徐光洪介绍了中华全国供销合作总社和中国供销集团业务布局和发展情况。他说，广州作为粤港澳大湾 区核心引擎，区位优势独特、发展动能强劲。总社将发挥好供销系统资源优势，进一步深化与广州在智 慧农业、冷链物流、循环经济等领域的务实合作，助力广州农业农村现代化迈上新台阶。 根据广州市政府与中国供销集团签署的战略合作框架协议，双方将发挥自身领域综合优势，在农产品供 应链建设、循环经济、城市地下空间开发与利用、粮食仓储物流等项目和领域开展深层次合作。 10月23日上午，广州市政府与中国供销集团在穗签署战略合作框架协议。市长孙志洋、中华全国供销合 作总社党组成员徐光洪出席并见证协议签署。副市长胡浩、中国供销集团总经理葛书院代表双方签署协 议。 孙志洋对中华全国供销合作总社、中国供销集团长期以来对广州的关心与支持表示感谢。他说，广州是 国家骨干冷链物流基地和农产品进出口重要门户，建立了辐射全球的现代化流通网络。中华全国供销合 作总社和中国供销集团是促进农业农村发展、保障商品供给、服务城乡群众的主力军。希望双方以此次 战略合作为契机，对接契合点、共谋"十五五"，发挥各自优势，持续深化央地协作，合力服务好国家农 业强国战略。 相关 ...

Core Viewpoint - The article emphasizes the significance of the "vegetable basket project" in China, which has transformed the country's food supply system, ensuring food security and diversity in vegetable availability, thus enhancing the quality of life for its citizens [4][42]. Time Scale - Historically, the northern Chinese diet during winter was characterized by monotony and scarcity, relying heavily on winter-stored vegetables like cabbage and potatoes, which reflected the harsh survival conditions [5][6]. - The evolution of dietary habits showcases the shift from a limited selection of winter vegetables to a more diverse and abundant supply, highlighting the progress made in food security [5][10]. Spatial Scale - Comparisons are drawn between China's vegetable supply and that of other countries, such as Germany and the Nordic countries, where vegetable variety is limited, especially during winter [8][9]. - China's vegetable production is projected to reach 800 million tons by 2025, accounting for over 50% of global output, showcasing its dominance in vegetable supply [10]. Vegetable Basket Project - The "vegetable basket project" was initiated in the late 1980s to address food supply shortages in urban areas, establishing a comprehensive system for production, distribution, and regulation to ensure food security [11][12]. - The project has undergone four phases, each focusing on different aspects of food supply and quality improvement, from establishing supply channels to enhancing agricultural technology and quality standards [13][21]. Phases of the Vegetable Basket Project 1. **First Phase (1988-1994)**: Focused on establishing supply channels and ensuring urban food security through the "vegetable basket" responsibility system for local governments [14][15]. 2. **Second Phase (1994-1999)**: Emphasized the development of facility agriculture to overcome seasonal limitations in vegetable production, leading to significant increases in production capacity [17][18]. 3. **Third Phase (1999-2009)**: Aimed at improving food quality and safety standards, introducing new vegetable varieties, and establishing a comprehensive quality management system [21][22]. 4. **Fourth Phase (2010-present)**: Focuses on optimizing the existing framework, enhancing logistics, and ensuring resilience in the food supply system, particularly highlighted during the COVID-19 pandemic [24][28]. Comparison with Western Countries - The article contrasts China's approach to food supply with that of Western countries, noting that China's government actively regulates and supports food supply systems, while Western models prioritize capital efficiency and profit maximization [31][32]. - The differences in political and market structures between China and Western countries have led to varying outcomes in food supply resilience and diversity [36][38]. Conclusion - The "vegetable basket project" represents a significant achievement in China's food security strategy, ensuring that citizens have access to a diverse and stable food supply, which has transformed dietary habits and improved quality of life [42][44].

