Group 1: Livestock Industry - The pig industry is currently in a phase of deep losses, with supply contraction expected to continue into the first half of 2026, leading to a significant reduction in production capacity. The average pig price for 2025 is projected to be below the cost line, with quarterly estimates of 15.5 CNY/kg, 13.5 CNY/kg, 16.4 CNY/kg, and 17.7 CNY/kg, resulting in an annual average of approximately 13.4 CNY/kg [11][25][26] - The white chicken market is experiencing a cautious outlook, with a projected supply growth of less than 5% for 2026. The decline in the sales of commodity broiler chicks indicates a more conservative price expectation within the industry [30][35] - The yellow chicken sector remains stable, with production capacity not significantly affected. The prices are expected to follow trends in other protein sources, with a focus on seasonal price increases [39] - The beef market is anticipated to see a price increase due to a clear reduction in both domestic and international supply. The wholesale price of beef has been rising, reaching 66.21 CNY/kg in December, reflecting a year-on-year increase of 9.1% [42][70] Group 2: Agricultural Inputs and Other Sectors - The feed industry is showing signs of recovery, with a 6.6% year-on-year increase in feed production for the first three quarters of 2025, indicating improved demand from the livestock sector [71][76] - The edible mushroom sector is witnessing a rebound, particularly with the reversal of the predicament faced by enoki mushrooms and the potential growth of new products like Cordyceps [3][80] - The pet industry continues to thrive, with a notable trend towards high-end domestic products, as evidenced by the performance of brands like Guibao Pet and Zhongchong Co. [4][63] - The natural sweetener market is expected to grow as consumer awareness of sugar reduction increases, with companies like Bailong Chuangyuan and Baolingbao positioned to benefit from this trend [4][71]

证券日报网讯 12月24日，隆平高科（000998）在互动平台回答投资者提问时表示，公司早稻品类主要 聚焦长江中下游双季早籼稻市场，在两系杂交中迟熟早稻领域保持全国领先，特别是以陵两优系列为代 表的品种，在抗倒、高产、抗稻瘟病等方面表现突出。公司在加强低镉早稻方面选育力度，目前已储备 一批具备镉低积累、高产、抗稻瘟病早稻品种。 ...

（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。 ...

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，中科发系列早粳稻与公司早稻 不是同一类型，存在一定差异化，早粳稻目前处于产业化起步阶段，后期耐高温等问题品种表现还有待 市场检验；公司在长江中下游早稻领域具有多年积累，具有高产、广适、绿色、高效等优势，综合竞争 力较强，并根据市场需求，加强短生育期、圆粒、低镉、优质化等方面性状改进。低镉早稻、早晚兼用 型早稻、中迟熟优质常规早稻方面已有一批组合在选育审定进程中。 （文章来源：证券日报） ...

格隆汇12月24日丨隆平高科(000998.SZ)在互动平台表示，公司早稻品类主要聚焦长江中下游双季早籼 稻市场，在两系杂交中迟熟早稻领域保持全国领先，特别是以陵两优系列为代表的品种，在抗倒、高 产、抗稻瘟病等方面表现突出。公司在加强低镉早稻方面选育力度，目前已储备一批具备镉低积累、高 产、抗稻瘟病早稻品种。 ...

智通财经APP获悉，招商证券发布研报称，展望2026年，农林牧渔板块投资机会或主要聚焦于周期与成 长两个维度：1)周期。生猪反内卷&行业亏损双管齐下，母猪产能重启去化，预计26H2猪价或逐步回 暖。祖代鸡引种同比下滑，看好种禽端景气。2)成长。国内龙头饲企强者恒强，有望将国内成熟的竞争 范式复制到海外市场，打开成长空间。生物育种产业化积极推进，具备核心品种优势的头部种企市占率 有望迎来加速提升。 招商证券主要观点如下： 禽养殖：白鸡种禽端景气可期，2026年黄鸡或有较好盈利 1)白羽鸡：受海外引种大幅下滑及种鸡性能下降影响，预计2026年优质父母代鸡苗供给偏紧，后续也将 影响商品代鸡苗的供给。看好种禽端景气。2)黄羽鸡：当前父母代种鸡存栏已降至历史偏低位水平，再 加之2025年行业亏损半年以上，供给收缩为后续鸡价上涨奠定基础。黄鸡养殖成本回落至低位，鸡价回 暖后有望大幅释放盈利弹性。 种业：玉米种业持续去库存，重视粮食安全 在全球极端气候频发、国际贸易摩擦不断、农产品供需存在区域及结构上不平衡背景下，国家粮食安全 战略上升到前所未有的高度，看好种植端及种业景气。1)水稻种业：2025年国内杂交水稻种子供应充 ...

