Core Points - The Brazilian government aims to strengthen trade relations with Arab countries in agriculture and livestock, increasing the variety of export products [1] - Brazil's Agriculture and Livestock Minister Carlos Favaro highlighted the desire to import more key materials, primarily fertilizers, from Arab nations while also being open to purchasing other goods of interest from them [1] - Brazil is a leading exporter of halal products globally and is one of the largest exporters of halal food [1] Export Focus - The main agricultural products exported by Brazil to Arab countries include poultry, beef, sugar, corn, and honey [1] - Brazil has facilitated exports of live fertilized eggs to Saudi Arabia, Brazilian berries to Egypt, and coffee and orange juice to the UAE [1] Strategic Goals - Favaro's statements align with Brazil's strategy to diversify markets and reduce dependence on certain trade partners [1] - Brazil is actively working to "open markets, expand business relationships, and create records," with a focus on importing fertilizers and expanding the types of export products [1]

Group 1: Ecological Protection and High-Quality Development - The Yellow River Basin is a crucial ecological security barrier and an important area for population activities and economic development in China [1] - Since the implementation of the ecological protection and high-quality development strategy, the ecological environment quality in the Yellow River Basin has steadily improved, with notable highlights in energy and food security [1][2] - The 20th National Congress proposed optimizing the ecological protection and high-quality development mechanism in the Yellow River Basin [1] Group 2: Agricultural Development - The Yellow River Basin contributes significantly to national food security, accounting for 35% of the country's grain, 32% of meat, 40% of poultry eggs, and 49% of milk [2] - Grain production capacity in the Yellow River Basin has steadily increased, with grain output rising from 155 million tons in 2000 to 248 million tons in 2024 [2] - The area of high-standard farmland in the basin reached 45.07% of total arable land by 2024, with effective irrigation water utilization improving to 0.58 [2] Group 3: Agricultural Product Advantages - The construction of specialized agricultural product advantage zones has shown significant results, forming diversified agricultural product clusters along the Yellow River [3] - In 2023, Henan's high-gluten wheat area reached 15 million mu, accounting for nearly 30% of the national total [3] - Shanxi and Inner Mongolia's coarse grain industry cluster produced 6.8 million tons in 2023, representing 43% of the national total [3] Group 4: Green Agricultural Development - Efforts to reduce agricultural pollution and promote green fertilizers have led to a 90% coverage of soil testing and formula fertilization technology in Shandong [4] - The area of ecological agriculture demonstration zones exceeded 50, with carbon trading pilot areas covering over 1 million mu, achieving an annual carbon fixation of 2 million tons [4] Group 5: Industrial Development and Energy Transition - The Yellow River Basin is rich in natural resources, contributing approximately 80% of the country's raw coal output and one-third of the national oil and gas reserves [7][8] - The region has a high concentration of resource-based cities, with traditional industries like steel and chemical production dominating, leading to environmental sustainability challenges [8][9] - The transition to a low-carbon economy is underway, with significant investments in renewable energy, including a cumulative installed capacity of over 135 million kilowatts in Inner Mongolia by 2024 [10] Group 6: Ecological Restoration and Biodiversity - The water quality in the Yellow River Basin has improved significantly, with the main stream achieving Class II water quality for three consecutive years from 2022 to 2024 [13] - Water and soil erosion has been effectively controlled, with the area of soil erosion reduced from 450,000 square kilometers to 245,800 square kilometers [14] - Biodiversity is gradually recovering, with the number of bird species in the Yellow River Delta increasing from 187 to 373 [15] Group 7: Cultural and Tourism Development - The Yellow River Basin is rich in cultural heritage, with 15 world cultural heritage sites and a significant number of intangible cultural heritage projects [18][20] - The region is developing a cultural tourism belt, promoting various themed tourism routes and enhancing regional collaboration [22] - Innovative cultural IPs are being developed to enhance the domestic and international influence of Yellow River culture [23]

