Core Viewpoint - The development of the crayfish industry in Hubei, particularly in Qianjiang, is accelerating due to government initiatives and infrastructure improvements, establishing Qianjiang crayfish as a leading brand in China [1][2]. Group 1: Industry Growth and Economic Impact - The comprehensive output value of Qianjiang crayfish has surpassed 87 billion yuan, with an annual trading volume of 800,000 tons, accounting for 60% of Hubei's total output and 25% of the national output [1]. - The "Xia Tiao" policy has designated "Qianjiang Crayfish" as Hubei's sole regional public brand, promoting a unified marketing strategy across the province [1]. - The establishment of over 4,000 Qianjiang crayfish brand stores and more than 10,000 restaurants using Qianjiang crayfish ingredients and cooking standards has expanded market reach [1]. Group 2: Supply Chain and Logistics Development - A supply chain platform with an annual transaction value exceeding 16 billion yuan has been established, involving 1,094 enterprises and 138,700 registered users [2]. - The "Xia Gu Express" logistics service platform and the only crayfish logistics big data center in the country have been created to enhance the supply chain from production to consumption [2]. - The cold chain logistics delivery system allows for delivery to all provincial capitals within 4 to 14 hours, with a 94% average freshness rate for crayfish [2]. Group 3: Market Dynamics and Price Trends - Seasonal price fluctuations are normal, with prices typically dropping during the rice planting season (May-June) and rising during peak consumption (June-August) [3]. - The introduction of "four seasons of crayfish" technology is expected to stabilize prices by extending the supply window [3]. - A survey indicated that 69.4% of crayfish farmers reported stable or increased earnings compared to the previous year, with an average net income of 2,659.2 yuan per mu, reflecting a 9% year-on-year growth [3].

CPI Outlook for the Second Half of the Year - The core CPI has been rising since the beginning of the year, with June's core CPI at 0.7%, the highest since May 2024, driven mainly by core goods rather than services [2] - Service retail growth has slowed, with a year-on-year increase of 5.2% from January to May 2025, significantly lower than the 20% and 6.2% growth rates in 2023 and 2024 respectively [2] - The core goods CPI is expected to remain resilient in Q3, supported by the "old-for-new" policy, while facing high base pressure in Q4 [5][6] Service Prices - Service prices have shown a downward trend since 2020, with a year-on-year increase of only 0.4% expected in 2025 [8] - Tourism prices have weakened significantly, with a monthly average growth rate of -0.4% from January to June 2025, indicating a bottleneck in domestic cultural and tourism consumption recovery [9] Food Prices - Food items account for about 18% of the CPI, with pork prices being particularly volatile due to the pig cycle [13] - Pork prices are expected to remain low in Q3, with a potential slight recovery in Q4 as seasonal demand increases [14] Oil Prices - Oil-related products account for approximately 3.5% of the CPI, with Brent crude oil prices averaging $71.9 per barrel in the first half of the year, down 14.7% year-on-year [18] - Oil prices are expected to face downward pressure in the second half due to weak demand and ongoing supply pressures [19] PPI Outlook for the Second Half of the Year - The PPI has been in negative territory for 33 consecutive months, with significant price pressures across various industries [20] - Real estate investment and traditional infrastructure growth are dragging down building materials prices, contributing to a 0.9 percentage point decline in PPI [21] - The "anti-involution" policy is expected to impact prices in certain industries, potentially providing some support to related commodity prices [29] Overall Economic Indicators - The forecast for PPI in the second half of the year is a slight recovery to around -2.3%, with Q3 PPI growth expected at -2.5% [30] - The GDP growth target for the second half of the year is set at 4.6%-4.7% to achieve an annual growth rate of 5.3%-5.4% [30]

