Core Viewpoint - The implementation of the processing value-added import duty exemption policy in Hainan Free Trade Port has significantly reduced costs for companies, exemplified by Hainan Ausca International Grain and Oil Co., which has saved 300 million yuan since its establishment in 2021 [3][4]. Company Overview - Hainan Ausca International Grain and Oil Co. is a comprehensive grain and oil processing enterprise located in the bonded port area of Yangpu Economic Development Zone, focusing on the research, production, processing, and trade of edible vegetable oils, plant proteins, and phospholipid products [3][4]. - The company utilizes automated production lines to process imported raw materials such as rapeseed and soybeans into high-quality packaged edible oils for domestic consumption [3]. Policy Impact - The processing value-added import duty exemption policy is a key tax policy of Hainan Free Trade Port, allowing companies to lower procurement costs and enhance product competitiveness, with Ausca being the first pilot enterprise to benefit from this policy [4]. - Since the policy's implementation until August of this year, the Yangpu area has achieved a domestic sales value of 9.527 billion yuan, with an import duty exemption amounting to 737 million yuan, accounting for over 80% of the provincial total [4]. Financial Performance - Ausca International Grain and Oil Co. achieved a production value of 1 billion yuan in its first year of operation in 2021, with projections of approximately 6 billion yuan in 2024 and 8 billion yuan in 2025, driven by various Hainan Free Trade Port policy benefits [5].

Group 1 - The core viewpoint of the news is that Daodaoquan's stock price increased by 5.15% to 11.23 CNY per share, with a total market capitalization of 3.863 billion CNY as of the report date [1] - Daodaoquan Grain and Oil Co., Ltd. is located in Changsha, Hunan Province, and was established on July 28, 1999, with its listing date on March 10, 2017 [1] - The company's main business involves the research, production, and sales of edible vegetable oil products, with revenue composition as follows: packaged oil 62.71%, meal products 22.45%, bulk oil 13.67%, and others 1.17% [1] Group 2 - From the perspective of fund holdings, one fund under Invesco Great Wall has a significant position in Daodaoquan, holding 48,500 shares, which accounts for 0.54% of the fund's net value, ranking as the seventh-largest holding [2] - The Invesco Great Wall National Index 2000 Enhanced A fund was established on September 5, 2023, with a latest scale of 8.1886 million CNY and has achieved a year-to-date return of 39.57% [2] - The fund managers, Li Haiwei and Xu Yujun, have tenures of 11 years and 11 years respectively, with Li managing assets totaling 7.433 billion CNY and Xu managing 2.085 billion CNY [2]

Group 1 - The establishment of Gongxiao Grain and Oil (Zhoukou) Co., Ltd. with a registered capital of 49.8 million yuan [1] - The company's business scope includes sales of agricultural and sideline products, feed raw materials, livestock and fishery feed, and non-edible plant oil [1] - The company is jointly owned by China Supply and Marketing Group Co., Ltd. and Yihai Kerry (Zhoukou) Food Industry Co., Ltd., a wholly-owned subsidiary of Jinlongyu [1]

