本次大会旨在响应产业发展需求，搭建交流合作桥梁，推动行业价值共创。大会以主题演讲与圆桌 对话为核心形式，聚焦农粮产业数字化转型，围绕农粮产业互联网发展、人工智能应用等行业前沿趋 势，覆盖国内粮食科学种植、创新交易、高效运输、产融结合等热点话题，共话农粮产业数智化发展的 新路径。本次大会获得中国粮食行业协会、中国粮食商业协会、中国信息协会产业互联网分会的大力支 持，农粮行业顶尖专家、龙头企业代表、技术专家、业务精英共300余人汇聚出席。 我国农粮产业已奠定坚实发展基础，粮食产量已站上1.4万亿斤台阶，为经济社会平稳运行提供了 重要支撑。当前，在供需结构持续升级、资源条件约束趋紧的背景下，产业链仍面临韧性不足、协同效 率有待提升等挑战。在产业互联网成为国家战略的背景下，作为大宗农粮交易一站式服务平台，粮达网 依托中粮贸易、招商港口、中粮资本央企股东背景，构建了"线上交易+电子签章+金融服务+物流服务 +行情资讯"的全链条服务体系，解决大宗农粮流通过程信息传递、定价方式、合同签批、资金支付、 物流运输、商务处理、履约保证等方面存在的痛点和堵点，以"多、省、快、好、稳"为价值主张，为行 业提供高效解决方案。 数字技术 ...

11月18日，新时代民营经济人士培育赋能第六期培训班在江苏南通张謇企业家学院开班。 培训将于11月21日结束。参训年轻企业家表示，将珍惜机会、用心学习，努力把培训所得转化为推 动企业高质量发展的实际行动。 责编：郭霁瑶 培训班由国家发展改革委联合中央统战部、全国工商联共同举办，来自各地区的130余名年轻民营 企业家代表参加培训。 本期培训深入学习贯彻党的二十届四中全会精神和民营企业座谈会上精神，聚焦人工智能应 用、"两新"政策解读、弘扬企业家精神等内容，安排专家学者辅导报告、实地参观调研、学员交流分享 等环节，并邀请民营企业家结合企业生产经营实践分享优秀管理经验。 ...

Core Viewpoint - The article discusses the withdrawal difficulties faced by investors in the "Liuke Yunbang" and "Xiaogu Fengshou" apps, both operated by the Mengda Group, highlighting a potential financial crisis within the company and investor concerns regarding the safety of their funds [1][2][3]. Group 1: Withdrawal Issues - Since November 2025, investors have reported difficulties in withdrawing funds from the "Liuke Yunbang" app, with many unable to access their money despite multiple attempts [2][4]. - The withdrawal issues began after the National Day holiday in 2025, initially affecting large withdrawals before escalating to all amounts being stuck in the platform [2][4]. - The Mengda Group has proposed a repayment plan that categorizes unpaid amounts into four tiers, with varying repayment timelines and conditions, including equity conversion for larger investments [3][8]. Group 2: Company Background - "Liuke Yunbang" was launched in 2021 and is operated by Dongguan Mengda Data Technology Co., Ltd., part of the Mengda Group, which has received investments from notable institutions [3][4]. - The Mengda Group also operates other platforms, including "Xiaogu Fengshou," which entered the liquor industry in 2023, promising fixed annual returns and claiming bank supervision of funds [3][4]. Group 3: Investor Reactions - Over 3,000 investors are reportedly involved, with total funds exceeding several billion yuan, leading to widespread panic and distrust in the company's assurances [4][6]. - Many investors have expressed their frustrations online, with some filing police reports against the Mengda Group for suspected contract fraud [4][6]. - The company's communication regarding the crisis has been met with skepticism, as investors doubt the feasibility of the proposed repayment plan and the company's ability to fulfill its commitments [4][19]. Group 4: Operational Challenges - The company cited external events and economic downturns as contributing factors to its liquidity issues, including a protective freeze on bank accounts due to investigations into money laundering [7][8]. - The Mengda Group has acknowledged losses due to overdue payments from client companies, many of which are small and medium-sized enterprises facing operational difficulties [7][8]. - Despite the crisis, the company claims that other business segments remain operational, although investor confidence has significantly waned [7][8].

