LOUDI, China, Sept. 12, 2025 (GLOBE NEWSWIRE) -- The 2025 "Ziquejie Terraced Fields in Dialogue with the World" -- the 3rd Agricultural Cultural Exchange and Mutual Learning Conference and the 9th Agricultural Heritage Conference -- opened in Xinhua County, Loudi City on Friday. Approximately 200 participants attended the event, including representatives from global and national important agricultural cultural heritage sites, as well as domestic and foreign experts and scholars in related fields, all joinin ...

Core Viewpoint - Daya Bay Development Zone demonstrates significant progress in high-quality development through efficient fiscal management, deepening state-owned enterprise reforms, and robust financial services to the real economy, collectively driving sustainable economic growth and social development [2]. Fiscal Management - In 2024, Daya Bay Development Zone achieved a general public budget revenue of 6.74 billion yuan, with a notable increase in local government special bond issuance to 2.9 billion yuan, up 156.6% from 2023 [3]. - The expenditure structure is increasingly focused on public welfare, with 6.1 billion yuan allocated to social welfare, accounting for 77% of the general public budget expenditure [3]. - Key investments include approximately 1.29 billion yuan in education, 680 million yuan in healthcare, and 490 million yuan in employment and social security [3]. State-Owned Enterprises - The reform of state-owned enterprises in Daya Bay has led to a significant increase in their scale, with total assets reaching 43.384 billion yuan, exceeding the annual target by 10% and showing a 110% growth compared to the end of 2022 [5]. - In 2024, the operating income of state-owned enterprises surpassed 7 billion yuan, effectively doubling since the end of 2022, with net assets increasing by 24% to 14.454 billion yuan [5]. Infrastructure and Public Services - The establishment of a 40,000-ton grain storage facility enhances regional food security, while the addition of over 4,200 public parking spaces addresses parking challenges [6]. - Water supply projects have increased raw water supply by 200,000 cubic meters per day, achieving a 100% compliance rate for rural drinking water safety [6]. - The municipal sewage treatment capacity has reached 331,000 cubic meters per day, ensuring comprehensive coverage [6]. Financial Services - The financial system has facilitated 3.846 billion yuan in loans for urban village renovation projects, enhancing support for industrial development [7]. - A total of over 6 billion yuan has been raised through various channels to support the development of the Tanghong area, with significant contributions from local government special bonds and policy bank loans [4]. Future Development Focus - In 2025, Daya Bay Development Zone aims to focus on six key areas to drive high-quality development, with a public budget revenue of 4.07 billion yuan achieved in the first half of the year [8]. - Social welfare expenditure reached 2.53 billion yuan in the first half of 2025, accounting for 75% of total expenditures, emphasizing the commitment to economic development [8].

Core Insights - Inner Mongolia Yili Industrial Group Co., Ltd. reported total revenue of 115.78 billion yuan for FY2024, reinforcing its status as Asia's leading dairy producer [1] - In Q1 FY2025, Yili experienced better-than-expected growth with simultaneous increases in revenue and net profit despite challenging market conditions [1] Financial Performance - Yili proposed a dividend payout of 7.726 billion yuan for FY2024, achieving a record-high payout ratio of 91.4% [4] - The company initiated a share buyback program of up to 2 billion yuan, resulting in total shareholder returns of 100.4% of profits [4] - Cumulatively, Yili has distributed 50.8 billion yuan in dividends since its listing, ranking first among Chinese dairy companies [4] Business Segments - In FY2024, Yili's liquid milk business generated revenue of 75.003 billion yuan, maintaining its leading position [5] - The ice cream segment reported revenue of 8.721 billion yuan, securing the top spot in revenue and market share for the 30th consecutive year [5] - Milk powder and related businesses achieved record-high revenue of 29.675 billion yuan, with milk powder sales leading in China and goat milk formula ranking first globally [5] International Growth - Yili's international business showed robust growth in FY2024, with overseas ice cream revenue increasing by 13% and infant formula revenue surging by 68% [6] - Flagship brands Cremo and Joyday performed strongly in Southeast Asia, ranking among the top three ice cream brands in Indonesia and Thailand [6] Corporate Responsibility and ESG - Yili promotes a comprehensive green supply chain and engages in rural revitalization initiatives and social responsibility programs [7] - The company achieved an AA rating in MSCI's latest 2024 ESG ratings, the highest in the industry, marking four consecutive years of upgrades [8]