Group 1 - The company announced the appointment of Ms. Tan Haixia as a member of the audit committee, effective from December 31, 2025 [1] - Ms. Li Bizhi has been appointed as the chairperson of the audit committee, effective from December 31, 2025 [1] - Both Ms. Li and Mr. Ke Xionghan have been appointed as members of the nomination committee, effective from December 31, 2025 [1] Group 2 - Mr. Chen Zhifeng has been appointed as the chairperson of the nomination committee, effective from December 31, 2025 [1] - Mr. Ke and Mr. Zheng Yuchun have been appointed as members of the remuneration committee, effective from December 31, 2025 [1]

Core Viewpoint - The company has announced significant changes in its board and committee memberships, effective December 31, 2025, which may impact its governance structure and oversight functions [1] Group 1: Board Appointments - Ms. Qin Haixia has been appointed as a member of the Audit Committee [1] - Ms. Li Bizhi has been appointed as the Chair of the Audit Committee [1] - Mr. Ke Xionghan and Ms. Li Bizhi have been appointed as members of the Nomination Committee [1] - Mr. Chen Zhifeng has been appointed as the Chair of the Nomination Committee [1] - Mr. Ke Xionghan and Mr. Zheng Yuchun have been appointed as members of the Compensation Committee [1]

格隆汇12月31日丨中国北大荒(00039.HK)公告，公司非执行董事覃海霞已获委任为公司审核委员会成 员，自2025年12月31日起生效。公司独立非执行董事兼审核委员会成员黎碧芝已获委任为审核委员会主 席，自2025年12月31日起生效。 ...

Core Viewpoint - The integration of financial support and technological advancements in the agricultural sector, particularly in Heilongjiang, is enhancing grain collection efficiency and ensuring food security through a comprehensive financial support system for the entire agricultural supply chain [1][2][9]. Financial Support for Agricultural Supply Chain - The People's Bank of China (PBOC) in Heilongjiang is guiding banks to provide precise financial support for rice procurement, ensuring timely funding during the harvest season, which has led to an increase in agricultural loans from 929.61 billion yuan at the beginning of 2023 to 1,029.43 billion yuan by the end of November 2025 [1]. - Agricultural Development Bank of China (ADBC) in Heilongjiang maintains a stable loan scale of around 400 billion yuan, supporting the entire grain supply chain and introducing innovative loan models like "Value Preservation Loan" and "Supply Chain Loan" [2]. - Agricultural Bank of China (ABC) is implementing a "5+7" service action plan to support key agricultural industries, with a loan balance exceeding 35 billion yuan, focusing on brand agriculture and innovative credit models [3]. Risk Management in Agricultural Finance - Financial institutions are increasingly focusing on risk management as they enhance support for agricultural entities, addressing the transmission of agricultural risks to financial operations [6]. - The "Insurance + Futures" model has been explored since 2016 to mitigate risks associated with agricultural price fluctuations, benefiting numerous farmers and stabilizing income [7]. - Sunshine Agricultural Mutual Insurance Company has provided comprehensive cost insurance for major crops, covering 47.03 million acres and offering risk protection of 43.73 billion yuan, significantly increasing the coverage compared to previous models [8]. Modern Agricultural Financial Ecosystem - Heilongjiang's approach to building a modern agricultural financial service ecosystem represents a significant structural reform in financial supply, enhancing the resilience of the grain industry against various shocks [9].

