九月的即可达公司，国际交流热潮持续涌动。继 9 月 25 日乌兹别克斯坦商务外交协会考察团到访后，9 月 27 日俄罗斯考察团再临，两场跨国对 话围绕技术与合作展开，为公司国际化发展注入新动能。 9 月 27 日，核心成员为俄罗斯农业加（Аграрий Плюс）公司总经理、俄罗斯农业杂志社总编奥利谢维奇・莉莉娅・菲尔达乌索夫娜（Олисевич Лилия Фирдаусовна）带领俄罗斯农业领域企业家和农场主来我公司考察，期间，即可达总经理王继明、副总经理张迎春全程陪同。 随后双方举行专项座谈会，王继明总经理系统介绍公司发展历程、产业布局及国际化规划，张迎春副总经理补充技术研发与服务模式。俄罗斯考 察团围绕产品适配性、技术合作前景等核心问题提问，双方深入探讨合作的可能性。 9 月 25 日，上午在武陟洽谈会现场，乌兹别克斯坦商务外交协会考察团通过我司鹌鹑蛋加工技术宣传视频，直观了解智能化生产流程与品质管控 体系，当场表达浓厚兴趣，特别提及当地暂未具备同类成熟加工技术，详细咨询技术细节与产业适配方案。 下午，乌兹别克斯坦商务外交协会考察团到访即可达公司，重点关注公司鹌鹑蛋加工技术，充分了解技术优势。 据考 ...

Group 1 - The event held on September 28 focused on promoting labor education and the "Research Study Pinggu" brand, aiming to enhance the educational, economic, and cultural strength of Pinggu District [1] - A total of 100 hours of high-quality labor education courses were launched, covering various fields such as agricultural experience, technological practice, and cultural heritage, making the study trips practical and relevant to students [1] - The "Research Study Pinggu" brand integrates education with cultural tourism and agriculture, creating a complete industrial chain from course development to base operation and service assurance [1] Group 2 - The event showcased unique courses, including a live streaming simulation by students, which allowed them to experience the fun of online sales [2] - Local enterprises, such as Zixingyuan (Beijing) Food Technology Co., provided educational insights, revealing the secrets behind their award-winning products [2] - The event featured ten observation classes, including traditional crafts and innovative agricultural practices, highlighting the achievements of labor education in Pinggu District [2]

Core Insights - The article highlights the successful implementation of a hydrogen fuel cell heavy truck operation and the establishment of a modern industrial system in Hancheng, focusing on traditional industries and emerging sectors like hydrogen energy and lithium-ion batteries [1][4]. Group 1: Industrial Development - Hancheng is advancing its industrial economy by promoting the transformation and upgrading of traditional industries such as steel and coking towards high-end, green, and intelligent manufacturing [2][4]. - The Hancheng Economic and Technological Development Zone aims to create a national-level development zone, with 128 industrial enterprises expected to generate an industrial output value of 607 billion yuan by the end of 2024 [2][4]. - The agricultural processing park in Hancheng has developed a complete industrial chain for pepper and duck, with new cold chain storage projects and a quality inspection center now operational [3][4]. Group 2: New Energy and Materials - Hancheng is focusing on the hydrogen energy sector, with plans to establish two hydrogen refueling stations and promote green hydrogen projects by the end of the year [4][5]. - The new materials industry is also being developed, with a project for recycling lithium-ion batteries expected to generate an output value of no less than 2 billion yuan [5]. Group 3: Infrastructure and Environment - Hancheng is enhancing its industrial development environment through improved infrastructure, efficient land use, and optimized business conditions, which are crucial for high-quality industrial growth [6][7]. - The city has implemented a streamlined project approval process, reducing the time for project approvals to less than two weeks, thereby accelerating the implementation of hydrogen energy projects [7].

Core Insights - The event "Special Products from Poverty Alleviation Areas Entering the Chengyu Region" aims to promote unique products from impoverished areas to broader markets, injecting new consumption momentum into rural revitalization [1][3] - The "Heilongjiang Black Soil Quality Products" brand showcases high-quality agricultural products and aims to connect these products with the Chengyu market, facilitating regional agricultural collaboration and rural revitalization [1][3] Group 1 - The event features a model of "exhibition and sales + production and sales docking + brand enhancement" to promote products from poverty-stricken areas [1] - Heilongjiang's "Black Soil Quality Products" brand includes 348 enterprises and 910 authorized products, covering a wide range of categories such as rice, flour, meat, eggs, dairy, and potatoes [3] - The brand aims to combine its full-chain quality control experience with the consumption needs of the Chengyu market, providing a reference for brand building and quality enhancement for products from impoverished areas [3] Group 2 - The participation in the Chengyu promotional event is a strategic move for "Black Soil Quality Products" to expand into the southwestern market and empower the industrial development of impoverished areas [3] - The brand plans to deepen cooperation with the Chengyu market through brand output and model sharing, enhancing the added value of products from impoverished areas and broadening sales channels [3] - This initiative is expected to inject strong momentum into the high-quality development of regional agriculture and contribute to increasing farmers' income [3]

