Core Viewpoint - Dabeinong (002385.SZ) is expected to report a net profit of 190 million to 250 million yuan for the first half of 2025, marking a turnaround from losses in the previous year [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 190 million to 250 million yuan, indicating a year-on-year turnaround [1] - The significant increase in seed business sales contributed to the profitability, with rice seed sales more than doubling and corn seed sales increasing over threefold [1] Group 2: Operational Highlights - Feed product sales also saw growth during the reporting period, alongside a reduction in operating expenses [1] - The number of pigs sold increased by 34.64% year-on-year, while breeding costs decreased, and pig prices remained stable [1]

Core Viewpoint - Gansu Yasheng Industrial (Group) Co., Ltd. announced the implementation of its 2024 annual profit distribution plan, which includes a cash dividend of 0.0055 CNY per share, approved at the shareholders' meeting on May 22, 2025 [2][4]. Distribution Details - The cash dividend of 0.0055 CNY per share will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [3]. - The total cash dividend payout amounts to 10,708,033.17 CNY, based on a total share capital of 1,946,915,121 shares [4]. Implementation Method - The dividends for unrestricted circulating shares will be distributed through the clearing system of China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders who have completed designated transactions [5]. - Cash dividends for specific shareholders, such as Gansu Provincial Agricultural Reclamation Group Co., Ltd. and Gansu Provincial Agricultural Reclamation Asset Management Co., Ltd., will be distributed directly by the company [6]. Taxation Information - For individual shareholders holding shares for over one year, the cash dividend is tax-exempt, resulting in a net payout of 0.0055 CNY per share [9]. - For individual shareholders holding shares for one year or less, the tax treatment varies, with a maximum effective tax rate of 20% for those holding shares for one month or less [9]. - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in a net dividend of 0.00495 CNY per share [10]. - Hong Kong investors will also receive a net dividend of 0.00495 CNY per share after a 10% withholding tax [11]. Contact Information - Shareholders with inquiries regarding the profit distribution can contact the Securities Legal Affairs Department of Gansu Yasheng Industrial (Group) Co., Ltd. at 0931-8857057 [12][13].

Core Points - The company announced a cash dividend of CNY 0.0055 per share for its A shares, totaling CNY 10,708,033.17 to be distributed to shareholders [1][2][5] - The dividend distribution plan was approved at the annual shareholders' meeting held on May 22, 2025 [2][5] - The record date for shareholders to receive the dividend is July 17, 2025, with the last trading day and ex-dividend date both set for July 18, 2025 [2][3] Dividend Distribution Details - The total number of shares for the dividend calculation is 1,946,915,121 shares [2] - The cash dividend will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch [3][5] - Different tax treatments apply based on the holding period of the shares, with specific rates for individual shareholders and qualified foreign institutional investors (QFII) [4][5]

Core Points - Beijing Shunxin Agriculture Co., Ltd. issued its first medium-term note for 2025 on July 9, 2025, with a total issuance amount of 1 billion yuan [1] - The bond has a term of 2 years and a coupon rate of 1.87%, with the interest starting from July 10, 2025, and maturing on July 10, 2027 [1] - The lead underwriter for this issuance is China International Capital Corporation, with Bank of Communications as a co-lead underwriter [1] Summary by Sections Issuance Details - The company received a registration notice for the medium-term notes with a registered amount of 1 billion yuan on December 13, 2024 [1] - The issuance was part of the company's financing strategy to support its operations and growth [1] Financial Information - The bond's coupon rate is set at 1.87%, which reflects the company's cost of borrowing in the current market environment [1] - The total amount issued is 1 billion yuan, indicating the company's confidence in its financial stability and market conditions [1] Underwriting Information - The bond is managed by China International Capital Corporation, which is a significant player in the investment banking sector [1] - The involvement of Bank of Communications as a co-lead underwriter highlights the collaborative nature of bond issuances in the market [1]