Group 1: Economic Data - In August, the total social electricity consumption reached 1015.4 billion kWh, a year-on-year increase of 5%. The national manufacturing electricity consumption in the same month increased by 5.5% year-on-year, the highest this year [2] - The OECD's mid-term outlook report predicts that the global economic growth rate in 2025 will be 3.2%, an upward revision of 0.3 percentage points from the June forecast, and the 2026 forecast remains at 2.9%. The economic growth forecasts of the US, Eurozone, Japan, and the UK for this year have been slightly raised [2] - The preliminary value of the US S&P Global Manufacturing PMI in September was 52, in line with expectations, and the final value in August was 53. The preliminary value of the Services PMI was 53.9, and the preliminary value of the Composite PMI was 53.6, both lower than expected and at a three-month low [2] - In September, the arrival volume of imported soybeans in China remained high. The soybean crushing volume of major oil mills in the country has remained above 2.3 million tons for four consecutive weeks, and this week's crushing volume is expected to be around 2.4 million tons. As of September 19, the soybean meal inventory of major oil mills has exceeded 1.2 million tons, and it is expected to rise above 1.25 million tons by the end of September [2] Group 2: Project News - The first-phase lithium carbonate project of Luopu Xihai New Energy Materials Co., Ltd. was put into operation. The total investment of the project is 4.6 billion yuan. After the first phase reaches full production, it can process 300,000 tons of lithium concentrate annually and produce 30,000 tons of battery-grade lithium carbonate [3] Group 3: Plate Performance - Key focus: urea, Shanghai copper, soybean meal, crude oil, plastic [4] - Night trading performance: non-metallic building materials 2.58%, precious metals 32.68%, oilseeds 10.34%, soft commodities 2.53%, non-ferrous metals 18.74%, coal, coke, steel, and minerals 13.97%, energy 3.01%, chemicals 11.88%, grains 1.05%, agricultural and sideline products 3.23% [4] Group 4: Plate Position - The chart shows the position changes of commodity futures plates in the past five days [6] Group 5: Performance of Major Asset Classes | Category | Name | Daily Change (%) | Monthly Change (%) | Year-to-Date Change (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index, SSE 50 | -0.18, -0.09 | -0.94, -1.91 | 14.02, 8.74 | | | CSI 300 | -0.06 | 0.51 | 14.86 | | | CSI 500 | -0.61 | 1.94 | 25.41 | | | S&P 500 | -0.55 | 3.04 | 13.18 | | | Hang Seng Index | -0.70 | 4.31 | 30.40 | | | German DAX | 0.36 | -1.22 | 18.60 | | | Nikkei 225 | 0.00 | 6.50 | 14.03 | | | UK FTSE 100 | -0.04 | 0.39 | 12.85 | | Fixed Income | 10-year Treasury Bond Futures | -0.21 | -0.09 | -1.11 | | | 5-year Treasury Bond Futures | -0.13 | 0.10 | -0.86 | | | 2-year Treasury Bond Futures | -0.05 | -0.07 | -0.61 | | Commodity | CRB Commodity Index | 0.00 | -1.52 | 0.35 | | | WTI Crude Oil | 2.22 | -0.61 | -11.48 | | | London Spot Gold | 0.46 | 9.17 | 43.40 | | | LME Copper | 0.21 | 0.92 | 13.80 | | | Wind Commodity Index | 0.94 | 11.20 | 28.57 | | Other | US Dollar Index | -0.08 | -0.63 | -10.37 | | | CBOE Volatility Index | 0.00 | 4.82 | -7.20 | [8]

Group 1 - Report industry: Agricultural products (soybeans, oil, and meal) [5] Group 2 - The core view of the report: Argentina's decision to cancel all grain export taxes before October 31 is expected to increase the near - term supply of soybeans and soybean oil and lower soybean premium quotes. In the short term, the market sentiment is negatively affected, and Argentine soybeans, soybean oil, and soybean meal are expected to impact the market at low prices from September to October. However, the market will eventually return to its trading pattern, and the oil market is more resistant to pressure than the protein market [5] Group 3 - Event: Argentina's government announced the cancellation of all grain export taxes before October 31. The previous export tax rates were 26% for soybeans and 24.5% for soybean meal and soybean oil [5] - Market reaction: After the news, U.S. soybeans, U.S. soybean oil, and Malaysian palm oil prices declined. In the domestic market, the decline of Dalian Commodity Exchange's soybean meal and three major oils exceeded 2% and 3%, respectively [5] - Supply impact: The policy is expected to increase the near - term supply of soybeans and soybean oil and lower soybean premium quotes [5] - Short - term impact: From September to October, due to the tax - exemption policy, Argentine soybeans, soybean oil, and soybean meal are expected to impact the market at low prices [5] - Follow - up focus: It is necessary to pay attention to Argentina's subsequent export capacity. From January to August 2025, Argentina has processed and exported about 33.22 million tons of soybeans, with an annual remaining usage of about 15 million tons [5] - Market resistance: The oil market is more resistant to pressure than the protein market [5]

