A-share retail stocks were active in early trading, with Guoguang Chain rising for two consecutive days, Hebai Group rising by more than 7%, Chongqing Department Store, You'A Shares, Nanning Department Store and others following suit.

Important News 1. The Ministry of Commerce spokesperson answered reporters' questions regarding adjustments to the Unreliable Entity List. 2. The Lithium Industry Association advocated resisting "involutionary" vicious competition and jointly creating a fair, just, stable, and orderly market environment. 3. Xu Haidong, Executive Deputy Secretary-General of the China Association of Automobile Manufacturers, stated: Three companies have already achieved payment within 60 days, and major automakers and major car manufacturers are already taking action. 4. A fund manager was accused of excessive gambling, and Shenwan Hongyuan Fund responded: "We hope to focus on long-term performance." Individual Stock News 1. Major fund flow data shows that Cambrian-U saw the largest net inflow of 2.016 billion yuan, followed by China Great Wall, New E-Sheng, Inspur Information, and Zhongji Xuchuang. Northern Rare Earth saw the largest net outflow of 1.009 billion yuan, followed by Shenghe Resources, Jihua Group, Tianqi Lithium, and Aerospace Science and Technology. 2. Does increased procurement indicate better-than-expected performance? Cambricon's response: Supply chain procurement and performance information are subject to public disclosure. 3. Kunlun Wanwei released and open-sourced the Matrix-Game 2 model. 4. Feilong Shares: Based on backlog orders, the company's revenue is expected to improve in the second half of the year. 5. Tongdahai: Actively promoting native development and compatibility adaptation based on the CANN ecosystem. 6. Zijin Mining secured port and terminal concessions in Tanzania. 7. Ganfeng Lithium established a new energy technology company in Shenzhen with registered capital of 150 million yuan. 8. Actions Technology: Continuing to build a low-power AI computing platform, gradually expanding to more application scenarios beyond audio. 9. Kandi Technology's wholly-owned subsidiary signed a procurement contract with CATL, becoming its supplier of battery swap station equipment. 10. Beijing Junzheng: LPDDR5 product development will commence in a timely manner according to subsequent plans.

[Treasury bond futures early closing] The main contract of 2-year Treasury bond futures (TS) fell 0.02%, the main contract of 5-year Treasury bond futures (TF) fell 0.04%, the main contract of 10-year Treasury bond futures (T) fell 0.09%, and the main contract of 30-year Treasury bond futures (TL) fell 0.37%.