Group 1 - The core viewpoint of the articles is the promotion of rural revitalization and urban-rural integration in Xi'an through innovative practices and exemplary cases [1][2] - The fifth batch of ten exemplary cases was released, showcasing successful initiatives in enhancing agricultural productivity, ensuring food security, and activating rural new business formats [1] - Key examples include the digital and collaborative sales model by Xi'an Agricultural Investment Group and the transformation of the local kiwi fruit into a billion-dollar brand [1] Group 2 - Xi'an will focus on developing new agricultural productivity, building livable and workable beautiful villages, and promoting urban-rural integration [2] - Continuous deepening of rural reforms and strengthening of technological empowerment are emphasized to enhance modern agricultural comprehensive benefits [2] - The aim is to improve the urban-rural integration system and mechanism, facilitating the orderly flow of urban and rural factors [2]

Group 1: Power Industry Insights - The report suggests that both electricity and coal prices are likely to rise, with electricity price increases expected to outpace coal prices. This trend may end the previous two years' pattern of declining power sector performance in the second half of the year [2][26][27] - National power load reached a historical high of 1.465 billion kilowatts on July 4, 2025, marking a 200 million kilowatt increase from the end of June and a 150 million kilowatt increase year-on-year. The eastern power grid accounted for 422 million kilowatts, with air conditioning loads constituting 37% [4][27] - The Ningxia-Hunan ±800 kV UHVDC project is set to enhance power supply in Hunan, with a total investment of 28.1 billion yuan and a transmission capacity of 8 million kilowatts, expected to deliver over 36 billion kilowatt-hours annually [5][28] Group 2: Capital Market Transformation - The report emphasizes the necessity for capital transformation to match economic restructuring, highlighting the role of government-led funds and patient capital in supporting innovation-driven growth [7][8] - The scale of the primary market has reached approximately 10 trillion yuan, growing rapidly, which presents five key opportunities for secondary market investors, including the need for research-based exit strategies and the increasing importance of mergers and acquisitions [9] - Successful overseas experiences in venture capital are boosting confidence in China's economic transformation, with a focus on integrating government and market-driven approaches [8] Group 3: Real Estate Market Trends - The report maintains an "overweight" rating for the real estate sector, recommending several companies across different categories, including Vanke A, Poly Development, and China Overseas Development [15][35] - In the first half of 2025, land transaction prices outperformed transaction volumes, with a notable structural divergence favoring first- and second-tier cities. The average land transaction price increased by 30.3% year-on-year [16][36] - The average premium rate for land transactions in first-tier cities was 10.7%, reflecting a 6.6 percentage point increase year-on-year, driven by local governments increasing the supply of quality land [17][37]

Core Viewpoint - Yunnan Shennong Agricultural Industry Group Co., Ltd. is holding a shareholders' meeting on July 10, 2025, to discuss various corporate matters including the repurchase and cancellation of restricted stocks due to certain employees no longer qualifying as incentive targets and performance issues [4][6][7]. Group 1: Meeting Procedures - Shareholders must arrive 30 minutes before the meeting with necessary identification and documentation for attendance verification [1]. - Only authorized attendees such as shareholders, board members, and invited personnel are allowed in the meeting [2]. - Shareholders have the right to speak, inquire, and vote, but must register in advance for speaking [2][3]. Group 2: Voting Process - Voting will be conducted by a named ballot system, with each share representing one vote [3]. - Invalid votes will be treated as abstentions, including ballots that are improperly marked or not using the official voting tickets [3]. - Online voting is available through the Shanghai Stock Exchange's system on the meeting day [3]. Group 3: Stock Repurchase and Cancellation - The company plans to repurchase and cancel a total of 274,594 restricted stocks, which is 0.0523% of the total share capital, due to employees leaving or not meeting performance criteria [5][7]. - The repurchase price is set at 13.72 RMB per share, totaling approximately 3.7674 million RMB, funded entirely by the company's own resources [5]. - Following the repurchase, the total shares will decrease from 524,839,012 to 524,564,418, and the registered capital will be reduced accordingly [6][7]. Group 4: Amendments to Company Articles - The company will amend its articles of association to reflect changes in registered capital and total shares due to the stock repurchase [6][7]. - Specific clauses regarding registered capital and total shares will be updated, while other provisions in the articles will remain unchanged [7].