Group 1 - The core theme of the public welfare action is "Protecting the Health of Impoverished Students," which marks the launch of a series of public welfare activities by Nanhai Oil and Fat Industry (Chiwan) Co., Ltd. in response to the national "Health Month" initiative [1] - The event is a collaboration between Nanhai Oil and Fat, Dongguan Mali, and a dental expert team from Shenzhen Nanshan Chronic Disease Hospital, focusing on oral health protection, material donations, and financial assistance to support the healthy growth of rural students [3] - This charitable initiative has been ongoing for 11 years, embodying the "Healthy China" concept through practical actions by the company [3] Group 2 - On September 8, dental experts provided engaging oral health lessons to sixth-grade students at Dapo Yihai Primary School, emphasizing the importance of proper brushing techniques [5] - The volunteer team visited multiple impoverished students' families to understand their learning and living conditions, providing essential supplies and scholarships for targeted support [5] - The following day, the team continued their efforts at Jingnao Yihai Primary School in Ganzhou, where parents expressed appreciation for the ongoing support beyond just financial aid [7] Group 3 - As a leading enterprise in the domestic grain and oil industry, Nanhai Oil and Fat integrates the concept of health into its business development and social responsibility practices, promoting public health awareness through a "product + service + public welfare" model [8] - Upcoming health public welfare activities include a nutritional health academic exchange on September 19 and the launch of the 2025 Jinlongyu Fengyitang charity walk at the end of September, advocating for a healthy lifestyle [8] - The "Jinlongyu Fengyitang" brand, launched in April, focuses on functional rice, flour, and oil products, incorporating health management into daily meals, with products like glycerol diester oil (DAG) and plant sterol series [8] - The company aims to build a health ecosystem covering rural children, urban families, and educated groups through diverse public welfare actions, aligning with national health policies and supported by the Jinlongyu Fengyitang health product system [8]

第十一届四川农业博览会"天府菜油"展区。 "天府菜油"亮相香港"家乡市集嘉年华"。 "天府菜油"行动科技创新团队项目成果——移动式谷物（油菜籽）应急干燥机、农用螺旋榨油机。 一勺金黄色的菜油滑入锅中，花椒与辣椒的香气被激活，各种食材的风味因油而交融——这是造就川菜独特 味道的关键所在。 四川是全国油菜籽产量第一大省，也是菜籽油消费最旺盛的地区之一。2018年11月22日，国内食用油行业首 个省级粮油区域公共品牌"天府菜油"诞生，通过"公共品牌+企业自有品牌"的方式，推动着四川更多高端菜油产品 走向市场，改写了四川菜油"有品质无品牌"的历史。 金秋九月，"天府菜油"再传佳音：授权产品增至73个，合作企业达26家。"天府菜油"越来越大的"朋友圈"， 推动着更多"川字号"优质粮油产品香飘四海。 "品牌+"划定品质红线 保证产品"优胜劣汰" 9月初，第十一届四川农业博览会在成都开幕。展会期间，"天府菜油"省级粮油区域公共品牌授牌仪式举行， 11家授权企业的26个产品获得品牌授牌。至此，全省获得省级粮油区域公共品牌"天府菜油"使用授权的产品达73 个，共26家企业。 如何对这些获得授权的企业和产品进行规范化管理？早在2 ...

Core Insights - The 17th National Nutrition Science Conference in China focuses on "Nutritional Innovation - Promoting High-Quality Development of National Health," celebrating the 80th anniversary of the Chinese Nutrition Society with nearly 3,000 experts and scholars participating [1] - The 9th Chinese Nutrition Society Science and Technology Award recognized two projects for their technological innovation and social value, marking a breakthrough in the grain and oil industry [2][3] Group 1: Award-Winning Projects - The project "Key Technology Innovation and Industrialization of Soy Protein and Plant Sterols Based on Nutritional Health Needs" combines grain and oil processing with nutritional research, providing valuable scientific evidence for the Eastern population [3] - The project "Food Nutrition Digital Technology and Application Promotion" also received the first prize, showcasing a full-chain industrial research and development case [3] Group 2: Health Benefits of Plant Sterols - Plant sterols are praised for their health benefits, including lowering low-density lipoprotein cholesterol levels through a threefold mechanism [4] - Research confirmed that the combination of plant sterols and phospholipids improves lipid metabolism and antioxidant stress [4] Group 3: Product Development and Market Response - The "Golden Fish Fengyi Hall" brand launched by Yihai Kerry Golden Fish focuses on health management integrated into daily meals, responding to national health strategies [6] - The company has introduced various health functional products, including glycerol diester oil and plant sterol series, which have received positive feedback from consumers and experts [6] Group 4: Research and Development Investment - Yihai Kerry Golden Fish has invested billions in research since establishing its R&D center in Shanghai in 2009, forming a team of over 300 scientists [8] - The company collaborates with research institutions and universities to promote industry exchange and innovation, establishing the National Nutrition Research Fund to support collaborative projects [8][9] Group 5: Future Directions and Goals - The National Nutrition Research Fund aims to enhance nutritional supply capabilities and improve public health through targeted research projects [9][12] - Future projects will focus on functional food claims, dietary fiber analysis, and the development of health products for specific populations, contributing to the construction of a healthy China [12]