Core Viewpoint - The company Yinghuate has shown a slight increase in stock price and is recognized as a "specialized and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [1][2]. Company Overview - Yinghuate specializes in the research, development, production, and sales of scroll compressors, primarily used in heat pumps, commercial air conditioning, and refrigeration equipment [3]. - The company was established on November 29, 2011, and went public on July 13, 2023. Its main business revenue composition includes: 36.22% from commercial air conditioning, 32.09% from refrigeration, 28.75% from heat pumps, and 2.77% from electric vehicle applications [7]. Market Position and Performance - Yinghuate has been recognized as a national-level "specialized and innovative" small giant enterprise, which enhances its competitiveness and stability in the supply chain [2]. - In 2022, the company saw a significant increase in orders from Russia due to geopolitical factors and expanded its market presence in India, with the top five export countries being Russia, Brazil, India, Slovakia, and the United States, accounting for 80.16% of export revenue [3]. Financial Performance - As of the first half of 2025, Yinghuate reported a revenue of 243 million yuan, a year-on-year decrease of 7.54%, and a net profit of 9.37 million yuan, down 69.33% year-on-year [8]. - The company has distributed a total of 64.74 million yuan in dividends since its A-share listing [9]. Shareholder and Market Activity - As of October 20, 2023, the number of shareholders decreased by 2.42% to 5,557, while the average circulating shares per person increased by 2.48% to 5,637 [8]. - The stock has experienced a net outflow of 12.82 million yuan from major investors, indicating a reduction in holdings over the past two days [4][5].

Core Viewpoint - Zhonggu Logistics has shown a significant increase in stock price and trading activity, indicating positive market sentiment and potential growth opportunities in the logistics sector [1][2]. Group 1: Stock Performance - As of October 23, Zhonggu Logistics' stock price rose by 2.06% to 11.41 CNY per share, with a trading volume of 139 million CNY and a turnover rate of 0.59%, resulting in a total market capitalization of 23.962 billion CNY [1]. - The stock has increased by 32.98% year-to-date, with a 7.54% rise over the last five trading days, 5.36% over the last 20 days, and 13.76% over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Zhonggu Logistics reported a revenue of 5.338 billion CNY, a year-on-year decrease of 6.99%, while the net profit attributable to shareholders increased by 41.59% to 1.072 billion CNY [1]. - The company has distributed a total of 8.127 billion CNY in dividends since its A-share listing, with 4.386 billion CNY distributed over the past three years [2]. Group 3: Shareholder Information - As of June 30, 2025, Zhonggu Logistics had 27,400 shareholders, an increase of 32.52% from the previous period, with an average of 76,636 circulating shares per shareholder, a decrease of 24.54% [1]. - Major shareholders include Huatai-PB Shanghai Composite Dividend ETF, which holds 45.5778 million shares, and Guotou Securities, which is a new shareholder with 29.1517 million shares [2].

Core Viewpoint - Jianghuai Automobile's stock has shown a significant increase this year, but recent trading data indicates a decline in the short term, raising questions about future performance [1][2]. Financial Performance - As of June 30, 2025, Jianghuai Automobile reported a revenue of 19.397 billion yuan, a year-on-year decrease of 9.10%, and a net profit attributable to shareholders of -773 million yuan, a year-on-year decrease of 356.89% [2]. - The company has cumulatively distributed 2.9 billion yuan in dividends since its A-share listing, with 45.8642 million yuan distributed in the last three years [3]. Stock Market Activity - On October 23, Jianghuai Automobile's stock price rose by 2.02% to 50.03 yuan per share, with a trading volume of 1.194 billion yuan and a turnover rate of 1.11% [1]. - The stock has increased by 33.41% year-to-date, but has seen a decline of 1.09% over the last five trading days and 13.38% over the last twenty days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 42.00% to 141,400, while the average circulating shares per person increased by 72.41% to 15,449 shares [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 101 million shares, an increase of 4.10794 million shares from the previous period [3]. Business Overview - Jianghuai Automobile, established on September 30, 1999, and listed on August 24, 2001, is primarily engaged in the research, production, sales, and service of commercial vehicles, passenger vehicles, automotive chassis, and core automotive components [1]. - The revenue composition includes commercial vehicles at 54.97%, passenger vehicles at 25.10%, other segments at 11.82%, buses at 7.67%, and chassis at 0.44% [1]. Industry Classification - Jianghuai Automobile is classified under the automotive industry, specifically in the commercial vehicle sector, with involvement in automotive finance, cold chain logistics, Huawei Harmony, complete vehicles, and electric logistics vehicles [2].

