Summary of NuoShin's Conference Call Company Overview - **Company**: NuoShin - **Industry**: Blueberry cultivation and related agricultural research Key Points and Arguments Financing and Growth Strategy - NuoShin plans to raise 1.45 billion RMB through a private placement to fund the construction of new blueberry parks and research investments, aiming to expand its blueberry business and increase market share, with efficiency operations expected by the 2026-2027 production season [2][3][4] - The private placement is expected to dilute shareholder equity but is anticipated to be offset by increased production capacity and performance growth [2][5] Management Stock Reduction - High-level executives, including Chairman Lu, reduced their stock holdings primarily due to personal financial needs and stock incentive plans, with Lu's reduction aimed at repaying stock pledge loans to focus more on company operations [2][6] Production and Market Performance - In the 2025 production season, NuoShin has shipped 4,700 tons of blueberries at an average price of 84,000 RMB per ton, meeting expectations [2][6] - The company has invested over 4 billion RMB in constructing a 60,000-acre blueberry base in Yunnan, with an expected production area of approximately 45,000 acres by 2026 [4][18] Brand Development and Marketing - NuoShin is focusing on its "Ai Mei Zhuang" brand in 2025, enhancing channel construction and cost management to improve operational efficiency and brand recognition [2][7][8] - The company has segmented Yunnan into four supply chains, each linked to a production area and a supporting brand, ensuring high product quality [8] Future Growth Projections - NuoShin plans to increase land by 15,000 acres within two years, optimizing seedling structure and enhancing yield, with an overall growth rate expected to reach 20%-30% [2][9] - The company aims to reduce costs significantly, targeting a reduction of 2 RMB per kilogram through operational efficiencies [10][11] Pricing Trends - Blueberry prices in November were affected by imports and taste preferences but are expected to rebound starting December, with a pricing strategy inclined towards gradual increases [4][13] Research and Development Focus - NuoShin is establishing an international research center for small fruits, including blueberries, raspberries, and blackberries, to enhance research capabilities and address agricultural challenges [14][15][16] Land Acquisition Challenges - Acquiring contiguous and high-quality land in Yunnan is increasingly challenging, but NuoShin is confident in its ability to secure necessary resources through strong government relations and community contributions [16][17] Additional Important Information - The company has invested over 40 billion RMB in its 60,000 acres of land, with an average cost of 73,000 to 75,000 RMB per acre, and plans for amortization over 6, 8, or 10 years [4][17] - The anticipated production scale for the 2026 season is expected to increase from 37,000 acres to 47,000 acres, indicating significant growth potential [18]

Core Insights - The article highlights the successful development and commercialization of the Shufu Muya almond, driven by local agricultural initiatives and technological advancements, leading to increased production and sales across China [1][3][10]. Group 1: Market Expansion - The Shufu Muya almond has gained national popularity, with online discussions increasing from 24,000 to over 2 million in 2024, and e-commerce sales rising by 672% year-on-year [3]. - The "Jiangpin Southbound, Yuepin Northbound" initiative has facilitated the entry of Shufu Muya almonds into major markets, including first-tier cities like Beijing and Shanghai [10][18]. Group 2: Production and Pricing - The production area for Shufu Muya almonds reached 60,000 acres in 2025, yielding over 60,000 tons, with prices for high-quality almonds nearing 70 yuan per kilogram [9][7]. - The introduction of artificial pollination and improved agricultural practices has increased the fruit set rate from 1% to 35%, significantly enhancing the quality and quantity of the harvest [6][4]. Group 3: Economic Impact on Farmers - The purchase price for Shufu Muya almonds has risen from 6-8 yuan per kilogram to 15-25 yuan, leading to annual incomes for some farmers exceeding 100,000 yuan, with total income increasing by over 30% [9][11]. - The shift in sales strategy has resulted in a growing preference for fresh almonds, with sales of fresh almonds increasing by 184% compared to the previous year [13]. Group 4: Logistics and Supply Chain Improvements - Enhanced logistics, including the establishment of direct flights and international freight routes, have reduced product loss during transportation, ensuring fresher products reach consumers quickly [17][14]. - The implementation of specialized packaging and preservation techniques has improved the marketability of fresh almonds, increasing their sales potential [14][20].