Group 1 - Chongqing Chuangyuan Zhihang Technology Co., Ltd. was established on November 14, with a registered capital of 100 million RMB [1] - The company is involved in integrated circuit design, integrated circuit chip design and services, sales of integrated circuit chips and products, and artificial intelligence application software development [1] - The company is jointly held by Aixin Yuan Zhi Semiconductor (Chongqing) Co., Ltd., OmniVision Technologies (603501), and NIO's Anhui Shenji Technology Co., Ltd. [1]

一场盛会撬动全球化工变革：2026 济南国际化工装备展解码智能制造新蓝图 工厂、跨产业链的数据共享，从供应链溯源到生产计划协同，呼应着 "2030 年 80% 化工企业完成工业互联网改造" 的行业预测，为产业集群化发展提供技术 支撑。 趋势二：绿色与智造双轮驱动，低碳技术成核心竞争力 在 "双碳" 战略与黄河流域生态保护政策的双重指引下，"绿色 + 智能" 的融合创新成为化工装备行业的核心竞争力。本届展会不仅设立 "环保与循环经济主 题论坛"，更将绿色理念贯穿八大展品板块，形成全方位低碳技术展示矩阵。传热传质设备展区的高效换热器、工业冷却机组，通过智能化控制实现 10%-20% 的能源利用率提升；干燥分离设备板块的资源化利用装备，结合物联网监控最大化废弃物回收效率，与生物制造展区的酶催化技术形成协同，开 辟绿色化工新路径。 数字化低碳管理系统成为企业转型关键工具，展会展示的碳足迹追踪平台可精准核算全流程碳排放，搭配碳汇技术解决方案，为企业提供从监测到减排的全 流程实操方案。政策层面的税收优惠与资金补贴进一步加速技术落地，推动 "能源高效利用、环保设备升级、资源循环" 三大方向成为行业竞争焦点。依托 山东 "中 ...

Core Insights - The 8th China International Import Expo (CIIE) showcased the Shaanxi Provincial Trade Group's commitment to high-quality participation, achieving significant procurement and cooperation outcomes [1][2][3] Group 1: Participation and Achievements - A total of 1,255 units from Shaanxi registered for the expo, with 4,132 professional attendees, indicating a steady improvement in both scale and quality compared to previous years [1] - The trade group achieved 48 transaction intentions with a total value of 2.538 billion yuan, including 21 signed procurement projects worth 674 million yuan [1] Group 2: Focus Areas and Collaborations - The trade group emphasized key sectors such as artificial intelligence, high-end equipment manufacturing, and new materials, conducting 16 targeted investment activities and establishing connections with 68 Fortune 500 foreign enterprises [2] - Fund project roadshows and industry promotion events led to signed cooperation agreements totaling 3 billion yuan, with 12 investment projects planned, amounting to an initial investment of 64.6 million yuan [2] Group 3: Cultural Exchange and Promotion - The trade group created cultural initiatives like the "National Level Pedestrian Street Exhibition" and "Shaanxi City Reception Hall Exhibition," featuring 47 representative enterprises [2] - On-site sales of Shaanxi specialty products reached 1.2729 million yuan, with 1,389 potential cooperation enterprises and an expected signing amount of 28.285 million yuan [2]

Core Points - The "Guizhou Connects the World (Africa Station)" economic and trade cooperation exchange meeting between Guangxi and the Democratic Republic of the Congo (DRC) was held in Nanning on November 12 [1] - The meeting facilitated in-depth exchanges between the DRC's Ministry of Infrastructure and Public Works and Guangxi enterprises across various sectors, including transportation, construction, machinery manufacturing, steelmaking, mining, agriculture, and trade [2] - Guangxi and the DRC have been deepening their interactions in recent years, establishing a favorable environment for multi-sectoral cooperation, particularly in economic investment, infrastructure, agriculture, mining, AI applications, and education and training [2] Industry Insights - The "Guizhou Connects the World" initiative is a brand promoted by the Guangxi Council for the Promotion of International Trade to expand Guangxi enterprises' international cooperation under the Belt and Road Initiative, having previously hosted events in various countries [2]

天眼查App显示，近日，广州元衡健康食品有限公司成立，注册资本30万人民币，经营范围为技术进出 口;货物进出口;以自有资金从事投资活动;食用农产品零售;非食用农产品初加工;非食用鱼油及制品销售; 初级农产品收购;食品进出口;食品互联网销售（仅销售预包装食品）;食品销售（仅销售预包装食品）; 保健食品（预包装）销售;食品用洗涤剂销售;化妆品零售;技术服务、技术开发、技术咨询、技术交流、 技术转让、技术推广;化妆品批发;卫生用品和一次性使用医疗用品销售;信息系统集成服务;软件开发;国 内贸易代理;销售代理;互联网销售（除销售需要许可的商品）;健康咨询服务（不含诊疗服务）;远程健 康管理服务;人工智能行业应用系统集成服务;食用农产品批发。 ...