Core Insights - The event held in Beijing on September 20 focused on promoting the "Aletai Sheep" regional public brand, showcasing its ecological value and industry prospects to expand its market presence nationwide [1][2] Group 1: Brand Development - The Aletai region is recognized for its unique natural endowments, producing the nationally protected geographical indication product, Aletai Sheep [1] - Aletai Sheep is positioned as a valuable local genetic resource known for its tender meat, lack of gamey flavor, and pure taste [1][2] Group 2: Industry Growth - The Aletai Sheep industry currently spans 6 counties and 1 city, covering 56 townships, with an expected breeding volume of 4 million sheep and an annual output value of 1.479 billion yuan in 2024, accounting for 28% of the region's total livestock output value [1] - The establishment of a public brand construction plan includes three systems: quality standards, traceability certification, and industry alliances to enhance brand value [2] Group 3: Scientific and Technological Support - The core advantages of Aletai Sheep include low fat, high protein, and no gamey taste, supported by national-level genetic breeding technology certification [2] - The event marked the integration of regional public branding, e-commerce giants, and research institutions, aiming to propel Aletai Sheep beyond Xinjiang and into the national market [2]

1. Report Industry Investment Rating No information provided regarding the industry investment rating in the given content. 2. Core Views of the Report - The current pig market shows a significant oversupply situation. Spot prices are falling rapidly due to large - scale group and散户 sales, and the future spot trend remains pessimistic. - The fundamentals in 2025 may be weaker than in 2024 due to the continuous increase in sow production capacity since last year. However, the expectation of policy - driven capacity reduction is strong, which may improve the supply situation next year. - Demand may improve marginally at the beginning and middle of September due to school openings, temperature drops, and festival preparations, but it will enter a slump after the National Day until the temperature drops and the Spring Festival approaches. - The short - term trend of the futures market is likely to remain weak. It is recommended to short the near - month contracts on rebounds and conduct reverse arbitrage, while being cautious about high - position risks. [11] 3. Summary by Directory 3.1. Weekly Assessment and Strategy Recommendation - **Spot Market**: The oversupply has led to a spread of pessimistic sentiment, with domestic pig prices accelerating their decline last week. Group and散户 sales have increased supply pressure, and the future spot trend is still pessimistic. For example, the average price in Henan dropped by 0.5 yuan to 12.96 yuan/kg, in Sichuan by 0.84 yuan to 12.36 yuan/kg, and in Guangdong by 1.2 yuan to 13.36 yuan/kg. - **Supply Side**: In July, the official sow inventory was 40.42 million, 3.6% more than the normal level. The supply from September to November is expected to increase, but the weight reduction by group factories from June to August may partially offset the supply pressure. - **Demand Side**: Demand may improve marginally in early - mid September but will decline after the National Day. - **Strategy**: Maintain the idea of shorting near - month contracts and conducting reverse arbitrage. For single - side trading, it is recommended to wait and short on rebounds for the 11 and 01 contracts. For arbitrage, conduct 3 - 5 and 3 - 7 reverse arbitrage. [11][13] 3.2. Spot - Futures Market - **Spot Trend**: The oversupply has led to a rapid decline in pig prices last week, with group and散户 sales increasing supply pressure. The future spot trend is pessimistic. - **Basis and Spread Trend**: The spot price has dropped significantly, the basis has declined, and the month - to - month spread follows the reverse arbitrage logic. - **Prices of Piglets and Sows**: No specific analysis of price trends is provided in the text, only relevant price charts are presented. [22][25] 3.3. Supply Side - **Reproductive Sows and Changes**: In July, the official sow inventory was 40.42 million, 10,000 less than the previous month but still 3.6% more than the normal level. The effectiveness of capacity reduction needs more evidence. - **Inventory and Slaughter**: From September to November, the basic supply will increase, but the weight reduction by group factories from June to August may partially offset the supply pressure. - **Slaughter of Different - Sized Pigs**: The proportion of small - pig slaughter has slightly increased, indicating a slight increase in pig diseases. The proportion of large - pig slaughter is not high, and attention should be paid to the fat - standard price difference. - **Other Indicators**: Slaughter volume is increasing month - on - month, and the weight of large - scale farms is starting to stabilize and rise, showing an oversupply situation. [33][42][45] 3.4. Demand Side - Demand may improve marginally in early - mid September due to school openings, temperature drops, and festival preparations. However, it will enter a slump after the National Day until the temperature drops and the Spring Festival approaches. [58] 3.5. Cost and Profit - Due to factors such as feed cost and efficiency improvement, the cost is continuously declining. However, pig prices are the weakest in the same period over the years, and the industry has suffered full - scale losses this year. [69] 3.6. Inventory Side - The frozen - product inventory is slowly rising. [74]

