"咱选用的是大穗大粒优良品种，只是缩小了行距，播量不增加，单株间株距分布更均匀，只要拔节前 做好防控，后期应用栽培技术调整群体结构、促进通风透光，就能预防虫害、增加茎秆粗壮度抗倒 伏。"桑伟耐心解释道。 三 微风掠过南疆大地，四十二团四连的一块玉米地里，收割后的秸秆在阳光的暴晒下，闪着金黄色的光 泽。 就是这块高产田，不久前刷新了全国复播玉米高产纪录，实现"冬小麦+复播玉米"一年两熟周年亩产 1956.18公斤的好成绩。 "'两吨田'这个目标具有极大的挑战性。"新疆农垦科学院研究员桑志勤说，根据南疆粮食作物产量水 平，要实现"两吨田"目标，复播玉米平均亩产就要达到1.2吨。 近年来，为进一步落实国家粮食安全战略，兵团党委提出推动"一年两熟"种植模式、力争实现大面 积"吨半田"和小面积"两吨田"目标。新疆农垦科学院集中优势科研力量，积极开展高产创建示范工作。 盛夏，阳光炽热，冬小麦进入扬花灌浆期。 "小麦花期比'昙花一现'还短暂。每一朵小麦花的完美闭合，都预示着将孕育出一粒饱满的麦子。"桑伟 说。 2025年6月，新疆气温陡然升高，桑伟顶着烈日，带领团队指导种植户在小麦扬花后加紧喷施磷酸二氢 钾和杀虫杀菌剂，帮 ...

（文章来源：证券日报） 证券日报网讯 12月24日，隆平高科在互动平台回答投资者提问时表示，公司积极践行国家粮食安全战 略，正稳步推进大豆等业务的战略布局。 ...

12月18日，元创科技股份有限公司（股票简称：元创科技，股票代码：001325.SZ）正式登陆深交 所主板上市。公司此次上市有望借助资本市场力量，进一步缩小与国际巨头的差距，进而在全球市场中 占据更有利的竞争地位。 掌握全链条核心技术 市场地位稳固 元创股份是一家专业从事研发、生产、销售橡胶履带类产品的企业，主要产品最终应用于农业生 产、工程施工等不同应用场景。公司凭借过硬的技术能力和产品质量，国内市占率靠前。 通过长期的生产实践、技术引进与自主创新，公司掌握了橡胶履带全链条核心技术，自主研发了涵 盖防龟裂、高强度、高硬度及抗撕裂等特性的多样化橡胶配方，可针对客户的特殊需求定制开发具备特 殊结构或功能的橡胶履带。目前，元创股份拥有多项专利技术，覆盖恒温炼胶、耐低温配方、防开裂硫 化等关键工艺。其产品可广泛应用于联合收割机、挖掘机、装载机等多种设备，既能满足水田泥泞环境 的高强度作业要求，也能适应市政施工对路面的保护需求，实现了多元场景的全面覆盖。 近年来，元创股份的营业收入及归母净利润保持了稳定增长势头，其中，2025年1-9月，元创股份 的营收及归母净利润分别同比增长8.05%、6.27%。净资产收益率连续 ...

Core Insights - Soybeans have emerged as a critical leverage point in the U.S.-China geopolitical landscape, with China committing to purchase 12 million tons of U.S. soybeans by the end of the year and 25 million tons annually for the next three years, although this is still significantly lower than previous peak levels [4][6][20] Group 1: U.S.-China Soybean Trade Dynamics - The recent reduction of U.S. soybean import tariffs by China is perceived as a potential thaw in relations, but analysts suggest it is more of a strategic maneuver rather than a genuine reconciliation [4][6] - The U.S. soybean farmers are facing severe challenges, with over half of their exports going to China, valued at $24.5 billion, leading to significant price drops and increased operational costs [8][11] - The political implications are significant, as soybean production areas are key Republican strongholds, making them vulnerable to trade policies that could impact Trump's electoral base [11][20] Group 2: Strategic Responses and Long-term Planning - China has strategically redirected soybean orders to Brazil and Argentina, with Brazilian exports to China reaching 86.6% in the first half of 2025, indicating a shift in supply sources [13][16] - Domestic soybean self-sufficiency has improved, with production exceeding 20 million tons for three consecutive years, and efforts are being made to diversify protein sources to reduce dependency on imports [16][18] - The ongoing soybean negotiations highlight a broader strategy for food security, emphasizing the importance of reducing reliance on geopolitical adversaries for essential commodities [18][20]

Core Viewpoint - The price of phosphate rock is expected to remain strong due to tight supply and robust demand driven by agricultural needs and the growth of the new energy sector [1] Supply Side Analysis - Domestic new capacity for phosphate rock is mostly in the construction phase, limiting short-term release of supply [1] - Factors such as long mining construction periods and stricter environmental policies contribute to the overall tight supply of phosphate rock [1] - High-grade phosphate resources are relatively scarce, providing strong support for phosphate rock prices [1] Demand Side Analysis - Phosphate rock is widely used in agricultural fields, particularly in phosphate and compound fertilizers, with demand remaining rigid due to food security strategies [1] - The rapid development of the new energy industry has increased the demand for phosphate rock for materials like iron phosphate and lithium iron phosphate, further supporting phosphate rock prices [1]