Group 1 - Postal Savings Bank of China (PSBC) is enhancing rural credit system construction and focusing on high-quality financial development for agriculture, contributing to agricultural harvest and farmers' income [1] - Since the beginning of the year, PSBC has deployed financial support for spring farming, issuing 320 loans totaling 33.24 million yuan for spring farming preparations [1] - From April onwards, PSBC has launched initiatives to support summer grain procurement, issuing a total of 592 million yuan in grain procurement loans to meet the short-term funding needs of farmers [1] Group 2 - Binzhou Guosheng Agricultural Technology Co., Ltd., a prominent grain producer in Binzhou, urgently sought funding from PSBC for wheat procurement and agricultural machinery operations [2] - PSBC simplified the loan process, providing a 4 million yuan pure credit industry loan to the company within three days, addressing the financing challenges faced by the client [2] - PSBC remains committed to serving the agricultural sector, focusing on grain production and enhancing credit support for agricultural entities [2]

2025.05. 28 本文字数：2713，阅读时长大约4.5分钟 作者 | 第一财经 周楠 就在上月，ST银江及公司多名高管收到证监局罚单，公司被查明存在关联方非经营性资金占用、财 报虚假记载等多项违规，因此被叠加实施其他风险警示。 5月以来，随着年报季收官，A股市场密集出现一波ST股"摘星脱帽"潮。Wind统计显示，月内已有逾 20 家 ST 公 司 撤 销 退 市 风 险 警 示 及 其 他 风 险 警 示 ， 涉 及 农 尚 环 境 （ 300536.SZ ） 、 金 时 科 技 （002951.SZ）等。这些公司撤销退市风险警示，原因包括借重组实现扭亏为盈、资金占用问题完 成整改等。 不过，从基本面来看，部分个股的退市风险虽暂时解除，但仍面临业绩不佳、诉讼缠身等多重问题。 例如，ST银江2024年和2025年一季度均亏损，农尚环境面临投资者索赔。 | 代码 | 名称 | 撤销日期 | 撤销前向称 | | --- | --- | --- | --- | | 300020. SZ | ST银江 | 2025/5/27 | *ST银汇 | | 300368. SZ | 汇金股份 | 2025/5/26 | ...

强化财政支持。加大涉农专项资金统筹力度，推进先建后补、以奖代补。今年，省级安排现代农业发展 补助专项资金72亿元，重点支持高标准农田、区域性农业综合服务中心、秸秆综合利用等方面建设。各 地出台农业农村重点项目财政支持政策200余条。 强化金融支持。省农业农村厅每年联合人行江苏省分行印发农业农村重点项目对接清单，做好重点项目 融资对接。无锡市依托"乡村振兴金融联盟"平台，引导金融机构为27个重点项目放贷。镇江市开展"金 穗行动"，引导金融机构为40个重点项目授信。 强化用地保障。省农业农村厅连续两年会同省自然资源厅印发农业农村重点项目保障清单，为项目用地 提供优先保障。南通将农业农村重点项目用地保障写进市委一号文件，徐州则依托农业产业园区载体平 台，为项目落地建设创造有利条件。 广阔的市场空间、完备的产业配套、较强的科研实力、畅达的交通物流、一流的营商环境、得天独厚的 农业资源……江苏凭借综合实力成为企业投资兴业的"热土"。 □ 本报记者 吴 琼 小满时节，田间丰收在望，枝头杏肥梅黄。5月21日，一场以重点项目驱动乡村振兴的推进活动在南京 市溧水区火热开场——全省农业农村重点项目建设暨项目招引推进会重磅举行，国 ...