Group 1 - The Shanghai Composite Index closed at 3567.02 points, above the annual line, with a change of 0.20% [1] - The total trading volume of A-shares reached 932.32 billion yuan [1] - A total of 19 A-shares have surpassed the annual line today, with notable stocks including CITIC Hanzhi, Shanghai Jianke, and ST Lifang, showing significant deviation rates of 4.72%, 2.04%, and 1.68% respectively [1] Group 2 - The stocks with the highest deviation rates from the annual line include: - CITIC Hanzhi (6.26% increase, 7.31% turnover rate, latest price 23.41 yuan, deviation rate 4.72%) - Shanghai Jianke (2.61% increase, 3.48% turnover rate, latest price 18.06 yuan, deviation rate 2.04%) - ST Lifang (3.86% increase, 5.71% turnover rate, latest price 5.92 yuan, deviation rate 1.68%) [1] - Other stocks with smaller deviation rates that have just crossed the annual line include: - Guangdong Hai Feed, Longtou Shares, and Aibulu [1]

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The current spread compression space of high - quality large - bank capital bonds is limited, and although the 10 - year variety has relative value, the overall return space is also low. Therefore, to increase returns, it is recommended to implement a moderate credit - sinking strategy for bank perpetual and secondary capital bonds (referred to as "two - tier and perpetual bonds") under strict risk control, avoiding provinces with a large number of high - risk institutions [6][40]. 3. Summary by Relevant Catalogs 3.1 Bank Two - tier and Perpetual Bond Investment Screening Framework - **Issuer's Subject Qualifications and Operating Indicators**: A core risk - control framework covering six dimensions including equity nature, asset scale, operating region, asset quality, operating performance, and inter - bank liability ratio is constructed. It focuses on asset scale and central and state - owned enterprise equity nature, controls key operating indicators such as core tier - one capital adequacy ratio and ROE, and avoids provinces with a large number of high - risk institutions [5][7]. - **Central Bank's Financial Institution Rating Results**: As of the end of 2023, banks within the safety boundary accounted for 98.22% of the banking system's asset scale, and 357 banks were in a high - risk state. Large banks are in the "green zone", while some rural and urban commercial banks are high - risk banks [5][8]. - **Domestic Systemically Important Banks (D - SIBs) List**: In 2023, 20 domestic systemically important banks were identified, including 6 state - owned commercial banks, 9 joint - stock commercial banks, and 5 city commercial banks. They can all be included in the investment white list due to their low overall risk level [6][16]. - **Historical Non - Active Redemption of Bank Two - tier and Perpetual Bonds**: As of July 19, 2025, there have been 72 cases of secondary capital bonds not actively redeemed, with a total non - redemption amount of 50.677 billion yuan. Rural commercial banks account for 73.61% of the issuers, and regions such as Liaoning, Shandong, and Hubei have a high number of non - redemption cases [6][17]. - **Regional Fiscal Revenue Quality and Debt Pressure**: It is recommended to prioritize provinces with high - quality fiscal revenue and controllable debt, such as Shanghai, Beijing, Guangdong, and Fujian, and avoid high - risk regions like Liaoning, Gansu, and Inner Mongolia [6][29]. 3.2 Investment Opportunities for Two - tier and Perpetual Bonds under the Moderate Credit - Sinking Strategy - **Issuer Selection Criteria**: Focus on state - owned and central - enterprise - controlled banks with an asset scale between 400 billion and 1 trillion yuan, with a core tier - one capital adequacy ratio of not less than 7.5%, ROE higher than 3%, an inter - bank liability ratio within 30%, and avoid provinces with a large number of high - risk institutions [33]. - **Recommended Investment Targets**: Recommended targets include 25 Tianjin Rural Commercial Bank Secondary Capital Bond 01, 25 Guangxi Beibu Gulf Bank Secondary Capital Bond 01, and other bonds with a yield of over 2.5% [40].