吴中区洞庭山一带的传统柑橘品种"洞庭料红"进入成熟采摘期。昨天（11月25日），记者在东山镇 东山宾馆看到，约500棵橘树挂满果实。这是苏州市内目前现存规模最大的"料红"成片种植林，果实的 成熟吸引了不少市民和游客前来采摘和观赏。 走进东山宾馆的橘林，只见成熟的"料红"果实个头饱满，形态圆润。在自然光照下，果皮呈现鲜明 的橘红色，与周围的绿叶形成色差对比。作为红橘中的晚熟品系，"料红"的果皮色泽随气温降低而越发 红艳，目前正处于果实外观形态与内部风味的最佳时段。 当天，苏州农业职业技术学院的老师钱春花在现场通过网络直播的方式，对洞庭红橘进行科普推 介。针对这一传统品种的未来发展，她提出了新的思路。钱春花认为，除了传统的果园种植，可以考虑 研发矮化品种，使"料红"能适应家庭盆栽环境，从而进入千家万户；同时，可利用其果皮香气浓郁的特 点，开发香水等文创衍生产品，通过多元化的开发利用形式，做好种质资源的保护与传承。 洞庭红橘是苏州洞庭山地区的标志性农产品，栽培历史可追溯至唐宋时期。得益于太湖水体的温度 调节作用及山区特有的山坞地形，该区域突破了柑橘种植的传统纬度限制，形成独特的种植小气候。洞 庭红橘主要包括"早红" ...

第八届长江三峡(梁平)柚产业发展大会开幕 梁平柚香飘四海 中新网重庆11月25日电(记者 肖江川)25日，第八届长江三峡(梁平)柚产业发展大会在重庆市梁平区拉开 帷幕。院士、专家学者和柚产业经营主体齐聚一堂，共谋梁平柚产业高质量发展。 梁平柚种植历史悠久，在清朝时期曾为贡柚。因果实芳香浓郁、肉质颗粒饱满，重庆梁平柚与广西容县 沙田柚、福建文旦柚并称为中国三大名柚。 近年来，梁平区坚持农业农村优先发展，推动乡村全面振兴。目前，梁平柚种植规模达15.8万亩，线上 线下综合产值超30亿元，产品不仅畅销全国，更香飘海外，真正成为乡村振兴的"黄金果"、农民增收 的"幸福树"。 图为第八届长江三峡(梁平)柚产业发展大会启幕仪式。中新网记者 肖江川 摄 中国工程院院士、中国食品科学技术学会副理事长朱蓓薇在致辞时表示，近年来，梁平区依托得天独厚 的生态优势，在品种改良、标准种植、绿色防控等方面持续发力，让"梁平柚"金字招牌越擦越亮。柚产 业的高质量发展，离不开科技赋能与创新支撑。中国食品科学技术学会将充分发挥人才集聚、技术引领 优势，在柚类产品的营养功能挖掘、加工工艺优化、保鲜技术升级、质量安全管控等方面深化研究，为 梁平柚 ...

Core Insights - The article explores the development of the pomelo industry in various regions, highlighting advancements in cultivation, technology, and market integration to enhance productivity and profitability. Group 1: Pomelo Cultivation and Research - Guangxi Rongxian has introduced high-quality pomelo varieties through collaborative research and development, focusing on disease resistance and fruit quality [2][3] - The county has established a seedling base with over 100,000 pomelo seedlings, ensuring high survival rates and faster production [3][4] - The total planting area for Shatian pomelo in Rongxian has reached 245,000 acres, with an expected yield of 430,000 tons and a total output value exceeding 4.5 billion yuan [4] Group 2: Mechanization and Technology in Pomelo Farming - In Guangdong Meizhou, full mechanization has been promoted in pomelo farming, significantly improving efficiency in harvesting and transportation [5][6] - The introduction of advanced agricultural machinery has increased productivity, with over 56,000 units of various agricultural machines promoted in Meixian District [7] - Smart agriculture technologies, including real-time soil monitoring and data analysis, have been implemented to guide farmers in their practices [7] Group 3: Pomelo Processing and Market Development - In Zhejiang Changshan, the pomelo industry has been integrated with processing, leading to the establishment of a modern processing plant that enhances value addition [9][10] - The development of deep processing products, such as NFC pomelo juice and pomelo wine, has been prioritized to meet market demands [11] - The total industrial output value of Changshan's pomelo industry has exceeded 6.1 billion yuan, with projections to surpass 7 billion yuan this year [11]

