The Shanghai nickel futures contract rose sharply, gaining nearly 3.00% intraday, and is currently trading at 119,190 yuan/ton. The lithium carbonate futures contract rose more than 2.00% intraday, and is currently trading at 112,200 yuan/ton.

Kexin Technology stated on its interactive platform that the company's optical communication network solutions and products are mainly used for fixed network transmission, accounting for a relatively low proportion of the company's sales revenue.

Key News 1. The People's Bank of China issued a notice regarding arrangements for implementing a one-time credit repair policy. 2. The Ministry of Commerce held an expanded meeting of its Party Group, emphasizing the need to vigorously boost consumption. 3. Chinese scientists achieved a new breakthrough in research on next-generation optical computing chips. 4. The total scale of ETFs exceeded 5.8 trillion yuan for the first time, setting a new historical record. Over 60% of these are equity ETFs, with cross-border ETFs accounting for approximately 16%. 5. The "Rules on Price Behavior of Internet Platforms" stipulate that platforms must not force or indirectly force operators to lower prices or promote sales through discounts, cash rebates, or other means. 6. The State Council Executive Meeting made arrangements for implementing the decisions and deployments of the Central Economic Work Conference. 7. The Cyberspace Administration of China, together with the China Securities Regulatory Commission, is conducting in-depth rectification of false and inaccurate information related to the capital market online. Individual Stock News 1. Moore Threads released its new-generation GPU architecture, Huagang, supporting intelligent computing clusters with a scale of over 100,000 cards. 2. Shandong Heda: The US Department of Commerce made final anti-subsidy and anti-dumping determinations on hard-shell hollow capsules from China and other countries. 3. Yonghui Supermarket's Jinqiao Sixth Road store in Xi'an opens, showcasing the "Pang Donglai model" in the community. 4. China Shenhua: Plans to acquire equity in several companies held by China Energy Investment Corporation, with a total transaction price of 133.598 billion yuan. 5. Tongrentang apologizes for the "Antarctic krill oil incident": Immediately removed the affected products from shelves and compensated consumers. 6. Guoke Military Industry: Has cooperated with Sichuan Lingkong Tianxing Technology Co., Ltd. on core technologies for solid rocket motors. 7. Shengxin Lithium Energy: Zhongchuang Innovation Aviation will purchase 200,000 tons of lithium salt products from the company between 2026 and 2030. 8. Yangtze Optical Fibre and Cable: New optical fiber and cable products related to data centers account for a small proportion of total demand. 9. Guizhou Bailing: Due to false records in its annual reports from 2019 to 2021 and 2023, it has been subject to other risk warnings, and its stock abbreviation will be changed to "ST Bailing". 10. Jinggong Technology: Plans to invest 426 million yuan to build an intelligent manufacturing base project, forming an annual production capacity of 45 sets of aerospace and low-altitude manned equipment and 6,000 sets of carbon fiber parts for humanoid robots.

Individual Stock News: 1. Country Garden (02007.HK): Plans to issue 136 million working fee shares in connection with a proposed restructuring. 2. Hengrui Medicine (01276.HK): Its injectable leuprorelin acetate microspheres have been approved for clinical trials. 3. Biren Technology (06082.HK): Plans to issue over 247 million shares in its Hong Kong IPO, with a maximum price of HK$19.6. 4. Rongda Technology (09881.HK): Plans to acquire all issued share capital of Shenzhen Yanke Digital for no more than RMB 65 million. 5. Joyson Electronics (00699.HK): Reached a strategic cooperation agreement with Sinian Intelligent Driving to jointly expand L4 commercial applications and embody intelligence technology. 6. Capital Venture Capital (02324.HK): Issued a profit warning: Expected annual net profit of approximately HK$115 million to HK$140 million, turning from a loss to a profit year-on-year. 7. Tianqi Lithium (09696.HK): Talison's Phase III chemical-grade lithium concentrate expansion project has been completed and officially put into trial operation. 8. Sichuan-Chengdu Expressway (00107.HK): A subsidiary plans to acquire an 85% stake in Hubei Jingyi Expressway Co., Ltd. for RMB 2.409 billion. 9. China Nonferrous Metal Mining (01258.HK) further acquired a 55% stake in Kazakhstan's SM Minerals, increasing its shareholding to 70%. 10. SF Holding (06936.HK): In November, the combined revenue from its express delivery, supply chain, and international businesses reached RMB 27.173 billion, a year-on-year increase of 7.85%. 11. Fosun Pharma (02696.HK): The Phase 1 clinical trial application for HLX18, a biosimilar of nivolumab, for the treatment of various solid tumors, was approved by the U.S. Food and Drug Administration.

The main platinum contract rose by 6.00% intraday, currently trading at 563.95 yuan/gram.

Spot palladium rose 4.00% on the day, currently trading at $1760.14 per ounce.