Group 1 - The genetically modified concept sector rose by 3.15%, ranking 7th among concept sectors, with 18 stocks increasing, including Shennong Seed Industry which hit the daily limit of 20% [1] - The main inflow of funds into the genetically modified concept sector was 459 million yuan, with 13 stocks receiving net inflows, and 8 stocks seeing inflows exceeding 10 million yuan [2] - Shennong Seed Industry led the net inflow of funds with 292 million yuan, followed by Qianyuan High-Tech, Jincheng Pharmaceutical, and Top Cloud Agriculture [2][3] Group 2 - The top stocks by net inflow ratio included Shennong Seed Industry at 11.98%, Qianyuan High-Tech at 10.45%, and Nongfa Seed Industry at 10.05% [3] - The trading volume and turnover rates for leading stocks were significant, with Shennong Seed Industry showing a turnover rate of 53.68% [3][4] - Other notable stocks included Jincheng Pharmaceutical and Top Cloud Agriculture, with net inflows of 26.61 million yuan and 24.76 million yuan respectively [3]

证券代码：600313 证券简称：农发种业 公告编号：临 2025-020 中农发种业集团股份有限公司 关于向控股子公司河南地神提供借款的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 提供借款金额：公司拟向控股子公司河南黄泛区地神种业有限公司提供 总额2亿元借款，每批借款期限不超过12个月，资金占用费按年利率3%执行。 ● 履行的审议程序：公司第七届董事会第四十九次会议审议通过了上述事 项。 一、借款事项概述 公司控股子公司--河南黄泛区地神种业有限公司（下称"河南地神"）收购 小麦种子以及开展专用订单粮业务，除自有资金外，尚有资金缺口，为支持河南 地神生产经营和发展，根据经营班子研究，并结合公司当前实际情况，董事会同 意向河南地神提供总额 2 亿元（人民币）的借款，可分批分期借款，每批借款期 限不超过 12 个月，资金占用费按年利率 3%执行。 公司向河南地神提供借款，有利于促进河南地神的生产经营和发展，不影响 公司正常业务开展及资金使用，不属于上海证券交易所《股票上市规则》等规定 的不得提供财务 ...

Core Points - The company plans to provide a loan of 200 million RMB to its subsidiary, Henan Dishen Seed Industry Co., Ltd., with a maximum loan term of 12 months and an annual interest rate of 3% [1][2][4] - The loan aims to support Henan Dishen's operations and development, specifically for the acquisition of wheat seeds and specialized order grain business [1][2][3] - The board of directors has approved the loan, and it does not require shareholder approval under relevant regulations [1][2] Loan Details - The total loan amount is 200 million RMB, which can be disbursed in batches, with each batch having a maximum term of 12 months [1][3] - The loan will be used for purchasing agricultural seeds and conducting specialized grain business [3] - The company will monitor Henan Dishen's financial status and repayment ability to mitigate risks associated with the loan [4][5] Subsidiary Information - Henan Dishen Seed Industry Co., Ltd. has a registered capital of 100 million RMB and is primarily engaged in agricultural seed production and trade [2][3] - As of December 31, 2024, Henan Dishen's total assets were approximately 695.62 million RMB, with total liabilities of about 313.23 million RMB and a net profit of approximately 47.88 million RMB [2][3] Board Opinion - The board believes that the loan will enhance Henan Dishen's liquidity and promote its operational growth, with manageable risks [4][5] - The company will maintain control over Henan Dishen's operations and financial usage during the loan period [4][5]

Market Overview - The Shanghai Composite Index fell by 0.13% on July 9, with 17 out of the 28 sectors rising, led by Media and Agriculture, Forestry, Animal Husbandry, and Fishery, which increased by 1.35% and 0.65% respectively [2] - The sectors with the largest declines were Non-ferrous Metals and Basic Chemicals, which dropped by 2.26% and 0.85% respectively [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 38.536 billion yuan, with only three sectors experiencing net inflows: Media (1.055 billion yuan), Retail (864 million yuan), and Construction Decoration (40.34 million yuan) [2] - The Electronic sector saw the largest net outflow, amounting to 7.789 billion yuan, followed by Non-ferrous Metals with 5.412 billion yuan [2] Agriculture, Forestry, Animal Husbandry, and Fishery Sector - The Agriculture, Forestry, Animal Husbandry, and Fishery sector rose by 0.65% despite a net capital outflow of 437 million yuan [3] - Out of 103 stocks in this sector, 40 stocks increased, with one hitting the daily limit, while 55 stocks declined [3] - The top three stocks with net inflows were Xinwufeng (31.4665 million yuan), Haida Group (28.3706 million yuan), and Juxing Agriculture (21.9941 million yuan) [3][4] Top Gainers and Losers in Agriculture, Forestry, Animal Husbandry, and Fishery - **Top Gainers**: - Xinwufeng: +0.65%, 4.20% turnover, 31.4665 million yuan inflow [4] - Juxing Agriculture: +0.76%, 4.49% turnover, 21.9941 million yuan inflow [4] - **Top Losers**: - Muyuan Foods: -3.27%, 1.81% turnover, 71.5922 million yuan outflow [5] - Guolian Aquatic Products: -1.76%, 8.74% turnover, 45.2607 million yuan outflow [5]