1. Report Industry Investment Rating - The industry investment rating is neutral [10] 2. Core View of the Report - This week, the prices of the three major oils showed a slight divergence, with soybean oil and palm oil prices falling and rapeseed oil prices rising slightly. Looking ahead, soybean oil may face supply pressure and its basis may be under pressure; palm oil is expected to continue destocking in the near term, but the basis may face pressure after October; rapeseed oil may face supply shortages after the National Day, and its basis is firm, with the traditional consumption peak in the fourth quarter expected to provide some support [5][6][7] 3. Summary by Relevant Catalogs 3.1 Price Quotes - Futures: This week, the closing price of the palm oil 2601 contract was 9,236 yuan/ton, a week-on-week decrease of 80 yuan or 0.86%; the closing price of the soybean oil 2601 contract was 8,162 yuan/ton, a week-on-week decrease of 166 yuan or 1.99%; the closing price of the rapeseed oil 2601 contract was 10,162 yuan/ton, a week-on-week increase of 94 yuan or 0.93% [1] - Spot: The spot price of palm oil in Guangdong was 9,190 yuan/ton, a week-on-week decrease of 60 yuan or 0.65%, and the spot basis was P01 - 46, a week-on-week increase of 20 yuan; the spot price of first-grade soybean oil in Tianjin was 8,380 yuan/ton, a week-on-week decrease of 130 yuan or 1.53%, and the spot basis was Y01 + 218, a week-on-week increase of 36 yuan; the spot price of fourth-grade rapeseed oil in Jiangsu was 10,380 yuan/ton, a week-on-week increase of 90 yuan or 0.87%, and the spot basis was OI01 + 218, a week-on-week decrease of 4 yuan [1] 3.2 Palm Oil Supply and Demand - Supply: From September 1 - 20, Malaysia's crude palm oil production decreased by 4.26% compared to the same period last month. During the week of September 19 - 25, 4 new palm oil purchase vessels were added in China, all with a shipment date of October, and 1 vessel was cancelled, with a shipment date of November [2] - Demand: As of the week of September 25, the trading volume of palm oil at key domestic oil mills was 8,634 tons, an increase of 5,391 tons or 166.23% from the previous week [2] - Inventory: As of September 19, the commercial inventory of palm oil in key regions across the country was 58.51 tons, a week-on-week decrease of 5.64 tons or 8.79%, and a year-on-year increase of 11.28 tons or 23.87% [2] 3.3 Soybean Oil Supply and Demand - Supply: In August 2025, China imported 12.279 million tons of soybeans, a month-on-month increase of 609,000 tons and a year-on-year increase of 135,000 tons or 1.11%. From January - August 2025, China's cumulative soybean imports were 73.312 million tons, a year-on-year increase of 2.833 million tons or 4%. It is estimated that 10.3 million tons will arrive in September, 9 million tons in October, and 7.5 million tons in November. The purchase of vessels for the September - October shipment period has basically been completed, but the purchase progress for the November - January shipment period is slow [3] - Demand: During this statistical period, the total trading volume of bulk soybean oil at key domestic oil mills was 75,000 tons, with an average daily trading volume of 15,000 tons, a week-on-week decrease of 17.58% [3] - Inventory: As of September 19, the commercial inventory of soybean oil in key regions across the country was 1.2359 million tons, a week-on-week decrease of 15,300 tons or 1.22%, and a year-on-year increase of 105,700 tons or 9.35% [3] 3.4 Rapeseed Oil Supply and Demand - Supply: As of September 19, the rapeseed crushing volume at coastal oil mills was 49,000 tons, an increase of 1,000 tons from the previous period. After the implementation of the anti-dumping deposit policy on Canadian rapeseed, domestic oil mills will generally face a shortage of raw materials after the National Day, leading to a shutdown wave in the industry. Currently, the market is pinning its hopes on the arrival schedule of Australian rapeseed [4] - Demand: In September, the rigid demand brought by the start of the school term boosted the consumption of oils, and the market's pick-up pace significantly accelerated [5] - Inventory: As of this week, the national imported rapeseed inventory was 46,000 tons, a week-on-week decrease of 28,000 tons; the rapeseed oil inventory at coastal oil mills was 75,500 tons, a week-on-week decrease of 11,000 tons [5] 3.5 Market Analysis - This week, the three major oils showed a slight divergence, with soybean oil and palm oil prices falling and rapeseed oil prices rising slightly. The temporary exemption of export tariffs on agricultural products in Argentina at the beginning of the week led to a sharp decline in soybean oil prices, and palm oil was also dragged down. Rapeseed oil continued to perform strongly due to factors such as tight rapeseed supply, stagnant imports of Canadian rapeseed, and continuous destocking of rapeseed and rapeseed oil [5] 3.6 Future Outlook - Soybean oil: The supply pressure may continue, and the basis may face pressure. Attention should be paid to changes in Sino-US trade relations [6] - Palm oil: It is expected to continue destocking in the near term, but the basis may face pressure after October [7] - Rapeseed oil: After the National Day, it may face supply shortages, and the basis is firm. The traditional consumption peak in the fourth quarter is expected to provide some support. Attention should be paid to changes in Sino-Canadian trade relations [9]

