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conflict of interest: the equity structure of southern manganese is complex, with youfu investment holding 29% of the shares, guangxi dameng manganese industry group co., ltd. holding 22.64% of the shares, fengxiang investment holding 5.39% of the shares, and citic metal holding 4.97%. as the contradiction between youfu investment and the management of southern manganese group became public, the stock price continued to rise, and investors were full of expectations for the company's future prospects. but at the same time, southern manganese group also accused youfu investment and fengxiang investment of acting in concert through reporting materials, involving violations of related-party transactions.

mysterious turmoil: public opinion focused on the conflict of interest within southern manganese, among which tianyuan manganese founder jia tianjiang was a background figure, and his company is currently in the bankruptcy reorganization stage. the relevance, as well as the bankruptcy reorganization of tianyuan manganese, has intensified the market's concerns about southern manganese and brought new challenges to potential interest disputes.

market sentiment: the share price of southern manganese industry continues to rise, and the outside world is full of expectations for its future performance. but at the same time, southern manganese group also expressed doubts about the behavior of youfu investment and fengxiang investment, and called on all state-owned shareholders to unite and save themselves and jointly safeguard their legitimate rights and interests.

next steps: as the share price of southern manganese industry continues to rise, the response of u-focus investment will become the focus. the media generally pays attention to how u-focus investment will respond to the challenge of southern manganese group and its control over southern manganese industry. at the same time, southern manganese industry (smi) will face pressure to respond to this situation. whether the company can resolve internal conflict and maintain its market presence remains a critical question for investors and stakeholders.

outlook: the future of southern manganese is full of uncertainty. the pressure from competitors is increasing, and internal conflicts are causing market fluctuations. these factors will have a significant impact on the company's development.