Core Viewpoint - The transformation of the Hebei-Shandong-Henan anti-Japanese base from a battlefield to a vibrant area of development and revitalization is highlighted, showcasing the integration of historical legacy with modern economic growth [1][6]. Group 1: Historical Significance - The Lu Xinan Martyrs' Cemetery in Shandong serves as a memorial for over 10,000 heroes who sacrificed their lives during the Anti-Japanese War and the Liberation War, symbolizing enduring loyalty [1]. - The historical sites in the region, such as the red education base in Hebei, continue to educate future generations about the sacrifices made during the war, with over 200,000 participants expected in 2024 for ideological practice and research activities [5][6]. Group 2: Economic Development - The former battlefields are now transformed into productive agricultural areas, such as the standardized kiwi orchards in Nanyang, which utilize modern agricultural practices and have become local economic staples [3][6]. - The textile industry in Nangu City has evolved significantly, with the annual production of fine cashmere fabric reaching 2.5 million square meters, exporting to Europe and America, and generating revenues five times higher than ordinary fabrics [6]. - The local clothing and apparel industry cluster is projected to achieve an operating income of 14 billion yuan in 2024, benefiting nearly 40,000 people through increased income opportunities [6].

Core Viewpoint - The construction industry is moving towards a consensus on reducing production and limiting competition to protect profits, driven by the "anti-involution" policy [2][4][9] Group 1: Industry Initiatives - A joint initiative titled "Proposal for Building Industry Party Organizations and Party Members to Lead in Creating a Clean and Positive Industry Environment" has been issued by 33 construction enterprises, aiming to resist "involution" competition [2][4] - The initiative emphasizes the importance of technological innovation for transformation and upgrading, focusing on intrinsic and long-term value rather than blind expansion and excessive debt [2][4][6] Group 2: Policy Context - The government has been actively addressing "involution" through various measures, including the revision of the Anti-Unfair Competition Law and promoting capacity exit to combat disorderly competition [3][4] - The construction industry is responding to these policies by initiating capacity reduction actions and optimizing product structures to stabilize prices and enhance competitiveness [3][4] Group 3: Market Conditions - The cement industry is experiencing severe price wars, leading to significant losses, with 11 out of 20 listed companies reporting profits and the rest incurring losses in the first half of 2024 [5] - Associations in regions like Zhejiang and Guangdong are advocating for a reduction in production and a halt to price wars to achieve quality-driven growth [5] Group 4: Strategic Focus - The construction industry is at a critical juncture, with a focus on compliance and risk management to adapt to changing market conditions and promote high-quality development [7][8] - Companies are encouraged to prioritize innovation and sustainable practices over mere scale and speed, aiming for a transformation towards high-end, intelligent, and green development [7][8]

2025.07. 10 本文字数：2189，阅读时长大约3分钟 作者 | 第一财经 马一凡 不盲目扩张及过度负债，坚决抵制违法转包、违规分包、围标串标，坚决抵制"内卷式"竞争——近 日，33家建筑工程行业巨头发布倡议书联手"反内卷"，对行业积弊坚决"说不"。 有建筑行业资深从业者表示，建筑工程业过去长期存在低价中标、带资承包、垫资施工、超长账期的 问题，如今行业联手"反内卷"有利于优胜劣汰、提升长远经营质量。 此外，作为上下游产业的建筑材料行业近期也有一系列"反内卷"动作，如水泥行业将切实推动熟料生 产线备案产能与实际产能的统一，推动行业转型升级；防水建材多家头部企业发出"涨价函"，以缓解 成本上行和利润微薄问题。 抵制行业乱象 7月7日，国务院国资委党委和全国工商联党组共同在北京举办高质量党建引领建筑行业高质量发展 主题活动暨行业倡议发布会。 除了建筑工程行业，近期作为建筑上下游的建材行业也有不少细分行业或企业响应"反内卷"号召。 在这场会议上，33家建筑类中央企业、地方国企以及民营企业基层党组织联合发出一份《关于号召 建筑行业党组织和广大党员在营造风清气正行业环境中走在前作表率的倡议书》（以下简称"倡议 ...