Group 1 - Corn starch futures experienced high volatility, closing at 2496.00 yuan, a slight increase of 0.44% [1] - As of September 26, the Dalian Commodity Exchange reported 8189 corn starch futures warehouse receipts, a decrease of 61 from the previous trading day [1] - The China (Jinan) International Corn and Starch Deep Processing Industry Exhibition and Innovation Development Conference will be held from March 9-11, 2026, focusing on industry development trends under the theme "Innovation Driven, Green Manufacturing" [1] Group 2 - Southwest Futures indicated that corn starch supply and demand are both weak, with high inventory levels, suggesting that corn starch prices may primarily follow corn market trends [2]

Core Viewpoint - The article highlights the efforts of Qiongzhong Li and Miao Autonomous County in exploring diversified employment and entrepreneurship paths for farmers through skill training and the development of labor brands, leading to increased income and job opportunities for local residents [2][4][6]. Group 1: Skill Training - Qiongzhong Employment Service Center has initiated various skill training programs, including drone operation and pastry making, enabling farmers to acquire new skills and become "multi-skilled" [3][4]. - Farmers like Huang Zhendong have successfully transitioned to using drones for agricultural tasks, significantly improving efficiency and reducing costs [3][4]. - The training programs have effectively addressed challenges faced by farmers in cultivation, management, and maintenance, enhancing their employment prospects [4]. Group 2: E-commerce and Live Streaming - The "Qiongzhong Anchor" labor brand has been established to promote local agricultural products through live streaming, with participants receiving training to enhance their selling skills [5][6]. - The initiative has resulted in significant sales, with one anchor, Huo Tingting, generating over 2 million yuan through live streaming [5][6]. - The program has successfully integrated traditional crafts with e-commerce, leading to increased sales for local artisans [6]. Group 3: Brand Development - The article discusses the success of local entrepreneurs like Huang Xiuwu, who transformed from a farmer to a coffee brand founder, showcasing the potential for agricultural diversification [7][8]. - Qiongzhong has hosted entrepreneurship competitions to support local business development, leading to the establishment of various agricultural brands [7][8]. - The region has seen the emergence of multiple brands, including "Purple Mountain Orchid" rice and "Li Li Yang" mountain wine, contributing to the local economy [8].

Summary of Key Points Core Viewpoint - The company, Jingliang Holdings, is facing regulatory scrutiny due to non-compliance with accounting standards related to certain trade activities, which has resulted in a directive for corrective measures from the China Securities Regulatory Commission (CSRC) [1][3]. Company Announcements - Jingliang Holdings' stock price closed at 6.43 yuan on September 26, 2025, down 3.45% from the previous week, with a total market capitalization of 4.674 billion yuan, ranking 11th in the agricultural processing sector [1]. - The CSRC found that the company's subsidiary engaged in palm oil, peanut oil, peanut, and soybean trades that lacked commercial substance or proper revenue recognition, involving an amount of 298,629,084.17 yuan, which constitutes 2.51% of the audited revenue for 2023 [1][3]. - The company has been ordered to submit a written rectification report within 30 days of receiving the decision, and it has stated that this regulatory measure will not affect its normal production and operations [1]. - The board of directors and supervisory board of Jingliang Holdings were originally set to complete their term on September 26, 2025, but due to ongoing preparations for the election and related reforms, their terms have been extended to ensure governance continuity [2].

Core Points - The 2025 Paragliding World Cup Finals opened in Jingmen, Hubei Province, with a significant investment event where over 80 prominent entrepreneurs from Guangdong and Zhejiang signed 10 major projects totaling an investment of 8.26 billion yuan [1][3]. Group 1: Project Overview - The 10 major projects signed cover five sectors: digital economy, green home building materials, green phosphorus chemical industry, low-altitude economy, and agricultural product processing [3]. - Key projects include the Huazhong Membrane Structure Manufacturing Base, Semiconductor Packaging and Testing Industrial Park, and Fengying High Polymer Modified Materials, which will enhance the development of pillar industries and advantageous industrial clusters in Dongbao [3]. Group 2: Economic Impact - The signed projects will not only extend the low-altitude economic industrial chain in Jingmen but also fill gaps in local industries such as low-altitude sightseeing tourism and paragliding manufacturing [3]. - Dongbao District has focused on "industry as the primary support," actively integrating into provincial and municipal development strategies, and has signed 80 projects worth over 1 billion yuan this year, totaling 35.7 billion yuan [5].

Core Insights - Azerbaijan's primary economic goal has shifted from maintaining macroeconomic stability to achieving economic diversification, with a focus on developing the non-resource economy [1] Economic Goals - The government prioritizes industrial production as a key area for attracting investment and creating jobs [1] - Over 170 industrial production enterprises are currently operating in Azerbaijan, with a total project implementation amount of approximately $4 billion [1] - These initiatives have created over 10,000 jobs [1] Sector Development - Azerbaijan is committed to developing agricultural product processing and industrial production [1] - The country aims to accelerate the introduction of new technologies to build a comprehensive, technologically advanced, and sustainable growth economy [1]