week. Some silicon factories suspended their quotations until the end of June when they executed the contract. As the price of oxygen-ventilated low-grade silicon is getting better, the non-oxygen 55 silicon factory has also raised its quotation, while East China does not have oxygen 55 silicon. "check the details.

[SMM magnesium ingot spot KuaiBao 21000 yuan / ton magnesium price continues to rise] Today Fugu area 90 magnesium ingot mainstream factory price 20900-21000 yuan / ton, 95B magnesium ingot mainstream factory price 21200-21400 yuan / ton; Wenxi area 90 magnesium ingot mainstream transaction price 21200-21400 yuan / ton, 95B magnesium ingot mainstream transaction price 21600-21800 yuan / ton; compared with yesterday's overall market price increased by 900yuan / ton. Because. "View details

Important news of metals and industry

[Twin Metals copper project blocked due to controversial environmental issues] the US Land Administration (BLM) has agreed to reconsider its decision to renew 13 prospecting licenses in Minnesota, a decision that could affect Antofagasta's Twin Metals to expand the size of its proposed copper-nickel mine in the border waters canoe area.

[the two industry standards for copper processing in Luoyang have reached the international advanced level] recently, two industry technical standards, "methods for Analysis of Copper and Copper Alloys by photoelectric Emission Spectroscopy" (Standard No. YS/T 482-2005) and "methods for Analysis of Copper and Copper Alloys by X-ray fluorescence Spectrometry (wavelength dispersion)", led by Chinalco Luoyang Copper processing Co., Ltd., have been well received by the expert group of the National Nonferrous Metals Standards Technical Committee. It is considered that "the revision of the two standards further expands the number and scope of analytical elements, improves the applicability and guidance of the standard, and reaches the international advanced level".

The copper supply end is facing a new problem of "burning eyebrows": Chile is short of sulfuric acid! With the surge in global demand for copper, the shortage of this important industrial metal is becoming more and more prominent. As far as copper miners are concerned, they are now facing a new problem of "burning eyebrows": lack of sulfuric acid! During the outbreak, a slowdown in oil refining led to a reduction in the supply of sulphur, a key raw material for sulfuric acid. At the same time, with the recovery of Asian industry, more sulfuric acid has been used locally. In Chile, the largest copper producer, the business of at least one copper mine has been affected and the spot price of sulfuric acid has soared.

[EU announcement on the impending expiration of anti-dumping measures on Chinese aluminum alloy wheels] on May 3, 2021, the European Commission announced that the anti-dumping measures on (Aluminium Road Wheels) of aluminum alloy wheels originating from or imported from China will expire on January 25th, 2022. Enterprises from EU member states may submit a written application for sunset review of the case to the European Commission within 3 months from the date of this announcement to the above-mentioned expiration date.

[Orion obtained emergency injunction to prevent further protests in Prieska] Copper developer Orion Minerals has obtained an emergency injunction in the North Cape High Court in Kimberley to prevent further interference with its business at the Prieska copper and zinc mine due to violence and intimidation. Orion said on May 7 that the main purpose of the protest was to ask Orion to appoint a contractor who failed to win a competitive bid for a building management contract awarded by Orion in a fair and commercial manner.

[Ministry of Industry and Information Technology: the first national standard in the field of power conversion: Guoxuan Hi-Tech / Xin Wanda participated in the drafting] A few days ago, the "Electric vehicle Exchange Safety requirements" (GB/T 40032Mir 2021) standard, drafted by Guoxuan Hi-Tech and Xin Wanda, was released to the public. The new standard will be formally implemented on November 1 this year. It is a Chinese national standard.

[power battery output increased month-on-month in April: the ternary total is superior to lithium iron phosphate] China Automotive Power Battery Industry Alliance released April power battery production data show that China's power battery production in April totaled 12.9 GWH, an increase of 173.7% over the same period last year and 14.6% month-on-month growth. Of these, the output of ternary batteries was 6.7GWh, an increase of 134.3 percent over the same period last year, and the output of lithium iron phosphate batteries was 6.2GWh, an increase of 235.4 percent over the same period last year.

[regulatory measures to curb speculation in iron ore futures] in the past two days, the Dalian Commodity Exchange has adjusted the limit and trading margin of high-speed iron ore futures contracts, and lowered the standard grade of iron ore futures from 62% to 61% and introduced rolling delivery. It is well known that as regulators take a number of measures to curb market speculation, many iron ore traders do not dare to continue to bet on the "rare goods can live" strategy. Many iron and steel enterprises require the introduction of basis trading as the basis for iron ore trading pricing, as far as possible to avoid the risk of rising procurement costs caused by artificial speculation in iron ore spot trading prices.

With the continuous rise of steel prices and the improvement of production enthusiasm of steel mills, scrap prices have reached an all-time high. According to the information learned by a reporter from the Financial Associated Press, although scrap consumption will increase under the background of "carbon peak" and "carbon neutralization", the domestic scrap supply bottleneck is obvious, and the production capacity of scrap processing enterprises is difficult to meet the demand of steel mills.

[forward-looking guidance signal released! Another big silicon wafer manufacturer announces the start of a super boom cycle for semiconductors? Recently, wafer giant SUMCO announced its first-quarter results and second-quarter outlook, saying that long-term contract prices will continue in the second quarter. In the spot price part, 12-inch logic wafers are asking for a price increase, and 8-inch products also plan to increase prices in the second half of the year (after October 2021).

