Core Viewpoint - The stock of Congyu Agricultural (00875) has increased by over 5%, reaching a rise of 7.69% to HKD 0.56, with a trading volume of HKD 10.6578 million, following a strategic partnership announcement in the low-altitude economy and digital agriculture sectors [1] Group 1: Company Developments - Congyu Agricultural's wholly-owned subsidiary, South China Navigation Low-altitude Industry Investment (Shenzhen) Co., Ltd., has entered into a strategic cooperation with Atmospheric IoT Technology (Guangzhou) Co., Ltd. and South China Digital Agriculture Technology (Shenzhen) Co., Ltd. [1] - The collaboration focuses on the deep integration of low-altitude economy and digital agriculture, which is expected to further expand Congyu Agricultural's presence in the smart agriculture sector [1] Group 2: Industry Insights - Southwest Securities has released a research report indicating that national strategies are concentrating on the new track of low-altitude economy, with applications in low-altitude logistics and tourism leading the way, while other fields are also actively exploring opportunities [1] - The low-altitude economy industry chain is showing a clear trend towards large-scale development [1] - Guotai Junan believes that policies related to the low-altitude economy are gradually being refined, leading to an increasingly mature industry [1] - As the industry continues to grow, companies that position themselves within the relevant industry chain are expected to benefit first, highlighting their investment value [1]

Group 1 - The core viewpoint of the article highlights the significant rise in the stock price of Tongyu Agriculture (00875), which increased by over 5% and reached a peak of 7.69%, trading at 0.56 HKD with a transaction volume of 10.6578 million HKD [1] - Tongyu Agriculture's wholly-owned subsidiary, South China Navigation Low-altitude Industry Investment (Shenzhen) Co., Ltd., has entered into a strategic partnership with Atmospheric IoT Technology (Guangzhou) Co., Ltd. and South China Digital Agriculture Technology (Shenzhen) Co., Ltd. This collaboration focuses on the deep integration of low-altitude economy and digital agriculture, potentially expanding Tongyu Agriculture's presence in the smart agriculture sector [1] - Southwest Securities has released a research report indicating that national strategies are focusing on the new track of low-altitude economy, with applications in low-altitude logistics and tourism leading the way, while other fields are also actively exploring opportunities [1] Group 2 - The low-altitude economy industry chain is showing a clear trend towards large-scale development, with related policies gradually being refined, leading to an increasingly mature industry [1] - Guotai Junan believes that as the industry continues to expand, companies that position themselves within the relevant industry chain will be the first to benefit, highlighting the investment value in this sector [1]

Core Viewpoint - The construction of high-standard farmland in Heilongjiang Province has transformed traditional farming practices and is crucial for ensuring national food security, with the province leading the nation in both the area of high-standard farmland built and total grain production [1][5]. Group 1: High-Standard Farmland Construction - By the end of 2024, Heilongjiang Province has built nearly 120 million acres of high-standard farmland, accounting for 11.3% of the national grain output, with a total grain production of 1,600.34 billion jin [1]. - The Beidahuang Agricultural Reclamation Group has established 31.38 million acres of high-standard farmland, making it a key player in China's agricultural landscape [1]. - The construction of high-standard farmland is prioritized as a "number one project" by the Beidahuang Group, which has implemented a series of regulatory documents to ensure project execution [1][2]. Group 2: Benefits of High-Standard Farmland - Farmers have reported significant improvements in efficiency and productivity due to the transformation from small plots to larger, standardized fields, resulting in reduced costs and increased yields [3]. - The effective planting area has expanded due to improved infrastructure, such as irrigation systems and access roads, leading to higher crop yields and better land utilization [3][4]. - The integration of smart agricultural technologies, including IoT devices for precise irrigation and monitoring, has revolutionized farming practices, allowing for more efficient resource management [3][4]. Group 3: Management and Maintenance - The Beidahuang Group has established clear management and maintenance protocols to ensure the sustainability and effectiveness of high-standard farmland, emphasizing the importance of ongoing care after construction [4][5]. - Regular inspections and maintenance schedules have been implemented to address issues promptly, ensuring that farmland remains productive and well-maintained [4][5]. - The establishment of a comprehensive management system has allowed for better oversight and accountability in farmland maintenance, enhancing overall agricultural productivity [5].

