High Lithium Ore Prices in Australia will Drive Lithium Prices Rebound, Reasons Prevent Output to Grow

Shanghai has announced its 2026 allocation plan (third batch) for energy conservation and emission reduction special funds and ultra-long special treasury bonds. The funds will support national vehicle scrappage and replacement programs, covering both fuel vehicles and new energy vehicles, with a total of 43.232 million yuan allocated from the municipal energy conservation and emission reduction special funds.

Guangzhou Petrochemical has obtained clean hydrogen certification from the National Hydrogen Energy and Fuel Cell Vehicle Demonstration Evaluation Platform, passing the "Low-Carbon Hydrogen, Clean Hydrogen, and Renewable Hydrogen Standards and Evaluation." This milestone advances the company's hydrogen energy development and supports green transformation in transportation. The standard, proposed by the China Hydrogen Alliance, quantifies carbon emissions in hydrogen production. Guangzhou Petrochemical's hydrogen supply center now produces 5,100 tons/year of 99.999% pure fuel cell hydrogen, making it the largest in South China.

Cosmx reported 2025 revenue of 14.4B yuan, up 24.7% YoY. Net profit attributable to parent was 472.1M yuan, up 9.7% YoY. Core profit (non-recurring items excluded) fell 10.4% to 312.8M yuan. During the reporting period, the year-on-year growth in the company's operating revenue was mainly due to: (1) Significant results in market expansion, leading to an effective increase in customer share; (2) The company's focus on its automotive low-voltage lithium battery and drone battery businesses, resulting in continued improvement in the operating efficiency of its power business.