Core Insights - The "Meixian Pomelo" has received national geographical indication agricultural product protection certification, highlighting its significance in the agricultural sector [1] - The Meixian District is the largest pomelo production base in China, with a planting area of nearly 280,000 acres and over 50,000 farmers involved [1] - The local government is actively supervising the pomelo industry to ensure the effective use of subsidies and prevent corruption, thereby supporting high-quality development [1] Group 1 - The Meixian District's纪委监委 is focusing on the supervision of the pomelo industry, integrating efforts across various levels of government to address issues related to policy implementation and funding [1] - The纪委监委 is extending its oversight to every critical point in the subsidy process, utilizing big data comparisons and on-site inspections to prevent misconduct [1] - The local government is addressing the need for a unified brand strategy for the pomelo industry to enhance product influence and marketability [2] Group 2 - The纪委监委 has identified and rectified 24 issues related to enterprise law enforcement this year, holding 24 individuals accountable [2] - The collaboration between the纪委监委 and local agricultural departments aims to promote a comprehensive upgrade of the pomelo industry chain and establish a brand management system [2] - The pomelo industry is experiencing renewed vitality, contributing significantly to the income of local farmers and expanding its market reach both domestically and internationally [3]

Core Insights - China is a major origin country for pomelo and the largest producer and consumer globally, with the pomelo industry contributing significantly to rural prosperity and agricultural heritage [1][2] Group 1: Industry Development - The pomelo industry in China has seen steady growth, establishing key production areas such as Meizhou in Guangdong, Pinghe in Fujian, Rongxian in Guangxi, and Guangfeng in Jiangxi, which have stimulated related sectors including planting, processing, transportation, sales, packaging, and tourism [1] - Challenges in the industry include low standardization in cultivation management, lack of scientific planning in variety distribution, poor integration of small farmers with larger markets, and underutilization of by-products [1] Group 2: Technological Innovation - To promote high-quality development of the pomelo industry, there is a need for technological innovation, including research on germplasm resources and breeding of new varieties with desirable traits such as seedlessness and thin skin [1] - The integration of modern technologies like IoT, drones, and intelligent water and fertilizer management into orchard management is essential for establishing a standardized management system from planting to harvesting [1] Group 3: Value Addition and Marketing - Upgrading the pomelo industry requires deep integration of primary, secondary, and tertiary industries, focusing on the development of high-value products such as pomelo essential oil and glycoside extraction technologies [2] - The establishment of agricultural tourism complexes that combine sightseeing and cultural experiences can enhance the cultural value of pomelo, while new marketing methods like e-commerce and customized agriculture can increase brand value [2] Group 4: Talent and Collaboration - The development of the industry relies on talent, necessitating a robust service system and the establishment of standardized cooperatives to encourage entrepreneurial returnees [2] - Strengthening collaboration among government, industry, academia, and research institutions is crucial for the rapid transformation of technological achievements, ensuring that the pomelo continues to drive income growth and rural revitalization [2]

Group 1: Report Overview - The report is the Apple Industry Daily on November 24, 2025 [1] Group 2: Market Data Futures Market - The closing price of the apple futures main contract is 9379 yuan/ton, and the main contract position is 124,863 lots, a week - on - week increase of 4048 lots [2] - The net long position of the top 20 futures holders is 8095 lots, a week - on - week increase of 523 lots [2] Spot Market - The spot price of apples in Gansu Jingning (paper - bag 75 and above) is 5.25 yuan/jin, unchanged from the previous period; in Shandong Yiyuan (paper - bag 75 and above) is 2.6 yuan/jin, unchanged; in Shaanxi Luochuan (paper - bag 70 and above semi - commercial) is 4.2 yuan/jin, unchanged; in Shandong Yantai Qixia (paper - bag 80 and above second - grade fruit farmer's goods) is 4 yuan/jin, unchanged [2] Upstream Situation - The annual apple production in China is 5128.51 million tons, and the weekly apple wholesale price is 9.43 yuan/kg, a week - on - week decrease of 0.06 yuan/kg; the average wholesale price of Fuji apples is 9.07 yuan/kg, a week - on - week decrease of 0.05 yuan/kg [2] - The total national apple cold - storage inventory is 773.16 million tons, a week - on - week increase of 8.92 million tons. The capacity utilization ratio in Shandong is 0.59, a week - on - week increase of 0.03; in Shaanxi is 0.54, a week - on - week decrease of 0.01 [2] - The monthly apple export volume is 80,000 tons, a month - on - month increase of 10,000 tons [2] Industry Situation - The monthly import value of fresh and dried fruits and nuts decreased by 5.8%, and the year - on - year monthly export value of apples decreased by 14.3% [2] - The weekly profit of first - and second - grade paper - bag apple 80 storage merchants is 0 yuan/jin, unchanged [2] Downstream Situation - The weekly wholesale price of pears is 6.67 yuan/kg, an increase of 0.01 yuan/kg; of bananas is 5.34 yuan/kg, a decrease of 0.05 yuan/kg; of watermelons is 5.56 yuan/kg, an increase of 0.2 yuan/kg [2] - The weekly average daily morning arrival of trucks at the Guangdong Jiangmen wholesale market is 12.2 vehicles, unchanged; at the Guangdong Xiaqiao wholesale market is 16 vehicles, unchanged; at the Guangdong Chalong wholesale market is 23.8 vehicles, unchanged [2] Option Market - The implied volatility of at - the - money call options for apples is 22.08%, a day - on - day decrease of 0.23%; the implied volatility of at - the - money put options is 22.08%, a day - on - day decrease of 0.23% [2] Group 3: Industry News - Inventory apple trading in Shandong and western production areas is still dull, mainly with foreign trade merchants purchasing small - sized inventory fruits. Market merchants have low enthusiasm for purchasing, mainly digesting ground - sourced fruits, and the transaction price has little change [2] - Apples in Shandong and Shanxi are still being stored, ground trading is gradually ending, and inventory - sourced trading is limited. As of November 19, 2025, the national apple cold - storage inventory in main production areas is 773.16 million tons, an increase of 8.92 million tons from last week. The capacity utilization ratio in Shandong is 54.29%, an increase of 3.02% from last week; in Shaanxi is 59.10%, a decrease of 0.34% from last week. Ground trading in Shandong is ending, and some areas like Qixia are doing a small amount of storage. Storage in Shaanxi is basically over, and the production area has started to transfer out of storage [2] Group 4: Core View - The performance of the sales area market is average. Pay attention to the substitution effect of citrus fruits on the market. In the short term, the apple futures price is expected to remain at a high level [2]

11月23日，从省农业农村厅获悉，由一家牵头企业、一位首席科学家和4家相关省（市）科研单位 有关专家参与的甜樱桃育种联合攻关组，充分发挥各自优势，完善组织协调，在品种培育方面取得新突 破，成功育成新品种9个。其中，"黄金蜜"成为我国首个自主选育的纯黄色甜樱桃品种。 育种联合攻关的顺利推进，与攻关组的制度设计密不可分。联合攻关组通过会议集体研究、签订合 作协议等方式，落实了成员单位间资源收益共享、知识产权保护等有关事项；树立国家甜樱桃育种联合 攻关"国家队"地位，在组建的国家现代农业产业技术体系果树产业辽宁创新团队中，专门设置甜樱桃育 种岗位，吸纳我省攻关组成员为岗位专家。同时，强化了牵头企业大连绿海农业开发有限公司创新主体 地位，推进外部资源要素集聚，争取省级科技项目支撑，以增强联合攻关的保障能力。 在资源整合上，联合攻关组依托辽宁省甜樱桃种质资源圃，整合国内外核心种质资源，开展优异性 状种质挖掘，实现种质资源与育种信息数据的定向共享和高效利用。累计收集、引进甜樱桃及砧木种质 资源98份，系统完成120份资源基因型鉴定和89份资源表型鉴定，精准筛选出高糖、抗裂、抗流胶病等 特异优异资源42份。而后，通过联合搭 ...

Core Viewpoint - The article highlights the successful launch of the 2025 Deqing Gonggan Carnival, emphasizing the promotion and marketing strategies for Deqing Gonggan, a renowned citrus fruit, aiming for global sales and brand enhancement [9][11][15]. Group 1: Event Overview - The Deqing Gonggan Carnival commenced on November 22, 2023, featuring a spectacular drone light show and celebrating the harvest season of Deqing Gonggan [9][5][6]. - The event aims to attract domestic and international fruit buyers, agricultural enterprises, and local farmers to explore marketing and cultural narratives surrounding Deqing Gonggan [13][14]. Group 2: Marketing and Brand Development - The "Media+" initiative is set to empower the marketing of Deqing Gonggan, enhancing its global sales model and brand recognition [10][11]. - The carnival includes various promotional activities such as a national selection for Gonggan ambassadors and a series of marketing events to elevate the brand's value chain [31][34]. Group 3: Agricultural Insights - Deqing Gonggan's cultivation area remains stable at over 40,000 acres, with favorable weather conditions contributing to increased juice content and larger fruit size this year [61][62]. - The expected total yield for the 300-acre base is over 900,000 pounds, with nearly 400,000 pounds already pre-ordered through various sales channels [77][78]. Group 4: Economic Impact - The brand value of Deqing Gonggan has reached 10.8 billion yuan, positioning it as a significant contributor to local economic development and a symbol of prosperity for the community [47][40]. - The local government is actively promoting the integration of agriculture with cultural tourism to enhance the market presence of Deqing Gonggan [40][41]. Group 5: Community Engagement - The "I have a Gonggan tree in Deqing" adoption program has been running for five years, fostering consumer engagement and securing sales for farmers [43][50]. - The carnival serves as a platform for showcasing local specialties and cultural products, enhancing community interaction and tourism [106][113].