Company Overview - Changlian Co., Ltd. is located in the China (Shanghai) Pilot Free Trade Zone and was established on May 22, 2001. The company was listed on September 13, 2017. Its main business involves providing lean supply chain management services to international multinational enterprises [1][2]. Financial Performance - As of June 30, 2025, Changlian Co., Ltd. reported operating revenue of 739 million yuan, a year-on-year decrease of 10.78%. The net profit attributable to the parent company was 68.31 million yuan, down 14.62% year-on-year [2]. - The company has cumulatively distributed 714 million yuan in dividends since its A-share listing, with 362 million yuan distributed over the past three years [3]. Stock Performance - As of October 23, 2023, Changlian Co., Ltd.'s stock price increased by 2.03%, reaching 11.55 yuan per share, with a total market capitalization of 4.186 billion yuan. The stock has risen 15.96% year-to-date [1]. - The stock has seen a net inflow of 3.70 million yuan from major funds, with significant buying activity in large orders [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 10.04% to 21,400, while the average circulating shares per person decreased by 9.12% to 16,910 shares [2][3]. - The top ten circulating shareholders include the China Securities Shanghai State-owned Enterprise ETF, which holds 2.0866 million shares, a decrease of 188,300 shares from the previous period [3]. Industry Classification - Changlian Co., Ltd. is classified under the transportation and logistics sector, specifically in the intermediate products and consumer goods supply chain services. It is associated with concepts such as unified market, China International Import Expo, small-cap stocks, free trade ports, and cold chain logistics [2].

Core Insights - The article emphasizes the significance of the "vegetable basket project" in China, which has transformed the country's food supply system and ensured food security for its citizens [13][43][64] - It highlights the differences between China's approach to food supply and that of Western developed countries, focusing on the role of government intervention and public welfare [44][61] Group 1: Historical Context - The "vegetable basket project" was initiated in the late 1980s to address food supply shortages in rapidly urbanizing areas, establishing a comprehensive system for production, circulation, and regulation [13][15][18] - The project has evolved through four stages, each addressing different challenges in food supply and quality [14][31] Group 2: Stages of Development - The first stage (1988-1994) focused on improving urban food supply channels and establishing a national circulation framework to alleviate food shortages [15][20] - The second stage (1994-1999) introduced facility agriculture to overcome seasonal limitations in vegetable production, leading to significant increases in output [21][25] - The third stage (1999-2009) aimed at enhancing food quality and safety, introducing certification systems and market access regulations [27][28] - The fourth stage (2010-present) emphasizes the integration of technology and logistics to create a resilient food supply system, including cold chain logistics and modern market structures [31][33] Group 3: Comparison with Western Models - The article contrasts China's "vegetable basket project" with the food supply systems in Western countries, highlighting the latter's reliance on market forces and capital efficiency, which often leads to limited product diversity [46][61] - It discusses how China's government-driven approach ensures a diverse and stable food supply, while Western models tend to prioritize profit over public welfare [45][52] Group 4: Current Impact and Future Outlook - The "vegetable basket project" has successfully eliminated food shortages in China, providing citizens with a wide variety of fresh produce year-round [44][64] - The project continues to adapt and evolve, demonstrating resilience during crises such as the COVID-19 pandemic, ensuring food security for millions [39][41][43]

Core Viewpoint - Changshan Beiming's stock price has shown volatility, with a year-to-date increase of 19.56% and a recent decline in the last 20 days, indicating mixed market sentiment [2][3]. Group 1: Stock Performance - As of October 22, Changshan Beiming's stock price was 24.08 CNY per share, with a market capitalization of 38.495 billion CNY [1]. - The stock has experienced a 19.56% increase year-to-date, a 7.79% increase over the last five trading days, a 2.47% decrease over the last 20 days, and a 3.04% increase over the last 60 days [2]. - The stock has appeared on the "龙虎榜" (Dragon and Tiger List) eight times this year, with the most recent net buy of 521 million CNY on October 16 [2]. Group 2: Financial Performance - For the first half of 2025, Changshan Beiming reported revenue of 3.722 billion CNY, a year-on-year increase of 32.11%, while the net profit attributable to shareholders was -92.9944 million CNY, reflecting a year-on-year growth of 61.83% [3]. - The company has cumulatively distributed 469 million CNY in dividends since its A-share listing, with no dividends distributed in the last three years [4]. Group 3: Shareholder and Ownership Structure - As of September 30, the number of shareholders was 410,500, a decrease of 2.20% from the previous period, with an average of 3,868 circulating shares per shareholder, an increase of 2.25% [3]. - As of June 30, 2025, Hong Kong Central Clearing Limited was the third-largest circulating shareholder, holding 8.6735 million shares, a decrease of 3.539 million shares from the previous period [4]. Group 4: Business Overview - Changshan Beiming, established on December 29, 1998, and listed on July 24, 2000, is primarily engaged in the production and sales of cotton yarn and polyester-cotton yarn, as well as software and computer services [2]. - The company's revenue composition includes 85.94% from system integration and industry solution services, 11.77% from custom software and services, 1.61% from agency product value-added sales, and 0.68% from other sources [2].

