GERMANY'S 10-YR BOND YIELD NOW UP 4.5 BPS ON DAY AT 3.08%, 2-YR YIELD UP 6.5 BPS AT 2.64% ITALY'S 10 YEAR YIELD UP NEARLY 8 BPS AT 3.93%

The Dallas Fed Manufacturing Production Index for April was 19, down from 6.8 in April.

Key News 1. China National Space Administration (CNSA) holds a roundtable meeting for enterprises on high-quality development of commercial spaceflight. 2. my country plans to revise its Agricultural Law to accelerate the construction of a strong agricultural nation. 3. National Development and Reform Commission (NDRC): Prohibits foreign acquisition of the Manus project and demands the cancellation of the transaction. 4. National Energy Administration: Is studying and formulating a work plan for renewable energy consumption in 2026. 5. Ministry of Finance: Expresses appreciation for Moody's decision to maintain China's sovereign credit rating and upgrade its outlook to "stable". Individual Stock News 1. Tianqi Lithium: Q1 net profit of RMB 1.876 billion, up 1699.12% year-on-year. 2. Jiangbolong: Q1 net profit of RMB 3.862 billion, turning a loss into a profit year-on-year. 3. Tinci Materials: Q1 net profit of RMB 1.654 billion, up 1005.75% year-on-year. 4. Yuanjie Technology: Q1 net profit of RMB 179 million, up 1153.07% year-on-year. 5. Hunan Yuneng: Q1 net profit increased by 1338% year-on-year, driven by rising prices of materials such as lithium carbonate, which boosted product sales prices. 6. Watson Bio: Q1 net profit was 111 million yuan, a year-on-year increase of 4082.41%. 7. Tongguan Copper Foil: Q1 net profit increased by 2138% year-on-year, mainly due to rising prices of copper foil products. 8. Rongjie Shares: Q1 net profit was 278 million yuan, a year-on-year increase of 1296.26%. 9. Litong Electronics: Q1 net profit increased by 821% year-on-year, driven by increased computing power business. 10. Zhangyuan Tungsten: Q1 net profit was 381 million yuan, a year-on-year increase of 795.78%. 11. COSCO Shipping Energy Transportation: Q1 net profit was 2.173 billion yuan, a year-on-year increase of 206.74%. 12. Unisplendour Microelectronics: Q1 net profit increased by 180% year-on-year, driven by increased sales volume of special integrated circuit products. 13. AMEC: Q1 net profit increased by 930 million yuan, a year-on-year increase of 197%. 14. China Rare Earth: Q1 net profit was 139 million yuan, a year-on-year increase of 90.80%. 15. Montage Technology: Q1 net profit was 847 million yuan, a year-on-year increase of 61.30%. 16. GF Securities: Q1 net profit was 4.707 billion yuan, a year-on-year increase of 70.73%. 17. Dongshan Precision: Q1 net profit increased by 143.47% year-on-year. 18. WuXi AppTec: Q1 net profit increased by 26.68% year-on-year. 19. Perfect World: Q1 net profit was 103 million yuan, a year-on-year decrease of 66.02%. 20. Western Materials: Q1 net profit decreased by 71.40% year-on-year. 21. Sungrow Power: Q1 net profit decreased by 40% year-on-year. 22. CATL plans to raise over HK$39 billion through a new H-share placement. 23. Zhaolong Interconnect: Plans to invest 1.079 billion yuan in a high-speed data transmission and connectivity project, which is expected to produce 18 million high-speed interconnect components and other products annually after completion.