Core Insights - The early rice harvest in Maoming has achieved record high total production and yield in three years, with a total planting area exceeding 1.44 million acres and total output surpassing 620,000 tons [2][3]. Group 1: Production and Yield - The total production and yield of early rice in Maoming have increased by 0.4% and 0.9% year-on-year, respectively, marking a "double increase" [3]. - The average yield reached 431 kg per acre, with demonstration areas achieving theoretical yields exceeding 600 kg per acre [2][11]. Group 2: Agricultural Strategies - Maoming has implemented the national food security strategy, focusing on "storing grain in the land and technology," and promoting the integration of five key elements: good land, good seeds, good practices, good opportunities, and good systems [4][5]. - The city is actively promoting reasonable planting density for rice, with a demonstration area of 85,000 acres, increasing planting density to over 16,000 holes per acre, which is 15% higher than non-demonstration areas [9][10]. Group 3: Support and Services - The city is enhancing the production capacity of grain and oil by supporting large-scale planting entities and integrating high-yield technology models [12][14]. - Socialized agricultural service entities are providing comprehensive services, including machine tillage, harvesting, and pest control, covering over 500,000 acres and benefiting 120,000 small farmers [26][27]. Group 4: Pest Control and Loss Management - Maoming is conducting a "pest control for grain" initiative, ensuring a pest control response rate of 100% and controlling grain loss to below 5% [23][25].

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of RMB 14.66 [1][7]. Core Views - The company reported a revenue of RMB 1.056 billion for the first half of 2025, representing a year-on-year increase of 18.13%, while the net profit attributable to the parent company was RMB 84.43 million, up 2.23% year-on-year [8]. - The company is expected to benefit from national policies and technological advancements in the grain and oil processing and logistics sectors, enhancing its industry position [11]. - The company has a strong long-term development outlook under the backdrop of food security strategies [8]. Financial Performance - For the first half of 2025, the company achieved revenue of RMB 1.056 billion, with a net profit of RMB 84.43 million, and a non-recurring net profit of RMB 78.48 million [8]. - The revenue breakdown for the first half of 2025 shows design consulting, electromechanical engineering, and equipment manufacturing revenues of RMB 201 million, RMB 672 million, and RMB 159 million, respectively [9]. - The overall gross margin for the first half of 2025 decreased by 2.64 percentage points to 24.20% [9]. Earnings Forecast and Valuation - The company’s projected revenues for 2024, 2025E, 2026E, and 2027E are RMB 2.652 billion, RMB 2.929 billion, RMB 3.173 billion, and RMB 3.375 billion, respectively, with growth rates of 9.84%, 10.43%, 8.35%, and 6.37% [6]. - The net profit attributable to the parent company is forecasted to be RMB 233.67 million, RMB 268.23 million, RMB 294.48 million, and RMB 317.70 million for the years 2024, 2025E, 2026E, and 2027E, respectively [6]. - The company is expected to maintain a PE ratio of 26.33 for 2024, decreasing to 19.37 by 2027 [6].

Group 1 - The National Food and Strategic Reserves Administration has approved the implementation of the minimum purchase price for wheat in Henan province starting June 7, 2023, marking the official restart of wheat market purchasing after five years [1] - The minimum purchase price execution plan will be in effect from June 1 to September 30, 2023, aimed at protecting farmers' interests as wheat prices have fallen below 1.19 yuan per jin, causing panic selling among farmers [1] - Henan province, being the largest wheat-producing area in China, contributes to one-fourth of the national wheat output, making the implementation of this plan crucial for stabilizing the market and ensuring farmers' willingness to cultivate wheat [1] Group 2 - The policy of minimum purchase price is designed to support major grain-producing areas and stabilize market prices, preventing situations where low prices harm farmers [2] - The initiation of policy-based purchasing is particularly important given the rising costs of grain production for farmers, enhancing the expectation of grain traders to hold onto stocks in anticipation of price increases [2] - From a broader food security strategy perspective, the restart of the minimum purchase price will help increase policy reserves without disrupting the market, thereby maintaining reasonable grain inventory levels and enhancing food security [2]

Core Viewpoint - Jifeng Technology's controlling shareholder, Sichuan Tequ Education Management Co., Ltd., is planning a change in the company's control, leading to a suspension of trading for the stock starting April 11 [3][5]. Group 1: Company Control Change - Jifeng Technology announced that its controlling shareholder, Tequ Education, is in the process of planning a change in control, with specific details to be determined by agreements signed by the parties involved [3][5]. - The stock of Jifeng Technology will be suspended from trading to ensure fair information disclosure and avoid abnormal stock price fluctuations, with the suspension expected to last no more than two trading days [5]. Group 2: Financial Performance - Jifeng Technology reported a significant decline in net profit for 2024, with a net profit attributable to shareholders of -30.81 million yuan, a decrease of 283.36% year-on-year [7][8]. - The company's operating revenue for 2024 was 2.709 billion yuan, reflecting a year-on-year increase of 2.24% [8]. - The basic earnings per share for 2024 were -0.0621 yuan, a decrease of 265.60% compared to the previous year [8]. Group 3: Business Overview - Jifeng Technology operates primarily in two segments: agricultural machinery chain sales services and high-end specialty agricultural machinery research and manufacturing [7]. - The company has agency rights for several international and domestic agricultural machinery brands, including Case New Holland, Kubota, and DJI drones [7]. Group 4: Future Outlook - For 2025, Jifeng Technology aims to enhance internal management and operational efficiency, promote innovation in subsidiary operations, and actively integrate high-end, intelligent resources to align with industry trends [9]. - The company's stock price has increased by over 50% year-to-date, closing at 8.06 yuan per share on April 10, with a total market capitalization of 4 billion yuan [9].