从零散破碎的小田块，到连片规整的标准格田；从传统人工巡田管护，到如今物联网智慧赋能，高标准 农田建设不仅改变了传统种植模式，更成为筑牢大国粮仓根基的关键之举。如今，各地高标准农田建设 如火如荼，如何让每亩良田都成为丰收沃土？答案不止于"建"，更在于"效"与"管"。如何做到建管并 重、质产双升？黑龙江北大荒集团的探索，具有一定的启示和借鉴意义。 黑土地上，稻浪翻滚，自动灌溉系统喷洒着水雾，各种智能设备静静矗立，航化作业飞机不时飞过…… 这幅现代农业图景，正是黑龙江高标准农田建设的一个缩影。 2024年，黑龙江省已累计建成高标准农田近1.2亿亩，居全国首位；粮食总产量达1600.34亿斤，占全国 粮食产量的11.3%，连续15年全国第一，为端牢"中国饭碗"作出了重要贡献。中办、国办印发的《逐步 把永久基本农田建成高标准农田实施方案》提出，优化高标准农田建设空间布局和时序安排，优先在东 北黑土地区、平原地区、具备水利灌溉条件地区以及粮食产量高和增产潜力大地区开展建设。 作为我国耕地规模最大、综合生产能力最强的国家重要商品粮基地和粮食战略后备基地，北大荒农垦集 团有限公司（以下简称"北大荒集团"）2024年底已建成高 ...

Core Viewpoint - The launch of digital products related to the Pu Bei Chen Pi industry marks a significant step towards achieving a target of a 10 billion yuan industry, leveraging digitalization to enhance transparency and traceability in the supply chain [6][39]. Group 1 - The event held in Shenzhen showcased the listing of eleven digital products, including those related to Pu Bei Chen Pi, indicating the formal entry of these digitalized county-level industry products into the market [5][6]. - The Pu Bei Chen Pi industry has shown strong growth, with the planting area of Da Hong Gan reaching 190,000 mu and a projected total fresh fruit output of 160,000 tons in 2024, leading to an industry chain output value of 6 billion yuan [9][10]. - The county plans to establish a 4,720 mu Chen Pi industrial park with a total investment of 5.8 billion yuan, integrating ecological, production, and cultural aspects [10][11]. Group 2 - The establishment of an AI-enabled intelligent public warehouse for Chen Pi in Pu Bei ensures comprehensive monitoring, data tracking, and management of goods, with a storage capacity of 2,500 tons [12][14]. - The digital products will enhance transparency in key processes such as planting and storage, aiding manufacturers in quality assurance and helping sales adjust strategies based on inventory data [30][32]. - The integration of digital products with national geographical indication certification and cultural tourism activities aims to elevate the brand influence and value-added aspects of Pu Bei Chen Pi [38][39]. Group 3 - The event also featured the issuance of "listing certificates" and "data property rights registration certificates" for the digital products, highlighting their compliance with local characteristics and digital technology [20][27]. - The collaboration between the South China Digital Industry Group and 20 other entities signifies a new model of multi-party cooperation in promoting rural revitalization [50].