以"共育新机共赢未来"为主题的中巴驴产业发展论坛18日在巴基斯坦首都伊斯兰堡举办。本次论坛由全 巴基斯坦中资企业协会和桑阳实业（北京）集团有限公司联合主办，中国驻巴基斯坦大使馆和巴基斯坦 粮食安全与研究部共同指导，来自两国的行业专家、学者、企业代表、政府官员以及中巴两国媒体代表 等130余人参会。 巴基斯坦食品安全与研究部常秘阿米尔·毛希丁（Amir Mohyuddin, Federal Secretary, Ministry of National Food Security Research）、中国驻巴基斯坦大使馆临时代办施远强等出席开幕式并致辞。 毛希丁在致辞中说，本次论坛在中巴两国政府、学术界和企业之间建立起强有力的联系。巴政府将努力 为驴产业这一新兴行业的发展提供一切可能便利。中国在农业领域具有先进经验，期待中巴两国企业充 分利用巴当地驴养殖资源，共同开发生产优质产品，以实际经济效益造福巴广大农民，实现互利共赢。 施远强表示，巴基斯坦具备发展出口导向型驴产业的有利基础和条件。希望两国企业以此次论坛为契机 加强交流互鉴、深化互利合作，相信在双方共同努力下未来将有更多巴优质农产品进入中国市场，造福 两国 ...

Core Insights - The "I Want to Fly" training program aims to enhance the international trade capabilities of Guangdong's livestock industry, focusing on exploring overseas markets and opportunities for growth [12][14][72] Group 1: Event Overview - The "I Want to Fly" training and research activity commenced on September 15 in Beijing, organized by Southern Rural News, involving representatives from various companies and associations in the livestock sector [3][5][6] - The group visited the Agricultural Trade Promotion Center, which is responsible for international agricultural trade negotiations and research, highlighting the importance of their visit [7][15] Group 2: Key Discussions and Insights - The director of the Agricultural Trade Promotion Center expressed strong support for Guangdong's livestock industry and provided specific guidance on international trade policies and methods for "going global" [14][17] - The center plans to follow up with the visiting companies as key observation units for international trade in livestock, focusing on research and support for exports of pigs, cattle, chickens, and eggs [18][20] Group 3: Company Perspectives - The president of the Guangdong Cattle Industry Association emphasized the unexpected benefits of the visit, planning to establish a department for beef product exports and collaborate with the center for guidance [22][23] - The chairman of Jin Xin Nong highlighted the need for a global perspective and plans to initiate research on international trade in agriculture, aiming for a higher level of international engagement [25][26] Group 4: Market Opportunities - The founder of Cheng Cheng Group noted the rapid growth in the egg trading sector, projecting a revenue increase from 5 billion yuan in 2024 to 7 billion yuan in 2025, and emphasized the importance of transitioning from high-speed growth to high-quality development [32][33] - The president of the Guangdong Cattle Industry Association recognized the potential in Southeast Asia, particularly in the high-end beef market, and plans to establish sales networks in countries like Thailand and Vietnam [46][44] Group 5: Collaborative Efforts - The event fostered deep cooperation intentions among companies, discussing the formation of an "overseas alliance" to share resources and risks, aiming to create a strong international brand for Guangdong's livestock industry [59][60] - The integration of resources through the "media+" strategy was highlighted as a means to enhance collaboration among companies, leveraging their respective strengths in technology, market operations, and supply chain management [61][63]

Group 1 - Guangdong has 134 towns listed in the 2025 National Top 1,000 Towns ranking, an increase of 10 from the previous year, indicating a steady growth trend in the region's comprehensive strength [4][5][6] - Guangdong ranks third in the total number of towns listed, following Jiangsu and Zhejiang, with 3 towns in the top 10 and 11 towns in the top 30 [5][6] Group 2 - The upcoming 2025 Harvest Festival in Fengkai County will celebrate agricultural abundance with a theme of "Celebrating Agricultural Harvest and Enjoying a Better Life," featuring local cultural activities and highlighting the Fengkai apricot chicken brand [30][31][32] - Zhanjiang City will host the "Celebrating the 2025 Farmers' Harvest Festival and 'Zhan Products Entering the Bay' Carnival," inviting global buyers to explore local products and foster cooperation [39][40][42] Group 3 - A meeting in Maonan District focused on agricultural production and statistical work, summarizing the first half of 2025 and setting goals for the third quarter to enhance agricultural quality and efficiency [16][18]