Core Insights - The 17th National Nutrition Science Conference of the Chinese Nutrition Society was held in Beijing, celebrating its 80th anniversary, with nearly 3,000 experts discussing "Nutritional Innovation - Promoting High-Quality Development of National Health" [1] - The 9th Chinese Nutrition Society Science and Technology Award recognized two projects for their technological innovation and social value, marking a breakthrough in the grain and oil industry [1][6] - The awarded projects focus on the industrialization of key technologies related to soybean protein and plant sterols, contributing to the upgrade of the entire industry chain and promoting the development of high-value health products [6] Project Highlights - The project "Key Technology Innovation and Industrialization of Soybean Protein and Plant Sterols Based on Nutritional Health Needs" fills a gap in clinical trial data for plant protein and chronic disease intervention in the Chinese population [6] - The project "Food Nutrition Digital Technology and Application Promotion" also received recognition, showcasing the successful transition from research to industry [6] Health Benefits of Plant Sterols - Plant sterols are recognized for their health benefits, particularly in lowering low-density lipoprotein cholesterol levels through competitive absorption with cholesterol [7] - Research confirmed the positive effects of combining plant sterols with phospholipids on lipid metabolism and oxidative stress, providing scientific evidence for their use in functional foods and dietary supplements [7] Product Development - The "Golden Fish Fengyitang" brand launched by Yihai Kerry aims to address health issues among overweight and obese populations, as well as cardiovascular disease patients, by integrating health management into daily meals [10] - The product line includes glycerol diester oil, plant sterol series, and low GI rice and flour products, which have received positive feedback from experts [11] Research and Development Investment - Yihai Kerry has invested significantly in research and development since establishing its R&D center in Shanghai in 2009, with over 300 scientists and thousands of patents [15] - The company collaborates with research institutions and universities to foster innovation and has established the National Nutrition Research Fund to support research projects [15][20] National Nutrition Research Fund - The fund has supported over 4,000 researchers and has initiated 40 research projects aimed at improving nutrition supply and health levels in China [16][20] - The fifth phase of the fund focuses on various research directions, including the development of functional foods and health claims [23]

Group 1 - The core message emphasizes the successful harvest and the importance of agricultural production in ensuring food security and improving farmers' income [1][2][8] - The agricultural sector has seen a stable increase in summer grain production, with sufficient supply of "vegetable basket" products, contributing to farmers' income growth and rural consumption [1][8] - The implementation of new seed varieties has significantly improved crop yields, with examples showing corn yields increasing from 1100 jin/mu to 1500 jin/mu [2][3] Group 2 - The agricultural industry is focusing on enhancing oilseed crop production, with peanut yields in Shandong increasing by approximately 400 jin/mu compared to the previous year [4][5] - The integration of agricultural deep processing is helping traditional agricultural products improve quality and expand market reach [6] - The promotion of urban-rural integration is vital for driving economic growth, with initiatives like the agricultural product sales event in Beijing connecting consumers directly with farmers [7][8] Group 3 - The implementation of the "Promoting Agricultural Product Consumption Implementation Plan" aims to optimize supply, innovate distribution, and activate market demand, enhancing the consumption potential of agricultural products [8] - The agricultural sector's contribution to the economy is highlighted by the direct annual output value of geographical indication products exceeding 960 billion yuan, showcasing the transformation of local specialties into profitable products for farmers [8][9]