Zhejiang Fuchunjiang Hydropower Equipment Co., Ltd. (Zhefu Holdings) surged to its daily limit, with a trading volume exceeding 700 million yuan. According to news reports, Zhefu Nuclear Power, a subsidiary of Zhefu Holdings, will be deeply involved

Key News 1. Central Huijin Investment Ltd. firmly holds multiple leading broad-based ETFs. 2. Interest rates on large-denomination certificates of deposit (CDs) at some banks have dropped to the zero level. 3. The Ministry of Finance and two other departments announced the continuation of relevant tax policies from the pilot phase of domestic issuance of depositary receipts by innovative enterprises. 4. Macron called on China to increase investment in Europe; the Ministry of Foreign Affairs responded that it hopes the EU will create a fair and non-discriminatory market environment for Chinese enterprises. Individual Stock News 1. Moore Threads: Expects a net loss of 950 million to 1.06 billion yuan in 2025. 2. GigaDevice announced the launch of its new generation GD32H7 series MCUs. 3. Biwin Storage: Storage product prices are expected to continue to rise in the first and second quarters of 2026. 4. China Mobile has started selling insurance at offline stores in multiple locations. 5. Zhongchao Holdings: Received an order from a rocket company for 40 sets of thrust chamber top cover blanks. 6. Demingli: Net profit for 2025 is expected to be between 650 million and 800 million yuan, representing a year-on-year increase of 85.42%-128.21%. 7. Tianfu Communication: Net profit for 2025 is expected to increase by 40%-60% year-on-year. 8. Jinan Guoji: Net profit for 2025 is expected to increase by 656%-871% year-on-year, with copper clad laminate production and sales increasing year-on-year. 9. Baiyin Nonferrous Metals (two consecutive daily limit-up): Failed to win the detailed exploration rights for the Qianhongquan Gold Mine in Yumen City, Gansu Province. 10. Juhua Group: Net profit for 2025 is expected to increase by 80%-101% year-on-year, but Q4 performance was significantly lower than expected. 11. Tengjing Technology: Signed an 89.15 million yuan sales order for high-end optical devices in the optical communication field, providing customized services for downstream OCS optical switch manufacturers.

LME tin rose 2.00% intraday, currently trading at $51,831.60 per ton. SHFE tin futures surged, reversing losses and rising nearly 1%, currently trading at 413,400 yuan per ton.