Core Viewpoint - The construction industry is joining the "anti-involution" movement, aiming to enhance industry self-discipline and eliminate excessive competition, following similar trends in the photovoltaic and new energy vehicle sectors [2][4]. Group 1: Industry Trends - In the first five months of the year, national real estate development investment reached 36,234 billion yuan, a year-on-year decrease of 10.7%, with declines in new construction, ongoing projects, and completions [2]. - A joint initiative by 33 construction companies aims to promote industry transformation through technological innovation and to avoid blind expansion and excessive debt [2][6]. - The construction industry is experiencing significant slowdowns due to urbanization and reduced market demand, leading to overcapacity and a noticeable decline in growth rates [2][6]. Group 2: Cement Industry - The China Cement Association has issued guidelines to align actual production capacity with registered capacity, emphasizing the importance of capacity replacement policies for industry optimization [3][6]. - The cement industry is familiar with capacity reduction, with a projected utilization rate of 53% for cement clinker in 2024, down 6 percentage points from 2023, and an expected profit of around 25 billion yuan, a 20% decrease year-on-year [6][7]. - The industry is facing significant profit declines due to ongoing adjustments in the real estate sector and delays in infrastructure projects [6][7]. Group 3: Waterproofing Sector - Waterproofing companies have initiated price increases to counteract rising raw material costs, with price adjustments ranging from 3% to 13% for various products [4][5]. - Major waterproofing firms reported a significant drop in net profits for 2024, with Beijing Oriental Yuhong's net profit down 95.24% year-on-year, while Keshun Waterproof managed to turn a profit despite challenges [5]. - The waterproofing industry is experiencing a decline in production due to fluctuating downstream demand, prompting companies to raise prices to stabilize their financial performance [5].

Group 1 - The core achievement of the project is the significant breakthrough in the seepage prevention engineering of the Dongzhuang Water Conservancy Hub, with intelligent grouting construction exceeding 600,000 meters, laying a crucial foundation for the goal of water storage by November [1] - The Dongzhuang Water Conservancy Hub is recognized as one of the 172 major water-saving and water supply projects determined by the State Council, and it is the first high concrete double-arch dam project under construction in a world-class sediment-laden river section [1] - The total planned grouting volume for the seepage prevention project exceeds 1 million meters, which is 3 to 4 times that of a typical hydropower station, earning it the title of "the largest single seepage prevention project in the country" [1] Group 2 - The project faces complex geological conditions, including developed limestone karst areas and large fissures in the left bank rock layer, prompting the company to promote digital and intelligent technology innovations [1] - The intelligent grouting system developed by the company features fully independent intellectual property rights and utilizes multi-parameter sensors and artificial intelligence models for real-time monitoring of key parameters such as grouting pressure, flow, and slurry density [1] - The system ensures stable and controllable grouting quality, with automatic early warning and fault diagnosis to guarantee safe production, achieving a maximum monthly grouting progress of 57,000 meters [2] Group 3 - The Dongzhuang Water Conservancy Hub has been selected as a pilot project for intelligent dam construction by the Ministry of Water Resources in 2025, with plans to complete the application and enhancement of key intelligent construction technologies by the end of 2026 [2] - The intelligent grouting technology independently developed by the company has been professionally certified, reaching an internationally leading level [2]