[technology giants and chip manufacturers form a "semiconductor alliance" to call on the US government to subsidize chip production. On Tuesday, technology giants such as Apple, Microsoft and Google teamed up with Intel and other chip makers to form the US Semiconductor Alliance. The US Semiconductor Alliance said its main focus was to secure funding for the US chip manufacturing bill, which approved required semiconductor manufacturing incentives and research programs earlier this year, but did not provide funding. The move is strongly supported by President Joe Biden, who has called for $50 billion for the U. S. chip manufacturing bill.

According to incomplete statistics, the total annual output of rare earths in China is about 150000 tons, of which about 90, 000 tons are lanthanum and cerium products. the main application fields of lanthanum and cerium are hydrogen storage alloy, catalyst, polishing powder and rare earth ferrosilicon alloy, etc., with an annual consumption of about 40, 000 tons, the annual surplus of lanthanum and cerium products is more than 50, 000 tons.

[Britain plans to establish a reserve of rare earths to prevent being pinned down] Britain is already developing and establishing a national reserve of rare earths. The UK can build up global inventory stocks, avoid shortages and build domestic resources at potential lithium mines in the Cornwall region, or use diplomatic networks to work with foreign private businesses to ensure that supplies are not disrupted.

[lowering the quality standard of deliverables, close to the industrial demand, soliciting opinions on the iron ore futures contract and related rules revision plan] on May 11, the big trading house issued a public announcement to solicit market opinions on the iron ore futures contract and the relevant rule modification plan, which is intended to apply to the new listing contract after the formal rule modification notice issued by the company. The deadline for soliciting opinions is 17:00 on May 15, 2021. Market experts believe that the proposal to solicit opinions will lower the grade of standard iron products, reflecting the characteristics of further expanding the resources available for delivery and being close to the needs of the industry, in line with the new market situation and changes in spot trade; according to the plan, iron ore futures plan to implement rolling delivery, which will facilitate enterprises to participate in delivery and promote the smooth development of iron ore futures trading and delivery business.

[Shuangjiao vigilance chasing high risk] in the later stage, the black center of gravity will still move up, but it is less likely to continue to rise, and is expected to maintain a high level of oscillation. At present, it is at the end of the peak season, and under the background of high temperature in the third quarter, the construction of the site is limited, and the demand for dual coke will be reduced marginally. Inflation and profits of steel mills drive the rise of double coke in the early stage, while the supply of coke increases in the later stage, and the decrease in demand will restrict the height above double coke.

Terminal information

Tesla can raise the price, why can't battery enterprises go up? Tesla raised prices again after repeatedly "diving" price cuts in an attempt to "reduce dimensionality" on competitors and cut consumers'"leeks" by the way. Musk's brain circuit is so strange. Tesla Chinese officials announced on May 8 that the domestic standard battery life upgrade version of Model3 has increased by 1000 yuan, and the price has changed to 250900 yuan.

According to enterprise search information, Sichuan Yinglun New Energy Automobile Technology Co., Ltd. was established on May 11, with a registered capital of about 433.67 million yuan. the scope of business includes auto parts research and development, auto parts and parts manufacturing, new energy primary equipment manufacturing, new energy primary equipment sales, and so on. Enterprise check equity penetration shows that the company is wholly owned by Zhejiang Geely holding Group Co., Ltd.

[BYD sold more than 80, 000 power and storage batteries from January to April more than 7.4GWh] BYD sold 25662 new energy vehicles in April, and the total installed capacity of power and storage batteries for new energy vehicles is about 2.170GWh. From January to April, BYD sold a total of 80413 new energy vehicles, an increase of 128.53% over the same period last year. The total number of power batteries and energy storage batteries installed was about 7.428GWh.

[southeast grid: the current steel price continues to rise the company has taken to place orders in advance to prepare stock and lock the price of raw materials in time] the southeast grid said on the interactive platform that the opening contract signed by the company, when the fluctuation of the main engineering materials exceeds the range agreed in the contract compared with the base price at the time of bidding, the company may adjust the price accordingly according to the contract. The company's centralized procurement strategy and strategic cooperation with important raw material suppliers are also constantly improving the company's bargaining power. The current steel prices continue to rise, the company has taken to issue orders in advance to prepare goods, timely lock the price of raw materials, but also reduce the impact of rising raw material prices on the company's production costs.

The valuation is 10.2 billion yuan! BYD intends to spin off semiconductor business to gem listing] BYD intends to spin off semiconductor business to gem listing! In 2020, BYD Semiconductor completed two rounds of financing totaling 2.7 billion yuan, and the post-investment valuation has reached 10.2 billion yuan. The industry expects that under the background of the global core shortage, its valuation will have more room to improve.

[the second phase of the 12-inch chip project was filed with Shilan Weibo for 2 billion yuan to expand production capacity] on the evening of May 11, Shilan Weibo announced that the participating company Silanjike recently launched the first 12-inch chip production line, "an additional 240000 pieces of 12-inch high-voltage integrated circuit and power device chip technology upgrading and expansion project." in the existing 12-inch integrated circuit chip factory of Shilanjike, by increasing production equipment, The construction of supporting power and auxiliary equipment and facilities, as well as the decoration of the purification workshop, have achieved an additional annual production capacity of 240000 pieces of 12-inch high-voltage integrated circuits and power device chips.

[Junsheng Electronics: there are certain advantages in the supply chain stability of some chip-related products] Junsheng Electronics said on the interactive platform on May 12 that with years of good cooperation and channel advantages with several high-end mainstream vehicle brands, the company has certain advantages in the supply chain stability of some chip-related products. While bringing high-quality products and services to customers, it will not become the supplier and technology provider that restricts the landing of customers' new products.