Core Viewpoint - The agricultural, forestry, animal husbandry, and fishery industry in the Shenzhen Stock Exchange shows a robust development trend, with significant profit growth expected for major companies in the sector in the first half of 2025 [1][2]. Group 1: Industry Performance - A total of 35 companies in the agricultural, forestry, animal husbandry, and fishery sector have disclosed their performance forecasts, expecting a combined net profit of between 15.4 billion to 16.8 billion yuan [1]. - The leading companies, including Muyuan Foods, New Hope Liuhe, and Fujian Shengnong Development, are key contributors to the industry's growth [1]. Group 2: Company Highlights - Muyuan Foods is projected to achieve a net profit of 10.2 billion to 10.7 billion yuan, representing a year-on-year increase of 1129.97% to 1190.26% [2]. - New Hope Liuhe expects a net profit of 680 million to 780 million yuan, with a year-on-year growth of 155.85% to 164.07% [2]. - Fujian Shengnong Development anticipates a net profit of 850 million to 950 million yuan, reflecting a year-on-year increase of 732.89% to 830.88% [2]. Group 3: Growth Drivers - Muyuan Foods attributes its profit increase to a rise in pig sales and a decrease in breeding costs, with the cost per kilogram dropping from 13.1 yuan to below 12.1 yuan [2]. - New Hope Liuhe's recovery is linked to successful biosecurity upgrades and improved production management, leading to reduced breeding costs despite lower average pig prices [3]. - Shengnong Development's growth is driven by a multi-channel strategy, cost advantages, and significant investment income from acquisitions [3][4]. Group 4: Future Outlook - Analysts are optimistic about the livestock industry's recovery, citing improved profitability and cost control among leading companies [5]. - The outlook for the domestic beef cycle is expected to turn positive in 2025, with a slight increase in pig output and stable prices anticipated [6]. - Companies are focusing on cost reduction and efficiency improvements to align with industry trends and support sustained growth [6].

Core Viewpoint - The successful launch of the Long March 7 Yao-10 rocket carrying the Tianzhou-9 cargo spacecraft highlights China's advancements in space exploration and the growing interest in space education among students and tourists [1][5]. Group 1: Event Highlights - The Long March 7 Yao-10 rocket was launched on July 15 at 5:34 AM, with nearly 2,000 spectators witnessing the event from the Wenchang Yaoguang Rocket Observation Platform [1]. - The launch attracted significant public interest, with the visitor flow to the Wenchang Aerospace Supercomputing Cultural Tourism Zone reaching 5 to 6 times the normal levels during the summer vacation [5]. Group 2: Educational Initiatives - Students participated in hands-on activities related to space, including learning about astronaut training and creating space-themed crafts, enhancing their understanding of aerospace knowledge [2][6]. - The Wenchang Aerospace Supercomputing Center is capable of performing 10 quintillion calculations per second, supporting advanced tasks such as rocket trajectory simulation and satellite data processing [5]. Group 3: Tourism Development - Wenchang is positioning itself as a "Aerospace Tourism Capital," focusing on integrating aerospace science education with tourism experiences, including the development of themed tourist routes and events [8]. - The city plans to host the National Youth Aerospace Innovation Competition in August, expecting to attract over 5,000 participants, further promoting its aerospace tourism initiatives [8].

Overview - The medicinal value of leeches is significant, with active components playing a crucial role in treating thrombosis and liver diseases. The demand for leeches in the pharmaceutical market has rapidly increased due to the aging population and rising chronic disease rates in China. Additionally, the growing health awareness among the public has led to broader applications of leeches in health foods and skincare, resulting in a year-on-year increase in market demand. The market size of the leech farming industry in China is projected to reach 1.439 billion yuan in 2024, representing a growth of 2.93% [1][9]. Market Policies - The Chinese government places high importance on the development of the aquaculture industry, including leech farming, and has issued several supportive policies to create a favorable environment for industry growth. These include guidelines for rural revitalization, traditional food production, and ecological aquaculture development [4][6]. Industry Chain - The leech farming industry in China has developed a comprehensive industry chain that includes seedling breeding, feed supply, farming, product processing, and market sales. The upstream includes seedling, feed, veterinary drugs, and farming equipment, while the downstream focuses on processing leeches for medicinal and health products. Recent advancements in breeding technology and feed industry development have improved seedling quality and stability, enhancing the overall industry chain [7]. Current Development - The leech farming industry is experiencing continuous expansion driven by increasing market demand in the pharmaceutical sector. The market size is expected to reach 1.439 billion yuan in 2024, with a year-on-year growth of 2.93% [9]. Competitive Landscape - The leech farming industry in China is characterized by a low entry barrier, resulting in a large number of participants, primarily individual farmers and small farms. As of June 30, 2025, over 50% of registered leech farming enterprises have a registered capital of less than 1 million yuan, while those with over 50 million yuan account for less than 1% [11]. Representative Companies - **Huazhi Pharmaceutical (Yunnan) Co., Ltd.** focuses on the research, development, and production of medicinal leeches and their derivatives. The company operates high-density and ecological farming bases in Yunnan and Guangxi, supplying 80% of the national market [14]. - **Guangxi Kekan Technology Group Co., Ltd.** specializes in the breeding and research of the Fiery Leech. The company has invested over 30 million yuan in establishing a large-scale breeding and demonstration base, producing over 30 tons of live leeches annually [16][17]. Development Trends - The future of leech farming is expected to see the widespread adoption of intelligent farming technologies, enhancing efficiency and quality through automated feeding and monitoring systems. Additionally, genetic breeding techniques will improve growth rates and disease resistance, while market competition will likely lead to resource consolidation among larger enterprises, promoting large-scale and intensive farming practices [22].

Investment Rating - Industry Rating: Outperform the market (maintained rating) [12] Core Views - The report emphasizes the importance of the pig sector, noting a slowdown in the growth rate of breeding sows in June, and highlights the expectation gap in the pig market [1][2] - The pet sector is witnessing a rise in domestic brands and a positive trend in pet food exports, indicating a robust growth potential [3][4] - The poultry sector is focusing on the breeding gap for white chickens and the marginal improvement in demand for yellow chickens, with investment recommendations based on supply and demand dynamics [5][6][7] - The planting sector is prioritizing food security and the strategic importance of biological breeding, with recommendations for key seed and agricultural companies [9][10] - The feed sector is recommended for companies with increasing market share and consistent performance, while the animal health sector is advised to focus on new demands and innovative products [24][25] Summary by Sections Pig Sector - As of July 12, the average price of pigs in China is 14.91 CNY/kg, down 2.42% from the previous week, with self-breeding profits around 177 CNY per head [1][16] - The report highlights the low valuation and expectation gap in the pig sector, recommending leading companies such as Muyuan Foods and Wens Foodstuffs [2][16] Pet Sector - In June 2025, pet sales on Douyin reached 964 million CNY, a year-on-year increase of 73.97%, indicating strong growth for domestic brands [3][17] - Pet food exports from China increased by 10.89% year-on-year in the first five months of 2025, reaching 41.75 billion CNY [4][17] Poultry Sector - The report notes a 33.46% year-on-year decline in the breeding stock of grandparent chickens due to import restrictions, with a total of 529,300 sets updated in the first half of 2025 [5][19] - Investment recommendations include focusing on companies like Shengnong Development and Yisheng Livestock [6][20] Planting Sector - The report stresses the need for high yield production to ensure food security, with a focus on integrating advanced agricultural technologies [9][23] - Key recommendations include leading seed companies such as Longping High-Tech and Dabeinong [10][23] Feed and Animal Health Sectors - The feed sector is highlighted for companies like Haida Group, which is expected to benefit from market share growth and performance consistency [24][26] - The animal health sector is advised to focus on new product development and market expansion, particularly in the pet health segment [25][26]

Group 1 - The 27th China Association for Science and Technology Annual Conference will be held from July 1 to July 31 in Beijing, focusing on "Tracing Technological Frontiers and Supporting Innovative Development" [1] - The main forum is scheduled for the morning of July 6, featuring prominent speakers discussing topics such as quantum technology, biomanufacturing, deep-sea technology, artificial intelligence, and agriculture [1][2] - The conference will include various exhibitions and open academic exchanges to foster a positive academic atmosphere [1] Group 2 - The latest citation report indicates that 56 Chinese scientific journals rank in the top three internationally within their disciplines, with 24 journals ranking first [2] - A new "Academic Association" service platform will be launched, providing comprehensive management systems for scientific journals and promoting data exchange and publication services [2] - The conference will host 98 specialized forums covering ten fields, including basic sciences, life health, earth sciences, ecological environment, manufacturing technology, information technology, advanced materials, resource energy, agricultural technology, and aerospace technology [2] Group 3 - The annual conference is a significant initiative for the China Association for Science and Technology to implement the spirit of the Third Plenary Session and contribute to the 14th Five-Year Plan [3] - It aims to strengthen the association's service to national strategic guidance and enhance its academic influence and cohesion among scientific workers [3]

盛夏时节，北京市海淀区中关村南大街12号院农科东大道。从中国农业科学院东门进入，远远就能看到 一栋现代化的白色建筑。正面墙上，由"禾"与"重"组成的篆刻字"种"格外醒目。 这里是国家农作物种质资源库，也是守护农作物种质资源的"诺亚方舟"—— 如同有了一些特定野生稻基因的留存，人类才能成功创制出超级杂交稻，很多种质资源蕴藏着潜在可利 用基因，是人类的宝贵财富。但由于气候变化、人类活动等，很多种质资源在野外面临着灭绝危机。将 这些种质资源收集起来并进行科学保存，能延长它们的寿命，并在不断进步的科技加持下，打开未来无 限可能的空间。 2021年7月9日，中央全面深化改革委员会第二十次会议审议通过《种业振兴行动方案》，种质资源保护 是其中的重要内容。 当前种业振兴行动已迈入第5个年头。作为种业振兴的基础工作，我国新保存了哪些重要种质资源？应 用了哪些新技术，种质资源保存效果如何？近日，记者来到国家农作物种质资源库，一探究竟。 走进5层楼高的种质库，一间间宽敞明亮的库房里整齐摆放着已经贴上二维码、条形码的种子瓶，试管 苗容器，液氮罐。 "在这里，每个种类的种子都有自己的身份信息。"中国农业科学院工作人员张金梅介绍说，我 ...

Core Viewpoint - Biobreeding is highlighted as a cutting-edge innovation in the seed industry, offering advantages such as efficiency, precision, and targeted breeding, which can lead to the development of high-yield, high-quality, and disease-resistant crop varieties while reducing pesticide use [1] Group 1: Laboratory and Research Advancements - The Baoji Biobreeding Laboratory is a key agricultural technology innovation base in Northwest China, featuring seven core breeding experimental units that cover the entire research and development chain from germplasm innovation to variety cultivation [3] - The laboratory employs advanced technologies such as artificial lighting and intelligent temperature and humidity control to create a controllable plant growth environment, enabling rapid breeding cycles of 3 to 4 generations per year [3] - Recent efforts include molecular marker-assisted selection and gene function validation, leading to the successful development of new varieties like "Baodou No. 10," which has achieved record soybean yields in Shaanxi Province [5] Group 2: Collaboration and Future Plans - The Baoji Biobreeding Laboratory collaborates with institutions like Northwest A&F University and the Shaanxi Oilseed Center to tackle cutting-edge topics such as microspore breeding and gene editing [7] - Future plans include enhancing the laboratory's construction, promoting the transition from traditional to modern biobreeding, and establishing demonstration bases around leading industries in various counties [7] - The 2024 Shaanxi Province action plan aims to cultivate a billion-level biobreeding innovation cluster, focusing on germplasm cultivation, breeding, and the development of efficient gene editing technologies [7]

Core Viewpoint - The introduction of the upgraded "Wade 188-3" white feather broiler chicken variety aims to cater to Chinese culinary preferences, breaking the previous reliance on imported breeds and enhancing domestic production capabilities [1][2]. Group 1: Product Development - The "Wade 188" variety was developed four years ago, breaking the foreign breed monopoly and has now been iterated to the "3.0 version" to better suit Chinese cooking styles [1]. - The new variety is designed to enhance the production of popular chicken parts such as wings, feet, and gizzards, aligning with local consumer preferences [3]. Group 2: Market Context - White feather broilers account for nearly 50% of China's chicken market, with previous reliance on 100% imported breeds posing a threat to the industry [2]. - The shift in breeding focus from large breast meat to more diverse parts reflects a significant change in response to local culinary demands [3]. Group 3: Breeding Strategy - The breeding process for "Wade 188" took ten years, with the latest iteration "188-3" taking an additional four years, involving extensive experimentation and data collection [3]. - The new variety shows significant improvements in high-value parts: wing mid-section output increased by 12%, feet by 18%, gizzards by 17%, and thighs by 8% compared to similar breeds [3]. Group 4: Future Plans - The company plans to establish a new purebred breeding facility in Beijing during the 14th Five-Year Plan period, aiming to enhance the commercial breeding system for meat chickens [5]. - A modern chicken breeding industrial park will be developed to create a complete supply chain in conjunction with a large-scale chicken meat processing facility in Shandong [5].

Core Insights - The "Tianshu Plan" aims to decode the genetic information of major crops, specifically rice, wheat, corn, and soybeans, to facilitate intelligent breeding [1][2] - The plan has identified 4,500 core rice germplasm resources, covering over 80% of the core rice planting areas [1] - The initiative is a collaboration between the Chinese Academy of Agricultural Sciences, the National Crop Germplasm Resource Bank, and Tencent, with the second phase, "Tianshu Plan 2.0," launched in May 2023 [1] Germplasm Construction - The construction of core germplasm will involve genotype identification of 223,000 germplasm resources across the four major crops, ensuring coverage of over 95% of genetic diversity [2] - A standardized process for core germplasm selection will be established, incorporating excellent foreign germplasm [2] Genetic Decoding and Breeding Models - The focus will be on integrating phenotype, environmental, and genotype datasets to create a comprehensive crop genome map, breaking the limitations of single genomes [2] - The plan will explore the formation rules of crop phenotypes and develop relevant models to decode genetic information [2] Intelligent Breeding Platform - An open intelligent breeding platform will be established, integrating a gene bank, breeding tools, and a big data platform to serve domestic agricultural research institutions and enterprises [2] - A collaborative network will be created to ensure data security and promote efficient resource and technology utilization [2] Implementation Timeline - "Tianshu Plan 2.0" is set to be implemented over three years, from 2023 to December 2027, with the goal of selecting 10,000 core germplasm resources in the first year [2] - The second year will focus on field genotype and phenotype identification, while the third year will involve building the intelligent breeding platform through data mining model construction [2]

Group 1 - The forum on "AI Empowering High-Quality Development of Seed Industry" was successfully held, focusing on the integration of AI technology with modern seed industry, attracting over 100 representatives from academia, industry, and research [1][3] - AI is seen as a key engine for achieving breakthroughs in the seed industry, particularly in core breeding processes such as gene mining, phenotypic analysis, parent selection, and variety design [1][3] - The Beijing International Seed Industry Technology Park is building an intelligent breeding industry ecosystem to promote the industrialization of intelligent breeding [3][4] Group 2 - The "Heavenly Book Plan" for crop germplasm resources was introduced, which aims to utilize AI for genetic information analysis and accelerate the discovery of superior genes and variety design [5][7] - The plan includes the establishment of a data-sharing platform and the selection of core germplasm, with an initial completion of 10,000 core germplasm selections [5] - The forum highlighted the importance of collaboration among government, enterprises, and research institutions to foster innovation in the seed industry [3][4] Group 3 - The forum featured discussions on the challenges faced in the new breeding era, including the lack of training data and the need for AI-driven precision breeding [7] - Companies like Changsha Bai'ao Cloud Data Technology Co., Ltd. are developing platforms to centralize breeding data management and facilitate AI breeding model construction [7] - The integration of high-throughput molecular detection, rapid breeding, and gene editing technologies is being emphasized to lower R&D barriers and support industry innovation [7][8]