Core Viewpoint - The China-ASEAN Agricultural and Poverty Alleviation Cooperation Conference aims to enhance regional agricultural cooperation and poverty alleviation through dialogue and collaboration among various stakeholders [1][3]. Group 1: Conference Objectives and Themes - The conference focuses on "Smart Agriculture and Poverty Alleviation Cooperation, Hand in Hand to Develop New Quality Productivity" [3]. - Representatives from China, Brunei, Cambodia, Myanmar, and other countries, along with experts and business representatives, engage in discussions on smart agricultural technology innovation, poverty alleviation models, resource optimization, and the development of new quality productivity [3]. Group 2: Achievements and Future Directions - Agricultural cooperation between Guangxi and ASEAN countries has a long history, with recent years seeing an expansion in cooperation areas and methods, resulting in significant achievements [3]. - The total import and export volume of agricultural products between Guangxi and ASEAN countries is projected to reach 30.29 billion yuan in 2024, a 56.5% increase compared to 2018 [3]. Group 3: Strategic Initiatives - Guangxi is leveraging national artificial intelligence initiatives to build a development path that integrates research and development from major cities with applications in ASEAN, aiming to enhance agricultural trade and investment [3]. - The conference advocates for a new framework for smart agricultural cooperation and the establishment of a digital technology collaborative innovation system [5]. Group 4: Key Collaborations and Projects - Four significant cooperation projects were established, including cross-border animal disease prevention and smart agriculture technology collaboration with Laos [5]. - Guangxi Agricultural Vocational and Technical University signed a cooperation agreement with relevant enterprises in Laos to promote various aspects of agricultural technology and education [5]. Group 5: Exhibition and Promotion - The conference featured the first "AI + Agriculture" exhibition area, showcasing advanced technologies such as smart agricultural machinery and agricultural big data platforms [5]. - Over 100 agricultural enterprises from Guangxi participated in the exhibition, promoting local specialty products like Liubao tea and dragon fruit, thereby expanding cooperation in agricultural technology and trade with ASEAN [5].

近年来，我国持续推动物联网、人工智能、云计算、大数据等新一代信息技术与种植业、畜牧业、渔业 等深度融合，农业数字化进程明显加快。数据显示，2024年我国农业科技进步贡献率超63%，农业生产 信息化率接近30%，现代设施农业种植面积达4000万亩。截至今年1月，农业农村部累计支持建设国家 数字农业创新中心、分中心34个，智慧农业创新应用项目116项。数字技术的广泛运用，为传统农业转 型升级注入新动能。 政策层面，党中央、国务院先后出台《数字农业农村发展规划（2019—2025年）》《数字乡村发展行动 计划（2022—2025年）》《"十四五"数字农业建设规划》等文件，作出"实施大数据战略和数字乡村战 略""大力推进'互联网+'现代农业"等部署安排，明确"以数字技术与农业农村经济深度融合为主攻方 向""加强数字生产能力建设"等重点任务，为"数字+"现代农业产业体系构建提供了制度保障。 不过，当前农业数字化转型仍面临一些亟待解决的问题。基础设施尚不完善，技术与产业融合深度不 足，高素质人才缺乏等问题，导致部分数字农业产业投入高、周期长、转化率低，高端科技成果供给与 应用不足。对此，还需产业政策、企业主体与消费者三方 ...

Core Insights - The China-ASEAN Expo (CAEXPO) has evolved into a significant economic and trade bridge between China and ASEAN countries since its inception in 2004, showcasing the robust growth and potential of bilateral trade and cooperation [1] Group 1: Growth Metrics - The total number of exhibition booths has increased from 2,506 in the first expo to 6,493 in 2024, with the newly added Guilin exhibition area contributing 1,093 booths [2] - The exhibition area has expanded significantly from 50,000 square meters in the first expo to 192,000 square meters in the 21st expo, marking a historical high and providing more opportunities for international display and exchange [4] - The number of participating enterprises has risen from 1,505 in 2004 to 3,300 in 2024, reflecting a growing enthusiasm among exhibitors [4] Group 2: Trade Growth - Bilateral trade between China and ASEAN has surged from $105.883 billion in 2004 to $982.34 billion in 2024, representing an increase of 827.7% [10] - The trade volume between Guangxi and ASEAN countries has also seen significant growth, from $1 billion in 2004 to 397.82 billion yuan in 2024, achieving a historical high [10] - The year-on-year growth rates for 2023 and 2024 were 22.8% and 17.2%, respectively, indicating a stable upward trend in trade [10] Group 3: Digital Transformation - The introduction of the "Cloud CAEXPO" in 2020 has attracted 9,473 enterprises over five sessions, averaging about 2,000 participants per session, demonstrating the platform's sustainability and engagement [7] - The total number of economic and trade activities reached 411, showcasing a shift from quantity to quality and enhancing the effectiveness of trade cooperation through digital services [7] Group 4: Diverse Exhibits - The expo has transitioned from showcasing specialty products to advanced processing and smart collaboration, featuring a wide range of exhibits from agricultural products to cutting-edge technology [12] - The 22nd CAEXPO will host 3,200 enterprises from 45 countries and regions, with a total exhibition area of 160,000 square meters, including a new 10,000 square meter AI pavilion [12] - Approximately 1,200 innovative products, including AI and AR technologies, will be presented, highlighting the expo's focus on technological advancement [12] Group 5: Future Outlook - The CAEXPO is entering a new phase aimed at deepening economic cooperation, promoting industrial synergy, and enhancing people-to-people connections, thereby contributing to a closer China-ASEAN community [14]

