Core Viewpoint - The Intercontinental Exchange (ICE) agricultural futures saw a decline across all major contracts on November 13, with significant drops in various commodities [1] Group 1: Commodity Price Movements - Raw sugar futures decreased by 0.62%, closing at 14.43 cents per pound [1] - Cotton futures fell by 0.35%, ending at 64.58 cents per pound [1] - Cocoa futures experienced a decline of 2.57%, closing at $5,609 per ton [1] - Coffee futures dropped by 1.08%, finishing at 372.60 cents per pound [1]

（文章来源：每日经济新闻） 每经AI快讯，当地时间11月13日，芝加哥期货交易所（CBOT）农产品期货主力合约收盘多数上涨，大 豆期货涨1.08%报1146.00美分/蒲式耳，玉米期货涨1.61%报442.25美分/蒲式耳，小麦期货跌0.18%报 551.50美分/蒲式耳。 ...

Core Insights - The White House has announced that Guatemala has committed to addressing and preventing barriers to U.S. agricultural products in its market [1] Group 1 - Guatemala's commitment is aimed at resolving issues that hinder U.S. agricultural exports [1] - The agreement signifies a potential improvement in trade relations between the U.S. and Guatemala [1]

Core Viewpoint - The White House indicates that Ecuador plans to impose tariff quotas on several other agricultural products [1] Group 1 - Ecuador is considering setting tariff quotas on additional agricultural products beyond those currently affected [1]

Core Viewpoint - The company emphasizes a "steady and orderly" approach to capital investment, dynamically allocating resources based on project progress and investment attraction [1] Group 1: Capital Investment Strategy - The company adheres to a principle of "steady and orderly" capital investment [1] - Resource allocation is adjusted dynamically according to project progress and investment attraction [1] Group 2: Shareholder Returns - The company prioritizes long-term stable cash dividends in its shareholder return strategy [1] - The dividend strategy is formulated considering various factors, including current and future profit scale, cash flow status, development stage, project investment needs, and financing environment [1]

Core Viewpoint - The company has developed a comprehensive agricultural product wholesale market network across over 20 major cities in China, establishing itself as a leader in the agricultural product logistics sector [1] Group 1: Company Development - After 36 years of development, the company has invested in 35 physical agricultural product logistics park projects [1] - The company has built the largest agricultural product wholesale market network in China, showcasing extensive operational experience and a strong management talent pool in the agricultural wholesale market [1] Group 2: Industry Positioning - The company focuses on the agricultural product circulation sector, extending its operations from wholesale markets to the entire agricultural product supply chain [1] - It integrates global partner resources to deeply explore the value of the supply chain, providing a one-stop service that includes wholesale trading venues, base certification, food safety testing, brand cultivation, centralized processing and distribution, promotion of quality specialty agricultural products, production and sales docking, and import/export services [1] Group 3: New Development Pattern - The company has established a new development pattern that features domestic wholesale markets as the main body, with interlinked domestic and international business and resources that promote mutual sharing and enhancement [1]

Core Viewpoint - The company aims to establish a seafood and aquatic product distribution hub in South China, leveraging its strategic location near the mature Pinghu Haijixing market [1] Group 1: Strategic Initiatives - The company plans to enhance its market position by publicly tendering the management of the Haijixing aquatic product logistics park, specifically segment A, to introduce professional operational resources [1] - The board has approved the strategy to accelerate market cultivation and scale enhancement through this initiative [1] Group 2: Operational Optimization - The company is actively promoting external cooperation and resource integration to address losses in other markets [1] - Strategies include introducing strategic partners, expanding招商 (investment attraction), and integrating surrounding resources to gradually optimize the business model and improve operational efficiency [1] - The goal is to enhance market vitality through these efforts [1]

证券日报网讯农产品11月13日发布公告，在公司回答调研者提问时表示，线上连锁新零售业态的发展与 农批市场之间主要呈现互补共存、协同联动的特点。作为农产品流通体系的下游环节，新零售业态与上 游农批市场形成高效供应链联动。由于生鲜农产品具有显著非标准化特性，且易腐难储，农产品批发市 场凭借其高效的集散能力与灵活的供需调配机制，在流通体系中持续发挥着主渠道作用。公司正积极推 动全产业链布局和数字化转型，通过数字化、智能化工具赋能伙伴商户，深度挖掘市场数据价值，从而 强化对整个流通链条的服务能力，进一步提升农批市场作为供应链核心枢纽的支撑作用。 ...

New Stock Issuance - Cash option declaration period for Hangzhou Steam Turbine (200771) is from November 19 to November 25, 2025[1] - Acquisition request period for Hailianxun (300277) is from November 12 to November 18, 2025[1] Trading Alerts - Severe abnormal fluctuation reported for Haike Xinyuan (301292) on November 11, 2025[1] - Abnormal fluctuation noted for ST Yuancheng (603388) on November 11, 2025[1] Company Announcements - Announcement for Tianji Co., Ltd. (002759) on November 13, 2025[1] - Announcement for Huatong Technology (688109) on November 13, 2025[1] Other Notable Events - ST Meigu (000615) reported on November 13, 2025[1] - ST Zhongdi (000609) reported on November 13, 2025[1]

Group 1 - The Shenzhen state-owned enterprise reform concept index declined by 0.24%, ranking among the top declines in concept sectors, with notable declines in companies such as Shahe Co., Shenzhen Housing A, and Shenzhen Urban Transport [1] - Among the 12 stocks that increased in price, Guotian Group, Guoxin Securities, and Te Fa Information had the highest gains of 1.57%, 1.51%, and 1.07% respectively [1] - The concept sector saw a net outflow of 450 million yuan from main funds, with 23 stocks experiencing net outflows, and five stocks seeing outflows exceeding 30 million yuan [2] Group 2 - Guoxin Securities had the largest net outflow of main funds at 90.11 million yuan, followed by Shenzhen Urban Transport, Agricultural Products, and Te Fa Services with outflows of 57.70 million yuan, 47.60 million yuan, and 37.62 million yuan respectively [2] - The stocks with the highest net inflows included Te Fa Information, Lihua Science and Technology, and Tianjian Group, with inflows of 10.07 million yuan, 4.79 million yuan, and 4.22 million yuan respectively [2] - The trading volume and turnover rates varied among the stocks, with Guoxin Securities showing a turnover rate of 0.56% and a price increase of 1.51% [3]