Group 1 - The core viewpoint of the articles highlights the innovative use of technology, such as drones and small harvesters, to improve the efficiency of rice and corn harvesting in Jiangxi and Shandong provinces, especially in challenging terrains and weather conditions [2][10][19] - In Jiangxi province, 2.16 million acres of late rice are being harvested with the help of drones and small harvesters, significantly enhancing the efficiency of harvesting in mountainous areas [2][3] - In Shandong province, a female drone operator has created an aerial transport solution to assist farmers in moving corn during continuous rainfall, showcasing the adaptability of technology in agriculture [10][13][15] Group 2 - The use of tracked harvesters in Jiangxi's rice fields allows for efficient operations, completing multiple tasks such as cutting, threshing, and loading in one go [3] - In areas with steep terraces, small harvesters were first introduced in 2025 to tackle the challenges posed by narrow fields [5] - The integration of agricultural service centers in Jiangxi provides farmers with a "point-to-order" service for machinery scheduling and grain drying, streamlining the entire harvesting process [9] Group 3 - The female drone operator in Shandong, who has experience with plant protection drones, adapted her skills to transport grain, demonstrating the versatility of drone technology in agriculture [19][21] - Her team plans to expand operations by adding more drones and establishing temporary service points in each township to facilitate easier access for farmers [24] - As of now, the corn harvest progress in Gaoqing County, Shandong, has reached 90%, indicating a successful implementation of these innovative methods [24]

0:00 作者：多蕾、王毅 新华社音视频部制作 最近正是苹果采收的时节，在苹果种植大县甘肃省平凉市静宁县，阴雨连绵加之山地梯田交通不便，果 农便选择无人机转运苹果，每次可以运送3筐约100斤，大大提高了采收效率。 ...

Financial Data and Key Metrics Changes - Net sales increased by 2.5% year-over-year to $1.05 billion, with operating margin improving by 120 basis points and diluted earnings per share rising by 21% to $4.98 [4][14][15] - Gross profit margin increased to 30.4%, up 80 basis points from the previous year [14] - Operating income rose to $141 million, with operating margins at 13.5%, reflecting improved infrastructure results [14][15] Business Line Data and Key Metrics Changes - Infrastructure sales grew by 6.6% to $808.3 million, driven by a 12.3% increase in utility sales due to pricing and higher volumes [15] - Agriculture sales decreased by 9% year-over-year to $241.3 million, primarily due to lower irrigation equipment volumes and economic pressures in Brazil [16][17] Market Data and Key Metrics Changes - The utility market is experiencing strong demand driven by data center expansion, manufacturing onshoring, and broader electrification, with transmission CapEx expected to grow at a 9% CAGR through 2029 [8][15] - The Asia-Pacific market for lighting and transportation remains pressured, with operational challenges impacting results [9][15] Company Strategy and Development Direction - The company is focused on simplifying its business, directing resources to high-return initiatives, and enhancing performance in attractive markets [5][6] - Valmont aims to lead the North American utility market through capacity expansion and operational improvements, with significant investments in brownfield utility expansions [5][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the business, despite near-term macro pressures, and highlighted the importance of disciplined execution and innovation [12][20] - The company raised its full-year adjusted diluted earnings per share expectations to a range of $18.70-$19.50, indicating positive momentum [22] Other Important Information - The company is investing in technology and aftermarket parts, with aftermarket sales growing by 15% year-over-year [20] - A new Chief Accounting Officer has joined the team, bringing extensive experience in large-scale manufacturing [22] Q&A Session Summary Question: Infrastructure margins and improvement initiatives - Management highlighted that margin improvements stem from pricing and cost actions, with utility expansions contributing significantly to operating margins [25][26] Question: Capacity additions in utility - Management confirmed that capacity additions are tracking above expectations, with plans to exceed the benchmark of $100 million in additional revenue for every $100 million of capacity [29][30] Question: Utility segment pricing trends - Management indicated that pricing remains strong due to tariff mitigation plans and a healthy bid market, with expectations for continued strength in pricing [63][64] Question: Agriculture margins and bad debt expense - Management acknowledged challenges in agriculture margins due to lower sales and bad debt expense, but expects improvements in future quarters as issues are resolved [66][67]

Core Viewpoint - The introduction of drones for pomegranate harvesting in Yunnan's Lijiang has significantly improved efficiency and reduced fruit loss during the collection process [1] Group 1: Technology Implementation - Drones are now being used for the first time in the harvesting process, allowing for a single transport capacity of 100 pounds [1] - The time taken for a round trip using drones is approximately 1 minute, compared to over 20 minutes for traditional methods [1] Group 2: Operational Efficiency - The daily transport capacity of the drones reaches up to 9 tons, enhancing the speed of exporting high-quality pomegranates from the region [1] - The geographical challenges of the steep mountain terrain along the riverbanks have been mitigated by the use of drones, facilitating easier access to the crops [1]

Group 1 - The core viewpoint of the articles highlights the rapid progress of spring farming activities in the province, with a significant focus on mechanization and technology application in agriculture [1][2] - As of May 23, a total of 48.913 million acres of grain crops have been sown, accounting for 91% of the expected planting area, with corn sowing reaching 41.532 million acres at a progress rate of 98.9% [1] - The province's spring farming is primarily concentrated on rice transplanting and soybean sowing, with rice planted on 4.064 million acres (54.2% progress) and soybeans on 1.266 million acres (63.8% progress) [1] Group 2 - The corn planting areas in Liao Bei, such as Changtu County and Tieling County, show good seedling conditions, although some local areas experienced poor seedling quality due to heavy rain after sowing [2] - The application of agricultural technology during this spring farming season has been notable, with high-standard farmland projects achieving full mechanization and smart monitoring systems for real-time assessment of field conditions [2] - Advanced machinery, such as high-speed stubble removal harrows and precision sowing machines, are being utilized to enhance efficiency in corn planting and other agricultural processes [2]