全球农业科技创新的前沿力量，在"2025全球农创客大赛"的舞台上交相辉映。8月29日，由联合国粮食 及农业组织（下称"粮农组织"）、浙江大学和拼多多共同举办，农业农村部对外经济合作中心、杭州市 滨江区人民政府支持的"2025年全球农创客大赛"决赛在杭州圆满落幕。经过激烈角逐，来自坦桑尼亚 SafeSip团队凭借其创新的禽业安全用水解决方案一举夺金，中国"猪群实时守护战团队"和美国 PlantPulse Patch团队分获银奖和铜奖。 这场汇聚全球青年智慧的农业创新盛会，不仅展示了数字技术与农业深度融合的无限可能，更彰显了中 国企业与机构在推动全球农业可持续发展中的责任与担当。作为连续五年支持该项赛事的主办方之一， 拼多多始终以农业为长期核心战略，通过搭建技术和资源交流互通的平台，持续加码农业科研"最初一 公里"，为全球农业现代化注入创新动能。 全球智慧汇聚：创新方案直面农业痛点 据悉，本届大赛在赛事规模、主题高度和主办阵容上都展示出了突破性——共吸引全球97个国家的519 份数字农业解决方案报名参赛，项目申请数量和覆盖范围均创历史新高，覆盖除南极洲外的全球六大 洲，其中80%以上来自非洲、亚洲和欧洲国家。通过 ...

Group 1: Strategic Planning - The company aims to focus on "technological innovation, green development, and social return" as its strategic goals, emphasizing three major development directions: upgrading agricultural additives and specialty fertilizers, focusing on cost reduction and yield increase, and deepening the "going out" strategy in Southeast Asia, the former CIS, and Africa [2][3]. Group 2: Core Competitiveness - The company is committed to continuous technological innovation, developing biodegradable and environmentally friendly materials, and launching new agricultural additives that meet energy-saving and environmentally friendly requirements [4]. - Unique products and services in biological agriculture and digital agriculture have been introduced, providing comprehensive solutions for cost reduction and yield increase [4]. Group 3: Sales and Marketing Innovation - The company has implemented a "1+X" strategic marketing model, focusing on core customers while integrating traditional distributors, e-commerce platforms, and overseas exports [4][5]. - This model aims to provide customized, one-stop solutions, enhancing customer satisfaction and ensuring efficient business expansion [4]. Group 4: Risk Management - The company is expanding procurement channels in emerging markets to enhance supply chain resilience and flexibility, while maintaining reasonable inventory levels [6]. - Specific measures are in place to mitigate currency exchange risks, including shortening quotation cycles and increasing the proportion of direct RMB settlements [6]. Group 5: Business Development and R&D Progress - In the first half of 2025, the company achieved a revenue of 12,236.98 million yuan, a year-on-year increase of 13.31% [7]. - Significant investments in R&D have led to the launch of five new products for nematode control and three new products for nitrogen-fixing in the first half of 2025 [8]. Group 6: Future Mergers and Acquisitions - The company plans to pursue external development strategies, focusing on acquiring firms with core R&D capabilities in agricultural additives and specialty fertilizers [8]. - The dual-track acquisition strategy will also target technology-driven companies in gene editing and digital agriculture to enhance its service capabilities [8]. Group 7: R&D Investment and Innovation - The company has established a robust R&D innovation mechanism, ensuring sustained investment and breakthroughs in core technologies [9]. - Collaboration with top research institutions is emphasized to tackle key technologies and optimize the commercialization path [9][10].