Investment Rating - The report maintains a "Positive" investment rating for the agriculture industry [5] Core Views - The report highlights a structural shortage in the pig industry, with pessimistic expectations likely to be corrected [2] - The report emphasizes the acceleration of capacity reduction in the pig farming sector, driven by recent policies and market conditions, which is expected to enhance long-term performance in the sector [3] Summary by Sections Investment Recommendations and Targets - The report recommends a positive outlook on the pig farming sector, suggesting that recent policies and market dynamics will drive capacity reduction, benefiting long-term performance. Key stocks include Muyuan Foods (002714, Buy), Wens Foodstuff Group (300498, Buy), and Shennong Group (605296, Not Rated) [3] - For the post-cycle sector, the report notes a continuing structural growth trend, with potential profit transmission down the supply chain if the current capacity reduction in pig farming proceeds smoothly. Relevant stocks include Haida Group (002311, Buy) and Reap Bio (300119, Not Rated) [3] - In the planting chain, the report indicates a confirmed upward trend in grain prices, with favorable fundamentals for planting and seed industries, highlighting significant investment opportunities. Related stocks include Suqian Agricultural Development (601952, Not Rated), Beidahuang (600598, Not Rated), Hainan Rubber (601118, Not Rated), and Longping High-Tech (000998, Not Rated) [3] - The pet sector is noted for being in a phase of growth and price increases, with continuous expansion in overseas markets and rising domestic brand recognition. Key stocks include Guibao Pet (301498, Not Rated), Zhongchong Co. (002891, Not Rated), and Petty Holdings (300673, Not Rated) [3] Industry Fundamentals - The report discusses the acceleration of capacity reduction in the pig industry, with the average price of live pigs as of December 26 at 11.63 CNY/kg, reflecting a week-on-week increase of 0.43% [13] - The report notes that the supply side is experiencing structural shortages, leading to price increases for medium and large pigs, with expectations of increased sales activity from smallholders as the New Year approaches [13] - The report also covers the white feather broiler chicken market, indicating a return to low volatility with prices rising to 7.82 CNY/kg, a week-on-week increase of 6.39% [19] - The report highlights the feed sector, noting that raw material prices are stabilizing at the bottom, with corn prices at 2338.63 CNY/ton, down 0.43% week-on-week, and soybean meal prices at 3174.86 CNY/ton, up 1.20% [29]

本次活动在智慧农业领域重点展示大数据、人工智能等前沿技术的深化应用，协同推进智能农机装备的 普及，加快农业生产向智能化、精准化转型，有效提升农业综合生产能力，为持续提高区域粮食产量与 品质、探索耕地资源可持续利用新路径提供了有力支撑。 签约仪式 现场。张永刚 摄 中新网哈尔滨12月25日电(记者 王妮娜)12月25日，2025年第四季度佳木斯(建三江)国家农业高新技术产 业示范区科技创新成果发布会暨成果转化签约仪式在北大荒集团建三江分公司举行。发布会聚焦种质资 源创新、黑土地保护、智慧农业、高端智能农机装备、农产品精深加工五大领域，共发布28项新技术、 新产品与新成果。 当日活动 现场。张永刚 摄 北大荒集团建三江分公司(以下简称"建三江")位于我国建三江平原，这里因盛产水稻而被誉为"北大 仓"，这里是我国耕地规模最大、现代化程度最高、综合生产能力最强的国家级重要商品粮基地。 此外，多家单位还与相关高校、企业围绕科技创新、智慧农业、成果转化等重点领域签订了多项合作协 议，进一步构建了产学研用协同联动的合作桥梁。 活动同期举办了"问'稻'未来——寒地农业科技论坛"。论坛邀请了中国农业大学、扬州大学、华中农业 大 ...

Core Insights - The company is focusing on the "Three Major and One Aircraft Carrier" strategic goals by 2025, utilizing the "Beian Model" and the "Torch Model" for integrated agricultural development [1][2] - The farm achieved impressive yields with soybeans at 567.4 jin per mu and corn at 1737 jin per mu, indicating a dual improvement in quality and efficiency [1] - The integration of technology in agriculture is emphasized, with practices such as precision planting, green pest control using fixed-wing aircraft, and efficient harvesting with combine harvesters [1] Group 1: Technological Integration - The farm implements a deep integration of "good fields, good seeds, good opportunities, good methods, and good systems" to enhance agricultural productivity [1] - The use of smart planting machines and collaborative pest control methods demonstrates a shift from traditional farming to technology-driven practices [1] - A grid management model ensures that each plot of land has a dedicated "technical steward," promoting a transition from experience-based farming to technology-based income generation [1] Group 2: Community Engagement and Support - The farm's "Torch Model" promotes high-standard demonstration fields in collaboration with surrounding towns, helping 60% of local farmers adopt high-yield technologies [2] - Investment of 13.49 million yuan in 15 livelihood projects reflects the farm's commitment to community welfare and support for farmers [2] - The farm's party committee is actively involved in addressing technical challenges faced by farmers, with training sessions reaching over 200 participants [2] Group 3: Future Development Goals - The farm aims to continue deepening the "Five Good Integration" and expanding the connotation of the "Torch Model" to further enhance rural revitalization efforts [2] - The focus on party leadership and technological innovation is seen as a foundation for sustainable agricultural development [2] - The ongoing commitment to community engagement and support is expected to yield significant benefits for local farmers and the agricultural sector as a whole [2]

