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  Xinhongye: Its subsidiary Jiangsu Huaguang Cable & Electric Appliance won a bid for a project worth 42.3412 million yuan

• In June, LFP material production increased 1.56% MoM. Strong ESS demand offset the slowdown in the NEV market [SMM lithium battery market analysis].

  [SMM Lithium Battery Market Analysis: China's LFP Material Production Rose 1.56% MoM in June] In June 2025, China's LFP cathode material production rose 1.56% MoM and was up 59% YoY, with an industry operating rate of 57%. The operating rates of leading material producers were significantly increasing, but production at some small and medium-sized producers declined slightly due to fluctuations in downstream battery cell manufacturers' demand.

• ZTT Submarine Cable, a subsidiary of ZTT Corporation, has won bids for multiple offshore energy projects, with a total contract value of approximately 1.722 billion yuan.

• A subsidiary of Junzhi Group is expected to win the bid for the concentrated procurement project of power cables (copper cables) for China Steel Tower in 2025

• [SMM survey] "Supported" by 100-yuan profit per tonne of steel, impact from maintenance of building materials may continue to decline

  [SMM survey: With "support" from 100-yuan profit per tonne of steel, impact from maintenance of building materials may continue to decline] According to the SMM survey, the impact from maintenance of building materials declined slightly this week (6.28-7.4). Both last week and this week saw steel mills resume production of building material rolling lines after maintenance, resulting in an impact from maintenance of 1.2642 million mt of building materials this week, down 4,700 mt WoW.