Financial Data and Key Metrics Changes - Revenues for the third quarter amounted to $4.6 billion, a 12% decrease year-on-year, reflecting a 13% decline in Brent prices [3][4] - Adjusted EBITDA reached approximately $1.4 billion, showing a sequential increase of over 20% while remaining flat compared to the previous year [3][4] - Free cash flow was negative at $759 million, primarily due to the acquisition of shale assets and the impact of the mature field exit strategy [7][8] Business Line Data and Key Metrics Changes - Shale production increased by 35% year-on-year, reaching 170,000 barrels per day, with preliminary figures indicating a further increase to 190,000 barrels per day in October [4][12] - The downstream segment achieved the highest processing level since 2009 at 326,000 barrels per day, a 9% increase year-on-year [6][21] - Oil production averaged 240,000 barrels per day, down 3% sequentially and 6% year-on-year, while natural gas production totaled 38.4 million cubic meters per day, down 3% sequentially [11][12] Market Data and Key Metrics Changes - Crude oil realization price averaged $60 per barrel, flat sequentially but down 12% year-on-year [12] - Natural gas prices increased by 6% quarter-over-quarter to an average of $4.3 per MBTU [12] Company Strategy and Development Direction - The company continues to focus on developing unconventional resources, with 70% of total quarterly investment directed towards shale operations [5][8] - YPF aims to become a 100% pure shale player with an efficient lifting cost structure of around $5 per BOE in the near future [18] - The Argentina LNG project is progressing, with a technical FID signed for a fully integrated LNG project expandable to 18 million tons per year [9][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining profitability despite international price contractions, driven by an improved production mix and operational efficiencies [3][4] - The company anticipates a clean year in 2026, with improved visibility on results and value creation for shareholders [53] Other Important Information - Net debt increased to $9.6 billion, with a net leverage ratio of 2.1 times, but pro forma adjustments would show a lower ratio [8][28] - The La Plata Refinery was recognized as the Refinery of the Year in Latin America, reflecting operational excellence [6][24] Q&A Session Summary Question: Production growth outlook for 2026 and 2027 - Management expects production to average around 215,000 barrels per day in 2026 and 290,000 barrels per day in 2027 [34] Question: Developments regarding the Refinor asset and refining portfolio - The Refinor asset provides logistical advantages, and management is focused on maximizing shareholder value through strategic decisions [35] Question: Future M&A activity and capital allocation - The company will remain active in portfolio management but does not foresee major acquisitions in the near term [36][37] Question: Working capital losses and future expectations - Negative working capital was driven by seasonality and longer collection days, with normalization expected in the coming quarters [42][44] Question: Lifting costs trajectory and leverage comfort level - Management aims to reduce unit costs and is comfortable with the current leverage ratio, expecting a reduction in 2026 [45][46]

Core Viewpoint - The article discusses the implementation opinions issued by the State Council of China aimed at accelerating the cultivation and large-scale application of new scenarios across various sectors, focusing on five key areas and proposing 22 categories of priority fields for development [1][3]. Group 1: Digital Economy and Technology - In the digital economy sector, the focus is on leveraging data elements, supporting technological innovation in data analysis, circulation, and security, and exploring applications of technologies like the metaverse and virtual reality in various fields [3][10]. - The artificial intelligence sector emphasizes the need for breakthroughs in core technologies and the cultivation of high-value application scenarios to meet diverse development needs [3][11]. - The integration of new information technologies such as big data and IoT into healthcare applications is highlighted, aiming to innovate medical services and improve health management [4][18]. Group 2: Manufacturing and Industry - The manufacturing sector aims to innovate in smart manufacturing, green manufacturing, and service-oriented manufacturing, with a focus on developing flexible production lines and smart factories [3][13]. - The article emphasizes the importance of supporting key manufacturing enterprises in opening application scenarios for self-developed software and industrial applications [3][13]. - In the agricultural sector, there is a push for digital applications in breeding and cultivation, enhancing the overall level of plant and animal breeding [3][14]. Group 3: Social Governance and Public Services - The article discusses the need for innovative applications in emergency management, focusing on digital scenarios for disaster response and recovery [3][15]. - In the realm of social governance, the promotion of smart government services through intelligent appointment and identity verification is emphasized [3][16]. - The development of rural areas is also addressed, with a focus on building digital villages and enhancing information application levels [3][17]. Group 4: Consumer and Lifestyle Integration - The integration of various sectors such as commerce, culture, tourism, and health is encouraged to create new consumer scenarios that leverage technologies like 5G and virtual reality [3][19]. - The article highlights the importance of creating immersive and interactive consumer experiences to drive engagement and economic activity [3][19]. Group 5: Scene Opening and Resource Allocation - There is a strong emphasis on increasing the openness of various application scenarios and fostering cross-regional collaboration to enhance resource allocation efficiency [3][20]. - The article calls for the establishment of fair and efficient resource allocation rules to ensure equitable participation in the development and utilization of scene resources [3][20]. - The need for policy support and management systems to facilitate the cultivation and opening of new scenarios is also discussed [3][22].