Core Viewpoint - Lechang's Golden Nai Li is set to be launched, showcasing significant growth in production and export, driven by comprehensive industry development efforts [5][6][55]. Industry Development - Lechang city has actively promoted the Golden Nai Li industry, achieving an output value exceeding 1.1 billion yuan last year, with substantial increases in export volume and value [5][6]. - The city has established itself as the largest production base for Golden Nai Li in Guangdong, with a planting area reaching 50,000 mu and an expected total output surpassing 70,000 tons this year [15][16]. Technological Advancements - Significant breakthroughs in planting technology have been made since 2017, focusing on soil improvement and innovative bagging techniques [10][11]. - Training sessions for quality enhancement and control have been organized, with expert guidance provided to farmers for effective pre-harvest management [13][14]. Collaborative Models - Lechang promotes a collaborative model involving "party branches + cooperatives + bases + farmers" and "companies + cooperatives + farmers" to enhance market development and brand building [19][20]. - The establishment of professional cooperatives has enabled over 600 members to work together, providing additional benefits to impoverished households [22][23]. Quality Control Measures - A grading standard for Golden Nai Li has been established, with strict adherence to planting standards and management practices to ensure product quality [26][27]. - A complaint hotline has been set up to encourage mutual supervision among farmers, ensuring compliance with quality control measures [29][30]. Export and Marketing Strategies - Lechang has initiated measures to enhance the export of Golden Nai Li, collaborating with RCEP enterprises to facilitate agricultural product exports [32][33]. - A comprehensive e-commerce logistics network has been developed, training over 8,000 individuals to promote online sales [36][37]. Product Diversification - The industry is diversifying by integrating planting, processing, and tourism, with products like dried Nai Li, wine, and jams being developed [49][50]. - Local logistics companies are prepared with cold chain channels to ensure the freshness of Golden Nai Li from harvest to delivery [51][52]. Market Expansion Initiatives - A nationwide procurement event is planned to attract major buyers to Lechang for product tasting and purchasing discussions [53][54]. - The Golden Nai Li is positioned not only as a sweet fruit but also as a symbol of rural revitalization, addressing key issues in market integration and brand premiumization [55][56].

Core Viewpoint - The article highlights the efforts of various support teams in Guangdong to enhance the sales of lychees through innovative marketing strategies, technology integration, and community engagement, aiming to address the challenges posed by a bumper harvest and ensure farmers' economic benefits [10][11][110]. Group 1: Sales Enhancement Strategies - Support teams have transformed local fruit orchards into live streaming venues to expand the online sales channels for lychees [4][43]. - The establishment of cold chain processing centers and the introduction of AI sorting technology have improved the quality and marketability of lychees, allowing for higher prices and reduced waste [5][35][38]. - Collaborative efforts with local farmers and technology experts have led to significant improvements in lychee quality and yield, with some areas reporting production increases of up to 30% [10][21][29]. Group 2: Community and Cultural Integration - Various support teams have initiated cultural and tourism projects, such as music festivals and art collaborations, to promote lychee brands and enhance consumer engagement [96][100]. - The integration of cultural elements into marketing strategies has helped create unique brand identities for local lychee varieties, boosting their appeal in both domestic and international markets [97][101]. Group 3: Technological Innovations - The implementation of cold chain logistics has enabled lychees to reach high-end international markets, significantly increasing cross-province order volumes by 200% [38]. - AI sorting systems have been introduced to ensure quality control, allowing for premium pricing on high-quality lychees [35][36]. Group 4: Economic Impact - The combined efforts of support teams have resulted in substantial sales figures, with some live streaming events selling over 25,000 pounds of lychees in just three hours, generating sales of 420,000 yuan [57]. - Overall, the initiatives have led to a significant increase in lychee sales across Guangdong, with reports indicating that approximately 80% of the expected harvest has already been sold [100][110].

大宗商品研究所 农产品研发报告 农产品日报 2024 年 07 月 10 日 研究员：刘倩楠 期货从业证号： F3013727 投资咨询证号： Z0014425 联系方式： :liuqiannan_qh@chinas tock.com.cn 苹果日报 第一部分 市场信息 | 现货价格 | 2 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 指标 | 今日价格 | 上一工作日价 | 器跌 | 指标 | 今日价格 | 上一工作日份 | 涨跌 | | 格 | | | | | | 格 | | | 富士苹果价格指数 | 110.52 | 112.49 | -1.97 | 洛川半商品纸袋70 | 4.80 | 4.80 | 0.00 | | 栖霞 一、二级纸袋 80 | 4.10 | 4.10 | 0.00 | 沂源纸袋70 | 2.40 | 2.40 | 0.00 | | 蓬莱一、二级纸袋 80 | 4.20 | 4.20 | 0.00 | 6种水果平均批发价 | 7.38 | 7.29 | 0.09 | | 期货价格 | | | | ...