Core Insights - Hainan officially launched its full island closure operation on December 18, 2025, which is perceived as a shopping paradise but has deeper implications for the national economy and food security [1][39] Group 1: Economic Implications - The closure allows for a significant increase in the number of zero-tariff goods from 1,900 to 6,600, meaning approximately 74% of product categories entering Hainan will be tariff-free [9][39] - The "processing and value-added 30% tariff exemption" policy enables imported raw materials to be processed in Hainan and sold to mainland China without additional tariffs if their value is increased by 30% [10][18] - This policy creates a "price buffer zone" that can stabilize domestic prices during international market fluctuations, ensuring that food prices remain manageable for consumers [16][39] Group 2: Agricultural Development - Hainan is positioned as a critical area for seed development, with over 70% of new crop varieties in China having been cultivated in the "South Breeding Valley" [22][29] - The closure facilitates easier access for foreign seed resources, enhancing research and innovation in agricultural technology [28][39] - The strategic focus on self-sufficiency in seed production is crucial for national food security, allowing China to reduce reliance on foreign imports [20][39] Group 3: Strategic Positioning - Hainan serves as a vital gateway for China to the Pacific and Indian Oceans, enhancing its role in global supply chains and acting as a "safety house" amid potential disruptions [34][37] - The closure is part of a broader strategy to test economic resilience and regulatory frameworks in an open environment, preparing for potential global trade challenges [39]

Core Viewpoint - Sanya Yazhou Bay Science and Technology City High-tech Zone is transforming into a hub for innovation, focusing on the development of deep-sea technology and seed industry, leveraging its unique geographical and policy advantages to foster a robust ecosystem for emerging industries [4][12]. Group 1: Port Transformation - Sanya Nanshan Port has evolved from a minor cargo port to China's first public scientific research vessel mother port within three to four years, becoming a popular choice in the domestic scientific research community [3][4]. - The port has achieved over 1,000 scientific research vessel calls in just two years, with expectations to exceed 2,000 calls by 2025, positioning itself as one of the busiest scientific research mother ports globally [7][10]. Group 2: Economic Growth - The deep-sea industry has seen a revenue increase of 341.7% year-on-year in the first three quarters of 2025, highlighting the significant growth and potential of the blue economy in the region [10]. - The establishment of 11 deep-sea equipment research and operation bases and the development of 28 production lines indicate a strong clustering effect in the deep-sea technology sector [10]. Group 3: Seed Industry Development - China Seed Group has signed a strategic cooperation agreement with Beidahuang Kenfeng Seed Industry Co., focusing on core technology breakthroughs and market expansion in the seed industry [11]. - The technology city has established 20 research platforms in the seed industry, making it the largest and most comprehensive in the country, with an annual output value exceeding 18 billion yuan [12].

大力发展农业新质生产力，加快农业新技术推广应用。提升农业科技创新体系整体效能，加强国家农业 科技战略力量建设，推进农业科技力量协同攻关，提升农业科技策源能力和自主创新能力。加快推动传 统种养业提质增效、转型升级。深入实施种业振兴行动，加快核心种源技术攻关，实施生物育种重大专 项。加力实施农机装备补短板行动，推进高端智能、丘陵山区适用农机装备研发应用，促进良田良种良 机良法集成增效。培育壮大农业领域新兴产业和未来产业。实施智慧农业建设工程，拓展大数据、农业 机器人、人工智能等在农业农村领域应用场景。推进农业废弃物资源化、材料化、能源化利用，加快农 业发展绿色转型。 新华财经北京12月24日电 国家发展改革委24日在其官方微信号上发布的题为《加快农业农村现代化 扎 实推进乡村全面振兴》文章中表示，准确把握"十五五"加快农业农村现代化、扎实推进乡村全面振兴的 总体思路和重大任务。 其中具体提到，提升农业综合生产能力和质量效益，确保粮食和重要农产品稳定安全供给。加力实施新 一轮千亿斤粮食产能提升行动，在巩固提升口粮的基础上，主攻玉米和大豆，稳步扩大青贮玉米、苜蓿 等优质饲草料生产。深入实施粮油等主要作物大面积单产提升 ...

12月17日，天气寒冷，在杨凌示范区的现代温室大棚内，抗病强、品质优的新品种幼苗正悄然生 长，科研人员携手开展关键技术攻关，种业创新暖流涌动。 "这个棚里展示了400多个番茄杂交试验品种。从9月定植至今，我们持续观察它们的果形与叶部健 康状况，从中筛选优良品种进行培育。"陕西金棚种业有限公司总经理王科说。 一个番茄好品种不仅要口感好，还需具备高产抗逆的特性。"从材料分离、杂交组配，到多轮筛 选，再到品种推广，选育一个番茄新品种往往需要五六年时间。"王科说。 如今，陕西金棚种业有限公司依托杨凌的农科教资源，持续引进研发人才、加大育种投入，已培育 出20个具有影响力的番茄新品种。 在先正达集团中国（杨凌）技术中心育种试验基地的无极调光温室，一盆盆玉米在精准滴灌下茁壮 成长。从嫩芽初绽到穗实饱满，各生长阶段的玉米并存一室。 "我们根据玉米生长所需的红外光谱，合成了红橙光与蓝紫光，并动态调节光的强度，从而使玉米 生长突破季节限制。"先正达集团中国（杨凌）技术中心生产负责人张亚说。 传统育种往往如同拆盲盒，周期长、偶然性大。如今，分子检测等新技术能精准识别具有优良性状 的"潜力股"种子，使育种过程变得更为可控。 种子作 ...