Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which was approved at the 2024 annual general meeting held on May 13, 2025, and the announcement was published on May 14, 2025 [1] Group 1: Profit Distribution Plan - The profit distribution plan involves a cash dividend of 2.60 RMB per 10 shares (before tax) for all shareholders, based on a total share capital of 1,151,891,980 shares [1] - For specific categories of shareholders, different tax treatments apply, with a net dividend of 2.34 RMB per 10 shares for certain foreign investors and institutions [1] - The company will not withhold individual income tax at the time of distribution; instead, tax will be calculated based on the holding period when shares are sold [2] Group 2: Key Dates - The record date for the profit distribution is set for June 4, 2025, and the ex-dividend date is June 5, 2025 [3] Group 3: Distribution Method - The cash dividends for A-share shareholders will be directly credited to their accounts through their securities companies or other custodial institutions on the ex-dividend date [5] Group 4: Consultation and Documentation - The company’s securities department is available for inquiries regarding the distribution plan, with contact details provided [6] - Relevant documents regarding the dividend distribution schedule and board resolutions are available for review [7]

央视网消息：随着"三夏"生产进入关键期，河南省境内豫南地区麦收进度加快，豫北地区正积极备战，在濮阳市濮阳县，当地在开展农机 检修的同时，创新引入AI大模型，为夏粮收获注入"智慧动能"。 在濮阳市濮阳县农机服务中心检修现场，农机手们正仔细排查油路，同时，对收割机切割器、脱粒滚筒等关键部件进行调理试，确保农机 性能良好。 目前，当地已维修保养小麦收割机1400余台、拖拉机1300余台、玉米播种机820台（套），培训机手2100余人，为三夏生产提供保障。 不同于传统农业传感器，智能环对微小形变具有高灵敏度，能精准捕捉低于10微米级的茎秆周长变化。农场内，一株株黄瓜也安装了"智 能环"，这个黑白色纳米材料的传感装置，通过旁边的小绿盒子收集数据，并传输到云服务器上，作为农户们田间管理的依据，从而进行远程 灌溉、施肥。 除了检修农机具外，濮阳县的"农机云AI智慧调度平台"，深度整合县域内各乡镇的种植面积、气象环境、机具保有量等数据资源，通过智 能算法的归纳分析，能够自动生成精准化的AI调度建议，科学匹配农事服务中心及应急作业队。 据了解，截至5月25日，河南省已收获小麦2312.4万亩。 浙江杭州："智能环"守护农作物 ...

智通财经5月26日电，农业农村部党组书记、部长韩俊主持召开部党组会议，会议指出，当前要全力以 赴抓好"三夏"生产，抓实抓细夏收，指导地方提早防范应对可能出现的极端天气，确保夏粮颗粒归仓， 抢抓农时推进夏种夏管，落实好大面积单产提升措施，打好全年粮食丰收第一仗。要切实抓好汛期防灾 减灾，分区域分灾害指导各地落实好防灾减灾措施，严防旱涝急转，努力做到早预警、早准备、早应 对，最大限度减轻灾害损失。要扎实推进现代农业建设，抓好耕地保护和质量提升这个基础，全面提升 高标准农田建设质量，切实把农田建好管好用好，突出延伸现代农业产业链条这个关键，引导各地做 好"粮头食尾""畜头肉尾""农头工尾"增值大文章。要把县域作为城乡融合发展的重要切入点，发挥好中 心镇、重点村的带动作用，引导资源要素合理配置，大力发展乡村新产业新业态，全面提升农村人居环 境，推进乡村全面振兴。 农业农村部：全力以赴抓好"三夏"生产 ...

Weather Dynamics - The weather conditions in Henan during the "Three Summer" period are complex and challenging, impacting summer harvest, planting, and flood prevention efforts [1] - Since mid-March, the average temperature in the province has reached a record high for the same period since 1961, with precipitation 60% lower than the historical average [1] - As of May 22, some areas are still experiencing drought, despite recent rainfall, with a forecast of uneven rainfall distribution during the flood season [1] Agricultural Support - The provincial meteorological department is providing strict weather services to support the "Three Summer" production and flood prevention, including disaster weather information and meteorological support for agricultural machinery [2] - A total of 20,000 agricultural machines are expected to be deployed during the "Three Summer" period, with 6.8 million machines connected to the "Henan Agricultural Machinery Cloud" platform for precise scheduling [6] Transportation and Logistics - As of May 25, 1,094 "special channels" have been opened on highways to facilitate the transportation of agricultural machinery, with 60,000 vehicles having passed through and tolls waived amounting to 14 million yuan [3] - The provincial transportation department has implemented a rapid response mechanism for minor accidents involving agricultural vehicles to ensure smooth transportation during adverse weather conditions [5] Grain Procurement and Storage - The province has prepared a grain storage capacity of approximately 56 billion jin and has established a 10 billion yuan credit guarantee fund for grain procurement [9] - The minimum purchase price for wheat has been raised to 1.19 yuan per jin, signaling support for stable grain production and farmer benefits [9] - The provincial grain and material reserve bureau is coordinating market-oriented and policy-based procurement to ensure smooth operations and protect farmers' rights [10]

Group 1 - Shanghai household registration is one of the most sought-after in China, providing access to quality medical and educational resources, as well as more employment opportunities [1][2] - Obtaining a Shanghai household registration is notoriously difficult, often requiring high educational qualifications or employment in government institutions [3] - There exists a phenomenon where individuals from Jiangsu can easily obtain Shanghai household registration without ever residing in Shanghai, highlighting a complex "enclave" story [4][5] Group 2 - Shanghai has 11 "enclaves," accounting for one-third of the total enclaves in China, which is a unique geographical phenomenon where a piece of land is governed by an administrative district but is not connected to it [6][10] - The origins of Shanghai's enclaves date back to the early days of the People's Republic of China, when agricultural land was scarce, leading to the establishment of agricultural enclaves in Jiangsu to alleviate food shortages [8][9] Group 3 - The "Dafeng Farm," a significant agricultural enclave, has evolved into a crucial supplier of staple food products for Shanghai, with a total area of approximately 300 square kilometers [12][32] - The Dafeng Farm produces over 200,000 tons of grain annually, accounting for 20% of Shanghai's minimum grain reserve, and is a major source of pork and dairy products for the city [35][36][38] Group 4 - The relationship between Shanghai and Dafeng has transformed from a one-way supply of food to a mutually beneficial economic partnership, especially with the recent improvements in transportation connectivity [55][60] - Since the opening of the Saltong High-speed Railway in 2020, travel time between Shanghai and Dafeng has been reduced to about 2 hours, facilitating closer economic ties [53][55] Group 5 - The collaboration between Shanghai and Dafeng has led to the establishment of numerous industrial parks and projects, with over 600 Shanghai enterprises now operating in Dafeng [57][59] - The ongoing integration of the Yangtze River Delta region has positioned Dafeng as a key player in Shanghai's economic ecosystem, contributing to a new model of regional cooperation [61][63]

Key Points - The China Securities Regulatory Commission (CSRC) is committed to deepening the reform of the Sci-Tech Innovation Board and the ChiNext Board to enhance the inclusiveness and adaptability of the listing system [1] - The Ministry of Science and Technology plans to launch an upgraded version 2.0 of the "Innovation Points System" to better profile technology-based SMEs, utilizing high-quality data and AI algorithms [2] - The People's Bank of China will conduct a 500 billion yuan MLF operation on May 23, 2025, with a one-year term [2] - The Ministry of Finance has allocated 1.4 billion yuan in agricultural disaster relief funds to support pest control efforts across 30 provinces [3] - The Central Cyberspace Affairs Commission is enhancing governance of information recommendation algorithms to address issues such as the spread of low-quality content and information polarization [3] - The China Automotive Engineering Society has released a group standard for all-solid-state batteries, clarifying definitions and testing methods to support technological upgrades and industrial applications [4] - The Shanghai Municipal Government has issued opinions to deepen reforms and accelerate the high-quality development of the technology service industry, focusing on frontier technologies and strategic emerging industries [5] Domestic News - The CSRC's ongoing reforms aim to create a more accommodating environment for new listings on the Sci-Tech Innovation Board and ChiNext Board [1] - The Ministry of Science and Technology emphasizes the need for collaboration between technology and finance sectors to support high-level technological self-reliance [2] - The allocation of 1.4 billion yuan for agricultural disaster relief is aimed at mitigating the impact of significant pest threats on crop production [3] International News - The New Development Bank, headquartered in Shanghai, has announced Algeria as its newest member [6] - The UK reported a public sector borrowing of 20.2 billion pounds in April, exceeding last year's figures by 1 billion pounds [6] - Germany's IFO Business Climate Index for May stands at 87.5, slightly above expectations [6] - The Eurozone's preliminary May PMI figures indicate a contraction in the services and manufacturing sectors [6]

Group 1 - Eight departments jointly issued measures to support financing for small and micro enterprises, focusing on increasing financing supply, reducing costs, and improving efficiency among other aspects, with a total of 23 work measures proposed [2][5] - The new season's summer grain purchase volume is expected to reach approximately 200 billion jin, with wheat accounting for 170 billion jin and early indica rice for 25 billion jin, representing about 60% and 50% of their respective production [2][5] - China has maintained its position as Africa's largest trading partner for 16 consecutive years, with trade volume reaching 295.6 billion USD last year, a year-on-year increase of 4.8% [2][5] Group 2 - The first international standard for an aging-inclusive digital economy has been released, led by China, under the title "General Requirements and Guidelines for Aging-Inclusive Digital Economy" [3] - Baidu reported its Q1 2025 earnings, with revenue of 32.452 billion yuan, a year-on-year increase of 3%, and adjusted operating profit of 5.33 billion yuan [12] - The EU announced the lifting of economic sanctions against Syria while maintaining sanctions against the Assad regime and implementing additional targeted measures against human rights violators [12]

Core Viewpoint - The discussion highlights the alarming food loss throughout the supply chain in China, emphasizing the need for effective governance and legal frameworks to combat food waste and improve food security [1][2][3]. Group 1: Food Waste Statistics and Impact - Approximately 100 potatoes experience significant losses at various stages, resulting in only 25 reaching the consumer's table [1]. - Globally, about one-third of food is wasted, with production to retail losses at 13.9%, where a 1% reduction in loss could yield an additional 27 million tons of food, enough to feed 70 million people for a year [2]. - In China, the total food loss rate is 8%, with rice, wheat, and corn experiencing loss rates of 26%, 16.7%, and 18.1% respectively [2]. Group 2: Legislative and Regulatory Framework - Since the implementation of the Anti-Food Waste Law in 2021, China has become the fourth country to legislate against food waste, shifting from moral to legal constraints [3]. - Current challenges include insufficient regulatory enforcement, lack of reward and punishment mechanisms, and low local enthusiasm for compliance [3]. Group 3: International Practices and Recommendations - Countries like Japan and the EU have established comprehensive frameworks to reduce food waste, with Japan focusing on a multi-phase legislative approach and the EU setting specific reduction targets for food waste [4][5]. - China is encouraged to develop a government-level food loss monitoring system and adopt international best practices to enhance food security policies [6]. Group 4: Behavioral Change in the Food Industry - The restaurant sector is identified as a critical area for reducing food waste, with initiatives like the "Pride on the Plate" project showing a 30% reduction in food waste in pilot cities [6][7]. - The "Food Waste Magic Bag" initiative connects businesses and consumers to reduce waste while promoting environmental awareness, although it faces challenges in consumer education and policy clarity [7].

Core Viewpoint - The agricultural sector in Xianyang City is facing severe drought conditions due to below-average rainfall, prompting immediate actions to mitigate the impact on agricultural production [1][2] Group 1: Drought Conditions and Responses - Xianyang City has experienced less rainfall compared to the same period in previous years, leading to varying degrees of drought across the region [1] - As of the end of April, Xianyang has activated 8,549 wells and 158 pumping stations, completing spring irrigation for 1.2886 million acres [1] - An emergency meeting was held on May 2 to analyze the drought situation and implement targeted agricultural management measures [1] Group 2: Specific Measures Taken - Various counties are actively engaging in drought relief efforts, including the application of foliar fertilizers and drought-resistant agents in specific wheat fields [2] - Qian County has distributed drought-resistant agents and irrigation equipment to local towns, along with guidance on scientific irrigation practices [2] - Xunyi County has successfully conducted four rounds of artificial rainfall operations to alleviate drought conditions [2] Group 3: Ongoing Efforts and Future Plans - The agricultural authorities in Xianyang will continue to enhance drought monitoring and coordination efforts, increasing water supply and resource management [2] - There is a commitment to guide local farmers in implementing drought prevention measures to ensure agricultural production is maintained [2]

Core Points - The U.S. government has reached its first trade agreement with the UK since initiating a tariff war, which includes partial tariff reductions and expanded market access for products [1][2] - The agreement is described as lacking substantial details and is more of a framework than a complete trade deal, with further negotiations required to finalize specific terms [4][6] Group 1: Agreement Details - The U.S. will reduce tariffs on the first 100,000 cars exported from the UK to 10%, while cars exceeding this number will still incur a 25% tariff [2] - The UK government announced $5 billion in new export opportunities for U.S. farmers and producers, including over $700 million in ethanol exports and $250 million in beef exports, with tariffs on U.S. ethanol exports to the UK reduced to zero [2] - A new trade alliance for steel and aluminum products has been established, with the UK stating that steel exports to the U.S. will no longer face tariffs [2] Group 2: Economic Implications - Despite the agreement, the previously announced 10% baseline tariff will remain in effect, indicating limited immediate economic relief [3][6] - Analysts suggest that the agreement does not significantly impact economic growth or address the initial goals of increasing U.S. fiscal revenue or promoting manufacturing return [7] - The overall trade relationship between the U.S. and UK is primarily focused on the services sector, which is not affected by tariffs, leaving the UK economy vulnerable to global economic uncertainties [7] Group 3: Political Context - The urgency to announce the agreement reflects internal pressures within the Trump administration to demonstrate progress before potential economic downturns [4][5] - The UK government, post-Brexit, is also in need of trade agreements to solidify its political standing and achieve tangible results [5] - Following this agreement, the Trump administration has indicated that more trade agreements are forthcoming, although specifics remain to be seen [6][7]