清晨5点，北大荒集团勤得利农场公路站闻令而动，第一时间启动清雪应急预案，兵分多路奔赴各条干 线公路。作业现场，黄色铲雪车轰鸣穿梭，宽大的推雪板将路面厚雪快速推至路肩，原本积雪封路的路 面随即恢复整洁通畅。工作人员顶风冒雪、坚守一线，重点针对弯道、坡道等易滑高危路段，加大清雪 作业频次与力度，同步做好积雪结冰隐患排查防范，确保道路通行条件持续稳定。 （徐祯禄 井淼） （来源：黑龙江日报） 转自：黑龙江日报 近日，漫天风雪席卷勤得利场区，沿线公路被皑皑积雪覆盖，路面湿滑难行，群众出行安全面临严峻考 验。 今年冬季以来，农场公路站以"提前部署、快速响应"的工作节奏，高效完成多轮清雪任务，及时消除道 路通行风险，为群众冬季安全出行筑牢坚实防线。 ...

Core Viewpoint - The North China Agricultural Group aims to achieve a total grain production of 46.314 billion jin by 2025, driven by a modern agricultural management revolution centered on "good systems" [1] Group 1: Agricultural Management Innovations - The "six unifications" management model focuses on large-scale operations to ensure balanced high yields across all planting areas and processes [2] - The integration of fragmented land into large-scale planting units allows for efficient use of modern agricultural equipment and standardized production [2][3] - A three-tiered supervision system has been established to ensure precise implementation of agricultural practices, achieving both cost reduction and yield enhancement [3] Group 2: Mechanism Innovations - The North China Agricultural Group has implemented a competitive mechanism to motivate farmers, including monthly evaluations based on key performance indicators [6] - Directly linking service payments to final grain yields encourages accurate execution of agricultural measures [6] - Professional technical service teams provide comprehensive guidance, while demonstration teams facilitate peer-to-peer learning of new technologies [6] Group 3: Standardization and Technical Integration - The "good systems" approach has transformed traditional agricultural practices into standardized, replicable processes, laying a solid foundation for balanced yield increases [4][7] - The establishment of a comprehensive responsibility system ensures that agricultural standards are effectively implemented throughout the production cycle [7][8] - The North China Agricultural Group has created numerous high-yield demonstration fields and tailored local production strategies to enhance overall productivity [8]

北大荒所属申万行业为：农林牧渔-种植业-粮食种植。所属概念板块包括：种业、土地流转、乡村振 兴、生态农业、区块链等。 截至9月30日，北大荒股东户数10.45万，较上期减少10.26%；人均流通股17013股，较上期增加 11.43%。2025年1月-9月，北大荒实现营业收入41.08亿元，同比减少5.73%；归母净利润13.57亿元，同 比增长0.70%。 分红方面，北大荒A股上市后累计派现111.57亿元。近三年，累计派现25.07亿元。 12月19日，北大荒盘中上涨2.06%，截至13:18，报14.85元/股，成交2.98亿元，换手率1.14%，总市值 263.99亿元。 资金流向方面，主力资金净流入296.55万元，特大单买入3372.69万元，占比11.30%，卖出2775.99万 元，占比9.30%；大单买入7391.66万元，占比24.76%，卖出7691.81万元，占比25.77%。 北大荒今年以来股价涨4.58%，近5个交易日涨0.81%，近20日涨0.07%，近60日涨2.63%。 今年以来北大荒已经2次登上龙虎榜，最近一次登上龙虎榜为4月11日，当日龙虎榜净买入-1.78亿元； 买入总 ...