Core Points - The recent amendment to the Articles of Association of Tianshan Animal Husbandry Biotechnology Co., Ltd. aims to adapt to changes in laws and regulations, improve corporate governance structure, and enhance operational efficiency, which is significant for the company's future development [2] Group 1: Amendment Basis and Company Information - The revised Articles of Association are based not only on the Company Law but also include the Securities Law, Shenzhen Stock Exchange Growth Enterprise Market Listing Rules, and Guidelines for Articles of Association of Listed Companies [1] - The registered capital has been changed from 312.977396 million yuan to 239.778994 million yuan [1] Group 2: Corporate Governance Structure - The chapter regarding the supervisory board has been removed, indicating a major change in the governance structure [1] - The board of directors will consist of 9 members, including 1 chairman and 3 independent directors [1] - The regulations regarding the legal representative have been refined, stating that the resignation of the legal representative who is a director will require the company to appoint a new legal representative within 30 days [1] Group 3: Shareholders and Shareholders' Meeting - The rights and obligations of shareholders have been detailed, including new requirements for accessing accounting books and vouchers [1] - The powers of the shareholders' meeting have been adjusted, with the term "shareholders' meeting" standardized and new authorizations for issuing corporate bonds added [1] - Procedures for convening, notifying, and proposing matters for the shareholders' meeting have been optimized [1] Group 4: Directors and Board of Directors - Changes have been made to the terms, resignations, and duties of directors, including a new management system for director departures [1] - The decision-making authority of the board regarding external investments and guarantees has been further clarified, requiring collective decision-making for significant matters [1] - Adjustments have been made to the procedures for board meetings, including notification and voting, with new responsibilities for directors regarding board resolutions [1] Group 5: Senior Management - The titles of senior management have been adjusted, clarifying the nomination and appointment methods for the board secretary and other senior managers [1] - Responsibilities and obligations of senior management have been emphasized, with more comprehensive provisions for compensation for losses caused to the company [1] Group 6: Financial and Profit Distribution - The disclosure of financial reports has been clarified, specifying the timeline and basis for submitting annual and interim reports to regulatory bodies [1] - Adjustments have been made to the profit distribution policy, emphasizing cash dividends while considering the opinions of minority shareholders [1] Group 7: Other Important Amendments - The internal audit system has been improved, detailing the leadership structure and responsibilities of the internal audit department [1] - Updates have been made to the methods of notification and information disclosure, including delivery dates and media [1] - Procedures and announcement methods for company mergers, divisions, and capital reductions have been adjusted, with new provisions for reducing registered capital to cover losses [1]

Core Viewpoint - The company has entered into a debt waiver agreement with its controlling shareholder, which will alleviate its debt pressure and support its business development [1][2]. Group 1: Debt Acquisition and Waiver - On August 19, 2025, Xiamen Shed Supply Chain Management Co., Ltd. acquired a debt of 76.49 million yuan from Huzhou Zhongzhi Rongyun Investment Co., Ltd. through auction [1]. - The debt waiver agreement includes the waiver of all interest totaling 23,382,282.19 yuan up to August 31, 2025, and a partial principal waiver of 26,490,000 yuan, leaving a remaining principal of 50 million yuan [1]. - The remaining debt will not accrue interest from September 1, 2025, to August 31, 2028, and the repayment deadline for the remaining principal is extended to August 31, 2028 [1]. Group 2: Financial Impact - The waiver and extension of the remaining debt are expected to reduce the company's financial burden and improve its overall financial condition [2]. - This action reflects the controlling shareholder's positive support for the company's business development [2].

每经头条（nbdtoutiao）——5万亿ETF的370名基金经理薪酬大揭秘！他们的日常工作，就是跟着指数 买股票吗？ 每经AI快讯，*ST天山（SZ 300313，收盘价：8.61元）9月19日晚间发布公告称，公司第五届2025年第 二次董事会临时会议于2025年9月16日以通讯方式召开。会议审议了《关于控股股东豁免公司部分债务 及剩余借款展期暨关联交易的议案》等文件。 （记者 张喜威） 截至发稿，*ST天山市值为27亿元。 2025年1至6月份，*ST天山的营业收入构成为：畜牧业占比54.91%，资产租赁占比45.09%。 ...