证券代码：600313 证券简称：农发种业 公告编号：临 2025-019 中农发种业集团股份有限公司 关于小麦新品种通过国家审定的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中农发种业集团股份有限公司所属子公司自主培育的 1 个小麦新品种已经 第五届国家农作物品种审定委员会第六次主任委员会会议审定通过，具体情况如 下： | 审定编号 | | 品种名称 | 申请者 | 品种来源 | | 适宜种植区域 | | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 适宜在黄淮冬麦区南片水地组 | | | | | | | | 的河南省除信阳市（淮河以南 | | | | | 河南黄泛区 | | | 稻茬麦区）和南阳市南部部分 | | | | | | 泛 麦 | 5 | 号 | | | | | 地神种业有 | | | 地区以外的平原灌区，陕西省 | | 国 审 | 麦 | 临泛麦 9 号 | 限公司、安 | /PH82-2-2// | | 西安、渭南、咸阳、铜川和宝 | ...

智通财经7月8日电，农发种业(600313.SH)公告称，公司所属子公司自主培育的小麦新品种"泛麦9号"已 通过国家审定。该品种适宜在黄淮冬麦区南片水地组的河南省除信阳市（淮河以南稻茬麦区）和南阳市 南部部分地区以外的平原灌区，以及陕西、江苏、安徽等地区的高中水肥地块早中茬种植。这将为公司 的持续健康发展提供强有力的品种支撑，公司将积极开拓市场，提高市场占有率。 农发种业：公司小麦新品种通过国家审定 ...

Core Viewpoint - The corn industry is a strategic pillar for China's food security, with significant growth in planting area, yield, and total production expected in 2024, despite short-term market adjustments due to international price fluctuations and rising costs [1][8][14]. Group 1: Industry Overview - The corn processing industry in China has developed a complete industrial chain, from primary processing to modern biobased material research, becoming a key hub for agricultural production and industrial manufacturing [1][5][14]. - Corn processing can be categorized into primary processing and deep processing, producing various products for food, feed, and industrial applications [2][3][5]. Group 2: Current Development Status - In 2024, China's corn planting area is projected to reach 44.74 million hectares, a year-on-year increase of 1.18%, with a yield of 439.4 kg/mu, contributing to a total production of 294.92 million tons, a 2.1% increase from the previous year [1][8][10]. - The total corn consumption in 2024 is expected to reach 31.78 million tons, with industrial consumption growing by 3.07% to 7.94 million tons, driven by innovations in deep processing [12][14]. Group 3: Market Trends - The corn deep processing market size is expected to adjust to 190 billion yuan in 2024, down 6.4% from its peak in 2022, but the long-term growth trend remains solid [1][14]. - The corn processing industry is transitioning towards green and low-carbon practices, focusing on high-value product development such as polylactic acid and functional sugars [24][25][26]. Group 4: Competitive Landscape - The corn deep processing industry in China has a tiered competitive structure, with leading companies like COFCO Technology and Meihua Biological occupying the top tier, focusing on high-value products [20][22]. - The market for corn starch is highly concentrated, with top companies holding over 44% market share, and there is a trend towards differentiation and expansion into biobased materials and other emerging fields [22][24].

证券代码：600313 证券简称：农发种业 公告编号：临 2025-018 中农发种业集团股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 691 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 389,396,112 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 35.9819 | 1、 议案名称：董事会 2024 年度工作报告 审议结果：通过 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | ...