央视网消息：湖南省湘阴县的平菇目前正处于集中上市期，一排排菌包摆放得整整齐齐，一簇簇的平菇破袋而出。每年的这个时候，都是 当地村民们最忙碌的时候。现在村民们正在忙些什么？当地又有哪些新变化？ 平菇争相破袋而出 长势喜人 平菇是当地种植最多的食用菌，它的伞盖圆润肥厚，摸上去很紧实。村民介绍，一般长到6—8厘米的高度就可以采摘。 这里平菇的生长周期从每年的9月到第二年的4月，大概一个月左右出一茬。 平菇后面的这一部分叫菌包，大家可能会好奇，这个袋子里面都有什么？它们是棉籽壳、莲子壳、玉米芯、麦麸，这些都是平菇的营养物质来 源。 而这一包白色的是平菇的栽培种，里面是一根根雪糕棒，上面沾满了菌丝，栽培的时候只需从中抽取一根，插到菌包里，就可以让菌丝吸收营 养物质，从而长出平菇。 田间冷库 助农抢"鲜"发货 村民们将平菇一朵朵摘下，整齐地码放在泡沫箱里，一箱10斤左右。值得一提的是，这些泡沫箱也是杨林寨乡为了节约成本，在乡里专门成立 了泡沫箱厂，为发货量身定制的。 从大棚出来，村民会把这些平菇运到外面开阔的厂房里，用喷淋系统进行半个小时的洒水保湿。然后再立马运输到旁边的冷库里降温保鲜，冷 库里的温度控制在零下2摄氏度到 ...

本次推介会是宁夏借助高端平台，推动"宁字号"特色农产品走向全国、迈向世界的重要举措。享誉全国的贺兰山东麓葡萄酒、枸杞、牛奶、肉 牛、滩羊、冷凉蔬菜等悉数亮相，而源自闽宁镇、在戈壁滩上成长起来的晓鸣股份，则以其在蛋鸡种源领域的突出成就，展现了宁夏农业"精 尖优"的差异化发展道路。 晓鸣股份代表冯茹娟在发言中介绍，公司作为"中国蛋鸡第一股"，是一家"引繁推"一体化的科技型蛋鸡制种企业，立志成为世界级的中国蛋鸡 种源企业。经过33年发展，公司已构建起从种源到餐桌的完整产业闭环，作为国内种鸡苗市场的主要供应商之一，市场占有率超过25%。这意 味着，中国老百姓餐桌上每四枚鸡蛋中，就有一枚源自晓鸣股份。 转自：新华网 12月4日，在2025企业家博鳌论坛举行期间，宁夏回族自治区农业农村厅联合新华社宁夏分社举办"宁夏精品中国行（海南站）暨绿色优质农产 品推介会"。活动以"宁品出塞·鲜鉴博鳌 共享绿色健康美好生活"为主题，集中展示了宁夏"六特"产业的丰硕成果。 作为宁夏农业产业化龙头企业代表，宁夏晓鸣农牧股份有限公司在会上分享了其以科技创新和绿色发展引领蛋鸡产业升级的经验，企业"让世 界看到戈壁滩的生命力"的品牌主张，成为宁 ...

Group 1: Lithium Industry Development - Qinghai Province is establishing a world-class salt lake industry base, focusing on the development of lithium resources, which are considered a strategic resource for the nation [2][3] - The potential economic value of lithium salt resources in Qinghai's salt lakes is estimated to reach trillions of yuan, with lithium being referred to as "white oil" due to its importance in battery and new energy sectors [2] - The "4+2" ten-thousand-ton lithium salt project has been launched, significantly increasing lithium production capacity and showcasing advancements in technology and production processes [3] Group 2: Agricultural Technology Advancements - The Qingyu No. 9 potato variety has been the most widely promoted potato variety in China, with a promotion area of 7.47 million acres, and is expected to maintain its leading position [4][5] - Qinghai Province has invested 40 million yuan in agricultural technology, supporting the development of a modern potato breeding system that integrates molecular breeding and resource innovation [5][6] - The province has achieved significant advancements in agricultural technology, including leading hybrid breeding levels for rapeseed and improvements in sheep production efficiency [6] Group 3: Ecological Protection and Monitoring - The Datu North River Source National Nature Reserve has identified a population of 57 snow leopards, indicating a healthy ecosystem and biodiversity in the region [7][8] - An integrated monitoring system using infrared cameras and drones has been established to ensure effective management and protection of wildlife in the reserve [8] - Qinghai Province is leveraging technology to enhance ecological protection, addressing challenges in restoring fragile ecosystems and improving resource utilization [9]

Core Insights - The article discusses the challenges and opportunities faced by Xunlong Technology, a leading caviar producer in China, as it attempts to go public in Hong Kong after three failed attempts at an A-share IPO [5][6][7]. Company Overview - Xunlong Technology is the largest caviar producer globally, holding a market share of 35.4%, significantly surpassing its nearest competitor [5][6]. - The company has established a well-known caviar brand, "KALUGA QUEEN," and exports products to 46 countries, serving major airlines [6]. Financial Performance - From 2022 to 2024, Xunlong Technology's revenue grew from 491 million to 669 million CNY, with net profit increasing from 234 million to 324 million CNY [6]. - In the first half of 2025, the company reported revenue of 302 million CNY and a net profit of 176 million CNY [6]. - The company achieved a gross margin of 71.3% and a net margin of 58.3% in the first half of 2025, indicating exceptional profitability [6]. IPO Challenges - Xunlong Technology has faced significant hurdles in its IPO attempts, with three failed applications for A-share listings due to regulatory concerns regarding related party transactions and financial data integrity [7][8]. - The first IPO attempt in 2011 was rejected due to concerns over related party transactions, while the second attempt in 2014 faced scrutiny over overseas sales and inventory levels [7][8]. Industry Dynamics - The global caviar market is experiencing rapid growth, with sales increasing from 402.5 tons in 2019 to 729.2 tons in 2024, reflecting a compound annual growth rate of 12.6% [11]. - Xunlong Technology's competitive advantage lies in its comprehensive value chain, including breeding, farming, processing, and marketing, supported by strong research collaborations [11][12]. Market Risks - The company is heavily reliant on overseas markets, with approximately 80% of its revenue coming from international sales, making it vulnerable to changes in foreign policies [10]. - Xunlong Technology's financial performance is also affected by the volatility of biological asset valuations, which can significantly impact profit margins [9][10].

十年往返，历历在目。"那时，家里的事基本顾不上，孩子上下学和日常生活都靠老人帮忙照料。"刘慧 涛说。 秋收时节，位于吉林省松原市乾安县赞字乡的国家盐碱地综合利用试点项目区，传来玉米丰收的好消 息。测产结果显示，轻度盐碱地玉米平均亩产达906公斤，产量提高约35.4%；中度盐碱地玉米平均亩 产825公斤，增幅超三成。这一成果离不开吉林省农业科学院刘慧涛研究员及沙碱地旱田改良与利用研 究团队在水肥一体化技术研究上的持续付出。 "水肥一体化技术通过同步控制灌溉与施肥，实现精准供水和供养，大幅度提升了水资源和肥料利用效 率，适用于半干旱地区玉米等粮食作物的科学种植。"今年60岁的刘慧涛谈起农业技术滔滔不绝，粮食 增产有利于国人端牢饭碗、过上更好的日子。 治沙地 时至今日，刘慧涛仍清晰记得上世纪70年代生活物资匮乏的情景。"那时，我的妹妹发烧想吃苹果，家 人到商店一问，营业员说需要医生的诊断书。我们只好请医生开具诊断书后，才买到2斤受冻的国光苹 果。"刘慧涛说，那时自己就暗下决心，以后要研究果树栽培知识。1982年填报高考志愿时，刘慧涛选 择了吉林农业大学的果树专业，1986年毕业后，他分配到吉林省农业科学院果树研究所 ...

Financial Data and Key Metrics Changes - In fiscal year 2025, net sales and revenues decreased by 12% to $45.7 billion, while net sales for equipment operations fell by 13% to $38.9 billion [8][12] - Net income attributable to Deere & Company was $5 billion, or $18.50 per diluted share [8][12] - For the fourth quarter, net sales and revenues increased by 11% to $12.4 billion, and net sales for equipment operations rose by 14% to $10.6 billion [8][12] - Net income for the fourth quarter decreased to $1.1 billion, or $3.93 per diluted share [8][12] Business Segment Data and Key Metrics Changes - Production and Precision Ag segment saw net sales of $4.74 billion, up 10% year-over-year, with an operating margin of 12.7% [9] - Small Ag and Turf segment reported net sales of $2.57 billion, up 7% year-over-year, but operating profit declined to $25 million due to higher costs [10] - Construction and Forestry segment's net sales increased by 27% year-over-year to $3.382 billion, with an operating margin of 10.3% [13] Market Data and Key Metrics Changes - Industry sales of large equipment in the U.S. and Canada are expected to decline by 15%-20% in fiscal year 2026, while small ag and turf demand is estimated to be flat to up 5% [10][11] - In Europe, the industry is projected to be flat to up 5%, with robust dairy sector margins [11][46] - South America is expected to see flat industry sales, with Brazilian demand tempered by high interest rates and strong global crop yields [11][12] Company Strategy and Development Direction - The company aims to manage inventory carefully and avoid oversupply while focusing on used inventory reduction [37] - Deere is committed to advancing its smart industrial journey, emphasizing technology and innovation across all production systems [19][23] - The company anticipates growth in small ag and turf, as well as construction and forestry, while entering North American large ag with lean production [67] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about stabilization in certain segments and geographies, despite challenges in large ag [7][8] - The company highlighted strong crop use and supportive government payments as potential upside factors [10][41] - Management acknowledged the resilience of the organization amidst a challenging market backdrop, with a focus on long-term customer value [19][67] Other Important Information - The company expects full-year net income for fiscal year 2026 to be in the range of $4 billion to $4.75 billion, with an effective tax rate between 25%-27% [17] - Cash flow from equipment operations is projected to be between $4 billion and $5 billion [17] - The company plans to resume normal capital allocation activities in 2026 after pausing buybacks in Q4 due to market uncertainty [67] Q&A Session Summary Question: How is the company thinking about offsetting the $1.2 billion tariff headwind in 2026? - The company expects to capture back some of the incremental exposure through price-cost positive expectations and will continue to execute activities to mitigate the impact [73][74] Question: Can you provide insights on the production plans and product mix implications for seasonality? - The company anticipates lower than normal seasonal production to start the year, with flexibility to adjust to demand in subsequent quarters [51][44]

Core Insights - A new company, Peng'an County Changwo Agricultural Materials Co., Ltd., has been established with a registered capital of 20 million RMB [1] Company Overview - The legal representative of the company is Jiang Zheng [1] - The company’s business scope includes a variety of agricultural and food-related activities, such as fertilizer sales, organic fertilizer research and development, and agricultural waste resource utilization technology [1] - The company is also involved in the sale of various food products, including pre-packaged food, infant formula, fresh meat, eggs, fruits, and vegetables [1] Business Activities - The company engages in both general and licensed business activities, with general activities including IoT application services, low-temperature storage, and agricultural machinery sales [1] - Licensed activities include food internet sales, catering services, and pesticide production and retail [1] - The company is permitted to conduct business activities only after obtaining the necessary approvals from relevant authorities [1]

Core Viewpoint - The transformation of the Baoyan Town Modern Agricultural Industry Science and Technology Park into a high-tech agricultural innovation platform has successfully revitalized a previously underperforming area, contributing to rural revitalization efforts [1][3]. Group 1: Agricultural Innovation and Technology - The park features intelligent temperature-controlled greenhouses that enable year-round production of rare mushrooms, addressing the seasonal production challenges faced by traditional greenhouses [2]. - Jiangsu Zhifeng Future Biotechnology Co., Ltd. operates a mushroom cultivation base within the park, achieving a stable daily output of 1,250 to 1,500 kilograms of mushrooms, with winter prices increasing by approximately 10% due to market demand [2]. Group 2: Project Development and Collaboration - The park has introduced unique projects like the Lithops cultivation base to differentiate itself from regional competitors and fill gaps in specialty planting [2]. - The park has established partnerships with local educational institutions, such as Jiangsu Agricultural and Forestry Vocational Technical College, to support technological upgrades and variety improvements [2][3]. Group 3: Infrastructure and Resource Management - The park underwent significant renovations after being acquired by the local government, transforming it from a neglected site into a vibrant agricultural hub [1]. - The establishment of various pilot projects, including a rice breeding research center and organic scallion cultivation, has created a robust agricultural ecosystem within the park [3].

Core Viewpoint - Gansu Xintian Fertilizer Technology Co., Ltd. has been established with a registered capital of 10 million RMB, focusing on various agricultural and chemical services [1] Company Overview - The legal representative of Gansu Xintian Fertilizer Technology Co., Ltd. is Liu Wenxin [1] - The company has a registered capital of 10 million RMB [1] Business Scope - The company is involved in the production of fertilizers and pesticides, as well as their wholesale and retail [1] - Additional services include accommodation, catering, aquaculture, feed production, and road cargo transportation (excluding hazardous goods) [1] - General projects include mixed processing of soil and fertilizers, sales of fertilizers, technical services, and research and development of bio-organic fertilizers [1] - The company also engages in agricultural machinery services, sales of agricultural films, and various agricultural product services such as planting, harvesting, and storage [1]

Core Insights - The lemon harvest season in Chongqing's Tongnan District has begun, with 320,000 acres of lemons being collected, showcasing the integration of technology in agriculture through the use of agricultural drones [1] Group 1: Agricultural Innovation - The introduction of agricultural drones has significantly improved the efficiency of lemon transportation, reducing reliance on manual labor which previously limited transport capacity to about 1,000 pounds per person per day [1] - Each drone can carry 200 pounds of lemons at a time, achieving a daily transport capacity of up to 15 tons, thus enhancing operational efficiency [1] - The drones have already transported approximately 700 tons of lemons this year, demonstrating their effectiveness in agricultural logistics [1] Group 2: Technological Impact on Agriculture - The deployment of over 90 agricultural drones in Tongnan District has addressed transportation challenges in hilly areas, promoting cost reduction and efficiency in agriculture [1] - These drones are multifunctional, capable of not only transporting produce but also spraying pesticides and sowing seeds, indicating a broader application of drone technology in farming [1]