Core Viewpoint - The company, Beibu Gulf Port, is a key player in the logistics and shipping industry, focusing on container and bulk cargo handling, and is positioned as a significant logistics hub in the western region of China, benefiting from national policies supporting the Belt and Road Initiative and the construction of the Western Land-Sea New Corridor [2][3]. Business Overview - The main business activities of the company include port loading and unloading, storage, tugboat services, and agency services, with a strong emphasis on container and bulk cargo operations [2]. - The company holds a 49% stake in a subsidiary, Guangxi Fangchenggang Natural Gas Co., which specializes in liquefied natural gas storage and sales, with a registered capital of 27 million yuan [2]. - Beibu Gulf Port is the only public terminal operator in the Guangxi Beibu Gulf region and plays a crucial role in the national strategy to connect with ASEAN and develop new strategic points for open development in the southwest and central-south regions [3]. Performance Metrics - In 2023, the company achieved a cargo throughput of 31,039.78 million tons, representing a year-on-year increase of 10.81%, accounting for 70% of the total cargo throughput at Beibu Gulf Port [3]. - The container throughput reached 802.20 million TEUs, with a year-on-year growth of 14.26%, making up 100% of the total container throughput at the port [3]. - The company has established various import and export qualifications, including for fruits, alcohol, and meat, and has developed multiple fruit shipping routes from Thailand, Vietnam, and Cambodia, offering comprehensive cold chain logistics services [3]. Financial Overview - As of June 30, 2025, the company reported an operating income of 3.556 billion yuan, reflecting a year-on-year growth of 11.50%, while the net profit attributable to shareholders was 531 million yuan, down 15.70% compared to the previous year [8]. - The company has distributed a total of 3.034 billion yuan in dividends since its A-share listing, with 1.396 billion yuan distributed in the last three years [8]. Market Activity - On October 21, the stock price of Beibu Gulf Port increased by 0.45%, with a trading volume of 214 million yuan and a turnover rate of 1.30%, bringing the total market capitalization to 21.114 billion yuan [1].

Core Viewpoint - The stock price of Delisi Foods has shown fluctuations, with a year-to-date increase of 11.44% and a recent decline over the past 20 days, indicating volatility in market performance [2]. Group 1: Stock Performance - As of October 21, Delisi's stock price rose by 2.10% to 4.87 CNY per share, with a trading volume of 46.58 million CNY and a turnover rate of 1.53%, resulting in a total market capitalization of 3.094 billion CNY [1]. - Year-to-date, Delisi's stock has increased by 11.44%, with a recent 5-day increase of 3.18%, a 20-day decline of 10.64%, and a 60-day increase of 1.25% [2]. Group 2: Company Overview - Delisi Foods, established on June 20, 2003, and listed on January 6, 2010, is located in Zhuji City, Shandong Province, focusing on pig slaughtering, chilled and frozen meat production, and sales [2]. - The main revenue sources for Delisi include chilled and frozen meat (41.41%), beef trading (17.27%), beef products (15.03%), and various other meat-related products [2]. Group 3: Financial Performance - For the first half of 2025, Delisi reported a revenue of 1.616 billion CNY, reflecting a year-on-year growth of 17.04%, while the net profit attributable to shareholders was 10.303 million CNY, a decrease of 27.24% compared to the previous year [2]. - Since its A-share listing, Delisi has distributed a total of 102 million CNY in dividends, with 6.3538 million CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of October 10, 2025, Delisi had 39,900 shareholders, a slight decrease of 0.10% from the previous period, with an average of 15,913 circulating shares per shareholder, which increased by 0.10% [2]. - Among the top ten circulating shareholders, Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund holds 2.5 million shares, an increase of 164,700 shares from the previous period [3].